Markets and Money

Sun (Auckland), Volume 1, Issue 109, 29 July 1927, Page 2

Markets and Money

A Review for Business Men

ON THE ’CHANGE BUSINESS QUIET WAIHIS WEAKER Business continues quiet on the local ’Change, and there is little changing hands. Taupiri coals have firmed to see sales at 255. Hikurangis continue to improve and A preference were sought at 6s 6d, with sellers in at 6s 9d. * In timbers, Bartholomews have strengthened to see buyers at 20s. Mining is dull and generally idle, any tendency being downward. Waihis sold down to 19s 6d for a small parcel. SALES REGISTERED At yesterday afternoon’s call: On ’Change: Waihi Junction, Is 6d. Reported: Bank of N.S.W., £45; Bank of N.Z. (10s paid), 16s 7d; Auckland Gas (con.), ex div., 17s 3d; N.Z. War Loan, 1939, 4 h per cent., £96 15s. At this morning’s 10 o’clock call-—On ’Change: Waihi, 19s 6d. Reported: Bank of N.Z. (10s pd.), 16s 6d; N.Z. Inscribed stock, 1930, 5.* per cent., £99. At to-day’s noon call.—On the Change: Waihi, 19s 7d; Taupiri Coal, MID-DAY QUOTATIONS Closing quotations at to-day’s midday call were:

LONDON TALLOW SALES By Cable.—Press Association.—Copyright LONDON, Wednesday. At the London tallow sales 1,489 casks were offered and 593 were sold at lower prices all round. Quotations for mutton are:—Fine, 34s 6d; medium, 31s. Beef: Fine, 365; medium, 31. —A. and N.Z.-Sun.

IN THE MARKET PLACE

CHEAPER EGGS DEMAND FOR ORANGES Oranges meet with a ready sale in the city marts. Eggs are cheaper and likely see even lower values within the next week or so. Most vegetables are in good supply and meet with a steady sale. Owing to transport difficulties poultry were short supplied thjs morning and prices firm. Good cooking apples meet with a firm demand, though inferior sorts are to be had at lower values. Island oranges sell freely, but lemons, coming forward in larger quantities, are meeting with a slightly easier market. A fresh shipment of citrus fruit from over the Tasman is due on the Sydney boat early next week. The Fiji boat is not expected till the following week. Ex Wellington, toward the middle of next week, merchants expect a small quantity of Island fruit. In the field and garden section steady business is recorded with the market still glutted with inferior quality onions. Eggs have slumped to see hens’ selling at 2s to 2s Id, and duck eggs at Is lOd to 2s a dozen.

Owing to disorganisation of the railway services the market is rather short supplied with poultry and pigs. Prime birds especially are meeting with an exceptionally strong demand, and cockerels and heavy hens are keenly sought after. PRICES UNDER THE HAMMER Prices under the hammer at to-day’s auction ranged as follow: FRUIT Apples: Delicious, 7s 6d to 10s 6d a case; Sturmers, 9s to 10s; Monroes, Ns Cd to 9s; Rome Beauty, Ss to 8s 6d; Washington, Ss to 9s; Cleopatra, 7s to Ss 6d; Dougherty, 4s 6d to 7s 6d; Ballarats, Ss 6d to 9s. Pears: Nellis, 9s to 10s 6d a case; Coles, Ss to 10s. Lemons: Local, 6s to 12s a case. Tree tomatoes, 4s so 6s Gd a ease. Tomatoes: Hothouse, 9d to Is 3d a case Grapes: Hothouse, Is to 3s a lb; Sydney, 14s to 21s a case. Passions: Choice, 14s to 16s, others 5s to 8s a case. Mandarins: Sydney, ex cooler, 15s to ISs a case. Oranges: Sydney Navels, 15s to 19s 6d a case; Island, 21s; Norfolk Island, 12s to 14s. Coconuts, 17s a sack. Guavas, 6s to 7s a case. Bananas: Repacked, ISs to 22s a case. VEGETABLES Potatoes: Southern, 7s to 7s 6d a cwt; new, ssd a lb. Kumaras: Island, 4s to 9s a case; Tauranga, 8s to 10s a cwt. Pumpkins: Ordinary, 4s to 5s a cwt; Crown and Triumble, 6s 6d to 8s a cwt. Swedes, Is 6d to 2s 3d a bag. Onions: Good, 2s 6d to 2s Dd a bag; others, Is to 2s. Cabbages, 5s to Ss a sack. Cauliflower, 5s to 7s 6d a sack. Lettuce, Is to 5s a case. Rhubarb, 4s to 5s 3d a dozen. Spinach, 9d to Is 3d a dozen. POULTRY Prime heavy cockerels, 6s 9d to Ss 6d. Prime lighter cockerels. 4s 9d to 6s 6d. Light cockerels, 3s to 3s 9d. Heavy hens, 4s to 5s 6d. Lighter hens, 3s 3d to 4s. Roosters, 3s to 3s 6d. Ducks, 3s Sd to ss. Young ducks. 6s 3d to 7s. Pullets about to lay, 6s to 7s 9d. Young drakes, 3s 6d to 4s 3d. Pullets, backward, 3s upwards. Muscovy ducks, 4s 6d to 5s 6d. Muscovy drakes, 5s Id to 6s. Goblers, 12s to 18s. Turkey hens, 6s lOd to Ss Dd. PIGS Weaners. 15s to 24s 6d. Stores, 23s to 375. Slips, 17s to 265. AUSTRALIAN PRODUCE By Cable. —Press Association.—Copyright SYDNEY, Thursday. The following are to-day’s quotations on the Sydney produce markets: Wheat: At country stations, 4s 9£d: ex truck at Sydney, 5s sd. Flour: Export, £l2 10s, f.0.b.; local, £l3 ss. Bran and Pollard: £7. Oats: Tasmanian and Algerian, ss: white, 4s lOd. Maize: Yellow”, ss. Potatoes: Tasmanian. £7 to £9. Onions: Victorian, £6 10s to £7. Adelaide prices are: Wheat: Growers’ lots, 5s 4id: parcels, nominally, 5s 7d to 5s 71d. Flour: Bakers’ lots, £l4 2s 6d. Bran: £6 10s. Pollard: £6 15s. Oats: 3s 9d.—A. and N.Z. SOUTHERN EXCHANGES YESTERDAY’S SALES Wellington.—4£ per cent. Stock (1938), £96 12s 6d; 5J par cent. Stock (19?>), £lOl 2s 6d; Bank of New South Wales, £44 15s; Bank of New Zealand, 58s 9d, Union Steam (pref.), 20s 3d; Waipa Coal, 14s 8d; British Tobacco, 52s 6d; Kawarau, Is Id. Christchurch. —Bank of New Zealand, 58s 6d (five); Christchurch Gas, 24s sd; Dalgety and Company, £l3 14s 6d; Goldsbrough, Mort, 45s 3d (two); Kaiapoi Woollens (17s paid), 10s 6d. Dunedin.—New Zealand Refrigerating (paid), 14s 9d; Bruce Woollen, 10s, 9s 9d; New Zealand Government Bonds, 4i per cent., 1938, £96 15s; Huddart- Parker (ord.), 47s IOJd. MELBOURNE HIDES SALE By Cable.—Press Association. —Copyvight MELBOURNE, Thursday. At the Melbourne hides sales heavies and kips were quoted at late rates to l-8d to 4d lower. —A. and N.Z. BANK OF ENGLAND RETURN By Cable.—Press Association.—Copyright Reed. 9.5 a.m. LONDON, Thursday. The following is the Bank of England return: ISSUE DEPARTMENT Note circulation £137,958,000 Note in reserve 32,014,000 £169,972,000 Government debts £11,015,000 Other securities 8,735,000 Gold, coin and bullion . . . . 15o|222!oOO £169,972,000 BANKING DEPARTMENT Proprietors’ capital £14,553,000 Re *t 3,530,000 Public deposits 9.577.000 Other deposits 103i482|000 Seven-day and other bills . . 3,000 £131,445,000 Government securities .. .. £49,992,000 Other securities 47,857,000 Notes in reserve 32,014.000 Gold and silver coin 1,582,000 £131,445,000 1 i The proprtion of reervese S—9 The proportion of reserves to liabilities is 29.60 per cent. Short loans are quoted at 35 per cent., and thr**e month [bills at 4 11-32 per cent.—A. and N.Z.

Sellers Buyers BANKS— £ A a. £ d. Bank of Australasia 14 10 0 Com. Bank of Aus. 1 9 6 3 8 9 Ditto, (pref.) . . . . 7 1 0 16 0 12ns., Scot, and Aus. (rights) 1 10 G 3. 7 6 Nat. of N.Z., Ltd. 6 16 6 New South Wales .. 45 New Zealand . . . . 38 9 Ditto (10k. pd.) .. 0 16 10 0 16 Ditto (20s paid) . . — 1 Union of Australia — 15 0 0 INSURANCENational 3 New Zealand . . 1 South British . . . . 2 17 6 2 16 0 LOAN AND AGENCY— Farmers’ Co-op. Auc (B pref.) 0 Goldsbrough, Mort (rights) 0 9 6 0 8 Newton King (pref) 0 14 0 N.Z. and River Piata 1 a 0 X.Z. Guar. Corp. 0 10 Loan and Mere. . . 95 0 0 91 Ditto (pref.) .. .. — 80 0 0 N. A uck. Farmers’ Co-op. B (pref.) .. — 0 5 6 COAL— Renown (con.) . . .. 0 Hikurangi Ditto (pref.) 0 Ditto A (pref.) .. Pukemiro Collieries Taupiri 1 Ditto (pref.) .. .. 1 3 Waipa 0 15 6 0 14 6 GAS— Auckland (ex. div.) 1 j» 3 9 7 Ditto (con.) 0 17 Birkenhead 0 17 0 SHIPPING— 1 Devonport Steam . . 1 5 0 Huddart-Parker 8 Ditto (pref.) .. . . Northern Steam 0 Ditto (con.) .. .. 0 6 10 — TIMBER— Bartholomew Kauri 1 4 0 Leyland- O’Brien Parker-Lamb .. . . 1 2 6 WOOLLEN— Kaiapoi 0 11 0 0 10 0 Wellington (pref.) .. — 6 7 0 BREWERIES— C. L. Innen (pref.).. 1 0 0 N.Z. Breweries . . . . 2 5 6 0 0 J. Staples and Co. — 1 IS 0 IVl I SCE LLANEO U S— Auck. Amuse. Park. 0 11 3 0 10 A. J. En trican u 19 0 Bycroft, Ltd Checker Taxicab .. 0 18 Ditto (con.) .. .. 0 7 6 Colonial Sugar .. .. 0 Dental & Medical.. 0 16 0 Dominion Pictures.. 1 0 0 Ditto (pref.) .. .. 1 0 0 Gear Meat 1 15 6 Grey and Menzies.. 0 12 6 0 9 Hamilton Theatres. 0 18 9 Hill and Plummer .. 1 2 6 1 1 9 H.M. Arcade (pref.) 1 0 0 Kempthorne Prosser 5 0 Milne and Choyce 1 4 6 Ditto (pref.) .. .. 1 4 6 Ditto (B pref.) .. 1 4 6 Ditto (deb. stock) 1 4 6 1 3 6 Murchison Oil (20s paid) 1 1 0 — X.Z. Farmers' Fert. 4 1 0 N.Z. Paper Mills . . 0 17 0 X.Z. Refrigerating . 0 14 6 Ditto (con.) .. .. 0 6 10 Phillipps and Impey 3. 14 0 Robinson Ice Cream 1 1 0 Sanford Ltd 1 1 9 Ditto (pref.) .. .. 1 1 Taranaki Oil 0 8 6 Thames Theatre Co. J ft 0 0 15 0 Tonson. Garlick 0 12 6 Union Oil. Soap and Candle 0 0 Whittome Stevenson . . 2 0 Wilsons Cement — 1 14 0 MINING— - Alburnia 0 4 0 0 3 9 Moanataiari (paid) . 0 3 0 ft 8 Ditto (con.) .. .. 0 1 10 0 1 4 Empire Reefs (con.) 0 0 8 Golden Age (con.) .. 0 ft Kawarau 4) 1 1 0 0 11 Komata Reefs .. .. 0 0 3 Kuranui 0 0 Lucky Shot (2s pd.) 0 2 Ditto (con.) .. .. ft 2 ft Maoriland (con.) .. 0 1 b Majestic ft ft 6 0 0 Mt. Melcome (pd.) .. 0 0 New Waiotahl (4* paid) 0 0 11 Ditto (con.) . . . . 0 0 10 0 0 8 Ore iden taJ -Una ft 0 8 0 0 5 Waihi 0 19 9 0 19 6 Waihi Grand June. 0 1 S 0 1 5 AUSTRALIAN— Mount Lyell 1 8 3 — 1 MOHKNTU RES— Auckland Gas, 1028, 6& — 99 0 0 Auck Harbour Bet, * 85 0 0 Ditto. 53 p.c 102 0 0 Ditto, 6 per cent. 102 0 0 City of Auckland 1937, 5i p.c 96 10 0 Auck. E. Power Bd. 99 0 0 98 0 0 Auck. Hos. Bd., 6i 98 0 0 Bor. of Gisborne, 5J 96 0 ft N.Z. Breweries 1 4 0 1 6 Glaxo .. 88 10 0 • ;< >v ERNM ENT BONDS— War Loan, 1930. 97 10 0 Ditto, 193S, 4i p.c. 97 ft 0 Ditto, 1941, 4i p.c. 96 0 Ditto, 1933, p.e. too 15 0 Ditto, 1936, 5i p.c. 101 10 0 101 0 0 INSCRIBED STJOCK War Loan. 1929. 5 98 10 0 Ditto, 1927-41, 5J — 98 7 6 Ditto, 1936, p.c. 101 10 0 —