Bright Tone on ’Change

Sun (Auckland), Volume III, Issue 750, 24 August 1929, Page 12

Bright Tone on ’Change

BANK OF N.Z. ACTIVE BUSINESS on ’Change is gradually spreading to a wider tield and considerable activity is being registered in many shares. Bank of New Zealand are selling freely at t>3s 6d.

Yesterday afternoon’s business.—On •Change: New Zealand Farmers’ Fertiliser. £1 2s. Reported: Bank of New Zealand. £3 3s 6d; Auckland Gas, £1 4s 2d: Ohinemuri Gold and Silver, 10s 6d; New Zealand Government War liOan, 1933, 5* per cent., £lOl 12s 6d; New Zealand Breweries (deb.), £1 Bs. Business at this morning’s call. —On •Change: Timaru Brewery (new issue), Ss lOd. Reported: Union Bank of Australia. £ls Is 6d; Bank of Australasia, £l4 9s; New Zealand Insurance, £2 8s 1 id. • • m The bank section is commanding considerable attention and numerous sales are being written up. New South Wales are exceptionally firm cum dividend, and shares are scarce. Union of Australia are selling freely at market rates. In the loan and agency, shares remain firm and occasional sales are being reported. Farmers’ Co-op. Auctioneering are improving. Goldsbrough Mort. maintain fair inquiries. River Plate are also firm, with buyers 30s 6d. sellers holding for 31s 9d. Loan and

Mercantile, both issues, have keen buyers. * * * Coal shares are less active. Hikurangi, all issues, have persistent buyers. Renown, both issues, are asked for, few shares changing hands. Taupiri are firm. Waipa are slightly weaker. * * * A healthy demand is registered for local body and Government bonds and debentures. * * * Dividends Due Due. Grey and Menzies—S p.c. p.a., pref. and ord Aug. 21. Victoria Nyanza Sugar Co.. Ltd. —lnterim dividend of 7} p.c. (Is 6d a share) Aug. 31. Wellington Woollen—lo p.c. p.a. Aug. Bank New South Wales—lo p.c. p.a. (int.) Aug. 27. Standard Insurance —Final dividend of Is 3d a share .. .. Sept. 3. Electrolytic Zinc—6 p.c. ord. and pref. (final) Sept. 6. Holden’s Motors—ls a share ord. (final), making 10 p.c. p.a. and 8 r».c. A and B pref. Sept. 11 North Auckland Farmers—6 p.c. p.a., pref Sept. 6.