Gilt-Edge Market Firm

Sun (Auckland), Volume IV, Issue 1074, 11 September 1930, Page 11

Gilt-Edge Market Firm

Movements on ’Change

By

“Noon Call.”

A SLIGHTLY brighter tone is recorded on ’Change. The gilt-edge market remains very firm.

Fluctuations Price movements, shown by a mDar ison of sales recorded over the past 24 hours with the price jt the time of the previous recorded ■ale include: * Commercial Bank of Australia, fall of 6dSouth British Insurance, rise of 3d Waihi Mining, rise of 3d. * » » Bueiness on Auckland Market Transactions on the Auckland market over the past 24 hours have inafternoon: Commercial Rank of Australia, ISs fid: National Tnmirance 13s lod; South British Insurance, 5Ss. Auckland Gas, 245; Wilsons Cement, 40s fid; Commercial Bank of Australia (con.), 13s. it midday: New Zealand Insurance. 4"s fid (two parcels); Milne and Choree (deb. stock), 24s ltd; Waihl .Mining. 15s. * * * Brighter Market for New Zealand Stocks A decidedly brighter market for New Zealand shares was recorded on 'Change this morning. .\>w Zealand Insurance shares are quietly active on a. firm market. South British have moved up a shade during the period, and continue to meet with u steady demand. Wilsons Cements are very firm, with u rising tendency. Waftii mining shares have moved up to see sales*at las, with more wanted ground that figure. More buyers than sellers are in the market at the moment. Australian shares are still weak. * * » British Tobacco (Aust.) There does not appear to have been any ground for a recent report that The British Tobacco Company (Australia), Ltd., was feeling the effects of

the business depression, states the “Melbourne Herald.” It has again declared a quarterly dividend of 3 per cent, on ordinary capital. This payment, due on September 30. is the last for the financial year, which ends on October 31, and it means that ordinary shareholders will bo paid 12 per cent, for the year, against 11 per cent, for the preceding 12 months. Total distribution for the current year will be £976,135. The 61 per cent, preference dividend amounts to £96.507, making total disbursements on share capital for the year £1,072,642. As only £27,668 was brought into the accounts, it is clear that the record profit of £.1,011.307 shown for the 1928-29 year will be easily eclipsed. * * * Dunlop-Perdriau Rubber Advice has been received that the directors of the Dunlop-Perdriau Company. Limited, have declared a final dividend of 3 per cent. An interim dividend of 3 per cent, was paid in March. The dividend last year was 10 per cent. The company lias a paid-up capital of £3,764,151 and the reserves at the last annual balance totalled £502,412. * * * Talisman Dubbo Gold M ines The manager of Talisman Dubbo Gold Mines reports: The drive on the Dubbo reef was advanced 11 feet for the week. The lodo is three feet wide, showing a nice tail of gold in the dish, and is of fair value. Dividends Due Tluddart-Farker—interim, ord. 4 p.c., pref., 3 p.c Sept. IS Kempthorne and Prosser—lnterim, 4i p.c Sept 24. British Tobacco-—quarterly, 3 p.c Sept. 30, Bank of Australasia, interim. 14 p.c. p.a Oct. 3. Milne and Choyce—shares and deb. stock, 8 p.c. p.a Oct. 10. Wright, Stephenson, interim, ord., 3J p.c Oct. 6. Thames Theatre —10 p.c Sept.