Market Improves

Sun (Auckland), Volume IV, Issue 971, 14 May 1930, Page 11

Market Improves

Numerous Sales Recorded. •THE general tone of the market has much improved, especi--1 ally jn Australian stocks, and many sales are bein«written up. ■ c s

Business on the Auckland Market

Transactions on the J 1 market over the past ’ . eluded: Yesterday afternoon.—Bank of Australasia. £l2 6s; Knglish, Scottish Bank. £6 2s; Auckland Gas (con.), 17s Ml; Kempthorne, Prosser, £3 3s 9d; lVilliamson's Films, £IOO. At the morning early call.—Commercial Bank of Australia, £1 Os 9d; New Zealand Insurance. £2 3s 6d; New Zealand Loan and Mercantile (ord.), £95Worth Auckland Farmers (B pref.), 8s rd; Northern Steamship, 14s (Id; British Tobacco, £1 18s Gd; Mount Lyell £1 9s 3d. At the midday call.—Bank of New Zealand, £2 18s; Union Bank (Melbourne register), £ll 7s Gd; New Zealand Insurance. £2 3s Gd; Huddart-f-arker (pref.), 19s 9d; Northern Steamship. 14s 6:1; British Tobacco, £1 18s sd; Mount Lyell, £1 9 S 3d; New Zealand Inscribed Stock, 1936, 5} per cent., £99 ss. * * * Market At Midday Prices in bank shares are in many cases on the upward move. Australasia have again changed hands at £l2 6s. Commercial of Australia have eased slightly, sales this morning at 20s 9d. Wales are steady with buyers £39 2s i;d, sellers £4O ss. New Zealand sold at midday at 545. Union of Australia .Also changed hands at £ll 7s 6d (Melbourne register). Insurance scrip is active and occasional sales are being reported.- National are steady. New Zealand cont.nue to sell freely at 43s Gd. Queensland are in demand at 445. South British are a shade firmer. Standard are also slightly firmer. In the miscellaneous, British Tobacco changed hands at 38s 6d. and 38s sd. electrolytic Zinc, both issues, are decidedly firmer. Farmers’ Trading are Steady with buyers 8s 6d,sellers 8s lOd. Henry Jones have improved to buyers 27m 9d. Wilsons Cement have keen buyers at 41s 6d.

Waihi Grand Junction Cabled advice has been received from London by the local attorney for the "VVaihi Grand Junction Gold Company. Limited, that the net profit for ended December 31, 1929. was hr" ill - At the annu al meeting to be held in London on May 23, the directors will recommend a dividend or one penny a share free of incometo?,»T«£ayable on May 30 > absorbing and leaving £3,434 to be carried forward. Following reorganisation of the company in 1926, the report for 1927 showed a profit of £2,588, which was applied to the reduction of property account. In 1928 there was a profit °E £1,928, out of which a dividend of a penny a share was paid and £203 carried forward. Dividends Due Dalgety and Co.—interim, 5 p.c. National Insurance—interim, 4d a share .. .. May 15 Queensland National Bank—interim. S 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-° May 21. National Bank of Australasia—final, both issues, 10 p.c. p.a. May 2S. Bank of N.S.’W.—quarterly, 25 p.c May °S Farmers’ Trading—A and B d pre E; , 7 pc - pa - - Ma V 81. Burns-Philp—final, 10 p.c. p.a. May New Zealand Paper Mills—final, <5 p.c. p.a May 29. P. and O. Deferred Stock—interim, 5 p.c., free of English thx t • . . a , a a , . . m m Wilsons Cement—final, 5 p.c.l „ bon its, 2| p.c June 4. Mount Lyell—interim, 5 p.c. . . June 23. Fatenne Stock Foods—pref., 5 P-c. P.a June. Calls Reliance Loan Co.—pref., 2s 6d a share .. .. .. .. .. .. .. July 2.