Markets and Money

Sun (Auckland), Volume I, Issue 262, 26 January 1928, Page 14

Markets and Money

A Review for Business Men

x ON THE ’CHANGE BANK OF N.S.W. AT £4B MINING IMPROVES Increased activity is registered on ’Change. Business in several sections has a decidedly healthy tone. In banks, N.S.W.’s maintain their upward movement and a parcel was done yesterday afternoon at £4B The scrip was not quoted this morning. Commercials are also active up to 29s Coals continue in good tone with firm buyers for Pukemiros, Waipas, and Renowns failing to draw sellers. Staples Breweries are active and the scrip strengthened this morning to see a sale at 41s with no sellers and buyers seeking more at 40s. A slight revival has taken place in mining, and a few parcels are in decidely better tone. Lucky Shot were dealt with at Is sd. Buyers have come in for both Issues of Occidental Unas. SALES REGISTERED ■Yesterday afternoon’s call. On •Change: N.Z. Insurance, 41s; Staples Breweries, 40 s 6d. Reported: Waihi, 11s 3d; Auckland Harbour Board debenutres, 6 per cent., 1941, £lO3. At this morning’s 10 o’clock call.— Reported: Devonport Steam, 245; Electrolytic Zinc (ord.), 31s 9d; N.Z. War Loan, 1938, 4J per cent, £97. At to-day’s mid-day call. —On ’Change: Ohinemuri Gold and Silver, 6s 9d; Commercial Bank, 29s 6d. Reported: Commercial Bank, 29s 6d; Staples Breweries, 41s; British Tobacco. 39 s 9d; N.Z. Refrigerating. 18s; Lucky Shot, Is sd; Borough of New Plymouth, deb. 5* per cent., 1933. £97 10s. MID-DAY QUOTATIONS Closing quotations at to-day’s midday call were:

STOCK MARKET REVIEW

PEAK OF EXPORT SEASON BRISK TRADE IN THE WAIKATO Brisk trade continues to be done in fat stock by most of the works operating throughout the North Island. Both Auckland works are working to capacity, while consignments from Lower Waikato pistures are being diverted to Hawke’s Bay and Taranaki works. Little alteration has taken place in the overseas markets over the week. The season throughout New Zealand is at its height, but nowhere is greater activity shown, in comparison with other veurs, than over the Auckland Province. Both local works are working to capacity, the Westfield company, in fact, sending a considerable surplus to Hawke’s Bay from the Lower Waikato. Borthwicks. who have been operating strongly in the Waikato since the season opened continue to draw heavily, making competition particularly keen for fat cat-, tie. . .. Lambs still receive the principal attention of buyers, and farmers, too, as the season advances, are showing increased activity in quitting drafts as soon as they are fit for the works. The season for this class of stock is at its height. Increased business is being done in bigger sheep, but as yet they represent at the most only a side issue. ... The London market has registered little movement over the week, though with the heavy arrivals of lamb which are now being recorded a slight easing in prices cannot be unexpected. At the moment, however, the future pasition appears good, and, while there may be slight fluctuations no drastic change is indicated for the next few weeks. At Westfield yesterday values in most sections were firm at. late rates. Well finished cattle met with keen competition. Ewes predominated in a rather short yarding of sheep and values were, if anything, slightly firmer in comparison with late rates. The quality of tbe lamb offering generally was not high, and .tne majority lacked finish, quality against quality, the yarding selling at practically unchanged rates. PRICES AT WESTFIELD Prices under the hammer at Westfield yesterday ranged as f° llo ws:— Beef. —Extra choice ox sold to £1 los a 1001 b.; choice and prime ox, £1 10s to £1 12s; secondary and plain ox, £i ss to £1 9s 6d; prime young cow and heirer beef. £1 5s to £1 8s; ordinary cow beef, £1 to £1 4s; heavy prime steers ranged In price from £l2 15s to £l4; lighter prime steers made £ll 10s to £l2 12s 6d; light prime steers, £9 10s to £ll 7a 6d; small and unfinished steers, £6 los to £9 7s 6d; extra heavy prime young cows and heifers, £8 15s to £9 17s 6d; heavy prime cows and heifers, £7 as to £8 10s; lighter prime cows and heifers, £6 to £7 2s 6d; other killable cows, £3 15s to £5 15s. Sheep. —Extra heavy prime wethers made £1 7s to £1 9s 3d; heavy prime wethers, £1 5s 6d to £1 6s 9d; medium to heavy prime wethers, £1 4s to £1 5s 3d; light to medium prime wethers, £1 2s 6d to £1 3s 9d; unfinished wethers, 19s to £1 Is 6d; extra choice prime young ewes, 21s to 23s 6d; heavy prime ewes, 17s 6d to 20s 3d; lighter, prime ewes, 15s 6d to 17s 3d; other killable ewes, 13s to 15s 3d; other ewes, 7s to 12s 6d. Lambs. —Extra heavy prime lambs made £1 6s to £1 7s 6d; heavy prime lambs, £1 4s to £1 5s 9d; lighter prime lambs, £1 2s to £1 3s 9d; light prime lambs, £1 to £1 Is 9d; plain lambs, 14s to 16s 6d; small and store lambs, 8s to 13s 9d. Pigs. —Good heavy choppers made £3 7s 6d to £3 15s; lighter, £2 15s to £3 ss; extra heavy prime baconers, up to £2 12s; light and medium, £2 3s to £2 7s; heavy porkers, £2 3s to £2 6s; medium, £1 18s to £2; light, £1 14s to £1 16s; small and unfinished, £1 4s to £1 11s. Good framed stores made up to £1; slips, 9s to 14s; good weaners, 6s to 9s; small, 3s to ss. Calves. —Heavy choice, prime vealers made to £5 9s; medium, £2 15s to £3 15s; smaller framed and lighter, £1 16s to £2 12s; small and fresh dropped, 3s to 28s. £2,500,000 LOAN FOR SOUTH AUSTRALIA By Cable.—Press Association. — Copyright. Reed. 11.5 a.m. LONDON, Wed. The underwriting of the South Australian loan at 5 per cent, will commence to-morrow. It is now stated that the loan is to be £2,500,000.—A. and N.Z. CANADA’S WHEAT CROP 440,000,000 BUSHELS By Cable.—Press Association. — Copyright. Reed. 11.30 a.m. OTTAWA, Wed. The Bureau of Statistics places the 1927 wheat crop at 440,024,700 bushels from 22,460,000 acres.—A. and N.Z. RUAWAI BUTTERFAT PAYMENT (From Our Own Correspondent) DARGAVILLE, Wednesday. On a basis of Is 4d a lb. for finest but-ter-fat the Ruawai Co-operative Dairy Company paid out £9,559 12s 7d for the December output. The quality of the butter has been fully maintained, the grading figures for December being 94.277. NEW MEMBER ON ’CHANGE Mr. D. G. Watson has been elected a member of the Auckland Stock Exchange.

Sellers Buyers. £ s. d. £ s. d. BANKS— Bank of Australasia 14 12 6 < *om. Bank of Aus. 1 6 Eng., Scot., and Australian .. .. 1m Nat. Bank of N.Z. . National Bank of 8 10 Australasia (con.) — New Zealand .. .. 10 2 Ditto (15a pd.) .. 1 Ditto (20s paid) . — INSURANCE— 0 15 6 0 15 0 2 17 South British .. .. I.OAN AND AGENCY— Dalgety and Co. .. Farmers* Co-op. 13 3 17 6 13 12 6 Auctioneering . .. 5 Ditto (A pref.) .. 0 10 Ditto B (pref.) .. Goldsbrough, Mort . National Mortgage . N.Z. and River Plato N.G, Guar. Corp. .. 0 N.Z. Loan and Merc. Ditto (pref.) .. .. — COAL— Renown (con.) .. .. 4 _ 0 13 6 Hikurangi Ditto (pref.) .. .. 0 8 6 0 7 6 Ditto A (pref.) .. £ Tauplrl 1 6 1 Ditto (pref.) •• •• 3 Waipa .. .» , • •• — GAS— 1 3 6 1 3 3 Ditto (con.) .. .. Birkenhead and 0 17 16 2 16 10 0 Thames •• •• •• 0 11 SHIPPING— Devon port Steam 1 4 6 1 3 9 2 10 Northern Steam • • 0 14 11 0 7 3 232 F. and O. (def. stk) Ditto (rights) .. 30 0 25 Union Steam (pref.) 1 — TIMBER— Kauri Timber .. •• 1 3 0 _ 0 12 6 l*arker-Lamb .. .. 19 Taupo Totara •• .. Ditto (pref.) .. .. 0 16 — WOOLLEN— Kaiapoi 6 0 8 6 Ditto (pref ) .. .. Wellington 6 a Ditto (pref.) .. .. — breweries— N.Z. Breweries 2 1 6 J. Staples and Co. . MISCELLANEOUS— Auckland Amuse* merj-rafk .. .. A. J. Bntrican (pref.) 0 14 0 0 19 0 British Tobacco 1 19 9 Bycroft, Ltd 1 10 0 Checker Taxicab .. Colonial Sugar (Aus) 54 5 0 J 'enta.1 and Medical 0 16 0 Dom. Pictures .. .. 1 0 0 Ditto, (pref.) .. .. Electrolytic Zinc — 1 0 11 0 3 Ditto (pref.) .. .. 1 12 3 Grey and Menzles.. 0 12 0 Hayward’s Pictures 1 0 0 0 18 3 Hill and Plummer .. 1 2 6 H.M. Arcade (pref.) 1 0 6 Milne and Choyce .. 1 4 S Ditto (pref.) 1 4 3 Ditto <B pref.) 1 4 3 Ditto (deb. stk.) . 1 3 3 N.Z. Express N.Z. Farmers’ Fer- — 1 0 0 tiliser Co 4 6 N.Z. Refrigerating . 0 IS 6 0 17 6 Ditto (con.) .. .. Northern Boot and 0 0 0 0 8 8 Shoe 0 18 0 — Robinson Ice Cream 1 2 0 Taranaki Oilfields .. 0 10 6 Thames Theatre •. 0 18 6 0 17 0 0 11 3 Union Oil 2 0 0 Wairakei, Ltd. Wiseman and Son 0 10 6 — (pref.) .. 0 14 o 0 7 0 Wilsons Cement •« 1 17 11 1 17 8 MINING— Aloana taiari (paid) 0 4 0 1 6 0 1 6 ft n 11 Golden Age (pd.) .. 0 0 3 Komata Reefs .. .. 0 0 3 Kuranul 0 0 Lucky Shot (2s pd.) 0 1 8 0 1 4 Maoriland (con.) 0 1 0 Mt. Welcome (con.) New Waiotahi (4a 0 1 0 — paid) — 0 0 9 Ditto (con.) ,, Occidental-Una 0 0 10 0 0 7 (2s paid) 0 1 0 1 0 Ditto (con.) •• •• 0 1 0 0 101 0 7 0 0 6 S Ditto (pref.) .. .. 0 0 6 Waihl Grand June. 0 1 0 0 10 A USTRALLAN— Mount Lyeli .. •• DEBENTURES— - 1 S 7 Auckland Harbour Board. 6 p.c. City of Auckland, 105 0 0 103 10 0 1940, 5* p.c. . . Borough of Devon100 0 0 95 0 0 port. 6 p.c 100 0 0 Bor. Mount Eden, 5| 100 (I 0 N.Z. Breweries .. .. 1 2 3 Glaxo 90 0 0 Hamilton Theatres . 105 0 0 — GOVERNMENT BONDS— War Loan. 1930. 4| . 97 15 0 Ditto. 1938, 41 .. — 96 15 0 Ditto. 1939, 44 .. — 96 15 0 Ditto, 1936. 54 . . — 101 0 0 INSCRIBED STOCKWar Loan. 192?. 6 .. 98 0 Ditto, 1938, 41 . . 97 Ditto. 1939, 41 .. 97 5 0 96 17 Ditto, 1933, 51 .. 101 10 0 101 \ Ditto. m». 5* „ 101 10 4 101 • 0