Auckland Gas in Demand

Sun (Auckland), Volume IV, Issue 995, 11 June 1930, Page 11

Auckland Gas in Demand

Waihis Firm

A STRONG demand exists for Auckland Gas shares and buyers are slowly advancing. Waihis are inclined to firm-

Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included: Yesterday afternoon: Taupiri Coal (ord). ss: Northern Steamship ; _Y 6s sd: Dominion Pictures, £1 J . Farmers’ Trading Cord.). Ss 9d: Hill ind Plummer, £1 Is 6d: Mount I.yell, rt 9s "d: New Zealand Inscribed «tock. 1932. 5i per cent.. £9B 15s. A the morning early call: Mount T ve il, £1 9s 6ci. At the midday call: Union Bank of Australia. £l2 2s 6d: Dalgety (Melbourne register). £H 6s; HuddartFarker (pref.). 19s lOd. Market at Midday Considerable activity is registered in hank shares and numerous sales are being written up. Commercial of Australia, are slightly firmer. National of New Zeaalnd are improving. Naticna 1 of Australasia, both iesues, have ..iced for. New South Wales now have buyers at £4O sellers holding for £4O nw New Zealand arc ilrm. Union of Australia are unchanged, sales at midday at £l2 2s 6d. Many eager buyers are appearing for insurance shares National have buyers at 14s. sellers 14s 6d. New Zealand have firmed to buyers at 455, sellers are scarce. Queensland have steady buvers at 48s 6d. South British continue to attract investors. Timber scrip is again attracting investors. Kauri are steady with buyers ]3s 3d, sellers 14s. National have buyers' at 7s 6d, sellers 9s 9il. ParkerLamb also have buyers at 7s 6d, sellers lidding for 16s. • « * Mine Managers’ Reports Mine managers report as follow: Hauruki. —"Driving seaward on the pew reef at the 400 ft level has been uvanced 15ft for the week, leavingbout 15ft to reach the estimated point ;,f its junction with the Union Beach Cross reef. It was at the junction of this Cross reef and the StockwooJ r,-f that the first gold was got in this

section »nd level. The No. 1 winze on the new reef, which is down 30ft below' the 400 ft level, has been got ready for working with the intention ot driving to its junction with the No. 7 reef; estimated distance 80ft. The rise on the Stockwood reef from the 400 ft level to the drive from the bottom of the Tangye winze is up 103 ft, leaving a further 7ft. to reach its estimated junction with the Black reef.” * * * British Tobacco Interim The British Tobacco Company has declared an interim dividend of 3 per cent, on the ordinary shares payable on June 30. * * * Gcldsbrough, Mort Dividend Tiie head office of Goldsbrough, Mort advises that the annual meeting of the company will be held on June 27, and that, subject to audit of the accounts, the directors propose to recommend a dividend at the rate of 10 per cent, per annum for the last half-year. This makes 3 0 per cent, for the year, as against. 10 per cent, and a bonus of 5 per cent, for some years past. * * * Coal Oil (N.Z.), Ltd. Coal Oil (N.Z.), Ltd., report for the week ended June 7: ‘‘Drilled to 690 ft in hard sandstone. —I\A. Dividends Due . Due. Robinson Ice Cream—annual, 10 X p.c June 12 Devonport Steam —final, .>3 p.c. June 14 Bank of N.Z.—final and bonus, 14 1-3 p.c. p.a June 21 Mount Lyell—interim, 5 p.c. . June 23 Australian Glass —final, ord., 5 p.c. bonus, 2i p.c.; pref final, 4£ p.c June 25 Farmers’ Trading—ord., 10 p.c. p.a June 26 Loan and Mercantile—interim, ord... 2 p.c.; 5 p.c. pref., 2£ p.c.: 6£ p.c. pref., 34 p.c. . June 30 Morris Hedstrom—final, 4 p.c. .. June 30 Reliance Loan Coy.—final; ord., 5 p.c., pref. 4 p.c June