Markets and Money

Sun (Auckland), Volume I, Issue 147, 12 September 1927, Page 2

Markets and Money

•n A Review for Business Men w

f; ON THE ’CHANGE >- BUSINESS QUIET - OCCIDENTALS WEAKEN d - Business in most sections on the n i ’Change this morning was quiet. Banks continue in good tone, though e New South Wales are depressed. ~ Coals are idle, though Waipas and d Taupiris are firm. I' Mining remains sensitive. Lucky e Shot are steady. Occidentals have weakened on Saturday’s market and t sales were put through at Is 3d and Is e 6d. Other sections are quiet with quo- _ tations generally unaltered. a SALES REGISTERED a. At this morning’s 10 o’clock call. — - On ’Change: Lucky Shot (con.), 2s 3d. s Reported: Occidental-Una (con.). Is e 7d; N.Z. Inscribed Stock. 1938, 4 h per ~ cent., £96 7s 6d. ® At to-day’s mid-day call. —Reported: ~ National Insurance, 76s 6d; Lucky Shot (con.), 2s 3d: Occidentfil-Una, Is 6d - and Is sd. MID-DAY QUOTATIONS Closing quotations at to-day’s midday call were; Sellers.. Buyers.

j DEMAND FOR BUTTeT markets reviewed many forward sales I Ser te ss.wsr.tSJfa’sss'?«>• fir j Turnbull and Companv. A. the basis of Is id, fr- b tcl „72 o P*n*i r , have gradually tirme'd "to l s ligure British buyers are rt Jr'i, At tt,-! i "''‘tbdrawii in the mean tin-e but tS ilv ‘ stiU business tv be done w n. K, 1 U>e* 1, “P to and including- Janta-r 0^ 4 *- *••• Bujers are somewhai nervou VK to purchase for JanuaJ'-y I^’k T hen aake but this has be »n a not ice ' dairy produce dnee 1914 buv te become more cautious an,i ~5 rs ., speculate so far ahead as forSS2?““* S Reporting on o >rrpn»- Y. ~r IJ• Weddell and Companv r nnS^ I^ ollß TV that, the market is firm atvi * the opinion tha it will cSntinu-t ““ « further advance in ' alues for si.! 0 ’ ana early arrive Is. The dXi-X* **t«b further strengthened 1 «« prevaihng both in the *• sto T cks re for «1T tralla and Canada. With the lo prospects, dual plant factories s prts «. more to consider the nf j 1 lav « :m----butter or cheese win pa y b “f **•&» moment butter appears Tf. At a» able light, so far as„,“ L l *"* *n«w! cerned. " c futut e i, alri made at S 5-Sd. but, general >*«. on the basis of SStl r«h S off ' r » ar , cember make is imludw. *7 a tempting offer, but S nriL“2 K, % continue to advance it kf? 0( t'««tu expect cheese a so to shni. ? ailo,, »bl-; t« LXJY ' :olls ignng house v l^.! !! o l* ai ‘ creward. London -trices after i.K' 4 r ® a l ) It. weakness in the mlddto”"^.^*®* wrth ,P a A ' a fif,n Ir m en ’ ent leave northern stock value Keen competition -was met . & ne ias°t r hamrnev fferin£ chan^d S& { lows:'— er ' Vakel;n report values u ,< IK lifter £2 15s UP t 0 £i ,s; 2 -yar-old hSSSI ana c^ fer da^ re "*• •* to profit made up to £9 heifera £7; Y 10s, others from £4 to £5 £1 beSTS hC'S2ts d r‘^e a l!?f| id; shorn hoggets! 14s 54 to ri w. l * bers^Prtces^,^ 6 ' 5 in JL LONDON MARKET? frozen-meat prices By Cable. Press Association. — Copyrigk. c , LONDON, Saturday. Sheep. Argentine, medium 5d Lambs.—Canterbury, medium, S 3-Ed; 8 5-Sd S ' S ' d ’ North Is!a hd. seccndi, B ® ef — Ar S en tine, fores, Sin; hinds, b 1-Sd. Others, unchanged. COTTON, RU3BER, HEMP, ETC. ’.'■often.— October delivery l * aw (lr 91d) a lh. Rubber— Para, lod (15id> a It plantation and smoked. 16 3-8 d (16 s-id). J ute.—September-October shirments ■fc o 1 10s (£ 36 10s) a ton. Hemp. August-Octobcr shipment* £ 3o (£35) a tori. Copra. Sep: ember-October shipments. £26 (£ls 10s) a ton. Linseed Oil.— £32 5s (£3l 15s) a ion. Turpentine.—3 9s 3d (40s 6d) a etrt. —A. and N.Z. LONDON MEAT PRICES OFFICIAL QUOTATIONS Under date September 9 the London office of the New Zealand Meat Producers' Board in London cabled the following list of SmithSeld delivered prices:— New Zealand Weathers and Maidant.** Canterbury quality, selected brands, Sdlb and under. 6Jd a lb.; 571 b. to *411)., » ?- 8d; 651 b. to 721 b , 5 3-Bd. Other bras*. J 6lb - a v nd under, 6d: 571 b. to 641 b., a|d; HIE to 7-Ib, s}d; New Zealand ewes, 641 b. «»l under, 4|d. New Zealand Lambs.—Canterbury quElity. 361 b. and under. 9Jd 37fb to 41b., S 3-Sd; 431 b. to 5 »lb.. Bid; seconds, *ld. Selected brands, 301 b. and und<jr, fd; Tib to 421 b. Sid. Other brands: First qusßty. >6lo. and under, S 5-8 d; 37P). to 4J3K, S 5~ Bd*' second c l ualit 3 r > -321 b., averai^ Argentine Lambs. —Firs?: quality, Wlb. and under, Sd; 371 b. to 421 b., 7ld. Argentine Chilled Beef. —Ox fores, Ijd hinds, 6 l-Bd. Argentine Frozen Beef.—Ox fores* W l * hinds, 6d. Frozen Perk.—SOlb. to 1101 b., BJd| to ISOlb., 7Jd. Lamb Market.—Very firm. Mutton Market.—Strong. Good sp«r> ativs inquirj', especially if»r ewes. Beef.—Good inquiry, but stocks «i< Light. Frozen Pork.—JiClb. to 12)1b., HUM** steady; 1201 b. to 1801 b., owing to try improvement of the bacon marker prices have advanced. The London Market.—Messrs. AET. Turnbull and Company I **** •eceivetl the following cable from tbei' principals, Messrs. W. Weddel and Co. Ltd., dated London, 9th in;;t:—Daals* nutter, 186 s to 1925; New Z«;aland to* salted butter, 180 s to 384 s New Zealand malted butter. 176 sto 180 s. Market nrtr>7ew Zealand cheese, white and coloured* i7s to 995. Market firm. Cunaemn heese, white and <‘oloured^9to^t^^^^^

Christchurch.—Sales reported: Bank of New Zealand, 58s 2d; South British In--fiance, 58s 3d; Goldsbrough, Mort, 44s - British Tobacco, 54s 3d. Sales on . Change: South British Insuranc-, 58s 3d; Goldsbrough, Mort. (new) 41s 9d; 1 British Tobacco, 54s 3d (two parcels). 1

BANKS— £ s. d. £ s. d. Bank of Australa — 14 12 0 Com. Bank of Aus. 1 8 3 17 Ditto, (pref.) English, Scottish 6 19 and 9 6 15 C Australian .. . 7 16 0 7 11 0 National of N.Z. 7 0 0 6 15 9 Nat. of Australasia 17 3 6 — New South Wales 43 15 New Zealand . 2 IS 3 2 7 9 Ditto (10s paid) . . n 16 0 Ditto (20s pd.) 1 6 0 Union of Aus. . INSURANCE— 15 2 0 14 18 0 New Zealand 2 0 0 1 19 3 South British . 2 IS 3 2 18 0 Standard — DOAN AND AGENCY— Abraham, and Williams 3 0 0 (pref.) .. . Farmers’ Co-op 4 6 0 — Auct 2 14 0 Ditto (A pref) 0 IS 0 0 16 0 Ditto. B (pref.) . . 0 15 3 0 14 Newton King (pref.) 0 13 6 0 12 0 N.Z. and River Plate 1 S 0 16 9 N.Z. Guar. Corp 0 9 0 N.Z. Loan and Merc. 93 0 0 Ditto (pref.) .. .. N. Auck. Farmers’ SO 0 0 Co-op. B (pref.) .. COAL— — 0 5 6 Renown (con.) 0 6 3 Hikurangi . . . 0 3 6 0 3 0 Ditto (pref.) . 0 7 9 — Ditto. A (pref.) . . 0 6 6 — Taupiri .. 1 5 3 15 0 Ditto (pref.) . 1 3 Waipa GAS— 0 16 6 0 15 6 Auckland .. . . 1 3 o o Ditto, (com) .. Birkenhead and 0 17 0 0 16 9 Northcote .. . 0 Ditto (pref.) . | SHIPPING— 1 0 0 — i Devonport Steam 1 4 3 — j Huddart-Parker 2 7 Northern Steam 0 14 Ditto (con.) .. .. P. and O. (deferred 0 7 3 0 6 10 stock) 2S0 0 0 — Onion Steam (pref.) TIMBER— — 0 19 10 Kauri Timber . . 1 5 3 14 National 6 Parker-Lamb 1 2 Taupo Totara .. WOOLLEN— 0 17 0 — ■Wellington (pref.) .. brp:weries— 6 4 0 — C. L. runes (pref.).. 1 0 0 MISCELLANEOUS— 2 5 0 2 3 0 Auck. Amuse. Park 0 17 Ditto, (pfref) . . 0 IS British Tobacco 2 15 Bycroft, Ltd. . . Checker Taxicab 0 Col. Sugar (Aus.) 53 0 0 — Gear Meat . . . . Hamilton Pictures . 0 18 0 Hill and Plummer .. 1 2 HAL. Arcade (pref.) I 0 0 MIIr«e and Choyc 1 4 Ditto (nref.) Ditto (B pref.). Ditto (Deb. Stk.) Murchison Oil Co. 1 4 3 13 3 (20s paid) 1 0 0 — National Pictures N.Z. Farmers Fert. 4 0 0 3 10 N.Z, Paper Mills 0 17 Northern Boot . . Phillipps and Impey Robinson Ice Cream Sanford, Ltd. .. 1 1 9 — Ditto (pref.) . 1 1 9 — Taranaki Oil Fields 0 9 Thames Theatre Tonson Garlick 0 11 Whittome Stevenson Wilsons Cement MINING— 1 16 6 7. 15 6 Alburn ia 0 3 10 Ballarat (con.) .. 0 o Moanataiari (pd.) Ditto (con.) .. 0 1 ii Empire Reefs (con.) 0 0 Golden Age (con.).. 0 0 Kawarau Komata Reefs . . Kuranui n o •» Lucky Shot (2s pd.) 0 2 •> Ditto( con.) .. 0 2 3 ( 2 Maoriland (con.) .. 0 1 paid) f 0 Ditto (con.) .. .. Occidental Una United 0 1 0 CO 9J (con.) 0 1 6 Cl Waihi 1 1 Waihi Grand June. DEBENTURES— Auckland Harbour 0 1 6 0 1 2 Board, 4 p.c. Ditto, 6 p.c. . . City of Aucklan 1. — 102 0 0 1940, 5£ p.c. .. 95 0 Bor of Devonport, 100 0 0 Ditto, 45 p.c. 92 0 0 N.Z. Breweries, Ltd. Glaxo GOVERNMENT BONDS— 89 0 0 War Loan, 1938, 4i Ditto, 1939, 4.1 Ditto, 1933, 5l . . 101 5 0 100 12 Ditto, 1936, 5J .. — INSCRIBED STOCK— 100 12 War Loan. 1938, 4J 96 10 Ditto, 1933, 55 Ditto, 1936, 55 ~ 100 12 6