COMMERCIAL

Greymouth Evening Star, 16 June 1930, Page 2

COMMERCIAL

STOCKS AND SHARES

[SPECIAL TO “STAR.”]

AUCKLAND, June 14.

With the exception of race week, which was a poor time for stock exchange business, the period ending last night, has been the slackest experienced since the end of April. It is an ill wind that blows no one any good, and investors have not overlooked the results that may follow upon the unfortunate disaster at Aiapuni. Coal, in large quantities, will again be needed by the Auckland Electric Power Board, and this means revenue for the Waikato coal companies. The extra orders thus obtained should prove very welcome in tiding them over the before the carbonisation scheme from which so much is hoped, comes to fruition. From former sales at £1 4/-, Taupiri’s moved up with transactions at £1 5/and £1 5/6. Another company that may expect profitably to participate in the work that has been recommended by the Government engineers is Wilson’s Cement Company. These £1 shares have sold during the week from £2 5/- to £2 5/3 and holders are now asking £2 6/-. In this connection the chairman of directors (Sir Geo. Elliott) gave some interesting figures at the annual meeting to dispel any idea that the company was in the hands of a few-plutocrats. He stated that there were 1314 shareholders, of whom 876 held less than 300 shares C AUCKLAND, June 16. Reported: Breweries, deb., 22/-; Mt; Lyell, 28/-; Devonport Ferry, 21/9; Colonial Sugar, 42/10.