LOWER LEVELS
MARKET VALLES OF SHARES TWELVE MONTHS’ DECLINE. During the last twelve months there have been some fairly drastic “outs'' in the market- values ol shares. Thi..* >* shown in regard to (lie shares ol the six Ijanks trading in the Dominion, all of winch, with the sole exception *>f the Bank el New Zealand, have paid reduced dividends. lf.rtl 10*2 e s. t 3. i s. d. Com. Bank of Ansi 0 !'> «.» 11 U 0 Union Bunk of Australia ... S 10 0 0 14 0 Bank of N.S.W. 27 0 0 2-1 17 (5 Bank of A list. ... 10 •'» 0 S 17 0 Bank of XZ. ... 2 ft « 22 0 Knt. Bank ol X.Z. •> 1 (I J 7 -I Commercial Bank <d AusOali.i shows a drop of Is. or about (i 2-.1 per cent. Union Bank of Australia has declined 30/fi, or nearly 2! per cent.; Bank of New South Waledropped 42/(5, or not quite H per cent.; Bank of Australasia are 28/less than a year age. or over IH.\ per cent.; Bank of New Zealand declined 0/f>, or a little over 1:1 per cent. T'lie drop in National Bank of .New Zealand .is Jfl/8. equal In over f!2 per cent.
Ol her share values also tdiow mark ed recessions.
C S. <l. P s. d. Dnlgety and Co ... 7 L.> 0 < B 0 Goldsbrougb, Alert and Co. ... 1 1 (» I 1 n N.Z. Guarantee
Corporation ... 0 f> 4 D 4 .1 Auckland Gas ... I J 4 1 I •’ Chrislchiirch Gas I -I 10 1 4 d N.Z. Refrigerating,
on/- B 12 S 0 1.0 8 N.Z. Refrigerating, 10/- 0 J 4 0 J <> N.Z. Breweries ... • I L"> A I •’ Wilson’-s Cement 2 0 0 1 K British T'ohacce ... Ift H ' OH Alany of the companies have redueduccd their dividends and seme have postponed their interim dividends, which- partly accounts for (heir decline. hub shrinking revenues are the main cause. 'Rome concerns could have p>aid larger dividends than those declared, and this is the case with some of the hanks, but a desire to conserve resources prevented larger dividends.
Afore businows is being dene in mining shares than a year ago, and judging from the number of ikbv companies registered there should be considerable activity in the mining sliarcmarket- later on.—Dominion.
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Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11601, 30 March 1932, Page 3
Word Count
382LOWER LEVELS Gisborne Times, Volume LXXIII, Issue 11601, 30 March 1932, Page 3
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