A Healthier Tone

Sun (Auckland), Volume III, Issue 826, 21 November 1929, Page 10

A Healthier Tone

s J Market on ’Change By "Noon Call.” I\< KE:AsKI> activitv in the botter-ela.'.s stocks lias hocji ‘ ligc over the past i hours. Prices show little ehance. but there is a deciiletlly healthier tone in the market.

FLUCTUATIONS Price movement?, shown by a comparison of sales over the oast 24 hours with the price at the time of the previous recorded sale, include: N Z Insurance Stock. 1933, rise of ss. Business on the Auckland Market Transactions on the Auckland market ova* the past 24 hours included: Yesterday afternoon: Devonport 1 Steam. 235; New Zealand Breweries, I "Ss 3d. Commercial Hank of Aus- , 11 alia. 27s 6d; Renown Collieries. 17s: ■ N’ew Zealand Insurance Stock, 1933, 3* ! per cent.. £IOL 2s 6il. At this tnorninK's • arly call: Rrported.—Klectrolytic Zinz fpref >. 33s •d. Bank of New South Wales iTeli.ourno register ►. Lis 2 s 6d: Hank of! New Zealand. H'»s «d. A r the midday call: Bank of Xnv ' land, ties »id. N.Z. Breweries Dividend 'l'he head office of the New Zealand Ki -weries. Util., advises that transfer m dosed : rom Not em *ei “•» to 30. both days inclusive, for the purpose of the payment of a dividend (••I- tli€' half-year at the rate of 7i per « -nt. dividend is payable .»n £>ecemVictoria Nyanza Sugar Output A. cable from the head office of the : A I'. toria Xyanz.t Sugar Company ad- 1 \ ises that the company has manufae- ! rured 2.334 tons of sugar to date this j a.-on. compared with slightly under 1 ‘ ‘i:cj tons for the corresponding period •*f last year. Increased Interest in Tins Increased interest is being taken in : eve rut tin-mining vqneerns, which ; have daily quotation on the Sydney exchange. Little actual business is recorded, but there is every indication that this class of security will re- • eivn greater attention on the New Zealand market in the near future. If nothing else, the scrip will give scope for the speculative element. Market at Midday Although little actual business was j recorded at midday, the* market as •©mpa re d with last week maintained e. decidedly better tone. Hanks are quietly steady. In coals. "Renowns continue to have a steady sale around 17s. Pukemirus are very firm at the improved buying «inotation of 71s. with sellers not prepared to com© on the open market.

V.!" mar.e-rt far Ucvetl|>oll Steuras bolds its improved price of yesterday, ls oit* ring 22s f»d this morning without attracting a selling quotation. Slightly more interest is being taken in brewerie-. but little actual business is recorded. A better tone is record' il in the gilt-'i'-'t station, it considerably wider range buyers coming in this mornMine Managers’ Reports The manager of the Tui Gold Mining Company reports:—The widening of the No. 3 level north was completed last week and the rails are laid to within a few feet of the face. We have started to open up fop sinking a winze in Xu. 2 south at the intersecfl inty leadi r «ith the Xo. - reef. The engine and fan have been running at intervals during the week and the supply of air required is good. We are pushing on with the hopper, so as to be ready for storing quartz. The manager of ITauraki Mines Consolidated reports: "Sloping operations on the Stoekwood Reef above the level are progressing as usual, a iul a few pieces of picked stone have been selected from a stupe 30ft north of the block list*, and strong colours have been seen in the rise: the reef at the north end is about 18in in width and looks promising for gold. The seaward face is now 26ft beyond the Green Harp reef, leaving 24ft to reach the estimated position of the Venus re< f. The country penetrated is favourable for gold. All the machinery is running smoothly and low level development work can be undertaken immediately awaiting instructions.” Dividends Payable Due. Xational Insurance—final, 3d a share Xov. 21 Wilsons Cement—interim 3 p.c. Xov. 26 Xat. Rank of Australasia—inetrim, ord. and con., 10 P-c. p.u Xov. 27 Leyland-O’Brien—final, lOd a share Xov. 27 N.Z. Paper Mills—interim, 31 p.c Xov. 29 United Insurance—interim, 10 p.c. p.a Xov. Westport Coal—final, 3 p.c. .. Xov. Aust. Glass—interim, 9 p.c. p.a.. pref.; 10 p.c. p.a. ord .. Dec, 1 Henry Jones Co-operative—-final. Is 3d a share Dec. 2 Bank of X.Z.—interim, ls 4d a share Dec. 7 Amalgamated Wireless—S p.c. * P-a Dec. S Mount Lyell—final, 2s o*d a share Dec. IS kauri Timber—3 p.c. . . About Dec. 13 Doan and Mercantile Agencv Co.—final, pref.. 2J p.e. and ord.. 3 p.c Dec.