Quiet Trading

Sun (Auckland), Volume III, Issue 849, 18 December 1929, Page 12

Quiet Trading

Market on ’Change

By

“Noon Call.”

QUIET trading and irregular prices continue to be recorded on ’Change. There is little life in the market.

F LUCTUATIONS Price movements, shown by a comparison of sales over the past 24 hours, with the price at the time of the previous recorded sale, include:— Bank of New South Wales, fall of 2s 6d. Ohinemuri Mining, fall of 2d. Union Bank, fall of 4s. Taranaki Oil, fall of 6d. Business on the Auckland Market Transactions on the Auckland market over the past 24 hours have included: — Yesterday afternoon: —Ohinemuri mining. 9s Id: Commercial Bank of Australia, 25s 8d; Bank of New South Wales, £4O 2s 6d; Union Bank, £l3; New Zealand Farmers’ Fertiliser, 22s »>d: Wilsons Cement, 41s. At this morning’s early call:—Taranrki Oil. 4s sd. At today's midday call:—On 'Change: Commercial Bank of Australia, 25s 3d (two parcels). Reported: Union Bank of Australia. £l3. * * * Market at Midday Little movement was registered in i he market at midday. The banking group is quiet. Coals are decidedly weaker, with more sellers than buyers. In the miscellaneous group shares in companies engaged in the manufacture of fertilisers meet with a very firm demand. Wilsons Cements are sightly easier. Mining shares are more or less

neglected after the activity of yesterday. * * * / Mine Managers’ Reports Mine managers report as follows: Tui.—Since my last report have continued the rise No. 2 following the flinty: the reef is about 3ft in width, veins in the stone are showing payable values, and I fully expect these veins to make better gold. The country is of a mild nature, and points to better gold being in close proximity. Taranaki Oil Progress Taranaki Oilfields report: Gisborne No. 2 well: Cleaned out to 2,900 ft; caving in not troublesome; smoko stacks completed and draught improved; arranging to fire one boiler with oil to increase steam supply as necessary. Jvotuku No. 1 test hole: Following upon geological examination of cores from No. 1 test bore it has been decided to defer further boring for the present. Dividends Payable Du© Kauri Timber—3 p.c. p.a Dec. ID Singapore Hume—interim, 5 _ P-p* Dec. 19 Goldsbrough, Mort—interim, 5 _ ,P- C ; Dec. 20 Morris Hedstrom—interim, 4 P-9 Dec. 31 British Tobacco—quarterly, 3 P-c .. Dec. 31 National Bank of N.Z.—interim, 6 p.c Jan. 4 Victoria Nyanza Sugar.—interim, 25 p.c Feb. 25