ON THE 'CHANGE

Sun (Auckland), Volume 1, Issue 112, 2 August 1927, Page 2

ON THE 'CHANGE

MARKET GENERALLY IDLE COALS IN GOOD TONE Coals provide practically the only ray of brightness to the ’Change. Business is most depressed, and the speculative element is almost absent. Hikurangis were recorded yesterday afternoon at 6s 6d, and the market for this scrip continues firm. Pukemiros have improved to see buyers offering £3. Gas are also in good tone, though there is little tendency to meet sellers’ ideas of value. Mining is particularly depressed and inactive. Even for Waihis this morning there was a difference of Is between buyers and sellers. Bonds and debentures are also quiet, and fewer quotations are recorded. SALES REGISTERED At yesterday afternoon’s call: On the ’Change.—National Bank of New Zealand. £6 15s; Bank of New Zealand, £2 18s 6d; Hikurangi Coal (pref.), 6s 6d. At to-day’s mid-day call: Reported. —Wilson’s Cement, £ 1 4s 6d. New Zealand Inscribed Stock, 1933, 55 per cent.. £lOl. MID-DAY QUOTATIONS Closing quotations at to-day’s midday call were: Sellers Buyers

SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association. Wellington.—Westport Stockton Coal (pref.), 2s lOd. Christchurch. —Commercial Bank of Australia, 295; _ National Bank of New Zealand, £6 15s; New Zealand Drug Company, 64s 6d; Ivawarau, Is; Bank of New South Wales, £44 15s; Ban,, of New Zealand, 58s Sd (two); Goldsbrough, Mort (rights), 9s (two); Kaiapoi Woollens (pi'ef.), 14s 6d; New Zealand Refrigerating (con., cum div.), 7s, 6s lid, 6s lOd; New Zealand Breweries, 43s 6d; New Zealand Guarantee Corporation, 9s Id. Dunedin. —Union Bank, £ls 2s, £ls 3s; Upper Nevis, 23s 9d; Westport Coal, 33s fid; New Zealand Drugs (old issue), 64s 6d. MINING NEWS MAORI LAND. —The manager reports: The crosscut east has been advanced six feet during the week, making the total distance to date 68 feet. There is no change in the nature of the ground since my last report.

BANKS— £ s. d. £ s. d. Comm. Bank of Aus. 1 9 6 — Ditto, (pref.) 0 — National Bank N.Z. 6 17 0 — New South Wales 45 5 0 44 0 0 New Zealand . . 18 9 18 6 Ditto (10s paid) . — 0 16 0 Ditto (20s paid) .. — Union of Australia — 15 INSURANCE— 3 16 0 New Zealand . . — 1 19 South British . . . . 2 17 6 2 16 3 LOAN AND AGENCY — Farmers’ Co-op. Auc B (pref.), (ex div.) 0 15 6 Goldsborough, Mort, (rights) 0 9 3 0 S 9 Newton King (pref) 0 14 l 8 0 1 6 0 N.Z. Guar. Corp. 0 8 10 91 10 0 Ditto, (pref.) .. .. 85 0 0 80 0 0 COAL — Renown (con.) .. .. 0 6 9 0 8 0 Hikurangi 0 1 4 Ditto (pref.) 0 6 9 6 Ditto (A pref.) .. 0 5 9 0 o 3 Pukemiro Collieries . Tauniri 1 4 3 Ditto (pref.) .. .. — 1 3 6 GAS— 1 3 6 1 2 9 Ditto (con.) .. .. 0 17 6 0 17 0 Birkenhead-Northcot© 0 17 0 Gisborne 0 11 0 — SHIPPING— Devonport Steam .. 1 5 0 — Hu ddart-Parker Northern Steam 0 14 6 0 14 Ditto (con.) .. .. u 6 10 0 6 6 TIMBER— 1 0 0 1 4 0 1 2 6 National •— 0 11 9 Parker-Lamb .. . • 1 2 6 — WOOLLEN— Wellington (pref.) . — 6 7 0 BREWERIES— C. L. inn©* (praf.).. 1 0 0 — N.Z. Brewerfes 2 b 2 MISCELLANEOUS— Auck. Amuse. Park 0 11 0 0 10 7 A. J. Entrican •0 19 0 Bycroft, Ltd Checker Taxicab . . Ditto (con.) 0 Colonial Sugar .. .. Dental & Medical.. 0 16 Dominion Picture©.. Ditto (pref. ) . . . . 0 Gear Meat Co Grey and Menzies.. 0 12 6 6 Hill and Plummer . . 1 2 H.M Arcade (pref.) Kempthorne Prosser 3 O Milne and Choyce Ditto (pref.) . .. 4 Ditto (B pref.) .. 4 Ditto (deb. stock) 1 3 Murchison Oil (20s paid) 1 1 0 — N.Z. Farmers' Fert. N.Z. Paper Mills .. 0 17 0 N.Z. Refrigerating (con.) 0 Phillipps and Impey Robinson Ice Cream Sanford, Ltd 1 1 o Ditto (pref.) . - • • 1 Taranaki Oil Fields 0 8 6 Thames Theatre Tonson Garlick 0 12 6 Union Oil. Soap and Candle Wilsons Cement . . . 1 MINING — Alburn ia 0 4 2 0 10 Moanataiari (paid) . 0 3 0 0 8 Ditto (new issue) 0 1 Empire Reefs (con.) 0 0 8 Kawarau 0 Komata Reefs . . . . 0 0 3 Lucky Shot (2s pd.) 0 Ditto (con.) - . - . Maoriland (con.) . . 0 1 Majestic 0 0 6 Mt. Welcome (naid) New Waiotahi (4a paid) Ditto (con.) .. .. 0 Nonpareil (con.) 0 N.Z. Crown < ic«*iden ta.1 - Una (con.) 0 —- 1 Waihi Grand June. — AUSTRALIAN— Mount Lyell . . - . 1 S 3 1 7 3 . : I-.N'I 1 KBSAuck. Gas, 1928, 61 100 0 99 0 0 Auck Harbour Bg. 4 85 0 0 Ditto. 52 p.c 102 0 0 Ditto, 6 per cent. — Bor. Devonport, 6 p.c. — 100 0 0 1 4 Glaxo 88 10 0 GOVERNMENT BONDS— War Loan, 19 SO, 4i — 97 10 0 Ditto, 1938, 4£ p.c. 97 0 0 Ditto, 1933, p.c. 101 0 0 Ditto, 1936, 5 h p.c. — 101 0 0 INSCRIBED SIOCK War Loan, 1938, 4i 97 0 0 — Ditto, 1927-41, 5i 99 10 0 98 10 0 Ditto, 1933, 51 p.c. 101 0 101 0 0 Ditto, 1936, 51 p.c. 101 10 0 101 0 0