MINING.

Otago Witness, Issue 3830, 9 August 1927, Page 34

MINING.

THE WEEK’S NEWS.

Tl»’ Taranaki Oilfields Company reports as follows:— Waiapu No. 2 well. &3ft: depth in shale uncertainif conditions in well will permit satisfactory cementing at present depth, if no. will resume drilling for B}ini diameter casing. Cisbome No. 1 wed, 75ft depth in daj and shale.

DUNEDIN STOCK EXCHANGE. Friday afternoon. The Stock Exchange has been exceptionally quiet during the past week. There have been only four transactions on ’Change, and the reported sales have numbered only Bank of Australasias are wanted at £l4 12s 6d, but at present none are on offer. Bank of New South Wales are inquired lor at £44 15s, sellers’ quotation leaving * margin of 10s. , • r, , r Business has been reported in Bank ot New Zealands at 58s 6d. The price for a considerable time previously remained at 58s 6d. Other lots are offered at 5Es 6d, buyers quoting at 58s 3d. For Commercial Banks, now ex dividend, buyers will give 27s 6d, but sellers require 28s' 6d. . , , ES and A. Banks are not in demand. Sellers ask £8 2s. . . National Banks arc also without inquiry, sellers quoting £6 16 s. There is a margin of only 3s between the quotations for Unions, which are wanted at £l4 19s. Inquiry for N.Z. Breweries is back to 41s again, although as much as 42s 9d was offered during the week. Sellers require 44s 6d. The Debentures are better, with a buyer at 23s 6d. Staples are wanted at 36s 6d. National Insurances arc better. Buyers ■will now give 775, but there are no sellers below 80s. New Zealands are ex dividend with a buyer at 38s 9d and no sellers. The demand for South British is quieter. Buyers offer 56s 3d compared with 56s Ski last week. Standards are still wanted at 60s. Iluddart Barkers (ordinary issue) are bettor, but there was no reply when a buyer offered 48s to-day. Buyers of P. and O. Deferred Stock are offering £27B—£2 less than last week. Sellers ask £287. ' , Business has been done in estport Corns at 35s fid. The closing quotations were threepence on either side of that price. Goldsbrough, Morts are weaker. Inquiry is made for them ex rights at 44s 6d, and the offer for rights is 8s 9d premium. N.Z. Refrigeratings are unaltered. Dominion Rubbers have advanced in value. Buyers will give 35s 9d, but there are no sellers below 40s. An inquiry for Kauri Timbers at 22s 6d has brought no-response. Buyers of the new issue of Milburn Dime and Cements will give a premium of 3s 2d L«t none arc on offer. National Electrics changed hands early in the week at 13s 3d. They have since been on offer at 13s 9d without inquiry. Old Drugs have been turned over at 64s 6d, and ether lots can be procured at 655. For the new issue 63s 9d is offered, but sellers will not accept less than 64s 9d. Wilsons Cements have eased. Buyers quotation is 34s Id. and sellers ask 34s 6d. Kawaraus arc unchanged with a buyer

it 10<l anti a seller at Is. Mount Lyells have increased in value. The quotations are 27s lid (buyer) and 28s 5d (seller). . . Molyneux Electrics are not m demand. Sellers will take 19s. St. Bathans had a buyer to-day at Bd and a seller at 2s. - Upper Nevis are firmer. They were turned over early in the week at 2.3 s 9d, and the present offer is 24s Id. There are no sellers, however, below 25s 6d. There has been little alteration in Government stock. 44 per cent, inscribed stock (193 S and 1939) is on offer at £96 15s. Saturday. Noon, at 48s 3d this morning, but sellers would not take less than 495. The preference issue of WestportStoektons had a buyer at 2s 9d and a seller at 3s 6d. Waihis were in demand at 19s 6d with a seller at 20s. The offer for Upper Nevis was 24s 3d. August 5. —Sales reported: Westport coal, 33s 6d (two) ; Bank of N.Z., 58s 6d. The following are Saturday morning: buying and selling quotations, which an subject to the usual brokerage: — BANKING. Bank of New South Wales—Sei £45 ss. Bank of New Zealand—Sei 58s 6d. E.S. and A. Bank—Sei £8 Is 6d. National Bank of New Zealand —Sei £6 16s. Union Bank —Buy £l4 17s 6d, sei £l5 2s 6d. BREWERIES. N.Z. Breweries, Ltd. —Buy 41s, sei 445. N.Z. Breweries De bent. —Buy 23s 6d. i INSURANCE. National Insurance Co.—Buy 76s 6d, sei N.Z. Insurance Co.—Buy 38s 9d. South British Insurance Co. —Buy 565, •el 575. Standard Insurance Co. —Buy 60s. SHIPPING. goward Smith —Buy 30s 3d. uddart, Parker (ord.) —Buy 4fls 3d, sei 495. Huddart, Parker (pref.)—Buy 20s 9d. P. and O. Deferred Stock—Sei £2BB. U.S.S. Co. (pref.)—Sei 20s 3d. COAL. Westport Coal Co. —Buy 335. sei 33s 9d. Westport-Stockton (ord.) —Buy Is 2d, sei 1b 9d. Westport-Stockton (pref.)—Buy 2s 9d, sei 3b 63. LOAN AND AGENCY. Goldsbrough, Mort (rights)—Buy 8s lOd prem. National Mortgage—Sei 665. N.Z. Loan and Mercantile (ord.) —Buy £9O. Perpetual Trustees —Buy 61s. Trustees Executors and Agency—Buy 58s. Wright. Stephenson (pref.)—Buy 15s 9d. •el 17s 33.

MEAT PRESERVING. N.Z. Refrigerating (pel.)—Buy 14s 9d. N.Z. Refrigerating (cont.) —Buy 6s Bd, sei 6s lid. MISCELLANEOUS. Auckland Amusements Park (ord.) —Buy 10s 4d, sei Ils. Auckland Amusements Park (pref.)—Buy 16s. Brown, Ewing (ord.) —Buy 30s 9d, sei 31s, 6d. Brown, Ewing (pref.)—Buy 20s. Bruce Woollen Co. —Buy 8s 6d, sei 10s. D.I.C. (ord.) —Buy 8s 6d prein. D.I.C. (pref.)—Buy 20s 9d. Dominion Investments —Buy 20s. Dominion Rubber —Buy 35s 6d, sei 40s. Dunedin Stock Exchange Ppty.—Sei 90s. Milburn Lime and Cement —Buy 26s 3d. Milburn Lime and Cement "(new issue) — Buy 3s 2d prem. Mosgiel Woollen Co. —Buy £6 3s. National Electric —Sei 13s 9d. N.Z. Drug Co. (£2 pd.)—Buy 63s 9d, sei 655. N.Z. Express (ord.) —Sei 21s 9d. N.Z. Malay Rubber (ord.) —Buy 325, sei 40s. N.Z. Milk Prods, (bonds) —Buy 21s 9d. N.Z. Paper Mills (ord.) —Set 16s 6d. N.Z. Sugar of Milk—Scl 235. Whitcombc and Tombs —Buy 69s 66, sei 70s 6d. Wilsons (N.Z.) Cement —Buy 34s Id, sei 34s 6d. MINING. Kawarau G. M. Co.—Buy lCd, sei Is. Waihi—Buy 19s 6d. sei 20s. Waihi Grand Junction —Buy Is 4d, sei Is 9d. Electrolytic Zinc (pref.)—Buy 31s 9d. Electrolytic Zinc (ord.) —Buy 31s 6d, scl 32s 6d. Mount Lyell—Buy 27s lOd, sol 28s 66. Molyneux Electric—Scl 19s. Upper Nevis—Buy 24s 3d, scl 25s 6d. Big Beach —Sei par. WAR BONDS. 4-2 per cent. Bonds, 1930—Buy £97 10s. 4g per cent. Bonds, 1938 —Scl £96 17s 66. 4j per cent. Bonds, 1959 —Sei £95 17s 6d. 4j per cent. Inscribed, 1938—Sei £96 15s. 54 per cent. Soldiers’ Inscribed, 1933— Sei £lOO 15s. 5 per cent. Postal Bonds, 1927 —Buy £99 ss. 5 per cent. Postal Inscribed —1927—8uy £99 ss. 5 per cent. Postal Inscribed, 1929 —Buy £9B ss. 54 per cent. Inscribed, 1935—Sc) £lOl. NORTHERN EXCHANGES. The following business was done on last week: — Tuesday. Auckland. —Sales: Inscribed Stock (1935), 51 per cent., £101; National Bank of New’ Zealand, £6 15s 6d; Bank of New Zealand, 58s 6d; Hikurangi Coal (pref.), Gs 6d; Hikurangi (A pref.), 5s 3d; Pukemiro Collieries, 61s; Wilsons N.Z. ! Cement, 34s 6d; New Waiotahi (cont.), Bd.

Wellington.-—Sales reported: Bank of New South Wales, £45. Christchurch. —Sales reported: Bank of New South Wales, £45 2s 6d, £45. (two parcels) ; Union Bank, £l5 2s, £l5; National Insurance, 77s 6d, 77s 3d; New Zealand Government 5J per cent. Inscribed (1933), £lOO 17s 6d. Sales: Bank of New’ South Wales (new, fully paid), £44 2s 6d; Goldsbrough, Mort, 45s 3d; (rights), 8s lOd.

Wednesday. Auckland. —Sales; Bank of N.Z.. 58s 6d; New Zealand Loan and Mercantile, £92; Pukemaori collieries, 61s; Huddart Parker, 48s; Kempthorne Prosser, 64s 3d; Milno and Choyce (debenture stock), 23s 6d; Waihi Grand Junction, Is ,6d. Wellington.—Sales reported: New Zealand Breweries 10 per cent, bonds, 23s' 8d and 23s 7d; Bank of Australasia, £l4 14s 9d; Waipa Coal, 15s; Kauri Timber, 23s 9d.

Christchurch. —Sales reported: N.Z. Government 44 per cent. Inscribed, 1938, £96 10s (cum. div.); Bank of. Australasia, £l4 14s, £l4 15s; Commercial Bank of Ausralia (prof.) (cum. div.) £ 19s 6d ; National Bank of New Zealand, £6 15s; Bank of New South Wales, £45; Sales: N.Z. Government 44 per cent. Inscribed, 1938, £96 10s: Bank of New South Wales, £44 15s; Wilsons Cement. 34s 3d. Invercargill.—Sales reported : Perpetual Trustees. 595-; —Soldiers Settlement Loan, Inscribed, £lOl ss. Thursday. Auckland. —Sales Auckland Harbour Board, 51 per cent., 1945, £lOl 10s; Bank of New South Wales, £44 17s 6d: Bank of New Zealand, 58s 6d; New Zealand Insurance. 39s 3d: South British Insurance. 57s 3d: Goldsbrough, Mort (rights), 8b 9d: Auckland Gas, 235; Auckland Gas (eontr.), 17s 3d; National Timber, 12s a.i

Wellington.—Sales reported: Bank of New South Wales, £44 17s 6d; N.Z. Guarantee Corporation (ord.), 9s; South British Insurance, 575.

Christchurch. —Sales reported: N.Z. Government 54 per cent. Inscr., 1933, £lOO 17s 6d; Bank of New Zealand, 58s 7d; Bank of New South Wales, £45; E.S. and A. Bank (new), £7 12s; Goldsbrough, Mort (rights), 8s 9d; Wilsons Cement, 34s 6d; N.Z. Guarantee Corporation, 9s Id. Sales: Australian Bank of Commerce. 325; Bank of Australasia, £l4 13s 6d; Dalgety and Co. (new), £8 2s (two p..reels); Manning’s Brewery, 19s 9d; Stockton Coal (pref.), 3s; Grand Junctio'n, Is 6d; Goldsbrough, Mort (rights), 8s lid. Friday.

Auckland. —Sales: Commercial Bank of Australia, 295; Bank of New Zealand, 58s 6d ; Union Bank of Australia, £l5; British Tobacco, 52s 6d • Taranaki Oil, 7s 6d; Waihi, 19s 9d, 19s lOd, 19s 9d; Waihi Grand Junction, Is 6d. Wellington:—Sales: Electrolytic Zinc (pref.), 32s 3d and 32s 6d. Sales reported: Westport-Stockton (pref.), 3s Id; Wilson’s Cement, 34s 6d. Christchurch. —Sales reported : N.Z. Government 54 per cent. Inscribed, 1933, £lO9 15s; Bank of Australasia, £l4 14s 6d. Sales; Standard Insurance, 60s; Huddart, Parker, 48s 3d (two parcels) ; Goldsbrough, Mort, (rights), 8s lid; Kaiapoi Woollens (17s pd.), 10s. Saturday. Auckland. —Sales: Bank of New Zealand, 58s 6d; bank of New Zealand (D pref., 10s paid), 16s 7d: Hill and Plummer, 22s 3d; Taranaki Oil, 7s 4d; Waihi, 19s 9d. Christchurch.-—Sales reported: Huddart, Parker, 48s 6d. Sales: Bank of Australasia, £l4 14s (three parcels); Goldsbrough, Mort (lights), 8s lid; Manuing’s Brewery, 19s 9d (three parcels).