GOOD SALE IN AUGUST.

Auckland Star, Volume LIV, Issue 213, 8 September 1923, Page 8

GOOD SALE IN AUGUST.

TUB WEEK REVIEWED. During the month, of August a large •mount of business was t ransartod on ■Change. Generally speaking, prices were !well maintained, the exception 'being shares In some Insurance companies, wnich snowed a tendency to weaken even 'before the news was received of the earthquakes and fires In Japan. The Standard Insurance Company's dividend and bonus for the year was the satisfactory one of 15 per cent. The dividend on Commercial Bank of Australasia ■hares was also a-t the rate of 15 per cent per annum, while 'Wellington Woollen was at the rate of 14 per cent. The Northern Boot and Shoe paid at the rate of S£ per cent, Kempthorne Prosser declared at the rate of 8 per cent, Kaiapol /Woollen 6 per cent, 'Bank of New South 'Wales 10 per cent, Christehurch Gas 10 per cent and Wellington Gas 8 per cent. . It is satisfactory to note that the Hawke's Bay IFarmers' ileat Company has a good year, the net profit for the year being £23,409 9/1. Of this £10,1X10 was added to the reserve, £6000 Bet aside for income tax, and out of the balance a dlvi-. dend of 8 per cent 'has been declared. Ilud-dart-Parker Steam Co., Ltd.. declared an interim dividend of 3 per cent, on preference shares and 5 per cent, on ordinary shares. Milne and Choyce, Ltd., notified a dividend of 8 per cent on all issues. Colonial Sugar shares had a good rise during the last few weeks. In August these shares changed hands at £46 10/. but are now wanted at £49 a/. Bank of Sew Zealand stock had a lot of business. Shares, ex rignts, sold to 50/ and rights at 2S/3, 28/6, and 28/9. Union Bank of Australasia changed hands at £14 6/, after which an extra sixpence was offered. New Zealand insurance were transferred at 28/0 and South 'British are now offered at 41/6. Wellington Woollen Co. shares were placed this week at £8 19/G and are still wanted at 1/0 under that figure. .Sales of Thames Theatre shares are not frequent, but this week a line was placed at 20/. Wilsons Cement meet with steady demand at 27/3 and Auckland Gas sold up to 28/5. iFurther transactions took place in Northern Steam at 15/3 i)ut buyers of P. and O. deferred stock Cropped out. National Timber are a litt c firmer, sales occurring at 17/6. Buyers still offer 2S/6 for Parker Lamb Timber, tout the seller wants 32/6. Sales again took place of Kauri Timber at 28/. Theatre Arcade ordinary issue could still be placed at 50/, the recent advance- being ,w»ll maintained. «<j"6 iMore business was cone during the week in debentures. Devonport Loan were placid at £100 10/ and Mt. Eden Loan are again wanted at £HM; Auckland City 11133 debentures sola at £00 City 5i arc- still wanted "'P', o/ and oj per cent nt par Soldiers' Loan firmed to sales at £ltr~" 7 •<; and the S per cent isue, 1027, changed "banns at £18 10/. The various 41 per cent loans are wanted at from ZK 10/" to £06 15/ In mining stocks, 'Waihi shares were little better, sales being made durin- the ■week up to 26/. Waihi Orand Junctions are ■till offered at 9/fl, with buyers quoting'two pence under that llgure. Sales touk n'ai-e in New Waiotahi shares at ad and iod owing to a more encouraging report bein" received from the mine mnunger. Buyers now offer lti/6 for Oluir's Hold Heels and holders reduced their price to 23/. Tue output of gold in the Auckland Province for the month of August totalled £53,930 as compared with £34,016 for July. j2ly,r..| .LIfKTP weekK c 2 flooz Soflmb b