MARKET ON ’CHANGE

Sun (Auckland), Volume IV, Issue 998, 14 June 1930, Page 11

MARKET ON ’CHANGE

By

“Noon Call.”

PRICES were a little erratic on ’Change this morning and there was a tendency for certain shares to lose a little of the increased strength shown during the week.

fluctuations 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:— Commercial Bank of Australia, fali of Id. Mount Lyell Mining, fall of 2d. Colonial Sugar, rise of ss. Bank of New South Wales, rise of 2s 6d. Union Bank, fall of 1s 6d. • * • Business on the Auckland Market Transactions on the Auckland market during the past 24 hours, included the following: Yesterday afternoon: Wilsons Cement, £2 5s 3d; Hank of New South Wales (Sydney register), £4O 2s 6d, Commercial Bank of Australia, 22s sd. This morning: National Bank of XeW Zealand, £6 10s; Bank of New South Wales, £4O 2s (Id; Union Bank of Australia, .£l2 Is; New Zealand Loan and Mercantile Agency, £95; Northern Steam (con.), 6s 6d; Colonial Sugar, £42 10s. South British. Insurance, 60s. * * * Movements This Morning The banking group is well supported, but prices were erratic and, while some rises were recorded, falls took place. Bank of New South Wales shares are meeting with a very firm demand on all Australian and New Zealand Exchanges at the moment.

In the loan and agency group, Goldsbrough. Morts have? not recovered the decline of earlier in the week, and the iaarket closed this morning with a

middle price of 31s 6d, compared with sales at 32s 3d early in the week. Most of the better class coal shares continue to meet with a steady inquiry, but there is a comparatively wide margin between buyers’ and sel ers’ ideas of values in most instances. In the timber section, Kauris are meeting with a better demand and the market shows a decidedly firmer tendency. The gilt-edge is very firm. * « » Mine Managers’ Reports Mine managers report as follow: Waiomo.—Stoping operations are in progress at No. 3 level at various points north of the main crosscut on the main reef on the Zeehan North extension and °n the new reef. Up to June 7, 020 tons of ore were milled for 38 tons approximately, of gold, silver, lead and zinc concentrates, which are now being bagged ready for immediate shipment. Nearly <0 per cent, of this tonnage was recovered by the oil flotation plant, the mill and treatment plant are now' running continuously so that an increased output can be anticipated. * * * Dividends Due -iti* Due 14 l-o p.c. p.a June 21 Mount Lyell—interim, 5 p.c. . June 23 Australian Glass—final, ord., 5 p.c. bonus, 2i p.c., prof ~ final * P-c June 25 Farmers* Trading—ord., 10 p.c. p.a. . . June 26 Loan and Mercantile—interim, ord., 2 p.c.; 5 p.c. pref., 25 .. P; c -i, 6 i P.c. pref., 3* p.c. . June 30 Morris Hedstrom—final, 4 p.c. .. June 30 Reliance Loan Coy.—final; ord., 5 p.c., pref. 4 p.c June