A Quiet Tone

Sun (Auckland), Volume III, Issue 690, 15 June 1929, Page 12

A Quiet Tone

MARKET ON ’CHANGE

By “Noon Call.” A WEEK-END slackness was registered in the market on Change this morning, and several of the more popular stocks were not even quoted. A comparatively small volume of business was put through.

Fluctuations Price movements, shown by a comparison of sales made on the Auckland market over the past 24 hours compa-ed with those at the time of the p evious reported sale, include: Northern Steam, rise of Id. N.Z. Insurance, rise of 3d. N.Z. Breweries, rise of 4d. Business on the Auckland Market Business recorded on the Auckland market over the past 24 hours includes: Yesterday afternoon: Bank of New South Wales, £sl; New Zealand Insurance, 48s; Auckland Gas, 24s 4d; Northern Steam. 14s 4d: New Zealand Breweries, 72s 3d and 72s 6d. This morning: Gear Meat, 13s; Grey Valley Collieries, 23s 4d. Waihi Grand Junction, Pd. N.Z. Insurance Market Firmer The market for New Zealand Insurance scrip is now back to the high levels ruling in February last, when prices touched 48s during the second 'veek. At this price the return on the latest dividend is approximately «C 3 16s 4d per cent. The market views this scrip, not so much from the point of view of immediate return, as from the point of view of future disbursements. Past i ecords make a good case for expecting healthy progress and slightly increased payments to shareholders over the next five years. Auckland Gas Very Firm Further sales of Auckland Gas ordinaries were made yesterday at 24s 4d. This morning buyers were offering Id in advance of that figure. The contributing issue have steady buy-

ers at 18s. At yesterday afternoon's ! price the approximate return on inj vestment is £6 11s 6d per cent. | As far as Auckland is concerned. Southern gas shares are not wanted at j the moment. Firmer Market for Farmers’ Trading i Buyers offered 8s 9d for Farmers’ Trading ordinaries this morning, com- j pared with sales earlier in the week at ; ;8s Gd. Sellers were not prepared to \ j quote. d Gear Meats are very firm, with buy- j - ers in at 6d in advance of the market at the beginning of the week. v Other shares in the miscellaneous - group are quiet, the market showing '• little change. d * Dividends Payable Dividends payable in the near future include: Due. Farmers’ Fertiliser—S p.c. p.a. June 15 Australian Glass—9 p.c. p.a. :i pref., and 12i p.c. p.a., ord. .June 19 n Farmers’ Trading—lo p.c. p.a., >rd. and 7 p.c. p.a., pref. . . June 19 ~ Robinson Ice Cream —10 p.c. p.a. June 20 Bank of New Zealand—l 4 1-3 ° p.c. p.a., ord., and 71 p.c. p.a., D pref June 22 o Mount Lyell—ls 3d a share (int.) June 24 f A. J. Entrican and Co. —6 p.c. ;r p.a., ord., and 6 p.c. p.a., pref June 27 British Tobacco—22 p.c. on ord. (int.) June 29 r ‘Loan and Merc.—2i p.c. on pref. (ipt.); 3’j p.c. on second pref. (int.); 3 p.c. on ord. (int.) June 29 JNew Zealand and River Plate s —4l p.c. (int.) July 1 s National Mortgage—32 per cent. (int.) July 2 e “Dess 2s in £1 English income tax. ILess 4s in £1 income tax.