Markets and Money

Sun (Auckland), Volume I, Issue 165, 3 October 1927, Page 12

Markets and Money

A Review for Business Men

ON THE ’CHANGE A QUIET MORNING OHINEMURIS IMPROVE One of the quietest mornings experienced for many weeks was recorded on j Change to-dav. No sales were put : through at either call, and only two { were reported. j Mining is erratic, but receiving tte ! most attention. Occidentals are in- : dined to firm. Waihis are steady, with j a sale reported at 22s 6d, and more j available at that figure. Ohinemuris j are prodding interest, improving to j see buyers in at 5s 2d, and sellers ask- ! ing 6s. j In coals a good tone prevails. Waipas | are firm, with buyers hardened to las. | Other sections, particularly Government and local body securities, are quiet, and inactive. SALES REGISTERED At this morning's ten o’clock call: Reported—Auckland Gas (eon.>, 17s At to-day’s mid-day call: Report,-d —Waihi, 22s (id. MID-DAY QUOTATIONS Closing quotations at to-day’s mid-

LONDON MARKETS FROZEN MEAT prices ; By Cable. — F'rcsa A isociatl** I s-keep: Argentine. heaw, i Lambs: Canterbury, light. i ium. 9£d. heavy. s;d; second* •selected*, light. 9Jd: medium • Island firsts, light. 9 id: mVdiui S' 1 ! seconds. 9|d. u * -t4; Chilled Beef: Argentine, fore«« .a ! hinds. 6£d. Others unchanged ’ j COTTON. RUBBER. HEMP, g Tc I (Last week s prices in | Cotton: November deiiverv (10.65 d. October) per lb. Rubber: Para. 14d (Hid) per lb- ni, ; tation and smoked. 16j<! (I8d). ’ p ' ar ‘* ' Jute: October-November *hin-r«w i £3O 17s 6d (£3l 17s *l, Sept err.ber-Or* 8 * ' ber) per ton. Hemp: August-Octc-ber shipments. J ( £35) per ton. Copra: October-Nc vein her shin—*• ; £26 (£26, September-October', w n!* Linseed Oil: £3<» 10s (£3l u> s , ?t?r Turpentine: 37s 3d (38s 3d per cict," AUSTRALIAN MOTOR TARIFF CANADA PUZZLED i By Ccl.e. — Pi ts* d«oelation.—Co,;.,,:; OTTAWA, Saturn.,. f Officials of the Government Trtj* Commerce and Finance l>epj».rt.raem; : they are frankly muzzled by the char»*t iin the Australia! tariff on Most of the officials incline to the v** ! that the action of Australia, indicates * ( reprisal after her 18 months’ ; ful effort to get Canada's ar.ti-dum^n. I duty on Australian butter rpscioSi i Others think Australia is endeavocrinj to throw the motor market iato Bntis. hands. The officials say there is no j of rescinding the dumbing duty, altboop, j the tariff changes rob the treaty of m** I of its value. | A message from savs | increases in the Australian tariff oc American cars and parts will have lift* effect c-n the country's export trade, k the opinion of the trad* observers of tb Department of Commerce. As the Camdian branches of the American motor-cg industry are well established, it is no: likelv that the general effect of tv c hange will be felt in the States.—A ate X.Z. MINING NEWS ALBURN I A.—The manager wired at« on Saturday:—“At a point 424 ft in t bt western crosscut we have intersected a well-defined body of ore lain wide, carrying splendid mineral encased in good country rock.” GOLDEN AGE. —The manager reports: “The drive- on the main reef has been advanced a distance of 10 feet for tbt week, making a total distance of lMft The reef still maintains its width and a heavily mineralised. NEW WAIOTAHI- —Tne manager reports: “The drive hill ward from tl» Waiotahi-Cambria reef haa been adTnnc« Bft for the week. The country cuetinues to t e a hard grey andesite mi strong heads, which make it fairly food shotting. This bar is considerably wifar than was expected, and so far there an sign of being through. LUCKY SHOT.—The manager report for the week ended October 1: ‘The body of stone referred to in my last report has proved to be the main reef. T» dropper did not junction with the bus reef as anticipated. Apparently it j making another loop, and looks as r. is going to run along the footwau am main reef. It still continues tt gold. The country on the dropper ms become very heavy ar.d will requite traber for the full distance. When ehwtffir out for timber we saw strong gold a several places along the back of m drive. When the timber has been can* pleted we intend to bring along a «dnt stope over thes back of the Iriv*. also to sink a winze on the Junraffl where the dropper left the main we At this point we obtained some JrtcW stone on floor of level. The wins* totween No. 2 Find No. 3 reefs has •** sunk a distance of 6ft. for the week. D to the time of reporting, no quarts bu been broken down.’’ MO AN AT AIAR I. The drive Mward on the reef from No. 1 wins* to? been extended Bft., a total of 48ft. Tw foot wall portion of the reef average* «?• 6in. wide, and still carries nice miwnj and silica. The other portion of the nc taken out in drive is a split into strtafers. There is still a portion of the r* left in the hanging wall. The drive sm* ward on reef from No. 1 winze has extended sft., a total of 39ft. The ree up to the break averaged 2ft. wide, was solid quartz. Colours of gold *** seen in the ore broken. From the bretf the reef pinched up to one foot wide, l«t is making again. The drive seaward to Caledonia reef has been extended Sft- * total of 29ft. The hanging wall portito for 2ft. wide is making more qutffr carrying nice mineral. The other portto of the reef Is still very mixed with pog

day call were: — Sellers. cuyei». BANKS— £ m. d. £ 8. d. Bank of Australasia — 14 s 0 Com. of Aust 1 • National of X.Z. .. Nat. of Australasia (con.) New South Wales 43 10 New Zealand . . .. IS 0 - 1 9 iMtto (ios pa.) .. - " 16 Ditto (20s pd.) .. — Union of Aust 15 6 INSURANCE— National — 3 16 0 New Zealand .. 1 19 1 s South British .. -. 2 IS 0 LOAN AND AGENCY — Farmers* Co-op. A (pref.) 6 Ditto B (pref.) .. National Mort. &, Agency 6 N.Z. & River Flate N.Z. Loan Merc. Ditto (pref.) .. .. — COAL— Renown (con. ) .. .. — 0 7 0 Hikurang-i Ditto (pref.) .. .. 6 6 Ditto (A pref.) . - 0 3 Pukemiro Taupiri Ditto (pref.) .. .. Waipa 0 16 6 0 16 GAS— Auckland .. 1 3 0 1 2 10 Ditto (con.) .. .. 0 17 3 0 16 Birkenhead and Northcote 0 16 — SHIPPING— Devonport Steam . - 1 4 0 — Huddart-Parker o 6 Northern Swam 0 15 Ditto (con.) .. .. e 7 0 6 10 P. and O. (Deferred Stock) 278 0 0 265 Union Steam (pref.) — 19 11 timber— Kauri Timber .. . • 1 5 0 1 4 3 National 0 13 0 Parker-Lamb .. 1 0 Taupo Totara •• .. 0 16 6 — BRBWEKIBil— C. L. Innes (pref.) . 1 0 0 — N.Z. Breweries b 0 — Staples and Co 1 19 0 1 16 Crown 0 14 6 — MISCELLANEOUS— Auck. Amuss. Park 0 17 6 0 16 10 British Tobacco 2 0 Burns, Philp & Co. 1 17 0 Bycroft, Ltd 1 10 6 1 9 0 Checker Taxicab .. 0 19 0 Colonial Sugar (Aus.) 53 0 0 52 5 0 Dental and Medical 0 14 9 Dom. Pictures 1 1 0 Ditto, (pref.) 1 0 0 Donaghy’s Rope and Twine Co. .. 1 15 6 1 13 0 Electro. Zinc Cord.) 1 9 0 Grey and M&nzies . 0 12 0 X~ Hamilton Theatres . 0 18 0 Hill and Plummer .. 1 1 6 H.M. Arcade: (pref.) 1 0 0 Le wis R. Eady & Son, (7 p.c. B pref.) .. 1 1 0 Milne and Choyce .. 1 4 0 Ditto (pref.) .. .. 1 4 0 Ditto (B pref.) .. 1 4 0 Ditto (deb stk.) . 1 3 6 National Pictures . 0 16 0 0 12 0 N.Z. Farmers" Fertiliser Co s 15 0 8 0 N.Z. Paper Mills .. • 17 0 0 15 0 N.Z. Refrigerating (con.) 0 7 6 Northern Boot and Shoe 0 18 0 Robinson Ice Cream 1 3 0 Sanford Ltd. (pref.) 1 1 0 1 0 3 Taranaki Oilfields .. 0 8 0 0 6 Tonson Garlick .. .. 0 11 3 0 ]• € Union oil 2 2 0 Wairakei. Ltd. .. .. 0 8 0 Wilsons Cement 1 16 6 1 16 0 MINING— Albumia 0 3 0 0 2 9 Ballarat (con.) .. .. 0 0 3 Moanataiari 0 2 10 0 2 0 Empire Reefs (paid) 0 0 8 — Golden Age (con.) . 0 0 2 — Kawarau 0 1 0 Komata Reefs .. .. 9 0 3 Kuranui 0 0 6 Lucky Shot (2s pd.) 0 0 0 1 1 Ditto (con.) .. .. 0 1 9 0 1 1 Majestic 0 0 4 0 0 1 New Walotahl (4a paid) 0 0 10 0 0 11 0 0 8 Occidental Una (2s paid) 0 1 1 Ditto (con.) .. .. 0 1 2 0 1 1 Ohinemuri 0 6 0 0 5 Waihi 1 2 « 1 3 Waihl Grand Jume. 0 1 6 0 1 2 AUSTRALIAN— Mount Lye 11 .. .. 1 7 0 1 5 3 DEBENTURES— Auckland Gas, 192§. 6i P.c 101 0 0 99 0 0 Auckland Harbour « P.C 101 10 0 Bor. of Mt. Albert, 6 103 10 0 101 10 0 Bor. of Rotorua, 6 101 0 0 N.Z. Breweries, Ltd. 1 3 8 1 3 0 Glaxo .. — 89 0 0 GOVERNMENT BONDS— War Loan, 1933, 5) per cer t — ion 10 0 Ditto., 1S36, 5, .. — 100 10 0 INSCRIBED STOCKWar Loan, 1938, 4} . 96 10 0 Ditto., 1927-41, 5i . 99 0 0 Ditto., 1933, 5£ . 100 15 0 Ditto., 1936, 5i 100 15 0