TRANSACTIONS ON 'CHANGE.
BUSINESS RATHER BETTER.
BUT BANKS STILL DULL
A good number of sales have been completed since the "Star's" main edition went to press yesterday but, with the exception of a few special lines, the market is dull, with prices still tending downwards. • Bank shares continue to ease, and even for insurances there was only one offer at the first call, namely, for South British, with a buyer at £3. The fall in Bank shares is instanced by a sale of Bank of Australasia at 17/6 under the last sale just over a month back. The report of oil traces at the Gisborne well has revived interest in Taranaki oil shares, and a sale was made at 8d advance. Pukemiro Coals are in request, with buyers at £3 12/. There appears to be fresh interest in breweries' debentures, and several sales have taken place this week at £1 8/. The Noon Call. A few more sales were recorded at the noon call, on the basis of late quotations. Taranaki Oils still attract interest, and holders now ask 5/. New Zealand Breweries are again in request, with buyers at £4 5/3. Interest Rates. The return to the investor on his outlay, based upon the latest dividends and in the case of loans and debentures upon redemption at maturity, works out as follows for the latest sales: — PER CENT PER ANNUM. £ s. d. War Loan, 4J (1939) 4 9 4 ♦New Zealand Breweries (debs.) 7 2 10 Commercial Bank of Aus. ...... 5 14 8 Auckland Gas « 8 0 Mount Lyell 9 12 6 Bank of Australasia 5 8 11 British Tobacco 5 6 8 *The calculation In regard to Brewery debentures does hot include redemption, as holders are to have the right to convert into shares on April 1, 1930. CALL AND DIVIDEND LIST. DIVIDENDS. Due. Loan and Mercantile (final), pref. 2J p.c, and ord. 5 p.c Now Bank of New Zealand (Interim), 1/4 per share Now Tattersfield (final), 4 p.c Now Kauri Timber, 3 p.o Dec. 13 Devonport Steam (Interim), 33 p.c. Dec. 14 Mount Lvell (final), 2/9 a share .. Dec. 18 Goldsbrough, Mort (Interim), 10 p.c. p.a Dec. 20 Morris Hedstrom (fiual), 4 p.c. .. Dec. 31 British Tobacco (final), 3 p.c Dec. 31 National Bank of New Zealand (Interim), 6 p.c Jan. 4 CALLS. Due. Lucky Shot—3d per share Dec. 18 Mount Welcome—ld Der share .... Dec. 20
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Bibliographic details
Auckland Star, Volume LX, Issue 293, 11 December 1929, Page 4
Word Count
399TRANSACTIONS ON 'CHANGE. Auckland Star, Volume LX, Issue 293, 11 December 1929, Page 4
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