Market on ‘Change

Sun (Auckland), Volume III, Issue 824, 19 November 1929, Page 10

Market on ‘Change

Demand for Tested Shares I >\ • Noon Call.” TI IK uiaik' ton i hanec has not yet fully overthrown the hist week’s flush of race meetings, and 11 .aline eonrimus restrirtei.l to within a comparatively small • ami foi better-class shares, bur buyers nr* • exercising l considerable emit ion in giving orders.

FLUCTUATIONS Price movements, as shown by a comparison of sales over the past 24 hours with the price at the t.me of the prev ous recorded sale, i r>cl ude: Commercial Bank of Australia, fall of 1 d. Business on the Auckland Market Transactions on the Auckland mar* Iv t over th ■ past _ I hours included:— Y< riialav afternoon.—fSenown t’olllcries. 17s; Auckland (lius 255. \ i this mor ring « . arly call: K- - ’"MI -I: i. nk Ml New South Wales. *2 47 15s »Sydney register); Konorui • 'olli.-rics. 17s: F; tcrinc . pref. f4s pd >. ; Ml- rcial H.i nk of Australia. 27s 4d: A ml;! i ml i:.,. - lSs 2.1; N'.mv Zc ;i - I and War 1.0-n. I H percent.. •„:*!* Occidental Una Mining The manager ..f the OecUKmtul Una Alining «.*on»pany reports:—"Work in tin- mine during the week has be.*n • onlined to the extension of the atop* .-m th.* hanging-wall leader, north-west ..i tlie shaft, uml during the week at ■ m m breaking down colours anc' dahs broken. All til rt is being sn vrd for Steady Demand for Coals Shares in most of the Waikato com* " u,i ’ s »«♦ *’ t "iih steady demar l. l‘iik--mlros hair- steady buyers at 70s - to locate. 12M"\\ Mr; are selling- freely around 17s: at anything up to that price this scrip appears to have attractions, as only '.ue worst of bad management or illluck should prevent payment of a divi-

i nd within the next two years, once a dividend-paying basis is reached, the shares should sell freely at a premium. Market at Midday The banking* group shows little i movement. Commercials have eased a little, mostly as a result of influences from across the Tasman. New Zealands are also slightly easier. New : South Wales changed hands at £47 -15 s for .l parcel oil the Sydney regis- ! ter. This price is only 17s Gd above j bedrock of three weeks or so ago. - In the shipping section. Dovonport St<-ams meet with slightly better inquiry. buyers moving up to 22s Gd wit 1 lout drawing sellers below 235. I imbors, woollens and breweries are practically neglected. - Electrolytic Zincs meet with a steadv Inquiry on a market which shows, u' anything, a firming tcmlencv. Mining is lifeless. Dividends Payable . Due National Insurance—final. 5d a share Xov °1 Wilsons Cement—-interim 5 p.c. Nov. 26 l*ank or Australasia.— inetrim. ord. and con., to r.» yland-O'Brien-—final,* lOd a * ° V * *hare xov *7 NZ. Paper Mills—interim. 2-! p.c Nov. °9 United Insurance—interim. 10 p.c. p.a Nov. 55 » stport Coal—final, 5 p.c. Noa* Aust. Class—interim, 9 p.,-. i* :i . prof.; i" p.c. p.a. ord .. Deo. i IJenrv Jones Co-operative final. Is 3d a share .. .. . . Dec. 2 Cank of N’S.—lnterim. Is 4«J a share j^ ec Amalgamated Wireless—S p.c. * * Mount Lye’ll— final. 2s 9d a t>t * share . Dec. is Kami fimber—3 p.c. .. About Dec. 13 Loan and Mercantile Agency lV *.—final, pref., 2i p.c. and or(1 r * P-f* -• Dec.