In Good Tone

Sun (Auckland), Volume III, Issue 745, 19 August 1929, Page 10

In Good Tone

Market on ’Change

By

“Noon Call.”

STEAD* trading was recorded on 'Change this morning. Miscellaneous securities showing prospects of r. comparatively high immediate return meet with a teteady demand at the moment. The gilt-edge market is quiet.

Fluctuations Price movements, shown by a com- ; fcarison of sales on the Auckland j •Chans© during the morning with the price at the time of the previous sale, include:: Electrolytic Zinc (pref.), fall of 3d. (Previous recorded sale was in Dunedin on Friday last.) Business on the Auckland Market Business on the Auckland ’Change ,r this morning included the sales: At the early call.—On ’Change: Hank of Australia (Melboui?ne register). £ls 2s 6d. Reported: U’aion Bank of_ Australia (Melbourne register), £ls 2s Gd: Xorth Auckland Farmers’ (A pref.>. 14s; Electrolytic Zinc (pref.), 40s 3d At today’s midday call:—On ’(Change: Bank of New Zealand. 635. Reported: Bycroft. Ltd.. 345; Xorth Auckland farmers’ (B pref.). 12s 6d. [Market at Midday The banking and insurance groups fere Quiet. Several sales of Union Banks were made this morning in scrip registered in Melbourne. New Zealands are very firm at 635. The timber group continues idle, and practically neglected. Kauris are slightly weaker, with sellers at 18s 4d supported by a nominal buyer at 17s tid.

Bycrofts saw their first recorded sale since the payment of the last dividend «t 345. At this price the return, based on the latest dividend, is approximately £4 14s Id per cent. Colonial Sugars are slightly weaker, buyers only offering £ 57 this morn-

ing. compared with a market at £sf 7s Bd at the close of last week.

Mahakiwawa Goldfields, Ltd. A circular recently issued to shareholders in the Mahakipawa Goldfields, Ltd., states that unless a new issue of share capital can be raised in the near future the company will have no option hut to wind up its affairs. An extraordinary general meeting is called for tomorrow, when the followresolution will be submitted by the directors:—"That the capital of the company be increased by £10,000 by the issue of a further 200.000 shares of 1s each, payable at sixpence on allotment, with two calls of 3d ecah ” * * • Electrolytic Zinc Market Firm The market for Electrolytic Zincs is 'fry firm, and further sales we’-e recorded during the morning. I he head office of this company announces that it has been decided to extend its plant at Eisdon, Tasmania allowing for an increase in output to the extent of 30 per cent. The new t’s"? 1 " m not operate until early in The company's output of zinc for the tons' enderl June S0 > was SO,ooft Dividends Due Grey and Menzies—B d.c. n a E ’ U *‘ pref. and ord. .. ” ~1 0, Victoria Nyajiza Sugar Co.'. Ltd —lnterim dividend of 74 p.cT (is 6d a share) .. . Wellington Woollen-10 p c'e a Y„Lank New South Wales— 1(1 pc' „ pa. (int.) . ■ Aur 27 Standard Insurance—Final divi’- | dend of Is 3d a share .. . Sent 3 Electrolytic Zinc—6 p.o 0 i d ■ and pref. (final) . - ' s PT , t s Holden's Motors—l 3 a share P ’ ’ ord. (final), making 10 pit [ n.a. and S n.c A and 13 ni-ef Sent 11 North Auckland Farmers—6 p c p.a., pref Sept. 6