Increasing Optimism

Sun (Auckland), Volume IV, Issue 985, 30 May 1930, Page 13

Increasing Optimism

Market on ’Change

By

“Noon Call”

THE movement toward, higher price levels continues. A feeling of increasing optimism is finding its way on to the ’Change and this is being reflected by a firmer buying strength.

pluctuations Price movements, shown by a comparison of sales over the past 24 hours with a price at the time of the previous recorded sale, include: — Colonial Sugar, rise of ss. New Zealand Breweries, rise of 3dBank of New Zealand, rise of Id. English. Scottish and Australian Bank, rise of Is. * * * Business on the Auckland Market Transactions on the Auckland market over the past 24 hours have included the following: Yesterday afternoon. —K.S. and A. Eank. ££6 10 s ; Bank of New Zealand, 08s lOd: N.Z. Insurance, 44s 9d; Devon port Steam, 225; N.Z. Breweries, -js 3d: Colonial Sugar, £4l ss; Farmers’ Trading, Ss 9d; Gear Meat. 37s 6d. At this morning’s early call: Farmers' Trading. 8s 9d (two parcels); Union Bank of Australia, £ll 13s 6d; Alburnia Mining, lid. At midday: Devonport Steam Ferry, 22s (two parcels): New Zealand Breweries, 52s 3d. Market Very Firm V brighter tone in the Australian market is being reflected in New Zealand. and there has been an all-round increase in the volume of business transacted. In the banking group, little movement has been recorded, although the general tendency has been toward higher levels. Insurance shares are meeting with a decidedly firmer demand, and buyers predominate. The market for Farmers' Fertilisers lias jumped up to find buyers at 19s 3d with sellers out of the market. Wilsons Cements are meeting with a

keen demand at a middle price which allows a return, after allowance has been made for the payment this month of Is 6d (final distribution for the year) of approximately 5.6 per cent, on investment. * **• Waihi Gold Mining Company The following information has been cabled to the London office of the Waihi Gold Mining Company:—No. 9 Level, Martha Lode. —Driving east the next 29 feet; assays 6s 3d a ton. No. 10 Level, Martha Lode.—Driving east of the boundary crosscut along the south wall, the next 35 feet is of little or no value. At 110 feet in the Junction south-east crosscut we have driven to the east on the State reef 35 feet. The assay value over this length is 58s 3d a ton. The north wall is seen. No. 11 Level, Martha Lode. —Driving west the next 15 feet is of little or no value. Worlj is suspended. No. 13 Level, Martha Lode.—Driving east of Williams’s south-east crosscus, tho next 12 feet assays 9s 9d a ton. Driving west, the next; 12 feet is a mixture of quartz and country, the assay value being 21s 9d a ton. Dividends Due Farmers* Trading—A and B pref., 7 p.c. p.a May 31 Henry Jones Co-op.—interim, 9d a share June 2 Wilsons Cement—final, 5 p.c., bonus, 2$ p.c June 4 Bank of N.Z.—final and bonus, ,_ 14 lz3 P.c. p.a. June 21 .Mount Lyell—interim, 5 p.c. .. June 23 Australian Glass—final, ord., 5 p.c.; bonus, 2£ p.c.; pref. final, 45 p.c . . June 25 Farmers’ Trading—ord., 10 p.c. _ P-. a June 26 Fatenne Stock .Foods—pref.. 5 p.c. p.a June Loan and Mercantile—lnterim, ord., 2 p.c.; 5 p.c. pref., 2£ p.c.; p.c. pref., 3| p.c. .. June