Markets and Money

Sun (Auckland), Volume I, Issue 232, 20 December 1927, Page 16

Markets and Money

A Review for Business Men

ON THE ’CHANGE HIKURANGI COALS FIRM DEMAND FOR BONDS A quiet tone was registered on 'Change this morning and little business was put through. The attention of the more speculative element is directed to a few small parcels of mining, but no noteworthy change in the market is recorded. Banks, though quiet, remain in good tone, and New Zealands continue to be dealt with at 59s 3d. Hikurangis also continue to receive attention on a market with any movement upward. In miscellaneous, Farmers’ Fertilisers have been done at 81s 6d and Wilsons Cements have been put through at 375. Gilt-edged securities remain in good tone and meet with a steady demand. SALES REGISTERED Yesterday afternoon’s call: On ’Change.—Hikurangi Coal A (pref.). 6s 6d; Wilson Cement, 375; Moanataiaris (pd.), 2s 2d. Reported.—National Insurance. 15s 6d; Staples Breweries, 38s Ad; N.Z. Farmers’ Fertilisers, Sis 6d; Wilsons Cement, 375. At this morning’s 10 o’clock call: On •Change.—Bank of N.Z y 59s 3d (3 pels.) ; Auckland Gas, 23s 4d. Reported.—New Waiotahi (con.), 7id. At to-day’s miclday call: On ’Change. —Lucky Shot, Is 3d. Reported.—Union Bank (new issue), £l4 ss; British Tobacco, 39s 6d. MIDDAY QUOTATIONS Closing quotations at midday to-day ■were:

SOUTHERN EXCHANGES

YESTERDAY’S SALES Press Association. Y? ELLINGTON, Monday. Wellington: Union Bank (second instalment paid). £8 15s 6d; Bank of New Zealand, 59s 3d. Christchurch: Christchurch Gas (new, ...n paid), 6s sd; New Zealand Governper cent. Inscribed Stock. 1939, tTriUi^? nk i, of # Adelai( ie, £8 13s 6d; Na£*nV7s B 6tL lC ° f Xew Zealand (cum div.), r° u or New South -Wales,

IN THE MARKET PLACE INCREASED ACTIVITY DEARER STRAWBERRIES Business in practically every department is brisk in the city marts. A particularly heavy demand has set in for poultry, and greater activity is registered in the fruit section. Plums, with an easing off of supplies of the early varieties, have firmed in price. Gooseberries are also slightly firmer. Supplies of strawberries are tightening up and higher prices can be looked for by the end of the week. Bananas have advanced in price and supplies for the Christmas trade should not be over-plentiful. The Maunganui arrived this morning with a small consignment of fruit, ex Sydney, chiefly oranges and cherries. This will go on the market early this afternoon Healthy business is recorded in the fieid and garden produce section, though no great increase in turnover is reported. Poultry is coming forward in large quantities and meeting with an increasing demand as the holiday season approaches. Prices for good table birds are firm with any tendency upward. Prices under the ’ ammer at to-day's auctions ranged as follow: — FRUIT Apples: Stunners, 9s to 12s a case; Canadian Winesaps, 17s; Delicious, 17s; Newtown Pippin, 18s; Ganes, 14s to 15s. Pears: P. Barry, 6s to 9s a case. Strawberries: 9d to lid a chip. Oranges: Rarotongan, 25s to 30s a case; Australian Valencias, 21s to 255; American, 50s. Tomatoes: Hothouse first grade, lid to Is Id a lb; seconds, 8d to lOd; small, 3d to 6d. Cherries: Sydney, 16s to 17s a case. Plums: Sharp’s Early, 7s to 8s a case; cherry, 4s to 5s 6d; Evan’s Early, 4s 6d to 6s; Wright’s Eai'ly, 3s to ss. Apricots: 4s to 10s a case. Black Currants: 8s to 9s a 101 b tin. Lemons: Cured, 25s a case; others, 10s Bananas: Repacks, 22s to 25s a case. Gooseberries: 3s 6d to 5s 6d a case. Peaches: 6s to 12s a case. Grapes: Hothouse, 2s 6d to 3s 6d alb. VEGETABLES Potatoes: New, heavy supplies. 4s to 6s 6d a bag. French Beans: 5d to 61d a lb. Pumpkins, ordinary: 15s to 20s a. cwt. Green Peas: 3s 6d to 5s 6d a Dag. Onions: Canadian, 9s to 18s a crate; new season’s local, lid a lb. Cabbage: Is to 3s 6d a sack. Cauliflower: 2s to 5s a. sack. Broad Beans: 2s 6d to 3s 6a a Dag. Lettuce: 2s 6d to 5s 6d a case. Prices of butter and eggs and smaller parcelled vegetables will be found m the “Kit Bag” column on another page.

BANKS— £ ! s. d. £ l d Bank of Aust. — 14 13 6 t om. Bank of Aust. 1 9 D 1 9 0 18 New South Wales . 4 b 12 6 45 0 0 New Zealand .. .. 2 12 3 2 19 0 Ditto (,10s paid) .. 0 16 0 Ditto (20s paid) .. Union of Australia 1 6 (new issue) .. . . 11 2 6 Ditto (£5 10s pd.) S 16 0 — INSURANCE— National 0 16 0 0 15 0 New Zealand .• •• 2 0 9 2 0 6 South British .. .. * 18 0 2 lb 9 LOAN AND AGENCYFarmers’ Co-op. Auc. Ditto (B pref.) .. 0 14 10 Nat. Mort. Agency 3 13 3 10 0 Newton King (prei.) 0 12 N.Z. and River Plate 1 8 0 1 7 0 N.Z. Guar. Corp. .. 0 2 2 N.Z. Loan and Merc. 23 0 90 0 Ditto (pref.) .. .. 8b 0 0 80 0 0 COAL— Renown (con.) .. .. 0 12 0 0 10 0 Ditto (pref.) .. .. 0 7 4 Ditto A (pref.) .. 0 6 s 0 6 4 Pukemiro 3 1 Taupiri .. 1 7 0 1 b 6 Ditto (pref.) .. .. 1 Waipa .. .. • • •• 0 16 6 0 16 0 GAS— 1 3 7 1 3 Ditto (con.) .. . • Birkenhead and 0 17 0 0 16 11 Thames .. •• •• •• SHIPPING— 5 12 0 — Devonport Steam .. 1 4 9 1 3 9 Pludclart-Parker 2 2 £ 8 0 Northern Steam — ll 14 9 TIMBER— Kauri Timber .. .. 1 3 0 1 0 0 Parker-Lamb .. .. 0 18 6 Taupo Total a .. .. 0 16 0 Ditto (pref.) •• •• 0 17 0 — WOOLLEN— Kaiapol .. • • • • • • 0 8 6 Wellington 6 8 6 6 0 Ditto (pref.) .. •• — ti 7 6

Ditto (pref.) •• •• — 6 7 6 BE£ VV EK1ES— C. L. Innea tpref.) 1 0 0 N.Z. Breweries .. .. 2 b 0 — J Staples and Co. 0 0 1 18 2 Timaru .. 0 16 0 — MlSC ii.i_l_A.isi EU L! S— Auck. Amuse. Park 0 15 6 A. J. Entrican (pref) 0 19 0 — British Tobacco 1 19 9 1 19 0 Burns, Philp .. .. 1 17 6 Bycroft, Ltd 1 11 0 1 9 6 CheeKer iaxicab .. 0 13 0 Col. Sugar (Aus.) .. 54 10 0 Dental and Medical 0 16 0 Dominion Pictures 1 0 0 Ditto (pref.) .. .. 1 0 0 Drey and Menzies .. 0 12 0 Haywards Theatres 0 18 0 0 17 0 .Hill and Plummer 1 2 0 H.M. Arcade (pref.) 1 0 3 KcrnpUiorntt Prosser N.Z. Drug .. .. 2 10 0 Milne and Chcyce .. 1 4 6 Ditto (pref.) .. •• 1 4 3 Ditto <H pref.) .. 1 3 Ditto, deb. stk. .. 1 9 Murchison Oil (,20s paid > 0 16 0 Farmers’ t ertiliser 4 o 4 0 N.Z. Paper Mills .. 0 17 0 Northern Boot .. .. U 18 0 Robinson ice Cream 1 0 Sanford. Ltd 1 0 6 Ditto (pref.) .. .. 1 0 9 Taranaki Oilfields .. 0 10 0 0 9 0 Tonson Garlic!* •• • 0 11 6 Union Oil .. •• •• a 0 e M airakei, Ltd 0 10 6 \V hittome, Stevenson 7 6 4 6 Wilsons Cement 1 17 3 l 17 0 MINING— Alburnia 0 1 10 0 1 7 Moanataiari (paid). 0 0 0 Ditto (con.) .. .. 0 1 4 0 1 Golden Age (paid). 0 0 2J Ditto icon.) .. .. 0 0 Kawarau 0 0 komata Reefs .. .. 0 0 3 Kuranui 0 0 8 0 0 Lucky Shot C-’s pd.) 1 4 0 1 1 Maortland (con.) . 0 1 Mt. Welcome (.con.) o 1 6 New Wauotalii (4s paid) 0 1 1 0 0 9 Ditto (con.) .. .. 0 u Vi 0 0 7 Occidental-Una (2s paid) 0 0 0 1 Ditto icon.) .. .. 0 1 1 0 1 0 Ohtnemuri 0 7 3 0 Waihi 1 1 Grand Junction.. ... 0 1 2 0 0 11 DEBENTURES— Auck. Gas, 1328, 6| 101 0 0 99 0 Auck Har. Board, 4 p.c 85 0 0 Ditto, 6 p.c 101 0 0 103 0 0 Bor of Dev on port. 4 4 P-c 92 0 0 Mt. Eden, *53 p.c. .. 101 10 0 N.Z. Breweries .. .. 1 1 2 7 Glaxo 90 0 0 Hamilton Theatres . 105 0 0 — GOVERNMENT BONDS— War Loan, 1930, 4$ 97 15 Ditto, 1938, 4^ — 96 17 Ditto, 1939, 4i .. 96 Ditto, 1941, 4* .. 96 10 0 Ditto, 1933, 51 .. 101 Ditto, 1936. 51 .. — 101 0 0 INSCRIBED STOCK War Loan. 1929, 5 98 10 Ditto, 1938, 41 .. 97 0 0 Ditto, 1333, 4i 97 0 Ditto, 1927-41, 5J . 9S Ditto 1333, 64 101 0 Ditto, 1936, 5i .. — 101 0 0