Market Less Active

Sun (Auckland), Volume III, Issue 897, 14 February 1930, Page 10

Market Less Active

SOUTH BRITISH SELLING

THE market today is less active and many shares arc inclined to weaken. South British Insurance are selling freely, leaving a firm market.

Justness on the Auckland Market Transactions on the Auckland marset over the past 24 hours included: Yesterday afternoon. —Commercial Sank.of Australia, £L 3s 7id; ditto, £ l is 4d; ditto, <tl 3s 6d; ditto (rights;. !s (id; ditto, 2s 2d; ditto, 2s Id. Bank of New South Wales, £4O 10s. Union Bank of Australia, £ll 17s (Id. New Zealand Insurance, £2 4s. Pukemiro Collieries, £3 10s. Auckland Cias, £1 3s 7d; ditto ,conu.), 17s 4d. New Zealand Breweries. £4 4s. British Tobacco, £2 2s 6d. Waihi Gold Mining Company, 13s sd. At the morning early call.—National Timber, 8s 6d. At the mid-day call: Bank of New South Wales, £4O 12s 6d; National Insurance. 14s 6d; South British Insurance. £3 Is. Market At Mid-day The bank section is less active and many sellers are appearing. Commercial of Australia are inclined to case. Wales changed hands at £4O 12s 6d. New Zealand are also easier. Union of Australia have buyers at [XII 16s; sellers £ll 18s. Insurance are in demand with many buyers quoting. National sold this morning at 14s 6d. New Zealand remain firm. Queensland have steady buyers at 51s 6d, sellers holding for 535. Southland Freezing Profits A net profit of £13,642, compared ■with £14.683 last year, is shown in the annual report and balance sheet

of the Southland Frozen Meat and Produce Company. After payment of a final dividend at the rate of 6 per cent., making 12 per cent, for the year, there remains a balance at profit and loss of £30,124 to be carried forward. The company has a paid-up capital of £113,547, of which £26.160 is in preference shares. Its general, fire insurance and building reserves amount to £IOO,OOO. The only external liabilities are grouped in one item of £41,699. Of assets totalling £292,182, investments and cash balances amount to £129,169. The dividend was increased from 10 to 11 per cent, in 1927, and to 12 per cent, in 1925. The higher rate has been maintained in spite of the slight decline in profits. • * * * C. L. Innes, Ltd. Dividend An’ interim dividend at the rate of 4 per cent, has been declared by the directors of < \ L. Innes and Company, Ltd. The dividend, which is payable on March 31. is at the same rate as last year. Dividends Payable Due. Victoria Nyanza Sugar—final for last financial year, 5 p.c.. and interim for current year, 2i p.c Feb. 25 Broken Hill South—quarterly, 2s a share Feb. 26 Bank cf New South Wales, quarterly, 22 per cent Feb. 27 Electrolytic Zinc —interim, ord. and pref.. 12 p.c. p.a Mar. 6