Markets and Money

Sun (Auckland), Volume I, Issue 169, 7 October 1927, Page 12

Markets and Money

A Review for Business Men

ON THE ’CHANGE PUKEMIROS IN DEMAND TARANAKI OILS WEAK Attention on the ’Change continues directed chiefly to mining. Business generally is dull and most sections are idle. In mining Ohinemuris continue to command attention on a market around 7s 6d and sales are recorded at that figure. Waihis are in good tone, with a tendency, if anywhere, upward. Moanataiaris are weak and idle. Occidentals continue to draw firm buyers at Is. No sellers of these shares came on the ’Change this morn - ing. Miscellaneous shares are dull and in- - Amusement Park continue to record a weakening tendency. Taranaki Oils are neglected with sellers at 7s 6d and no buyers. In coals, Pukemiros continue in good tone and sales are recorded at £$S. SALES REGISTERED Yesterday afternoon’s business. —On ’Change: Ohinemuri, 7s 6d. Reported: N.Z. Bank (lOs paid), 16s lid; Hikurangi Coal Cord.), 3s Id. At this morning’s 10 o’clock call. — Reported: Commercial Bank of Australia, 27s lid; Huddart-Parker, 46s 3d; Kempthorne Prossers, 635. At today’s noon call. —ReporteQ: Pukemiro, 595; Waihi, 22s 6d; Ohinemuri, 7s 6d. MID-DAY QUOTATIONS Closing quotations at to-day’s mid-

-II IN THE MARKET PLACE ORANGES SELL FREELY BANANAS FROM FIJI Fewer varieties of fruit are to be seen on the local markets today. Stone fruit from Australia, however, is expected to make its appearance within the next few weeks. Potatoes, cabbages and lettuces are well supplied and the market for the former is gradually easing with better quality tubers coming forward. The Tofua from Fiji this week brought a shipment of 17,000 cases of bananas. The bulk of this will go into local consumption. The price, ex the ship’s side, for the green fruit was in the vicinity of 21s a case. A small shipment of citrus fruit, ex Sydney, arrived during the week, and met with a ready sale. Mandarins, small, made from ISs to 26s a case; pines, 25s to 335; passions. 25s to 365: Valencia oranges, 24s to 2Ss. Oranges find a ready market. Varieties of both apples and pears are thinning out. Californian grapes are free sellers. Healthy business continues to be recorded in the field and garden produce section with ample supplies of most varieties of vegetables. The poultry sections continue shortsupplied and a strong demand meets firm prices. Prices under the hammer at to-day’s auctions in the city marts ranged as -follows: FRUIT Apples. —Delicious, 7s to 10s 6d a case; Sturmers, 9s 6d to 11s; Granny Smiths, 10s to 12s 6d; Doughertys, 6s 6d to 9s 6d. Pears.-— Nellis and Coles, repacked, 13s to 15s a case; P. Barry, 7s to 9s 6d. Oranges. —lsland, 21s to 22s a case. Lemons. —Local, 6s to 12s a case. Tree Tomatoes. —6s to 10s a case. Fiji Tomatoes. —l4s to 15s a case. Grapes. —Californian, 27s a barrel. Bananas. —Ripe repacks, 22s to 26s a case. VEGETABLES Potatoes. —Southern, 6s 6d to 7s 3d a cwt; new, 2sd to 4d a lb. Kumeras. —Tauranga, 11s to 12s 6d a cwt; Island, 9s 6d to 10s 6d. Pumpkins. —Fiji, 12s 6d to 15s a cwt; Crown and Triamble, 143 to 21s a cwt Swedes. —ls 6d to 2s 3d a bag. Onions. —Californian, :22s €d a crate; Australian, 12s 6d to 14s 6d a cwt. Cabbage. —3s to 8s 6d a sack. Cauliflower. —ss to 11s a sack. POULTRY Ducklings. —ls 6d to Is 9d each. Hen and Chicks. —16s to 24s 9d. Day-old Chicks. —ls 2d to Is lOd. Prime Cockerels.- —8s to 10s; lighter, Gs 6d to 7s 6d; light, 5s tc 6s. Hens. —Heavy, 5s to 6s 6d; lighter, 3s 9d to 4s 9d. Roosters. —3s 6d to 4s 6d. Ducks. —3s 6d to 4s 6d. Young Ducks. —ss 6d to 6s 3d. Muscovy Ducks.— ss to 5s !>d. Muscovy Drakes. —ss Id to 6s 9d. Drakes. —4s to 4s 3d. Young Drakes. —ss to 7s. Gobblers. —17s to 21s. PIGS Weaners. —16s to 22s each. Slips. —2os to 255. Stores. —24s to 30s. Prices for smaller parcelled vegetables are listed in the Kit Bag Column on another page. JERSEY BULLS BRING GOOD MONEY MANAWATU VALUES Press Association. PALMERSTON N., Thursday. At the Manawatu Jersey bull and heifer fair to-day the principals of the Massey Agricultural College purchased two yearling bulls at 37£ guineas and 40 guineas respectively. The top prices were realised by cattle offered by Mr. R. L. Horn, of Ohau, who secured 100 guineas each from a Canterbury purchaser for two yearling heifers. AUSTRALIAN LOAN FROM U.S. TRANSFERENCE TO LONDON By Cable.—Press Association. — CQpyriyht. LONDON, Wednesday. With reference to the recent complaints by bankers in New York regarding the Australian loan flotations in America, and their opinion that a wider field should be sought for the loans, it is understood that an important official opinion on the matter has been forwarded to the Prime Minister of Australia, Mr. Bruce, from London. It is of interest to note that the whole proceeds of the last New' York flotation have now been transferred to London, where it is asked whether the recent estimate that Australia will shortly require a further loan of £18,900,000, foreshadows an early approach either to London or to New York, or to both markets. It is understood that there is no probability of such a loan before November, if then.—A. and N.Z.

day call were: — Sailers. Buyers. BANKS— £ a. d. £ s. d. Bank of Australasia 14 8 0 Com. Bank of Aus. . 1 3 0 1 9 Ditto (pref.) .. .. V 0 0 Eng., Scot, and Aus. 7 11 Nat. of N.Z 6 IS New South Wales.. 43 10 0 43 0 0 New Zealand .. .. 2 18 0 2 17 6 Ditto, Mortg. 15s paid) 0 16 Ditto, Mortg. (20a paid) 1 6 Union of Aus. 14 ID 0 14 27 6 INSURANCE— National — 3 16 6 New Zealand .. .. 1 39 6 1 19 0 South British .. .. 2 17 9 2 1 1 6 LOAN AND AGENCY— Abraham and Williams (pref.) 4 4 0 Farmers* Co-op. A (pref.) 0 18 3 0 IS 6 B (pref.) .. .. 0 14 6 Goldsbrough, Mort . 6 0 9 National Mort. & Agency 5 0 Newton King (pref.) 12 N.Z. and River Plate 1 8 0 7 3 N.Z. Loan Merc. — 93 0 0 Ditto tprer.) .. .. — 80 0 0 COAL— Renown (con.) .. .. 0 7 0 Ditto (paid) .. .. 0 14 0 Hikurangi 0 6 2 0 Ditto (pref.) .. .. 0 7 0 0 6 5 Ditto (A pref.) .. 0 6 0 0 ft 4 Pukemiro 17 6 Taupiri 1 6 0 1 0 Ditto (pref.) ., 1 3 0 W aipa 0 16 6 0*15 9 GAS— Auckland 1 3 0 1 2 8 Ditto (con.) .. .. 0 17 3 0 17 0 Birkenhead-Northcote 0 16 0 — SHIPPING— Devonport Steam . 1 i 0 1 3 0 Huddart-Parker 2 7 0 2 5 9 Northern Steam .. 0 14 6 Ditto (con.) .. .. 0 7 2 0 7 0 P. and O. (Deferred Stock) 275 0 0 — TIMBER— Kauri Timber .. .. 1 5 0 1 4 3 Leyland-O’Brien — 1 14 0 National 0 13 0 Parker-Lamb .. . . 1 0 0 .— Taupo Totara .. .. 0 16 9 — BREWERIES— C. L. Innes (pref.) . 1 0 0 — Staples and Co. .. 2 0 0 1 17 3 MISCELLANEOUS— Auck. Amuse. Park 0 16 0 0 15 6 British Tobacco 17 0 2 16 Bycroft, Ltd 1 10 6 1 9 0 Checker Taxicab .. 0 19 6 Colonial Sugar (Aus.) 53 0 0 52 5 0 Dental and Medical 0 15 0 0 14 10 Dom. Pictures .. .. 1 0 0 Ditto, (pref.) 1 0 0 Donaghy's Rope . and Twine Co. .. 1 15 6 1 13 0 Electro. Zinc (ord.) 1 10 0 1 S 3 Ditto (pref.) .. .. 1 11 •) 5 Grey and Menzies . 0 12 0 Hamilton Theatres . 0 18 0 Kill and Plummer . . . 1 l 6 H.M, Arcade (pref.) 1 0 0 Milne and Choyce . 1 4 0 Ditto (pref.) .. .. 1 4 0 Ditto (B pref.) .. 1 4 0 Ditto (deb. stk.) 1 4 3 1 4 1 Murchison Oil (20s paid) 0 17 6 National Pictures .. 0 16 0 0 0 N.Z. Paper Mills .. 0 17 0 0 15 6 N.Z. Refrigerating (con.) 0 0 0 3 Northern Boot and Shoe 0 IS 0 Robinson Ice Cream 1 3 0 Sanford, Ltd 1 1 3 Ditto (pref.) .. .. 1 0 9 1 0 6 Taranaki Oilfields .. 0 Thames Theatre Co. 1 0 0 Wairakei, Ltd. .. .. 0 8 0 Wilsons Cement .. 1 17 0 1 16 3 MINING— Alburnia 0 3 0 0 2 10 Ballarat (con.) .. .. 0 0 2 Moanataiari (paid) . 0 9 Ditto (con.) .. .. 0 1 0 Empire Reefs (con.) 0 0 6 Golden Age (con.) 0 0 1 Kawarau 0 1 0 Komata Reefs .. .. 0 0 3 Kuranui 0 0 6 Lucky Shot (2s pd.) 0 0 0 1 6 Ditto (con.) .. .. 0 1 9 0 1 Maoriland Consolklated (con.) .. .. 0 1 0 Majestic 0 0 13 New Walotahl (4» paid) 0 0 10 Ditto (con.) 0 0 11 0 0 8 Occidental-Una (2s paid) 0 1 1 Ditto (con.) .. .. 0 1 0 Ohinemuri 0 10 0 7 6 Waihi 1 2 1 4 Waihi Grand June. 0 1 6 0 1 2 AUSTRALIAN— Broken Hill 1 4 0 Broken Hill South . . 1 6 1 IS 0 Mount Lyell 1 6 DEBENTURE*— Auckland Gas, 192S, 6i p.c 101 0 0 99 0 0 Auckland Harbour Board, 4 p.c. 85 0 0 Ditto, 5£ p.c. 98 0 0 Ditto, 6 per cent. 101 10 0 City of Auckland, 1940. 5J per cent 97 fr 0 c Bor. of Devonport 6 per cent 100 0 0 Ditto. 4i per cent. 92 0 0 — Bor. of Rotorua, 6* 101 0 0 N.Z. Breweries 1 3 10 1 3 3 GOVERNMENT BONDS— War Loan. 19*3, 51 100 15 0 Ditto, 1936, 5| .. — 100 15 0 INSCRIBED STOCKWar Loan, 1929, 5 93 0 0 Ditto, 1938, 4| .. 86 10 Ditto, 1939, 4ft . . 96 10 0 Ditto, 1933, 5| 101 0 0 Ditto. 1936. Bi 101 0 0