Markets and Money

Sun (Auckland), Volume I, Issue 222, 8 December 1927, Page 14

Markets and Money

A Review for Business Men

ON THE ’CHANGE

BUSINESS QUIET

MINING DEPRESSED Business on the ’Change is quiet with little business of any import recorded. Banks and insurance shares are quiet, but quotations are mostly unchanged. In coals, a steady demand exists for most shares with Hikurangis still registering an upward tendency . Wilsons Cement continue to improve and buyers were in at 37s 6d at mid-day, with sales reported at that f ' K ;\nning lacks buoyancy, and little confidence is held in reports from the mines. The market is depressed and many shares register a downward tendency. Waihis and Mount Lyells are firm. SALES REGISTERED Yesterday afternoon’s business. —On •Change: Hikurangi Coal (ord.), 3s 8d; Waihi Gold Mining, 22s 7d. Reported: Waihi Grand Junction, is Id. At this morning’s 10 o’clock call. — On ’Change: Wilsons Cement, 37s 6d; Lucky Shot, Is 4d. Reported: Mount Lyell, 28s 9d. At to-day’s mid-day call.—Reported: Lucky Shot, Is 4d; Mount Lyell, 28s 9d. MID-DAY QUOTATIONS Closing quotations at to-day’s midday call were:—

ADDINGTON STOCK VALUES

SHEEP MARKET IRREGULAR CHRISTCHURCH, Wednesday. There were smaller yardings of fat cattle and fat sheep and a rather larger entry of fat lambs at Addington compared with the previous week. All classes of fat cattle showed a decline in prices. The fat lambs sale opened at a decline of Is per head, but afterwards made a recovery, although the market on the whole was not up to last week’s level. The fat sheep market was irregular and prime sheep rarely maintained the previous week’s values. Store Sheep.—The small offering consisted mostly of wethers which met with good sale. Two-tooth shorn wethers made j 20s 7d to 235; two and four-tooth wethers, 23s 4d; four-tooth wethers, 21s to 23s 2d; four, six and eight-tooth wethers, 21s 3d to 24s 2d; aged crossbred ewes and lambs, 23s 4d: aged halfbred ewes and lambs, 16s 6d to 20s lid; woolly crossbred ewe hoggets, 34s Bd. Fat Lambs. —The yarding totalled 909, compared with 784 the week before. Prime quality made up to 9d to 9Jd a lb. over all. Extra prime heavy lambs brought up to 33s 9d; prime, 28s to 32s 7d; medium lambs, 26s to 27s 7d; light and unfinished, 24s to 25s 7d. Fat Sheep.—The yarding was somewhat smaller than the week before. There was a fair proportion of prime sheep, including North Island consignments and a line of Chatham Island sheep. Extra prime wethers made up to 45s Id; prime wethers, 34s 6d to 38s 6d; medium wethers, 30s to 345; light wethers, 25s Id to 295; extra prime ewes, to 39s lOd; prime ewes, 31s to 35s 6d; medium ewes, 26s to 29s 6d; light ewes, 20s Id to 25s 6d. Fat Cattle.—The yarding totalled 580, against 640 last week, and the quality was mixed. The sale showed a further decline in values equal to about 2s to 3s a 1001 b. on the average. Prime handyweight steers and heifers sold up to 39s to 41s a 1001 b.; prime, 36s to 38s; heavyweight, 30s to 345; young cow beef, 28s to 31s. Extra prime steers made up to £l9 7s 6d; prime heavy steers, £ls to £l7; medium-weight steers, £l3 10s to £ls; light steers, £7 15s to £l3; extra prime heifers to £l2 17s 6d; prime heifers, £ll to £l2 ss; medium heifers, £8 to £lO 15s; light heifers, £6 15s to £7 15s; extra prime cows, £l3 17s 6d; prime cows, £lO to £11; medium cows, £7 5s to £9 10s; light cows, £3 15s to £7. Vealers.—A better sale resulted for better sores. Twelve to 18-months sorts sold up to £7; good vealers, £4 10s to £5 10s; medium vealers, £3 7s 6d to £4 7s 6d; others, 10s to 355. Store Cattle.—There was a good demand for all sorts. Best cows made £3 10s to £5 ss; medium, £2 5s to £3 7s 6d; bulls, £3 to £9 ss. Dairy Cows.—A good sale, especially for better sorts. Best second, third and fourth calvers brought £9 to £l2 ss; others, £5 to £8; springing heifers, £7 15s to £11; cows in profit, £2 5s to £5. Fat Pigs.—The entry was smaller than last week and values were on par with last week. Choppers realised 35s to 60s; light baconers, 55s to 655; heavy baconers, 70s to 80s (average price per lb., 5d to 6d): light porkers, 33s to 38s; heavy porkers, 41s to 53s (average price per lb.. 6d to 7id). Store Pigs.—Prices again showed a decline. Medium weaners brought 9s to 14s; large weaners, 15s to 17s 6d; slips, 15s to 19s: medium stores, 19s to 245; large stores, 25s to 335. SOUTHERN EXCHANGES YESTERDAY’S SAtES Wellington.—4J per cent, stock, 1939, £97; 5i per cent. Wellington Harbour Board, 1940, £9B; New Zealand Breweries, 44s 6d; 4i per cent, stock, 1938, £97. Christchurch.—National Bank of Australasia (£5 paid), £8 7s 3d; National Bank of New Zealand, £6 16s 6d; New Zealand Refrigerating (con.), 8s 7d (four); New Zealand Breweries, 45s (three); Electrolytic Zinc (pref.), 31s lid; Bank of Adelaide, £8 12s 6d; Mount Lyell, 28s 6d. 28s 7d; Waihi, 22s 6d (two); New Zealand Drug Co., 66s 9d. Dunedin.—English, Scottish and Australian Bank, £7 13s; Broken Hill South, 47s 6d; Waihi Grand Junction, Is 2d; New Zealand Refrigerating (con.), 8s 9d. CHICAGO WHEAT By Cable. — Press Association. — Copyright. Reed. 9.40 a.m. CHICAGO, Wed. Wheat.—December, 1 dollar 29 3-8 cents a bushel; March, 1 dollar 323 cents: May, 1 dollar 34 5-8 cents.—A. and N.Z. MINING NEWS ALBURN I A.—The manager reports as follows; “Driving has been continued on the dropper, the distance driven for the week being 14 Teet, making a total distance of 79 feet from the crosscut going north. The leader is maintaining its size, about 18 inches, and is again showing a little fine grained antimony in the ore broken and the general appearance of the reef is good. The distance driven south on the “Sons of Freedom” reef was 11 feet, making a total of 59 feet to date. The two leaders previously reported which we were driving on have come together and formed one body of ore three feet wide. The ore continues to show a little gold. A few coarse blotches were seen in the last breaking down and in this face there are all the indications for making good values.” HAURAKI.—The manager reports as follows: “The Hauraki shaft is now 48 feet below the 400 foot level and the penthouse doors are in place. Everything is in good working order. The country rock continues of the same favourable nature. The cross reef, which has been in the shaft since commencing from the 800-foot level, has dipped to left-hand corner on the chamber end of the shaft and will be right out when the next set is in position. The drive on the reef in the seaward face of the 400-foot level has been advanced to within 7 feet of the estimated position of its junction with the Green Harp reef; no reef has been taken down for the week. The crosscut toward the Hauraki North section has been advanced to a total distance of 309 feet from the new reef. The country rock is similar to that where the gold was got in the new reef, and should a reef be met with the indications are favourable for gold. The distance driven by this company is 83 feet. All the machinery about the mine is working smoothly and the pumps are easily coping with the water flow, which is decreasing with the drier weather.”

STOCK MARKET REVIEW

HEAVY LAMB KILLINGS

MORE EWES OFFERING Throughout the whole of the North Island the fat lamb season can be said to be in its flush, and in most parts the daily killings are well up to the average of the best previous years. There has been no change in the actual price on the hooks at the various works over the week, though this, in many districts, accounts for only a small percentage of the business, as there has been a considerable amount of buying on the feet. An indication as to how the price must vary is given by the fact that some of the Auckland butchers have been selling lamb at as low as 9d a lb. Whether this has been of the j “sprat to catch a mackerel” sort of trade, of course, has to be considered, but at present prices even at that figure there must be a profit. Prices quoted at Westfield yesterday afternoon for stock on the hooks at the Auckland works are as follow: — Lambs— Up to 361 b.. 82d. 371bs to 421b5.. BJd. Over 421b5., Bd. Seconds, BJd. Beef— Prime ox. 27s 6d. Prime cow, 20s. CHOICE WAIKATO DRAFTS Farmers from all parts are sending lambs forward as soon as they become available, and some particularly choice lines have been seen on the way to the works over the week. One of the best lines of fat stock seen for some time passing through the Waikato was a line of 1,900 Southdown lambs and 100 bullocks from Te Mimi station, which left Cambridge by special train for the Westfield works early this week. In all the consignment occupied 35 trucks. From Tirau comes a report of a considerably larger cut of lambs, which went forward to the Westfield works this week from the one property. The line referred to comprised 2,800 Border Leicester lambs on account of H. and T. Bayly, Okoroire. In all parts the trend Is to get the lambs into the works as soon as they become prime, and in the Auckland district especially, with the recent spell of dry weather, no time has been Wasted once it is thought that a line is ready for the drafter. HEAVY EWE OFFERING Speaking of dry weather brings to mind the fact that Westfield yesterday saw what must have been one of the biggest yardings of fat sheep seen there this season. In all there were five—for Westfield —well-filled, rows. In the aggregate there must have been well over 2,000 sheep forward. Big-framed prime wethers comprised only a very small portion of the offering and old ewes were well to the fore. To a large extent such a large offering of fat sheep can only be accounted for by the fact that farmers, with the spell of sunshine, are becoming alarmed as to pastures holding out, and are sending their stock forward in larger numbers. Again, it is evident that many holders are getting rid of their cull ewes through the fat pens now that they have got the lambs away. For the most part the ewes are well finished, though in a number of cases there is a tendency to allow them to become too fat for beef butchers’ purposes. This, especially with ewes, is a fatal mistake, and undoubtedly has an unfavourable effect on the price. SHEEP EASIER AT WESTFIELD Prices in the sheep pens were erratic and while in some isolated instances lines made up to last week’s parity, there was a decided weakening in the market, with as much as 3s difference in many instances. This was especially noticeable at the earlier part of the sale. Ideas of value throughout were most irregular. In the sheep pens one export buyer was noticed operating cautiously on some of the pens of lighter ewes, and a few lots were noticed to go his way. An indication of the market can be taken from the fact that one pen of rather choice heavy ewes went to an exporter at a price which would work out at well under 4d a lb. BIG SHEEP NOT SOUGHT Business in bigger shefep Tor freezing is not sought at the moment. Export prices for the Auckland Province, if there are any, are not advertised, and it is not expected that any quantity of this class of meat will be handled until the beginning of the new year. In the Poverty Bay district, where export prices are generally a little lower than in this district, the following range of prices is offered for mutton on the hooks at the various Gisborne works:— Wethers.—s6lbs and under, sd; 57 to 641bs, 4id; 65 to 721bs, 4d; over 721bs, 3*d. Ewes.—s6lbs and under, 3Jd; 57 to 641bs, 27-8 d; 65 to 721bs, 2£d; over 721bs, 2|d. A yarding of over 1,100 for the most part good quality lambs, well suited for overseas, saw exporters the biggest operators. This was the largest yarding this season by over 300. Prices were easier and regulated almost entirely by the export parity. In the South at Addington, prices for all classes of fat stock tend to ease to the level of the export parity, and the lamb market at yesterday’s sale recorded a further weakening, selling at from 9d. to 9£d a lb. WESTFIELD VALUES Prices at Westfield under the hammer ranged as follow: — Cattle. Generally ordinary prime weighty steers made to £l4 10s; bigframed cattle not carrying too much condition made from £lO 17s 6d to £l2 10s; prime medium-weight cattle made between the same figures; small prime and lighter-finished cattle made from £7 15s to £9 12s 6d. Prime cows and heifers, apart from the special show lines, made from £7 15s to £8 17s 6d; choice prime, but smaller-framed cattle, £6 7s 6d to £7 10s; small and prime to mediocrefinished cows and heifers, £5 to £6 2s 6d; rough and just-killable from about £3 15s. Calves.—Heavy prime vealers made to about £3 10s to £4 ss; medium vealers, £2 13s to £3 ss; light, £1 14s to £2 6s; small, 14s to 2Ss; fresh-dropped and bucket-fed sorts, 3s to 11s. Sheep.—Heavy prime wethers made £1 7s 9d to £1 9s; medium prime, £1 6s to £1 7s 6d; light prime, £1 4s to £1 5s 6d; small and unfinished, £1 to £1 3s 6d; heavy prime ewes, £1 Is to £1 2s 6d; medium prime, 19s to £1 0s 9d; light prime, 17s to 18s 9d; Inferiorly fatted, 12s upwards. Lambs. Extra heavy prime lambs made £1 6s to £1 7s; 72 from Mr. D. Makgill, Waiuku, averaged £1 6s 7d; heavy prime, £1 4s to £1 5s 9d; lighter prime, £1 2s 6d to £1 3s 9d; light prime, £1 to £1 2s 3d; small and plain, 16s to 19s 9d. Pigs.—Prices for porkers were firm at late rates. Values for baconers, however, again receded and quotations were lower. Heavy choppers realised £2 15s to £3 3s; extra heavy prime baconers, up to £2 17s; heavy baconers, £2 12s to £2 14s; medium, £2 8s to £2 10s; light, £2 6s to £2 8s; heavy porkers, £2 8s to £2 11s; medium, £2 5s to £2 7s; light, £1 19s to £2 3s; small and unfinished, £1 13s to £1 18s. Values for store pigs eased. Few good-framed stores were penned. Slips made 16s to £1; good weaners, 12s to 15s; small and weedy, 5s to 9s. COUNTRY STOCK SALES Auctioneering firms report on country stock sales as follows: Alfred Buckland and Sons, Ltd., report: During the week we held sales at Westfield and Tuakau, also pig sales at Waiuku and Pukekohe. Prices for both cattle and pigs were on a par with those ruling the previous week. At the show grounds on Saturday we sold a number of show pigs and sheep. The former sold at from £4 4s to 40gns, the latter figure being obtained for a large white sow, on account of C. W. Anderson, Tamaki House, Kohimarama. Romney rams, on account of F. R. Seddon, Hamilton, made to 41gns, this sheep being purchased by J. G. Wilson, of Mititai. Romney rams on account of A. D. Bell, Clevedon, realised up to 20gns. The New Zealand Loan and Mercantile Agency Company, Ltd., reports: We held sales during the past week at Westfield, Ngatea, Paeroa, Maungakaramea and Papakura. All classes of cattle sold readily at late quotations. Dairy cows and heifers, best, made £lO to £l3 10s; others, £6 to £9 IQs; aged cows and inferior heifers, £3 to £5 10s; bulls, £2 to £7 17s 6d, according to weight and quality; empty cows, £2 5s to £3 15s; boner cows, £3 to £4 10s; yearling to 18-months heifers, best, £4 to £5 15s; others, £1 10s to £3 10s; yearling to 18months steers, £2 10s to £3 17s 6d; 2 to 2J-year £4 to £4 17s 6d; 3 to Siyear steers, £5 to £6 7s 6d; 4 to 4£-year steers, £6 10s to £7 ss; grown steers in forward condition, £7 10s to £8 12s 6d. Beef at fully Westfield quotations. We report having held a pig sale on Monday at Waiuku and report a good sale. Values about on a par .with .Westfield.

BUTTER AND CHEESE LOWER PRICES EXPECTED Leonard and Son, Ltd., report receipt of the following cable under date December 7, from their London principal, A. C. Rowson, Tooley Street:—‘Butter market weak, 166 s to 168 s; exceptional quality, 170 sto 1725. The New York spot market is firm for extras at 51£ cents. American forward buyers of New Zealand butter are very nervous, anticipating much lower prices in January.” The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cable from its London house: “First grade New Zealand butter, 170 s; market dull. New Zealand cheese, 945, 955; market dull.”

gear meat company ten per cent, dividend (Special to THE SUN.) WELLINGTON, To-day. • profits on sales and manufactures the Gear Meat Company for the voar ended November 30 amounted to £87,796. With a sum of £20,224 brought forward, the total was £ }08,020. Expenses amounted to £9,848, which is 3&0 less than in 1926. The balance available, including the dim brought forward, is £98,172, of which £5,000 is added to the reserve. £-500 to the insurance reserve fund ar.d £ls 000 toward liability for taxes and dividend at Is 9d a share, of which (#d was paid as an interim dividend. The w U m of £30.422 is carried forward again, A bonus of 3d a share is also to be paid Tnt of the insurance reserve, which will absorb about £5,750. sundry creditors are owed £71,31r>. Yssets total £687,956, compared with CK74 346 last year, including £59,100 for freehold properties, -working plant and nffire furniture. Sundry debtors and Hinosits accounted for £360,923, against £358*273; stocks. £44,449, against £3B 441: investments are unchanged at £194916, and cash in bank and in hand ia £30,569, against £24,610. electrical COMPANY HIT BY DEPRESSION (Special to THE SUN.) DUNEDIN, Wednesday. The directors of the National Electric and Engineering Company, Ltd., have recommended a dividend of 3 per cent, to be paid by drawing on reserves to the extent of £ 1,737 13s iOd. The 20th annual report regrets an unfavourable year, showing a profit of £1965 8s 2d, out of which income tax estimated at £155 has to be paid. The decreased profits are due to the Dominion-wide depression, asserts the report. This has intensified competition. With the passing of bad times the director* anticipate considerable improvement in the company's business. AUCKLAND CITY LOAN Bj/ Cable. —Press Association. — Copyright. Reed. 9.5 am. LONDON, Wed. The City of Auckland loan of £450,900, at 51 per cent., par, repayable in 1960. will be issued to-morrow. —A. and N.Z. SOUTHERN EXCHANGES Press Association Wellington.—Reported Sales: 4& per cent, inscribed stock, 1938, £97; Bank of »w Zealand, £2 19s 2d. Christchurch. —Sales on ’Change: Bank of New South Wales, £45 ss; Union Bank of Australia, £l4 9s 6d (3 parcels); National Insurance, 15s 9d. Reported: Commercial Bank of Australia, 29s 2d; Bank of New South Wales, £45 ss; Dalgety and Co., £l3 Is 6d; Auckland Gas, 23s ad. TIN SHORTAGE INCREASED PRODUCTION URGED British Wireless—Press Assn.-~€*ojigright RUGBY, Tuesday. In a speech at a meeting of the London Tin Syndicate to-day, the chairman. Lord Ask with, declared it was idle to dispute the menace of the shortage of tin. He said the threatened shortage would probably have occurred this year but for the temporary lull in the American motor-car industry, which was caused by the reorganisation of large works. Lord Askwith said that at the present time there were actually only 3,005 tons in the warehouses in Britain and in the United States, which was not even a fortnight’s requirements. With larger requirements looming immediately ahead, there was an urgent need for increased production.—A. and N.Z. SYDNEY HOSIERY FIRM VOLUNTARY WINDING-UP By Cable.—Press Association.—Copyright SYDNEY, Wednesday. A meeting of the shareholders of George A. Bond and Company, hosiery manufacturers, approved a resolution that the company be voluntarily wound up. with a view to reconstructing its affairs. The company will continue to carry on operations.—A. and N.Z. GOLD FOR ENGLAND SHIPMENT FROM AMERICA Cable.—Press Association. — Copyright. NEW YORK, Tuesday. The shipment of American gold to England began with the announcement b Y the International Acceptance Bank Gvit it is sending £'200,000 in gold to London. This is the first shipment of j:old to England since the pound ster•!nS exchange exceeded parity several "eeks ago.—A. and N.Z. LONDON TALLOW VALUES Under date December 7 the London louse of Dalgetv and Co.. Ltd., cabled follows: “Tallow market—nothing doing; prices nominally unchanged.”

Sellers. Buyers. BANKS— £ ■ d. £ 8. d. Bank of Australasia 14 15 0 14 11 0 Com. Bank of Aust. 1 s 4 1 9 0 Eng., Scottish, ausi. 7 11 0 National Bank N.Z. 6 18 0 New South Wales .. 45 10 0 45 2 6 New Zealand . . . . 2 19 9 2 ID 3 Do. mort. (10s pd) 0 16 0 Do. Mort. (20spd) 1 6 0 Union of Australia . INSURANCE— 14 12 0 14 5 0 2 0 0 1 19 6 South British .. .. 2 17 LOAN AND AGENCY— Abraham and Williams 9 2 17 0 (pref). . 4 2 6 Farmers' Co-op. Auc. 3 2 6 Ditto (A pref.) 0 18 0 0 16 9 Ditto (B pref.) .. 0 14 9 Ooldsbrough, Mort. 2 7 9 Nat. Mort. Agency 3 14 6 3 10 0 N.Z. and River Plat* 1 7 0 N.Z. Loan, Merc. 98 0 0 94 0 0 Ditto (pref.) .. .. COAL— SO 0 0 Renown (con.) .. .. 0 10 0 0 8 3 Hikurangi 0 3 10 0 3 7 Ditto (pref.) .. .. 0 7 9 0 7 0 Ditto (A pref.) .. 0 6 6 ft 6 4 Pukemiro 3 4 6 3 0 6 Tauplri 1 7 0 1 6 0 Ditto (pref.) .. .. 1 3 0 aipa 0 16 6 0 15 9 Westport GAS— 1 12 3 1 11 6 Auckland 1 3 6 1 3 2 Ditto (con.) .. .. SHIPPING— 0 17 0 0 16 8 Devonport Steam .. 1 5 6 1 4 0 Huddart-Parker 2 9 0 2 7 6 Northern Steam .. 0 15 0 0 14 10 Ditto (con.) .. .. TIMBER— 0 7 0 0 6 8 Kauri Timber .. .. 1 4 • 1 2 0 National 0 12 0 Taupo Totara .. .. 0 16 0 __ Ditto (pref.) .. .. WOOLLEN— 0 17 0 Kaiapoi 0 8 6 Mosgiel 6 16 0 6 11 0 W ellington 6 4 0 Ditto (pref.) .. .. BREWERIES— 6 6 0 C. L. innes (pref.) 1 0 0 N.Z. Breweries . . . . 2 5 Timaru * .. MISCELLANEOUS— 0 16 0 0 14 0 Auck. Amuse. Park 0 16 British Tobacco 2 13 Burns. Philp .. .. 1 18 0 1 17 Bycroft. Ltd 1 9 Checker Taxicab .. 0 19 0 Ditto (con.) .. .. Dental and Medical 0 10 0 Supply Co 0 15 0 0 14 0 Dominion Pictures . 1 0 Ditto (pref.) .. .. 1 0 0 Electro. Zinc (ord.) 1 11 3 l 1ft 3 Ditto (pref.) .. .. 1 12 6 1 11 3 Grey and Menzies .. 0 12 0 0 10 0 Hayward s Pictures 0 18 ft 17 Hill and Plummer H.M. Arcade Theatre l 2 0 (pref.) Kempthorne Prosser 1 0 0 (N.Z. Drug) . . . . 3 7 3 6 Milne and Choyce . 1 4 6 Ditto (pref.) .. .. 1 4 3 Ditto (R pref.) .. 1 4 Ditto (deb. stk.) .. Murchison Oils (20s 1 3 6 1 3 0 paid) 0 16 0 N.Z. Paper Mills N.Z. Refrigerating 0 16 0 — (c*>n.) 0 3 9 Rob nson Ice Cream 1 3 ft Sanford, Ltd 1 0 6 0 19 6 Ditto (pref.) .. .. 1 0 6 Taranakfli Oilfields ft 10 6 0 9 9 Thames Theatre 1 0 0 ft 17 6 Tonson Garlick .. .. 0 11 6 0 10 0 Union Oil 2 0 6 Wairakei. Ltd 0 10 6 ft 8 0 Whittome Stevenson 2 0 6 2 3 9 Wilsons Cement MINING— 1 17 10 1 17 6 Alburnia 0 2 2 0 1 10 Moanataiari (paid) . 0 2 6 0 2 0 Ditto (con.) .. .. 0 1 4 0 0 11 Empire Reefs (pd.) 0 0 2S Kawarau — 0 0 6 Komata Reefs . . . . ft 0 3 Lucky Shot (2s pd.) 0 1 5 0 1 3 Majestic New Waiotahi (4s 0 0 3 — paid) 0 0 8 Ditto (con.) .. .. Occidental-Una 0 ft 9 0 0 6) (2s paid) 0 2 0 0 1 6 Ditto (con.) .. .. ft 1 7 0 1 Ohinemuri ft 6 11 0 6 6 Waihi 1 2 9 1 2 6 Grand Junction .. AUSTRALIAN— ft 1 2 0 1 0 Mount Lyell .. •• DEBENTURES— 1 9 0 1 8 9 Auck. Gas. 1928, 8* 101 0 Auck. Harb. Board. 0 99 0 0 85 0 0 Ditto. 6| p c — 98 0 0 Ditto. 6 p.c City of Auckland, — 102 0 0 1943, 5J p.c Auck. Hospital Bd., — 98 0 0 5J per cent Bor. of Devonport — 98 0 0 6 per cent 100 ft 0 N.Z. Breweries .. .. 1 3 8 1 S 4 Hamilton Theatres . .05 0 0 Glaxo — GOVERNMENT BONDS— 90 0 0 War Loan. 1920, 4i 97 15 0 Ditto, 1928. 4J — 96 15 ft Ditto, 1929. 4} 96 15 0 Ditto, 1936. 51 .. INSCRIBED STOCKWar Loan, 1929, 101 0 0 5 p.c 98 10 0 Ditto, 1928, 41 97 0 0 Ditto. 1939, 4J 96 17 6 Ditto. 1927-41, 5i 98 10 0 Ditto, 1933, 5) 101 0 0 Ditto. 1936, 5i .. — 101 0 0 PASSED IN AT £66,000 “N.Z. TIMES’ BUILDING (Special to TBB SUN.) WELLINGTON, Wednesday The “New Zealand Times’ building was offered at auction to-day. The bidding commenced at £50.000 arid went up to £66,000 at which it Was withdrawn, the reserve price not 94»in« reached by aevejjU thousands.