Increased Business

Sun (Auckland), Volume III, Issue 919, 12 March 1930, Page 10

Increased Business

Commercial Bank Ease A BRIGHTER tone is registered on ’Change and numerous sales are being recorded. Commercial Bank of Australia are again easing, these shares being sold this morning at 21s 6d, a drop of twopence cn last evening.

Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included: Vesterday afternoon. Commercial Bank of Australia. £1 Is 8d; Auckland Gas £1 3s Sd; Electrolytic Zinc Cord.). .Cl 5s 9d: Wilson’s Cement, £1 18s 9d; Mount Lyell, XI 12s 6d. At the morning early call. —Commerrial Bank of Australia, £1 Is 7d; British Tobacco, £2 2s; Electrolytic inc (ord.)- £1 5s 9d: Milne and Cboyce (deb. stock), £1 7s 3d; "\V ilson’s Cement, £1 13s 9d; Moanataiari (paid), 2s 3d: Mount Lyell, «£ 1 12s sdl; Xew Zealand Inscribed fctock, 193 b, per cent., £99 ss. . At the midday ’call. —Commercial Bank of Australia, £1 Is 6d; Northern Steamship, 14s; British Tobacco, £2 2s; Mount Lyell, £1 1-s sd. * * * Market at Midday Bank shares although depressed continue to change hands frequently. Australasia have strong buyers at ills. National of Australasia (paid) have improved slightly. National of New Zealand are firmer. Wales are steady. New Zealand are inclined to ease. Little movement is noticed in Union. Insurance section continues quiet. New Zealand have buyers at 43s 3d. sellers have reduced to 445, last sale 445. Queensland are unsupported. South British have improved slightly, buyers now quoting 60s 3d, sellers remaining at 61s. Standard are also unsupported. . . Many buyers are appearing in the coal section. Hikurangi, all issues, have steady buyers. Bukemirc sar* unchanged. Renown (Jiref.) have steady buyers, few shares changing

hands. Westfield have keen buyers at 29s 6d, sellers holding for 31s. Mine Managers’ Reports Mine managers* report as follows: Hauraki.—“The drive seaward on the Stockwood reef has been advanced to 38ft. The show of amalgam on the plates has improved since the gold was seen early in the week. The rise from the back of the stopee is up 85ft from the floor of the 400 ft level, leaving 25ft to reach the level of the drive from the Tangye winze. Taranaki Oil (N.Z.) Company, Ltd. The Taranaki Oil Company reports: Gisborne No. 2 Well resumed work on March 4; the cementing work gave a satisfactory test under high pressure: caving-in is very troublesome below 3.100 feet but have oveucome this and cleaned out to 3,800 feet; now fishing for lost tools. —F.A. * * * Dividends Payable Due. final, 5i p.c - • • • M ar * “ C. L. Innes—interim, pref., 4 p.c. Mar. oi Huddart-Parker, final, ord., 5 p.c., pref., 3 p.c • • Mar. lo Amalgamated Wireless (Australasia) —interim, 8 p.c. p.a Mar. 24 Booth-Macdonald and Co.—22s P-c. pref • • y • • - •• • • Mar. Kempthorne-Frosser Drug Co.— 4 p.c Mar. 31 Hume Pipe Co. (Aus.)-interim, p.a Apl. 10 • ord., pref. and deb. stk., 8 p.c. British Tobacco—interim, p.c. .. Mar. 31 pref., 5 p.c., ord, 3 p.c Mar. 28 umo ‘tuia-nut —mii-ip-Ted dopma Bank of Australasia —final, 7 p.c. Apl. 4 Milne and Choyce, Ltd. —interim,