MINING.

Otago Witness, Issue 3889, 25 September 1928, Page 34

MINING.

DUNEDIN STOCK EXCHANGE. Friday Afternoon. A small volume of business has been recorded on the Stock Exchange during the past week. Banking shares as a whole have met with fair demand, but sales have been few. Australasias have been dealt in at £l5 Is, but inquiry has remained steady at £l5. For E.S. and A. Banks buyers have been prepared to give £8 15s, but the demand has eased again to £8 13s 6d. A transaction has been reported at £8 12s 6d. There has been a steady improvement in the demand for Bank of New South Wales shares, buyers having at one stage offered £5l Since then the demand has ■been slightly easier, and buyers have offered £5O 15s. Business has been done at £5l ss. National Banks have been asked for / at £7 4s, but the inquiry has since eased, and buyers’ latest offer has been £7 3s 6d. A considerable improvement has been recorded in the demand for New Zealand Breweries, buyers’ latest offer having been 535. In reply, sellers have asked 545. A parcel has changed hands at 535. Business has also been done in the debenture issue at 24s 3d. For New Zealand Insurances buyers have offered 44s 6d, but sellers have not shown any interest. The demand for preferred Huddart, Parkers has eased to 20s 6d, no response being received from sellers. Kaitangatas have been on offer at 4s discount, but buyers have not come forward. / , . There has been little or no change in Loan and Agency shares. National Mortgages have been, the subject of business at 82s 6d, but the closing quotations have remained steady at recent values. Paid-up. New Zealand Refrigeratings have changed hands at 19s, no change being recorded in the closing quotations. Southland Frozen Meats have been in demand at 365, but sellers have been silent. A slightly improved inquiry has been received for British Tobaccos, buyers offering 43s 9d. A sale at 445, cum divident, has been reported. Inquiry for Crystal Ices has improved a trifle, buyers having offered 23s 6d. without response by sellers. Buyers have been prepared to give 34s for Milburn Lime and Cements, but sellers have not come forward. Business has been done in New Zealand Sugar of Milks at 2'ss 6d. Buyers closing quotation has been 235, but sellers have refused to accept less than 265. Mount‘Lyells have been in better demand at 355. sellers asking 365. A transaction has been recorded at 35s 6d. For Big Beaches buyers nave been prepared to give 6s 3d, but sellers lowest requirement has been 9s 3d. Kildares have been asked for at 3s, sellers response being 4s. There has been a weak inquiry for " Government War Bonds, and few sellers have come forward. Saturday Noon. No business was reported on the Stock Exchange this morning. E.S. and A. Banks continued to improve in demand, buyers offering £8 15s 6d. Sellers, however, were not interested. There was a sharp rise in National Banks, for which buyers were prepared to give £7 7s. Sellers would not accept less than £7 10s 6d. For New Zealand Breweries shares buyers offered 545, sellers asking 6d in advance of that figure. Queensland Insurances also met with a stronger inquiry, buyers offering 65s without response by sellers. For New Zealand Sugar of Milks buyers offered 255, but sellers did not quote below 28s. The following are Saturday’s buying and selling quotations, which are subject to the usual brokerage:—

BANKING. Bank of Australasia—Buy £l5 Is. Bank of N.S. Wales —Buy £5O 15s. Bank of New Zealand—Buy 61s. Bank of New Zealand (D issue) —Buy 27s 9d. Commercial Bank—Buv 30s Id, sei 30s 7d. E.S. and A. Bank—Buy £8 15s 6d. National Bank of New Zealand—Buy £7 7s. sei £7 10s 6d. Union Bank—Buy £l5 6s. BREWERIES. N.Z. Breweries, Ltd.—Buy 545, sei 54s 6d. . - N.Z. Breweries Debent.—Buy 24s Id. INSURANCE. N.Z. Insurance Co.—Buy 44s 6d. South British Insurance Co.—Sei 63s 6d. Standard Insurance Co. —Buy 645. Queensland Insurance Co.—Buy 655. SHIPPING. Huddart. Parker (pref.)—Buy 20s 9d. P. and O. Deferred Stock—Sei £250. U.S.S. Co. (pref.)—Buy 20s 7d. COAL. Westport Coal Co.—Buy 30s 3d. Westport-Stockton (pref.)—Buy 4s 3d, Sei 5s 6d. LOAN AND AGENCY. -- Dakety and Co.—Buy £l5 Is. Goldsbrough, Mort.—Buy 51s, sei 51s 9d. National Mortgage—Buy 82s 6d.. N.Z. Loan and M. (ord.) —Buy £ll3. Perpetual Trustees—Buy 635. Trustees, Ex. and, Agency—Sei 61s. Wright, Stephenson (pref.)—Buy 16s. MEAT PRESERVING. N.Z. Refrigerating (pd.)—Buy 19s. N.Z. Refrigerating (cont.) —Buy 9s, sei fis 4d. South Frozen Meat (ord.) —Buy 365. MISCELLANEOUS. * Auckland Amusement Park (ord.) —Buy 4s. British Tobacco —Buy 43s 6d. Brown, Ewing (ord.) —Buy 30s 3d. Brown, Ewing (pref J —Buy 20s. Bruce Woollen Co. —Buy 13s 6d. Crystal Ice Co.—Buy 23s 6d. D.I.C. (ord.) —Buy 10s prem. D.I.C. (pref.)—Buy 21s. Donaghy’s Rope and Twine—Buy 33s od. Dunedin-Kaikorai Trams—Buy 325. Kaiapoi Woollen (ord.) —Buy 12s 6d. Milburn Lime and Cement—-Buy 345. Mosgiel Woollen Co.—Buy £7 4s. N.Z. Guarantee Corp.—Buy 8s lid. N.Z. Milk Prods, (debs.) —Buy 21s 9d.

N.Z. Sugar of Milk—Buy 255. sei 28s. Whitcombe and Tombs —Buy 71s. Wilsons (N.Z.) Cement —Buy 38s 6d, sei 39s 6d. MINING. Waihi—Buy 12s 9d. sei 13s 6d. Waihi- Grand Junction —Sei Is 6d. Electrolytic Zinc (pref.)—Buy 33s 6d. Electrolytic Zinc (ord.) —Buy 325. Mount Lyell—Buy 35s 3d, sei 35s lid. Upper Nevis—Buy 3s 9d, sei 6s. Upper Nevis (pref.)—Buy par. Big Beach—Sei 9s 3d. Kildare—Buy 3s, sei 4s. WAR BONDS. 4J per cent. Bonds, 1930—Buy £99 ss. 41 per cent. Bonds, 1939—8uy £99. 51 per cent. Soldiers’ Bonds, 1933—8uy £lOl 2s 6d. 5J per cent. Inscribed Bonds, 1947 —Buy £9B 10s. SALES ON ’CHANGE. The following business was done on Change during the week:— September 19.—Sales reporte: Bank of Australasit, £l5 Is; Mount Lyell, 35s 6d. September 20.—Sale reported: National Mortgage, 82s 6d. September 20.—Sales reported. Bank of New South Wales, £5l ss; New Zealand Breweries shares, 535; New Zealand Sugar of Milk, 25s 6d. September 21. —Sales reported: New Zealand Breweries Debentures, 24s 3d; British Tobacco, 445; New Zealand Refrigerating (paid), 19s.

NORTHERN EXCHANGES.

The following business was done on ’Changes during the week:— Tuesday. Auckland.—Sales: Bank of New Zealland, 61s 3d (two sales); New Zealand Insurance, 44s 6d (two sales); Westport Coal, 30s 6d; Auckland Gas, 23s Id. Wellington.—Sales: National Insurance, 16s sd; British Tobacco, 475. Christchurch.—Sales: New Zealand Government 5 A per cent. Inscribed (1933), £lOl 5s (three parcels); New Zealand Breweries (bonds) , 24s 3d; National Bank of Australasia (£5 paid), £9 12s (two parcels); National Bank of New Zealand, £7 2s 6d; New South Wales Bank, £5l 2s 6d; Union Bank of Australia, £l5 6s 6d; South British Insurance, 62s lid; Goldsbrough, Mort., 51s 4d. Wednesday. Auckland.—Sales: Inscribed • Stock (1933), 5J per cent., £101; Bank of New Zealand, 61s 3d; Loan and Mercantile, £115; Westport-Stockton, 3s 9d; Auckland Gas, 23s Id; Huddart-Parker, 495; Waihi, 12s lOd, 13s; Mount Lyell, 35s 6d. ’ Wellington.—Sales: 5| per cent. Stock (1933), £lOl ss. Sale on ’Change: Westport Coal, 30s 6d. _ Christchurch.—Sales: Christchurch Trams 5£ per cent. (1944), £99 10s; National Bank of Australasia (£lO ~aid), £l9 ss; National Bank of New Zealand, £7 3s 6d; Union Bank, £l5 6s; Dalgety and Co., £l5 2s; New Zealand Refrigerating (£1 paid), 19s 3d (two parcels), 19s 2d; Carlton Brewery. 46s 6d; D.I.C. (10s paid), 21s; Electro Zinc (pref.), 33s 7d; Hayward’s Pictures, 19s 9d; Kaiapoi (7s paid), 3s 9d. Sale reported: HuddartPa*ker, 495.

. , , , „ , „ Thursday. Auckland.—Sales: New Zealand Breweries (deb.), 24s 2d; South British Insurance, 635; Renown Colliers (ord.), 12s 6d; Kaiapoi Woollen (cont.), 3s lOd; New Zealand Breweries, 51s; British Tobacco, 44 n ; ~vw Zealand Refrigerating, 19s 3d. Wellington.—Sales: Wilsons Cement, 395. Sales reported: New Zealand GuarJ-' Or Pf >ra ti° n > 9s Id; Westport Coal, 30s 6d; Staples and Co., 38s 6d; Australian Iron and Steel, 20s 9d; Wilsons Cement, (two parcels), 395. Christchurch.—Sales: New Zealand Government 5J per cent, (insc.), 1933 10 L 5s A, S J per cent - bonds, 1936, £lOl 7s 6d; Christchurch Trams, 51 per cent 1944, £100; National Bank of Australasia (£lO paid), £l9 5s (two parcels); National Mortgage, 83s; Union, Steam (pref.), 20s 8d; New Zealand Refrigeratmg (£1 paid), 19s; New Zealand Breweries, 52s 9d (four parcels); British Tobacco, 44s (five parcels); Waihi, 13s (two parcels); New Zealand Farmers’ Co-op. 6J per cent, stock, 1945, £9O; New Zealand Guarantee Corp., 9s Id Sales reported: Cohimercial Bank of Sydney, £2B; New Zealand Breweries, 52s 9d; New Zealand Farmers’ Co-op. (61 ner cent, stock, 1940), £92. Friday. Auckland. —Sales: Commercial Bank of Australia, 30s sd; English, Scottish, and Australian Bank, £8 16s; National Bank of New Zealand, £7 ss; New Zealand Insurance, 455; Queensland- Insurance, 65s 3d; South British -Insurance, 62s 9dRenown Collieries, 13s; (pref.), 2s 6d-Huddart-Parker, 48s 3d; New Zealand Breweries Shares, 52s 6d; Taranaki Oil, 8s 6d; Whittome Stevenson, 48s; Waihi 12s lOd. Wellington.—Sales: New Zealand Guarantee’ Co-operation (ord.), 9s Id; Australian Iron and Steel (pref.), 20s Bd.. Sales reported: 4J per cent. Stock (1938), £9B 17s 6d; Queensland Insurance, 655. Christchurch. —Sales: Heathcote County 4j (1929), £99; Standard Insurance, 65s 6d; Commercial Bank of Australia, 30a

sd; Bank of New South Wales, £5l ss; National Mortgage, 83s 3d; Staples Brewery, 38s 7d; New Zealand Breiveries, 53s 4d, 53s sd; Staples Brewery, 38s 6d; Tooth s Brewery, 47s 6d; Victoria Nyanza Sugar (cum. div.), 455. Sales reported: Commercial Bank of Australia, 30s 6d; E.S. and A. Bank, £8 16s; National Bank of New Zealand, £7 4s 6d; New Zealand Breweries, 52s 9d. . , , , „ , Saturday. . Auckland.—Sales: South British Insurance, 62s lOd; Abraham and Williams (pret.), 90s. Christchurch.—Sales on ’Change: Bank of New South Wales, £5 ss; South British Insurance, 635; New Zealand Refrigerating (£1 paid), 19s; New Zealand Breweries, 53s 9d; New Zealand Farmers’ Co-op. (64 per cent. Stock, 1940), £92 10s. , Sajes reported: New Zealand Sugar of Milk, 26s 6d (four parcels).