Quiet Trading

Sun (Auckland), Volume IV, Issue 1058, 23 August 1930, Page 11

Quiet Trading

Market on ’Change

OUIE J trading was recorded on ’Change tliis morning. Tlie market for Australian stocks quoted on tlie New Zealand Exchange continues 1o sag* and buyers are hard to locate for shares outside the banking group.

cl IJCTU ATIONS Price movements, shown by a comparison of sales recorded over the past 24 hours with the price at the time of the previous recorded sale, include: Kempthorne, Prosser, fall of Is. Taupiri Coal, fall of 2d. New Zealand Insurance, rise of 6d - ... Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included the following:— Yesterday afternoon. —City of Auckland. 1949, 5i per cent., £94; •Union Bank. £lO 11s 6d; New Zealand Insurance. 225; Taupiri Coal, 26s lOd; Kempthorne. Prosser. £3 Is 6d. This morning.—Auckland Gas, 245. Union Bank, £lO 10s; YVaihi Mining, 14s 6d. Market This Morning The market this morning registered the usual week-end air of more or less indifference. Trading, after the spurt of the mid-week, was confined to within a short compass'. There was little movement in prices for New Zealand stocks. The banking group has seen a slight falling-off in support during the past few days, mainly as a result of disclosufes of the financial position of the Commonwealth. A slight improvement has been noted in the insurance section over the past few days; a better demand has set in for New Zealands; A.P.A.’s are still sought, but the market is a little easier. Huddart-Parkers are a little weaker, following the announcement of the reduced dividend. Timbers are weak and sellers are unsupported.

Mason Struthers and Company • A net profit of £3,232, compared with £5,108 last year and £6,436 the previous year, is shown in the annual report and balance sheet of Mason. Struthers and Company, to be presented to a meeting of shareholders on August 29. The directors recommend payment of a 2J per cent, dividend c.ompared with 5 per cent, last year, 6 per cent, the year before and S per cent, prior to tl|at. Dividend will absorb £2.750, leaving a credit balance to profit and loss account of £11,511 18s Id. The balance sheet shows the paid up capital to be £IIO.OOO, the reserve account totals £33,000 and the reserve for Interest and bad debts is £5,509. Sundry creditors total £47,298 (as against £23,102 last year): deposits, £6,225 (£12,392); and the -b»t’f superannuation reserve stands at £4,447. On the assets side properties are set down at £50’,178 (£46.607 last year). stocks at £129,130 (£115.805), sundry debtors at £33,244 (£36.474) and plant, fr/iture and fittings at £8.189 (£6.780).^ H uddart-Parker Interim The directors of Huddart-Parker, Ltd., advise payment of an interim dividend of 4 per cent, on the ordinary shares and of per cent, on the preference issue. The ordinary dividend shows a drop of 1 per cent, on last year’s rate, and of 3 per cent, on the rate of the previous half-year. * * * Dividends Due Bank of New South Wales—quarterly, 2% p.c Aug. 27. Electrolytic Zinc—ord and Dref final 4 d.o Sept 4 Standard Insurance—final, Is 3d a share Sep. 9. Holden’s Motors—final, ord., 6d a share; pref., S p.c. P-a Sept. 10.