Bank Shares Selling

Sun (Auckland), Volume IV, Issue 942, 8 April 1930, Page 11

Bank Shares Selling

Market on ’Change

By

“Noon Call."

INCREASED activity m banks was recorded on ’Change this morning. Prices, generally, continue rather erratic, but there is a quiet demand for all sound stocks.

gi IICTUATIQNS Price movements, shown by sales made on the Auckland market over the past 24 hours, compared with the price at the time of the previous recorded sale, include: Bank of New South Wales, fall of 2s 6d. , . British Tobacco, fall of 6d. Bank of New Zealand, rise of 9d. Business on the Auckland Market Transactions recorded on the Auck- , ] ; , n d market over the past 24 hours included the following: Yesterday afternoon. Goldsbrough, >lort. 31s 9d; Dalgety and Co.. £ll 7s id; Bank of New South Wales. £3O 2s 6d; New Zealand Inscribed Stock. 1938, per cent., £97 10s. This morning’s early call.—National Bank of Australasia. £ls 2s; Bank of Xew South Wales. £39; Bank of New Zealand. 38s 6d: British Tobacco, 40s. At midday.—Electrolytic Zinc, 275. Market At Midday British Tobaccos showed a further decline this morning, selling at a price which allows a return of approximately k per cent, based on the company's latest dividend. Bank of New Zealand scrip continues to move to higher levels; a further advance took place this morning; the

directors’ announcement relative to a continuation of the usual rate of dividend has given the market greater confidence in this scrip. The unsatisfactory progress shown by the Taranaki Oil Fields Co. at Gisborne is reflected in the market for the scrip, sellers dropping to 3s. Farmers’ Fertilisers are now below par, and on present prices offer a return of over X per cent, based on the latest dividend. Mine Managers’ Reports Mine managers report as follow; Moanataiari.—During the week we nave crosscut through the reef for about Bft. There are about sft. of sond quartz, and the rest is combined of ribs of quartz and country rock. ' I do not think we have yet got the main nangmgwall. The quartz shows colours of gold and is fairly well mineralised. Tui.—During the week the drive on No. 3 reef was advanced 7ft to a total of 118 ft. from the crosscut. The reef is still split into ribs of quartz and country rock, but no gold has been seen. * * * Dividends Payable Milne and Choyce. Ltd.—interim, ord.. pref. and deb. stk., 8 p.c, ’ P- a - _ A pi. 10 New Zealand Breweries—interim 7 i D-c* ApL 14