Sellers Predominating

Sun (Auckland), Volume III, Issue 803, 25 October 1929, Page 12

Sellers Predominating

Market on ’Change By “Noon Call.” TRADING spread over a comparatively -wide range, with selling strength predominating, lias characterised business on ’Change over the past 24 hours. Influences coming mainly from across the Tasman still tend to have a bearingeffect on the market.

Fluctuations Price movements on the Auckland market over the past 24 hours shown by a comparison of sales with the price at the time of the previous recorded safe include: Waihi Mining, rise of Id. Commercial Bank of Australia, fall of Id. Huddart - Parker, fall of 3d. Hayward’s Pictures, fall of 1s 6d ; last recorded sale two months ago. Devonporr. Steam, fall of 6d. Taupiri Coal, rise of 6d. Business on the Auckland Market Transactions on the Auckland market • vr>j tho past - 4 hours included: Yesterday afternoon.—Auckland Gas, 4s 9d; Commercial Bank of Australia, -7s 3d: Renown Collieries, 16s 6d: Hud-dart-Parker, 23s 6d: Waihi Mining, Jos Tel: Hayward’s Pictures, 18s At this morning’s early call.—Bank ‘^ cw Zealand. 60s 3d: Taupiri Coal, 20s: Devonpurt Steam, 225. At the midday call:—On 'Change: Aaihi Mining. 13s 7d. Reported: Union Hank, £l4 20s: Now Zealand Insurance, 46s 6d: Auckland Gas, 24s 9d. Power Board Debentures The South Taranaki Electric-Power .Hoard offers the balance of an issue of ‘2187.500 debentures, maturing in 1955 and carrying an interest rate of 5i per cent. The issue, is at par.

Market at Midday A comparatively healthy turnover ■war registered at midday. The weakness in the market for • ommercials of Australia continues to he one of the features of the bankinggroup. The market for this scrip feil I<l to sales at 27s 3d yesterday after- ! noon, and sellers at this morning's

early call at 27s 2d failed to bring off a sale. The market was slightly firmer at midday. At yesterday afternoon’s market price the return on investment is approximately £5 10s Id per cent. Unions continue weak, and further sales have been reported at £l4 10s, a price which allows a return of approximately £ 5 3s 5d per cent. A healthy tone is registered in the local group, the market for one or two shares showing a firming tendency. Taupiris moved up to 30s, a price which allows a return of approximately £6 13s 4d per cent. One of the features of the miscellaneous group is the slightly weaker tendency of the market for Amalgamated Zincs. Nothing has been reported which has any direct bearing on the earning capacity of the company, and it seems that the shares are merely suffering in the general weakness. Waihi Mining scrip, approaching a dividend, is very firm, Kuala. Kampar Tins are weaker, partly as a result of the reported decline in the price of tin, and partly as a result of the general depression. Dividends Payable . . Due. British Tobacco—pref., interim, 65 p.c. p.a Oct. 31 D.l.C.—Fret, 6 p.c. (halfyear), ordinary, 10 p.c., p.a. .. Nov. 1 Dominion Pictures—pref and ord., 75 p.c. p.a Nov. 1 Aus. Iron and Steel—pref., interim, 75 p.c. p.a Nov. l Waihi Gold Mining Co.—ls a share Nov. 1 .Farmers’ Co-op. Auctioneering—B p.c. p.a Nov. 12 Queensland Nat. Bank.—interim 10 p.c. p.a Nov. 14 Broken Hill South—ls 6d a share Nov. 15 Nat. Bank of Australasia—• Ord. and con., interim 10 P-c. p.a Nov. 27 Grey Valley Coal—final. 5 p.c. (making 8 p.c. p.a.) .. Nov. 30