Quiet Trading

Sun (Auckland), Volume III, Issue 733, 5 August 1929, Page 10

Quiet Trading

Market on ’Change By “Noon Call.” QUIET trading characterised the opening market for tiie week on Change this morning. Most of the betterc ass shares meet with a steady demand on late levels.

Dullness On the Auckland Market Transactions on the Auckland market this morning: included:At early call.—Reported: Obrtnerauri Mining. 10s. At this morning's mid-day call. —On '• hangf . Whittome. Stevensons, 48 s. Imported: National Bank of New j ;*nd, £. 6 19s 6d; Sanford, "Ltd.. 13s 3d; Ghinemuri, 10s. Market At Mid-day The banking and insurance groups are quiet. National Insurance scrip has a slightly firmer tone following •*ales in the South on Saturday at 16s Si. Id in advance of the market earlier in the week. At this price the return, based on the last dividend, is approximately £4 12s 4d per cent. Buyers of Goldsbroueii, .Morts nibbed up 3d to 47s at mid-day. but sellers hold for 3d in advance of that price. Sellers of New' Zealand Guarantee « ’orporations were slightly easier at 9s 6d. In the coal group. Grey Valleys imped to 6d in advance of the last I ecorded selling price, making a closing middle price of 26s 6d. Pukemiros continue very firm with sellers not prepared to make declaration on the open market. Anthony Hordens were sought at 24s 6d. Buyers of New Zealand Farmers’ Fertilisers came in at 23s Cd. Whitrorne, Stevcnsons were very firm, sellers at the close asking 30s. Further sales of Ohinemuris were i ecorded at par, the market registering a very firm tone. Bank of N.S.W. Dividend The head office of the Bank of NewSouth Wales advises that its transfer books will close on August 12 for the purpose of the payment of a quarterly

interim dividend at the rate of 12 per cent. Greater Demand for Loan and Agency Scr.p One of the features of the market • the increased interest being taken Jin loan and agency scrip. Practically -i.U the shares in the group are sought hv steady buyers. The market for >. €-w Z* - aland Guarantee Corporations shows slightly more strength, closing this morning with a middle price of 9s od, compared with sales at 9s 2d, 9s 3d and 9s 4d last week. Goldshrough, Morts are also a little firmer, sales taking place in the South on Saturday at 475. compared with 46s j Sd earlier in the week. New Zealand Farmers’ Fertilisers Easier Tiie market for New Zealand tanners’ Fertilisers, which touched 24s 6(1 little more than a fortnight ago, , registers a gradual weakening tendency: sellers this morning at 24s 2d were unsupported. Sellers of Farmers’ Trading: ordin- ■ aMes were firmer this morning at £s 1 Northern Boots, with the annual rei port due :n the very near future, were 1 sought at 10s 6d this morning, sellers j asked 16s. Calls and Dividends Calls and dividends are due as follow: Dividends— Duc Electrolytic Zinc, 8 p.c., ord N -% nd T pref - < final > - Sept. 6 N.Z. Insurance, lid a share (final) . . .. August 6 Com. Bank of Australia, 4 per cent, p.a. (pref), 15 per cent., p.a. (ord.) August s 1 Dominion Investment, 7 pc. August 9 Victoria Xyanza Sugar, ’7i per cent (interim) \ugust 31 ’ Calls— Alburnia—2d a share July 31