A Quiet Opening

Sun (Auckland), Volume III, Issue 905, 24 February 1930, Page 10

A Quiet Opening

MARKET ON ’CHANGE

By

“Noon Call.”

THE market on ’change opened for the week this morning with buyers showing last week’s lack of keenness. There was little life in any section.

FLUCTUATIONS Price movements, shown by a comparison of sales made during the morning with the price at the time of the previous recorded sale, include: — New Zealand Farmers* Fertilisers, fall of 3dBusiness on the Auckland Market Transactions on the Auckland market during the morning included: At the early call: New Zealand Farmers’ Fertilisers, 21s; Mount Lyell, 33s 9d. At midday: South British Insurance, 61s; Farmers’ Fertilisers. 20s 9d: New Zealand Breweries. 83s; Pukemiro < 'oillories, 69s Cd. Mine Managers’ Reports ‘Mine managers report us follow: Moanataiari. —During the week the shaft was sunk a further 4ft to a total of SBft. A 9in. leader was cut, showing good colours of gold (as reported by wire). Last night we bored into another leader about Sin in width, with the same strike as the 9in. one. Between these two leaders are veins of quartz and country rock and in the veins or stringers nice coarse colours of gold were seen. Tui.—During the week the drive on No. 3 reef was advanced 6ft, a total from the crosscut of 85ft. We are now carrying along on the hangingwall of i lie reef and the country is improving, being a little milder and carrying mineral seams. Alburnia.—The rise on the main Orlando lode, from stopes, has been

risen oft, a total of 20ft. Dabs of gold are still seen in the ore. In the drive south of th» hangingwall branch of the Orlando lode, from the bottom of the winze, the work has been shooting down the reef that was left stripped. The rise on the cross leader from the drive north, on the hangingwall branch of Orlando lode, has been risen 3ft, a total of 109 ft. Strong dabs of gold are still seen in every breaking down. Market at Midday Little movement is shown in the banking group. Commercials have not recovered last week’s slight decline; New South Wales are steady with a middle price of £4O 15s at midday. In the insurance group, South British are quietly active around 61s; New Zealands are sought at 43s 6d. Coals are quiet; Pukemiros were dealt with at a price which allows a return, based on the latest dividend rate, of a fraction over 10 per cent. 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, 2b 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, intermim, 3 per cent, on prefs. and 5 per cent. on ords Mar. 15 C. L. Innes, interim. 4 per cent. Mar. 31