COMMERCIAL ITEMS

Dominion, Volume 11, Issue 114, 31 January 1918, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's Quotations for investment shares were as follow:— Buyers. Sellers. £ s. d. £ s. d. Bank N.Z. (old) 12 5 0 12 7 6 Bank N.Z. (new) 17 5 0 - Union Bank 55 0 0 — Well. Deposit 0 6 9 - Well. Gas. (£10) - 12 0 0 National Insurance 3 0 0 . - N.Z. Insuranca 8 4 0 — 8.8. Insuranoo 6 0 0 — Huddart-Parker (ord.) ... - 115 3 Union Steam (pref.) 113 119 Kaiapoi Woollen (ord.) 7 0 0 Well. Woollen (ord.) 6 15 0 - Well. Woollen (pref.) 4 3 6 - . Westport Coal 110 9 111 6 Waipn Collierv — 015 3 N.Z. Paper Mills 0 19 0 019 9 Sharland's (ord.) 17 6 — Customs duty collected at the port of Wellington yesterday amounted to £2333 3s. 7d. •MINING NEWS WELLINGTON SHAIUS MARKET. The quotations yesterday for mining shares were as under:— Buyers. . Sellers. £ e. d. £ s. d New Sylvia- 0 12 — Talisman — 0 11 0 Grand Junction 0 15 9 STOCK EXCHANGE. By Telegra.ph.--i > ves« Association. Chrlstchurch, January 30. Sale reported.-Whitcoinbu and Tombs, | £5 16s. 6d. I BLACKWATER REEF DEVELOPMENT. | Reefton, January 30. There has been an important devclopI ment in the North Blackwater (Zieman's I Syndicate). The main shaft has been completed to a depth of 1360 feet. Cross-cut-I ting has commenced at this depth and will intersect the well-known Blackwater lino of reef. An eighteen-fect leader si* inches wide, showing visible gold, was cut at 119 feet. A strong well-defined reef, 16 inches >vide was passed. Four assays of tho stone from the reef give a satisfactory average— loz. 14dwt. 14gr. of gold to the ton. Crosscutting _is still in progress to intersect the main Blackwater reef, which is expected to be met within a total distance of 300 feet from the. shaft. ■ The development is the most important on the field for several yoars. SYLVIA REEFS, LTD. The mine manager reports as under for tho week to January 26:-"Thc drive on tho reef north of the main crosscut was advanced 17 feot, A fault has been met with and tho reef haa faulted. We are crosßcutting in the footwnll and are in 6 feot. In the south end stoping has been carried out on the main reef and H.W reef, the ore being fairly well mineralised In eaoh.