Markets and Money

Sun (Auckland), Volume I, Issue 205, 18 November 1927, Page 12

Markets and Money

A Review for Business Men

ON THE ’CHANGE MARKET IN GOOD TONE TARANAKI OILS WEAKER A bright tone prevails on ’Change with, seemingly, more money available for investment in the better classes of securities. Business is not confined to any special section. Mining continues dull and practically idle, and, though certain scrip receives attention, buyers are mostly well below sellers’ ideas of value. In banks. New Zealands maintain a strong tone, with sellers withdrawn at this morning’s calls. Commercials are active on a firm market. Nationals are weaker. , In shipping. Northern Steams have registered greater activity. Kaiapoi Woollens have improved, and sellers at 9s are supported by buyers a *ln the miscellaneous section Tonson Garlicks are receiving more attention, and after a long silence sellers came on the market this morning at 11s Gd to see buyers improve to 10s 9d. Taranaki Oils are weaker with buyers at 10s 3d and no sales over the period. SALES REGISTERED Yesterday afternoon’s business: On ’Change—Wilsons Cement, 36s 9d. Reported—Ohinemuri G.M., 6s sd; South British Insurance, 56s 6d; Northern Steam (con.), 6s 8d; ditto (ord.), 14s sd. At this morning’s 10 o clock call: On ’Change—Auckland Amusement Park, 16s 6d. Reported—Waipa Collieries, 15s lOd; Sanford (pref.), 20s 9d; Northern Steamship (ord.), 14s 6d. At to-day's mid-day call: —On 'Change—Commercial Bank of Australia, 29s Id (2 parcels); City of Auckland, 1934, 5 per cent, debentures, £94 10s. Reported—Commercial Bank of Australia, 29s 2d; National Mortgage and Agency, 72s 6d; Lucky Shot, Is sd. MID-DAY QUOTATIONS Closing quotations at to-day’s mid-

IN THE MARKET PLACE DEARER STRAWBERRIES FIRST OF THE CHERRIES Strawberries were dearer in the marts to-day in spite of the fact that there were large supplies forward. Cherries made their appearance and met with good demand. With the special strawberry sales and increase of local fruit generally a livelier tone is registered in the city fruit and produce marts. - _ Strawberries came forward in iar-,e quantities to-day, but there was an increased demand, and prices firmed od to 6d \ a limited quantity of Grey town strawberries were available this morning, ana these sold in the vicinity of Is od a chip for not the very best quality. Hothouse tomatoes were dull of sale and the market decidedly easier. A fresh shipment of Australian fruit next week is expected to include cherries, and in all probability the first of this season’s plums will also come to hand. The demand for oranges is easier. Bananas are making better money and meeting with a fair demand. In the field and garden produce section ample supplies of most vegetables meet with a ready sale and prices for the most part are unchanged. Eggs and farmers’ butter continue well supplied, with prices at late rates. Good quality poultry meets with a ready sale at prices showing little alteration from late sales. - ._ Prices under the hammer at to-da> s auctions in the city marts ranged as follows: — _ FRUIT Apples.—Sturmers, 11s to 13s a case; Dougherty, 6s 6d to 10s 6d; Canadian, las Spears. —Nellis and Cole (repacked!, 10s to 14s a case; P. Barrys, 7s to 10s. Oranges.—lsland, 18s to 21s a case, Australian Valencian, ISs to -6s. Demons. —Docal fresh, 6s to los a case; cured, 12s to 16s. Tomatoes. —Hothouse, lOd to Is 4d a lb; Cook Island, 10s to 14s a case. Gooseberries. —7s 6d to Ss 6d a case. Doquats.—4s to 6s a case. Grapes.—Californian, 39s to 40s a case. Bananas.—l6s to 28s a case. Strawberries. —Is 6d to 2s a chip. Pines. —Fiji, 5s to 9s a case. Grey town Cherries. —18s a box. VEGETABLES Potatoes. —Southern, 8s 6d to 10s 6d a cwt; new, l|d to 2jd a lb. Kumeras. —6s to 10s a cwt. Pumpkins.—los to 20s a cwt. Swedes. —2s to 2s 6d a bag. Onions. —17s to ISs a crate. Cabbage.—4s to 5s a sack. Cauliflower. —5s to 10s a sack. Dettuce.—ls to 5s a case. POULTRY Hen and ducklings, 13s to 19s each. Ducklings.—ls to Is Bd. Hen and chickens.—l2s to 16s. Day-old Chicks. —9d to Is 2d. Cock Chicks, White.—4d to 9d. Cock Chicks, Heavy Breeds. —9d to ±s. Cockerels, Heavy, Prime.—Bs to 10s; lighter, 6s 6d to 7s 6d; light, 4s 9d to 5s 9d. . , _ . Hens, Heavy.—4s 9d to 6s; lighter, 5s to 4s. Roosters. —2s 6d to 3s 6d. Ducks. —3s to 3s 6d. Young Ducks. —5s 6d to 6s. Drakes. —3s to 3s 6d. Muscovy Drakes. —5s Id to 6s od. Muscovy Ducks.—ss to 5s 9d. Young Drakes. —3s 6d to 5s 6d. Goblers. —14s to 21s. Turkey Hens.—7s 6d to 11s. PIGS Weaners.—lss to 20s each. Stores. —25s to 30s. Slips.—2os to 255. Prices of eggs and butter and smaller parcelled vegetables will be found in the “Kit Bag” column on another page. DECREASE IN TRADE AMERICA TO DOMINIONS GREAT MOTOR MARKET By Cable.—Press Association. — Copyright. WASHINGTON, Wednesday. The trade of the United States with Australia and New Zealand and adjacent islands has decreased by 9 per cent, for the first nine months ©f 1927, compared with the corresponding period of 1926. The Department of Commerce announces that the trade amounted to £38,638,200, of which £30,923,000 represented the trade with Australia only. In spite of the decrease, Australia continued to hold the first place in the foreign markets for American motorcars, and the third place ip. the consumption of motor spirit. Australia surpassed other foreign countries in her purchases of American machinery. She imported 55,388 motor-cars, valued at £7,200,000, and more than £3.000,000 worth of parts and accessories.—A. and N.Z. MELBOURNE HIDES SALES By Cable. —Press Associatio7i. — Copyright. MELBOURNE, Thursday. At the Melbourne hides sales to-day the market was strong and values were generally one-eighth to one farthing dearer.—A. and N.Z. AUSTRALIAN PRODUCE By Cable.—Press Association. — Copyright. SYDNEY, Thursday. The folio-wing are to-day’s quotations on the Sydney produce market:— Wheat. —At country stations, 4s Bid; ex truck, Sydney, 5s 4d. Flour. —Local, £l4 os; for export, £l2, f.o.b. Bran. — £7. Pollard. — £7 10s. Oats. —Tasmanian Algerian, 5s 3d; white, 4s 9d. Maize.—Yellow, 4s 9d to ss. Potatoes. —Tasmanian, £3 10s to £5; local, new, £ll. Onions. —Victorian, £6 to £9. Adelaide prices are:— Wheat. —Growers’ lots, old, 5s 4d to 5s sd; new, 5s Id to 5s 2d. Flour. —Bakers’ lots, £l3 12s Sd. Bran. — £7'lss. Pollard. — £7 7s 6d. Oats. —-1 STone offering. —A. and N.Z. CALCUTTA TEA SALES By Cable. —Press Association. — Copyright. CALCUTTA, Wednesday. At the Calcutta tea sales to-day demand was less keen, except for good liquoring sorts, which maintained the previous week’s values. Poor and medium descriptions -declined three pies, and dusts advanced one to two annas. Average prices:—Common Pekoe and Souchong, 13 annas 6 pies, to 13 annas 9 clean common broken Pekoe and Souchong, 14 annas 6 pies to 14 annas 9 pies; even black leaf Pekoe, 14 annas 6 pies to 15 annas.—A. and N.Z. MINING NEWS WAIHI. —The following information has been cabled to London:—The No. 7 level of the north branch of the Martha lode, situated at 327 feet north-west of the No. 2 shaft, has been driven on to the west 47 feet. The assay value is 20s 6d a ton, and the lode is about 3 feet wide. In the No. 13 level of the Empire lode, driving west the next 12 feet assays 23s 6d a ton. At 50 feet the lode is 8 feet wide, with an assay value of 9s 3d a ton. The No< 3 diamond drill hole is now in 398 feet in hard andesite.

day call were: — Sellers. Buy era. BANKS— £ ». d. £ s. d. Bank of Aus — 14 10 0 Com. Bank of Aust. 1 9 4 1 9 o . Eng., Scot and Aust. 7 14 0 National of N.Z. .. 6 17 6 6 lb 6 Nat. Bank of Aust. (con.)) 8 12 0 New South Wales . 44 10 0 New Zealand . . .. — 2 18 9 Ditto (10s paid) .. — 0 16 0 Ditto (20s paid) .. — 1 6 0 Union of Aust. — 13 18 0 Ditto, new issue . — 13 14 0 INSURANCE— National 4 0 0 3 18 0 New Zealand .. . . 1 19 0 South British .. . . 2 17 2 16 3 Standard — 3 1 0 LOAN AND AGKNCf^Abraham and Williams (pref.) .. .. — 4 2 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 2 8 3 2 7 0 National Mort. 3 14 6 3 10 0 Newton King (pref.) 0 12 6 N.Z. and River Plate 1 7 ft N.Z. Loan, Merc. .. 98 0 0 94 0 0 Ditto (pref.) •• .. — 80 0 4> COAL— Renown (con.) .. .. 0 9 ft 0 8 3 Hikurangi 0 3 4 0 3 0 Ditto (pref.) .. .. 0 6 10 0 6 V Ditto A (pref.)) . . 0 6 0 ft 5 6 Pukemiro — 3 0 0 Taupiri —. 1 6 0 Ditto (pref.) .. .. — 1 3 0 Waipa 0 16 0 0 15 10 GAS— Auckland 1 3 3 1 2 10 Ditto (con.) .. .. 0 17 0 0*16 6 SHIPPING— Devonport Steam . 1 4 0 1 3 0 Huddart-Parker 2 7 3 Northern Steamship 0 14 3 Ditto (con.) .. .. 0 6 10 0 6 8 P. and O. (def. stk) 270 0 0 — TIMBER— Kauri Timber .. .. 1 3 9 1 2 6 National 0 12 6 — Taupo Totara ., .. 0 16 0 — Ditto (pref.) .. .. 0 17 0 — WOOLLEN— Kaiapoi .. .. «. . . 0 9 0 ft 8 0 Wellington — 6 2 0 Ditto (pref.) .. ,. — 6 3 0 BREWERIES— C. L. Innes (pref.) 1 0 0 N.Z. Breweries . . .. 2 4 6 J. Staples and Co. .. l 19 0 MISCELLANEOUSAuck. Amuse. Park 0 36 8 0 16 5 Ditto (pref.) .. .. 1 0 6 — British Tobacco 16 6 15 0 Bycroft, Ltd. 1 9 3 Checker Taxis .. .. 0 19 0 Colonial Sugar (Aus.; 53 7 6 Dominion Pictures . 1 0 0 Ditto (pref.) .. .. 1 0 0 Electro. Zinc (pref.) 1 12 9 1 11 6 Gear Meat l 18 6 Grey ,Ahd Menzies . 0 13 ft Hamilton Theatres . ft 17 6 HayWaroTi Pictures 0 18 0 0 16 9 Hill ani liammer .. 1 2 3 H.M. /tread© (pref.) 1 0 0 Kempthorne-Prosser 3 5 0 — Milne knd Choyce .. 1 4 0 DiUp (pref.) .. .. 1 4 0 Dittfc <T“B” pref.) 1 4 0 Murchistpn Oil (20s paid) T 1 0 ft N.Z. Farmers’ Fer. 10 ft N.Z. Refrig, (con.) 0 8 6 0 7 9 Northern Boot and Shoe 0 18 0 Robinson Ice Cream 1 3 0 Sanford Ltd 1 0 6 0 19 6 Ditto (pref.) .. .. 1 1 0 1 0 6 Taranaki Oilfields . . 0 11 6 0 10 3 Thames Theatre 1 0 ft Tonson Garlick .. . . 0 11 6 0 10 9 Union Oil 2 0 6 Wairakei, Ltd. ft 8 0 Whittome Stevenson 2 6 0 6 Wilsons Cement — 1 16 6 MINING— Alburnia ft 2 2 0 1 1ft Moanataiari (pd.) .. ft 2 0 2 2 Ditto (con.) .. .. ft 1 3 0 0 10 Empire Reefs (con.) 0 0 8 Golden Age (pd.) .. 0 0 2i Ditto (con.) .. .. ft 0 2 Kawarau 0 1 ft 0 0 6 Komata Reefs .. .. 0 0 3 Kuranul .. . .. .. 0 0 6 Lucky Shot (2s pd.) 0 1 6 0 1 4 Majestic 0 0 4 0 0 2i New Waiotahi (4s paid) — 0 ft 9 Ditto (con.) © 0 9 0 0 7 Occidental-Una (2s paid) 0 1 11 ft 1 8 Ditto (con.) .. .. ft 1 8 ft 1 6 Ohinemuri ft 6 6 ft 6 Waihi 1 1 8 1 1 4 Wahihi Gr. June. .. 0 I 6 — AUSTRALIAN — Mt. Lyell 1 s 6 1 7 9 DEBENTURES— Auck. Gas, 192S, 65 101 0 0 99 0 0 Auck. Har. Board, 4 p.c 85 ft ft Ditto, 5s p.c. 98 0 0 Ditto, 6 p.c 101 0 0 City of Auckland, 1940, 51 p-c 0 ft Ditto, 3943. 55 p.c. 98 0 0 Auck. Elec. Power Board 98 0 0 Auckland Hospital Board, 55 p.c. .. 99 0 0 Bor. of Devonport, 45 p.c 92 0 Ditto, 6 p.c 100 0 o N.Z. Breweries .. .. 1 1 3 6 Glaxo 90 0 0 Hamilton Theatres . 105 0 — GOVERNMENT BONDS— War Loan, 1930, 4) , — 97 12 6 Ditto, 1938, 4) .. 97 0 ft 96 10 0 Ditto, 1939, 45 . . 97 0 ft 96 10 0 Ditto. 1941. 4, .. 9T 0 0 Ditto, 1933, 55 • - — 101 ft 0 Ditto, 1936. 35 . . — 101 0 0 INSCRIBED STOCK War Loan. 1923. S — 98 5 0 Ditto, 1339, 41 .. 96 10 0 Ditto, 1938, 41 96 10 0 Ditto, 1933, 55 .. — 101 0 0