ON THE ’CHANGE

Sun (Auckland), Volume 1, Issue 37, 6 May 1927, Page 2

ON THE ’CHANGE

REVIEW OF THE WEEK MARKET QUIET Business on the Stock Exchange has been quiet during the week, with little activity in any quarter. In banks, Australasia, New South Wales, New Zealand’ and Union remain firm and New Zealand’s are passing freely from £2 19s 9d to £3^ In the insurance section New Zealand's are firmer and in good demand. In coals Pukemiro have weakened, and the section generally is quiet, i A dull tone is registered in the timber section, with few buyers quoting. The miscellaneous section is generally dull. New Zealand Fertilisers continue to strengthen. Taranaki Oils are weakening with no buyers in the market. Mining, except for Waihis, which left the market at mid-day to-day with buyers offering 18s Id, is generally depressed. Alburnias and Kawaraus have declined several points during the week.

Government and local body debentures remain firm and are meeting with a steady demand.

SALES REGISTERED At yesterday afternoon’s call Devonport Steam (£1 7s 3d) and £1 7s; Bank of New Zealand, £3, Pukemiro (£2 18s); Westport (£1 15s 9d). At the 10 o’clock call: N.Z. Inscribed Stock, 1938, 41 p.c. £96 15s). At the mid-day call: Waihi, 18s 3d. MID-DAY QUOTATIONS

Closing quotations at mid -day today were: — Sellers. Buyers. BANKS— £ s. d. £ s. d. Bank of Australasia 14 13 0 Commercial Bank of Australia 1 11 0 Ditto (pref) . . . . 6 16 Eng. Scot. & Aus. 8 10 0 8 Nat. Bk. N.Z. Ltd. V b 0 New South Wales . . 49 0 0 46 15 0 New Zealand . . 3 0 6 3 0 0 Union of Aus. .. 15 15 0 15 12 6 INSURANCE— National 3 15 0 New Zealand . . . . 1 17 6 South British .. .. 2 14 6 2 14 0 LOAN AND AGENCY— Abraham and Williams (pref.) .. .. 4 0 0 Farmers’ Auct. .. .. 3 15 0 Ditto A (pref.) .. 0 18 0 Ditto B (pref.) .. 0 16 6 N.Z. Guarantee Cor. 0 9 6 N.Z. Loan 9b 0 0 Ditto (pref.) .. .. 85 0 0 81 0 0 COAL — Hetherington (con) 0 6 0 0 4 3 Hikurangi 0 2 6 Ditto (pref.) . . . . b 0 Ditto A (pref.) . . 0 H 0 Pukemiro 3 0 0 2 17 0 Taupiri 1 2 0 Ditto (pref.) .. .. 1 2 6 Westport 1 16 0 1 15 0 GAS— Auckland 1 3 6 1 3 5 Ditto (con.) . . . . 0 14 11 0 14 Gssborne 0 11 0 — SHIPPING — Devonport Steam . . — 1 6 9 Huddart-Parker 7 9 2 7 6 Ditto (pref.) .. .. 1 0 0 Northern Steam 0 14 6 0 13 6 Ditto (con.) .. .. 0 6 9 Union Steam (pref.) — 1 0 0 TIMBER— Bartholomew 1 1 6' 0 19 0 Kauri 1 5 0 Ley.-O’Brien (ex d.) 1 18 0 — National 0 14 0 Parker-Lamb .. 1 3 0 — WOOLLEN— Kaiapoi 0 10 0 — BREWERIES— C. L. Innes (pref). 1 n» 0 N.Z. Breweries .. .. 2 12 6 — MISCELLANEOUS— Auckland Amuse 0 14 6 0 9 0 Checker Taxi . . . . 1 0 0 Dental and Medical Supply Co 17 6 Dom. Pictures 0 19 0 Donaghy’s Rope .. 1 14 6 Grey & Menzies 0 12 6 Hill & Plummer .. 1 6 H.M. Arcade (pref.) 1 0 0 Kempthorne Prosser 3 4 0 Milne & Choyce 1 %4 3 Ditto (pref.) .. .. 1 4 3 Ditto, B (pref.) .. 1 4 3 Ditto ,(deb. stk) . 1 4 6 N.Z. Farmers’ Fer. 4 4 0 3 19 6 N.Z. Paper Mills .. 0 18 6 N.Z. Refrigerating (con.) 0 6 10 Northern Boot .. .. 0 17 6 Phillipps and Impey 1 13 6 Sanford Ltd 1 1 1 6 Ditto (pref.) .. .. 1 1 9 1 1 0 Taranaki Oil N . . 0 10 9 Thames Theatre .. 1 0 0 0 15 6 Tonson Garlick . . .. 0 17 0 Wiseman (ord.) 0 8 6 Wilson’s Cement .. 1 15 3 1 14 6 MINING — Alburnia 0 3 2 0 2 9 Ballarat (con.) .. 0 0 6 _ Moanataiari (con.) . 0 4 0 0 Empire Reefs (con.) 0 0 5 Kawarau 0 3 1 0 2 Kuranui 0 0 8 Lucky Shot (2s pd.) 0 2 9 0 2 1 Ditto (con.) .. .. 0 2 6 0 2 Maoriland (con.) .. 0 2 0 Majestic 0 0 8 0 0 1£ N. Waiotahi (4s pd.) 0 1 0 0 10 Ditto (con.) .. .. 0 0 11 0 0 8 N. Zeehan Consol. 0 1 0 Nonpareil 0 1 0 Occidental-Una (con.) 0 0 10 0 Ohinemuri 0 5 0 Waihi 0 18 3 0 18 DEBENTURES— Auckland Gas 1932, 5 per cent 92 Ditto 1928, 6i Auckland Harbour Board, 4 p.c. .. . 85 0 Ditto, 6 p.c 103 5 0 City of Auckland, 1940, oi p.c 96 0 Auck. Elec-Power Board Bor. of Devonport, £ — 100 0 Her of Mt. Eden. 64 N.Z. Breweries . . . . 1 4 4 Milne & Choyce .. 96 0 Glaxo — 87 10 0 GOVERNMENT BONDS— War Loan, 1930, 4\ 97 Ditto, 1938, 4h .. Ditto, 1939, 41 . . Ditto, 1941, 4£ .. Ditto, 1933, 5 1 .. Ditto, 1936, 5 1 .. . . — 101 0 0 INSCRIBED STOCKWar Loan, 1938, 41 Ditto, 1939, 41 Ditto, 1D27-41, 5J 99 Ditto, 1933, 51 .. 0 0 Ditto, 1936, 51 .. — 101 0 0