COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 191, 13 August 1931, Page 6

COMMERCIAL.

Stock Exchange. CH RI arc H U RCJH Following are to-day's quotations:—

Sales on 'Change.—King Solomon Mining, 2s 3d; Golden Point (Is paid), I Is 4d (2 parcels). Sales Reported.—Mount Lyell, 16s lid. Number of Shares. 300 King Solomon. 600 Golden Point (Is paid). 100 Mount Lyell. AUCKLAND BUSINESS. (Special to the ** Star.”) AUCKLAND, August 13. In the business recorded at the Stock Exchange this morning the banking section did not secure its usual share, and at the fresh bidding there was again a quiet tone. Quotations showed little alteration, but English and Scottish were offered 2s cheaper at 78s. Loan and Mercantile scrip was offered at 10s lower, £47 10s, but a buyer dropped back to £43. After a sale of Moturoa Oils yesterday at 6s, the highest bidder stopped at ss. A buyer came* in for Wellington Woollen at 82s 6d. In Government Stocks, a parcel of 4J per cents was on offer at £IOO ss, and one of . Inscribed at par. MINING. (Special to the “ Star.”) DUNEDIN, August 13. : The Golden Progress mine from May ! 2 to July 30 has won 655 ounces* of j gold of an approximate value of £2620. The mine is still crushing quarts of 1 high value.

OKABITO DREDGE. Advice received from Okarilo FiveMile Beach Gold Dredging Co., Ltd., under date August 11. stated that there would be no published return this week as the dredge. w;ls stopped for practically the whole of last week while a section of the main pipe line, was dismantled and re-laid nearer the dredge paddock. During the stoppage certain minor repairs were carried out to the winches. A telegram received from the company’s engineer advises that the dredge started again this morning. CORNISH POINT GOLD MINE. Tn regard to the Cornish Point Gold Mines, Ltd., the following report from the mine has come to hand:—“Since wiring you in regard to cross-cutting, 1 have opened up in the main drive to prove the width of the gutter and have driven 4ft 6in north-west where the bottom started to rise. As we continued driving the bottom gradually rose to the top of the drive, there being no payable wash. 1 have now started driving ahead east and west. The bottom is starting to go flat and may take a dip, so I will carry on. The wash is looking a bit better.” LONDON TALLOW MARKET. The Bank of New Zealand has received the following advice from its London office, dated August 12:— Tallow.—The demand is poor. Current quotations: Good mutton. 20w fid to 21s; good beef. 20s to 20s Cd; good mixed, 20s to 20s 6d; gut, 15s to 17s. all per cwt. DAIRY PRODUCE. The New Zealand Loan and Mercantile Agency Co.. Ltd., Christchurch, have received a cablegram from London giving Augu fo t n ?* Win S information, under date New Zealand Duirv Produce.—Butt,.114 s; cheese, white fils to 62s ,-o'oir■, - G3s per cwt. The market is firm.

r^'d. Sellers. i s. d. N. 4 £. GOVT. STOCK— p.c. Tnscr., 1938 .99 0 0 99 17 C 4 i 2:5 Bond": ?SiS ll p.c. Inscr., 1933 2 o° 98 17 6 i pc Bonde 99 P-c- lnscr..’ 1936 99 p.c. Bonds, 193 6 99 ,! • 15 0 p.c. Inscr., 1937 100 p.c. Bonds, 1937 100 NKS— omm. of Aust. . 0 0 U 02 0 0 i» 13. c 0 0 13 3 0 13 5 Com in. of Ausl. (l> ref.) 5 7 6 5 12 0 3 16 0 New 3 10 0 Zealand 3 14 r, 3 19 0 N ft ew South Wales (cum d 1 v.) .... 24 ew Zealand 2 nion of Aust. . . 6 7 6 8 ; 5 2 8 8 6 8 0 INSURANClfi— N?w'Sei,„n d -:::: 0 South British 2 12 7 10 6 2 0 6 LOAN AND AGENCY— Ch’ch Building Society Goldsbrough Mort. 0 N.Z. Guarantee CorUnited Building Society 0 19 12 lu 0 0 19 8 14 r ST T IPPJNG— uddart - Parker (pref.) 0 Deferred 10 ». 6 L nion (pref.) .... o 19 n FROZEN MEAT— N.Z. Refrigerating N.Z. Refrigerating (10s paid) 0 3 l 0 10 S 0 3 4 i Kaiapoi (17 s pd.) 0 5 0 0 7 0 (IAS— iuckiaid rch ..:::: } 4 9 2 0 16 0 BREWERIES— New Zealand .... 1 9 7 1 9 11 Staples Tooths 0 16 6 hi ! MISCE LLANEOU S— Australian Glass 1 2 0 A ustralian Iron and Steel (pref.) Heath and Co. (Is Paid) 0 British Tobacco . 1 Colonial Sugar . . 3 i ? 5‘S 1U.C. (10s paid) . 0 Electrolytic Zinc 13 G0 IS 0 Electrolytic Zinc (pref.) 0 13 0 Henry Jones Coop Kauri Timber .... 0 0 19 0 Howard Smith . . Mount By ell 0 N.Z. Farmers* Co16 9 0 7 4 0 16 11 op. (1st pref.) N.Z. Farmers’ Co2 9 0 1 9 0 1 4 0 op. (6i p.c. stk., 1040) 55 .Z. Farmers’ Coop. ( 6i p.c. stk., 1945) -.. 55 0 0 Whitcombe and Tombs 2 Wilson's Cement 1 10 0 V 1 worths (N.K.) (pref.) 1 3 0 1 5 11 MINING— Cornish Point . . 0 s § 0 0 10 King Solomon . . 0 0 2 2i swers.wv 0 (pref.) -0 Okarito 0 0 Si 9 6 0 10 0 " -ijr'.'ni 0 15 11 3 7 0 3 11 Golden Point <10 id ° 1 3 0 14 uaWn ■ 2 1 li