Markets and Money

Sun (Auckland), Volume I, Issue 189, 31 October 1927, Page 12

Markets and Money

A Review for Business Men

ON THE ’CHANGE MARKET IN GOOD TONE AUCKLAND GAS AT 22 9 The week opened up this morning: with a strong tone on the ’Change. A healthy inquiry was registered in most sections and good business was put through. i| In coals, Hikurangis (ord.), were dealt with at 2s 9d. Auckland Gas also eased to see a sale at 22s 9d. In timbers buyers came in for Kauris at 245, with sellers at 24s 6d. Woollens, continue Aveak and idle. The miscellaneous section is quiet. Sanford (pref.) were done at 20s 3d. Gilt-edged securities continue in good tone. SALES REGISTERED At this morning’s 10 o’clock call.— On ’Change: Union Bank of Australia (fractions), 9s: Auckland Gas. 22s 9d; Waihi, 22s sd. At this morning’s mid-day call.— On ’Change: Occidental Una (con.), Is sd. Reported: Sanford (pref.), 20s 3d; Colonial Sugar, £34 2s 6d; Hikurangi Coal (ord.), 2s 9d. MID-DAY QUOTATIONS Closing quotations at to-day’s mid-

SOUTHERN EXCHANGES Christchurch.—Reported: Bank of New Zealand. 58s; Holden's Motors, 34s 3d; Union Bank of Australia (rights), 495. Dunedin.—Sale on ’Change: Union Bank (fractions). 9s. BUTTER AND CHEESE Merchants report receipt of cables re butter and cheese from London principals as follows: — Amalgamated Dairies, Ltd., under date October 29:—Butter: Firsts, 1725; Anchor, 1765: unsalted, 184 s to 188 s; market still dead quiet; Danish nearly cleared round 183 s f.0.b.; retail unchanged. Cheese: White, 102 s to 104 s; coloured, 101 s to 103 s; Canadian spot, 102 s to 104 s; 98s c.i.f.; little forward business; market quiet; retail unchanged. Joseph Nathan and Co.:—Butter, 172 s to 1735. Cheese: 102 s to 103 s; both slow.

FROZEN MEAT

By Cable.—Press Association. — Copyright. LONDON, Saturday. Sheep.—New Zealand, selected, light, medium. 6£d: heavy, s£d: North Islands. 6d, s|d and sgd; ewes, 4£d. Lambs." Canterbury, heavy, 9d; seconds, 9£d; North Island, firsts, Did: seconds, 9£d; Argentine, hinds, oid. Chilled Beef.—Hinds, SIJd. Others unchanged. COTTON. RUBBER, HEMP. ETC. (Last week's prices in parentheses) Cotton. November delivery, lid (10.61 d) per lb. Rubber.—Para, 14 id (14d), per lb; plantation and smoked, 17£d (16id). Jute. October-November shipments, £29 5s (£29 18s 9d) per ton. Hemp. November-December shipments, £34 (£34) a ton. Copra.—October-November shipments, £27 (£26 17s) a ton. Linseed Oil.— £3O 5s (£3l) a ton. Turpentine.—36s 6d (37 3d) a cwt.—A. and N.Z.

TRADE IN KAURI GUM

MARKETS QUIET Apart from a steady inquiry for white swamp, which, provided it is ary and clean, goes into immediate consumption, business in kauri gum circles is quiet. Regular parcels continue to go forward to London and New York buyers, and the tendency is for exports to increase rather Ilian decrease, but the market shows no sign of improvement. The I-lome trade is particularly quiet, and one correspondent reports attempts to unload surplus stocks held there to New York buyers. It is interesting to note, in the arrivals from North Auckland fields, the regular consignments coming in from the company operating in a big way in the Awanui district. This company has been reported by the board as the firm making the best attempt so far at largescale production. MINING NEWS MOANATAIARI.—The manager reports for the week ended October 29: The drive hillward on reef No. 1 winze has been extended four feet, a total of 6S feet. The reef here is still in two branches. The hangingwall branch averages four feet wide, and carries nice mineral blend, silica, and a little ruby silver. The foot.wall leader averages eight inches wide, and has been split up a little, but is coming together again, and in the race is 12 inches wide. Colours and dabs of gold were seen in the branch. As the two branches are now 10 feet apart. I have left the hangingwall branch for the time, and am driving on the footwall one. The drive seaward on reef off No. 1 winze has been extended three feet, a total of 55 feet. The reef here is stiil in two branches. The hangingwall branch averages two feet wide, and is a nice body of stone, carrying mineral, silica, and blend. Colours and dabs of gold were seen in the ore. The footwall branch averages 12 inches wide, and is also a compact body of stone, carrving mineral, blend, and silica. Colours and dabs of gold were seen in the branch. As these two branches are also 10 feet apart, and the footwall one is still going off. I have left the footwall for the present, and am driving only on the hangingwall branch. *

PURCHASES FROM BRITAIN

INCREASE IN GERMANY British Wireless—Press Assn.—Copyright RUGBY, Saturday. Imports of textile machinery into Germany from Britain have increased considerably in the past month, says a telegram from Berlin. This is not so much due to the season’s influence, but to the long-term credits granted by tlie owners of the leading British textile machinery factories. German imports from Britain in September totalled 1,216 tons, as against 1,051 tons in the previous month.—A. and N.Z.

day call were: — Seilers. Buyers. BANKS— £ s. d. £ s. d. Bank of Australasia 14 10 0 Com. Bank of Aus. 1 9 1 s 8 Ditto (pref.) .. .. 6 19 0 English. Scottish and Australian 7 12 0 Nat. of N.Z « 19 6 New South Wales . 4 4 10 0 New Zealand .. 18 6 18 0 Ditto (10s paid).. — 0 16 0 Ditto (20s paid) — 1 6 0 Union of Aust. (rights) 12 0 10 0 Ditto (fractions) .. Ditto (fractions).. 0 9 0 — INSURANCE— National 4 0 0 New Zealand .. .. 1 19 0 1 IS 6 South British .. .. 2 17 6 2 16 3 LOAN AND AGUNCf— Abraham Williams pref. 4 2 6 Farmers’ Co-op Auc. 0 Ditto (A pref.) .. 0 18 0 0 16 9 Ditto (B pref.) .. 0 lb 0 14 9 Nat. Mortgage 10 0 Newton King (pref.) 0 12 6 0 10 0 N.Z. and River Plate 1 8 0 1 7 N.Z. Guar. Corp. 0 9 0 N.Z. Loan, Merc. . . 93 10 0 Ditto (pref.) .. .. — 80 0 0 COAL— Renown (con.) . . . . 0 9 0 0 8 3 Hikurangi 0 0 0 8 Ditto (pref.) .. .. 0 6 8 0 6 Ditto A (pref.) .. 0 fi Pukemiro 6 19 0 Taupiri 1 0 1 6 0 Ditto (pref.) .. 2 0 Waipa 0 16 (» 0 lo 6 GAS— Auckland 1 2 11 1 2 6 Birkenhead and Northcote .. .. 0 16 0 — SHIPPING— Devonport Steam .. 1 4 0 1 3 0 Huddart-Parker 7 0 Northern Steam 0 14 9 0 14 3 TIMBER— Kauri Timber . . . . 1 4 6 1 4 0 Le.vland-O’Brien 1 0 National 0 13 0 Parker-Lamb 0 19 6 Taupo Totara .. .. 0 16 — Ditto (pref.) 0 U 6 — WOOLLEN — Wellington 6 1 0 Ditto (pref.) .. .. — 6 1 0 BREWERIES— C. L. Innes (pref.) (ex div.) 1 0 0 J. Staples and Co. .. 1 19 0 1 17 9 MISCELLANEOUSAuck. Amuse Park 0 17 3 0 16 7 British Tobacco .. . . 2 19 0 IV 0 Bycroft, Ltd — 1 9 0 Checker Taxicab .. — 0 19 0 Colonial Sugar (Aus.) 54 10 0 53 10 0 Dental and Medical 0 14 6 Dominion Pictures .1 0 Ditto (pref.) .. .. 1 0 0 Electro. Zinc (ord.) 1 11 6 Ditto (pref.) . . . . 1 12 6 1 11 0 Gear Meat L 17 0 Hamilton Theatres. . 0 18 0 Hill and Plummer .. — 1 2 0 H.M. Arcade (pref.) — 1 0 0 Kempthorne Prosser 4 9 Milne and Choyce .. 1 4 0 Ditto (deb. stk.) . . 1 3 6 1 3 0 Murchison Oil <20s paid) 0 16 0 N.Z. Farmers Fcrt. 15 0 N.Z. Refrig, (con.) 0 Northern Boot .. . . 0 IS 0 Sanford, Ltd 1 0 6 Ditto (pref.) .. .. 1 1 0 0 19 B Taranaki Oil . . .. 0 9 0 0 8 4 Thames Theatre I 0 0 Tonson Garlick .. .. 0 10 0 Union Oil .. . . 2 1 0 Whittome Stevenson 0 Wilsons Cement 1 16 6 1 15 9 MINING— Alburnia 0 3 2 0 2 11 Ballarat (con.) .. .. 0 0 2 Moanataiari (paid) . 0 10 0 2 Ditto (con.) . . . . 0 1 Empire Reefs (con.) 0 0 S Golden Age (paid) . 0 0 2 Ditto (con.) .. .. 0 0 Kawarau 0 1 0 0 0 6 Komata Reefs .. . 0 0 A Kuranul 0 0 6 Lucky Shot (2s pd.) 0 1 8 0 1 Majestic 0 0 4 0 0 3 New Waiotahl (4s pd) 0 0 9 Ditto (con.) .. .. 0 0 95 0 0 75 Occident a 1- l!nH (2s paid) 0 1 9 0 1 5 Ditto (con.) .. .. 0 1 6 0 1 4 Ohinemuri 0 7 0 0 6 7 Waihi 1 2 5 1 2 4 Waihi, Grand June, 0 1 5 0 1 1 AUSTRALIAN— Mount Lyell .. 1 8 0 DEBENTURES— Auck. Gas. 1028. 6.'. 101 0 i 0 99 0 0 Auck. Harbour Board 4 p.c 0 0 Ditto, 51 p.c. . . .. 98 0 0 Ditto, 55 p.c 98 0 ft Ditto. G p.c 101 0 0 City of Auckland. 294?. 9S 0 0 Auck. Electric Power Board 99 0 0 98 0 0 Auck. Hospital Board. 52. p.c. .. 99 10 0 Bor. Devonport . . . 100 0 0 Bor. of Hamilton, 6£, 2 932 102 0 0 1 4 0 1 Glaxo 90 0 0 Hamilton Theatres . 105 0 0 — GOVERNMENT BONDS War Loan. 1930, 4£ — 97 12 6 ■Ditto, 41 .. 9G 15 0 96 0 Ditto. 1939, 4* Ditto 1936. 55 .. 101 o 0 10 0 15 INSCRIBED STOCKWar Loan, 1929. 5 .. — 9S 5 0 Ditto. 1!>3S. 41 .. 9G 0 0 Ditto, 1939, 4i .. 96 0 0 Ditto. 1936, 55 100 15 0