Markets and Money

Sun (Auckland), Volume I, Issue 179, 19 October 1927, Page 12

Markets and Money

A Review for Business Men

ON THE ’CHANGE

PUKEMIROS FIRMER OHINEMURIS WEAKER The market to-day remains quiet, with few sales. Insurance stocks still command good prices, but few sales have been recorded. Goldsbrough, Alort shares have improved to buyer. 475: no sellers. Coal shares are steady. Pukemiros I have advanced to buyers 58s 6d and no sellers. XVailiis have buyers at 15s 6d, sellers 16s 3d. Huddart-Parker shares are firm, with buyers appearing at 46s 6d, sellers 475. Northern Steamship, both ord. and con. shares, remain firm. SALES REGISTERED At yesterday afternoon’s call: On ’Change—Ohinemuri Gold and Silver Alines, 7s 3d; Waihi Gold Alining Company, £1 2s 4d. Reported—Auckland Gas Company, £1 2s lid: J. Staples and Co., £1 ISs 6d: Ohinemuri Gold and Silver Alines. 7s 4d: New Zealand Inscribed Stock. 1938, 4?. per cent.. £96 ss. At the mid-day call: On ’Change— New Zealafid Insurance. £1 19s 3d: Waihi Gold Alining Company. £ 1 2s sd. Reported—None. MID-DAY QUOTATIONS Closing quotations at mid-day today were:

RENOWN COLLIERIES

OPERATIONS REVIEWED By the end o: March, Renown Collieries will be placing coal on the market, according to the annual report of directors, to be presented to shareholders at an early date. The report states that fresh contracts have been let for the completion of the work abandoned by Messrs. Deban and Jeune—the completion of excavations lor ground tramway and railway sidings, and for the remaining tunnel on the tramway route. They have been let to parties of men who suffered by the failure of the previous contractors to complete their undertaking. Work has already commenced, and it is anticipated by the directorate that the contracts will all be completed by the New Year. Messrs. W. i\ Endean and D. Holderness offer themselves lor re-election to the board of directors, and Messrs. Watkins, Hull, Hunt, and Wheeler, for reappointment as auditors. The authorised capital of the company is £150,000, in £L shares, of which £120,000 has been subscribed. Paid-up capital amounts to .C 75.283, and there is owing to sundry creditors £8,927, including £3,826 to the cornpanv s bank. The principal assets are: Leasehold land, property development, plant and machinery, tools, township, mine buildings, and stores, £63,978; fixed deposits, £5,065. Preliminary expenses and brokerage stand at £7,549. The net loss for the year ended July 31, 1927, is £2,127, which, together with a balance of £4,37S brought forward from last year, leaves the profit and loss appropriation account £6.505 in debit.

TRADE OF NATIONS CONFERENCE AT GENEVA By Cable.—Press Association. — Copyright. GENEVA, Monday. 33 States, including’ Representati ? .... America and Egypt (non-members oTThL League of Nations), and separate delegations from Canada, Australia, India, md the Irish Free State, are attending ?onference at Gene The gathering was convened by the League to consider the possible abolition of prohibitions and restrictions on imports and exports other than customs M. T-lendrikus Colijn, a former Prime Minister of Holland, was appointed president. Sir Sydney Chapman, Permanent Secretary of the British Board of Trade, said he hoped the conference would proceed cautiously, and seek a compromise rather than lay down rigid regulations. The British Empire delegations met this evening, and discussed proposals by representatives of the various Dominions. —A. and N.Z.

Sellers. B jyers. RANKS— £. Bank of Australasia 14 0 Com. Bank of A us. 1 Ditto (pref.) .. .. 17 Eng., Scot. & Aust. Nat. of N.Z 6 19 6 7 0 Nat. of Aus. (con.) New South Wales . . 45 0 S 9 0 New Zealand 1 7 Do., Morf, 10s pel. Do., Mort, 20s pd. — 1 6 0 INSURANCE— National 4 0 New Zealand .. 1 19 6 1 9 South British . . 2 17 6 17 0 LOAN AND AGENCY— Abraham and Williams (pref.) .. .. Farmers’ Co-op.— — 4 2 6 A (pref.) 0 18 0 0 9 B (pref.) 0 15 3 0 14 Goldsbrough, Mort . 0 Newton King- (pref.) 0 12 10 N.Z. and River Plate 1 8 0 N.Z. Loan Mere. 0 0 Ditto (pref.) .. .. — SO 0 0 COAL— Renown (con.) .. .. 0 9 6 0 8 Ditto (paid) .. .. 0 14 0 Ilikurangi 0 3 0 8 Ditto (pref.) .. .. 0 H 8 0 6 Ditto A (pref.) .. 0 6 0 3 Pukemiro 18 6 Taupiri 1 5 <; Ditto (pref.) .. .. 1 3 0 V aipa 0 16 3 0 15 Westport — 1 14 9 GAS— Auckland 1 0 1 9 10 Ditto (con.) .. .. Birkenhead and 0 17 3 0 16 10 Northcote 0 16 0 — SHIPPING— Devonport Steam . . 1 4 0 1 2 9 Huddart-Parker 7 0 6 6 Northern Steam 0 14 9 0 14 3 Ditto (con.) .. .. 0 7 2 0 6 10 P. & O. (def. stk) 272 0 0 — TIMBER— Kauri Timber .. .. 1 4 9 Leyland-O’Brien. .. 1 13 6 National 0 13 0 Parker-Lamb 1 0 0 Taupo Totara .. .. 0 16 6 — WOOLLEN— Kaiapoi Wellington 0 8 6 6 0 0 Ditto (pref.) — 6 0 0 BREWERIES— C. L. Innes (pref.) . 1 0 0 J. Staples and Co. . . MISCELL ANEO U S— 2 0 3 1 17 6 Auck. Amuse. Park 0 16 $ British Tobacco.. .. 3 0 0 18 6 Bycroft, Ltd — 1 9 6 Checker Taxicab 0 19 0 Colonial Sugar (Aus.) 53 5 0 Dom. Pictures .. . . 1 0 0 Ditto, (pref.) 1 0 0 Electro. Zinc (ord.) Gear Meat 1 10 6 1 16 0 Grey and Menzies .. 0 12 0 Hamilton Theatres . 0 18 0 Hill and Plummer .. 1 l 6 H.M. Arcade (pref.) 1 0 0 Milne and Choyce . 1 0 Ditto (pref.) .. .. 1 8 0 Ditto (B pref.) .. 1 3 0 Ditto (deb. stk.) . Murchison Oil (20s 1 3 9 1 3 0 paid) Farmers’ Fertiliser . 0 17 0 3 15 0 N.Z. Paper Mills .. 0 17 0 0 16 0 N.Z. Refrig, (con) . . 0 7 10 0 7 0 Northern Boot . . . . 0 18 () Robinson Ice Cream 1 0 Sanford, Ltd 1 0 9 Ditto, (pref.) .. .. 1 1 0 0 19 9 Taranaki Oilfields . 0 8 0 0 7 3 Thames Theatre 1 0 0 Union Oil 0 6 Wairakel, Ltd 0 8 Whittome Stevenson 2 1 0 Wilsons Cement 1 16 9 1 15 9 MINING— Alburnia 0 3 2 7 Ballarat (con.) .. .. 0 Moanataiari (pd.) 0 2 7 0 Ditto, (con.) . . . . 0 1 6 Empire Reefs (con.) 0 0 8 Golden Age (paid) . . 0 0 2 Kawarau 0 Komata Reefs . . . . Kuranui 0 0 Lucky Shot (2s pd) Maoriland Consolid0 1 6 0 1 0 ated (con.) .. .. 0 1 0 Majestic 0 0 41 0 0 New Waiotahi (4s pd) 0 0 Ditto (con.) .. .. Occidental-Una 0 0 9i 0 0 7 (2s paid) 0 l S 0 1 4 Ditto, (con.) .. .. 0 l 4 0 1 Ohinemuri 0 0 6 V aihi 1 6 1 Waihi Grand J. 0 i 6 0 l 1 A U STRALI AN— Mount Lye 11 DEBENTURES— - 1 7 6 Auck. Gas, 1928, 63 Auck. Harbour Board 101 0 0 99 0 0 4 p.c So 0 0 Ditto, 5J p.c 98 o Ditto, 6 p.c 101 0 0 City of Auck. 1940, 54 Auck. Electric Power 97 0 0 95 0 0 Board 9J c 0 98 0 0 Bor. Devonport, 6.. 100 0 0 Ditto, 4 i 0 N.Z. Breweries .. 1 4 1 S. R. Maxwell .. . . 101 0 b 0 Glaxo — 90 0 0 GOVERNMENT BONDS War Loan, 1930, 41 97 10 Ditto, 1938, 4* — Ditto, 1939, 43 96 Ditto, 1941, 41 .. 97 0 0 Ditto, 1933, 5* 100 Ditto, 1936, 53 101 10 0 101 0 INSCRIBED STOCK War Loan. 1929, 5 .. 99 5 0 9S ft 0 Ditto, 1938, 41 .. 96 10 0 96 Ditto, 1939, 43 .. 96 10 0 96 6 Ditto, 1933, 51 . . 101 10 0 1 00 15 0 Ditto, 1D3G, 51 .. — 101 0 0