Increased Business

Sun (Auckland), Volume IV, Issue 1050, 14 August 1930, Page 11

Increased Business

Market on ’Change By “Noon Call.” INCREASED business has been recorded on ’Change over the past 48 hours

p. nr.TUATIONS Price movements, shown by a rison of sales over the past 24 hours with the price at the , im e of ‘he previous recorded sale, include: Commercial Bank of Australia, ri, |,°nk 1 o d f‘New Zealand, fall of Id. Waihi Junction, rise of Id. South British Insurance, fall of Is. , « * Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included the fo Ve'stcrday afternoon: Commercial e.nk of Australia. 20s 3d; Bank of K" South Wales (Sydney register), ms- Bank of New Zealand, 5Ss ~d Kauri Timber, 13s; British Tobacco. 37s 9d: Waihi Mining, 14s 2d; *4t n the ,> lO* 1 o'clock call: Commercial rink of Australia, 20s 4d; ditto fpmf,), £6 Bs, South British Insur"tt midday: Union Bank of Australia. £lO 13s 6d: Waihi Junction, 2s Id. Market This Momma The market for bank shares continues to show a more healthy tone, ,nd limited business is being transited in the more popular shares. Little general change in prices has leen recorded, any movement in one quarter being balanced by a reverse movement in another. Union Oils drew the first buyers for many months this morning, but no business resulted. One of the features of the market is the improvement in the demand for tVaihis and Waihi Junctions. Scrip in both these companies meets with a Arm demand on a market showing a rising tendency. • * » Mahakipawa Goldfields, Ltd. A report on their mine by an independent but qualified mining engineer will decide whether Mahakipawa tloldlields. Ltd., will continue operations or go into liquidation. The report will be published about the end of next month. This course was proposed by the directors to the adjourned annual meeting of shareholders of the com-

j pa.ny held this week and agreed to by the 30 shareholders present. To enable this to be done some shareholders applying for preference shares have agreed to guarantee up to £ 5 each. Free -of -1 ncome-Tax Securities Sought Talk of increased taxation must be the principal reason for the very keen demand for Government 4i per cent, free-of-income-tax bonds and stocks which has set in over the past 24 hours. The market is exceptionally Firm, having been forced up practically to par. Sellers are hard to locate, but there is a wide range of buyers. The market for other classes of Government bonds and stocks remains very firm, with buyers predominating. * * * Holden’s Motors Dividend The directors of the Holden’s Motor Body Builders, Ltd., South Australia, have declared a dividend of 6d a share on ordinary shares for the half-year ended Juno 30, making, with the payment of March last, 5 per cent, for the year, and at the rate of 8 per cent, per annum on the “A” and “B” preference shares for six months to September 10. Payments will be made on September 10. For the previous year ordinary shareholders received 10 per cent., and from March, 1925. to September, 1928, 10 per cent., and a bonus of 5 per cent. Tin Statistics Although tin mining shares have been neglected in the Xew Zealand Stock Exchange circles over the past six months, the following statistics should be of interest. The figures are in tons for July, compared with June and May:

Dividends Due Farmers' Fertiliser Co—B p.c. Aug. 15 Dominion Investment and Banking—annual. 7 p.c.. .. Aug. 15. Grey. & Menzies—annual, S p.c. Aug. 21. Victoria Nyanza Sugar—lnterim. 7J D.c Aug. 25. Bank of New South Wales — quarterly, 2J p.c Aug. 27. Electrolytic Zinc—ord. and oreC final 4 o.e ... Sept. 4. Standard Insurance—final, Is 3d a share Sep. 9.

May. June. July. Visible .. .. 40,055 42,459 42.210 Spot 1,823 1,971 2,056 Afloat 2,295 2,025 960 i Deliveries .. 2.268 2,151 2,990