A Weak Market

Sun (Auckland), Volume IV, Issue 1075, 12 September 1930, Page 11

A Weak Market

Position on Change

By “Xoon Call.”

IX spite of a heavier volume of business tlxe market on - ’Change this morning was weak. Australian securities in the hands of holders forced to sell, are Hooding the Now Zealand market.

riMrtuations^ Price movements, shown by a .winahson of sales over the past M hours, with the price at the time of tl.e previous recorded sale, include:— Waihi Mining, rise of 2d. Colonial Sugar, fall of 12s 6d. Bank of New Zealand, fall of 3d. * « ♦ Business on the Auckland Market Tr itisactions on the Auckland martet over the past 2 1 hours have inCi lfesterda y afternoon. —Commercla 1 emk of Australia,, lSs 6d: Bank of Zealand. 565. ;i<!: Nov Zealand Insurance, 42s 6d; Waihi Minin*?, J 5s /! British Tobacco, ols bd; Colonial sjear, £3l se* Tr this mornms s early call.—Commercial Bank. 18s bd; Bank of New •/•aland, Otis 3d; -Vational Timber, 9s: celnnial Sugar, £3l ss; Robins.,n Ice Cream, 225: Auckland Gas, 1936. Gi net cent.. £lO-. • ~ m idday.—Bank of New South wjdes £32 as (Sydney register): c,s (con.), 18s; Northern Steamship, Itp Sd. » « ♦ Sales on Sydney Exchange Sales on the Sydney Stock lOx-;nn-e yesterday included the followmi—Bank of New South (Vales. £32 £32 12s ml: Goldsbrough, Mort, «•', 3d - Australian Glass. 25s 7 id; British Tobacco. 31s. 31s l td, 31s 4Ad, its 9d: Colonial Sugar, £3l. £3O 15s, £3O 10s; Taranaki Oil. Is Od. Wellmgtcn Cordage Company (. loss of £lls on the year's operations is shown in the annual report „'nd balance-sheet of the W ellington cordage Companv. Ltd. The unfavour•bio balance at proiit and loss now •lands at £26S. The directors state •hat tho past year has been a most strenuous one. but the company was

able to increase its turnover. Extra expenditure, however, resulted in the bad showing at profit and loss. + * :!= Hotel Savoy, Ltd., Liquidation Hotel Savoy, Ltd., Sydney, lias derided on voluntary liquidation. The company was formed less than a year ago to take over the “Daily Telegraph” building and to convert it into a residential hotel. Daily Telegraph Newspaper Company, Ltd. (.inliquidation), became a debenture holder in the new venture to the extent of £285,000, carrying interest at the rate of 7 per cent. The company had an authorised capital of .C 150.000, of which £IOO,OOO was to be issued. I Carlton and United Breweries The board of Carlton and United Breweries, Limited, Victoria, has declared a dividend for tho period ending June 30 last of Is a share and a bonus of 3d a share. This is a substantial reduction on tho preceding dividend. Although trade in tho earlier part of tho year was well maintained, the general trade depression has resulted in tho latter part of tho period in a reduction in beer consumption all over the Commonwealth, and this continues. The increased burdens from income and other taxation, together with the decrease in consumption, necessitates the board reducing the dividend. The dividend paid on ordinary shares in 1928-29 was at the rate of 17£ per cent, per annum. * > * Dividends Dlio Huddart-Parker —interim, ord. 4 p.< ~ pref., 3 p.c Sept. IS. ; Kempthorne and Prosser—interim, 45 P.c. Sept 24. British Tobacco—quarterly, p.c Sept. 30. Bank of Australasia, interim. 14 p.c. p.a Oct. 3. ; Milne and Choyce—shares and deb. stock, S p.c. p.a Oct. 10. Wright, Stephenson, interim, ord., 35 p.e Oct. 6. I Thames Theatre —»10 p.c Sept.