A Brighter Outlook

Sun (Auckland), Volume III, Issue 822, 16 November 1929, Page 10

A Brighter Outlook

MARKET ON ’CHANGE By "Noon Call.’ Ti orning registering a slightly bette tone. Th> volume of business did not show any note worthv increase. but indications were not lacking tha better business can be expected next week.

FLUCTUATIONS Price movements on the Auckland market over the past 24 hours, shown by a comparison of sales with the price at the time of the previous recorded sale, include: Commsrcia l Bank of Australasia, fall of 4H. Goldsbrougb Mort, fall of 3d. Ohinemuri Mining, fall of 4d. Ousmess on the Auckland Market Transactions on the Auckland mar- | kot over the past 24 hours have in- » hide.l thu following: Y*-ue relay afternoon. —-Waihi Mining,; :s S«l: New Zealand Inscribed Stock. | i 9 3 3. per cent.. ClOly • 'ommerci.il I ; n?c of A nst . 27* So: Union Bank] . \r. it,. C 1 4 s s; Coldsbrougn j f►hfnemuri Mining, its 3d. Farmers* Trading Dividend -I of the Fann< Tradm- L'ornpnny advise that transfer hooks fm* the preference shares will 1-ln.siert November 25 to 30. both nos inclusive, for tlie payment of a’ dividend at the rat© of T per cent, on [ both issues for the half-year ended Kaur.i Timber Dividend The hr;iii ofßce of th»* Kauri Timber e - onip;: ny advises that the directors 1 iim (p-r-id- d to recommend payment ot 3 per vent, dividend for the year i ended August 31. 1029. This company paid 3 per cent, for the - rnr e nded August. 1925. and 6 per * *->nt. for the previous year. Market This Morn.ng A Tittle more movement was recorded in certain quarters on ’Change this nw’nin?. T*i the banking group Commercials of Australia declined further to see business at 27s 3d yesterday afternoon; ihe marki't hail a firmer tone this morning, however. Unions attract con>iderablo attention, although the actual volume of business is not heavy. In the loan and agency section «loldsbrough Morts were dealt with at r price slightly under that at the time ♦ •f the* last sole, one made in the earlier in the week. Both these

• . New Zealand Farmers’ Fertilisers are i firmer, with buyers at 21s this morning failing to attract sellers on to the op* n market. In the mining section. Waihis and Mount Lyells are the only shares supported by any noteworthy strength. The gilt-edge section is quiet. Roma Oil Prospects 1 A bright future for the Roma oil i field (Queensland) was predicted by •ini ndent of Interstate Mines and Petroleum N.L. to the j Melbourne “Herald.” The oil man ; said he had long experience of operations in the artesian basin of Queensland and has drilled the cheapest wells on the percussion system on the Ronui field. Mr. Cameron said the <le - v. li.pment of practically every foot of the Interstate Mine Co.’s well had been observed and noted to its present depth of 7 369 ft. From 300 ft down showings of oil had been almost continuous, although unreported. The principal occurrence was between 1350 ft and Jl6sft. The drill ran into residual oil without gas. and with the more volatile constituents dissipated. The sinker bar and cable brought up quantities of material like vaseline . which contained 7 5.7 per cent. of mineral oil. At least a gas well, he anticipates, will result when the bore is pushed down to production. Dividends Payable Due. Taupiri Coal—interim, 5 p.c., ord Today Dalgety and Co.—final. 10 p.c. Non - . IS National Insurance —final, 5d a share Nov. 21 Wilsons Cement—interim 5 p.c. Nov. 26 Nat. Bank of Australasia—inetrim. ord. and con., 20 p.c p.n. Nov. 27 Leyland-O'Brien—final, lOd a share Nov. 27 N.Z. Paper Mills—interim. 3 ? p.c Nov. 29 United Insurance—interim, 10 . P.c. p.n Nov. I "Westport Coal—final. 5 p.c. . . Nov. Aust. Glass—interim. 9 p.c. p.a., pref.: 10 p.c. p.a. ord .. Pec. 1 Henry Jones Co-operative—-final, 2 s 3d a share Dec. 2 Bank of N.Z.—interim. Is 4d a share Dee. 7 Amalgamated Wireless —S p.c. p.a Dec. S i Mount Lyell—final, 2s 9d a share Dee. IS Kauri Timber—3 p.c. . . About Dec. 13 ! Loan and Mercantile Agency Co.—final, pref.. 2i p.c. and ord.. 5 p.c Dec.