Banking Group Quiet

Sun (Auckland), Volume III, Issue 818, 12 November 1929, Page 12

Banking Group Quiet

Market on 'Change Itv -Noon Can.-’

Tf| [•; lull wliii-h li,a> followed tlie comparatively heavx tradiiiL' of tin- recovering' market of oarlv last week eon- . ■: a small compass and j tin r. is little life in am section. Tin- banking group is. if

fluctuations Price movements, shown by a comparison of sales on the Auckland market over the past 24 hours with the price at the time of the previous recorded sale include: — Commercial Bank of Australia, rise of Id. ES. and A. Bank. fall of 1s (last sale in Dunedin). Auckland Gas. rise of sd. Business on Auckland Market • i •uni <mw \ 34. Commercial JH«-oldish*” arid Australian limik, L 7 Us;’ At the miUUay -all: -New Zealand Mine Managers' Reports Link :i further At t 7. total or' 27ft. Tim •■ountrv is «»f the host description and i» of a nice mild bluish nature and is j tho right character for carrying values! in this part of the held. Hauraki.—Sloping on the Stock wood ; M>ve the 40041 lei el is in |>rogross, a few pieces of specimen stun*- » uniug to hand from tlo stupe above secured, the reef and foot wall country h*-iug disturbed at this point. No an ork has been done in the rise on the « : Harp teef for the week; the ynen have been employed driving sea- J v.inl for the junction with the Venus Meat Losses A trading loss of £ir».4t>S was inrurred by the Wellington Meat Expot t Company for the year ended Sepi ember 3t>, 1 929. «*ornpared with a profit off £9.509 during the previous year. The on favourable overseas markets *re> given as the reason for the loss. The payment of the dividend on pre- ! lerem e shares is necessarily to be deferred meantime. No provision is made for depreciation, but the directors consider that the large writings-off'which have been made in recent years, and the present condition of the plant, ■which has been kept in thorough re-

pair, justify this course. Bast year L N V, as ; ppropriatod f»*r clcprecin - I turn of works and plant. The interest I paid by the company during the year* eral expenses totalled ‘2 B.OSS against Market at Midday Fa rnival Week at Christchurch is apparentlv being reflected on all New, Zealand Changes. and business has fallen to phenomenally low levels over the past two days. On the Auckland record was equalled, only two sales The banking group continues quiet, , with even Commercials of Australia j showing a quieter tone at midday. I-I the coal group shares in the Wai- j kn to companies attract principal atten- 1 rion, Iteii"wns and Pukemiros meeting ; with ■ l steady demand. Wollens are neglected and weak. 1 Timbers are also idle on a depressed | Taranaki Oil Company Progress The Taranaki Oil Company reports: j Gisborne No. 2 Well. —Erection of , rotary equipment has been subject to ! some delay due to unfavourable i weather. Kl.tuku No. 1 Test Hole. — Dismantled and erected plant on new j site: drilled to 17ft. Dividends Payable Du©. Anthony Hordern— interim (half-yearly), prof., 7i p.c. p.a., ord. 8 p.c. p.a Nov. 13 Dalgety, Ltd., 3 p.c. and bonus of 'ls a share Nov. 14 | Queensland Nat. Bank.—interim 10 p.c. p.a Nov. 11 , Northern Steam, interim i (half-yearly), at rate of 8 p.c. p.a Nov. 15 Broken Hill South—ls 6d a share Nov. to Burns-Phi Ip—interim (lialfyeaily). 10 p.c. p.a Nov. 15 Taupiri Coal—interim, Is a' share, ords Nov. 1G j Wilsons Cement. Interim of Is a share Nov. 26 Nat. Bank of Australasia— Orel, and con., interim 10 P.c. p.a . Nov. 27 N.Z. Paper Mills—interim, 31 p.c .. Nov. 29 Sharland and Co.— Pref. and ord. (final), 4i p.c Nov. Aust. Class—interim, .'it rate of 9 p.c. p.a. on prefs., and 10 p.c. on ords Dec. 1 N.Z. Loan and Mercantile, S p.c. on ords Mr. byell, final of is 3d and bonus of Is fd a share . . Dec. IS