Demand for Sound Stocks

Sun (Auckland), Volume IV, Issue 986, 31 May 1930, Page 11

Demand for Sound Stocks

Market on ’Change By “Noon Call.* THK market closed on ’Change this morning with the improved demand for sound stocks shown during the week well maintained. There is a decidedly healthier tone in the Australian market. FI IJCTUATIONS | not big, there was a hea.lthy demand - i for shares in all progressive compan-

Price movements, shown by a comparison of sales over the past 24 hours with the price at the time of the previous recorded sale, include:— Commercial Bank of Australia, rise of Id. New Zealand Guarantee Corporation, fall of Id. * * * Business on the Auckland Market Transactions on the Auckland market over the past 24 hours have included the following: Yesterday afternoon: Colonial Sugar. £4l ss. This morning: Commercial Bank of Australia, 21s 8d; New Zealand Guarantee Corporation. 7s 9d: Farmers’ Trading. 8s 9d; English. Scottish and Australian Bank, £6 10s; Mount Lyell Mining, 29s 6d. * * • Market This Morning Although the amount of business recorded on ’Change this morning was

ies. The big feature of the closing market ; was the fact that, in practically every [ instance where a rise took place earlier jin the week, it was maintained this morning, with indications ip practicallv every instance pointing to even higher prices. The gilt-edge market is very firm, with the demand especially keen for free-of-income-tax loans. * * 0 Dividends Due Farmers' Trading—A and B pref., 7 p c. p.a May 31 Henry Jones Co-op.—interim, 9d a share June 2 Wilsons Cement—final, 5 p.c., bonus, p.c June 4 Bank of N.Z.—final and bonus, 14 1-3 p.c. p.a June 21 Mount Lyell—interim, 5 p.c. .. June 23 Australian Glass—final, ord., 5 p.c.; bonus. 2£ p.c.; pref. final, 4i p.c. June 25 Farmers’ Trading—ord., 10 p.c. p.a June 26 Faterine Stock Foods—pref.. 5 o. p.a June Loan and Mercantile —interim, ord., 2 p.c.; 5 p.c. pref., 2£ p. 6J p.c. pref., 31 p.c. .. June