ON THE ’CHANGE

Sun (Auckland), Volume I, Issue 128, 20 August 1927, Page 12

ON THE ’CHANGE

GOOD TONE PREVAILS MINING WEAK Though the aggregate reported turnover is not great, a healthy tone continues to be registered on the ’Change. Bank, insurance and coal shares are in best demand, and firm buyers are in for most parcels. In coals, Hikurangi ordinary have firmed to see a reported sale at 3s 3d. Sellers now ask 3s 6d. The shipping section is quiet and generally idle. Buyers of Northern Steam have improved to 14s. In timbers. Kauris are sought at 25s 6d, with sellers asking 265. Buyers of Leyland-O’Brien have improved to 35s without drawing a seller. Taupo Totara sellers have made an appearance at 18s. Mining is weak, and though one or two minor companies are receiving attention there is little life in the market. Gilt-edged securities receive scant attention, and one or two classes of bonds and debentures tend to weaken. SALES REGISTERED At yesterday afternoon’s call: —On ’Change: N.2. War Loan, 1930, 4£ per cent., £97 10s. Reported: Union Bank, £ls. This morning’s —Reported: Bank of N w ZeaEand, £2 18s 3d; Bank of New South Wales, £45 15s; Hikurangi Collieries (ord.), 3s 3d; Milne and Choyce (deb. stock), £1 3s 6d; Xew Waiotahi (con.), 9d; Occidental Una (con.), 7d. TO-DAY’S QUOTATIONS To-day’s closing quotations were as

fallow: — Sellers. Buyers. RANKS— £ s. d. £. s. d. Com. Bank of Aust. i 7 9 1 Ditto (pref.) .. .. 7 0 0 Nat. Bank of N.Z. 6 16 ft New South VV'ales . 45 ft ft 44 12 6 New Zealand 2 IS 3 2 18 ft Ditto (10s paid) . 0 16 ft Ditto (20s paid) 1 6 0 Union of Australia 15 2 6 14 19 0 INSURANCE— National — 3 lfl 6 New Zealand .. — 2 0 ft South British .. .. — 2 17 6 LOAN AND AGENCY— Farmers’ Co-op. Auctioneering- — 2 13 ft Ditto A (pref.) .. ft IS ft 0 16 0 Ditto K (pref.) ft 15 4 Newton King (pref.) 0 14 0 N.Z. and River Plate 1 6 ft N.Z. Guarantee Cor. ft 9 ft N.Z. Doan Merc. 92 ft ft Ditto (pref.) .. .. — SO 0 0 COAL— Renown (con.) .. .. 0 6 6 * Iltkurangi 0 3 6 ft 3 ft Ditto (pref.) .. .. ft 6 9 Ditto A (pref.) .. 0 6 9 ft 5 6 Pukemiro 3 0 0 Taupiri 1 5 ft Ditto (pref.) .. .. 1 4 0 1 3 6 Waipa — 0 14 11 GAS— Auckland 1 2 S 1 2 4 Ditto (con.) .. .. 0 17 0 0 16 9 Birkenhead & Northcote .. 0 17 0 — SHIPPING— Devonport Steam .. 1 4 0 JIuddart-Parker 7 9 — Northern Steam 0 14 3 ft 14 0 Ditto (con.) . . . . 0 6 6 Union Steam (prof.) 1 0 3 — TIMBER— Kauri Timber .. . . • 1 6 0 1 5 6 Leyland-O’Brien 1 15 ft National .. .. .. .. 0 12 0 Taupo Totara .. .. 0 18 0 — WOOLLEN— Kaiapoi .. 0 10 6 — BREWERIES— O. L. Innes (pref.) I 0 ft N.Z. Breweries .. .. 2 2 6 2 1 0 MISCELLANEOUS— Auck. Amuse. Park 0 14 3 0 13 0 A. J. Entrican & Co 0 19 0 Bycroft, Ltd. 1 10 0 Dental and Medical 0 16 0 Dominion Picture* .. 1 0 0 Ditto (pref.) .. .. 1 0 0 Grey and Menales .. 0 12 6 0 9 6 Hamilton Theatres . 0 IS 9 1 6 1 1 9 H.M. Arcade (pref.) 1 0 0 Milne and Choyce .. 1 4 0 Ditto (pref.) .. .. Ditto (B pref.) .. 1 4 Ditto (deb. stk.) . . N.Z. Paper Mills .. 0 17 0 N.Z. Ref rig. (con.) 0 7 Phillipps and Impey 1 Ditto (pref.) .. .. 1 1 6 Taranaki Oil . . .. Thames Theatre .. Tonson Garlick . . . . 0 32 — Whittome Stevenson 2 Wilsons Cement . . — MINING— Alburnla 0 3 8 0 3 4 Moanataiari Ditto (paid) . . . . ft 1 Empire Reefs (con.) 0 Golden Age (con.) . 5 Kawarau Komata Reefs .. .. 0 0 Lucky Shot (2s pd) ft 2 5 Ditto (con.) .. .. 0 Maoriland (con.) 1 5 Majestic 0 0 New Waiotahl (4s Ditto, (con.) .. .. 0 0 9i Occidental-Una (con.) SI Waihi 0 19 6 Waihl Grand June. . — AUSTRALIAN— Mount Lyell .. .. 1 S 3 — DEBENTURES— 5 94 0 ft 9ft 0 0 Ditto. 1928, 6i 101 0 0 99 0 Auckland Harbour 85 Ditto, 5J p.c. 101 10 0 100 0 0 Ditto, 6 p.c 102 Borough of Devonport. 6 p.c 1 Glaxo — 88 10 0 GOVT. BONDS — Govt. War Loan, 193 s, -— 96 0 Ditto., 1939, 4i — 96 INSCRIBED STOCK— War Loan. 1929, 5 .. 99 0 0 98 10 ft Ditto, 1927-41, 51 . . 98 0 Ditto, 1933. 5J p.c. 101 0 Ditto, 1936, 51 .. 101 5 —