Markets arid Money

Sun (Auckland), Volume I, Issue 214, 29 November 1927, Page 14

Markets arid Money

A Review for Business Men

ON THE ’CHANGE MARKET IN GOOD TONE DEMAND FOR COALS Despite the fact that only limited business is recorded on ’Change the market in several sections has a decidedly tone. In banks, New Zealand’s are active on a firm market. Most other shares in this section are in good tone. Commercials are slightly easier. Coals continue well up in investors’ favour with few sellers on a strong market, and any tendency upward. Timbers and woollens are idle. Miscellaneous shares register little activity and many are neglected. Mining is quiet with practically no movement in the market. Gilt-edged securities continue in good demand on a firm market. SALES REGISTERED Yesterday afternoon’s business:—On ’Change—Auckland Gas, 23s 3d. Reported—Bank of New Zealand, 60s. This morning’s 10 o’clock call: —On 'Change—New Zealand Breweries, 41s 6d. Reported—National Bank of Australia (con.), £8 13s; N.Z. War Loan, 1936, 5h per cent., £lOl 10s. At to-day’s mid-day call:—On ’Change—Taranaki Oil, 11s. Reported— South British Insurance, 575; Milne and Choyce (deb. stk.), 23s 4d; Bank of New Zealand, 60s 6d. MID-DAY QUOTATIONS Closing quotations at to-day’s midday call were:

SOUTHERN EXCHANGES

YESTERDAY’S SALES Press Association. Christchurch: Australian Bank of Commerce, 32s Sd; Christchurch Gas, 24s 6rl Bank of New Zealand (cum div.), 60s New Zealand Refrigerating (£1 paid) Hs (two); New Zealand Breweries. 425.

IN THE MARKET PLACE STONE-FRUIT SEASON OPEN BIG BANANA SHIPMENT M°pts n ° C 5 arC ChCaper ,n the City Apples and Dears are not meet ing with a strong demand. New season’s local fruits ar* coming forward in increasing variety and quantity. M The Tofua from Fiji landed 21 000 of bananas to-day in addition to a <ls*2 consignment of pines and Better quality strawberries are ’ n offered and ample supplies meet with* ready market from about lOd a chin * Gooseberries have apparently bedrock for the season and meet steady sale. w The first of the Thames apricots m a <u their appearance on Friday last within the next week or so. can b peeted in regular supplies. Regular consignments of Grevln*. cherries are now coming forward and red plums ar? also coming in ,I*Z provincial orchards. " Iro ® In the field and garden produce se,-lin» potatoes continue to register a improvement both from the point of of quality and quantity Most other linj. in this section are well supplied Une * Average supplies of eggs meet with . good demand Farmers' butter m 1.,: with a steady sale up to Is Sid alh B Prices under the hammer in the rs> Marts this morning ranged as follow" FRUIT Apples: Sturmers. 9s to 12s a can.. Dougherty. t.s to 10s; ' anadian. 16s to it!' Pears: Nellis and Coles. Ss to W case; P. Barrys. 6s to 10s. - W a Oranges: Rarotongan. 15s to 16s a cawAustralian \ alencia. 12s to 2T> 6d ' Gooseberries: 5s 6d to 6s 6d Loquats: 4s to 6s. Tomatoes: Hotbouse, first grade t. u to is 4d a lb.; seconds. 9d to B is;%.^ Strawberries: lOd to Is 6d a chin Cherries: Grey town. 14s to 15s a css . Ts to'gs; ry ' bS to 7s M a case: Lemons: Local, choice, up to 21s a nnother grades, 6s to 14s. caf * > VEGETABLES Potatoes: Southern, 6s to 7s a cwt • to 2d a lb. Kumaras: Ss to 12s a cwt Pumpkins: Ordinary, IS S to 20s a Onions: 13s to 18s a crate CWL Cabbage: 2s to 5s a sack. Cauliflower: 4s to 13s a sack. Lettuce: 4s to 7s 6d a case Prices of eggs and butter and th« smaller parcelled vegetables w ill be found in the Kit Bag' column on another page PORK FOR EXPORT MARKETING ASSOCIATION ACTIVITIES (from Our On n. Correspondent) HAMILTON, Monday Since it commenced operations a month a £?' , the Zealand Pig Marketing sociation (Incorporated) lias 1,000 pigs, while the numbers coming forward are increasing every week. Thi r . teen dairy companies, including the New Co-cperative Dairy Companv Ltd., are linked up with the association and every effort is being made to indts? producers to take advantage of the facilities offered. The association made its first advance payment, 3d a lb on pork and 2d a lb on baconers, to-day. This, of course, Hill be supplemented later when the final returns for the month’s killings come to hand. Payments will be made once a fortnight m future. COMMONWEALTH LOAN UNDERWRITERS MAY BE SADDLED By Cable. —Press Association.—-Copyright, LONDON, Monday. The “Daily Telegraph” says the underwriters expect to be saddled with from 50 to 70 per cent of the new Commonwealth loan.—A. and N.Z.-Sun. OIL FUEL FROM COAL RESEARCH IN GERMANY By Cable.—Press Association.—Copyright B3RLIN, Sunday. Dr. Bruodkmann, a director of the Mineral Oil and Coal Utilisation Company. in a lecture, said an expenditure of from £ 20,000,000 to £25,000,000 would enable Germany within 10 years to erect a coal-refining plant to fill the annual demand for 2.500,000 tons of motor fuel by the Berguis process, which already had so progressed as to enable 12cwt of motor fuel to be extracted from one ton of coal. The plants for putting out 50.000 tons could be worked to show a net profit of £2 10s a ton. —A. and N.Z. CHICAGO WHEAT By Cable.—Press Association. —Co pyright Reed. 10.55 a.m. CHICAGO, Monday. Wheat.—December, 1 dollar 27 7-8 cents a bushel; March, 1 dollar 31 cents; May, 1 dollar 341 cents. —A. ana N.Z. MINING NEWS KURANUI.—The manager reports: The drive on the leader in the foot wall. oitn main reef has been extended a turi" Bft for the week. In the last WJ* of driving the leader has opened ou little and looks very promising tor ing gold, being not quite so heavny eralised and is incased in a nice country'. The leading stope has ried along a further Bft, and the a that has been broken from here sti very well, but so far no more gol |been seen. TARANAKI OILFIELDS Promt Association. GISBORNE, To-da>-The Taranaki Oilfields port that the Waiapu No. - well:w to a depth of 2,650 fett m grey shale, an 81-inch casing to 2,619 feet. G - day No. 1 well: Testing, water shut om „ Gisborne No. 2 well: Road construe j and preparation of site in hand.

Sellers. Buyers. BANKS— X s. d. x d. Bank of Aust 14 14 Com. Bank of Aust. Eng., Soot. & Aust. 6 Nat. Bank of N.Z. New Zealand . . 0 Ditto (10s. paid) . Ditto (20s. paid) . Union of Australia •. Ditto, new issue .. Ditto (55s paid) .. 6 1 0 17 0 INSURANCE— New Zealand .. .. , South British .. .. 2 17 Standard 3 LOAM AND AGENCI— Abraham and Williams (pref.) .. .. g Farmers' Co-op. Auc. S Ditto A (pref.) .. 0 IS Ditto B (pref.) .. Goldsbrough, Mort . g N.Z. Guar. Coro. .. N.Z. Loan and Merc. 94 0 COAL— Renown (con.) .. .. 3 Hikurangi L0 Ditto (pref.) .. .. g Ditto A (pref.) .. Pukemiro 6 3 0 9 0 Taupiri 6 3 15 10 Ditto (pref.) .. .. Waipa Westport 0 16 0 1 0 1 GAS— Auckland Ditto (con.) .. .. Birkenhead and 0 17 0 0 16 8 Northcote Thames 0 0 16 13 0 0 0 12 0 SHIPPING— Devonport Steam .. Northern Steam Ditto (con.) .. .. a 15 0 6 14 9 P. and O. (def. stk) 270 0 0 TIMBER— Kauri Timber . National .. .. Taupo To Lara .. . Ditto (pref.) .. .. 0 17 0 WOOLLEN— Wellington .. Ditto (pref.) .. . 6 BREWERIES— N.Z. Breweries .. . MISCELL ANEO US— 2 1 0 Auck. Amuse. Park Ditto (pref.) .. .. British Tobacco .. 0 1 16 . 0 9 0 0 0 16 18 12 16 1 0 Burns, Philp & Co. By croft. Ltd. .. 1 18 6 1 6 Checker Taxicab .. * 19 Ditto (con.) .. .. A Colonial Sugar (Aus) 51 g g Dental and Medical Dominion Pictures 0 16 0 0 14 6 Donaghy's Rope Electro. Zinc (ord.) 11 1 13 0 Gear Meat .. Grey and Menzies .. 1 IS Hamilton Theatres Hayward's Pictures 19 1 R n 2 H.M. Arcade Theatre (pref.) 0 Kempthorne Prosser Milne and Choyce . Ditto (pref.) .. .. A Ditto (B. pref.) .. Q , Ditto (deb. stock) l Murchison Oil (20s pd.) 0 3 6 1 0 N.Z. Paper Mills .. N.Z. Refrigerating . 0 Ditto (con.) . . . . 8 8 Northern Boot and Shoe Robinson Ice Cream 1 Sanford, Ltd. .. Ditto (pref.) .. .. Taranaki Oilfields .. Ihames Theatre Tonson Garlick . .. Union Oil .. .. 0 11 6 Wairakei, Ltd 0 10 6 Whittome Stevenson Wilsons Cement 1 15 9 MINING— Alburnia Moanataiari (pd) . ty O Ditto (con.) .. .. 0 1 Golden Age (paid) 0 Ditto (con.) .. .. Kawarau Komata Reefs .. .. 0 6 Lucky Shot (2s pd) 0 1 Maori land Con. (con) 0 1 Majestic New Waiotahi 0 0 3} 0 0 21 (4s paid) Ditto (con.) .. Occidental-Una 0 0 8 0 0 (2s paid) 0 Ditto (con.) .. .. 0 1 9 Ohinemuri 0 6 6 Waihi 1 1 Grand Junction .. .. AUSTRALIAN— 0 1 0 0 9 Mount Lyell .. DEBENTURES — 1 9 3 1 s 3 Auck. Gas, 1D28, 6J Auck. Har. Board, 101 0 0 99 0 0 4 p.c 85 0 0 Ditto, 5i p.c. . .• . . 98 0 0 Ditto, 6 p.c City of Auckland, — 102 0 0 1943, 5i p.c Auck. Hospital Bd. — 98 0 0 61 p.c • .. .. 98 0 0 Bor. of Devonport, o p.c 10C 0 N.Z. Breweries .. .. ] 9 Glaxo =)C 0 0 Ham 'ton Theatres . 105 0 0 — GOVERNMENT BONDS— War Loan, 1930, 41 . 97 0 Ditto, 1938, 4i 96 0 Ditto, 1939, 4i Ditto, 1941, 4i .. .. 9' 0 0 9 b Ditto, 1933, 51 .. Ditto, 1936, Si .. — 100 15 0 INSCRIBED STOCK War Loan. 1929, 5 .. — Ditto, 1938, 41 96 Ditto, 1939, 41 96 Ditto, 1936, Si 101 10 0