MINING.

Otago Witness, Issue 3831, 16 August 1927, Page 34

MINING.

THE WEEK’S NEWS. DUNEDIN STOCK EXCHANGE. Friday Afternoon. For quietness the past six days on the Stock Exchange have eclipsed all previous •weekly periods. The amount of business done has been almost negligible On ’Change there has been only one sale, and four transactions have been reported. In all Sections the market is dead Bank of New South Wales are not in demand, sellers asking £45 7s 6d. A sale of Bank of New Zealands at s?s fed was reported early in the week, and the present quotations are threepence on either side of that price Commercials are slightly better with a Buyer at 27s 9d, but no sellers. There is a difference of only sixpence between the quotations for National Bank of New Zealands, which are wanted at £b 15s 6d. , . ± , Unions, of which there is to be a new issue of one in seven, are on oiler at £l5 3s 6d without a buyer. N.Z. Breweries have advanced in value, and buyers will now give 425. Sellers re quire 43s 9d. Debentures are still wanted at 23s 6d. For National Insurances buyers are otter£ng 775. New Zealands are wanted at 39s 3d compared with 3Ss 9d last week. South British have a buyer at 575, and Standards are in demand at 60s. Huddart. Barkers (ordinary issue) are not in demand at present, but up to 48s has been offered. The preference issue has a buyer at 20s 9d, and a seller at 21s 4d. P. and O. Deferred Stock can be obtained at £2B's, but there is no immediate inquiry. The best offer for Westport Coals, which are still on offer at 33s 9d, is 335. The preference issue of Wcstport-Stock-jtons has improved, buyers offering 2s lOd. N.Z. Refrigeratings have eased. Buyers quote for the paid-up shares is 14s 6d, and for the contributing issue they are offering 6s 3d. Auckland Amusement Park ordinary shares have firmed, and Us Id is now offered. There has been a transaction at. Us 3d.

Ordinary D.l.C.’s are wanted at a premium of 8s 6d, and the preference shares have a buyer at 20s 9d. Inquiry for Dominion Rubbers has eased. Buyers’ best offer is 355, but sellers will not take less than 40s. A parcel of the old issue of N.Z. Drugs has been turned over at 645. Others are offered at 64s 6d. Inquiry for Wilsons has advanced to 34s 3d. Buyers are offering 8d for Kawaraus, compared with lOd last week. Sellers still ask Is. There is no demand for Molyneux Electrics, which are on offer at 19s. Offers of 24s 3d for Upper Nevis shares have failed to attract a seller at less than 25s 3d. 'There has been little change in Government Stock. Bonds and inscribed stock maturing in 1927 are wanted at £99 7s 6d. Saturday, Noon. Business in Bank of Now Zealands at 58s 6d was reported this morning. Commercial Banks were wanted at 28s, but sellers did not reply. Inquiry for New Zealand Breweries’ shares improved to 42s 6d, sellers asking 44s 6d. A buyer of the contributing issue of New Zealand Refrigeratings offered 6s sd, and a quote of 17s was made by a buyer of Auckland Amusement Park preference shares. August 9. —Sale Reported: Milburn Eime and Cement (new issue), 3s 3d prem. August 11.- —Sales: Auckland Amusement. Park (ord.), Us 3d. Sale Reported; Goldsbrough. Mort, (rights), 8s lOd. August 11. —Sale reported: N.Z. Drug Co. (old issue), 645. August 13. —Sale reported: Bank of New Zealand, 58s 6d. The following are Saturday morning’s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of New South Wales —Sei £45 7s 6d. « Bank of New Zealand—Buy 53s 3d, sei 58s 9d. Commercial Bank —Buy 28s. E.S. and A. Bank—Sei £8 2s. National Bank of New Zealand—Buy £6 15s, sei £6 16s. BREWERIES. N.Z. Breweries, Ltd.—Buy 42s 6d, sei 44s 6d. N.Z. Breweries Debs. —Buy 23s 6d. INSURANCE. National Insurance Co.—Buy 775. N.Z. Insurance Co.—Buy 395. ' South British Insurance Co.—Buy 575. Standard Insurance Co. —Buy 60s. SHIPPING. Adelaide Shipping—Buy 25s 6d. Huddart, Parker (pref.)—Buy 20s 9d. P. and O. Deferred Stock—Buy £275, >el £2BB. COAL. West port Coal Co. —Buy 335, sei 33s 9d. iWestport-Stockton (pref.)—Buy 2s 9d. LOAN AND AGENCY. Dalgety and Co. —Sei £l4. Dalgety and Co. (new issue)—Scl 70s. Goldsbrough, Mort (rights)—Buy 8s 9d -Jtrem. N.Z. Loan and M. (ord.) —Buy £9O. Perpetual Trustees—Buy 61s. Trustees, Ex. and Agency—Buy 58s. Wright, Stephenson (pref.)—Buy 15s 9d, wel 16s 9d. MEAT PRESERVING. N.Z. Refrigerating (pd.)—Sei 15s 3d. N.Z. Refrigerating (cont.) —Buy 6s sd, eel 6s 9d. Southland Frozen Meat (ord.) —Sei 31s Jd. MISCELLANEOUS. Auckland Amusement Park (ord.) —Buv ills 3d, sei 12s. Auckland Amusement Park (pref.)—Buy 17s, sei 21s. D.I.C. (ord.) —Buy 8s 6d prem. D.I.C. (pref.)—Buy 20s 9d. Dominion Rubber —Buy 365. Kaiapoi Woollen (pref.)—Buy 14s. Kauri Timber—Buy 225. Milburn Lime and Cement (new issue) — I Buy 3s 2d prem, sei 3s 6d prem.

Mosgiel Woollen Co.—Buy £6 3s. National Electric—Sei 13s 6d. N.Z. Drug Co. (£2 pd.)—Sei 64s 6d. ■ N.Z. Drug Co. (new, fully pd)—Scl 655. N.Z. Express (ord.) —Sei 21s. N.Z. Guarantee Corp.—Buy 8s 6d. N.Z. Milk Products (bonds)—Buy 225. N.Z. Paper Mills (ord.) —Buy 15s 9d. scl 16s 6d. N.Z. Sugar of Milk—Sei 23s 9d. M hitcombe and Tombs —Buy 69s 6d, sei 71s. Wilsons (N.Z.) Cement—Buv 345, sei 34s 9d. MINING. Kawarau G. M. Co.—Buy Bd, sei Is. Wai hi—Buy 19s, sei 20s. Waihi Grand Junction—Buy Is 4d. Mount Isa—Sei 25s 6d. Upper Nevis—Buy 24s 6d, sei 25s 6d. Big Beach—Scl par. WAR BONDS. 4i per cent. Bonds, 1930 —Buy £97 10s. 4i per cent. Bonds, 1938—Sei £96 15s. CCnt ' crs ’ Bonds, 1933—8uy 4i per cent. Inscribed, 1938—So] £96 15s. 5i per cent. Soldiers’ Inscribed, 1933— Sol £lOl. 5 per cent. Postal Bonds, 1927—8uv £99 ss.5 per cent. Postal -Inscribed, 1927—8uv £99 ss. 5 per cent. Postal Inscribed, 1929—8uv £93 ss. NORTHERN EXCHANGES. The following business was done on ’Changes last week: — Tuesday. Auckland. —Sales: New Zealand Government War Loan, 1938. 4£ per cent., £96 15s; Commercial Bank of Australia, 28s 3d; National Bank of .Australasia, £l7 2s 6d; Bank of New South Wales, £45; Bank of New Zealand, 58s 6d; Union Bank, £l5; Hikurangi Coal (pref.). 6s 6d; Hikurangi Coal (A pref.), 5s 3d; Auckland Gas, 22s lOd ; Milne and Chovce (debs.), 23s 6d : Waihi, 19s 9d. Wellington. — Sales reported : Kauri Timber, 245. Wednesday. Auckland.—Sales: New Zealand Breweries Debentures, 23s 9d; Bank of New South Wales, £45; Bank of New Zealand, 58s 6d; Union Bank, £l5; New Zealand Insurance,x 39s 6d; South British Insurance, 57s 3d; Farmers’ Co-op. Auctioneering (B preference), 14s lid; Auckland Gas, 22s lOd; Huddart, Parker, 48s; Northern Steamship, 14s; New’ Zealand Breweries Shares, 435; Kawarau, lOd. Wellington.—Sales reported: Bank of Australasia, £l4 14s; Bank of New South Wales, £45 2s 6d; South British Insurance (two parcels), 57s 3d; Electrolytic Zinc (pref.), 32s 3d. Christchurch.—Sales reported: Union Bank, £l4 19s (two parcels) ; Goldsbrough, Mort (rights). 8s lOd; New Zealand Breweries Bonds. 23s 9d (two parcels). Sales: Colonial Sugar, £52 10s.

Thursday, Auckland.—Sales: Taranaki Oil Field, 7s 6d; Whittome, Stevenson. 435; Alburnia, 3s 7d, 3s 6d; Waihi, 19s 6d. * Wellington.—Sales reported: 5J _ per cent Stock (1936). £101; Commercial Bank (ord.), 28s; Wellington Gas (ord.), 27s 9d; Kawarau Mining, lOd.

Christchurch. —Sales reported: Commercial Bank of Australia, 28s 3d; Goldsbrough, Mort (rights), 8s lid. Sales on ’Change: 71 per cent. Gisborne Sheep Farmers (1932), £B5; Goldsbrough, Mort, 45s 3d (rights), 8s lid. Friday. Auckland. —Sales: National Bank of New Zealand, £6 15s; Bank of New South Wales, £44 17s 6d ; New Zealand Breweries shares, 435. 43s 3d• Whittome Stevenson, 435; Wilsons Cement. 34s 6d; Lucky Shot (cont.), Is 4d ; New Waiotahi (cont.), G^d; Waihi Grand Junction, Is sd. Wellington.—Sales reported : New Zealand Breweries Bonds, 23s lOd ; Commercial Bank (ord.), 28s 3d; Bank of New South Wales, £44 17s 6d ; Electrolytic Zinc (pref.), 82s; Wairarapa Farmers (pref.), 14s 3d. Christchurch.—Sales reported; Beath and Co., 32s 6d; Staples Brewery, 37s. — Sales: Bank of New South Wales (cum. div.), £44 17s 6d (three parcels) ; Bank of New Zealand, 58s sd; Goldsbrough, Mort (rights), 8s lid (two parcels); Waihi, 19s 9d ; Taranaki Oilfields, Bs. Saturday. Auckland sales: Commercial Bank of Australia, 28s 3d: Auckland Amusement Park, Us 6d; Majestic Gold Mining Co., 2d.