Limited Trading

Sun (Auckland), Volume III, Issue 833, 29 November 1929, Page 10

Limited Trading

Market on ’Change *• By "Xoon Call.” LI FILE change has been noted in the general tone of the ■ Chang st 24 - The halfholiday yesterday set business out of stride temporarily and sale* have fallen to comparatively low levels.

Price movements, shown by a com* pa-i son of sales on the Auckland market with the price at the time of the previous* recorded sale, include: Electrolytic Zinc (pref.), fall of 9d. National Bank of New Zealand, fall of 2s. Busiress on Auckland Market Transactions on the Auckland market over the past 24 hours in- * :ded the following: At this morning's early call:—On *' 'hange: Kleetrofytic Zinc (pref.), 34s ‘*l Reported: Wilsons Cement. 41s At midday.—Reported: National •tiers’ Trading. 9s; Wilsons Cements. 41s 6d. On ’Change: New Zealand Inscribed Stock, 1936. per cent., Mount Lyell’s Weaker The market for Mount Lyells. reacting to influences from across the Tasman, is decidedly weaker, several ■~">s taking place in the South yesterday at down to 41«* 2d: at this price the return is approximately £9 14s 4d. based on the 20 per cent, dividend of • -t year. Market at Midday The banking group continues to register an air of uncertainty as to ’he future. Buying strength is weak, and. apart from Commercials and the two New Zealand banks, buyers prefer to hold off the open market meanIri coals, buyers of Pukemiros moved rp to 71s 6d following the appearance «■? a seller at 755. Buyers continue 1 u - tiowhs are a little firmer, with sellers in at 17 s. compared with offers of 36s 9<l yesterday. In the miscellaneous group. Wilsons • • ments are active around 41s 6d. At tl :s price, the return, based on the latest dividend of 10 per cent , is approximately £' 4 3 *>s 5d per cent. Xew Zealand Farmers’ Fertilisers continue to meet with a steady demand at 22s Id.

Wathi Mining Progress The following information has been cabled to the London office of the Waihi Gold Mining Company: j For the period ended November 16, comprising 21 crushing days, 16.990 tons of ore were crushed for a result of 6.192 fine ounces of gold and 37.924 fine ounces of silver. This includes 932 tons mined from the Grand Junction area, yielding 419 ounces of gold and 4,504 ounces of silver, also IS3 ounces of gold and 564 ounces of silver from residues from the site of the old Waihi mill. In the No. 10 level driving has been commenced on a lode situated at 40 feet south of the I Empire lode, in the London south I crosscut. Twenty-six feet has been i driven east, the assay value being 67s I 6d a ton. and 20 feet driven west, the r.. The ; width of the lode varies from five feet to a width greater than the drive m each direction. Driving north-west w.-js commenced from the north section of the Empire lode, near the east boundary, and at 107 feet we have intersected a lode; the first five feet assays 58s a ton. and the next five feet is country with springers of quartz. The course of the lode is 65 degrees. • The true dip is one in five south. Dividends Payable , Due. N.Z. Paper Mills—interim. 3} p.c Nov. *«> United Insurance—interim, 10 P-c. p.a Nov. Westport Coal—final. 5 p.c. .. Nov. Aust. Glass—interim, 9 p.c. p.a., pref.; 10 p.c. p.a. ord .. Deo. 1 Henry Jones Co-operative—-final. Is 3d a share Dec. 2 X.Z Breweries—interim, 7i b- c Dec. 2 Bank of N.Z.—interim. Is 4d a share Dec. 7 Amalgamated Wireless—B p.c. P- a - • • - Dec. S Mount Lyell—final. 2s 9d a share Dec. IS Kauri Timber—3 p.c. .. About Dec. 13 Loan and Mercantile Agency Go.—final, pref.. 2j p.c. and ord.. 5 p.c Dec.