Steady Trading

Sun (Auckland), Volume III, Issue 791, 11 October 1929, Page 10

Steady Trading

Better Tone in Insurances Bv -Noon Call. ’ A STEADY demand for banks and a brighter tone in the insurance group make two of the features on ’Change over- thf pa't -J4 hours. A healthy volume of trading is recorded.

parison of sales over the past ”4 hours i ' vious recorded sale, include: South British Insurance, rise of Is. Union Bank, rise of 1s 6d. Waihi Mining, rise of Id. N.Z. Insurance, rise of 3d. Business on Auckland Market Transactions on the Auckland market over tiie past 24 hours have included the following: Yesterday Afternoon. National Hank of New Zealand, £ 6 14s; Union Hank of Australia. £ 14 14s: New Zealand Insurance. 45s lOd: Goldsbrough .Yfort, 45s 9d: Taranaki Oil. as. At this morning’s early call.—On Change Commercial Bank of Australia. 28s lid. Reported: Australasia, Cl 4 2s 6d; South British Insurance, At today's midday call. —Reported: New Zealand Insurance, 465: Bank of New Zealand. 60s -Id South British Insurance. 655: Goldsbrough, Mort, 45s 9d: Commercial Bank of Australia. 2Ss lid. On Change: Waihi mining, 13s 6d. Market at Midday Miscellaneous securities are neglected and investors at the moment appear to be concentrating on banks and insurance shares. Healthy trading has been recorded in these sections over the past 24 hours. In the loan and agency section Goldsbrough Marts are selling at prices which allow an immediate return on ihe last dividend of approximately £ 6 lls per cent., compared with a return of £6 16s on the market at the beginning of the week. New Zealand Guarantee Corporations, right on the dividend, are quiet and not quoted. < 'oals are quiet, but buyers hold re-

cent quotations for most shares. Pukemiros, offered at 7 4s, are unsupported. In the brewery group Innes and Co. continue to attract steady buyers, but cannot be drawn on to the market. Buyers offer 86s 6d for New : Zealands. \ Increased life was shown in the market for Waihis in the mining group I this morning, and sales were made at 13s 6d, a penny above the price at the time of the last Auckland sale. Dunlop Perdriau Profits First accounts of the Dunlop-Perd-riau Rubber Company, Ltd., since the i amalgamation, show a net profit of £549.032 on the two sections of the business*, after making provision for depreciation and taxation to June 30. j The gross profit, including that of the [ Perdriau section, after deducting the * interim dividend paid, amounted to £1,015,438. A dividend of 10 per cent, per annum on both preference and ; ordinary capital has been declared. To general reserve £ 50,000 has been transferred, and the carry-forward ! amounts to £57,784. The paid-up capital of the united companies is £4,694.151. Tui Gold Mining Company i The manager reports steady progress at the mine, but no timber has arrived from Auckland, nor is there l any word of the rails ordered. It is ; expected to take delivery of the battery j this week. Dividends Payable Due. Milne and Choyce—S p.c. p.a. shares and del*, stk Oct. 10 Farmers’ Co-op. Auctioneering—B p.c. p.a Act. 12 Waihi Gold Mining Co.—ls a share Nov. 1 N.Z. Guarantee Corp.—lOd a share, fully-paid ord., 7 p.c. pref., 4d con Nov. 12 Broken Hill South—ls 6d a share Nov. 15