Market on ’Change

Sun (Auckland), Volume III, Issue 921, 14 March 1930, Page 10

Market on ’Change

By “Noon Call.” BUT for a continued selling pressure from Australia, there is every indication that there would be a substantial improvement in the tone of the New Zealand investment market; the market continues affected by strong bearing influences from across the Tasman, however, and actual trading is confined to within a very small compass.

FLUCTL ATIONS Price movements, shown by a comparison of sales over the past 24 hours with the price at the time of the previous recorded sale, include:— Gear Meat, fall of 3d. Farm ers' Trading, fall of Id. Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included the following: Yesterday afternoon.—New Zealand War Loan. 1936, 6£ per cent., £99 ss; "Bank of New Zealand, 56s 9d; Birkenhead Gas, 12s; New Zealand Breweries, !£ 4 2s 9d : Farmers’ Trading. 8s 6d; Gear Meat, 38s; Hayward's Pictures, 15s; Wilson’s Cement, 38s 9d. At this morning’s early call.— National Bank of New Zealand, £5 19s. At midday.—South British Insurance. 61s; Renown Collieries (first 3pref.), 3s; Gear Meat, 38s. Timaru Gas Company Net trading profits of the Timaru Gas, Coal and Coke Company for the year ended December 31, 1929, amounted to £3,749, approximately 9.0 per cent, of the paid-up capital of the company. Sales of gas during the year showed a substantial increase on the figures for the previous year. The usual eight per cent, dividend went to shareholders, and the sum of £I,OOO was transferred to general reserve.

Market at Midday The now customary quiet was registered in the market at midday. In the banking group New South Wales were easier, with buyers at £39 10s, compared with the last recorded sale at £4O. There was an all-round easier tendency in the group. Timbers are quiet, and practically neglected. The gas section is attracting a little more attention, but the market has a weakening tendency. Sellers continue to predominate in the miscellaneous section, and in supported quotations there is generally a comparatively wide margin between buyers’ and sellers’ ideas of value. Dividends Due Huddart-Parker, final, ord., 5 p.c., pref., 3 p.c Mar. 15 Booth-Macdonald and C 0.—22- p.c. pref Mar. 17 Amalgamated Wireless (Australasia) —interim, 8 p.c. p.a Mar. 24 Dunlop Perdriau —interim, cum. pref., 5 p.c., ord. 3 p.c Mar. 28 Pukemiro Collieries, intermim, 2s

a share Mar. 31 British Tobacco —interim, 3 p.c. Mar. 31 Hume Pipe Co. (Aus.) —interim,

4 p.c Mar. 31 C. L. Innes—interim, pref., 4 p.c. Mar. 31 Bank of Australasia—final, 7 p.c. Apl. 4 Howard Smith, Ltd.—interim,

cum. pref., 6 p.c., p.a Apl. 5 Kempthorne-Prosser Drug Co.— final, 52i p.c Apl. 8 Milne and Choyce. Ltd. —interim, ord., pref. and deb. stk., 8 p.c. p.a. Apl. 10 New Zealand Breweries —interim 7J p..c Apl. 14