Quiet Trading

Sun (Auckland), Volume IV, Issue 973, 16 May 1930, Page 11

Quiet Trading

Market on ’Change By “Noon Call.” QUIt I tiading in sound stocks is recorded on Cha'ngc. Prices are erratic.

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 id. Kempthorne, Prosser, fall of 6d. South British Insurance, fall of 6d. Bank of New Zealand, rise of 6d. Auckland Gas, rise of 4d. Kauri Timber, fall of 3d. Business on the Auckland Market Transactions on the Auckland market over the past 24 hours have included the follov.ing:— Yesterday afternoon: Newmarket Borough, 1944, 51 per cent., £100; Commercial Bank of Australia, 20s 7£d; South British Insurance. 595; HuddartParker, 37s 6d: Kempthorne, Prosser, ♦its: Robinson Ice Cream, 25s 6d; Mt. Lyell, 2Ss 6d. At this morning’s early call: National Bonk of Australasia (con.), £7 8s; Bank of New eZaland, 58s 6d; Auckynd Gas. 24s 2d. At midday: Rooinson Ice Cream, 25s f.d; New Zealand Insurance, 43s 6d: Kauri Timber, 12s 9d; New Zealand War Loan, 1935. 51 per cent., £9B.

Market at Midday Little movement was shown in the market at midday; there is a steady demand for sound New Zealand securities. shares in old-established and soundly-managed companies changing hands quietly. The gilt edge market is firm with buyers in for a wide range of Government and local body stocks and bonds. * * * Waihi Gold Mining Results

The following information has been cabled to the London office of the Waihi Gold Mining Company: For the period ended May 3. comprising IS£ crushing days, 15,086 tons of ore were crushed for a result of .">.163 fine ounces of gold an' 1 28.700 fine • ainces of silver; this includes 1,132 tons mined from the Grand Junction area, which yielded 541 ounces of gold and 9,771 ounces of silver; also 70 ounces of gold and 171 ounces of silver from residues from the site of the old Waihi mill.

In the No. 9 level of the Martha Lode driving oast of the 440 ft crosscut, the first 30 feet assays 11s 6d a ton. In the No. 10 level of the Martha Lode, east of the boundary crosscut, driving was done for 15 feet east of the 100 ft crosscut in quartz ot little or no value, the north wall being seen. Driving is suspended here and a new drive commenced east on the south wall. In the No. 11 level of the Martha Lode, driving west, the next 11 feet is of little or no value. The lode was crosscut at 54 feet and, measuring from the south wall, the first four feet assays 12s 9d a ton, and the last 16 feet is of little or no value. In the Empire Lode, south section, west of Bath crosscut, we are crosscutting north at 73 feet. In the No. 13 level of the Martha Lode, east of Williams’s south-east crosscut, at 38 feet the assay value is 9s Gd a ton, westward at 25 feet the assay value is 63s a ton, and at 33 feet 12s 3d a ton.

Gisborne Gas Year A net profit of £3,239, approximately 5.1 per cent, of its paid-up capital is shown in the annual report and balance-sheet of the Gisborne Gas Company for the year ended March 31 last. The directors recommend payment of the usual dividend at the rate of 8 per cent, on the preference issue and a final dividend of 6d a share on the ordinaries, making a total of 5 Per cent, for the year. The sum of £1,572 is carried forward at the credit of profit and loss.

Dividends Due Dental and Medical Supply— UG ’ annual, 4 p.c May 19. Grey Valley Coal interim, 3 P-c May 21. National Bank of Australasia—final, both issues, 10 p.c. p.a. May 2S. Bank of N.S.W.—quarterly, 2J P-C. May 28. Farmers’ Trading—A and B pref., 7 p.c. p.a May 31. Burns-Philp—final, 10 p.c. p.a. May New Zealand Paper Mills—final, 71 p.c. p.a May 29. P. and O. Deferred Stock—interim, 5 p.c., free of English _ tax May. Wilsons Cement—final, 5 p.c., bonus, 21 p.c June 4. Mount Lyell—interim, 5 p.c. .. June 23. Faterine Stock Foods—pref., 5 p.c. p.a June. Calls Reliance Loan Co. —pref., 2s 6d a share July 2.