Recent Improvements Held

Sun (Auckland), Volume IV, Issue 969, 12 May 1930, Page 11

Recent Improvements Held

Market on ’Change

Bv

“Noon Call.”

A QUIET tone was registered in all sections of the opening market on ’Change this morning. Any improvements recorded at the close of last week were mostly held.

«r. ilCTUations Price movements, shown by a comparison of sales reported during the morning w.th the price _ at ihe time of the previous recorded . sale, include: New Zealand Insurance, fall of 3d. Business on\he Auckland Market Transactions recorded on the Auckt market this morning included. — 'this morning s early call: New Zealand Insurance, 43s 6d. Z At midday:— National Bank of Aus- . u. £l4 17s; Auckland Gas. 23s 10d; 1? New Zealand War Loan, 1938, 41 per cent., £9B 9s- * * * Wright, Stephenscn and Co.'s Year I net prollt of £36,035, approxi- „ ; te iy 6.5 of the paid-up capital of ,'mniianv is shown in the report ' id balance sheet of Wright. Stephenn and Co.. Ltd. for tl year ended Si rr'h 31 1930- After payment of the lived rate of dividend on the prefer(ile directors recommend a final ,'i vidend of 31 per cent, on the ordm- . nnkinr 7 per cent, for the year. of £38,366 is recommended carried forward, compared with Appropriations over the past three years are shown in in the following table: IS2S 1920 1930 r.r« *?&*%s% Dividends— citT4t £'3,741 £13,741 ~rS f " ' 20 705 20 BS4 20,952 Ord, . P-e. • Market at Midday Increased buying strength was recorded at midday, buyers coming in vit » fi rm offers for many stocks which have been more or less neglected over the past few weeks. Tn the banking group, Commercials moved up to 20s 6d without bringing «.If i deal, compared with sales last veev at 19s 9d. New Zealands were also a little firmer. In industrials, New Zealand Farmers’ Fertilisers have improved slightly; firm buyers for Farmers’

Trading at 8s 6d fail to draw sellers on to the open market. The mining group is dull and almost neglected. Mount Lyells are a little firmer. * * * N.Z. Paper Mills Profits A net profit of £11,949, approximately 7.9 of the paid-up capital, is shown in the balance shtet of the New Zealand Paper Mills. Lid., for the year ended March 31, 1930. The directors propose payment of a final dividend at the rate of 4 per cert., making 7 h per cent for the year. Tne amount of .£7,134 will be carried forward, compared with £6,424 last year. The sum of £40,505 is owing to the Bank of New Zealand. Total reserves are shown at £27,134. Profits and appropriations over the past three years have been as follow: 1928 1929 1930 Gross revenue .. £31,208 £37,199 £39,759 Net profit .. .. 9,052 11.033 11,949 Dividend, p.c. . 6 6i 7i Amount .. .. 9,000 9,750 11,250 To reserves .. 52 1,283 G 99 Dividends Due Due. Bnnk of Adelaide—final, 4 p.c. Now. Waihi Gold Mine final, Is a share Now. Donaghy Rope—final, 6i p.c. . . May 12. Taupiri Coal—final, Is a share May 12. Dalgety and Co.—interim. 5 p.c. May 15. National Insurance—interim, 4d a share May 15. Queensland National Bank —interim, 8 p.c. p.a May 15. Bycroft, Ltd.—final, 10 p.c. p.a. May 16. Dental and Medical Supply—annual, 4 p.c May 19. Grey Valley Coal interim, 3 P.c May 21. National Bank of Australasia—final, both issues, 10 p.c. p.a. May 2S. Bank of N.S.W.—quarterly, 2Jp.c May 28. Farmers’ Trading—A and B pref.. 7 p.c. p.a May 31. Burns-Philp—final. 10 p.c. p.a. May New Zealand Paper Mills—final, p.c. p.a May 29. P. and O. Deferred Stock—interim, 5 p.c., free of English tax May. Wilsons Cement—final, 5 p.c., bonus, -2J p.c June 4. Mount Lyell—interim, 5 p.c. . . June 23. Faterine Stock Foods—pref., 5 p.c. p.a June. Calls Reliance Loan Co.—pref., 2s 6d a share July 2.