A Quiet Morning

Sun (Auckland), Volume IV, Issue 1077, 15 September 1930, Page 11

A Quiet Morning

Market on ’Change

By “Noon Call.” rIE market opened on ’Change this morning showing the usual Monday morning disinclination to make heavy commitments until after the arrival of Sydney cables. Last week s slight improvement was, in most instances, sustained.

ri..ft£uations_. p r j ce movements, shown by a -rtinarison of sales on the Auckund m.rkct during ihe morning *;th the price at the time of the -to"? recorded sale, include:3ark of New South Wales, fall Bank of Australia, fall of 2d - Business on Auckland Market Transactions, recorded on the Auckland market during the morning in-jluded-he cartv oa] j—Bank of New South Wales, £3l 15s. At Midday. —Bank of New Zealand ,n mort. shares). 27s 3d; Union Bank It Australia, £10: Commercial Bank of Australia, 1 ?s Gd. » * » A Quiet Morning For a Monday morning the volume if business recorded this morning was quite satisfactory, but there were no noteworthy changes in prices. Commercial Banks were a little

weaker, following on what seems to be an almost general opinion’ that this concern wilt be compelled to reduce its dividend rate in the near future. There seTw Un a ., larse number of forced ■ eiKis in tlie market and these are bearing prices. fir^'i he Silt-edge group remains very A small parcel of New Zealand I changed hands at a lower „-i rl i le industrial group, generally, is weak, with sellers predominating. * » * Dividends Due Huddart-Parker—interim, ord -1 P.c., pref., 3 p.c Sept. IS Kempthorne and Prosser—interim. 4J p.c .. Sept 24 British Tobacco—quarterly, 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. j if right. Stephenson, interim, ord., 31 p.c oct. 6. i Thames Theatre—lo p.c Sept.