Share Market Quiet

Sun (Auckland), Volume IV, Issue 1069, 5 September 1930, Page 11

Share Market Quiet

Movements on ’Change

By

“Noon Call.”

LITTLE of outstanding note has taken place in financial circles over the past 24 hours. The share market is quietly steady.

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. South British Insurance, rise of 3d. Colonial Sugar, fall of ss. British Tobacco, rise of Id. Business On the Auckland Market Transactions on the Auckland market recorded over the past 24 hours include: Yesterday afternoon. Commercial Bank of Australia. 19s 6d; National Bank of Australasia (con.), £6 16s: Union Bank of Australia. £ io (is; South British Insurance, 67s 9d; Colonial Sugar, £32 10s; Wilsons Cement, 40s.‘ At this morning's early call.—New Zealand War Loan. 1937, 5 1-8 per rent., £9." ss; Colonial Sugar, £32 ss; British Tobacco. 32s 6d. At midday. Wilsons Cement. 40s. Mount Lyell New Issue Oversubscribed The directors of the Mount Lyell Mining and Railway Company report that the allotment of shares in the new issue has been completed. The number of surplus shares applied for was greatly in excess of the number available, and the directors considered it to be in the interests of the company to give preference to applicants for small lots. The maximum individual allotment was GO. and after these allotments were made no shares were available for applicants for 500 shares and upward. Having regard to the number of shares applied for. the board decided to increase the issued capital to £1,550,000, making the new issue "(i0.805 shares, instead of 257,539 shares as originally intimated. ... Waihi Goldmining Company Tho following information has been ; cabled to the London office of the AVaihi lioldmining Company:—For the period ended August 23, comprising 22 crushing days, 15,541 tons of ore were crushed for result of 6.226 fin» ounces of gold and 35.944 fine ounces of silver: this includes 1,951 tons mined Tom the Grand Junction area, which jielded 773 ounces of gold and 8,265

ounces of silver; also 26 ounces of gold and 285 ounces of silver from residues from the site of the old Waihi rmll. In the No. 9 level of the Martha lode in the Grand Junction area, driving east, the next five feet assays 46s 9d a ton, and the next 28 feet is small sulphide veins averaging 9s over the width of the drive. In the No. 10 level of the State reef in the Grand Junction area, driving east, the next oL feet assays 45s 6d a ton; the width ol lode varies from 1 to 3i feet and is dipping one in one to, the north-west. Tui Mine to Close Down Owing to the attendance of insufficient shareholders of the Tui Gold Mining Company, Ltd., yesterday, the first annual meeting of the company was adjourned for a week. The annual report stated that it would not be in the interests of the shareholders' to continue operations at the mine. In the mitial stages it was hoped that payable ore would be met with in one of the three reefs showing in the main level. Unfortunately the seven month’s work which was put in in driving winze sinking and stoping had been of a negative nature. It had been very discouraging to the directors, as the location and the physical conditions of the mine were such that probably mining and treating ore could be carried out in the Tui mine at a cheaper rate than at any other mine on the Thames. N.Z. Shiping Company Directorate A Press Association message from Christchurch states that at a meeting of the New Zealand board of directors of the New Zealand Shipping Company. Limited, held in Christchurch. Colonel John Studholme, of Christchurch, was appointed a member of the board to fill the vacancy caused by the death of Mr. J. F. Studholme. Dividends Due Electrolytic Zinc—ord. and pref final, 4 p.c- . Sept. 6. Kaiapoi 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. p a Sept. 10. Ivempthorne and Prosser—interim, 4 p.c About Sept. 20. Bank of Australasia, interim. 14 p.c. p.a Oct. 3.