MINING.

Otago Witness, Issue 3804, 8 February 1927, Page 34

MINING.

THE WEEK’S NEWS. The secretary of the Blacks Gold Mining Company received the following report from the mine on Wednesday“ Five-inch bore sunk to 125 ft in brown pug. Changing to 3in to-morrow.” The following telegranhed report has been received by the secretary of the St. Bathans Gold Mining Co., from the mine manager; ‘‘lnclined shaft progress 4ft, total depth, 42ft-. We are now haiding with winch, and everything from shaft sinking on lead is dumped direct into hopper leading to sluice boxes.” TAHANAKI OIL FIELDS. N3W PLYMOUTH, February 1. The Taranaki Oil Fields (Ltd.) report as follows on recent operations on the east coast and in Taranaki:—The Waiapu No. 2 well was drilled to 108 ft in blue ehale, 15Jin in diameter, and the casing has been taken to 90ft. The Taranaki No. 3 well camp is practically completed, and contracts have been let for the transport of equipment, about 40 tons of which is on the site, and erection work has commenced.

DUNEDIN STOCK EXCHANGE Friday afternoon. Business on and off the Dunedin Stock Exchange has been fairly active. Bank of New Zealands improved further to the extent of 2d, there being a sale during the Week at 59s sd. Closing quotations yesterday were f?e 3d (buyers), and 59s 9d (sellers). Other banking shares show little variation and inquiry up till to-day was not strong. Insurances have livened up very little on last week. No sales were effected and on . ’change and reported business in these stocks was nil. There has been no great improvement on the market for these shares, and coal and loan and agency stecks have shared a similar fate. A sale of Westport Coals was reported to-day st 355. 6d. . The most outstanding movement in shipping was that of P. and O. Deferred Stock, which during the week jumped to £265. One lot was sold at that price, but further inquiry at the same figure up till yesterday’ brought no response from sellers. New Zealand Refrigeratings have received most attention in the meat line Canterbury Meats were inquired for today at £7 10s, but there were no sellers. Dominion Rubbers have eased to some extent. Buyers increased their offer to 48s 9d to-day,, but no sales resulted. Sellers were wanting 50s earlier in the week. Milburn Lime and Cements (new issue) have firmed a little since last week. Buyers offered 4s 4d early in the week, but there wore ao sellers at the price. Sales in stock included one lot at 4s Id on ■Wednesday, and two at os lOd and 4s earlier. Today’s closing quotations wore confined to an offer of 4s, which met with no response. Auckland Amusement Park (ordinary) have been inquired for at 5s 9d, an increase of 3d, but with little success. No business has been done. Breweries shares have eased lately. Sellers are prepared to take 52s 6d now instead of 535, but buyers do not feel disposed to go higher than 51s. Debenture stock remains quiet, and the same applies to the others. Ward and Company’s were in demand at 41s to-day. Throughout the week the market for mining shares was not very strong. One sale of Kawaraus took place at 3s 6d. but to-day these dropped, and a great many shares changed hands. Four lots were sold at 3s 3d, and then the price dropped bv Id, 10 lots being sold at 3s 2d. Last week sales were made at 3s lOd and 3s 9d, with further sellers at the latter price. The marked closed to-day with buyers offering 3s Id, and sellers unwillinsr to quit at less than 3s 2d. Electrolytic Zincs have not lacked attention, and one lot ence stock changed hands2 to-day at 375. Almost every class of mining stock on the local exchange was quoted by buyers or sellers. . Sellers of Golden ' Chance, Natural Bridge, Molyneux Electric, Cromwell Gold Mining, and Big Beach offered to quit at par, but buyers did not come forward. The same applied to St. Bathan’s B issue. New Zealand Government stocks are still firm. Two sales of 54 per cent.' Soldiers’ Bonds (1933) were reported at £lOl. Saturday, noon. Dunedin Stock Exchange this morning. Eight parcels of Kawaraus changed hands at 3s 2d, and a parcel of Auckland Amusement Park (conts.) found a ' buyer at 5s 9d (prem.). There was'also a sale of Nokomai Sluicing at 6s (prem.). February 5. —Sales: Auckland Amusement Park (cont.), 5s 9d prom.; Ka-

waraus, 3s 2d (eight parcels); Nokomai Sluicing, 6s prem. Sales reported: Bank of New Zealand, 59s 61 (three); Mount Isa, 34s 3d. The following are Saturday’s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of Australasia—Buy £l4 ss. Bank of New South Wales —Buy £47 15s. Bank of New Zealand—Buy 59s 6d. •Commercial Bank—Sei 31s ex rights and ex riv. Commercial Bank (rights)—Buy 9s Id, set 103. National Bank—Buy £7 Is 3d. sei £7 2s 6d National Bank of Aust, (cont.) —Buy £9 2s 6d. E.S. and A. Bank—Buy £8 6s. Union Bank—-Buy £l5 6s. N.Z. Breweries (Ltd.) —Buy 51s, sei 52s 9d. N.Z. Breweries (Ltd.), debs.—Buy 245. INSURANCE. National Insurance Co.—Sei 74s 6d. N.Z. Insurance Co. —Buy 375. SHIPPING. Burns, Philp—Buy 395. Huddart Parker (ord.) —Buy 475. sei 47s 6d. Huddart, Parker (pref.)—Buy 20s 9d. P. and O. Deferred Stock—Buy £265, sei £275 U. 8. Co. (pref.)—Buy 20s. LOAN AND AGENCY. - Dalgety and Co.—Sei £l5 10s. Goldsbrough, Mort —Buy 50s, sei 51s 3d. Perpetual Trustees—Buy 60s. Trustees, Executors, and Agency—Buy 58s. Wright, Stephenson (ord.) —Buy 21s. V, 'right, Stephenson (pref.)—Sei 17s. MEAT PRESERVING. N.Z. Refrigerating (cont.) —Buy 6s Id sei 6; 6d. MISCELLANEOUS. Auckland Amusement Park (ord.) —Buy 5s 3d prem.. sei 6s. Auckland Amusement Park (pref.)—Sei 265. British Tobacco —Buy 525. Brown, Ewing (ord.) —Buy 30s 9d. Brown, Erwing (pref.)—Buy 20s 9d. Bruce. Woollen Co.—Buy 15s, sei 17s 3d. Colonial Sugar—Buy £56 10s. D. 1.0. (ord.) —Buy 9s 6d prem. D. 1.0. _ (prer.)—Buy 20s 9d. Dominion Rubber —Buy 48s 6d. Donaghy’s Rope and Twine—Buy 33s 6d. Milburn Lime and Cement—Buy 275, sei 28s 9d. Milburn Lime and Cement (new issue)— Buy 4s 7d. Mosgiel Woollen Co —Buy £6. M'Leod Bros. Soap—Buy £25. National Electric—Sei 17s. N.Z. Drug Co. (paid)—Sei 70s. N.Z. Express (pref.)—Buy 17s. N.Z. Guarantee Corp.—Buy 10s. N.Z. Hardware (ord.) —Buy 4s. N.Z. Paper Mills (ord.) —Buy 17s, sei 18s 6d. Smith and Smith (pref.)—Sei 18s 3d. Taranaki Oil —Buy 9s. Wilsons (N.Z.) Cement—Buy 365, sei 375. N.Z. Milk'Prods, (debs.) —Buy 20s 3d.

MINING. Kawarau G.M. Co.—Buy 3s Id, sei 3s 2d. Nokomai Sluicing—Buy 5s 9d, sei 6s 6u prem. Waihi—Sei 17s 3d. Waihi Grand Junction—Sei Is 9d. Electrolytic Zinc (pref.)—Buy 375, sei 37s 9d. • Electrolytic Zinc (ord.) —Buy 365. Mount Lyell—Buy 28s 3d sei 28s 9d. Kawarau High Levels—Buy Is 6d dis. Mount Isa—Buy 33s 6d. sei 355. St. Bathans (A issue)—Buy 4s disc., sei Is prem. s' St Bathans (B issue) —Buy 4s disc, sei par. ’ ■ Blacks G.M. Co.- —Buy 2s disc Upper Nevis—Sei 4s 9d prem.. Big Beach—S'el par. Alburnia—Buy 3s 3d. WAR BONDS. 4J- per cent. Bonds, 1930—Buy £97 5s 4i per cent. Inscribed, 1939—Sei £96 15V 5 per cent. Postal Bonds 1927—8uy £9B per cent. Postal Inscribed, 1927—8 u. }’~ Sa . les: Milburn Lime and Cement Co. (new issue), 4s Id premium. Sales reported: 54 per cent. Soldiers’ Bonds (1933) £101; Bank of New Zealand 59s sd. February .3.—Sale: P. and 0. Deferred fetock, £265. ®t !e > r ,^ r 4 tcd = S 2 I** cent - Soldier’s Inscribed (19o3), £lOl. February 3.—Sales: New Zealand Refrigerating (paid), 13s 9d; Dominion Rubbers, 495. Sales reported: E.S. and A. Bank, £8 6s 6d ; New Zealand Breweries’ Debentures, 24s 4d. • February 4. —Sales: Kawarau. 3s 3d •(four), 3s 2d (ten); Electrolytic Zinc (pref.). 375. Sale Reported.—Westport Coal 35s 6d.

NORTHERN EXCHANGES. The following business was done on ’Changes during the week:— Thursday. Auckland.—Sales: Soldiers’ bonds (1933), £lOl ss; city of Auckland debentures (1940), 51 per cent. £97; New Zealand Insurance, 37s 6d; South British, 56s 3d; Auckland Gas, 23s 9d; Northern Steamship. 13s 6d; Taranaki oil, 9s 6d; Wilsons Cement, 36s 3d; Moanataiari (cont.) 4s 4d; Lucky Shot (cont.), 1 3 6d; Waihi, 12s; Mount Lyell, 28s 6d. Wellington.—Sales: Huddart Parker (ord.). 47s 3d.—Sales reported : Union Bank, £l5 6s; Wilsons Cement, 36s 6d. Christchurch.—Sales reported; Bank of Australasia, £l4 7s 6d; Union Bank of Australia, £l5 6s, £l5 7s; National Insurance, 745; South British Insurance, 56s 4d.—Sales: Commercial Bank of Australia (cum div., cum rights). 33s 3d; Commercial Bank of Sydney, £26 10s; Bank of New Zealand, 59s 4d, (three parcels); Union Bank, £l5 16s: Western Australia Bank, 58s; Queensland Insurance, 55s 6d; Christchurch Gas (cum div.), 25s 9d.

Friday. Auckland.—Sales: Christchurch TrainWays debentures (1944), 54 per cent., £99; Commercial Bank of Australia (ex div.), 30s 3d; Auckland Gas, 23s 9d; Devonport Ferries, 24s 9d; Lewis A. Eady and Son 7 per cent. (B. pref), 20s 3d; Milne and Choyce debenture stock, 24s 6d; Wilson Cement. 36s 3d; Alburnia, 3s 7d; Kawarau, 3s 4d, 3a sd; Lucky Shot (cont.), Is 6d.

Wellington.—Sale: Bank of New Zealand, 59s 6d. Sales reported: 44 per cent. Stock, £96 10s; National Bank of New Zealand, £7 2s; Union Bank, £l5 6s. A Christchurch.—Sales reported: Commercial Bank of Aust (rights), 9s sd; National Bank of New Zealand, £7 2s, £7 2s 3d. Sales: New Zealand Government 54 per cent. Bonds (1933), £lOl ss. . . , , „ , Saturday. ' Auckland.—Sales: Auckland Electric Power Board 5| Debentures (1945), £99 10s; Devonport Ferry, 24s 9d; Kawarau, 3s 3d. Wellington.—Sale: Union Bank, £l5 6s. Sale reported: Wellington Gas (ord.), Christchurch. —Sales reported: Bank of New Zealand, 59s 6d; Standard Insurance, 575. ——Sale: Monteith’s Brewery, 20s.