Limited Trading

Sun (Auckland), Volume III, Issue 906, 25 February 1930, Page 10

Limited Trading

MARKET ON ’CHANGE

By

“Noon Call.”

DESPITE the absence of any further bearing influences over the past -week there is no sign that an increase in buying strength is pending. Trading is confined to a comparatively small volume of business.

FLUCTUATIONS Price movements, shown by a comparison of sales over the past 24 hours with a price at the time of previous recorded sale, include: Bank of New Zealand, fall of 6d. Auckland Gas, fall of 2d. Union Bank, rise of 1s 6d. * * * Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included: Yesterday afternoon: New Zealand Inscribed Stock, 1937, $ 1-8 per cent., C 95 17s 6d: Bank of New Zealand, 57s Gd: Auckland Gas, 23s 4d. At this morning's early call: Commercial Bank of Australia. 22s 6d: Bank of New Zealand, 57s Gd. At midday: Bartholomew Timber. 2 1s 9d: Mount I ..yell. 33s 9d; Auckland Gas. 23s 4d; Union Bank of Australia, £ 12 Is 6d. New Investment Trust Particulars of the £2,000,000 investment trust recently placed before the Australian public arrived by this morning’s mail. The company, which is called the National Reliance Investment Trust, Utd., is founded on the lines of the best English concerns.

250,000 10s shares are being offered in the first issue. * * * Market at Midday Most of the business at the moment is being put through outside the call room; members seem to be attending the call solely for the purpose of making a market. The banking and insurance groups are quiet and showing little movement; Unions of Australia are a little firmer. In coals, Westports meet with a steady demand on a very firm market at a price which allows a return, based on the last dividend, of approximately £G 13s 4d per cent. A little more attention is being paid to the more profitable timber companies’ shares, but little actual business is being put through. Bartholomews are steady on recent levels. Mining is quiet and weak. Dividends Payable Due. Broken Hill South—quarterly, 2s a share .. Feb. "6 Bank of New South Wales, quarterly, 2J per cent Feb. 27 Carlton Brewery, int. 7 per cent. Mar. 1 Electrolytic Zinc—interim, ord. and pref.. 12 d.c. p.a Mar. 6 Huddart Parker, intermixn, 3 per cent, on prefs. and 5 per cent. on ords Mar. 15 C. L. Innes. interim. 4 per cent. Mar. 31