Limited Trading

Sun (Auckland), Volume III, Issue 846, 14 December 1929, Page 12

Limited Trading

MARKET ON ’CHANGE

By

"Noon Call.”

PRICES on ‘Change continue irregular, with the volume of business in sound stocks confined to within a small compass. Brewery shares have been active on the Christchurch market.

FLUCTUATIONS Price movements, shown by a comparison of sales made on the Auckland market over the past 24 hours with the price at the time of the previous recorded sale, include:— Commercial Bank of Australia, fall of 4d. Auckland Gas, fall of Id. National Bank of New Zealand, fall of 1s 3d. National Timber, rise of 2d. * * * Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included: Yesterday afternoon: Commercial Bank of Australia, 25s 9d and 25s 8d; Bank of New Zealand. 58s; Auckland Gas. 24s lid; Mount Lyell, 41s 3d (two parcels). This morning: On 'Change—Bank of New Zealand. 58s. Reported—Farmers.* Auctioneering (A pref.), 18s 6d; Mount Lyell. 4ls 3d: National Timber, 8s 6d; National Bank of New Zealand, £6 14s and £6 13s Dd. Market This Morning Little movement was shown in the market this morning, a quiet tone being recorded in most sections. Heavy realisations of sound stocks across the Tasman continue to exert a bearing influence on prices. In the banking group. New South Wales scrip was a little firmer. Commercial of Australia shares dropped in sympathy with the easier tendency in the South to see sales at 25s Sd, a price allows a return of approximately £5 16. s lid per cent., hout taking “rights” on the new jo into consideration. * * * •kenhead and Northcote Gas c net profit of £1,063 is shown in report and balance-sheet of the -thcote and Birkenhead Gas Comiy, Limited, for the year e?lded

October 31, 1929. Amount at credit at P. and L. account now stands at £3,476. No mention is made in the report of the possibility of a dividend on the ordinary shares, but holders of the 7 and 8 per cent, prefs. will no doubt participate in the customary distribution. Gross receipts for the vear are shown in the working account at £10,230. No Interim for Sanford Shareholders The market for shares in Sanford, Ltd., showed a further loss of strength this morning, following the announcement that the directors had decided not to authorise payment of the customary interim dividend on either the preference or ordinary shares. This company, which has accustomed holders of both scrip to look for a dividend at the rate of 7 per cent., 3i in December and 3i in June, was reported to be meeting record trade in June and the announcement comes rather as a surprise to the market. * * * Hauraki Mines The manager of Hauraki Mines wired yesterday afternoon as follows: “Twenty pounds rough picked stone, strong gold, from stopes. Promising looking leader in seaward face.” • * * Dividends Payable Tattersfield, Ltd.—final, 4 p.c. Now Devonport Steam Ferry—interim, 35 p.c Dec. 14 Gear Meat Coy.—final, Is and bonus, 6d . .. Dec. 17 Mount Lyell—final, 2s 9d share Dec. 18 Kauri Timber—3 p.c. p.a Dec. 19 Singapore Hume—interim, 5 p.c. .. ~ .. .. .. .. .. > b Dec 19 Goldsbrougli, Mort—interim, 5 P- c Dec. 20 Morris Hedstrom—interim, 4 P-9 Dec. 31 British Tobacco—quarterly,- 3 P-c .. Dec. 31 National Bank of N.Z.—interim, 6 p.c Jan. 4 Victoria Nyanza Sugar.—interim, 2£ p.c Feb. 25