MINING.

Otago Witness, Issue 3882, 7 August 1928, Page 34

MINING.

THE WEEK’S NEWS.

Operations at the Big Beach Gold Mining Company’s sluicing claim at the •Sugar Loaf suffered interruption some three or four weeks ago through a slip carrying away a portion of the pipe line just across the river. The men have since then been employed in repairing the dhmage and strengthening the anchorage of the bridge that carries the line across to the claim. At the time of the break sluicing was going on steadily, and with satisfactory results. However, it is hoped to resume operations shortly. Some encouraging returns have been Washed up from time to time. As work lias proceeded, these returns, it is understood. will make a tidy sum by the close of the company's financial year next month. Advice has been received that the output of the AA'estport-Stoekton Coa] Company for the month of July was 12,758 tons. DUNEDIN-STOCK EXCHANGE. July 31. —Sales reported: Bank of Australasia. £l4 17s 6d; New Zealand Breweries shares, 44s 6d; New Zealand Breweries debentures. 245. August 1. —Sale: Mahakipawa, 3s sd. August 2. —Sale: Wright, Stephenson, and Co. (pref.), Ife 3d. Sales reported: Milburn Lime and Cement. 32s 9d: (cont.), Ils. August 3. —Sales reported: National Insurance, 16s; Bank of New Zealand, 60s.

August 4.—Sales reported: National Insurance. 16s; 51 per cent. Soldiers’ Inscribed, 1933, £lOl 2s 6d. Friday Afternoon. There has been an appreciable slackening off in business on the Stock Exchange during the past few days. Inquiry for Bank of Australasias has improved _slightly and now stands firm at £l4 17s 6d. Business at this figure has been done during the week. A few days ago inquiry for Bank of New South Wales shares advanced to £5O ss, but the demand has now eased to £5O 2s 6d; with no sellers coming forward. Bank of New Zealands have received a firmer inquiry at GOs, and a transaction has been recorded at this figure. Sellers’ requirements have remained firm in the vicinity of GOs 3d.

E.S. and A. Banks have eased in inquiry to £8 10s ,6d, sellers responding with £8 12s Gd.

Ihe demand for Union Banks has eased to £l4 18s Gd. but sellers have declined to accept less than £l5 2s.

Earlier in the week New Zealand Breweries shares were dealt in at 44s 6d, but inquiry has now advanced to 475, while sellers are asking 48s. The debenture issue has also been the subject of business. two parcels changing hands at 24s Quotations closed with a buyer at 23s lOd, and a seller at 24s Id. Staple's Breweries have been in demand at 36s 9d, sellers replying with 37s 9d.

Business has been transacted in National Insurances at 16s, but the best buying offer has been 15s lid, sellers’ requirements remaining firm at 16s Id. Ordinary Huddart, Parkers have been in stronger demand at 48s 9d, but sellers have been reticent. Preferreds have also received a better inquiry, buyers offering 21s. without response by sellers. Taupiri Coals have been in easier demand at 265, but sellers have not come forward. *

Ihe market for Westports has eased slightly, and though sellers’ requirements have remained steady at 31s, buyers’ best offer is now 30s sd.

Preferred Westpozt-Stocktons have been inquired for at 4s, but sellers have not been interested.

For Dalgety and .Co. shares inquiry has advanced to £l4 15s 6d, sellers now asking half a crown in advance of that figure. Preferred Wright, Stephensons have been dealt in at 16s 3d, quotations closing with buyers offering 16s 2d. Gear Meats have been in demand at 40s. but sellers have not quoted. There has been a slightly better inquiry for contributing New Zealand Refrigeratings, and buyers now offer 8s 7d, sellers replying with 8s 9d. A transaction has been recorded at 8s 6d. Inquiry has been received for New Zealand Drugs at 695, but sellers have not come forward.

Milburn Lime and Cement new issues have been in better demand at 10s 9d, sellers now responding with Ils 6d. A transaction has been recorded at Ils. The old issue has also been dealt in, a parcel changing hands at 32s 9d. - After having advanced to 3s 4d during the week, the inquiry for Mahakipawas has now eased to 3s 2d, sellers asking 3s sd. Business at 3s 5d was recorded earlier ’in the week. Government War Bonds have been in good demand, but sellers have shown no interest. Saturday, Noon. Business in National Insurances at 16s was reported. The closing quotations were close to that figure. A transaction was also reported in 5? per cent. Soldiers’ Inscribed, 1933, at £lOl 2s 6d. Quotations closed with a seller at £lOl se, and no buyers offering. New Zealand Breweries shares continued to advance in inquiry, buyers offering 47s Gd, to which Kellers replied with 48s 9d. Kaitangatas were on offer at 2s discount, but buyers were not interested. Inquiry was re-: ceived for Dalgety and Co. shares at £l4 17s, but sellers did not come forwad. For Eclipse Petrols Ils was offered, without respense by sellers. Government War Bonds remained firm, with few’ sellers quoting. The following are Saturday morning's buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of Australasia—Buy £l4 17s 6d. . Bank of New South Wales—Buy £5O 2s 6d. ' Bank of New Zealand —Buy 60s, sei 60s 3d. Commercial Bank—Buy 29s 9d, sei 30s 3d. K. S. and A. Bank—Buy £8 10s.

National Bank of New Zealand —Buy £7 3s 6d. National Bank of Aust.- (cont.) —Buy £9 4s 6d. Western Australian —Sei £l5 Is 6d. BREWERIES. New Zealand Breweries, Ltd. —Buy 47s Gd. sei 48s 9d. New Zealand Breweries Debentures — Buy 23s lOd. INSURANCE. National Insurance Co. —Buy 15s lid, sei 16. s bl. New Zealand Insurance Co. —Buy 42s 3d. South British Insurance Co. —Buy GOs 3d. SHIPPING Huddart, Parker (ord.) —Buy 48s 6d. Huddart. Parker (pref.)—Buy 21s. P. and O. Deferred Stock—Sei £237. Union Steam Ship (pref.)—Buy 20s 4d. ■ COAL. Kaitangata—Sei 2s dis. Taupiri Coal (ord.) —Buy 265. Westport Coal Co.- —Buy 30s, sei 31s. Westport Stockton (ord.) —Buy 3s Gd. Westport-Stockton (pref.)—Buy 4s Id. LOAN AND AGENCY. Dalgety and Co—Buy £l4 17s. Goldsbrough, Mort —Sei 51s 3d. National Mortgage—Sei 81s. New Zealand Loan and M. (ord.) —Buv £lOB. Perpetual Trustees —Buy 62s 6d. Wright, Stephenson (ord.)- —Buy 23s 3d. Wright. Stephenson (pref.)—Buy IGs 3d, sei 17s. MEAT PRESERVING. - New Zealand Refrigerating (paid) — Buy 18s Gd.

New Zealand Refrigerating (cont.) — Buy 8s 7d. sei Ss 9d. South Frozen Meat (ord.) —Buy 32s 6d. " MISCELLANEOUS. British Tobacco—Buy 42s 3d, sei 43s 6d. Brown, Ewing (pref.)—Buy 20s 3d. Bruce Woollen Co. —Buy 12s 6d, sei 13s Gd. D.I.C. (ord. I —Buy 10s prem. D.I.C. (pref.)—Buy 20s lOd. Dominion Investments—Buy 22s 6d. Dominion Rubber—Buy 245, sei 29s 6d. Donaghy's Rope and Twine—Buy 32s Gd. Dunedin-Kaikorai Trams—Buy 325. Eclipse Petrol—Buy Ils. Kaiapoi Woollen (ord.) —Buy 10s. Kaiapoi Woollen (pref.)—Buy 14s Gd. (Milburn Lime and Cement (new issue) —Buy 10s 9d. New Zealand Drug Co. (£2 paid)—Buy 69s. t New Zealand Express (ord.) —Sei 17s 6d. New Zealand Express (pref.)—Buy 15s Gd. sei 18s 6d. New Zealand Guarantee Corp.—-Sei 9s New Zealand Paper Mills (ord.) —Buy 16s 3d. -Otago Daily Times—Sei 795. Smith and Smith (pref.)—Sei 17s 9d. • Whiteombe and Tombs—Buy 71s 6d. MINING. Kawarau Gold Mining Companv—Buy 41d, sei 9d. Waihi—Buy 12s, sei 13s. " Waihi Grand Junction—Sei Is Gd. Electrolytic Zinc (pref.)—Bay 33s 6d, sei 34s 3d. Electrolytic Zine .(ord.) —Buv 32s 9d sei 33 s 3d, . ' Mount Lyell—Buy 35s 4d. sei 35s 9d. Upper Nevis—Sei 4s 9<l. Mahakipawa—Sei 3s 5<T. WAR BONDS. 41 per cent. Bonds, 1930—Buy £9B 10s. 41 per cent. Bonds, 1938—Buy £9B 15s 4J per cent.-Bonds. 1939 —Buv £9B 15s. 54 per cent. Soldiers’ Bonds, 1933—8uy £lOl. J 41 per cent. Inscribed. 1938—Buy £9B 15s. 41 per cent. Inscribed, 1939 —Buy £9B 15s. 5J per cent. Soldiers’ Inscribed, 1933— Sei £lOl ss. 5 per cent. Postal Inscribed, 1929—8uy £9B 10s. 5J per cent. Inscribed Bonds, 1927-41— Buy £9B 10s. 5J per cent. Bonds, 1930—Buy £9B 10s. per cent. Bonds, 1936—8uv £lOl. 51 per cent. Inscribd, 1936 —Sei £lOl. 7s 6d.

NORTHERN EXCHANGES. ■The following business was done on 'Changes during the week:'—

Tuesday. Auckland.—Sales: War Loan (1941), 41 -per cent., £9B 17s Gd; Inscribed Stock (1938), 41 per cent., £99; Commercial Bank of Australia. 30s 6d; National Bank ot New Zealand, £7 4s; Bank of New Zealand, 59s 9d; Auckland Gas, 22s 4d; Leyland O’Brien Timber, 325; New Zealand Breweries, 44s 6d; Wilsons Cement, 38s 6d; Ohinemuri Gold and Silver, 7s; Waihi, 12s 6d.

Wellington.—Sales: Colonial Sugar, £59; Bank of New’ Zealand. 60s. Sales reported: Bank o& New Zealand. 60s; .National Bank, of Australia (£10), £lB 14s 6d; National Bank of Australia (£5), £9 6s 9d; Bank of Australasia (2 par-

cels), £l4 17s Gd; English, Scottish, and Australian Bank, £8 Ils Gd; Bank of New South Wales, £5O; Union Bank (Melbourne register), £l5 6s 6d; Goldsbrough, Mort, and Co. (2 parcels), 51s 3d;- Sharland and Co., 20s. Christchurch.— Sales. Commercial Bank of Australia. 30s 9-1; National .Bank of Australasia (£lO pl.). £lB IGs; National Mortgage, 80s; Electrolytic Zine (ord. cum. div.), 32s I'jd; New Zealand Farmers’ Co-op. (51 per cent, stock, 1935), £B4; Mahakipawa, 3s 3d (2 parcels). Sales reported; National Insurance, 16s; Dalgety and Co.. £l4 15s; Goldsbrough, Mort, 51s 3d: Christchurch Gas (cum. div.), 24s 6d; Ohinemuri Gold and Silver, 7s. Wednesday. Auckland.—Sales: Commercial Bank of Australia, 30s 9d; Bank of New Zealand. GOs; New Zealand Insurance, 435; Huddart, Parker, 495; New Zealand Breweries, 455; Colonial Sugar, £5B 15s; Grey and •Menzies, 10s 2d.

Wellington.—Sales reported: Bank of New Zealand, GOs (two parcels); British Tobacco, 42s Bd. Christchurch.—Sales: Commercial Bank of Australia, 30s 9d; E.S. and A. Bank, £9 10s; Bank of New South Wales, £5O ss; Goldsbrough, Mort, 51s Id (three par l cels), 51s, (two parcels); P. and O. Deferred Stock, £238; Howard Smith, 28s; New Zealand Breweries, 44s 9d; Ward’s Breweries, 40s 3d; Colonial Sugar, £5B 15s; Perdriau Rubber, 34s Gd. Sales reported: Commercial Bank of Australia. 30s 8d; United Building Society, 15s; Canterbury Frozen Meat. £5 3s Gd; New Zealand Breweries, 44s 6d. 44s 9d; Sharland and Co. (ord.), 19s 9d.

Thursday. Auckland.—Sales: Bank of Australasia, £l4 18s; Commercial Bank of Australia, 30s 9d; National Bank of New Zealand, £7 4s Gd; Bank of New Zealand, 60s; Union Bank of Australia, £l5; Auckland Gas, 22s sd; Devonport Steam Ferry, 245; Huddart, Parker, 495; Gear Meat, 40s Gd; Calden Company (paid).

Wellington.—Sales repo»u.-d: 5} per cent. Stock (1930), two parcels," £101; Bank of New Zealand, GOs; Bank of New Zealand (D issue), sliares, 27s'; Union Bank (local register), £l5; Union Bank (Melbourne register), £l5 2s: Wellington Investment, 10s 9d; Gear Meat, 40s Gd. Sale: Huddart, Parker, 495. Christchurch.-—Sales: English, Scottish, and Australian Bank, £8 9s 6d; United Building, 15s; Huddart, Parker, 49s 2d; Mahakipawa, 3s Gd (six parcels). Sales reported: New Zealand Government 41 per cent. Inscribed (1938), £99; Commercial Bank of Australia, 30s 9d (two parcels) ; Union Bank, £l5 (two parcels); Goldsbrough, Mort, 51s; Christchurch Gas (cum div.), 24s Gd; New Zealand Breweries, 45s (three parcels), 45s 3d (two parcels); Waihi, 12s Bd. Friday.

Auckland.—Sales: Inscribed Stock (1936), 5J per cent., £lOl 2s 6d; Auckland Harbour Board (1935), 5 per cent., £96; Commercial Bank of Australia, 30s lOd; National Insurance, 16s; Taupiri Coal, 26s 9d; Colonial Sugar, £5B 10s; Fullers’ Pictures, 20s; Wilson’s Cement, 38s.

, Wellington.—Sales reported: 5.J per cent. Stock (1936), £lOl 2s 6d; Gear Meat, 40s 6d. Christchurch.—Sales: Commercial Bank of Australia (ex div.), 30s-, Bank of New Zealand, GOs; Christchurch Gas (10s paid ex. div.), Ils 9d, Ils lOd; New Zealand Breweries, 48s 3d; Tooth’s Brewery, 45s 4d; Mahakipawa, 3s 3d. Sales reported: New Zealand Government 54 per cent. Bonds (1933), £lOl ss; New Zealand Breweries (bonds), 23s lid; E.S. and A. Bank, £8 10s; New Zealand Breweries, 47s 3d, 47s 6d (two parcels); Colonial Sugar, £5B 7s Gd; National Insurance, 16s. Saturday. Auckland.-—Sales: Electrolytic Zinc (pref.), 33s 9d; Hayward’s Pictures, 20s. Wellington.—Sales reported: Bank of New Zealand, GOs 3d (Two parcels); Wellington Woollen, £6 Ils. Christchurch.—Sales: Australian Bank of Commerce, 33s lid; E. 8. and A. Bank, £8 10s; Union Bank of Australia, £l5 (three parcels); National Insurance, 16s; Goldsbrough, Mort, 50s Gd: Mahakipawa, 3s 3d (four parcels). Sale reported: National Insurance, 16s.