Extreme Caution

Sun (Auckland), Volume IV, Issue 958, 29 April 1930, Page 11

Extreme Caution

Position on ’Change By “Noon Call.” A X atmosphere of extreme caution surrounds all business n transacted on ’Change at the moment. Brokers are mingling uncertainty with caution even in the placing of quotations.

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:— Commercial Bank of Australia, fall of 4d. N.Z. Guarantee Corp., fall of Id. Bank of New Zealand, fall of 6d. Business on the Auckland Market Transactions on the Auckland market over the past 24 hours have included:— Yesterday afternoon:—Bank of New Zealand. 595; N.Z. Guarantee Corporation. *s lid: North Auckland Farmers’ (B pref). Ss 9d: Auckland Gas, 23s 9d At this morning’s early call: British Tobacco. 40s: Kauri Timber, 13s 6dCommercial Bank of Australia, 21s Gel. At Midday: Bank of New Zealand ".Ss fill: Auckland Gas, 23s 9d; New Zealand Farmers’ Fertilisers, 18s 10dBycroft, Ltd.. 345: New Zealand inscribed stock. 1933. 5J per cent.. £99 £s 6d. Market at Midday Luo largely to bearing influences from across the Tasman, the general trend of the market is toward lower levels; the gilt-edge market, as usual in times of stress when the average investor places security before everything else in making a selection, holds fairly firm. the feature of the banking group is the decline of New Zealands, Commei-

cials are easier, but that was expected following the general weakness on the Australian market. In coals, Waipas, since the publication of the company’s balance sheet showing" a big decline in income, are practically neglected and sellers at 11s are unsupported. Slightly more attention is being paid to tin shares, but mlaing, generally, is neglected. * * * Mine Managers’ Reports Mine managers report as follow; Alburnia.—“lri the drive north on the hangingwall branch of the Orlando lode, very little work has been done in the face for the week.” Lucky Shot.—‘Thd* drive at the bottom of the winze has been advanced a further distance of 7 feet. The country encasing the reef is now everything that could be desired, and in another 12 feet of driving should put it in under the run of gold we had in the level above.” Dividends Due British Tobacco —pref., quarterly Apl. 30 \\ aipa Collieries, 5 p.c. p.a. . . May 1 English, Scottish and Australian Bank, interim May 1 Aust. Iron and Steel, interim . Pref., 7£ p.c., p.a May 1 Union Oil, Soap and Catidle —interim, 9d a share May 5 vvaihi Gold Mine —Final of Is a share May 9 Dalgety and Co.—interim, 5 p.c. May 15 National Insurance Co.—interim, Call— a share May 15 Reliance Loan Co., pref., 2s 6d per share July 2