Markets and Money

Sun (Auckland), Volume I, Issue 192, 3 November 1927, Page 16

Markets and Money

A Review for Business Men

ON THE ’CHANGE

OCCIDENTAL UNAS ACTIVE COMMERCIAL BANKS FIRM A healthy tone continues to be recorded on ’Change. Sales are recorded in most sections. In mining, Occidental Unas are active at from Is 5d to Is 6d for the contributing shares. Waihis, quoted ex div., have eased in proportion. Ohinemuris continue firm. Most other mining is weak and idle. Auckland gas have weakened to see sales at 22s 6d. Banks and insurance are quiet. New Zealands have been done at 58s. Commercials of Australia continue firm and register an upward tendency. In the miscellaneous section sellers of Auckland Amusement Park have eased their demands. Sanfords continue in demand and! sales are recorded at 20s for the ordinary shares. SALES REGISTERED Yesterday afternoon’s business.—On ’Change: Commercial Bank, 28s lOd; Union Bank (rights), 535; ditto (fractions), 8s; Taranaki Oils, 8s; Occidental Una (con.), Is 6d. Reported: Hikurangi Coal (ord.), 2s 9d; Northern Steam (ord.), 14s 9d.

At this morning’s 10 o’clock call.— On ’Change: Union Bank (rights), 535; ditto (fractions), Ss 3d; Auckland Gas (ord.), 22s 6d; ditto, 16s 9d. At to-day’s mid-day call.—On ’Change: Bank of New Zealand, 58s 3d; Auckland Gas (ord.), 22s 6d; ditto (con.), 16s 9d: Ol jaemuri, 6s 6d; Occidental Una (con.), Is sd. Reported: Union Bank (fractions), 8s 3d; Sanford, Ltd. (con.), 20s; Occidental Una (con.), Is 5d and Is s£d. MID-DAY QUOTATIONS

Closing quotations at to-day’s midday call were:

CHICAGO WHEAT By Cable.— : Press Association. — Copyright. Reed. 9.5 a.m. CHICAGO, Wednesday. Wheat.—December, 1 dollar 25 1-S cents a bushel; March, 1 dollar 7-8 cents; 1 31 l-S oents.—A. aod Sf.Z*,

STOCK MARKET REVIEW

FIRST LAMB SHIPMENT BEEF AT 27/6 ON THE HOOKS Throughout New Zealand increased interest has been registered in stock circles during the past week. Farmers and buyers alike await the announcement of the season’s opening rates, and the end of the present month should see killing started in earnest in several centres. The first lambs to be dispatched for the Home market this season were put through the Westfield works during the week. They comprised a line of 500, killed and consigned on account of W. Vosper, Cambridge. Already on the water, they should reach the London market during the holidays, and the consignor reap the benefit of the enhanced prices generally ruling at that time of the year. It is reported that a small consignment has also gone forward from the Hawke’s Bay district. MOVEMENTS OF CATTLE Activity is also recorded in regard to beef. Killing of cattle has been carried out at Westfield during the past three weeks, and further impetus has been given the market over the last few days by that company coming in as a firm buyer on a basis of 27s 6d for bullocks on the hooks. At this price 800 beasts have been put through the works in the last day or so. Borthwicks have also been operating in the district, and a large line picked up from two or three of the Waikato’s biggest grazing properties have gone forward by rail to the Southern works.

Apart from the one line consigned for a special purpose the local works are not yet dealing with lambs or big sheep.

Prices for* export are expected to come out at the Royal Show opening in Christchurch on November 9. Renewed activity is reported for store sheep and the market throughout the province is firm, with values for wethers little below that offering for fats. A keen demand exists for all classes. Little forward buying is reported.

Heavy consignments of both sheep and cattle continue to go forward to the Addington fat stock market from the Southern portion of the North Island. WESTFIELD MARKET

At Westfield yesterday practically all classes of stock sold at unchanged rates. For cattle especially there was a decided firmness in the market and prices at times •were slightly in advance of last week’s parity.

The quality of the cattle offering, especially in the female section, left much to be desired. Well-finished prime calves were also in the minority in the veal pens. Although there was a substantial percentage of only partially-finished sheep the majority were prime and well-suited for butchers’ purposes. Prices under the hammer ranged as follows :

Cattle.—Heavy prime steers, £l3 30s to £l4 12s 6d; prime. £l2 to £l3 7s 6d; lighter prime, £lO 17s 6d to £ll 17s 6d; light prime, £D 10s to £lO 15s; small and unfinished, £6 15s to £9 7s 6d; extra heavy prime young cows and heifers, £9 5s to £9 15s; heavy prime cows and heifers, £8 to £9; lighter prime, £6 15s to £7 17s 6d; other killable cows and light heifers, £4 10s to £6 12s 6d. Sheep.—Heavy prime wethers made £1 9s to £1 10s 6d; prime, £1 7s 6d to £1 8s 9d: medium, £1 6s to £1" 7s 3d; light and small, £1 4s 6d to £1 5s 9d; unfinished wethers, £1 to £1 3s; extra heavy prime young ewes, £1 5s to £1 6s 3d; heavy prime, £1 3s 6d to £1 4s 9d; lighter prime, £1 2s to £1 3s 3d; other killable, £1 to £1 Is 9d; other ewes, 17s to 19s. Lambs.—Extra heavy prime lambs made £1 8s 6d to £1 9s 3d; heavy prime, £1 6s 6d to £1 8s 3d; lighter prime, £1 4s 6d to £1 6s 3d; light prime, £1 3s to £1 4s 3d; small and plain, 17s 6d to £1 Is. Calves. —Runners, to £6; heavy vealers, to £4; medium, £2 10s to £3 ss; light, 30s to 455; small and fresh dropped, 5s to 28s. Pigs.—Medium choppers made £1 14s to £3 2s; heavy prime baconers, up to £3 7s; medium, £2 19s to £3 3s; light, £2 14s to £2 17s; heavy porkers, £2 11s to £2 13s; medium, £2 7s to £2 10s; light, £2 2s to £2 ss; small and unfinished, £1 16s to £2 ss. Extra good stores made up to £2 ss; smaller, £1 9s to £1 16s; slips, £1 3s to £1 7s; wellgrown weaners, to £1 2s; small and weedy, 10s to 15s. MINING NEWS OHINEMURI.—The manager reports: The north drive on the Camoola lode has been extended 15 feet during the past week through sulphide ore without disclosing either wall. The value of the face at 606 feet is £6 0s Sd a ton. It is evident that the lode maintains a width of 30 feet, which was exposed by the main crosscut. During the last few feet a considerable improvement in the ore has been shown. A valuable block is being opened here for milling. The construction of the power line is being expeditiously proceeded with and should be out of hand by the end of the month. The road to the Silverstream crosscut will be completed in about three weeks.

MOUNT WELCOME.—The manager rePm'ts -Satisfactory progress is being made wfil l ISio. 3 level, the face at present being 240 feet in from the main crosscut, although the vertical of Barker’s winze is still 250 feet ahead, it is possible present working will drain that portion of No. w level long before driving that length, as at present we are draining the country well ahead of us. Good colours of gold showed up in breaking down the reef during the last week, but present staff will not permit any stoping to be done at present, the object being to push the level ahead as far as possible and test the intervening block. The country being handled is undoubtedly good for gold and with a strengthening of the leader good l esults may be looked forward to.

OCCIDENTAL- UNA. The manager leports: The crosscut to intersect No 1 leef has been extended Sft for the week entU o^/ 0 J a 'J ,ea £ ins ? country- We should cut this reef about 40ft from its estimated junction with the Loyalty reef in tii-gun country, going- north. The rise to 1 r< : ef goin E' south has + llse n 6ft since started. Good county is mailing- and we should cut the reef here by the end of the coming week No work has been done in the intermediate, themen having been engaged putting in t '?S£ 4 im^ tar L !topinE on the dropper. KURANUI.—The manager reports: The drive on tlje leader in the footwall of the main reef has been advanced 10ft for the week, making a total of 25ft from the crosscut The leader still maintains its size and looks very promising, being encased m a nice class of country for making gold. Have carried a leadin'*stope along the back of the drive for 15 ft and the quartz broken from here shows a lot of blend and silica and should make gold at any time.

FLAX-GRADING RETURNS

Retuins of the flax graded at the port of Auckland during October show a considerable increase over the figures for the corresponding period of last year. Particularly is this the case in regard to the lower grades. Following are the returns for the month, the figures for October, 1926, being given in parentheses:— Hemp.—Good, fair, 27 bales (2); high oca 1- ’ fair, 3,330 (590); common! (1°060)° 2^: rejected ’ 31 total, 1,997 Tow.—No. 1, 4 bales (13); No. 2. 286 (173); No. 3. 312 (112); condemned, 19 (17); total, 721 (315). Stripper Slips.—Nine bales No. 2 (S bales No. 2, 9 condemned).

COLONIAL SUGAR CO.

DIVIDEND OF 12| PER CENT. TOTAL PROFITS £476,516 By Cable. — Pi'ess Association. — Copyright. SYDNEY, "Wednesday. The report by the directors of the Colonial Sugar Refining Company for i the half-year ended September 30 states that the profits from the Australian mills and refineries and from other investments subject to Federal income tax, after providing for depreciation and other charges, amount to £244,154 The earning in New Zealand and Fiji and from other investments not subject to Federal income tax amount to £232,362. The total profits were £476,516. From this amount the directors propose to pay a dividend of 20s and a bonus of 5s a share, absorbing £365,625. To the balance of £110,891 has to be added the balance of profit and loss account at March 31, £330,475, making a total of £441,366. From this sum the board proposes to place £IOO,OOO to reserve fund, leaving £341,366 to be carried forward. The report states the 192 S crop in Australia is estimated at a total of 493,000 tons, of which 150,000 tons has been sold to British and Canadian fineries. Land has been purchased in Western Australia upon which it is proposed to establish a refinery. Referring to the anticipated shortage of softwoods for paper-making, the report states attention is being given to the use of crushed cane for the production of paper board and adds: “There are difficulties to be overcome, but it is said a plant will be laid down in Queensland for te’sting a process.” The report and balance-sheet were adopted by to-day’s meeting of shareholders. —A. and N.Z.

BRITISH TEXTILE TRADE

PERMANENT EXHIBITION PLAN British Wireless —Press Assn Copyright RUGBY, Tuesday. An interesting development in the textile world is a movement which is now well advanced for the establishment of a permanent exhibition in London. This exhibition, which is to include textiles of all hinds, is to be international in its scope. It will have behind it some of the largest firms in the trade. An official announcement about the scheme will probably be made within a few weeks. —A. and N.Z.

COMMONWEALTH BANK

NEW OFFICES IN NEW YORK By Cable. —Press Association. — Copyright. NEW YORK, Tuesday. The New York agency of the Commonwealth’ Bank has secured premises at 25 Pine Street, in the heart of the financial district. The main office is situated on the ground floor and there is another room on the first floor. The bank will probably be opened for business in three weeks. At first the staff will comprise four or five members, but the number is expected to to 10 shortly. The majority of the clerks will be American, because they are familiar with American banking practices. —A. and N.Z.

SYDNEY WOOL SALES

PRICES FULLY MAINTAINED By Cable. —Press Associatian. — Copyright. SYDNEY, Wednesday. At the Sydney wool sales to-day a very strong market ruled. Prices were fully maintained for all classes except very burry or very wasty lines, which continued to show irregularity. All sections attracted free competition and good clearances were effected Greasy Merino sold to 29|d. —A. and N.Z.

COUNTRY STOCK SALES

AUCTIONEERS’ REPORTS District stock auctioneers report as follows: The New Zealand Loan and Mercantile Agency, Company, Limited. —We held sales during the past week at Westfield, 1 apakura and Pukekohe (dairy cattle and pigs). There has been a falling-off in demand for all classes of store cattle and store steers, unless forward in condition, have been dull of sale. Dairy cows and heifers, close to profit, best, made £lO to £l4 10s; others, £7 to £9 15s; backward springers, £5 to £7 10s; aged cows and inferior heifers, £2 10s to £4 15s; bulls, £2 to £7 ss; empty cows, £2 5s to £3 10s; yearling heifers, best, £3 5s to £5; others, £1 10s to £2 15s; yearling to IS-months steers, £2 10s to £3 10s; 2 to 2 J-year steers, £3 15s to £4 12s 6d; 2 to 3J-year steers, £4 15s to £5 12s 6d; 4 to 4J-year steers, £5 15s to £6 7s 6d: grown steers in forward condition, £6 15s to £7 10s. Pigs at Pukekohe sold at easily Westfield quotations. Alfred Buckland and Sons, Limited.— During the week we held cattle 'sales at Westfield and Waitakaruru, pig sale at Tuakau and a clearing sale on account of K. O. Arvidson, Otaua, Waiuku. There were full yardings of cattle and 233 fat pigs were sold at Tuakau. Values for both cattle and pigs were similar to those ruling at the previous week’s sales. Mi*. Arvidson’s dairy cows were a nice lot and found keen buyers. The pick of them sold up to £2O: others. £lO to £ls; unsound cows. £3 10s to £S. Best dairy cows and heifers at other sales made £lO to £l4 10s; second grade, £7 10s to £9 10s; others. £3 to £6~10s; empty young cows, £3 to £4 ss; store cows, £1 10s to £2 10s; run cows, £4 to £5 ss; prime young cows and heifers, £6 to £9 10s; lighter fat cows and heifers. £4 10s to £5 17s 6d; honey cows, £2 5s to £4 7s 6d; choice yearling to 18-months-old dairy heifers, £4 5s to £6; other heifers. £2 10s to £4; grown steers in forward condition, £6 10s to £7 10s; four-year-old steers, £5 10s to £6 10s; two to three-year-old steers, £4 10s to £5 10s; yearling to IS-months-old steers. £2 lbs to £4 ss: sound young herd bulls, £7 7s to £ls 15s; heavy bulls. £4 15s to £6 10s; other bulls, £2 to £4 ss.

ADDINGTON STOCK SALE

RECORD CATTLE ENTRY MARKET EASIER Press Association. CHRISTCHURCH. Wednesday. ! For the double market at Addington today there were very large entries in ail classes of fat stock. The number of fat cattle, 778, was a record for the yards. The beef market was somewhat irregular and on the whole prices were not equal to late rates. Fat sheep were in heavy supply, but met with good sale, late prices being well maintained. Fat lambs were in over-supply and prices showed a decided decline, except for prime heavyweights. There was a large yarding of store sheep and a better demand for all classes was experienced, no doubt on account of late rains. Store Sheep. —Wethers in wool sold at an advance of Is to 2s, and shorn wethers in forward condition, 2s a head. Prices were:—Halfbred ewe hoggets, 39s to 39s 6d; crossbred ewe hoggets, 29s 4d to 325; halfbred wether hoggets, 23s 6d to 27s Id; mixed sex crossbred hoggets, 26s to 30s; sound-mouth ewes and lambs. 19s to 20s lOd, all counted; aged ewes and lambs, 10s 6d to 18s; four and six-tooth halfbred wethers, 32s to 355: four and sixtooth three-quarterbred wethers, 375; shorn four and six-tooth wethers, 22s to 24s 3 0d; shorn two and four-tooth wethers, 19s to 21s 6d; small shorn two-tooth wethers, 14s to 17s. Spring Lambs. —The entry was the largest for the season. Well-grown and well-finished lambs sold very well through out. Extra prime heavy lambs made up to 4Ss; prime heavy lambs, 30s to 355: medium lambs, 25s to 29s 6d; lighter, 20s to 24s 6d. . Fat Sheep. —Several North island consignments were forward. There was a large line from Marlborough and the South was also well represented. Extra prime woolly wethers made up to 57s 4d; prime wethers, 44s to 47s 6d; medium wethers, 3Ss to 435; light wethers, 35s to 37s 6d; prime shorn wethers, 31s to 355; extra prime shorn wethers to 40s 4d: medium shorn wethers, 27s to 30s; inferior shorn wethers, 24s 6d to 265; extra prime woolly ewes, to 51s 4d; prime woolly ewes, 37s to 435; medium woolly ewes, 31s to 365; light woolly ewes, 23s 6d to 30s; extra prime shorn ewes, to 3Ss lOd; prime shorn ewes, 29s 6d to 345; medium shorn ewes, 22s 6d to 2Ss lOd; woolly hoggets, 26s 6d to 42s 6d.

Fat Cattle.—Heavy-weight steers suf- . fered a great decline and were not realising more than 32s 6d to 35s a 1001 b; ordinary cow beef was worth about 30s to 31s 6d and rough beef from 23s 6d a 1001 b. The market was topped by 15 steers making £lB 7s 6d to £22 17s 6d. The range of prices was:—Extra prime heavy steers, to £22 17s 6d; prime heavy steers, £ls to £l7: prime medium steers, £l3 to £ls; light-weight steers, £S to £l2 10s; extra prime heifers, £ls 12s 6d; prime heifers, £ll to £l2 15s; light heifers, £6 to £8 15s; extra, prime cows, £l4 2s 6d; prime cows, £lO to £l2: medium cows, £8 to £9 15s; aged and light cows, £5 to £7 15s. Vealers. Twelve to 18-months-old calves to £9; good vealers, £5 to £6; medium vealers, £3 to £4 15s; others, 10s to 355. Store Cattle. —There was a small yarding of store cattle, consisting mainly of cows and bulls. No lines of steers or heifers worth quoting being penned. Best cows made £4 5s to £5 15s: medium cows, £3 to £4 2s 6d; bulls, £4 10s to £9 ss. Dairy Cattle. —Most of the cows were in poor condition. Best second and third calvers, £7 10s to £10; medium sorts, £5 10s to £6 10s; inferior cows, £3 10s to £5; best heifers, £6 to £9; others, £3 to £5 10s; cows, in profit, £2 to £3 10s. Fat Pigs.—A medium entry of baconers sold at late rates and a large yarding of porkers brought rather firmer values. Choppers made £3 13s to £7 3s 6d; light baconers, £3 5s to £3 12s 6d; heavy baconers, £3 15s to £4 10s: extra heavy baconers to £4 10s (equal to sid to 63<1 a lb). Light porkers, 40s to £2 10s; heavy porkers, £2 12s to £3 Is; extra heavy porkers, to £3 6s (equal to id to Sd a’lb). Store Pigs.—There was a very large entry. Prices showed a slight improvement on late rates. Medium wearners made ISs to 225: good weaners. 22s bd to 26s 6d; slips. 19s to 235; medium stores, 27s to 335; large stores, 34s to 41s 6d. INCREASED PRODUCTION BUTTER AND CHEESE Production of dairy produce in Auckland province this season continues well ahead of that for the corresponding period of last year. On a percentage basis the increase amounts to nearly 24 per cent, in the case of butter, and approximately per cent, in the case of cheese. , _ , Since the season opened in July 485,525 boxes have been delivered at the Auckland Farmers’ Freezing Company's grade stores, compared with 392,830 boxes for the corresponding period of last year. October production was responsible for 239,159 boxes of butter, compared with 209,097 boxes in October, 1926, and 18.711 crates of cheese, compared with 17,316 crates in October of last year. The total amount of cheese received in store to date is 31,077 crates, compared with 30,003 crates received during the four months ended October 31, 1926. In addition to the increase in production, with, a considerably better tone m the overseas markets, greatly increased pay-outs have been made in all parts ot the district. GISBORNE SHEEP FARMERS Profits for year ended August 31, 1927. amounting to £2,309 10s lOd are recorded in the annual report of directors of the Gisborne Sheepfarmers’ Frozen Meat and Mercantile Coy. In common with many others farmers’ co-operative concerns, the usual reasons, chiefly trade depression, for small profits are brought forward. The mercantile department showed a loss of £BB7 16s lid on the year’s trading. The reconstruction of the company’s main works are reported to have been completed. while various economies have been carried out in the mercantile department. A dividend at the rate of six per cent, is recommended for freezing and mercantile preference shareholders. This will absorb £975 9s 8d; £1,400 is transferred to bad and doubtful debts account, leaving £24 9s 8d to be carried forward. Principal liabilities shown on the balance sheet are, paid-up capital. £438,006 7s; debentures, £300,000; bankers’ balances, £114,883 15s sd. SHARLAND AND CO., LTD. After making provision for bad and doubtful debts, depreciation of plant, taking stock at saleable prices, and the payment of an interim dividend at the rate of 2£ per cent., the annual report of the directors of Sharland and Company shows a balance of £10,612 7s 2d available for distribution. This \ amount includes £4,431 8s lOd brought forward from last year. The directors recommend the payment of a dividend at the rate of 4J per cent., making a total dividend of 7 per cent, for the year. Results and appropriations for the last three years are as follow: 1925. 1926. 1927. ! Brought forward £ 3,415 £4,139 £4,431 Net profits.. .. 11,474 9,042 9,306 £14,889 £13,181 £13,737 To reserve .. . . 2,000 Dividend, 7 p.c. 8,750 8,750 8,750 Carried forward £4,139 £4,431 £4,987 FOREIGN SUGAR DUMPING GRAVE SITUATION CAUSED By Cable.—Press Association. — Copyright. LONDON, Wednesday. The British Empire Sugar Federation discussed the situation arising out of the dumping of foreign sugars. This is regarded as grave. It was decided to urge the Government to take immediate action to prevent permanent injury being done to the British refining industry and the Empire’s sugar production. The necessity for the free gntay of Empire —

HOME BUTTER MARKET D&J

j FURTHER DECLINE IN PR|q Butter in London continues to with a market dull and »ifele** mtr further decline of 2s a cwt 7** * ported. r *- Under date November 2 the t ! I manager of the Amalgamated ' cabled as follows: I “Butter: Market dead quiet with * mand: firsts, 170 s: “Anchor,” 174,-. TALLOW MARKET By Cable. —Press Association LO.VDO.V, Tallow in stock totals 5.537 ton* ! ports. 1.552 tons; deliveries a ' s t —A. and X.Z. NEW ZEALAND BUTTER COMPETITION IN CANADA By Cable.—Press Association. Copyrw ; Reed. 10.22 a.m. VANCOUVER, W*. The price of butter has dropnea ! cents a. pound. , The new prices are from 40 to 4* to retailers, according to grade. * j The decline is attributed to heavy plies from Alberta competing with C' Zealand butter.—A. and N.Z. ' n

Sellers. BANKS— £ d. £ d. Com. Bank of Aus. 1 9 6 English, Scottish and Australian .... . . Nat. of N.Z G 19 0 New South Wales . 44 10 0 New Zealand . . 2 18 6 Ditto (10s paid) . . 0 16 0 Ditto (20s paid) 1 6 0 Union of Aust. (rights) 13 6 2 12 0 Ditto (fractions) . 0 8 3 0 8 0 INSURANCE— New Zealand .. .. 1 19 0 1 IS 3 South British .. . . 2 17 0 ?, 16 Standard — 3 0 0 LOAN AND AGENCY— Abraham Williams pref. 4 3 Farmers’ Co-op. Auc. 3 15 0 Ditto (A pref.) .. 0 18 0 0 16 9 Ditto (B pref.) .. 0 15 3 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 0 N.Z. Loan, Merc. .. — 93 10 0 Ditto (pref.) .. .. — 80 0 0 COAL— Renown (con.) .. .. 0 9 0 0 8 3 Hikurangi 0 3 0 0 8 Ditto (pref.) .. ,. 0 6 8 0 <> Ditto A (pref.) .. 0 5 0 Pulcemiro 3 2 6 19 0 Taupiri 1 7 01 6 0 Ditto (pref.) .. .. 1 0 Waipa 0 16 0 0 lb 6 Westport — 1 15 0 GAS— Auckland 1 3 6 1 o Ditto (con.) .. .. 0 17 0 0 16 Birkenhead and Northcote .. .. 0 16 0 — SHIPPING— Devonport Steam .. 1 4 0 1 3 0 Huddart-Parker 2 7 0 Northern Steam 0 15 0 0 14 8 Ditto (con.) .. .. 0 7 3 0 6 10 P. and O. (def.) .. 272 0 0 260 0 0 TIMBER— Kauri Timber .. .. 1 5 0 1 4 0 Leyland, O’Brien . . 1 15 0 National 0 13 0 Parker-Lamb .. .. 0 19 6 Taupo Tota.ra .. . ✓ 0 16 0 Ditto (pref.) .. .. 0 17 0 — BREWERIES— C. B. Innes (pr$f.) 1 0 0 N.Z. Breweries .. . . 2 5 6 J. Staples and Co. .. 1 19 0 — MISCELLANEOUS— Auck. Ajuuse. Park 0 16 10 0 British Tobacco .... 2 18 6 2 Bycroft, Ltd Burns, Philp . . .. — 1 16 6 Checker Taxicab .. 0 19 0 Dominion Pictures 1 0 0 Ditto (pref.) .. .. 1 0 0 Donaghy's Rope 1 15 0 Electro. Zinc (ord.) 1 11 6 1 10 Ditto (pref.) .. .. 1 12 6 1 11 Gear Meat 1 17 0 Grey and Menzies .. 0 12 0 Hamilton Theatres.. 0 18 0 Hill and Plummer Henry Jones Co-op. 1 IS 6 1 17 0 H.M. Arcade (pref.) 1 0 0 Kempthorne, Prosser 1 4 0 Milne and Choyce .. 1 4 ft Ditto (deb. stk.) .. 1 3 6 1 3 0 Murchison Oil (20« paid) 0 15 6 National Pictures . . .0 14 0 12 9 N.Z. Refrig, (con.) 0 8 6 0 7 10 Northern Boot .. .. 0 18 0 Robinson Ice Cream 1 3 0 Sanford, Ltd 1 0 0 0 19 6 Ditto (pref.) . . . . 1 1 0 0 19 9 Taranaki Oil 0 S 6 0 8 0 Thames Theatre .. 1 0 0 Tonson Garlick .. .. 0 10 0 Union Oil 1 G Whittome Stevenson 2 6 Wilsons Cement 1 16 6 1 15 6 MINING — Alburnia 0 3 2 0 3 4 Ballarat (con.) .. .. 0 0 2 — Moanataiari (pd.) . 0 9 0 0 Ditto (con.) . . . . 0 1 Empire Reefs (con.) 0 0 8 Golden Age (paid) . 0 0 Ditto (con.) .. .. 0 0 Kawarau 0 1 0 0 0 Ivomata Reefs .. .. 0 0 3 Kuranui 0 0 6 Lucky Shot (2s pd) 1 0 1 Maoriland (con.) 0 0 10 Majestic 0 0 4 0 0 New Walotahi (4s pd) Ditto (con.) . . . . 0 0 0 0 Occidental - Una (2s paid) 0 1 6 Ditto (con.) . . . • 5 Ohinemuri Waihi (ex div.) 1 1 1 1 Waihl Grand June. 0 1 o 0 AUSTRALIAN— Mount Lyell . . . . — 1 7 0 DEBENTURES — Auck. Gas. 192S. 62 01 0 0 99 0 0 Auck. Harbour Board 85 0 0 Ditto, 5i p.c 97 .0 0 96 0 0 Ditto, 52 p.c 98 Ditto. 6 p.c 101 0 0 City of Auck., 1940. p.c 96 10 0 Ditto, 1943, 5.1 p.c. 9S 0 0 Auck. Electric Power Board . . 98 0 0 Auckland Hospital Board. 52 . . 99 n 0 Bor. Devonport, 6 p.c. 100 0 0 Bor. Hamilton, 62 . . 104 0 0 N.Z. Breweries 1 4 0 1 6 90 0 0 Hamilton Theatres, 7 105 0 0 — GOVERNMENT BONDS War Loan. 1930. 42 97 10 0 Ditto, 1938, 4i . . 97 0 0 96 10 0 Ditto, 1939, 42 .. 96 10 0 Ditto. 1941, 42 . • 97 0 0 Ditto, 1933, 5| . . 100 15 0 Ditto 1936 52 .. 101 5 0 100 15 0 INSCRIBED STOCK War Loan. 1929. 5 . . 98 0 Ditto. 1933, 51. . . . 101 2 10C 15 0 Ditto, 1936. 52 . — 100 15 0