COMMERCIAL

Greymouth Evening Star, 2 December 1929, Page 11

COMMERCIAL

AUCKLAND TRANSACTIONS, i (Special to "Star.") AUCKLAND, November 30. From the look of things it would, seem as though the local Stock Exchange is in for a spell of quiet trading. The week ended last night was duller than its predecessor and with Christmas on the near horizon, with its hundred and one claims on the public purse strings, there is more than likely to be a dimunition than an increase of funds available for investment. There is no gainsaying the fact that the uncertainty in regard -to future values has had a deterrent effect on business, and the turnover last week was the smallest recorded, for a considerable period. Auckland gas shares have been strong all the week

and at the close holders raised their reserves to £l/5/7 with buyers advanced to £l/5/2. Coals too, are in steady demand. Pukemiros now have buyers at £3/11/6 for the £1 shares. Important events of the week have been the annual meeting of the Westport Company, which has concluded another successful year, and the annual conference in Wellington of the Coal Mine Owners’ Association. Quite encouraging reports of the industry were received from both gatherings. There has been a fair amount of interest at low figures for the various lines in local mining and some attention was given to various tin mining companies, but actual business has been confined to Mount Lyells and Waihi’s. The scrip of the latter gold mining company has firmed up again in consequence of favourable reports from the mine and sales have been made from 12/8 to 13/-. Mount Lyells, on the other hand, have dropped" back 9d. r P)viC’ miict llrx in cnrn-i vinLLxr

This must be m sympathy with the general Australian position for on their own merits these shares might have been expected to appreciate as the result of the very excellent report just issued, and which came to hand on Wednesday. .According to this, the company increased its profits very substantially last financial year, and even at 20 per cent its dividend only utilised 79 per cent of the net profits. STOCKS AND SHARES. AUCKLAND, December 2. Morning call: Renown Collieries 17/. Reported: Bank of New Zealand D pref. 28/6. BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Company, Limited from their London Office, dated November 29:— Butter: Market weak and irregular. Danish 188/. to 190/-: N.Z. Finest 166/to 170/-; Australian Finest Unsalted 172/- to 176/-; Australian Finest Salted 164/- to 168/-; Australian G.A.Q. 160/- to 162/-. Cheese: Market quiet. N.Z. White 94/- to 95/-; N.Z. Coloured 92/- to 93/-; Canadian White and Coloured 96/- to 98/-; Canadian C.I.F. 92/- to 95/6. '