SOUTHERN EXCHANGES

Sun (Auckland), Volume I, Issue 188, 29 October 1927, Page 12

SOUTHERN EXCHANGES

YESTERDAY’S SALES Press Association. Wellington.—Union Bank (fractions), 9s, 9s 3d; Queensland Insurance, 55s 9d, 565: Canterbury Frozen Meat, £7 16s 6d. Christchurch. —New Zealand Government Inscribed Stock, 5J per cent., 1933, £lOl 7s 6d; Bank of New Zealand, 58s (two): Commercial Bank of Australia, 28s lOd: National Bank of Australasia (£5 paid, cum. div.), £8 14s; Union Bank (rights), 545, 535, 525, 51s 6d; Union Bank (fractions), 9s 6d, 9s 3d (two); Dalgety and Company (new), £l3; Christchurch Gas, 23s 3d (two); Staples’ Brewery, 38s 6d. Dunedin.—Union Bank (fractions), 9s (three); Staples’ Brewery, 395. London Tallow Markets.—Under date October 26 the LontTon Office of the New Zealand Loan and Mercantile Agency Co., Ltd., quote c.i.f. and e. values for tallow as follows:—Fine mutton, 38s a cwt.: good beef, 40s; mixed, 38s 6d.

HAURAKI-ALASKA MINES. The first annual meeting of shareholders in the Hauraki-Alaska Gold Mining Company was held yesterday. It was stated that four assays of one section to be worked had shown an average yield of 30s a ton. Directors were elected as follows: —Messrs. F. Restall, A. Burt, L. V. Ellis, E. W. Inder, A. A. Gray and G. A. Lee. The Hauraki-Alaska Company was formed this year with the object of working low grade deposits by new methods at Xeavesville, Thames. The captial of £15,000 is in shares of one shilling each. The intention is to use machinery similar to that operating in the Alaska-Junean mine, Alaska. This company has worked ore worth only 3s Sd a ton and has claimed to have derived a profit of s£d a ton..