Prices Erratic

Sun (Auckland), Volume IV, Issue 1002, 19 June 1930, Page 13

Prices Erratic

Market on ’Change By “Noon Call.” A FURTHER wave of depression which is going through Australia is having a bearing effect on the market for Australian stocks; several rather severe falls have been recorded during the past twenty-four hours.

nr.TUATIONS Price movements, shown by a romoarison of saies over the past 24 hours with the price at the time e f the previous recorded sale, include: — Commercial Bank of Australia, fall of Id. Waihi Mining, fall of 2d. Dalgety, rise of Is. Wilsons Cement, rise of 6d. Bank of New South Wales, fall of 27s 6d. Union Bank, fall of ss. Electrolytic Zinc (pref.), fall of 11d. Business on the Auckland Market Transactions on the Auckland market over the past 24 hours have included the following: yesterday afternoon. Auckland Harbour Board, 1941, 6 per cent., £lO3 pm; Northern Steam, 14s Sd; Waihi New Zealand Refrigerating (con.), Bd. At this morning's early call. —Comjnercial Bank of Australia, 225; Bank of New South Wales, &38 10s; Wilsons Cement, 43s 6d; Waihi Mining, 13s 7d: New Zealand Inscribed Stock. 1933. p er cent.. £99 ss; ditto, 1936, 55 per cent., £99 ss. At midday.—Bank of New South Wales, £3B 7s 6d; Union Bank of Australia. £ll 16s; Electrolytic Zinc (pref), 255; Mount Lyell, 27s 7d..

’• Australian Shares Easier I The market for Australian securities ; showed an even easier tone at midday, j particularly in the banking group. ; where further falls were recorded. An : appreciable percentage of the buying j support of the past few weeks has been | withdrawn temporarily. < The shipping group holds very firm. : Huddart-Parkers were offered at 40s; 1 Northern Steams are meeting with a steady demand at a shade over par. Breweries are quiet, and tend to be easier. In the industrial group the same easier tendency is noted in respect to Australian shares. British Tobacco, Electrolytic Zinc, and Mount Lyell markets are weak. The market for gilt-edge stocks is very firm. * * * Dividends Due _ Due. Reliance Loan Coy.—final; ord., t. ? h-c.. pref., 1 p.e June IS tank ot N.Z.—final and bonus, 14 1-3 p.c. p.a June 21 Mount Lyeli—interim, 5 p.c. . June 23 Australian Glass—final, ord., 5 p.c. bonus, 2J p.c.; pref final, 45 p.c June 25 Fanners Trading—ord.. 10 p.c. P-a June 26 Goklsbrough, Mort and Co., Ltd., —final, 10 p.c. p.a June 27 Loan and Mercantile —interim, ord., 2 p.c.; 5 p.c. pref., 25 p.c.: 65 p.c. pref., 31 p.c. . June 30 Morris Hedstrom—final, 4 p.c. .. June 30 British Tobacco—interim, 3 p.c. June 30 N.Z. and River Platts Land Mortgage Co., Ltd.—interim, 45 p.c .. .. July 1