TODAY’S QUOTATIONS

Sun (Auckland), Volume III, Issue 795, 16 October 1929, Page 10

TODAY’S QUOTATIONS

TARANAKI OIL COMPANY The Taranaki Oil Fields Company, Limited, reports for week ended October 12: — Gisborne No. 2 well. —Completed driving piles; concrete work well forward. Kotuku No. 1 test hole. —No progress been made; drilling rods fast in hole. LONDON METAL MARKETS Australian and 2i.Z. Press v Association LONDON, Tuesday. (Quotations on October 10 in parentheses) Copper.—Spot, £73 16s lOAfi (£73 12s ♦id): three months, £74 3s 9d (£74 3s Ud). Electrolytic Copper.—Spot, £S4 5s (£S4 6s); three months, £B4 10s (£B4 15s). Wire Bars.— £S4 10s (£S4 15s). bead. —Spot, £23 7s 6d (£23 Gs 3d); three months, £23 Ss 9d (£23 Ss 9d). Spelter.—Spot, €23 5s (£23 7s 6d); three months, £23 15s (£23 15s). Tin.—Spot, £lB9 16s lOfcd (£195 17s • : <1); three months. £194 6s 3d (£2OO Is Silver.—Standard. 23 1-16 d (23 l-16d> an ounce; line, 24 7-Sd (23 3-16 d). MINING NEWS alburn I A.—The manager reports: The drive north on the main Orlando lode fron» crosscut at winze has been extended four feet, a total of 214 feet. The reef here averages 38 Inches wide, but still split up and mixed with mullock. The rise on the cross leader from the drive north on the hangingwall branch the Orlando lode has been risen four feet, a total of 21 feet. The leader here averages eight inches wide, and still carries nice bright mineral blend, in by silver, and silica. Strong colours. **f gold are still seen in the ore. In the ' Whau level the drive hlllward from our | rise, on Sons of Freedom reef, has been cleaned for a total distance of 50 feet. At this point we holed into the crosscut from Sons of Freedom reef to Dixon’s reef, but found the crosscut all broken down and full of mullock and old tim- ' bet*. I have stopped work here, and will start next week to continue driving hill ward on the footwall dropper off Sons > of Freedom reef.

i HIGHER WOOL VALUES j SALES IN AUSTRALIA Australian and F.Z. Press Association ! SYDNEY, Tuesday. At the Sydney wool sales today 9,262 bales were sold. The market was very firm, and competition was keen, with a widening demand for faulty descriptions. Greasy Merino sold to 19£d. It is reported that the Melbourne sales showed a 5 per cent, increase in rates. HIGH PRICES FOR CLYDESDALES Press Association HASTINGS, Tuesday. j For the opening day of the Marae- I kakalio station stud stock dispersal | sales about 150 people were present, j Clydesdales were offered first, and i bidding was spirited for best quality, j For mares prices ranged from 5 guin- i eas to IG2 guineas, the latter price ! being paid by Mr. D. McKenzie (Mas- j terton) for Maraekakaho Lady Meikle. i Prices for fillies ranged from 24 guin- ’ eas to 41 guineas, a Canterbury buyer ! obtaining Maraekakaho Lady Lome at J the latter price. For stallions the top price was 130 guineas, paid by Mr. E. i M. Hutchinson (Gisborne) ‘for the i two-year-old High Tide. I FOREIGN EXCHANGE RATES British Official Wireless ! Itecd. 11 a.m. RUGBY, Tuesday. The following rates on foreign exchanges are current today, compared with those of October 10 and par:—

Closing Quotations at today’s midday Buyer*. Sellers. £ ,d. £ s. d BANKS— Aust. of Commerce . 1 32 0 1 11 ft Adelaide it) 1 0 .Australasia 18 0 34 ft * *om. of Australia . 1 X 1 S G Ditto (pref. > .. .. 0 s .Knar., Scot., Ac Aus. 13 0 8 t National of N.Z. G 14 0 -— Nat. of Australasia (con.) — !) r> 0 New South Wales . 48 17 4!) 2 0 New Zealand .. . . 0 0 0 Ditto (D mort.. 20s paid) 1 .3 s t f nion of Australia. . 11 13 0 1.4 lo 0 INSURANCE— New Zealand •• .. t> G Queensland South British .. . . T.OAN AND AGENCY— Dalgetjf and Co. . 13 13 0 34 ft Oom. Invest. and Banking — 1 3 6 Farmers Co-op. An* IS 4 0 Ditto A (pref.) .. 3 8 0 Ditto (B pret.) .. 0 1 <' ft IS ft <ioldsbrougfi Mort .. 4 4 Newton King .. .. 0 0 •Ditto (pref.) . — 0 3 3 0 N.Z. Guar. Corp (ord.» . . 0 f) 4 Auok. Farmer..' Do-op. (ord> .. . Ditto (B pref.) .. 0 U o — «’OAIv— tlrpy Valley.. .. 1 6 Hikurangt Ditto (pref.) .. .. 4 Ditto A (pref.) .. T'ukemiro 0 Renown ford. > .. .. !•; 1G Ditto (pref.) . . . . 0 0 Ditto (new issue) Taupiri Ditto (pret.) .. .. Waipa N\ estport-Storkton 0 Ditto (pref.) .. .. o •—' GAS— 1 4 X 1 4 10 Ditto (con.) .. .. 0 IS 0 0 IS SHIPPING— Devonport Ferry .. T 0 1 ! toward Smith .. .. 1 luddart-Parker ... 3 0 0 Ditto (pref.) . . . . 1 0 Northern Steamship 0 Ditto (con.) .. .. t> G s 0 1 I*. and O. tdef. stock) 0 Union Steam (pref.) 1 0 9 — TIMBER— Kauri Timber .. .. — ft :i S ft Ueyland-O’Brien . . 1 10 0 3 ft National 0 s 0 Parker-Laml) 0 HUEWKRIES— C. Ii. Innes 1 1 0 — Ditto (pref) .. .. 1 1 0 — N.Z. Breweries ... J. Staples and Co. 2 13 0 2 13 ft

cal] were: — B iyers Sellers L d d MISCELLAXEO US— Auek. Amuse. Park 0 0 Australian Glass ! i 6 16 British Tobacco ... (• 8 0 Burns. Philp 4 0 6 6 By croft. Uul 1 14 6 Dental and Medical. 0 Dominion Pictures . 1 0 Ditto, (pref.) 1 0 r, Dunlop-Perdriau 1 G 0 1 Electrolytic Zinc <ord.) 1 15 6 1 16 Ditto (pref.) .. .. 1 lo 6 1 17 Farmers’ Trading . . 0 :♦ Ditto (A pref.) 0 17 0 0 18 3 Ditto (B pref.) . . 0 15 0 16 0 Gear Meat Grey and Menzies . 0 10 6 Hayward s Pictures 0 10 Henry Jones Co-op. 1 13 0 H.M. Arcade (pref.) 1 L 0 Lewis Eady (pref.) 1 Milne and Choyce (deb. stock) .. .. 1 r; X.Z. Farmers’ FeiH 1 6 X.Z. Paper Mills .. — 1 0 9 Northern Boot . . . . 8 Robinson Ice Cream 1 4 6 Sanford. Ltd 0 IS 4 Ditto (pref.) .. .. 1 0 S. R. Maxwell Taranaki Oilfields .. 0 4 6 0 4 10 Thames Theatre 0 •— "Whit tome.-Stevenson 2 Wilsons Cement 2 2 MINING— Alburnia 0 0 4 0 1 1 Moanataiari (paid) . () 0 Ditto (con.) .. .. 0 0 Kawarau 0 0 0 Lucky Shot (4s pd) 0 1 6 Ditto (con.) .. .. Ohlnerauri Ditto (pref.) .. .. o 4 Wailii 0 Waihi Grand June. . 0 1 7 Mount Lyell .. .. 2 2 5 2 DEBENTURES — Auckland Gas, 1052, i> p.c. 96 0 0 — Auckland Harbour Board, 4 p.c. 92 Ditto. 1947, 5i p.--. 101 0 0 Auck. Hosp. Board, 1931, 6i p.c 102 10 0 »> P-c 103 0 0 104 0 0 GOVERNMENT BONDS— War Loan, 1938, 4i 100 5 n — Ditto. 1039, 4i p.c. 100 5 — Ditto, 1933, p.c. 99 10 0 — Ditto, 1036, 5i p.c. 101 o 0 — INSCRIBED STOCK — War Loan, 103S, 4-1 100 0 0 100 12 6 Ditto, 1030, 4i p.c 100 0 0 Ditto, 1027-41, 51. 90 10 0 — Ditto, 1033, p.c. 100 15 0 — Ditto, 1936. 55 p.c. 101 o — X.Z. Breweries .. .. 1 s 10 Gisborne Sheepfarmers 96 0 0 100 0

Oct. 15 Oct. 10 Par. Montreal, dol. . — 4.92 J 4.866 New York, dol. 4.86 13-16 4.S6 21-32 4.866 Paris, fr 123.875 123.94a 124.21 Brussels, belga 34.S65 34.S7 35.00 Geneva, fr. .. 25.175 25.14 25.22 Amsterdam, fl. 12.092 Homo, lire .. 93.005 12.09’92.94* 12.107 92.46 Berlin, r.m. .. 20.405 20.39* 20.43 Stockholm, kr. . 18.135 1S.14 18.159 Oslo, kr 18.205 3 8.20* IS.159 Copenhagen, kr. 18.205 18.21 18.159 Vienna, sch. .. 34.62 Prague, kr. . . I64i 34.59 im 32.75 i itSI* Helsingfors, m. 1931 Madrid, pes. .. 33.733 192.23 23.221 Lisbon, escu. .. 10S.25 1S8‘ Athens, dr 37". 275 375.00 Bukarest, lei. . 8171 SIS 25.221 R. de Jan., ni. 5 7-S 5 7-S — B. Ayres, dol. . 47 3-32 47 3-32 47.577 Calcutta, rupee 17 27-32 17 13-16 ISd j Shanghai, tael . 261 Hong Kong, dol. 21 Yokohama, yen. 23 19-32 23 19*32 24,58d •