A Brighter Tone

Sun (Auckland), Volume III, Issue 792, 12 October 1929, Page 12

A Brighter Tone

Heavy Trading on ’Change

By

“Noon Call.”

THE week on 'Change closed this morning with the market showing a considerably brighter tone, with recorded iigures for business transacted over the past 24 hours the highest for many days. The interest of investors is spread over a comparatively wide range.

FLUCTUATIONS Price movements shown by a comparison of sales on the Auckland 'Change over the past 24 hours, \*ith the price at the time of the previous recorded sale, include:— N.Z. Insurance, rice of 3d. Com. Bank of Aust., fall of 2d. Bank of N.S.W., rise of ss. N.Z. Breweries (deb.), rise of 3d. Business on Auckland Market Business on the Auckland market over the past 24 hours included: Yesterday afternoon: —New Zealand Inscribed Stock, 1938, 4h per cent., £ 100 7s 6<l and £IOO 30s; Bank of New Zealand, 60s 4d; New Zealand Insurance, 45s 3d; Goldsbrough, Mori, 45s 9d; Auckland Gas (con), 18s Sd (two parcels): New Zealand Breweries, 88s 6d; Staples Breweries, 435. Business this morning:—Com. Hank of Australia, 28s 9d; Bank of New South Wales, £49 ss; New Zealand Insurance. 4Gs 8d; Auckland Gas, :4s 9d: New Zealand Breweries (deb), l‘9s: Union Bank of Australia (Melb. register), £l4 14s 6d: National Insurance, 16s 8d: N.Z. Farmers’ ,Co-op. of Canterbury (deb.), £94 10s. Robinson Ice Cream Issue New Shares The directors of Robinson Ice Cream Company. Limited, advise that they are now issuing the expected quota of new shares for the purpose of financing expansion of the company’s business. The shares are being issued on a basis of one new share for every ten now held, with a minimum issue to one shareholder of ten, and a maximum issue of 300 shares. Applications must be in by October 31. At the moment buyers are quoted on 'Change at 24s 6d and no sellers. The company paid 10 per cent, last year. Dominion Investment Listed

A newcomer to the ranks of listed stocks is the scrip of the Dominion Banking and Investment Association,

! Limited. This company's scrip is held over a comparatively wide range in Auckland, and its shareholders have become accustomed to participate in a dividend of 7 per cent. Sellers at 22s Gd this morning were unsupported. Amalgamated Brick Dividend j Ordinary shareholders are to partici- | pate in an interim 3 per cent, dividend i for the period covering the first six ! months of the company’s operations. The dividend is now being distributed. Heavy Trading in Banks Dealings in bank shares continue to account for an appreciable percentage of the business transacted on ’Change. I The market in this group, generally, ! has a more buoyant tone. N.S.W.’s j showed further improvement this j morning, sales taking place at £49 ss; | on Sydney market figures, this reprej sents an improvement of approximately j 30s over the last seven days, j Commercials are a little easier, sales taking place at down to 28s 9d, a prico I which allows an immediate return on J investment of approximately £5 4s 4d j per cent. National Bank of Australia ; scrip has dropped to levels which i allow an even greater rate of return, j sales of the contributing scrip taking ! place in Christchurch yesterday at £9 3s Gd; at this price the return is ap- ! proximately £ 5 Ss 4d per cent. Dividends Payable Due. Amalgamated Brick and Pipe Co., intermim, 3 p.c Now Milne and Choyce—B p.c.. p.a., shares and deb. stk. halfyear .. .. Now Farmers’ Co-op. Auctioneering—S p.c. p.a Today Dunlop Perdriau Rubber Co., Ltd.—Quarterly, ordinary and cum. pref., 10 p.c. p.a. Oct. 15 British Tobacco —pref., intermim, 6* p.c. p.a Oct. 31 Aus. Iron and Steel —pref., interim, 7£ p.c. p.a Nov. 1 Walhi Gold Mining Co.—ls a share Nov. 1 N.Z. Guarantee Corp.—lOd a share, fully-paid ord., 7 p.c. pref., 4d con Oct. 12 Broken Hill South—ls 6d a share Nov. 15