Commercial Bank Active

Sun (Auckland), Volume III, Issue 876, 21 January 1930, Page 10

Commercial Bank Active

South British Selling

rHE general feeling on ’Change i.s improving slightly. Commercial Bank of Australia are changing hands freely a: 24s 6d. South British Insurance continue to sell at 60s Od.

business on the Auckland Market Transactions on the Auckland market over t ie past 24 hours included: —• Yesterday afternoon: Commercial Bank of Australia, £ 1 is 6d; South British Insurance, £3 Os 6d; Moanataiari (paid), 2s 2d; Waihi, 13s 9d. At the morning early call: Commercial Bank of Australia, £1 4s 6d; South British Insurance. £3 Os 6d; Auckland Gas. £1 4s lOd. At the middav call: Commercial Bank of Australia, £1 4s Cd; National Bank of New Zealand. £6 8s 6d; Bank of New Zealand, £2 17s. * * * Market At Midday ■\\ .;t \ the exception of Commercial .... *h:s section remains quiet, i. i ■ ; h:>ve improved one shilling for Bn*, Scottish. National sold at mid.i .y . t. £ 6 8s 6d. Wales remain un- «■ f a New Zealand sold at 375, leaving the market steady. Union of tisUa'ia are easier. Auckland Gas . \ : with saies 24s lOd. leaving • • i i a. it firm. The contributing u-» '.live buyers at 18s 3d, sellers i - i A number of buyers are regist r: d or timber shares, few sellers « Bartholomew are in demand . . - Kauri have persistent buyers at 1 b. yland-O’Brien have buyers at V wi bout attracting sellers. National • or.- iy. Mining section is again a:: the Moanatuiari rush, these r . . e again weak and unsupp >•• .Ohinemuri are unchanged. v \\ -i continued to have steady buyers %. d. sellers have eased to 13s lOd. • * • Vi - IV a lagers' Reports managers report as follow: i Shot.—Since last report the 3- has been running on trial from the dump and from the < a Ige reef. We have not cleaned i> the holidays. Work at t«*e v :ro • p rogressing satisfactorily. We ... r < *ning out a stope on the cross v el . ' • No. 1 winze. Quartz broken \ *!.e* stopes in the intermediate , 'fours of gold. M .ine talari.—The shaft has been further distance of six feet to k t r of 64 feet. We have been in tli-- week. Strong colours • <, gold were seen in several of f quartz, and also in the very • ■ ~rtz stringers. The country •f the best description, being

very lively and heavily mineralised, with no pug about. The formation looks very promising for making picked stone at any time. We have a good flow of water coming in. and the old winzes are draining. The pump is easily coping with the water, but boring is slow, as we have hardly sufficient power for the drill and pump combined. Yesterday’s New Zealand Sales Sales on New’ Zealand ’Changes yesterday, with the approximate return on investment based on the latest dividend, included: Return on Sale Price. Investment. £ s. d. £ s. d. Com. Bank Australia 1 4 6 6 2 5 Bank N.Z. (2) ... 2 17 ft 5 0 7 South British .... 3 0 6 4 5 4 WELLINGTON E.S. and A. Bank 6 10 ft 5 15 5 Bank New Zealand 2 17 7 4 1!) 7 Union Bank 12 0 ft 5 4 2 Staples’s Brewery .. 2 13 3 4 10 7 CHRISTCHURCH Ins. Stk., 1938, 4.t.. 99 12 6 4 11 1 E.S. and A. Bank (2) 6 IS 6 5 X 3 Ditto 6 19 6 5 7 6 Union Bank 12 0 0 5 4 2 Coni. Bank A us. . . 1 4 6 6 2 5 Ditto 1 4 3 6 3 8 N.Z. Insurance (2) 2 4 6 4 2 4 Dalgety and Co. .. 12 5 0 6 18 9 N.Z. Breweries (5) 4 S 0 3 8 2 Stapes’s Brewery 03) 2 15 6 4 10 1 N.Z. Refrigerating, 10s paid ft 5 1 DUNEDIN War Bonds, 1941, 4J 99 15 ft 4 10 7 Ins. Stock, 1938. 4} (2) 99 10 0 4 11 6 MINING SALES Auckland.—Moanataiari (fully paid), 2s, 2s 2d: ditto (2s 4d paid), Is Old, Is 3d, Is 2d; ditto (Is 6d paid), Is 2d; Waihi, 13s 9d. The return on New Zealand Breweries shares does not include bonus accretion. Dividends Payable Due. N.Z. Insurance —interim, lid a share Feb. 12 Victoria Nyanza Sugar—interim. 25 p.c. . . Feb. 25 Union Bank—interim, 12J p.c. p.a