Markets and Money

Sun (Auckland), Volume I, Issue 202, 15 November 1927, Page 12

Markets and Money

A Review for Business Men

ON THE ’CHANGE HEALTHY BUSINESS TARANAKI OILS FIRMER Taranaki Oils improved again this morning from a sale yesterday afternoon at 10s 3d to be done at 11s at the early call. The call closed with buyers offering 11s, but at mid-day the market moved back to buyers 10s 9d, sellers 11s 6d. Business in most sections is quiet, but there is a healthy tone on the market, and most quotations remain unaltered. In coals, Pukemiros continue to meet with a firm demand and were done this morning at 60s. New Zealand Breweries (debentures) are active and sales are reported at 23s Bd. Mining continues weak and practically idle. Banks are in good tone, with a firm demand for Commercials of Australia and New Zealands. The market for gilt-edged securities is practically unchanged, with more buyers than sellers. SALES REGISTERED Yesterday afternoon’s business.—On ’Change: Bank of New Zealand, 58s 3d; Union Bank (rights), 535; New Zealand Breweries (deb.), 23s Bd. Reported: Auckland Gas (ord.), 22s lOd; Hayward Pictures, 16s 9d; Taranaki Oils, 10s 3d. At this morning’s 10 o’clock call.— On 'Change: Taranaki Oils, 10s 9d, 11s (2 parcels). At to-day’s mid-day call.—On ’Change: South British Insurance, 565; Auckland Amusement Park, 16s 6d. Reported: Pukemiro Collieries, 60s; Devonport Steam Ferry, 23s 6d; New Zealand Breweries (deb.), 23s Bd. MID-DAY QUOTATIONS Closing quotations at to-day’s midday call were:

IN THE MARKET PLACE CABBAGES OVER-SUPPLIED CHEAPER BANANAS Special sales of strawberries are now held in the city marts every mornin'g. The Waipahi arrived from Fiji today with a consignment of fruit, consisting chiefly of bananas. Increased activity is now being registered in the marts, and the early sales of strawberries attract bigger attendances. These berries are now coming forward in greater quantities, and the prices range from about lOd to Is 6d a chip. t Supplies of gooseberries have fallen off slightly, and the price has firmed temporarily. The market for bananas is easier at the moment than has been the case for some time. In the field and garden produce section, cabbages and rhubarb are oversupplied. Potatoes continue to improve in quantity and quality, but it is expected that it will be some weeks yet before the price will make the tubers ch|ap buying for the average housewife. The market for eggs continues firm, with little indication of any immediate weakening. Prices under the hammer in the City Marts to-day ranged as follow: — FRUIT Apples: Sturmers, 11s to 14s 6d a case; Dougherty, Ss to 11s 6d; Canadian apples, 20s to 21s. Pears: Nellis and Cole (repacks), 12s to 15s a case; P. Barrys, 9s to 11s. Oranges: Rarotongan, 20s to 21s 6d a case; Australian Valencias, 17s to L6s; Australian common, 12s to 15s. Lemons: Local fresh, 6s to 16s a case; local cured, 15s to 20s. Tomatoes: Hothouse, Is to Is 6d a lb; Rarotongan, 14s to 16s a case. Tree tomatoes (scarce), 7s to 11s a case. Gooseberries, 7s to 8s 6d. Loquats, 4s to 6s 3d. Grapes: Californian, in kegs, 355. Bananas: Repacked, ripe, 15s to ISs a case; seconds, 8s to 10s. Strawberries, lOd to Is sd. VEGETABLES Potatoes: Southern, 10s to 11s 6d a cwt; new, ljd to 21d a lb. Kumeras: Tauranga, 10s 6d to 12s 6d a cwt; Island, 9s to 10s 6d. Pumpkins: Ordinary, 15s to 25s a cwt. Swedes, 2s to 2s 6d a bag. Onions, 17s to 19s a crate. Cabbages, Is to 6s a sack. Cauliflower, 3s to 7s 6d a sack. Lettuce, 2s to 5s a case. Rhubarb, 2s to 4s a dozen. Spinach, Is 3d to Is 8d a dozen. Prices of butter and eggs and smaller parcelled vegetables will be found in the Kit Bag column on another page. TARANAKI OILFIELDS Press Association. GISBORNE, To-day. The Taranaki Oil Fields Ltd., report that the Waiopu No. 2 well is. down to a depth of 2,540 ft in grey shale with a B|in diameter casing to 2,516 ft. The Gisborne No. 1 well is down to a depth of 1,480 ft in blue sandy shale, with a lOin diameter casing to 1,460 ft. AUCTION NOTICES Messrs. Rutherford, Robinson and Austin will sell by public auction at their rooms, Lister Buildings, Victoria Street East, on behalf of the Public Trustee, in various estates, approximately two acres of land at Otahuhu frontage to Station Road, vacant section adjoining the corner of the Great South Road and Portage Street, and a property comprising a four-roomed dwelling recently renovated, frontage to Felix Road and May’s Road. The sale of these properties will be held on Friday, November 25, at noon.

KAURI GUM PRICES OFFICIAL QUOTATIONS Prices obtained for kauri gum during the fortnight ended November 14 are reported by the Kauri Gum Control Board as follow:—White Gum. —Re-scraped, white, 240 s to 2605; 7-8 scraped, white, 150 s; 2 scraped, white, 115 s to 120 s; superior, ordinary, 100 s; ’fair, ordinary, 70s to 755; washed nuts, 65s to 70s; chips and dust, 25s to 40s. Black Gum. —2 scraped, black, 120 s; washed steel, 75s to 80s; light brown, 50s to 68s; ordinary black, 34s to 38s; good chips, 245; poor chips, 12s to 17s. Chalk Gunn. —Hearty swamp, 34s to 40s; chalk, good, 30s to 325; chalk, poor, 26s to 28s. MINING NEWS OCCIDENTAL UNA. —The manager reports: “The crosscut to intersect the No. 1 reef has been advanced eight feet for the week. The country is still good, of a hard nature, and first class for making gold. The qiAirtz we cut in the rise is only a portion of the No. 1 reef, but the main portion, which is in the footwall, should be at hand this week. Stoping operations have been started on the dropper and the quartz broken shows nice dabs of gold.” ALBURN I A. —The manager reports:— “Driving north on the dropper has been extended from 30ft. to 40ft. The leader here is now slightly smaller, its average width being absut 18 inches. The general indications here indicate that good values may be met with, some of the quartz broken showing arsenical pryirtes. Driving south on the ‘Sons of Freedom’ has been continued, the distance driven for the week being 10ft., making a total distance of 34ft to date. We are now carrying the footwall portion and centre rib of the reef in the drive. The footwall portion continues to be about 12 inches in width, the centre rib being from Gin. to 9in. A little gold is still seen in the footwall at each breaking down. The hanging wall portion which is left on the western wall is a nice compact body of ore about 15 inches wide, and we anticipate that as the drive advances south this will junction with the ore bodies we are driving on.” Butter and Cheese. —Joseph Nathan and Co., Ltd., report receipt of a cable from their London principals reading as follows: “Butter, 174 s to 1765; market firmer. Cheese, 98s; market quiet.”

Sellers. Buyers. BANKS—■ £ a. d. £ s. d. Bank of Aus 14 10 0 Com. Bank of Aus. 1 9 6 1 9 0 Nat. of N.Z 6 18 6 New South Wales . . 44 15 0 44 5 0 New Zealand . . .. 18 9 2 18 3 Ditto (10s pd.) .. 0 16 0 Ditto (20s pd.) .. — 1 6 0 Union of Aust. (rights) — 2 12 6 INSURANCE— National 4 0 0 New Zealand .. .. 1 19 3 2 18 9 South British 2 16 6 2 15 6 Standard — 3 1 0 LOAN AND AGENCY— Abraham and Williams 4 10 0 Ditto (pref.) .. .. 4 6 Farmers’ Co-op. Auc. 3 5 0 Ditto A (pref.) .. 0 18 0 0 16 9 Ditto B (pref.) .. 0 14 9 Goldsbrough Mort . 7 0 Newton King (pref.) 0 12 6 u 10 0 N.Z. and River Plate 1 8 0 1 7 0 N.Z. Loan, Merc. .. 94 0 0 Ditto (pref.) .. .. — 80 0 0 COAL— Renown (con.) .. .. 0 8 9 0 8 0 Hikurangi 0 3 4 0 2 9 Ditto (pref.) .. .. 0 6 10 0 6 4 Ditto (A pref.).. 0 6 0 0 5 3 Pukemiro 3 3 0 2 19 0 Taupiri 1 b 0 Ditto (pref.) .. .. 1 3 0 Waipa .. .. •• .. 0 16 0 0 lb 9 GAS— Auckland 1 2 10 1 2 9 Ditto (con.) .. .. 0 17 0 0 16 6 Birkenhead and Northcote 0 16 0 — SHIPPING— Devonport Steam .. 1 4 0 1 3 3 Huddart-Parker 2 7 9 2 7 3 Northern Steamship 0 14 6 0 14 0 Ditto (con.) .. .. (J 6 10 0 6 7 P. and O. (def. stk) 270 0 0 — TIMBER— Kauri Timber .. .. 1 3 6 — National 0 12 0 — Taupo Totara .. .. 0 16 0 — Ditto (pref.) .. 0 17 0 — WOOLLEN— Kaiapoi 0 S 0 — Wellington — 6 2 0 Ditto (pref.) .. .. — 6 2 6 BREWERIES— C. L. Innes (pref.) 1 0 0 J. Staples and Co. .. 1 19 0 — MISCELLANEOUS— Auck. Amuse. Park ft 16 9 0 16 0 British Tobacco 19 Burns, Philp .. .. 1 16 6 By croft, Ltd 1 10 0 Checker Taxis .. .. 0 19 0 Colonial Sugar (Aus.) 54 0 0 52 10 0 Dominion Pictures 1 0 0 Ditto (pref.) .. .. 1 0 0 Electro. Zinc (pref.) 1 12 9 Gear Meat 1 18 6 Grey and Menzies . 0 12 0 Haywards’ Pictures 0 18 ft 0 16 6 Hamilton Theatres .. 0 18 0 Henry Jones 1 18 3 Hill and Plummer .. 1 2 3 H.M. Arcade (pref.) 1 0 0 Milne and Choyce .. 1 4 0 Ditto (deb. stck.). 1 3 6 Murchison Oil (20s paid) 1 0 0 N.Z. Farmers* Fer. 3 12 0 3 5 0 N.Z. Paper Mills .. 0 1/ 0 Northern Boot and Shoe 0 18 ft Robinson Ice Cream 1 3 0 Sanford, Ltd 1 0 6 0 19 6 Ditto (pref.) .. .. 1 0 9 1 0 Taranaki Oilfields . . 0 11 6 0 10 9 Thames Theatre 1 0 0 Tonson Garlick .. .. 0 10 0 Union Oil 2 0 0 Wairakei, Ltd. 0 8 0 Whittome Stevenson 2 6 0 2 3 6 Wilsons Cement 1 17 0 1 16 3 MINING— Alburnfa 0 2 5 0 9 Ballarat (con.) .. . 0 0 2 __ Moanataiari (pd.) .. 0 2 0 2 Ditto (con.) . . . . 0 1 0 0 ioi Empire Reefs (con.) 0 0 8 Golden Age (pd.) . . 0 0 21 Ditto, (con.) .. .. 0 0 2i Kawarau ft 1 0 0 0 6 Komata Reefs .. .. 0 0 3 Kuranui 0 0 6 Lucky Shot (2s pd.) 0 1 6 0 1 4 Maoriland (con.) . . 0 0 8 Majestic 0 0 4 0 0 2i New Waiotahi (4s paid) .. .. — 0 0 9 Ditto (con.) 0 0 9 0 0 7 Occidental-Una (2s paid) 0 1 11 0 1 8 Ditto (con.) . . .. 0 1 8 0 1 6 Ohinemuri 0 6 9 0 6 4 Waihi 1 1 S 1 1 4 A U STRALIAN— Mount Lyell .. — 1 7 3 DEBENTURES— Auck. Gas, 192S. 64 101 0 0 Auck. Har. Board, 4 P-c So 0 0 Ditto, 5J p.c 97 10 0 Ditto, 5J p.c. 98 0 0 Ditto, 6 p.c 101 0 City of Auckland, 1940. 5£ p.c 95 0 0 Ditto, 1943, p.c. 98 0 0 Auckland Hospital Board, 5£ p.c. 99 0 0 Bor. of Devonport, 41 P-c 92 0 0 Ditto, 6 p.c 100 0 0 N.Z. Breweries . . . . 1 11 1 3 6 Glaxo 90 0 0 Hamilton Theatres 105 0 0 — GOVERNMENT BONDS— War Loan, 1930, 41 97 12 6 Ditto, 1938, 4i 97 ft 0 96 7 6 Ditto, 1939, 4i 97 0 0 96 7 6 Ditto, 1941, 4i .. 97 0 0 — INSCRIBED STOCK— War Loan, 1929, 5 PS 6 0 Ditto, 1938, 4} 96 7 6 Ditto, 1939. 4£. 96 7 6 Ditto, 1927-41, 99 6 0 —