Business Gossip

Sun (Auckland), Volume 1, Issue 103, 22 July 1927, Page 2

Business Gossip

London Produce Values,-* July 20 the London office of £* te Zealand Loan and Mercantile pany Limited cabled as foiw 01 ' Now Zealand butter, lS6s to lMs®v' Zealand cheese. SSs to steady. " Market*

MINING NEWS MAJESTIC.—The manager The drive .south toward tS it non hits been extended 24 fJe? U t? 2*®* the level above, a crosscut will *» *?K*cSZ.« appear 1 in^the HINEMURI.—The manager reum-i. The north face has been eiteS? " feet, making a total from IfivenS St crosscut of 458 feet. Another *s"2?* driving will carry this work opposiuSh l chute of rich ore in the SilversmJ, ht sections. The power board h!2“2*» menced the construction of the tSS" mission line to the mine. The enjJSl council is putting the road in condK to permit of ihe delivery of the power plant at the mine. nev HAURAKI.—The manager reports a, follows: There is now only sft of wan. on the flatsheet at the 400 ft. level a good current of air is travelliST through the level and up the back tra veiling way, which is about I,oooft fr<S." the shaft, and up to the 300 ft. level rw ladders in the travelling way have'b,.?: secured and another dam is being structed and it is expected to close ih. dams to-morrow and hold back the waS. long enough to get to the bottom door., the pump.

SOUTHERN EXCHANGES YESTERDAY’S SALES Wellington.—Bunk of New Zealand. 5Ss 9d (four parcels); New Zealand Breweries, bonds, 23s 9d: Bank of South Wales, £45 ss; Gear Meat, 35s 9d; Holder’s Motor Body, 40s 3d- Tan naki Oil, Ss 2d. Christchurch.—Union Bank (cuttl div.), £ls 11s 6d, £ls 12s: New Zealand Insurance (cum. div.), 39s 6d (two parcels); New Zealand Drug Co., 64s 6d, 64s 9d: Wilsons Cement. 34s 3dMount Lyell, 28s; Waihi, 19s 6d; Grand Junction, Is sd: New Zealand Government, 5 per cent. Inscribed Stock, 192" £99 10s: Bank of New South Waks* £45 2s 6d. ies * Dunedin.—New Zealand Refrigerating (con.), 6s 2d; Kawarau, Is id* Molyneux Electric, 20s; Bank of New Zealand, 58s 9d (two parcels)- New Zealand Drugs (old issue), 64s 6d.