DOMINION-ITEMS.

Hokitika Guardian, 16 October 1924, Page 4

DOMINION-ITEMS.

[llY TELEGRAPH —I'M MESS ASSOCIATION,

INVESTMENT MARKET. WELLINGTON, Oct. H

For two days in succession no -sales were reported on the Wellington Stock Exchange, and business is reported quiet. Prices, however, show no setliaek. On the contrary, there is a tendemy to linn with some groups, notably meal shares. New Zealand Refrigerating shares are Oil and 3d higher for the respective issues, Gear Meat shares 3d higher, and Meat Export shares (72s (id paid) Is higher. Tim1m shares are also very linn, and display a risiiig tendency. Government •stocks and bonds are quiet, with very little business offering. Bank shares, which were such strong favourites a few weeks ago. seem now to be neglected. It is probable that money for stock exchange investment is becoming scarce, for there is now considerable competition for funds. The Government is selling over the counter of per cent, debentures, with varying currencies from 5.1 to ”5 years. The Guarantee Corporation’s additional capital of £50.000 lias been fully subscribed. This concent paid S per cent, on its first year’s working.

PRINCE IN CHICAGO. VANCOUVER, Oct. 13. The Prince of Wales arrived in Chicago this morning. He visited the stock yards.

TV AI Iv A R EMO AN A POWER. WELLINGTON, Oct. 14. To a Gisborne deputation that waited upon him to-day the lion J. G. Coates (Minister of Public Works) stated that it was estimated that power would be available from the Waikaremoana scheme iibout ]O2B, and if Gisborne wanted the power it would be expected to lake 3500 k.w.’s a year. The first unit to be established at Waikaremoana would be a double one representing 20.000-h.p. 'flic Government would erect the Jr.'lnSmission line to a point to lie mutually arranged as near the centre of gravity of the load as possible. The cost of tiie current would be:'For the first 209 lc.w’s., £10; for thc_ next ■!S00 k.w’s C 3; and after that £7. TONGARIRO PARK. WELLINGTON, Oct. 14. * Cabinet lias approved Die grant of a subsidy'of £3OOO for Tongariro National Park for general purposes. _ An amount of £IOO is being contributed by the Wellington and Auckland City Councils, and also by the Bruce trustees.- V.