Healthy Trading

Sun (Auckland), Volume III, Issue 726, 27 July 1929, Page 12

Healthy Trading

MARKET ON ’CHANGE By “Noon Call.” AVERY healthy tone was recorded in the market on ’Change this morning right to the close. A comparatively heavy volume of business was recorded.

fluctuations Price movements shown in sales over the past 24 hours compared with the price at the time of the previous recorded sale, include: Electrolytic Zinc, rise: of 1s 2^d. Electrolytic Zinc (pref.), rise of 1s Id. Renown Collieries (pref.)» rise bf Id. Bank of New Zealand, rise of Id. # • * Business on Auckland Market Transactions on the Auckland market over the past 24 hours included: Yesterday afternoon.—Auckland Gas <deb.), 1932, 5 per cent., £96 10s; Union Bank of Australia, £ls 11s; New Zealand and River Plate, 31s; Renown Collieries, 17s; ditto (pref.), 3s 2d; Devonport Steam, 225; .Electrolytic Zinc, 38s ljd; ditto (pref.), 39s 3d. Business this morning.—On 'Change: Waihi Mining, 11s lOd; Auckland Gas, 24s lOd. Reported: Bank of New Zealand, 61s 3d; South British Insurance, 68s. Waikato Coal* Still Rising A very firm tone is recorded in the coal group. Buyers of Pukemiros have moved up to 68s, but sellers are not Interested. Buyers of Waipas have moved up to 3 4s 3d and, by the general tone of the market, it would not be at all surprising to see a market at slightly over par next week. Even Southern coals are registering n. rising tendency. Buyers of Grey Valleys have moved up to 255, with sellers asking 275. * • « Electrolytic Zincs Very Firm A very firm tone is recorded in the market for both issues of Electrolytic Zinc. The month opened with the market steady at 35s 9d and 36s 6d for the ordinaries and preference respect-

ively. No doubt the news that the company is extending its interests in the fertiliser industry, coupled with the fact that its output of zinc for the year ended June 30 last constituted a record, has much to do with the increased buying strength. It is interesting to remember that the cum div. price at this time last year was 33s and 33s 4d respectively. • * • Market at Today’s Call Banks and insurances are quiet on a steady market. The market for Bank of New Zealand shares is slightly firmer. Auckland Gas scrip continues active around 14s lOd. Gisborne Gas shares are sought at 13s, but sellers are hard to locate. In the timber group, Kauris are meeting with slightly more inquiry, buyers moving up Id to 18s Id this morning. New Zealand Breweries are quietly steady, the downward movement of the past few days having been checked meantime. In mining, Waihis are a little easier. Ohinemuries are very firm, with buyers offering 8s 9d, but sellers not prepared to make a declaration. * * * Calls and Dividends Calls and dividends are due as follow: Dividends— Due. Auckland Gas, 8 p.c., p.a. (int.) July 30 British Tobacco, 6i p.c. (pref.) (quarterly) July 31 Electrolytic Zinc, 6 p.c., ord. and pref. (final) Sept. 6 N.Z. Insurance, lid a share (final) Aug-ust 6 Com. Bank of Australia, 4 per cent, p.a. (pref), 15 per cent., p.a. (ord.) August 8 Victoria Nyanza Sugar, 7\ per cent (interim) August 31 Calls— Alburnia—2d a share .. .. .. July 31