COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 494, 1 July 1932, Page 8

COMMERCIAL.

Quotations on Stock Exchange. CHRISTCHURCH. Sales on ’Change. Comm. Bank ol’ Aust., 14s 2d (a). Bank of New Zealand, -12 s Sd. N.Z. Refrigerating (10s paid), 4s Id. Christchurch Gas, 25s JOd. Christchurch Gas (conti.), 12s 2d. N.Z. Breweries (cum div.), 25s Sd (2). Amalgamated Wireless (contr.), lTs 9d. Golden Point, 6d (2). Golden .Sands (Is paid), Is 7d. King Solomon, is 4d (3). Okarito, 9s 6d (2). Sales Reported. N.Z. Government, 5i p.c. Inscr., Sept., 1937, £IOO 1 Os. N.Z. Refrigerating (10s paid), 4s 3d. Npmber of Shares. 300 Comm. Bank of Australia. 100 Bank of New Zealand. 100 N.Z. Refrigerating. 025 Christchurch (Jfas. • 166 Christchurch Gas (contr.). 200 N.Z. Breweries. 100 Amalgamated Wireless. 100 N.Z. Farmers’ Fertiliser. 1200 Golden Point. 300 Golden Sands. 3 000 King Solomon. 150 Okarito. 2uo N.Z. Refrigerating. £2OO N.Z. Government 5i p.c. inscr., Sept.. 1937.

AUCILAKD BUSINESS. (Special to the “ Star.”) AUCKLAND, July 3. Business on the Stock Exchange has been fairly good over the last twentyfour hours, with a marked preference for Government stocks. Five and a half per cents have sold up to £IOO 10s. and offers of £94 5s for 4£ per cents have failed to bring business. In the banking section, Unions continued to firm up, with buyers at £7. Insurances were steady. Westport Coals were asked for at 11s 9d, and a parcel was available at 12s 6d. Burns, Philp were very firm, and offers of 37s 6d failed to bring any declaration from holders. New Zealajid Refrigerating were in request at 10s 9d for ordinaries and 4s Id for contributing. DAIRY PRODUCE. W. Weddel and Co., Ltd., cabling to A. PI. Turnbull and Co., Ltd., on June 29, advise as follows: Danish butter, 103 s to 102 s; New Zealand finest butter, 97s to 995; "Kangaroo,” 96s to 98s, all per cwt. The butter market is firm. New Zealand Cheese.—White and coloured, 57s to 58s per cwt. The cheese market is firm. The following is a copy of a cable received by Dalgety and Co., Ltd.. Christchurch, from Samuel Page and Son, dated June 30:— Butter. —The market is firm. Danish, in is to 102 s; finest New Zealand, 98s to 100 s: finest Australian, unsalted 90s to 98s. salted 96s to 1 98s; G.A.Q.. 92s to 945. Cheese.—The market is firm. Quotations: New Zealand, white and coloured, 5Ss to 595.

KIXG- SOLOMON DEEP LEAD, LTD. Tlie following is a report on the work done at the mine for the period ended June 25, 1932: Radford’s Section: CO feet of cross putting was done at Radfords. There is a white sand bottom and nice-looking wash of poor gold values. East of the No. 2 drive 192 feet of driving was done. The first 100 feet of this drive was in drift and pug; the next 100 feet was through solid bed rock; at the 200 feet point a change took place and we cut a nice body of wash lying on the white sand bottom. The white sand pitched away underfoot, but there is still wash showing in the drive. Good prospects of gold were taken with the dish, but the depth of water prevents estimating a true value of the wash. A drive was started off the end to the west and connected with the old workings, where a large body of water is lying and will have to be drained, preparatory to going to the dip. The prospect of opening up a field of wash in this section of the mine is good. Dip Section: Fifty feet of driving to the dip was done. There was a fairly heavy wash driven on for the total distance and the prospects of gold at different points were fair. A cross cut was completed for 13 feet. Good looking wash was exposed, showing fair gold values. The place known as the top section is developing a nice body of wash. A considerable amount of driving and cross-cutting has been done to keep on the lead and at time of writing the developing end is showing two feet of a tight wash, totally different from other wash already worked in the mine. The drift overlying the wash is also very tight, with the result that the use of timber is cut down considerably. The locality of this wash is north of the shaft and the direction of the lead is east and heading for the old Winding Creek workings. There is a space for a big field to the east, that is, between the present working face and the Winding Creek workings. MAEAXIFAWA GOLDFIELDS, LTD, The mine manager of Maliakipawa Goldfields, Ltd., reports for the week ended June 28 as follows: North Face—Advanced J 4ft making a total of 9 4ft north of shaft cross-cut. Appearance of blue wash improved, and contains large boulders. Prospects taken on west side, poor grade but those on east side of drive consistently fairf grade. About 18in of bottom rock show-" ing on east side with tendency to be lower on this side. No. 6 West Cross-cut—Advanced 6ft total IGft west of south drive. The limber here was standing low and difficulty has been experienced in getting a start. The bottom rock is hard on the north side, and here the wash is above, the back laths. On the south side the bottom rock is soft and some 3ft of fair grade wash is showing. Much water is issuing from the back of this cross-cut at this point. Blocking south of No. 6 west crosscut to No. 7 west cross-cut is in good grade wash and the wash appears to be continuing to the west. Blocking south of No. S east crosscut now in poor grade wash and south of No. 7 east cross-cut in fair grade wash. Return on June 24, 270 z gold (alluvial). Sale of New Purniture. Messrs C. E. Jones, Ltd., report having held a successful sale in their rooms, \'o. 174 Manchester Street, of furniture, being the stock of a furniture firm in liquidation. There was a large attendance of the public, and among the articles sold the following prices were realised:—Bedroom suites, £39, £37 10s, £22 10s and £l7; couch and two chairs, £l6 5s and £l4 15s; chesterfield suite, £l4 ss; dressing tables, £4, £4 10s, £4 10s and £3 12s 6d; two occasional tables, £6 ; bedroom suites, £l6 and £l2 12s 6d; chesterfield, £7; buffets, £6 5s and £6 1.55; part bedroom suite, £l3 10s; sideboard, £6 10s; wardrobe. £6; 24yds runner, £7; chairs, £4 os, £3 2s 6d, £4 ss, £3 12s Gd, £3 7s 6d and £3 2s 6d: ottomans, £5 10s, £2 7s 6d, £2 12s 6d and £2 12s 6d ; cabinet. £5; settee, £3 17s 6d; two pairs twin bedsteads, £l2; table, £3 15s; two toilet chairs, £3 10s; iron safe, £l2; office sundries, £3. 6

Following are to-day s 1UO rations — Riivpi s. Sellei s. cl. £ d. N.Z. GOVT. STOCK4i p.c. Inscr.. 1 93S and 1939 .... 9 4 0 4-1. p.c. Bonds, 1938 and 1939 94 52 p.c. Inscr.. 1931 10!) 0 oi p.c. Inscr., 1937 10 5J p.c. Inscr., 1933 98 ir> 5:1 P-c. Inscr., 1934 98 n 52 p.c. Inscr. and Bonds, 1933 100 0 52 p.c. Inscr. and Bonds, 1936. and Inscr., Feb. and Sept., 1937, and Bonds, Feb., 1937 100 6 52 p.c. Bonds, Sept., 193 7 .... 100 100 12 6 OTHER DEBENTURES'North Canterbury Hospital, 52 p.c.. Oct., 1932 102 0 South Canterbury Electric, o-j p.c.. 1947 0 Ashburton Electric 52 p.c., 1924 . . . 100 0 0 BANKSComm. of Aust. 0 14 0 14 (pref.) 6 12 1 1 E. S. and A IS 0 4 0 Natl. of A asia (El 0 paid) .... 10 10 0 12 0 0 Natl. of A’asia (£5 paid) .... 0 Natl, of New Zealand (cum div.) J 2 6 12 6 New Zealand .... 7 New Zealand (“D" Mort. shares) . . Union of Aust. . . 0 0 0 1NSURANCE— New Zealand .... 1 17 3 1 18 South British .... 11 0 Standard 19 0 LOAN AND AGENCY— Dalgety and Co. . 7 0 0 Goldsbrough Mort (ex div.) .... 9 X.Z. Guarantee Corpn. United Building Societj0 14 4 0 14 G SHIPPING— Iluddart - Parker Huddnrt - Parker (prel.) 0 P. and O. Deferred Stock . . 0 16 0 FROZEN MEAT— N.Z. Refrig. (£1 paid) 10 N.Z. Ref rig. (2 0s paid) 0 4 1 0 4 COAL— Westport 0 12 6 n Stockton (ord.) . . 0 Stockton (pref.) . 0 0 7 GAS— Auckland Christchurch 1 1 Christchurch (10s paid) .... 0 1 2 BREWERIES— Carlton 1 New Zealand .... 1 l 5 8 Tooths 1 6 1 MISCELLANEOUS— Amalgamated AV ire less (cont.) Australian Distillery 17 0 Australian Glass 1 6 1 17 0 Beath and Co. . . 0 16 l 0 0 British Tooacco (ex div.) .... J l 7 10 Colonial Sugar . . 41 10 0 42 10 0 Dunlop Perdriau Rubber 0 1 I 0 11 9 Electro. Zinc (ord.) 0 10 Electro Zinc (pref.) 19 0 1 0 Henry Jones Coop 1 6 8 6 Herald and Weeklv Times Howard Smith . . 0 Kauri Timber 8 0 Mount Lyell .... 0 17 0 17 N.Z. Farmers* c 0 - op. ( 42 p.c. Stock, 1940) 15 0 0 N.Z. Farmers* Coop. ( 4 2 p.c. Stock, 1945) 37 15 0 N.Z. Farmers’ Fertiliser (c u m div.) 13 0 N.Z. Paper Mills 0 19 Taranaki Oil 0 1 0 Woolworths (N.Z.) % Pref 1 6 1 6 6 Woolworths (N.Z.) (new. fully paid) 1 3 6 Zealandia Soap . . 0 5 0 MINING— Cornish Point .... 0 Golden Dawn .... 0 0 5 Holden Point .... 0 0 52 0 0 Golden Sands <1 s paid) 0 1 King Solomon . . 0 1 Mahakipawa .... 0 0 0 M a h a k i p a w a <pref.) 0 0 Paddy s Point .... 0 4 0 Okarito 0 9 Walhi 0 1 4 6 Ntaihi Grand Junetion 0 6 Blackwater 6 VVaitahu 2d disc. Id prem.