Steady Trading

Sun (Auckland), Volume III, Issue 770, 17 September 1929, Page 10

Steady Trading

Market on ’Change Bv ‘•Noon Call.” A QUIET tone is recorded on ’Change. Little movement lias been recorded in the market over the past 24 hours, but business is maintained at. a comparatively healthy volume.

fluctuations Pric* movements, shown by a comparison of sales over the past 24 hours with the price at the time of the previous recorded sale, i ncl ude: N.Z. Guarantee Corp, rise o.f Id. Union Bank, fall of 6d. Farmers’ Auctioneering Co., B (pref.)» rise of Id. E.S. and A. Bank, rise of 3d. Wilsons Cement, fall of 2d. Farmers’ Trading, fall of 2d. Auckland Gas, rise of Id. Business on Auckland Market Transactions recorded on the Auckland market over the past 24 hours include: — Yesterday afternoon: —N.Z. Breweries (deb.), 30s Id; Eng., Scot, and Aust. Bank. £8 9s 6d; Union Bank of Australia, £ls Is 6d; N.Z. Guarantee * orporation, 9s 9d: N.Z. Breweries, 90s and 91s; Wilsons Cement, 44s Id. At this morning’s early call: —South British. Insurance, 66s 6d; Farmers’ Auctioneering Co. B (pref.), 17s 7d; N.Z. Inscribed Stock, 1927-41, 5i per cent., £99 10s. At today’s midday call. —Auckland Gas. 24s 9d; Commercial Bank of Australia, 30s; Farmers’ Trading, 9s sd. Market at Midday Little movement is recorded in the banking and insurance groups. The market for Australian Bank oli Commerce shares has slumped to see sellers at 35s 3d, compared with sales a week ago at 365. Unions of Australia are also easier.

Woollens are weak and sellers are unsupported. This can be accounted for largely by the fact that the bal-ance-sheets of woollen companies published lately have shown anything but a prosperous condition. For the most part, competition is proving a big factor in the fight for shareholders’ surpluses. The miscellaneous group remains friuiot, with practically no movement to

record. Colonial Sugars are a little firmer. The market for this scrip is depressed largely by the fact that the overseas outlook for sugar has been affected lately by reports to the effect that there is a tendency toward overproduction.

Wellington Cordage Company A loss on the year’s trading of £ 340 is shown in the 18th annual report of the Wellington Cordage Company for the year ended July 31. The balance brought forward from last year reduces the debit at profit and loss to £153. The report states that since the close of the year sales of the company’s products have increased and the outlook for the new year is much more promising. N.Z. Guarantee Corporations Firm The market for N.Z. Guarantee Corporation shares is very firm, showing a rising tendency as the date of the publication of the company’s annual report approaches. Accounts closed iTi August. It is expected that the company will record a good year. It is interesting to remember that the market for this scrip at the corresponding date of last year was quiet in the vicinity of 9s. Dividends Payable Due. Iluddart-Parker—s p.c. ord., 3 p.c. pref. (rnt.) Sept. 19. Kerapthorne Prosser—4l p.c. (int.) Sept. 24. Pukezniro 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—2s 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