MINING.

Otago Witness, Issue 3860, 6 March 1928, Page 34

MINING.

THE WEEK’S NEWS. UPPER NEVIS COMPANY. Mr S. C- Fache, general manager and drcdgemaster cf The Upper Nevis Dredging Company, Limited, reports as follows : —A return of’ 158 ounces for 220 hours has been Becured. The water is slack. Otherwise everything is satisfactory. DUNEDIN STOCK EXCHANGE. Friday Afternoon. Business has been quiet on the Stock Exchange during the past week. Bank of Australasias have increased in value, and early in the week a parcel changed hands at £l4 19s. They are still in demand at that price, but there are no immediate sellers. Bank of New Zealands are also a shade firmer, with inquiry at 595. Commercials have also advanced in value. Buyers are prepared to give 275. Bd, but sellers will not accept less than 28s. "" Business has been reported in E.S. and A. Banks at £8 Is 6d. Unions have eased. N.Z. Breweries shares are practically unchanged, with a buyer at 41s 6d. Staples have been turned over at 37s 3d. Inquiry for National Insurances is slightly easier, as is the case with New Zealands.

South British have been dealt in at 58s, and are now wanted at 57s 9d, with a seller at 58s 6d. Ordinary Huddart, Parkers have only recently been in demand. Buyers’ offer has improved during the Jast couple of days, however, and 48s 9d is the quotation.

Among ' coal shares Pukemiros are wanted at 60s, and Taupiris have a buyer at 255.

Westlands are easier, and can be obtained at 31s 3d, but buyers are not prepared to give more than 30s 3d. Inquiry for paid-up Refrigeratings has firmed to 15s 3d, sellers’ quotations leaving a margin of 4d. No better offer than 8s 9d is made for Auckland Amusement Parks, which can be had at Ils. Both the old and new issues of Milburn Eime and Cements are better. . Buyers’ quotation for the old shares has increased to 32s 9d, and a premium of 9s 3d is offered for the new issue. Holders, however, are reticent. Kawaraus have been placed at 6d, and the closing quotations were 5d (buyer) and 7d (seller). ■Waihis are wanted at 9s 9d. Electrolytic Zincs are ex dividend. Buyers’ quotations are 31s 6d for the preference and 30s 3d for the ordinary ehares.

Upper Nevis shares have gradually increased in value. Buyers, are now prepared to give 20s 3d, sellers asking 21s 9d. Five and a-half per cent. Soldiers’ Settlement Inscribed Stock is offered at £lOl without a buyer. February 27. —Sales reported: Bank of New Zealand, 595; South British Insurance, 58s; Otago Daily Times, 80s (two sales). February 28.—Sale reported: Bank of Australasia, £l4 19s. March 3. —Sale reported: Wellington Woollen (ord.), &6 2s 6d. The following are Saturday morning’s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of Australasia—Buy £l4 15s. Bank of N.S. Wales—Sel»£47 15s. Bank of New Zealand—Buy 595. Bank of New Zealand (D issue) —Buy 26s 3d. Commercial Bank —Buy 27s Bd. Commercial Bank (new issue)—Buy 7s 2d prem. E.S. and A. Bank—Buy £8 Is. National Bank of N.Z.—Buy £6 18s, sei £6 19s 6d. Union Bank—Sei. £l4 16s 6d. BREWERIES. N.Z. Breweries, Ltd.—Sei 42s 3d. N.Z. Breweries Debent.—Buy 235, sei 23s 6d. Staples’s Brewery—Sei 37s 6d. Ward and Go. —Buy 35s 6d. INSURANCE. National Insurance Co. —Buy 15s sd, sei 15s lOd. N.Z. Insurance Co.—Buy 40s 3d. South British Insurance Co.—Buy 58s, sei 58s 9d. SHIPPING. Huddart, Parker (ord.) —Buy 48s 9d, sei 50s. Huddart. Parker (pref.)—Buy 20s lOd. P. and O. Deferred Stock—Sei £248. COAL. Kaitangata—Sei 3s disc. Pukemiro—Buy 60s. Taupiri Coal (ord.) —Buy 265. Westport Coal Co.—Buy 30s 3d, sei 31s 6d. LOAN AND AGENCY. Goldsbrough, Mort—Buy 48s 9d. National Mortgage (ex div.) —Buy 70s 6d N.Z. Loan and Mercantile (ord.) —Buy Wright, Stephenson (ord.) —Buy 21s. Wright, Stephenson (pref.)—Buy 15s 3d MEAT PRESERVING. Gear Meat Co—Buy 36s 6d, sei 38s 6d. N.Z. Refrigerating (paid)—Sei 15s 9d , „ • Refrigerating (cont.)—Buy 7s 3d, sel 7s 6d. ’ South Frozen Meat (ord.) —Buy 31s *3d. MISCELLANEOUS. British Tobacco—Buy 39s 6d, sel 40s. Brown, Ewing (ord.) —Sel 31s. Bruce Woollen Co.—Buy Us. Crystal Ic e Co. —Buy 20s. D.I.C. (ord.) —Buy 9s 3d prem. D.I.C. (pref.)—Buy 20s 9d. Dominion Investments—Buy 225. Dominion Rubber—Buy 265, sel 345. Donaghy’s Rope and Twine—Buy 33s 9d. Dunedin Stock Exchange Pty.—Sel 80s vd. Eclipse Petrol —Sel 10s. Kaiapoi Woollen (ord.) —Buy 8s 6d. Milburn Lime and Cement—Buy 3?s 9d. Milburn Lime and Cement (new issue) •*-Buy 9a 3d prem..

National Electric —Sel Us 6d. N.Z. Drug Co. (£2 paid)—Sel GBs 6d. N.Z. Express, (ord.) —Buy 20s 6d, sel 225. N.Z. Milk Prods (bonds) —Buy 225. N.Z. Paper Mills (ord.) —Sel 17s. Wellington Woollen (ord.) —Buy £6, Sel £6 ss. Wilsons (N.Z.) Cement—Buy 37s 3d, sel 38s. MINING.. Kawarau G.M. Co.—Sel Is. Nokomai Sluicing—Sel 345. Waihi—Buy 9s 9d, sel 10s 6d. Waihi Grand Junction—Sel Is 6d Electrolytic Zinc (pref.)—Buy 31s 4d, sel 32s 6d. Electrolytic Zinc (ord.)—Buy 30s, ael 31s 6d. Mount Lyell—Buy 29s 9d, sel 30s 9d. Mount Isa—Buy 26s 6d. Molyneux Electric—Sel 15s. Upper Nevis—Buy 20s. Big Beach—Sel 17s 6d. WAR BONDS. 4| per cent Bonds, 1938—Buy £97 4| per cent. Bonds. 1939—8uy £97’ 4| per cent. Inscribed, 1938—Buy £97 4| per cent. Inscribed. 1939—8uv £97* Sel £lOl 2s D 6d S ° ldiers ’ f nscr ibed, 1933— Buy £9B 5e eDt ’ P ° stal Inscribed > 1929— 5J per cent. Bonds, 1930—Buy £9B 54 per cent. Bonds, 1936—8uy £lOO 15s. NORTHERN EXCHANGES. The following business was done on on Changes during the week:— 194n UC #o a K per of 4 fi°H- £ qf o£ Anstr akasia, £l5 Gas 22s t 3d dai ’ d Insurance > 64s J Auckland BaTi n 6 g #s7d Sale reP ° rted: Nati ° nal rCkrisfchurch.—,Sales: Commercial Bank A UStral ? a ’ nr 7s 8d (three parcels) ; Goldsbrough, Mort, 49s 4d. Sales re27srt9d;. S°( nn } ercial , Rank of Australia, r.: (1930) Ct £%c a,eS: r armers Co-op. Auctioneering (A nref 1 X . 6s: , Hikurangi Coal (A pref.), 6 S P 6d; Auckland Gas 22s -3d ■ Taranaki Oil 10s; BdTwaihi, ife. 1155 tuCkv ShGt (2S Pd ’ ) ’ Wellington.—Sales reported : 44 per cent. Inscribed, Stock (1938), £97 ss; Bank of Australasia, £l5 Is (cum div) Christchurch.—Sales on ’Change: Commercial Bank of Australia, 27s 9d (two parcals), 27s lOd (four parcels), 27s lid; Australian, Bank of Commerce, 345; Enghsh, Scottish, and Australian Bank, £8 (two parcels); Tooth’s Brewery, 46s 4d • Beath and Co., 335. Sales reported: per cent. New Zealand Government Bonds (1933), £lOO 10s; Commercial Bank of Australia, 27s lOd; English, Scottish, and Australian Bank, £8; Auckland Gas, 22s 3d. , , , Thursday. Auckland. —Sales: Bank of New South Wales, £47 2s 6d; Sandford. Ltd., 19s 9d; Union Oil, Soap, and Candle, 41s. Wellington.—Sales reported: 54 per cent, bonds, 1933, £lOO 15s; Bank of New £j a^, ud g 19s Staples’s Brewery,

Christchurch.—Sales: Australian Bank of Commerce, 345; E.S. and A. Bank, £8 0s 6d: New Zealand Government 5 per cent, Inscribed Stock, 1929, £99; 54 per cent. Inscribed Stock, 1936, £101; Bank of New Zealand, 59s 3d; New Zealand Breweries, 42s 6d (two parcels); Staples’s Brewery, 37s 4d. Sales reported: 54 per io9o Zealand Government Bonds, 1933, £lOO las; Commercial Bank of Australia, 27s lid; Bank of New South Wa!es £47 2s 6d; Staples’s Brewery, 37s 4d.

Auckland.—Sales: per cent. War Loan (1939), £97 15s; Commercial Bank of Australia, 28s; South British Insurance 58s 3d; Taupiri Coal, 265; Devonport Steam Ferry, 24s 9d. Wellington.—Sales reported; New Zealand Insurance. £2 0s 9d; Bank of New Z^aland, £2 19s 3d; New Zealand Loan and Mercantile Agency, £97 10s; Huddart, -Parker (ord.), £2 9s 3d (cum div.). Christchurch.—Sales on Change; Dalgety and Co. (Melbourne register), £l3 15 S; Huddart, Parker (cum dix), 49s 3d (two parcels); Union Steam (pref.) 20s Id - New Zealand Refrigerating (cent.), 7s 4d. Sales reported: Bank of Australasia (cum div.), £l5 2s 6d; National Bank of Australasia (£5 pd.), £8 19s ; Huddart, Parker 49s 3d. . ~ , Saturday. Auckland.—Sales: Bank of Australia, £l4 14s; South .British Insurance, 58s 3d; Farmers’ Co-operative Auctioneering (B pref), 14s 9d; New Waiotahi (cont.), 7d. Christchurch.—Sales on ’Change; Bank of Adelaide, £9 ss; Staple’s Brewery, 37s 4d; Tooth’s Brewery, 47s (two parcels); Colonial Sugar, £5B; Mount Lyell. 30s. Sales reported: Commercial Bank of Australia, 27s lOd (two parcel); New Zealand Insurance, 41s.