A Quiet Tone

Sun (Auckland), Volume III, Issue 769, 16 September 1929, Page 10

A Quiet Tone

Market on Change By “Noon Call.” THE week on 'Change opened this morning with all sections registering a very quiet tone. No sales were made at the early call.

FLUCTUATIONS Price movements, shown by a comparison of sales made on the Auckland 'Change during the morning with the price at the time of the previous recorded sales, include:— N.Z. Breweries (deb.), r «se of 76. Business on the Auckland Market Not for many weeks has there been as quiet a morning on the Auckland market. Only one sale, that of New Zealand Breweries debentures, at 30s Id, was recorded. Market at Midday The banking and insurance groups are very quiet, the market showing practically no movement. Commercial Banks are a little firmer. In the loan and agency group, Dalgetys register an easing tendency with sellers at £ls 2s 6d. Farmers’ Auctioneering scrip meets with a steady demand, sellers of the ordinaries still holding for par. Coals attract more buyers than sellers. Renowns are a little firmer with buyers at 15s 7d, Id. above the figure at which several hundred shares changed hands last week. Taupiri rights, which had to be in at the company’s office by midday today, have been withdrawn from quotation. New Zealand Breweries continue very firm with a market in the vicinity of 90s. The market for the debentures jumped 7d this morning and closed with a steady buyer at 30s Id. The miscellaneous group is lifeless. i

Buying quotations for Milne and Choyce preference and debenture issues were 3d below Saturday’s market, but, owing to the generally easy tone of the market, little can be taken from this as there were no sellers. Mining is lifeless. Lucky Shot Mines The market for Lucky Shot scrip has not recovered from the easier tone of last week. Sellers at Is 3d were unsupported at the early call this morning. Reporting for the week ended September 14 the manager stated that gold had been seen freely in the ore broken out, and several pieces of picked stone had been selected. The intermediate level was ready for driving ahead. The reef there was very heavily mineralised, and when breaking down at the date of the report, strong dabs of coarse gold had been seen in the ore. Dividends Payable Due. Huddart-Parker—s p.c. ord.. 3 p.c. pref. (int.) Sept. ID. Kempthorne Prosser—4J p.c. (int.) Sept. 24. Pukemiro Collieries—ss a share (final) Sept. 26. Auckland Farmers’ Freezing Co.—6 p.c. p.a Sept. 27. Hume Pipe—B p.c. p.a. (final).Sept. 30. British Tobacco—22 p.c. ord. (int.) Sept. 30 Whittome Stevenson, 2s a share (final) Sept. 30 C. L. Innes and Co.—B p.c. p.a. ord. and pref. (final) Oct. -1. Bank of Australasia—7s a share (int.) Oct. 4. Milne and Choyce—B p.c. p.a., shares and deb. stk Oct. 10. Waihi, Is a share (int.) .. Nov, 1