Markets and Money

Sun (Auckland), Volume I, Issue 172, 11 October 1927, Page 12

Markets and Money

A Review for Business Men

ON THE ’CHANGE OHINEMURIS ACTIVE N.S.W. BANKS FIRMER With the exception of the attention paid to Ohinemuris in mining-, the ’Change, generally, has a quiet tone. Ohinemuris continue to see sales on a market around Bs. Waihis and Oc-cidental-Unas are firm at current quotations, but idle. Other mining is mostly depressed. In banks, N.S.W.’s have a firming tendency, a sale being put through yesterday afternoon at £43 10s. Commercial banks continue in good tone, and steady sales are recorded. In miscellaneous Wilsons Cements met with a firm demand, with buyers advanced to 36s 3d. Taranaki Oils have weakened to see a sale at 6s 9d. A better tone, and a slightly stronger demand, is registered in the gilt-edged section, particularly in regard to 1933 and 1936 bonds and stocks. SALES REGISTERED At yesterday afternoon’s call:—On ’Change—Bank of N.S.W., £43 10s; Taranaki Oils, 6s 9d; Ohinemuri, 7s lid and Bs. Reported—Commercial Bank of Australia, 27s lOd; Bycrofts, Ltd., 30s. At this morning’s 10 o’clock call: On ’Change—Ohinemuri, Bs. Reported— Union Oil, Soap and Candle, 41s 6d. At to-day’s mid-day call: —On Change—Ohinemuri, Bs. MID-DAY QUOTATIONS Closing quotations at mid-day to-day were:

SYDNEY WOOL SALES

"able.—Press Association . -—Copi ;.j' SYDNEY, Monday. At the Sydney wool sales to-day the market reopened to keen competition. Prices for best wools ruled on a par with closing rates of last week, but average and inferior sorts showed a decidedly easier tendency. Greasy Merino sold to 29£d. —A. and N.Z.

IN THE MARKET PLACE BIGGER POTATO OFFERINGS DEARER APPLES The market for oranges has firmed. Canadian apples have arrived and make from 17s to 18s 6d a case. Supplies of new season’s potatoes are coming in freely, but the quality of the tubers, generally, is poor. A goon tone prevails in the City Marts for most lines of fruit and produce. The market for local apples has a firming tendency. Oranges are scarce, and making firmer values. The Waipahi, from the Cook Group, is due in Auckland to-morrow. A small shipment of eitnis frint ex oycl ney arrived this morning and enme on the market immediately. Firm \ t-lues ruled on account of the short oflferiii In one mart alone between 500 r sacks and bags of potatoes came for ward this morning, and easier p. ices rU Most lines of field and garden produce are well supplied and meeting with a steady demand. . , Eggs are easier in price and meeting with a slack demand. Prices under the hammer at to-ciay s» auction in the City Marts ranged as follow : FRUIT Apples. —Delicious, 8s to 11s a case, Sturmers, 10s to 11s 6d; Granny Smith, 10s to 12s; Dougherty, 7s 6d to 9s. Pears. —Nellis and Coles, repacked, 12s to 14s a case; Ss 6d to 9s 6d. Oranges. —lsland, 22s to 23s a case, Poorman, 12s a case. Lemons. —Local, 6s to 14s a case. Tree Tomatoes. —7s to 10s a case. Grapes. —Californian, in kegs, 2is. Bananas. —Repacked, 24s to 28s a case. VEGETABLES Potatoes. —Southern, 6s 6d to 7s 3d a cwt.; new, 2d to 3£d a lb. Kumeras. —Tauranga, 11s to los a cwt.; Island, 11s a cwt. Pumpkins. —Ordinary, good, sound, 14s to 21s a cwt. Swedes. —Is 6d to 2s a bag. Onions. —Australian, 12s to 14s 3d a cwt; American, 19s a crate. Cabbage. —2s to 8s a sack. Cauliflower. —3s to 12s a sack. Lettuce. —2s 6d to 3s a case. Prices for smaller parcelled vegetables will be found in the Kit Bag column on another page. STERLING EXCHANGE RATE RECORD IN NEW YORK British Wireless —Press Assn.—Copyright RUGBY, Sunday. The exchange rate for sterling in New York yesterday rose to 4 dollars 86 63-64 cents. This is the highest value recorded since 1914. Usually at this time of year the rate moves against the pound as there is a demand for dollars to pay for big crop and other imports from the United States. —A. and N.Z. OCCIDENTAL-UN A. The manager reports: The intermediate level on the footwall dropper has been extended 6ft and quartz broken showed nice dabs of gold. The crosscut to intersect the No. 1 reef has been extended 6ft in nice, hard blue country, interlaced with silica veins and flinties, which makes it bad for shooting. We intend to push this level ahead this week with two shifts.

Sellers. Buyers. BANKS— £ 8. d. £ a. d. Bank of Australasia 14 8 0 Com. Bank of Aus. . 1 8 0 1 7 9 Ditto (pref.) .. .. V 0 0 Eng. Scot. & Aust. 7 9 0 National of N.Z. .. 7 0 0 6 18 6 New South Wales .. 44 b 0 43 10 0 New Zealand . . .. 2 18 0 2 17 0 Ditto (10s pd.) .. 0 16 0 Ditto (20s pd.) .. 1 6 0 Union of Aus 14 19 6 14 18 6 INSURANCE— National 4 1 0 New Zealand .. .. 1 19 4 1 19 0 South British .. .. 2 17 9 2 17 Standard 3 2 0 3 0 0 LOAN AND AGENCY— Farmers’ Co-op.— A (pref.) 0 18 0 0 16 6 B (pref.) 0 15 6 0 14 6 Goldsbrough, Mort . 2 6 9 2 6 3 National Mort. and Agency 3 5 0 Newton King (pref.) 0 N.Z. and River Plate 1 7 9 1 7 3 N.Z. Loan Merc. 93 0 0 Ditto (pref.) .. .. — 80 0 0 COAL— Renown (con.) .. . 0 7 0 Ditto (paid) .. .. 0 140 Hikurangi 0 3 2 0 2 9 Ditto (pref.) .. .. 0 7 0 0 6 3 Ditto (A* pref.) .. 0 6 0 0 5 3 Pukemiro 2 18 0 Taupiri 1 6 0 1 5 Ditto (pref.) .. .. 1 3 0 Waipa .. 0 16 6 0 15 Westport 1 lb 6 1 14 3 GAS— Auckland 1 3 0 1 2 Ditto (con.) . . . . 0 17 6 0 17 Birkenhead and Nort cote 0 16 0 — SHIPPING— Devonport Steam . 1 4 Huddart-Parker 2 Northern Steam 0 15 0 0 14 6 Ditto (con.) . . . . 0 7 2 Union Steam (pref.) 0 19 11 TIMBER— Kauri Timber .. .. 1 5 Leyland-O’Brien National 0 13 0 Parker-Lamb .. .. 1 0 0 Taupo Totara .. .. 0 16 6 — BREWERIES— C. L. Innes (pref.) . 1 0 0 Staples and Co. 2 0 6 — MISCELLANEOUS— Auck. Amuse. Park 0 16 British Tobacco .. 2 19 9 2 Bycroft, Ltd 1 10 6 1 Checker Taxicab Colonial Sugar (Aus.) 52 10 0 Dom. Pictures .. .. Ditto, (pref.) 1 0 0 Donaghy’s Rope and Twine Co. .. 1 15 6 1 Electro Zinc, (brd.) 1 11 6 Gear Meat 1 16 Grey and Menzies .. 0 12 0 Hamilton Theatres . 0 18 0 Hill and Plummer .. 1 1 6 H.M. Arcade (pref.) 1 0 ft Milne and Choyce 1 3 Ditto (pref.) .. .. 1 3 Ditto (~B pref.) ., 1 3 3 Ditto (deb. stk.) 1 3 § - 1 3 3 Murchison Oil (20s paid) 0 17 6 — National Pictures . . 0 16 0 0 12 0 Farmers' Fertiliser 3 1ft 0 _ N.Z. Paper Mills . . 0 17 0 N.Z. Refrigerating 0 14 3 Ditto (con.) .. .. 0 8 0 0 7 9 Northern Boot .. . . 0 18 0 Robinson Ice Cream 1 3 0 Sanford, Ltd 1 1 0 0 19 0 Ditto (pref.) .. 1 1 0 1 0 3 Taranaki Oilfields .. 0 7 6 0 6 6 Thames Theatre Co. 0 0 Union Oil 2 0 0 Wairakei, Ltd (1 8 0 Wilson’s Cement .. 1 16 9 1 16 3 MINING— Alburn ia 0 3 0 0 2 9 Ballarat (con.) .. .. 0 0 2 Moanataiari (paid) . 0 2 6 0 1 9 Ditto (con.) .. .. 0 1 0 0 0 7 Empire Reefs (con.) 0 0 6 — Golden Age (con.) .. 0 0 2 — Kawarau 0 0 10 0 0 Komata Reefs .. .. 0 0 3 Kuranui 0 0 6 Lucky Shot (2s pd.) 0 2 0 0 1 6 Maoriland Consolidated (con.) .. .. 0 1 0 Majestic 0 New Waiotahi (con.) 0 0 11 0 0 7 Accidental-Una (2s paid) — 0 1 1 Ditto (con.) .. .. 0 1 4 Ohinemuri 0 8 1 0 7 11 Waihi ; • - 1 2 6 1 2 3 Waihi Grand June. 0 1 6 0 1 AUSTRALIAN— Broken Hill — 1 3 9 Mount Lyell 1 7 3 1 6 3 DEBENTURES— 6J p.c 101 0 0 99 0 Auckland Harbour Board. 4 p.c. 85 0 Ditto, 5J per cent. 98 10 Ditto, 6 per cent. 101 ■ 'ity of Auckland, 1940, 5| per cent 95 Auck. Elec. P. Bd. 98 Bor. of Devonport 6 per cent 100 0 0 Ditto, 4J per cent 92 Bor. of Rotorua, 6 . 100 N.Z. Breweries 1 3 9 1 90 0 GOVERNMENT BONDS— War Loan, 1938, 4J . 96 10 0 96 0 ft Ditto, 1933, 5 h 101 10 0 100 17 6 Ditto, 1936, 51 . . — 100 15 INSCRIBED STOCKWar Loan. 1929, 5 .. — 98 0 0 Ditto, 1938, 4J . . 96 10 0 96 0 0 Ditto, 1939, 4S .. 96 10 0 96 0 0 Ditto, 1933, 5h .. 101 10 0 101 0 ft Ditto, 1936, 61 . . — 101 0