THE MINING MARKET

New Zealand Herald, Volume LXXIII, Issue 22524, 15 September 1936, Page 5

THE MINING MARKET

MOST LEVELS STEADY

MT. MORGANS AT CURRENT RATE

Levels for milting shares were largely unchanged on the Auckland Stock Exchange yesterday. Business was confined to Mount Morgans, which were dealt in at the current rate. Closing quotations were:— '

YESTERDAY'S BUSINESS / . Following is a list of yesterday's transactions in mining shares on Isew Zealand Stock Exchanges:— AUCKLAND EXCHANGE Sale ~ Price Bise or Yield £ s d Fall £ art Mt. Morgan (2) 013 0 ' 11 10 . 9 WELLINGTON EXCHANGE Sale Price Yield £sd £ a d Mount Morgan .. 013 0 11 10 9 CHRISTCHURCH EXCHANGE Mount Lyell 19 1 *3 8 9 Mount Morgan (3) 013 0 11 10 9 DUNEDIN EXCHANGE Mount Morgan .. 013 0 11 10 9 Unofficial List.—-New River, B%d. •Baaed on interim dividend at rate per annum.

STANDARD INSURANCE SCOPE OF OPERATIONS EXTENSION ABROAD SUGGESTED A suggestion that the Standard Insurance Company, Limited, the head office of which is in Dunedip, is considoring the extension of its activities beyond New Zealand and Australia was made at the annual meeting of tho company Inst wqek. v "Uuless we decide to» widen our sphere we cannot hope for great development," said Mr. W. F. Edmorid, chairman of directors, in the course of his address to shareholders. "Slowly but surely we have built up our reservos during the past 62 years, and to-day few companies are in a sounder position, but if we are to keep pace with our contemporaries, I feel satia» fied the time has arrived when 'we should seek fresh fields and pastures

new." ' - Reference to the same subject was made later in the meeting by another director, Mr. G. W. Hutchison, ol Auckland. Mr. Hutchison said he felt sure the directors would approach the subject of extending the company s oDerations outside Australia and .New Zealand with the greatest care and connervativeness. Personally, he thought it would*be sound policy for the board to look further afield.

Buyers Sellers Alexander (15s pd). £ g d £ s d — 0 16 0 Argo — 0 1 10 Big Hirer — 0 2 1 Blackwater 1 12 6 1 14 6 Consolidated Gold. —• • 0 17 0 Gillespie's Beach .. 0 If 4 0 1 8 Golconda Holdings — 3 0 1 2 Golden Crow 0 4 0 5 6 Golden Daw 0 o 7 , 0 2 9 Goldfields Dredg. — 0 0 3 King Solomon — 0 1 3 Komata Beefs 0 5 6 0 6 6 Martha . . . — 0 19 0 Mataki Gold Dredg. 0 1 0 0 1 4 Mossy Creek — 0 1 9 N.Z. Crown Mines — 0 2 0 Skippers 0 0 3 0 0 4% Talisman Dubbo .. 0 8 3 0 9 0 Waihi Investments 11 and Exploration 0 JO 6 0 0 Waihi Grand June. 0 3 4 0 3 7 Australia and FijiEmperor — 9 0 10 6 Mount Lyell 1 8 1 3 Mount Morsrnn .. 0 12 11 O 13 1 Tavua Gold Dev. — 0 y 3 , Upper Watut , .. — 0 3 6