FINANCE & MARKETS
Market On ’Change Australian Shares Weak By “Noon Call.” BUDGET proposals, relative to the double stamp duty on shares in overseas companies overshadowed all other topics on ’Change this morning. The general opinion is that, apart from being unwieldy and difficult to impose, the new proposals will restrict business. The market for Australian securities was, if anything, a little weaker this morning.
ci HCTUATIONS Price movements shown by a comparison of sales on the Auckland market over the past 24 hours with the price at the time of the previous recorded sale, include: — Pukemiro Collieries, fall of 3s Auckland Gas, fall of 6d. Business on the Auckland Market Transactions on the Auckland market over the past 24 hours have included the following: Yesterday afternoon: National Bank of Mew Zealand, £5 16s; Dominion Investment and Banking. £1; New Zea].ir Breweries, 50s; Thames Theatre. midday: Bank of New- Zealand, sis 9d (two parcels); National Insurance, 14s: Pukemiro Collieries, 62s 6d; Auckland Gas, 25s 6d. Market at Mid-day The marker, at mid-day was weak, the Budget announcements proving a further bearing factor to prices.
The gilt-edge market is the only one showing healthy strength. * * * Waihi Goldmining Company The Waihi Goldmining Company, Limited, reports that the following information has been cabled to London: No. 9 Level.—Martha lode: Driving east the next 24ft assays 40s a ton over the width of sft. No. 10 Level.—State reef: From 120 ft to 130 ft the reef is split up. Driving being continued. “No. 11 Level. —Empire lode, in a crosscut about 300 ft west of the Bath crosscut we have driven to the east 15ft. The assay value is 32s 6d a ton. We have also driven to the west 15ft and the assay value there is 29s 9d a ton. The lode is mixed with country in both faces. * * * Dividends Due Nat Bank of Ne# Zealandfinal. 12 p.c. p a July British Tobacco—pref., quarterly 6i p.c. p.a July 31 Farmers’ Fertiliser Co.—3 p.c. Aug. 15 N Z Insurance —final. Is a share Aug. 6 Electrolytic Zinc—ord. and pref. final. 4 p.c Sept. 4
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19300725.2.169
Bibliographic details
Sun (Auckland), Volume IV, Issue 1033, 25 July 1930, Page 13
Word Count
349FINANCE & MARKETS Sun (Auckland), Volume IV, Issue 1033, 25 July 1930, Page 13
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in