Steady Trading

Sun (Auckland), Volume IV, Issue 1003, 20 June 1930, Page 13

Steady Trading

Market on ’Change

By “Xoon Call.”

COMPAJRATIV RLV heavy trading is being recorded on ’Change, but the market for Australian stocks conf tinues to show a downward tendency.

tluctuations. Prica movements, shown by a comparison of sales over the past 24 hours with the price at the time of the previous recorded sale, include:— Bank of New Zealand, fall of 6d. Farmers’ Trading, rise of 2d. Union Bank, fall of 3s. Taranaki Oil, fall of Id. National Bank of Australasia, fall of 5s 6d. New Zealand Insurance, rise of Gas (con.), rise of 6d. Colonial Sugar, fall of ss. Mount Lyell Mining, fall of 7d. Bu*ines on the Auckland Market Transactions on the Auckland market ©ver the past 24 hours have included the following: Yesterday afternoon: New Zealand Inscribed Stock, 1933, 5i per cent., £9B 7s 6d; Commercial Bank of Australia, 22g; Bank of New Zealand, 59s 6d and 59s* 3d; Union Bank of Australia, £ll 13s; Auckland Gas (con.), 18s fid; Farmers’ Trading-, 9s; New Zealand Farmers’ Fertiliser, 20s fid; Taranaki Oil, 2s Id. At this morning’s early call: New Zealand Insurance, 47s 3d; Renown Collieries, 14s; Colonial Sugar, £42 30s: New Zealand Inscribed Stock, 1935. 4A per cent., £99 ss. At midday:—Mount Lyell, 27s (two ■parcels); National Bank of Australasia, £1.5 6s fid: Colonial Sugar, £42 Sa; Tamaki Road Board, 52 per cent., 41100. Taranaki Oil Call The directors of Taranaki Oils announce a call of 6d a share, due at the head office of the company at Melbourne, on July 9. This makes the

shares paid up to 22s fid, with 7s fid more to be paid up. The market had an easier tendency this morning. A Fluctuating Market The market was very erratic this morning, and several severe falls were registered. Sellers of Union Banks failed to receive support at £ll 17s. The increased interest in Waikato coals following the closing down of Arapuni has been sustained. Renowns changed hands at 14s this morning, the market closing with a middle price around that level. Pukemiros have steady buyers at 635. Even Waipas, which have been more or less neglected for several months, have buyers In at 9s 9d. The miscellaneous group has a rather weak tone with sellers, except in the case of sound New Zealand concerns, predominating; sellers of British Tobaccos have dropped to 39s 6d: Colonial Sugars are also easier. Mining is weak and neglected. Dividends Due Due. Reliance Loan Coy.—final; ord., 5 p.c.. pref., 4 p.o. .. .. June 18 Bank of N.Z. —final and bonus, 14 1-3 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.; pref final, 4J p.c June 25 Farmers’ Trading—ord., 10 p.c. p.a .. June 26 Goldsbrough, 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.: Bi p.c. pref., 3i p.c. . June 30 Morris Hedstrom —final, 4 p.c. .. June 30 British Tobacco—lnterim, 3 p.c. June 30 N.Z. and River Plate Land Mortgage Co., Ltd.—interim, 4} p.c, July 1