Waipa Coal Coy.’s Deal

Sun (Auckland), Volume III, Issue 785, 4 October 1929, Page 10

Waipa Coal Coy.’s Deal

By "Noon Call.” CONDITIONS on ‘'.'hai. ge ■ g I - urtLer sut-tantial falls have been recorded over th* *24 ai t ems a l-rom •. el eeiai - r • • ; • e market -Lows a general tendency for prices - k to levels on which the rate of immediate return L o -ea-t on a par with t._at offering in the giit-edsre section.

Price r-ovements, shown by a csw o a-:son of sales over th e past 24 Hours w*th the price at the time cf the previous recorded sa'e, include:— B- tisn Tobacco, fall of 6d. Bank o< N.S.W., fa'l of £2 2s 6d. Bank of N.Z., fall of Is 3d. Business on Auckland Market Transaction* or. tne Auckland mar--24 1 ineluded the following:— Yesterday afternoon:—Com. Bank ’ Z - '•n Renown Collieri*-- 3s Id; ' *-*o, new issue, pref. s*d British Toba<:'-o. -»Ss*: *\Vh ittome-Stevenson, 6* Kua’ 5 K.'j rr.par Tin. : 2s 6d. This morning:—On 'Change: Bank * ' .V.S.W., £4*. At the Midday Call.—Auckland Ga«, . Sugar, 43s 6d. W.-ton Collier es Abandon Idea of Aer.al Ropeway When the Wilton Collieries w.as launched last year much was made 'the fact that the company was to all its coal in the Ngaruawahia towns nip, adjoining the main South ■ •'if, by .in aerial ropeway direct from ’ e mine-mouth. Further investiga- ■ . abandon the idea. Arrangements have now been completed ’.'.hereby ihe Wilton Company . -a acquired a half-interest in the Waipa Coal Company's line into Ngaruav. ahia. The Wilton property adjoins that of the Waipa concern. Wilton v ill be called upon to alter its :ginal proposal for working its property. • • • Big Fall in Dalgctys A big fall was recorded in the market for Dalgety and Company’s scrip in Christchurch yesterday, when sales •. '‘re made down to £l4 2s 6d, approxiinately 10s below the market a month ago. At this price the return is approximately 6 per cent. Ooldsbrough, Morts showed slightly increased strength in the South yesterday, when sales were made at 44s Id, • price which allows a return, based on the latest dividend, of approximately £6 2 6*? Id per cent. Commercial Bank’s Firmer The market for Commercial Bank's »hows a. firming tendency, after the weakness of the past fortnight. Sales were recorded in the South yesterday at up to 25a, a price which allows for ■ati immediate return of approximately 3i per cent. Other banking scrip is still suffering in the general decline, New Zealand- and New .South Wales shares being the latest to show substantial recent falls. Bartholomew Timber Company The 24th annual meeting of the

Land 1 Xfmfc party was held at Hamilton yesterday. Tr;e chairman, Mr. A. H. Tompkins, 2ai d the company had passed through a difficult period successfully and he j expressed the opinion that the eliminai tioxi of canvassing and the central handling of accounts would result in a ' - Ing In os ec . ponses. Owing to the large imports the timber trade was still in a critical stage, but economy in the cost of production and better organisation were ping to put the industry on a bet- • ter footing. New Loan Issues The Thames County Council &n- ---' nounces the issue of ‘a loan for the luring in 1553 and carrying an interest : ';*c- of 51 per cent. The Ohinemuri Co-nty council is also seeking a ' ' • . 1955 Bot -- I - free of brokerage. High Returns From Junction Mine I: the figures telegraphed from the mine are correct, the return from the Waihi Grand Junction mine for the period ended September 21 is exceptionally high. The average return a ■ ton oi ore handled works out at approximately £7 Ss lid. The return from the Waihi mine proper, on the other hand, works out at approximately 33a 3d a ton. The average return from both properties a ton of ore handled was 35s 7d. Waihi Mining Company The following information has been cabled to the London Office of the aihi Gold Mining Company: For the period ended September 21, comprising 22 crushing days, 18,140 tons of ore were crushed for a result of 6,633 fine ounces of gold and 35,910 fine ounces of silver. This includes 200 tons mined from the Grand Junction area, which yielded 485 ounces of gold and 5,313 ounces of silver. No. 8 Level.—North eection of Empire Lode: Driving east the next 26ft. ; assays 6s 3d a ton. The lode is about 31ft. wide. No. 9 Level. —Empire Lode: In the crosscut at 135 ft. east the first 10ft. from the south side is calcite and the last 2%ft. sulphide ore assaying €6s a ton. The crosscut is now out a total of 52ft. Empire Lode: At a point 67ft. west of No. 4 shaft crosscut driving has been commenced westward. The first. 21ft. assays 18s 9d a ton, and the . next 35ft. 50s a ton. This value covers | the width of the drive, namely sft. Dividends Payable Due. half-year Oct 5 Milne and Choyce—S p.c. p.a., shares and deb. stk Oct. 10. , Waihi. Is a share (ir.t.> .. Ncrv. J Farmers’ Co-op. A net., 8 p.c. p.a. I N.Z. Guarantee Corp.—lOd a share on fully paid ords. and 4d a share on con. scrip .. ..