Bank Group Active

Sun (Auckland), Volume IV, Issue 1066, 2 September 1930, Page 11

Bank Group Active

Market on ’Change

By

“Noon Call.

TRADING was confined largely to the bank group on ’Change this morning. The market, generally, had a slightly firmer tone.

«i Iir.TUATIONS Price movements, shown by a comparison of sales over the past 2\ hours with the price at the time of the previous recorded sale include: E.S. and A. Bank, rise of 6d. Wilsons Cement, rise of 2d. Waihi Junction, fall of 2d. Business on Auckland Market Transactions on the Auckland market over the past 24 hours included: yesterday afternoon: Commercial Bank of Australia, 19s 9d. At this morning’s 10 o'clock call: English, Scottish and Australian Bank. £5 12s 6d; Wilsons Cement, 40s; Waihi Grand Junction, Is lid; Bank of New South Wales, £35 4s; Bank of New Zealand. 56s 3d. At midday:—Bank of New South Wales, £35 ss; Paddy's Point Cold Mining, 2s 9d. Hauraki Mine Closed The announcement of the closing down of the Hauraki mine is made in the half-yearly report of the directors of Hauraki Mines Consolidated. The report states that the expectations regarding the mine prospects mentioned in the previous report were not realised, notwithstanding the fact that considerable work was carried out in the region where rich specimen stone was obtained. Since the half year it had been found necessary to cease all work on account of the want of the necessary funds. Further financial assistance had been expected from Government, but that did not materialise, and the directors very regrettably were forced to close down the mine and apply for protection for the company’s mining privileges. Three parties were now conducting prospecting operations in different parts of the mine with a View to taking tributes from the company.

Moanataiari Mining Coy. The manager of the Caledonia Kuranui Moanataiari Gold Mining Company reports:—“During the week we continued driving on the footwall portion of the reef, which shows nice dabs of gold in the leader on the hangingwall side. The leader will probably run into the footwall in the next few feet of driving. The hangingwall portion of the reef has gone off at a long angle, and it now appears as if they are two different reefs. The footwall portion seems to correspond with the No. 1 dropper that the winze was sunk upon. The country is of a good description, but requires timbering fairly close to the face, on account of seepage from the back. C. L. Innes, Ltd. A net profit of £4,112 is shown in the annual report and balance-sheet of C. L. Innes, Ltd., brewers, bottlers, etc., of Auckland and Hamilton. This works out at a shade over 13 per cent, of the paid-up capital. The directors give little away in the balance-sheet and notice to shareholders. There is no profit and loss account, or any indication as to whether the usual S per cent, dividend will be increased. The company has erected a new modern building at Hamilton and this will be opened next week. Dividends Due Bank of New South "Wales—quarterly, 2* p.c Now. Electrolytic Zinc—ord. and pref final, 4 p.c Sept. G. Ivaiapoi Woollen Co.—pref., 6 p.c., ord. 4 p.c Sept. 6. Standard Insurance—final. Is 3d a share Sept. 9. Holden’s Motors—final. ord., 6d a share; pref.. 8 p.c. *>•*»- Sent. 10. Kempthorne and Prosser—interim, 4 p.c About Sept. 20. Bank of Australasia, interim, 14 p.c. p.a Oct. 3.