FINANCE & MARKETS A Quiet Market

Sun (Auckland), Volume III, Issue 847, 16 December 1929, Page 10

FINANCE & MARKETS

A Quiet Market

MOVEMENTS ON ’CHANGE

By

“Noon Call.”

THE market opened this morning for the closing week of the year on ’Change with most stocks meeting only a nominal demand. Except from the more speculative section, only a very limited inquiry can be expected for the few days remaining.

rLUCTU ATIONS Price movements. shown by a comparison of sales during the morning with the price at the time of the previous recorded sale, include:— National Bank of New Zealand, fall of 9d. * * * Business on the Auckland Market Transactions on the Auckland market this morning included: —Commercial Bank of Australia. 25s 8d: National Bank of New Zealand. £6 13s itwo parcel?); Moanataiari Mining (2s paid), 4d. + * • Market at Midday kittle change from last week’s closing quotations was noted in the market at midday. The holiday feeling is now noticeable in all sections. Mine Managers’ Reports Mine managers report as follow: Lucky Shot: "During the past week a4l hands have been in the stopes north of No. 2 winze. The reef is about 2ft wide and shows gold freely at each breaking down. The battery has been crushing one shift of eight hours, and

■ the ore is shaping satisfactorily.” ' Golden Age: “The drive on Fox’s leader has been extended 7ft for the | week. The leader is 12in wide, and ; heavily mineralised. The country rock ! on both walls is interlaced with quartz i veins and mineral seams.” * * * Increased Interest In Moanataiaris : Increased interest is taken in Moana- | taiari Mining scrip following a tele- > i gram from the mine to the effect that . boring has been extended to quartz and . gritty formation in the shaft. The contributing scrip paid-up to 2s 2d 6 changed hands during the morning at 4d. * * * Dividends Payable Due : Gear Meat Coy.—final, Is and t bonus, 6d . . Dec. 17 Mount Lyell—final, 2s 9d share Dec. 18 Kauri Timber—3 p.c. p.a Dec. 19 Singapore Hume—interim, 5 p.c Dec. 19 Goldsbrough, Mort —interim, 5 p.c Dec. 20 Morris Hedstrom—interim, 4 c p.c Dec. 31 , I British Tobacco—quarterly, 3 . p.c . .. Dec. 31 [ National Bank of N.Z.—in--1 j terim, 6 p.c Jan. 4 1 Victoria Nyanza Sugar.—in--3 I terim, 2J p.c Feb. 25