FINANCE & MARKETS

Sun (Auckland), Volume IV, Issue 1030, 22 July 1930, Page 11

FINANCE & MARKETS

Quiet Trading

Market on ’Change

By

“Noon Call.”

LITTLE business was transacted on ’Change this morning All sections are quiet.

cl lICTUATIONS Price movements, shown by a comparison of sales over the past 24 hours, with the price at the time of the previous recorded sale, included: — Bank of New South Wales, fall of 27s 6d. * * » Business On the Auckland Market • Transactions on the Auckland market over tho past 24 hours have included the following: Yesterday afternoon. Commercial ■Rank of Australia, 21s: Bank of New South Wales. £36; New Zealand Innance 465; Dominion Investment and Ba’nkins. £1; Bycroft, 34s (two —Dominion Banking and Investment, 20s. Market This Morning This morning was one of the quietest on ’Change for many months. Only one sale was recorded. After the further fall in prices of last week, buyers are again adopting a wait-and-see policy. The banking group had a slightly firmer tone, sellers receiving greater support in the majority of instances. Coals are quiet, and there is not quite the same demand as that experi-

enced immediately following the closing down of Arapuni. Westports are very firm, and show a rising tendency. A wide range of Government and municipal bonds and stocks meet with a very firm demand. New Zealand Coal Oil Coal Oil (N.Z.), Ltd., reports for the week ended July 19: Omata No. 1 bore drilled to 1,950 feet in mudstone; cored 20 feet to 1,922 feet; further oil and gas shows; preparing to run 16-inch casing. * * * Auckland Gas Company An interim dividend for the halfyear ended June 30 at the rate of S per cent, per annum on the fully-paid shares and a proportionate amount on the contributing shares was declared by the directors of the Auckland Gas Company yesterday. The dividend is at the usual rate and will become payable on July 29. Dividends Due Nat. Bank of New Zealand final, 12 p.c. p.a July British Tobacco—pref., quarterly. 6J p.c. p.a July 31 Farmers’ Fertiliser Co.—B p.c. Aug. 15. N.Z. ■ Insurance—final. Is a sllar o Aug. 6. Electrolytic Zinc—ord. and pref.. final. 4 p.c Sept. 4.