Quiet Tone on ’Change

Sun (Auckland), Volume II, Issue 591, 18 February 1929, Page 12

Quiet Tone on ’Change

Huddart Parkers Easier By "Noon Call." AVERY quiet tone wits registered at tlie week's openingcalls on Change this morning. The market for most of tin- better-class investments, however. holds firm.

Fluctuations Wailji Mininit. rise ol Jd. Bank of ’Asias were sought at a 14 17s •;.!, with no sellers. This concern announces an interim dividend at the rate of 14 per cent, payable on March *?. Other shares in the banking group are uuiet. Xew Zealands are very firm with holders at 63s 6d. supported by buyers at 635. In the shipping group. Northern ShMin.s. hold their increased strength of last week with sellers now asking 3d above par at 14s 9d. Steady buyers tire in at last week’s market price. Buyers of Huddarts withdrew this morning with sellers weaker at 48s. Several factors are operating to cause this trend. The directors have announced

a interim dividend at the rate of 5 i*< r cent, compared with 7 per cent. >. r the corresponding: period of last y«ar. There is also the loss experienced by the company on the Australian coast during the week-end. In the miscellaneous section one of t ie principal features of interest is the increasing attention being paid to :-iiares as Tonson Garlicks, Sharia nds and others which have been more or less neglected for a considerable period, indicating increasing faith in the industrial future of the country. Taranaki Oil.- are weak with buyers only offering 2s 9d. Business at this morning’s early call. —On ’Change: Waihi Mining. 13s lOd and 13s 13d.