A Quiet Morning

Sun (Auckland), Volume IV, Issue 987, 2 June 1930, Page 13

A Quiet Morning

Market on Change

By “Noon Call.' T HE market opened on ’Change this morning with all 1 sections showing a rather qmet tone. B lerallv appeared to be waiting the morning cable from SydSey showing the trend of the market there, prior to making heavv commitments.

Business on Auckland Market Transac tions c>n the Auckland mar- ' jet during the morning included: At the early call: South British In- j gurance. 59s 9d. At the midday cad: Westport Coal, | S»s «<*• * * * Market at Midday The influence of Race Week was felt i on this morning. Little busi- , cess was transacted, and normal trad- I ins - cannot be effetced until after the cio«e of the week. The banking section was quiet, although there was a steady demand for most stocks Buyers predominate! in j the insurance group. In coals, Westports sold, ex div, at a price which al- > lows a return of approximately 6.5 per I cent, on investment. Xew Zealand Breweries aro a Mttle j easier, with sellers at 52s unsupported, j Mining is practically neglected, j Jlount Lyells are firm with buyers at , £9s 3cl. * * * (Coal Oil fN.Z.), Ltd. Coal Oil (N.Z.), Ltd., reports for week j feruled May 31 : Drilled to 635 feet in mudstone; good J progress made.—P.A.

Vline Managers’ Reports j managers report as follow: | Lucky Shot.—The drive from the | bottom of the winze has been advanced : a distance of five feet for the week, and j the liangingwall portion showed strong colours when breaking down. The < ountry incasing the reef is now every - I thing that could be desired, and if the ; improvement continues I would expect j LO picked stone here at any time. Dividends Due j Farmers' Trading—A and B pref., 7 p.c. p.a May 31 Henry Jones Co-op.—interim, 9d a share June 2 !v\ llsons Cement —final. 5 p.c., bonus, 2J p.c June 4 ! Bank of N.Z.—final and bonus, 14 1-3 p.c. p.a June 21 Mount Lye 11—interim, 5 p.c. .. June 23 i Australian Glass—final, ord., 5 p.c.; bonus. 2i p.c.; pref. final. p.c June 25 I Farmers’ Trading—ord.. 10 p.c. p.a June 26 j Faterine Stock Foods—pref.. 5 j p.c. p.a June j Loan and Mercantile—interim, ord., 2 p.c.; 5 p.c. pref., 25 p.c.; 65 p.c. pref., 35 p.c. .. June