Slightly Weaker

Sun (Auckland), Volume III, Issue 926, 20 March 1930, Page 10

Slightly Weaker

Noon Call."

Market on ’Change

By

THE improvement of earlier in the week has not been maintained and a slight weakening has been noted in the market for a number of well-known stocks .over the past 24 hours. Compared with last week, however, the market is firm with a rising tendency in certain directions.

T Actuation? 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: Commercial Bank of Australia, fall of 2d. Electrolytic Zinc, rise of 6d. Electrolytic Zinc (pref.), rise of 1s sd. Auckland Gas, fall of Id. Bank of New South Wales, fall of 9s. Business on the Auckland Market Transactions on the Auckland market over the past 24 hours, included. _ Yesterday afternoon: Mount Lye 1. ,:js 3d: British Tobacco. 22s Id: Col,.jual Sugar. £43 17s Gd; Electrolytic Zinc. 20s; ditto (pref). 27s sd; North. Auckland Farmers. _s Gd; Hamilton l ire Board. 1936. G per cent., £lOl 10s. At this morning's early call; Commercial Bank of Australia, ills lOd; Auckland Gas. 23s Gd. At midday: Bank of New South "Wales. £39 8s Gd; Mount Lyell, 33s Gd. Market at Midday Prices were erratic and. while some stocks were firmer, others again showed an easing tendency. Bank .-hares show a weakening tendency. * ommercials and New South Wales are easier. The insurance group is quiet, with . comparatively wide margin between sellers* and buyers’ ideas of value. In the miscellaneous group New Zealand industrials appear almost negh cted, but there is a better demand for a number of Australian stocks. Sanford ordinaries have the first buyer, one at 10s. for several weeks. This company closes its financial year at i ho end of May. * * * Mine Managers’ Reports Mine managers report as follow: Ftatiraki: Ordinary development work

is proceeding satisfactorily. The drive seaward on the Stockwood reef lias 1 been advanced to 50ft. The rise from the back of the stopes is up 95ft from the floor of the 400-feet level. During the past week the tributers, Marston and Blackmore, secured 101 b of specimen stone from a cross reef a.t the 300 ft level, in the footwall of Legge's reel’, at the 220 ft level worked in the palmy days of the mine- Arrangements have been made for the company to take over, and operations have been started already. Grey Valley Collieries Notice is given by the directors of Grey Valley Collieries, Limited, of intention to redeem all the outstanding issue of JO per cent, debentures in the company by .Tune 3. 1930. Principal and interest to date will be available at the office of the company, or at the Bank of New Zealand. Christchurch, on presentation ol' the debenture scrip which must be surrendered on payment. The company is empowered to proceed with the redemption by an endorsement on the debentures without further procedure. The issue was made following a resolution passed by a special meeting in February of 1927; funds were needed to repair damage caused by a serious explosion in the mine. The amount of £22,950 was outstanding at the date of the last annual balance. * # * Dividends Payable [ Amalgamated Wireless (Australi asia)—interim, 8 p.c. p.a Mar. 24 i Dunlop Perdriau —interim, cum. ! pref., 5 p.c., ord. 3 p.c Mar. 28 j Pukemiro Collieries, intermim, 2s j a share Mar. 31 - British Tobacco—interim, 3 p.c. Mar. 31 | llume Pipe Co. (Aus.) —interim, | 4 p.c Mar. 31 ! C. L. Innes—lnterim, pref., 4 p.c. Mar. 31 I Hank of Australasia—final, 7 p.c. A pi. 4 ! Howard Smith, Ltd. —interim, cum. pref., 6 p.c., p.a Apl. 5 i Kemptliorne-Prosser Drug Co. — I final, 5i p.c Apl. 8 ; Milne and Choyce. Ltd. —interim, ord., pref. and deb. stk., 8 p.c. p.a Apl. 10 New Zealand Breweries —interim 7i p.c - Apl. 14