Gilt-Edges Firm

Sun (Auckland), Volume III, Issue 700, 27 June 1929, Page 10

Gilt-Edges Firm

| Activity in Brewery Debentures T

CONSIDERABLE business is being registered on ’Change and most gilt-edged shares are in demand. New Zealand /Breweries (debentures) are changing bands freely on an upward market.

Testerday afternoon’s business: —On Change: Auckland Gas, £1 4s 6d: Taranaki Oilfields, 3s Bd. Reported: National Bank of New Zealand, £7 3s; Bank of New South Wales, £sl 7s 8d ; Bank of New Zealand, £3 Is 6d: New Zealand Insurance, £2 Ss 6d; fcJrey Valley Coal, £1 3s 3d; HuddartParker, £2 5s 6d; New Zealand Brewpries, £3 14s 10£d; New Zealand Breweries, £3 15s: Timaru Brewery (5s paid), 8s 6d; Farmers’ Trading Company (ord.), 8s: New Zealand Breweries (deb.). £ 1 6s lid: New Zealand Breweries (deb.), £1 7s. Business at this morning's early • all:—On ’Change: Queensland Insurance, £3 3s 6d; New Zealand Breweries (deb), £1 7s 2d; Mount Lyell, ’.£2 Is od. Reported: National Mortgage, £4 9s: Kuddart-Parker, £2 5s t>d; East African Coffee, £2 3s. * * * Business at today’s mid-day call: On ’Change: New Zealand Breweries <deb.), £1 7s 2d. Reported: Grey "Valley Coal, £1 3s 6d: Kempthorne Jh-osser, £3 15s 7d; Waihi Goldmining Company, 11s 9d. Breweries are attracting numerous investors, and many shares are changing hands. Innes and Co. have persistent buyers at 20s. New Zealands are selling freely on a firming market. Insurance shares are in demand. Australian Provincials having buyers

at 10s Bd. New Zealands are exceptionally firm with buyers at 48s, the last sale being at 48s 6d. Queenslands sold this morning at 63s 6d. South British are firm with buyers at 66s 6d. In the miscellaneous Australian Glass is receiving considerable attention. Milne and Choyce have many eager buyers. New Zealand Fertilisers remain steady. Union Oil are asked for at 41s 6d. no shares offering, while Wilsons Cements are quoted with buyers 41s 9d, without attracting sellers. The banking section is attracting many investors and numerous transactions are beihg recorded. National of New Zealand are selling at £7 3s. New South W r ales changed hands last evening at £sl. 7s 6d, leaving the market firm. New Zealands are selling at 61s 6d. while Unions of Australia remain steady. Dividends expected in the near future include: Mt Lyell—ls 3d a share (int.) June 24 A. J. Entrican and Co.—6 p.e. p.a., ord., and 6 p.c. p.a., pref June 27 British Tobacco—22 p.c. on ord. (int.) June 29 ■“Loan and Merc.—p.c. on pref. (int.); 3i p.c. on 2nd pref. (int.); 3 p.e. on ord. (int.) June 29 TNew Zealand & River Plate _4£ p.c. (int.) July 1 National Mortgage (int.) .. July 2 Less 2s in £1 English income tax. fLess 4s in £1 income tax.