ON THE ’CHANGE

Sun (Auckland), Volume 1, Issue 94, 12 July 1927, Page 2

ON THE ’CHANGE

UNION BANKS FIRMER MINING DEPRESSED Union Banks dealt wjth at £ls 15s, j an advance of 2s 6d on last week s • parity, was the feature of this raornning's business on the ’Change. The tightening of the market was no doubt due to the rumour that a new issue had been announced. This, as yet, is unconfirmed, and the local office of the bank has heard nothing. National of New Zealand Banks continue to weaken, leaving the mid-day call with buyers £6 16s and sellers £6 18s. Coals, though generally idle, are firm. Auckland Gas continues active at late quotations. Mining is dull, though small parcels continue to change hands. Alburnia, Moanataiari and Waihi all tend to weaken. Government and local body debentures continue in good tone. SALES REGISTERED At yesterday afternoon's call: —On the ’Change: Bank of N2Z., £2 ISs 9d; | Waihi, 18s 6d. Reported: South British Insurance. £2 18s; N.Z. Breweries. £2 7s 6d; N.Z. inscribed stock, 1933. 5£ per cent., £lOl ss. At this morning’s call: —Reported: N.Z. Breweries, £2 7s 6d. At to-day’s mid-day call: —On ’Change: N.Z. Insurance. £1 19s 3d: Occidental Una, 9d: New Waiotahi (con.), 9d. Reported: Kawarau, Is 2d. Union Bank, £ls 15s. MID-DAY QUOTATIONS Closing quotations at the mid-day

DISPOSING OF DERELICTS*-^ authorities are frequently fac , er€ . the problem of the disposal o . lict which may be dans , e r oU *! rHn o < > esping, or of a burning J hlp r f\ )roP ertv plosion may endanger life and_ P B0 * It is on such an occasion ” losir? and again comes across t 0 / entry, “Sunk by gunfire i . peace, as has been the c^ torilt; rt" Spanish steamer Cabo haj ' cently destroyed by the jg r«Service. In this connectl °!? pte s teaff- er minded of the burning concret in a Portuguese .P ort disDO ged * after the w'ar. She waJJ nea rb -; in this way for the safety o shipping, and , the f .^\o ok great P^,' method of construction toox g in the reported fact that fter waro* shells to sink her. « Q f them turned out that onl> tnr fact hit, but in the meantime tft en t » been used as a great argu^ favour of stone ships.

call were: — Sellers Buyers. BANKS— ■e n. tf. £ s. d. Bank of Australasia 14 16 6 1 9 Com. Bank of Aus. 1 9 9 Ditto, (pref.) 7 1 Eng., Scot, and Aus. Ditto, (new issue! Nat. Bank of N.Z. Nat. Bank of Aus6 17 6 6 16 17 0 New South Wales.. 46 0 0 45 7 New Zealand 2 18 Ditto (10s paid) . . 0 17 0 0 Ditto (20s paid) . . 1 5 Union of Australia. 15 17 INSURANCE — 3 13 6 New Zealand . . 1 19 6 1 19 0 South British .. . . — Standard — 2 19 9 DOAN AND AGENCY— Abraham and Williams 4 10 4 2 6 Dalgety and Co. . . 13 14 0 Farmers’ Co-op. Auc. 3 10 0 Ditto (B pref.) .. 0 16 0 9 Goldsborough, Mort Newton King (pref.) 0 14 N.Z. and River Plate 1 8 6 N.Z. Guar. Corp . . 0 8 Doan and Merc. Ditto, (pref) N. Auck. Farmers’ — SO 0 0 Co-op. (B pref.) . 0 S 6 — COAL— Renown Coll, (con.) 0 6 6 0 5 6 Hikurangi (pref.) .. 0 4 9 Ditto (A pref.) . . 0 3 9 Pukemiro Collieries 2 18 6 Taupiri 1 4 0 1 3 Ditto (pref.) .. .. 1 3 Waipa GAS— ' 0 14 3 Auckland 1 3 9 1 3 4 Ditto (con.) .. .. 0 17 6 0 17 3 Birken. & Northcote 0 17 0 Wellington — 1 7 0 SHIPPING— Devonport Steam . . 1 4 3 Huddart-Parker 2 8 0 Ditto, (pref.) 1 ft ft Northern Steam 0 14 ft Ditto (con.) .. .. 0 7 0 0 6 4 Union Steam (pref.) 1 0 3 1 0 0 TIMBER— Bartholomew .. .. 1 0 6 Kauri 1 4 0 1 1 9 National 0 14 0 0 11 ft Parker-Lamb .. .. WOOLDEN— 1 2 6 Kaiapoi 0 11 0 0 10 0 Ditto (con.) . . 0 4 0 0 3 Wellington (pref.) . . BREWERIES — 6 7 ft C. L. Innes (pref.).. 1 0 0 N.Z. Breweries, Ltd. 2 10 0 2 7 0 J. Staples Co., Ltd. 1 19 6 1 18 0 MISCELLANEOUS— Auck. Amus. Park. 0 10 6 0 9 3 Ditto (pref.) .. .. 0 18 0 A. J. Entrican & Co. 0 19 0 British Tobacco 2 13 9 2 13 0 Burns, Philp & Co. 2 0 0 Bveroft, Ltd 1 9 6 Checker Taxicab .. n 18 0 Ditto, (con.) 0 7 G 0 5 9 Col. Sugar (Aus.) 52 15 0 51 15 0 Dental and Medical 0 16 0 Dominion Pictures.. 1 0 Ditto (pref.) .. .. Electrolytic Zinc — 1 0 0 (pref.) 1 12 Gear Meat Co Grey and Menzies. . 0 12 6 0 9 Henry Jones Co-op. 1 17 Mill and Plummer. . 1 1 H.M. Arcade (pref.) 1 0 0 Kempthorne Prosser 3 5 0 6 Milne & Choyce .. 1 4 Ditto, (pref.) .. .. 1 4 6 Ditto. B (pref.) .. 1 4 6 Ditto (deb. stock) Murchison Oil Co. 1 4 6 1 3 6 (20s pd.) . . . . 1 1 0 N.Z. Fertiliser . . 4 1 6 3 15 0 Phillipps and Impey 1 14 0 Robinson Ice Cream 1 1 0 Sanford, Ltd 1 2 0 Ditto (pref.) .. .. 1 2 0 Sharland and Co.. . 1 2 0 Taranaki Oilfields . 0 9 0 Thames Theatre 0 19 0 0 15 0 Tonson Garlick . . 0 13 0 Union Oil 2 1 0 1 19 0 2 6 0 6 Wilsons Cement 1 14 3 1 13 9 MINING— Alburnia 0 4 1 ft 3 10 Moanataiari (con.) . 0 3 1 Ditto (new issue) . 0 2 0 0 1 9 Empire Reefs (con.) 0 0 8 Golden Age (pd.) .. 0 0 Ditto (con.) . . . . 0 0 0 0 2 Kawarua 0 1 0 1 1 Komata Reefs . . . . 0 0 3 Kuranui 0 0 6 Lucky Shot (2s pd.) 0 2 0 1 S Ditto (con.) . . . . 0 2 0 0 1 6 Maoriland (con.) . . 0 1 Majestic 0 0 b 0 ft Mt. Welcome (paid) New Waiotahi (4s 0 2 paid) 0 1 6 ft 1 0 Ditto (con.) .. .. 0 0 11 ft ft Si Nonpareil (con.) 0 0 6 (con.) 0 0 s; 0 0 7i Ohinemuri o 4 0 4 ft Waihi 0 19 0 0 18 3 Waihi Grand June. 0 1 7 0 1 3 AUSTRALIAN — Mount Lycll .. . . 1 8 9 1 8 0 1 > EB EN T U RES — Auckland Gas, 1928 6i per cent. Auckland Harbour 99 0 0 Board, 4 per cent. 85 0 0 Ditto, per cent. 98 ft 0 Ditto, 5g per cent 102 0 0 Ditto, 6 per cent City of Auckland — 102 ft 0 1940, 5J per cent. 96 0 0 Auck. Fewer Bd. . . 98 ft ft Auck Hospital Bd, 5i 98 0 ft Auck. Bnre Board, 6 104 0 0 100 0 0 Bor. of Gisborne, 52 97 6 0 53 1ft ft Bor. of Devonport. 6 100 ft 0 Bor. of Mt. Eden, 0 102 0 0 Bor. of Hamilton, 6 104 0 0 100 ft 0 N.Z. Breweries • • 1 3 8 1 3 Glaxo — 88 10 u GOVERNMENT BONDS— War Loan, 1930. 4i — 97 10 0 Ditto, 1938, 4* p.c. 96 15 0 Ditto, 1939, 4i p.c 96 15 0 Ditto, 1933, 5i p.c. 100 15 0 Ditto. 1936, 51 p.c. — 101 0 0 INSCRIBED STOCK— War Loan, 1929, 5 . 98 10 n Ditto, 1938, 41 p.c. 97 ( 0 96 17 6 Ditto, 1939, 41 p.c. 96 r 6 Ditto. 1927-41. 5.1 98 5 0 Ditto, 1933, 51 101 5 0 100 15 ft Ditto., 1936, 51 . — 100 15 0