Banks Sell Freely

Sun (Auckland), Volume IV, Issue 959, 30 April 1930, Page 11

Banks Sell Freely

Waihis Easier

STEADY business is registered on ’Change, especially in the hank section. These shares are continually changing hands. Waihis sold this morning at 13s 9d, a drop of one penny since last sale.

Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included: Yesterday afternoon: Bank of New Zealand. D Mort., £1 6s 4£d; North Auckland Farmers’ ord., 2s 4d; Renown ;pref. new), 2s 9d; Waihi G.M. Company, 13s 9d. At the morning early call: Commercial Bank of Australia, £1 Is sd; Bank of New Zealand, £2 18s 6d; Bank of New Zealand, D mort., £1 6s 4£d; North Auckland Farmers’ ord., 2s 4d; Waihi, 3 3s 9d. At the midday call: National Bank of Australasia (con.), £7 7s 6d: Wellington City, 1932, 5£ per cent., £9B 17s 6d. Market at Midday In the insurance section, A.P.A. have keen buyers at 6s; National are steady with buyers 14s 4d, sellers 15s; New Zealand are also asked for at 445, sellers 44s 9d; South British are steady. Many buyers are appearing for brewery shares. Innes have persistent buyers, only occasional sellers ap-

pcaring. New Zealand are unchanged. Staples have keen buyers at 48s; no sellers quoting. Bocal-body and Government bonds and stock are in keen demand, few sellers appearing in this section. * * * Leyland - O’Brien Dividend An interim dividend of lOd a share for the half-year ended March 31 has been declared by the directors of the Leyland-O’Brien Timber Company, Ltd. The dividend, which is at the usual rate, is payable today. N.Z. Paper Mills Dividend Increase An increase in the dividend distribution by N.Z. Paper Mills, Ltd., is announced in a Press Association message from Dunedin. The directors have decided to recommend to shareholders the payment of a final dividend of 4 per cent., making 7£ per cent, for the year ended March 31. Last year the company paid 6£ per cent., and the two preceding years 6 per cent., and in 1926 7£ per cent.