Downward Trend Checked

Sun (Auckland), Volume IV, Issue 1014, 3 July 1930, Page 10

Downward Trend Checked

Market on ’Change

By “Noon Call” NO sales were made at the early call on the Auckland Exchange this morning*. The market remains quiet, although there is a greater feeling of confidence in many quarters, and the downward tendency of last week seems to have been checked.

liav c pi [JCTUATIONS 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: — Waihi Mining, rise of id. Westport Coal, rise of 9d. Goldsbro ugh Mort, rise of 3d (sale in Christchurch yesterday at 29s Id). * * * Business On the Auckland Market Transactions on the Auckland market over the past 24 hours have included the following:--Yesterday afternoon. —New Zealand Inscribed Stock, 1933, 5* per cent., £99 7s 6d; Westport Coal, 31s . 3d; Commercial Bank of Australia, 21s 3d; ditto (pref.). £6 6d; Gear Meat, STs Gd; Waihi Mining, 14s 4id and 14s id. At today’s midday call: Commercial Jiank of Australia, 21s 3d; Goldsbrough, JVlort, 29s 3d and 29s 4d; Renown Collieries (new issue pref.), 2s 8d; New Zealand Farmers’ Fertiliser, 21s; Waihi Grand Junction, Is 9d. Market at Midday The market lor Australian industrials continues to sag, and there is littla

buoyancy in the buying strength. British Tobaccos have dropped to see a middle price of 375; a small parcel changed hands at that price this morning. In the coal group Hikurangis have fallen right out of favour, and sellers i are unsupported; this company is reported to be having considerable difliculty in getting back the connection it held prior to the last Hooding. Other coal shares meet with a steady demand, although little actual business is recorded. New Zealand Breweries are a little firmer, with buyers offering 51s 6d, compared with sales last week at 51s. Farmers' Fertilisers are very firm, allowing the publication of the balance sheet. Wilsons Cements are quiet, with sellers unsupported. The gilt-edge section is very firm, with buyers predominating. Dividends Payable British Tobacco-—interim, 3 p.e. Now N.Z. and River Plate Land Mortgage Co., Ltd. —interim, 4 i l>-«- Now 11. M. Arcade Theatre—interim, pref.. 6i p.e.; ord., 12i p.c. .. Now | Sanford, Limited. —ord., 2i p.c. p.a.; pref., 7 p.c. p.a July 8 Farmers’ Fertiliser Co.—B p.c. Aug 2 I Nat. Bank of New Zealand—final, 12 p.c. p.a July