Buyers Hesitant

Sun (Auckland), Volume III, Issue 903, 21 February 1930, Page 12

Buyers Hesitant

POSITION ON ’CHANGE

By

“Noon Call.”

BUYERS continue to register a feeling of uncertainty on ’Change in respect to market movements, and business, as a result, is not brisk. Less money for investment is also acting as a bearing factor on prices.

FLUCTUATIONS 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 N.Z., D Mortgage, fall of 64. Dominion Bank and Investment, fall of 1s 3d. Business on the Auckland Market Transactions on the Auckland market over the past 24 hours include: Yesterday afternoon: Kauri Timber, 15s 3d; New Zealand War Loan, 1933, r>£ per cent., £99; Auckland Harbour Board. 1937, ol per cent., £96: Dominion Banking and Investment, 19s. This morning: Bank of New Zealand, D Mortgage. 26s 3d; Auckland Harbour Board, 1937, 51 per cent., £96. Market at Midday The banking group is quiet with prices erratic. Commercials are easier with buyers at. 22s 7d; Unions of Australia are firmer with a middle price of £l2 2s 6d at midday. Insurance shares are idle and meeting little more than a nominal demand. Slightly more inquiry is being met with for Renown Collieries ordinaries. Miscellaneous shares are quiet, buyers on the present market being hesitant about making firm offers. Mining is neglected. Slightly more attention is being paid to Government and local body securities. Evan's Atlas Flo<ur Profits A net profit of £8,927 is shown in the accounts of Evan's Atlas Roller Hour and Oatmeal Milling Company lor the year ended January 31, 1930; this amount is arrived at after making provision for depreciation and in-come-tax. The directors propose the payment of a dividend at the rate of 10 per cent, and the transfer of £3,000 to reserve account; this will leave a balance of £1,564 to be carried forward.

Waihi Mining Company The following information has been I cabled to the London office of the ! Waihi Goldmining Company: ! For the period efnded February S. | comprising 27 crushing days, 22,244 tons of ore were crushed for a result of 7,889 fine ounces of gold and 47,335 line ounces of silver. This includes 1,326 tons mined from the Junction area, yielding 6980z5. of gold and 7,3520 z of silver, also 6Goz of gold and 160 oz of silver from the residues from the old Waihi mill site. No. 10 Level. —South section of Empire lode: Driving west of the London south crosscut the next 42ft assays 62s a ton. A connection has been made to former workings, but further investigation is being made. Martha Lode: Driving west of the boundary crosscut the next 24ft assays 64s 9d a ton, and the next 7ft is hard quartz of little or no value. No. 13 Level. —A south-east crosscut was commenced from the north section of the Martha lode, at 100 ft east of No. 4 shaft, north crosscut, and at 73ft in the main section of the Martha lode was met. The first 49ft is quartz and a mixture of quartz and country. The next 4ft is quartz of an assay value of 7s a ton. The next s£ft is sulphide ore, of an assay value of 65s a ton, and the next 25ft is country and quartz alternately of little or no value. Dividends Payable Due. , Victoria Nyanza Sugar—final for last financial year. 5 p.c., and Interim for current year, 2J p.c Feb. 25 Broken Hill South—quarterly, 2s a share Feb. 26 Bank of New South Wales, quarterly, 2£ per cent Feb. 27 Carlton Brewery, int. 7 per cent. Mar. 1 Electrolytic Zinc—interim, ord. and pref.. 12 o.c. p.a Mar. 6 Huddart Parker, intermini, 3 per cent, on prefs. and 5 per cent. on ords Mar. 15 C. L. Innes, interim, 4 per cent. Mar. 31