MINING.

Otago Witness, Issue 4039, 11 August 1931, Page 30

MINING.

GOLD EXTRACTION

A NEW PROCESS CLAIMED.

Should large-scale treatment operations on old mining dumps with a new recovery process give the results obtained from experimental tests, a new company, backed by British capital, expects to have a lengthy and profitable future (states the Melbourne Age). Three and a-half years ago Mr V. Nightingale, consulting engineer, set to work in his laboratory at Heidelberg with the object of perfecting a cheaper process for dealing with the extensive dumps in Victoria and New South Wales than the present methods of cyaniding and chlorination. Experiments and research work led to the adoption of electro static and 'electrolytic chemistry. The former Mr Nightingale regards as a new discovery. A small plant was installed and treated 30 tons of material from the Bethanga dump, containing refractoryminerals, and sJoz of gold was separated. A new company, Electrolytic Gold Pty., Ltd., was then formed, with a nominal capital of £20,000 in shares of £1 each, and 15,000 shares were taken by a strong English company, 5000 shares being held in reserve A second company, Electrolytic Gold Pty. (Overseas), Ltd., was also formed, and has applied for patents in other gold-producing countries. Stawell is regarded by the Australian • company as offering the greatest opportunity for the commercial plant. The Magdalla-cum-Moonligbt dump there contains over 200,000 tons of tailings. The plant to be installed will deal with 1000 tons of tailings per week. The successful treatment of each dump, it is asserted, will require much technique. A feature of the process is that it is a straight flow, and the machine does not interrupt the stream of operation. Should the plant prove that the dumps can be profitably treated, a new era in mining will be opened up. The claim is made that the process will definitely treat arsenical pyrites, antimony ores and sulphide ores. Furthermore, should recoveries be improved, gold mines that have been barely payable could be reopened, as working costs now are lower.

CENTRAL OTAGO. * Work is proceeding steadily in the Cornish Point Mine, the pumping plant doing | .splendid work. The drive is being 'steadily extended into the flat, where it | is anticipated the gutter will widen out. < At present it is somewhat narrow. A well-known mining man from Dunedin has pegged out mining areas near Cromwell. It is reported that his activities are on behalf of a Christchurch syndicate. One of the areas is on the bank of the Kawarau, towards the golf links. The theory has for years been held that from' this point a deep lead extends through the Cromwell flat to a point near Kawarau Gorge. LAWRENCE. The increased interest in mining is re fleeted in the returns lodged at the local Warden’s Court. In 1930 the mining registrar received seven applications. For the year 1931 to end of July 31, the num her of applications received in respect oi mining in its different phases was 34. Of this total 14 were received during July Considerable attention is being attracted in local mining circles by the prospecting work being carried out by the Golden Crescent Sluicing Company in the cement deposits on its claim at Wetherstones There is hardly any ground in the dis trict where cement deposits are known to exist that has not been pegged out, and water races have also been pegged out in anticipation of there being a big demand for water. At the last meeting of the Borough Council an application was made for a pipe line to take water to an area <>f ground when it is proposed to commence operations at an early date. It is in teresting to note that several of the applications that have been received at the Warden’s Court are for claims where work has been discontinued for a number of years. Those associated with mining locally are very sanguine that the district will experience a mining revival, if the necessary capital can be obtained to put on up-to-date plant with which to work the cement at a minimum cost. GOLD REEF FOUND. A party of Maoris working near Tapu made an encouraging find of gold last week. The party, which has been working about the Black Swan claim, made several attempts to follow a two-foo't leader which had been previously worked, but in each case lost the run, and the men were on the point of ceasing work when they decided to consult an experienced miner, Mr M‘Donald, who was driving on the Royal claim close by. As the result of his advice, a start was made some distance up the hill above the previous workings, and soon after operations bad commenced, the cap of the reef was found and a sackful of good stone was recovered. This was taken to Mr M'Donald’s plant and returned more than half an ounce to the dish. The party was later successful in driving and locating the reef, which is about four feet wide, and in a short distance it showed every sign of functioning with the old Fluke reef, which yielded a good return when worked over 30 years ago. The present stone is carrying excellent values all along. A syndicate was formed in Thames and an offer was made to the Maoris of either a sale or the provision of capital, but the Maoris decided to continue until they had proved the values. CORNISH POINT GOLD MINING COMPANY, LTD. The mine manager of the Cornish Point Gold Mining Company, Ltd., reports under date July 31: — We have driven a distance of 16ft for the week ended July 31 for a return of lldwt 12gr. There was a good face of wash for a start, but after we had driven Bft the bottom rose to halfway up the face, and at 16ft it cut out altogether w-ith a high reef swinging to the left and a gutter 2ft wide containing 18in of wash on the left of the drive. We have been three days blasting rock to obtain the

necessary fall for the water. At the present time there is every indication of the bottom dipping again and swinging to the right, but if we do not get through the high bar in another 10ft or 12ft 1 intend to crosscut about 25ft. back from the face. I have put on two extra men to try and get on as quickly as possible, but if the rock continues I shall discharge them.

KING SOLOMON MINE. INVERCARGILL. August 7. The mine manager of the King Solomon Deep Lead, Ltd., reports that the washup for last week totalled 240 z Bdwt. The following report Jias been received from the secretary of King Solomon Deep Lead. Ltd.: — The work at the mine for the two weeks ended July 31 has been confined to driving south towards Radford’s bore and the development of the No. 2 drive. Two men were engaged in blocking out. Main South Drive. —Fifty feet of driving has been completed for the period, making a total distance of 60ft from the branch drive. This drive is being directed towards the rich bore hole located in Radford’s garden. In the first portion of this drive sand and drift had a heavy pitch to the south, and rapidly passed through the drive. A change has now taken place, the lay of the gravels lifting towards the direction being driven. No. 2 Drive.—This drive has been extended 50ft, making the total distance 152 ft. The drive was in silt and had to be breasted. Wash-carrying gold is now coming in along the back. As already reported, the extension of this drive is necessary for the drainage of the section to the north-west, which is now lying idle The shaft landing brace and hopper are nearing completion, and the pipes for bringing in the Winding Creek water are now at the mine. The weather conditions are hampering the finishing off of this work.

KAWARAU GOLD MINING COMPANY. The half-yearly report of the directors of the Kawarau Gold Mining Company, Ltd., states that the negotiaitons for amalgamation with claimholders have been concluded. and the new amalgamated company has actually been registered. Continuous difficulties arose from time to time in connection with the amalgamation, and it was not until May 15. 1931, that a final agreement was reached between the directors and the trustees for the new company. This agreement was the outcome of a conference of the directors and the trustees, who came to Dunedin for the purpose of endeavouring to finalise the amalgamation scheme. On account of the long delays and the consequent diminution of the company’s funds, the Kawarau Company was not in a position to hand over to the new amalgamated company as much money as had been counted on when the preliminary agreement was entered into. The position was aggravated by heavy claims being made against the Kawarau Company by the Southlnd Hospital Board and by the Cromwell Development Company. Ltd., and these claims had not been foreseen when the preliminary agreement was made. As a result of this it became necessary for certain modifications to the preliminary’ agreement to be settled by the directors and the trustees. An agreement on these was finally reached by’ which provision was made for the payment out of the deposit of £10.009 with the Public Trustee of the claims of the Southland Hospital Board and the Cromwell Development Company. Ltd., for the payment to the Kawarau Company of sufficient to settle its remaining debts and estimated liquidation expenses, and for the balance of the deposit to be made available for the new amalgamated company whenever it became entitled to commence business. Shareholders would notice from the balance sheet that a total of £5500 had already been withdrawn from the deposit with the Public Trustee. In February of this year the sum of £5OOO was obtained for the purpose of discharging the company’s debts incurred on claimholders’ account. Previous to this a payment of £5OO had been made to the solicitors for the trustees for the amalgamation as a contribution towards the expenses in connection with the promotion of the amalgamation and the formation of the new company. These payments were made under the provisions of the preliminary agreement for amalgamation. As soon as the new company is entitled to commence business and has adopted the amalgamation agreement with the modifications mentioned above an assignment will be made by the Kawarau Company of all its assets to the new amalgamated company. When this has been done and when all the company’s debts have been discharged the Kawarau Company will be in a position to liquidate. In consideration of the assignment of its assets the Kawarau Company will obtain a oneninth interest in the new company in fully-paid shares, and these shares in the new company- will be distributed to the present members of the company in proportion to their holdings. The present shareholders of the Kawarau Company will thus be absorbed by the new amalgamated company. The policy of the new company will be determined by its directors, but it is understood that their present intention is to secure the report of Professor Hornell,

and the publication of the contents of this report will be awaited with interest. SOUTH ISLAND RETURNS. Following is a list of the returns tupplied from three of the South Island mining ventures during the present year: — Mahakipawa.—First return, 270 z (10 days) ; second return, 930 z (three weeks).; third return, 1790 z (four weeks) ; fourth return, 141 oz (four weeks); fifth return. 1390 z (four weeks) : sixth return, 2160 z (four weeks) ; seventh return, 2210 z (four weeks) ; total, 1016 oz at £4 14s 6d per oz, £4BOO 12s. King Solomon. —First return, 19oz (one week); second return, 30oz (one week); third return, 740 z (one week) ; fourth return, 115 oz (one week); fifth return, lOOoz (one week) ; sixth return, 90oz (four days) ; seventh return, 590 z (one week’s development work); eighth return, 320 z (development work); ninth return, 28oz (development) ; tenth return, 13oz; total, 5600 z at £4 14s 6d per oz, £2646. Okarito Dredging.—First return, 40oz (72 hours) ; second return, 102 oz (short week); third return. lOOoz (112 hours); fourth return, 61oz (102 hours); fifth return, 91oz (120 hours); sixth return, 88oz (114 hours) ; total. 4820 z at £4 14s 6d per oz, £2277 9s.

GOLDEN POINT REPORT. Two directors and the secretary of the Golden Point Gold Mining Company visited the mine last week, and, in conjunction with the battery manager, made final arrangements for the completion of the battery plant, which should be ready to commence crushing within the next fortnight. The ore from the Bft reef in No. 1 rise is being stoped out for crushing, and the reef lecently intercepted in the new No 3 rise is also being driven on with the object of connecting up the two rises and at the same time providing stone for tne battery. No. 2 crosscut is in 177 feet, and it showed a new reef about two feet in thickness in the face. This reef has not yet been assayed, but it appeared to bo similar stone to the reef above. The wiring of the electrical equipment is nearing completion, and the stand-by alternator is being installed. With the exception of a few small items, which should arrive this week, all the plant is now on the ground, and its erection is near completion.

MAHAKIPAWA GOLDFIELDS. i The following report has been received , from the directors of Mahakipawa Goldfields, Ltd.: — The balance of £5OO outstanding on debentures has now been paid off without the necessity of using the moneys placed on deposit. In addition, the Government subsidy of £2OO, which was granted some time ago for the purpose of deepening the shaft, has now been transferred, with the approval of the Mines Department, to development work in the east and west drives. This sum will be paid to the com panj’ at an early date. As the bonus on a considerable quantity of gold which has been sold to the Commonwealth Bank has not yet been received, the finances of the company are in a very sound position, and the company has a substantial sum in reserve. Two directors of the company recently returned from a visit to the mine, and report that operations at the present time are proving highly satisfactory. Heavy gold is being won, and during the directors’ inspection a nugget just under I Joz was picked out of the sluice boxes. The returns are now being given by’ the mine manager in smelted gold instead of alluvial gold. The estimated returns (on the standard ounce basis), when gold outturned from the bank comes forward, will be about 5 per cent, in excess of the smelted quantity shown in the monthly’ reports. WESTPORT COAL COMPANY. The output from the Westport Coal Company’s mine for the month of July was 65381 tons, compared with 32,133 for July of last year, a decrease of 25,5951 tons. WESTPORT-STOCKTON MINES. The amount of coal taken from the Westport-Stockton Coal Company’s mines during the month of July was 1194 tons. The output for July of last year was 17,077 tons. The decrease is 15,883 tons. MOTUROA OIL FIELDS. The following report was received yesterday by the Dunedin Stock Exchange from I the secretary’ of Moturoa Oil Fields. Ltd . —“ Moturoa No. 2 well was bridged r.l 1500 feet on Saturday. A small quantity of oil appeared on top of the bridge on Saturday afternoon. On Sunday night at 7.30 gas pressure dislodged the bridge, flowing at least 50 barrels of oil from the 20S0 feet level. The control head is now close against a high pressure of inflammable gas. All surface water has been successfully cemented off.” MAHAKIPAWA RETURN. The return for July from Mahakipawa goldfields was 2210 z of melted gold. REPORT FROM OKARITO. The secretary of the Okarito Five Mile Beach Gold Dredging Company, Ltd., reports that 88oz have been obtained during the week ended August 1, for a total dredging time of 114 hours. GOLDEN PROGRESS RETURNS. The secretary of the Golden Progress mine telegraphed last week advising that the second crushing of 220 tons of quartz had yielded 3290 z of retorted gold. NEW PLYMOUTH OIL WELLS. WELLINGTON, August 7. The weekly report of the New Plymouth (N.Z.) Oil Wells, Ltd., for the period ended Au mist 3 states that a depth of 2517, feet has been reached. Reaming has been carried out preparatory to landing the casing before cementing and testing the 2600 feet oil horizon.

—Six seta of twins attend the village school at Howden, East Yorkshire. Four pairs are boys, one pair girls, and the sixth “ mixed.”

THE STOCK EXCHANGE. BUSINESS OF THE WEEK. Friday Afternoon. The following is a list of the sales recorded on the Dunedin Stock Exchange during the past week:— Bank of New Zealand, 48s 9d. Dalgety and Co., £6 10s. Mahakipawa, 74d. Okarito, 10s (four parcels), 9s lid. Paddy’s Point. 4s (four parcels). Cornish Point, 6d, 5d (two parcels). Golden Progress, 27s 6d (two parcels), 265.

King Solomon, 2s 6d (three parcels), 2s 6Jd, 2s 4d (three parcels), 2s 2s (two parcels). 4| per cent. Bonds (1938), £lOO 2s 6d, 4i per cent. Stock (1938), £lOO. 54 per cent. Bonds (1937), £lOO. The mining section has seen considerable activity during the past week, and practically no business has been done in the other departments. Speaking generally, the market has shown a tendency to ease, few stocks showing any signs of improvement.

There was a sale of Bank of New Zealands at 48s 9d, the market closing with a seller at that figure, but buyers would not give more than 48s 3d. Commercial Banks have eased and are now being asked for at 13s, sellers demanding 13s sd. There has been some easing in the demand for National Insurances, the market dosing with a buyer at 12s 6d and a seller at 12s lid. An offer of 25s for P and O. Deferred Stocks failed to attract a seller. Kaitangatas have been on offer at 2s 3d discount for the greater part of the week A buyer came forward at 5s discount and the close of the market found sellers offering the shares at 2s discount with no buyer forward. Dalgetys were dealt in at £6 10s. They were later inquired for at £6 6s, but I sellers failed to come forward. Offers of 3s Id for contributing New Zealand Refrigeratings have found sellers firm at 3s 4d. British Tobaccos, which have had buyers during the week at 235, were wanted at 22s 9d yesterday, sellers remaining firm at 245. Milburn Limes have been on offer at 30s for some time. They are now sought after at 26s with sellers still demanding 30s. New Zealand Breweries have continued to ease. There was an unsupplied buyer at the close of the market at 295. Mount Lyells, which have been on offer for some time at 17s 3d, were asked for recently at 16s, sellers demanding Is more. Mahakipawas commenced the week with a buyer at 6Jd. There was business at 74d, and the close of the market found buyers offering 7d and sellers demanding 2d more. Up to 9£d has been offered for Kildares, but sellers have been unwilling to do business at less than lid. Four parcels of Okaritos were turned over at 10s each, and there was a further sale at 9s lid These shares are now being asked for at 9s lOd with sellers at 10s. Paddy’s Points have continued to im-

prove and four sales have taken place at 4s. The close of the market found buyers quoting 3s lid and sellers asking 4s 3d. Cornish Points were dealt in at 6d, and two sales took place later at sd. Further offers of 4d found sellers firm at 9d. There were two sales of Golden Progress shares at 27s 6d and another parcel was turned over at 265. They were being offered at 28s at the close of’the market, no buyer coming forward. There has been some easing in King Solomons. They were first deal in at 2s 6d. and then at 2s 64d. Further sales took place at 2s 4d, 2s 44d, and 2s. at which figure the demand stood until the close of the market, when there was an unsupplied buyer forward at 2s 4d. There has been a good demand for Government Loans and business has been done in 44 per cent. Bonds and Stock (1938). the ’former being turned over at £lOO 2s Cd and the latter at £lOO. A parce of 54 per cent. Bonds (1937) also changed hands at £lOO. The closing offer for these Bonds was £99 15s, no seller coming forward.

Saturday Morning. There was a sale of Okaritos on the Dunedin Stock Exchange this morning at 9s lOd. and another parrel changed hands at 9s 9d. The latter figure was the best offer at the close of th< market but sellers would not do fuither business at less than 9s Ud. A sale of King Solomons was reported at 2s sd, and further offers of the same figure found sellers firm at 2s 6d. Westport Coals con tiimed in demand at 23s 3d no seller coming forward. Buyers of Milburn Limes were offering 265, but sellers would not accept business at less than 30s. An offer of 22s 3d for Auckland Gas shares failed to attract a seller. Golden Points were inquired -for at Is 3d. the best selling quotation being Is sd. There was little demand for Government loans. The following are Saturdays buying and selling quotations, which are subject to the usual brokerage: — BANKING. Bank of Australasia —Sei £9. Bank of New South Wales —Buy £24. Bank of New Zealand —Sei 48s 6d. Bank of New Zealand (long ”D’ ) — Buy 25s fid. Commercial Bank —Buy 13s, sei 13s Cd. E. S. and A. Bank—Sei 80s. National Bank of New Zealand —Sei 81s. Union Bank —Sei £6 10s. INSURANCE. National Insurance Co.—Sei 13s. New Zealand Insurance Co.—Sei 40s 3d. Standard Insurance Co. —Sei 455. SHIPPING. Huddart, Parker . (pref.)—Sei 18s 3d. P. and Q. -Deferred Stock —Buy 255. Union Steam Ship Co. (pref.)—Buy 19s lOd. COAL. Kaitangata—Sei 2s 3d dis. Westport Coal Co. —Buy 23s 3d. LOAN AND AGENCY. National Mortgage—Sei 465. National Mortgage (“ B ” issue) —Sei 30s. Perpetual Trustees —Buy 595.

Trustees, Ex. and Agency—Buy 58s. Wright, Stephenson (ord.) —Sei 16s 6d.MEAT PRESERVING. New Zealand Refrigerating (cont.)— *• Buy 3s Id, sei 3s 6d. MISCELLANEOUS. D.I.C. (pref.)—Buy 19s 6d. Eclipse Petrol—Sei 10s. Milburn Lime and Cement —Buy 265,> sei 30s. Mosgie] Woollen Co.—Buy £6 Bs. M'Leod Bros.—Buy £l9 10s. New Zealand Drug Co.—Buy 50s 3d,, sei 52s Cd. New Zealand Milk Products (debs.) —- Buy 20s. New Zealand Paper Mills (ord.) —Buy 17s 6d. Otago Daily Times —Sei 51s. Woolworths —Buy 21s. Wilsons (N.Z.) Cement—Buy 355. GAS. Auckland—Buy 22s 3d. Christchurch—Buy 24s 6d. BREWERIES. New Zealand Breweries, Ltd.—Buy 29g 6d, New Zealand Breweries Debent. —Buy 21s. New Zealand Breweries Stock—Buy 21s. MINING. Waihi—Buy 15s, sei 15s 9d. Waihi Grand Junction—Sell 4s 2d. Mount Lyell—Sei 17s 3d. Mahakipawa—Buy 7d. Kildare—Buy 9Jd. sei Is. Okarito—Buy 9s 9d, sei 9s Ud. Paddy’s Point—Buy 3s Ud, sei 4s 2d. Cornish Point (paid)—Buy 4d. Golden Progress—Sei 28s. King Solomon—Buy 2s sd, sei 2s 6d. Golden Point—Buy Is 2d, sei Is sd. Moturoa Oil—Buy 4s, sei 6s. WAR BONDS. 41 per cent. Bonds. 1938—Buy £99 ss. 4J per cent. Bonds, 1939—8uy £99 ss. SALES ON ’CHANGE. ,_The following business was done on Change during the week:— August 4. —Sale reported : King Solonian, 2s 6 Id. August s.—Sales : Okarito, 10s (two); King Solomon, 2s 4d; Golden Progress, 265. Sales reported: Paddy’s Point, 4s (two); Okarito, 10s (two); Mahakipawa, 74d; King Solomon, 2s 4d (after last call, 2s 4d, 2s 44d) ; 44 per cent. Bonds (1938), £lOO 2s fid; 4% per cent. Stock (1938), £100; 54 per cent. Bonds (1937), £lOO. August 6. —Sales : Okarito, 9s Ud; Cornish Point, 6d. 5d (two); King Soloman, 2s. Sales reported:—Standard Insurance, 455. (cum div.); Paddy’s Point, 4s (two); King Solomon, 2s. August 7.—Sale reported : Bank of New Zealand, 48s 9d. August B.—Sales : Okarito, 9s lOd, 9s 9d. ; Sale Reported.—King Solomon, 2s sd. : NORTHERN EXCHANGES i The following business was done on ’Changes during the week:— > Tuesday. Auckland.—Sales: War Bonds (1938) 1 44 per cent., £lOO 7s 6d (two parcels); (1936) 54 per cent., £99 12s 6d; Inscribed • Stock (1927-41) 5.} per cent., £97 10s; Com--1 mercial Bank of Australia, 14s; National 5 Insurance, 12s lid; Auckland Gas, 22s • 8d; Leyland, O'Brien Timber, 21s 9u; Colonial Sugar, £34 ss; King Solomon, ? 2s sd, 2s 54id (three parcels), 2s 6d; t Waihi, 15s 74d: Mount Lyell, 16s 8d; 5 Mount Eden Borough (1961) 5| per cent., t £lOO.

Wellington.—Sales reported: Commercial Bank of Australia (ord.), 14s (cum div., late Monday) ; Okarito Mining. 10s 2d; Mahakipawa Mining. 74d and 73d. Christchurch. —Sales: Bank of Australasia, £8 16s, £8 14s; Commercial Bank of Aust., 13s lOd, 13s 9d; Bank of New South Wales (cum div.),. £24 ss; Bank of New Zealand, 48s 8d; Union Bank of Aust., £6 10s. £6 Us, £6 10s (two parcels) ; New Zealand Breweries, 29s 3d (three parcels), 29s Id, 29s (two parcels), 28s lOd (six parcels); Mount Lyell, Ifis lOd (three parcels) ; King Solomon, 2s 6Ad (two parcels), 2s 6d, 2s 54d (two parcels); Mahakipawa. 74d (three parcels) 7d; Golden Point (Is paid), Is fild, Is 6d (two parcels). Sales reported: Commercial Bank of Aust, (cum div.), 13s Ud; Goldsbrough, Mort. 19s 6d. Wednesday. Auckland. —Sales: Government Bonds (1937). 54 per cent., £100; Bank of New South Wales. £24 10s; Bank of New Zealand, 48s 9d; Taranaki Oil, Is; Waihi Grand Junction. 3s Ud. Wellington.—Sales reported: New Zealand Breweries. £1 8s 9d, £1 8s 3d (two sales), £1 8s 6d (three sales); Commercial Bank of Australia (ord.), 13s 9d. Christchurch.—Sales: Bank of Australasia, £8 12s 6d; Commercial Bank of Australia (cum div.), 13s 9d (two parcels) ; National Bank of New Zealand. £4 2s fid; Bank of New South Wales, £24 ss. £24 7s fid; Bank of New Zealand (cum div.). 48s 7d (two parcels); New Zealand Breweries. 28s 6d (six parcels) ; King Solomon. 2s 5d (two parcels). 2s 4d, 2s 34d. 2s 3d; Mahakipawa. 74d (four parcels) ; Okarito. 10s 2d. 10s Id, 10s (five parcels). Sales reported: New Zealand Breweries, 28s 3d; D.I.C. (ord.), 14s 7d (three parcels). Thursday. Auckland. —Sales: Tamaki West (1959), 5? per cent., £101; Bank of New South Wales, £24 7s 6d; Union Bank, £6 10s; Auckland Gas, 22s 9d; Moturoa Oil, 5s 3d; King Solomon. 2s Id, "s 14d; Waihi, 15s 7d. Wellington.—Sales reported: New Zealand Breweries (two sales), £1 Ss 6d (lata sale Wednesday). £1 8s 6d; New Zealand Government 54 per cent. Bonds (1933), £9B 15s: Bank of New Zealand. £2 Ss 9d: Okarito Goldfields, 10s Id; Union Bank of Australia. £6 10s. Christchurch.—Sales: Commercial Bank of Australia (ex div.), 13s 4d; National Bank of New Zealand, £4 Is 9d; Bank of New South Wales (cum div.). £24 8s; Union Bank of Australia. £6 9s 3d: Goldsbrough. Mort.. 19s 4d (two parcels) : New Zealand Breweries. 28s 6d, 295; British Tobacco. 23s 9d: Whitcombe and Tombs, 52s 9d: CorniJi Point, fid, sd; King Solomon. 2s 2d. 2s 14d. 2s, 2s 04d, 2s Id; Okarito, 9s lOd (two parcels) ; Golden Point (Is paid), Is 5d (three parcels);

Golden Dawn, 5s 7d (two parcels). Sales reported: Goldsbrough. Mort, 19s sd. Friday. Auckland, August 7.—Sales: Tamaki West Road Board (1959) 51 per cent., £101; Bank of New Zealand, 48s 7d, 48s 6d; Union Bank, £6 9s 9d, £6 9s; King Solomon, 2s fid; Waihi, 15s 7d; Mount Lyell, 16s Bd. • Wellington.—Sales reported: Gear Meat Co., £1 6s (latesale Thursday); New Zealand Breweries, £1 8s 9d (two parcels, late sale Thursday); King Solomon Mining, 2s Id (late sale Thursday); New Zealand Government Stock 5} per cent. (1936), £99 10s (two sales); 54 per cent. Bonds (1937), £99 10s; Staples and Co., £1 5s 9d. Christchurch.—Sales: New Zealand Government 54 per cent. Inscribed (1937), £99 12s 6d; New Zealand Government 51 per cent. Bonds (1937), £99 17s 6d (three parcels); National Bank of New Zealand, £3 18s; Bank of New South Wales (cum div.), £24 7s 6d; Bank of New Zealand, 48s 6d (four parcels); Union Bank of Australia, £6 9s. £6 7s 6d (three parcels); Goldsbrough, Mort, 19s 3d; New Zealand Refrigerating (10s paid), 3s Id; New Zealand Breweries. 29s 6d; King Solomon, 2s 2d, 2s 2Jd. 2s 3d (two parcels). 2s 4Jd, 2s 6d; Okarito, 9s lOd, 9s 9d (two parcels), 9s 9d (two parcels): Golden Point (Is paid). Is 4d, Is 3d: Sales reported: Bank of New Zealand, 48s 6d (two parcels); Union Bank of Australia. £6 8s 6d, £6 9s 6d; Tooths Brewery, 16s 7d; British Tobacco, 23s 6d (two parcels); New Zealand Government 5j per cent. Bonds (1933), £99 12s 6d. Saturday Auckland.—Sales: Government Bonds (1933), 54 per cent., £99 15s; South British Insurance, 50s 9d; New Zealand Breweries, 30s; Waihi, 15s 7d. Wellington.—Sales reported: Okarito Gold Mining, 10s (late Friday); New Zealand Breweries, £1 9s 6d. Christchurch. — Sales: Commercial Bank of Australia (pref.), £5 Bs. £5 7s; New Zealand Breweries, 30s; Okarito. 9s 9d; G'olden Point (Is paid). Is 2d (3). Sales reported: Union Bank of Australia (late sale Friday), £6 7s.