An Active Market

Sun (Auckland), Volume III, Issue 894, 11 February 1930, Page 12

An Active Market

POSITION ON ’CHANGE HEAVY trading continues to be recorded on ’Change, with an all-round feeling of optimism in the future for most sound stock'.

v 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, rise of 255. New Zealand Insurance, rise of 1s 6d. Bank of New Zealand, rise of 1s 3dSouth British Insurance, rise of Is. Colonial Sugar, rise of ss. Wilsons Cement, rise of 2s. * * * Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included the following:: yesterday afternoon. —X.Z. Inscribed Stor k. 1933, 5i per cent.. .£9B; ditto, 1927-41, 5i per cent.. £97; ditto, 1938, 4} per cent., £99 2s Gd: War Loan. 1938. 4i per cent.. £99 ss: Xational l; nk of New Zealand. £6 4s; Bank of Xew South Wales, £4O 15s: Bank of New Zealand. 58s Gd; Queensland Xational Bank, £7 12s Gd; Xortli Auckland Farmers’ (B pref.). 9s Gd; Waipa Coal, 14s; British Tobacco ♦ Sydney register), £2 3s: Alburnia Cold Mining, 3d. At this* morning’s early call.—Commercial Bank of Australia, 23s 9d i three parcels); Xew Zealand Insurance. 445; South British Insurance, GOs ♦;-i: Auckland Gas, 23s 9d (.three pared*). At midday.—Wilsons Cement, 39s 6d; • olonial Sugar, £44: South British Insurance. 61s: Bank, of Xew Zealand, • Ss 9d Xational Bank of Xew Zealand. £6 4s; Westport Coal, 295; Xew ZeoJand War Loan, 1938, 4 5 per cent.. £99 ss. Market at Midday Banks and insurances met with a Leadj' demand at midday. The market for most shares in these sections continues firm, with a rising tendency. * 'ommerciale of Australia are steady : round 235. 9d. Xew Zealand’s and Xew South Wales’s are moving steadily to higher levels. Coals are quiet, with a weakening tendency. In industrials. Colonial Sugars are commanding attention at the moment «*n a firming market. British Tobaccos are selling freely around 435. All classes of Government debenture** meet with a steady demand.

Mine Managers’ Reports Mine managers report as follow : ■ Lucky Shot. —The ore coming from , the stopes above the intermediate level • continues to show gold clearly when broken down. We secured 51b of stone from the hanging-wall portion of the reef. Alburnia.—The rise on the main Orlando lode from the stope has been risen five feet, a total of 15 feet. The drive south on the hanging-wall branch of the Orlando lode from the bottom of the winze has been driven four feet, a total of 14 feet. The 12inch leader in the hanging-wall is still carrying along, and when broken down showed strong dabs of gold. The rise on the cross-leader from the drive north on the hanging-wall branch of the Orlando lode has been risen four feet, a total of 15 feet from the drive off the rise, or a total of 102 feet from I the main level. The reef here averages 12 inches wide. Tui.—Work on the Xo. 3 reef was resumed on Thursday, and the drive was advanced three feet to a total from the crosscut of 72 feet. The reef is a strong body of ore, and is carrying some nice bright iron pyrites, with a little zinc blend. The country .rock is very hard, and. with a change of country, values should improve. Moanataiarl. —During the week the shaft was sunk a further live feet to a total of 78 feet. The reef formation is about three feet wide, and more compact. A few colours of gold were seen. The quartz is now over on the south end of the shaft, and there is country’ rock and stringers in 1 the northern end. The ribs of quartz that were bored through in the borehold have not yet come into the shaft. We bored into a leader two or three inches wide, running at right angles to the shaft, but this round is not yet mucked out. The country rock is interlaced with black mineral seams. Dividends Payable Due. X.Z. Insurance— lid a share Feb. 12 Queensland Nat. Bank—quarterly, 2* 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., 1.2 p.c. p.a. .. .. Mar. 6 Call— Moanataiarl, 2s 2d paid—2d a share Feb. 6 Occidental—ld a share Feb. 7