Markets and Money

Sun (Auckland), Volume I, Issue 170, 8 October 1927, Page 11

Markets and Money

ON THE ’CHANGE MARKET LIFELESS OHINEMURIS IMPROVE Business on the Change continues dull and lifeless. Mining is practically the only section recording any activity. Ohinemuris tinned again this morning to see sales a t is- Waihis are, if anything, slightly weaker. Other mining is idle and weak. In coals, Taupiris are in good tone with buyers firm at 25s 3d for ordinary shares. In miscellaneous, buyers have come in for Taranaki Oils at 6s 9d. Wilsons Cements are firm with buyers at 16s an l sellers asking 17s. The section is lifeless, receiving little attention. The gilt-edged market is in good tone, but mostly idle. SALES REGISTERED Yesterday afternoon: On ’Change. Ohinemuri, 7s 9d. This morning’s business: On 'Change —Mew Zealand Inscribed Stock. 1936. Si percent., £lOl ss. Reported.—Ohinem Liri, 7s 9d and 8s: Bank of New Zealand, 58s. TO-DAY’S QUOTATIONS Closing quotations at to-day’s call were: Sellers. Buyers.

MONEY TO LEND

A Review for Business Men

POTATO HOLDERS MEETING THE MARKET MERCHANTS NOT INTERESTED (Special to THE SUN.) CHRISTCHURCH. Friday. The Government Statistician, was, after all, perfectly right in the first-esti-mate of the potato crop. Canterbury this year held all the potatoes New Zeala.nd could use and more. Merchants recall that last year, even with a heavy export, there were still tubers left at the end of the year to rot in the pits, and they wonder if events will prove sufficiently, contrary to the expressed opinion earlier in the season, to produce the same condition again. Farmers are now getting anxious about the remaining stocks and meeting the market, selling at 60s to 65s on trucks. Few merchants are interested in carrying on October trade. If the North Island demand lasts into November owing to the new crop not being ready, there may be a temporary revival in prices, though this does not seem likely at present.

FEILDING CATTLE VALUES ANNUAL FAIR Press Association FEILDING, Friday. At the Feilding annual cattle fair today about 2,500 head of store cattle were offered. It; was a good sale all through and, with the exception of some pens of three-year steers, practically the whole entry sold under the hammer. Not many pens of forward bullocks were offered, and the pens forward were keenly competed for. the top price being £9 2s, for a good line of four-year-old Aberdeen Angus cattle. Three-year-old steers were not very keenly competed for, but all yearlings and two-year-old cattle met with great competition. Empty heifers and cows also sold particularly well. Fat cattle met with a fair sale. Yearling Jersey heifers were in great demand, selling at from £3 up to £7 2s, for a line of 25 nice quality heifers. Following are some of the prices:— Extra prime fat cows, £7 to £8; good fat Polled Angus heifers, £6 ss; good fat Shorthorn heifers, £6 18s 6d; forward Polled Angus bullocks, £8 18s to £9 2s; for-ward Shorthorn bullocks, £8 13s; good conditioned 3 and 4-year Polled Angus bullocks, £7 16s 6d to £7 17s and £8; good conditioned Hereford bullocks, £7 12s, £7 16s; mixed colour bullocks, £6 2s, £6 3s to £8 9s; 3-year Polled Angus steers, £6 15s, £6 16s to £6 17s; 3-year Herefcrds, £6 10s to £6 15s; good Shorthorn 3-year steers, £7 to £7 6s; smaller, £6 4s to £6 11s; rough 3-year steers, £4 16s; 2-year Polled Angus steers. £5 14s, £6 Is, £6 5s to £6 17s; 2-year Hereford steers. £5 Is to £6. Very few sheep were offered, and the entry in the dairy section was confined to yearling heifers. Fat maiden ewes and wethers, 335; fat ewes, 22s 9d to 28s; fat and forward ewes. 235; black-faced hoggets, 23s 9d; shorn black-faced hoggets, 21s.

BANKS— Jt a. d. £ s. d. Bank of Australasia 14 Com. Hank of Aus. 1 8 o Ditto (pref.) .. . 7 o o 6 Not cf N.Z. .. . .Vow South TV ales. 43 10 0 43 New Zealand Ditto (10s pd.) . 2 18 0 0 Ditto (20s pd.) . 1 6 Union of Aus. . . . 1 0 14 17

INSURANCE— New Zealand .. .. 19 17 South British ... .. 18 0 2 3 LOAN AKD AGENCI Abraham and 'Williams (pref.) Farmers’ Co-op. — 4 4 0 A (pref.) 0 1R B (pref. ) Goldsbrough, Mort . 0 15 6 3 0 14 6 9 National Mort. and Agency Newton King (pref.) 0 N.Z. and River Plate N.Z. Loan Merc. Ditto (pier.) .. • — 80 0 0 COAL— Renown (con.) .. . Ditto (paid) .. .. Hikurangi . . .. .. 0 0 14 0 Ditto (A pref.) .. Taupiri Ditto (pref.) W estport — 1 13 9 GAS— Auckland Ditto (con.) .. .. 0 17 3 0 17 0 SHIPPING— Devonport S team . Hudclart-Parker Northern Steam 0 Ditto (con.) .. .. Union Steam (pref.) 0 19 11 TIMBER— Kauri Timber .. .. . 0 Leyland-O’Brien Parker-Lamb .. .. 1 0 Taupo Totara .. .. 0 16 6 — BREWERIES— C. L. Innes (pref.) . 1 Staples and Co. 2 0 6 MISCELLANEOUS— Adair Bros (ex div) Auck. Amuse. Park Burns, Philp & Co. 16 Bycroft, Ltd 1 Checker Taxicab .. Colonial Sugar 0 19 0 (Aus.) 53 0 0 52 Dom. Pictures .. .. Ditto, (pref.) Donaghy's Rope — 1 0 0 and Twine Co. .. 1 15 6 Electro. Zinc (pref.) 6 Grey arid Menzies . 0 12 0 Hamilton Theatre* . 0 18 0 Hill arid Plummer . . H.M. Arcade (pref.) Milne and Ohoyce . Ditto (pref.) .. .. Ditto (B pref.) .. 1 4 0 Ditto (deb. stck.) Murchison Oil (20s 1 4 3 1 4 0 paid > 0 17 6 National Pictures .. N.Z. Refrigerating 0 16 0 0 12 0 (con.) 0 7 9 0 7 5 Sanford, Ltd 1 J 0 0 19 0 Ditto (pref.) .. .. 1 0 9 1 ft 3 Taranaki Oilfields . . 0 7 6 0 6 9 Thames Theatre Co. 1 0 0 I'nion Oil 2 0 ft 0 Wairakei, Ltd 0 8 0 Wilsons Cement .. 1 17 0 1 16 0 MINING— Alburnia 0 3 0 0 9 9 Ballarat (con.) .. .. 0 0 2 Moanataian (paid) . 0 9 Ditto (con.) .. .. 0 1 0 0 0 6 Empire Reefs (con.) 0 0 6 0 ft 3 Golden Age (con.) .. 0 0 3 Kawarau 0 0 10 0 0 6 Komata Reefs .. .. 0 0 3 Kuranui 0 0 6 Lucky Shot (2s pd.) 0 2 0 ft 1 6 Ditto (con.) .. .. Maoriland Consolid0 1 8 0 1 5 ated (con.) .. .. 0 1 0 Majestic .. ■*— 0 0 2 New W&lotahl (4* Ditto (con.) Occidental- Una 0 0 11 0 0 8 (2s paid) — 0 1 1 Ditto (con.) .. .. — 0 1 0 Ohinemuri 0 8 0 0 7 10 Waihi 1 2 6 1 2 4 Waihi Grand June. 0 1 6 0 1 2

AUSTRALIAN— Broken Hill Mount Lyell DEBENTURE*— Auckland Gas, 1928. 1 7 3 1 6 3 p.c 101 0 0 99 0 0 Auckland Harbour Board, 4 p.c. 85 0 0 Ditto, 6 per cent.. 101 10 0 City of Auckland, 1940, 5i per cent Bor. of Devonport 95 0 0 6 per cent 100 0 0 Ditto, 4?, per cent. 92 0 0 Bor of Rotorua. . . . 100 0 0 N.Z. Breweries 1 3 9 1 3 Glaxo .. — 89 0 0 GOVERNMENT BONDS War Loan, 1933, 5& 100 17 Ditto, 1936, 5* .. — 100 17 6 INSCRIBED STOCKWar Loan, 1929, 5 98 Ditto, 1938, . . S6 10 0 Ditto, 1939, .. 96 10 0 Ditto, 1933, 5J| 101 10 0 101 Ditto, 1936, 5a .. 101 10 0 101 0 0