An Air of Uncertainty

Sun (Auckland), Volume III, Issue 829, 25 November 1929, Page 10

An Air of Uncertainty

Market on ’Change Tiy "Noon Call.*' A SUC JIT reaction t(* recent. Australian Government announce incuts in respect to taxation and control ol linmiec is noted on Change. Tho market for banking shares and shares in all Australian concerns has an easier tone, buyers, in many instances, withdrawing meantime. There is an air of uncertainty as to the future.

r : net u.it tOM-> pari son of Jr 1 a It s timing the morning with the Pri>'• • at the time of the previ- ! ous recorded sale, include: Commercial Bank of Aust., fall of Id. Dalgety and Co., fall of 2s 6d. New Zealand Insurance, fall of 3d. Waihi Mining, rise of 2d. Business on the Auckland Market Transactions on the Auckland mar- j .Let this murning included: ; the earl) • ill.— I Reported aa la te ; >.,i, s Saturday: Dalgety and Company. | o |;{ Union Hunk of Australia. £ 1 4 Ss. ditto (Melbourne register). £l4 6s j ml un 'CliunKe Waihi Mining. 12s Sd. At this morning's early call.—Late .*l, , r- ported from Saturday: Dalgety in.l Co.. £ 13 6s; Union Bank of Aus- | ttalia. Cl 4 6 s 6d: ditto (Melbourne i • aisl 1 ■ r>, C I 1 Hs. On ’Change: Waihi Mining. 12s 8«i. At the midday call.— Keported: Comtmreial Iktnk of Australia, 27s ad; South British Insurance, 64s 6d: Grey Valley Collieries, litis lid: Union Steam U»relV >. -Is. On ’Change: New Zealand Insurance. 465. Market At Midday A comparatively healthy turnover for i Monday morning was recorded on Change this morning. The bonking group is quiet, buyers influenced largely by the announcements from across the Tasman relative to increase in taxation and interj . ri nee with existing arrangements for the control of banking. Greater activity was registered in ♦ ho insurance group, both South British and New Zealand’s changing hands. Goldsbrough. M orts. ex rights, were not quoted. The rights met with a fctendy demand at 7s. Grey Valleys, in the coal group, have e. slightly firmer tendency, and sales ere made at -6s lid. a price which offers a return based on the S per cent, dividend approximately £5 ISs 6d per cent. The miscellaneous group is quiet. | Sanferds drew a buyer, after a com- i parutively long period of neglect, at ! 1 6s !Kl. Waihis art' active on a tinning I market. • * • Mme Managers’ Reports Mi pm managers report as follow: j Waiomu Sulphide Corporation.— j at the mine is reported to be \ proceeding satisfactorily in tho hope of j starting milling within the next few! weeks. The installation of plant is being proceeded with. Golden Age.—“ The drive on Fox’s j leader has beep extended 8 feet. The leader is 9 Inches wide, of heavily min- j era Used ore. No gold has been seen

ni it. out Tiic ore iooks very promising at present.” Alburniu. —"The leading stope on main Orlando lode has been carried along for a distil nee of 65 feet. The reef her*' averages three feet wide and is a strong, heavily mineralised body of stone carrying antimony, blend and silica. The rise on the cross leader, from the drive north on the hangingwall branch of the Orlando lode, has been risen seven feet, a total of 55 feet. The reef hero averages 1- inches wide and carries nice mineral blend and silica; dabs of gold are seen in the lanky Shot. —"The stopes above No. ■J winze have been stopped until the battery starts crushing, which will be about the end of this week. The men from the stopes have started on the south face at the intermediate level and a distance of eight feet has been driven. The reef is two feet wide, of high grade ore, gold being seen in the ore at each breaking down. Ohinemuri Gold and Silver Mines.— “During the period ended November 23, development operations were suspended and all work concentrated on stoping. At No. 3 level stopes are being carried on the Camoola reef, north and south of No. 3 winze, where sulphide ore of good grade is forthcoming. Further stopes are in progress at the Silverstream cross-cut and at a point 750 feet farther south. At the latter point highly payable ore is being mined for a width of ten feet. Stoping northward of main rise, south section, 1,7-0 feet from main crosscut is also in progress in payable ore. At No. 4 level, north section, on Camoola reef, stoping is proceeding north and south of No. 1 vise, 570 feet north of main crosscut. Here the sulphide ore averages eight feet in width, of good grade. Several mechanical difficulties at the mill delayed the commissioning of the full complement of the 20 heads of stampers. All these have been overcome and the mill is now crushing at full capacity.” Dividends Payable Due. Wilsons Cement—interim 5 p.c. Nov. 26 Nat. Bank of Australasia—inetrim, ord. and con., 10 p.c. p.a Nov. 27 Leyland-O’Brien—final, lOd a share Nov. 27 N.Z. Paper Mills—interim, 3) p.c Nov. 29 United Insurance—interim, 10 p.c. p.a Nov. Westport Coal—final, 5 p.c. .. Nov. Aust. Glass—interim, 9 p.c. p.a., pref.; 10 p.c. p.a. ord .. Deo. 1 Henry Jones Co-operative—-final. Is Cd a share Dec. 2 N.Z. Breweries —interim, 7i P.c Dec. 2 Bank of N.Z.—interim. Is 4d a share Dec. 7 Amalgamated Wireless—B p.c. P-a Dec. 8 Mount Lyell—final. 2s 9d a share Dec. 18 Kauri Timber—3 p.c. .. About Dec. 13 Loan and Mercantile Agencv Co.—final, pref.. 2i p.c. and ord., 5 p.c Dec.