Steady Trading

Sun (Auckland), Volume III, Issue 748, 22 August 1929, Page 10

Steady Trading

Market on ’Change

By

"Noon Call."

STEADY Trading is recorded on ‘Change. Banks continue to meet a very firm market.

P'uctuat.ers Price movement*, shown by a comparison of sales over the past 2* hours, with the price at the time of the previous recorded sale, rnclude : New Zeatand War Loan, 1933. 5- per cent., rise of ss. Mpunt LyeH Mining, rise of 6d. Waihi Mining, rise of Id. * • e Busmess on Auckland Market Transactions on the Auckland market. over the past 24 hours included the Xollowing: Yesterday rfternoon.—Mount Lye 11 Minins’. 455: New Zealand War Loan. 1933. 5* per cent.. £lOl 12s 6d: Bank New South 'Wales, £52 : Commercial Bank of Australia. 29s 6d (two parcels). Business at this morning's early r*ll—Reported: Xational Bank of New Zealand. £6 19s. At tfc<* mid-day call.—Reported: Australian Bank of Commerce. 365: Auck--1 nd Gas. 24s Id: Waihi Mining. 12s 3d. C»*ey and Menaies, Ltd. At the annual meeting of Grey and Aienzies. Ltd., held yesterday, the chairman, Mr. A. B. Robertson, reported that the year had been one of keen competition, and that results : nder the circumstances must be considered very satisfactory. Prospects for thn coming year were as good as « ould be expected, as all industry at present seemed to be very much in the doldrums. Firmer Tone in Waihi Mining The market for Waihis shows a dei dedly firmer tone, and sales were made outside the call room at 12s 3d

this morning: more were wanted at that figure at mid-day, but sellers asked 12s 4d. The general tone of the mining group shows a slight improvement. Buyers of Ohinemuris offered 10s 3d at midday. but sellers asked 10s 7d. The market for Mount Lyells is very firm, holding recent improved high levels. Market at Mid-day The banking group is quiet, but most shares are sought at late prices. Insurances are in the same position, the market showing little movement. In the loan and agency group. New Zealand Guarantee Corporations are receiving increased attention as the date of the dividend approaches, and the market closed this morning with sellers asking 9s 9d. compared with the latest sale price of 9s 7d. Coals are quiet and idle. There is a steady demand for most scrip in the section. The gilt-edge market is very firm, most local body and Government debentures meeting with a very firm demand; sellers are hard to locate. * * • Dividends Due Due. Grey and Menzies—S p.c. p.a., pref. and ord Aug. 21. Victoria Nyanza Sugar Co.. Ltd. —lnterim dividend of 7a P-c. (Is 6d a share) Aug. CL Wellington Woollen —10 p.c. p.a. Aug. Bank Xew South Wales—lo p.c. p.a. (int.) Aug. 27. Standard Insurance —Final dividend of Is 3d a share .. .. Sept. 3. Electrolytic Zinc—6 p.c. ord. and pref. (final) Sept. 6. Holden’s Motors—ls a share ord. (final), making 10 p.c. D.a_ and S p.c. A and B pref. Sept. 11 Xorth Auckland Farmers —6 p.c. p.a., pref Sept. 6.