Increased Business

Sun (Auckland), Volume III, Issue 882, 28 January 1930, Page 10

Increased Business

BANK OF N.Z. EASIER

A FAIR volume of business is being transacted on ’Change today. Bank of New Zealand sold this morning at 53s 6u and 55s 9d.

Business on Auckland Market Transactions on the Auckland market over the past 24 hours included:— . _ . . Yesterday afternoon: —South Brit.isn Insurance. £2 19s 6d; Devonport Steam Ferry. £1 3s. At this morning’s early call:—Commercial Bank of Australia, £ 1 2s 9d; Bank of New Zealand, £2 15s 9d; Waihi Goldmining Company, 13s 6d. At the midday call: —Bank of New South Wales, £4O; Auckland Harbour Board, 5i per cent.. 1937, £96. • • « Market at Midday Bank shares remain lifeless with the exception of Commercials of Australia, which changed hands at 22s 9d. Bank of New Zealands are also selling on a falling market. Unions of Australia are considerably weaker, tales in the South at £ll 15s 6d cum dividend and sellers here at £ll 15s. Insurance shares are quiet. South British being the only scrip in this section supported, with buyers 595. New Zealand sellers remain steady. Brewery shares are quiet. Innes have persistent buyers, but fail to draw sellers. New Zealand are still inclined to ease. staples are unsupported. More activity is registered in local body and Government loans, but only occasional sales are recorded. • • • Mine Managers’ Reports Mine managers report as follow: Alburnia. —The leading stope on the main Orlando lode has been carried along 10ft, a total of 129 ft. Ten pounds of picked stone were secured in the leading stope. The drive south on the hangingwall branch of the Orlando lode from the bottom of the winze has been driven sft. When breaking down the main reef here we broke the hang-

ingwall and cut another branch 12in wide, showing nice dabs of gold. This portion of the reef hats never been seen in the winze in sinking or in the level above in driving. From the course of the branch it should junction with the main branch in about another Bft of driving. This looks very promising as we are in a splendid belt of gold-bearing country. The rise on the cross leader from the drive north on the hangingwall branch of the Orlando lode has been risen 7ft. From the level driven off the top of the rise, or 87ft from the main level, the leader averages 15in wide and still looks very’ well. The two flinties, cut and driven on, have formed into a cross leader. Ducky Shot. —The mine manager reports: The stopes at the intermediate level and the quartz coming to hand continue to show colours of gold. We are stripping the reef over the back of the level at Xo. 1 winze, and the quartz broken down shows colours of gold, and should be payable. Dividends Payable Due. British Tobacco, pref., final, 6i p.c Jan. 31 Union Bank —interim, 121 p.c. p.a. Jan. 29 Auckland Gas—final, 4 p.c Feb. 4 Commercial Bank of Australia—interim, ord., 15 p.c. p.a.; pref., 4 p.c.. p.a Feb. 7 N.Z. Insurance—interim, lid a share Feb. 12 Queensland Nat. Bank—quarterly, 22 p.c Feb. 13 Victoria Nyanza Sugar—final for last financial year, 5 p.c., and interim for current year, p.c Feb. 25 Broken Hill South—quarterly, 2s a share Feb. 26 Wellington Gas—final, 4 p.c. .. Feb. Electrolytic Zinc—interim, ord. and pref., 12 p.c. p.a. .. .. Mar. 6 Call— Moanataiari, 2s 2d paid—2d a share Feb. 6 Occidental—ld a share Feb„ 7