Markets and Money

Sun (Auckland), Volume II, Issue 311, 23 March 1928, Page 12

Markets and Money

A Review for Business Men

ON ’CHANGE

MARKET IN GOOD TONE WAIHIS IMPROVING Greater movement is registered on Change in the market for certain parrels of scrip. A healthy demand is registered for the better classes of securities. Banks are steady at late quotations. In coals, Waipas have registered a further weakening to see business at 15s 3d. Pukemiros are sought ex div at 60s 6d. . In mining, and Grand Junction t,rrip ar*‘ firmer, the former £eing sought at 10s «d and no sellers. Ohinemuris have also improved to see buyers again offering 7s. Other mining is weak and idle. SALES REGISTERED Yesterday afternoon’s business: —Reported: Bank of New Zealand. r ,ds; Trustees Executors Agency Co., 58s fid; Auckland Gas (ord.), 21s lOd; ditto (con.), 15s lOd: City of Auckland, 51 percent.. 1941 debentures, £96 10s. At this morning’s 3 0 o’clock call. — On ’Change: Bank of New Zealand. 595. Reported: Wilsons Cement, 37s 9d. At to-day’s mid-day call: —Reported: Waipa Collieries, 15s 3d: Auckland Gas icon.), 13s 9d. On ’Change: Kawurau Mining. 6d. MID-DAY QUOTATIONS Closing quotations at mid-day to-day nere: sellers. Buyers. £ a. d. £ a. d.

CHICAGO WHEAT

/»!/ Cable.—Press Association. — Copyright. Reed. 9.22 a.m. CHICAGO, Thursday. Wheat.—March, 1 dollar 41? cents a bushel: May. 1 dollar 40} cents; Julv, 1 dollar 374 cents.—A. and N.Z.

IN THE MARKET PLACE

DEARER PEACHES EGG MARKET FIRM Steady trading is reported in most departments in the City Marts with practically no movement worthy of special note. With picking operations in full swing for export and cool storage requirements, there is a tendency to glut the market with low-grade apples and pears. These sorts are in little demand and hard to quit. Good quality apples, particularly Cox's Orange, sell freely. Louise Bon pears have also hardened in price over the last day or so. Supplies of good paches are tightening up, and the market has advanced Is to 2s a case over the week. Heavy supplies of tomatoes continue to come to hand’from the Hutt, keeping the market at a low level. Grapes are also offering freely with increased supplies coming to hand from Te Kauwhata. A limited supply of mushrooms meets with a ready sale. In the field and garden produce section the market for potatoes and onions is slightly easier following heavier arrivals from the South. Good Southern potatoes meet with a keen demand. Most varieties of vegetables are well supplied. The egg market continues firm at late quotations, short supplies meeting with a keen demand. Large offerings of all kinds of birds are coming forward in the poultry sections. Pullets and ducks are in particular demand at the moment, good freely at satisfactory prices. The market is still glutted with drakes, which are hard to quit. Quotations lifted from the City Marts this morning ranged as follow': Fruit Apples.—Cox’s Orange, 6s to 9s a case; Jonathans, 3s to 8s; Willie Sharp, 5s to 6s; Gravensteins, 4s to 6s 6d. Pears.—Boi> Chretien, ripe, 5s to 6s a case; Louise Bon, 8s to 11s 6d; Packhams, 4s to 7s: Conference, 5s to 6s; Bourro Diel, 3s to 4s. Peaches.—Golden Queens, 5s to 7s 6d; others, 4s to 7s. Tomatoes.—Choice, local, 4s to 6s a box; others, from Is; Hutt, 2s to 4s 6d. Lemons.—los to 22s a case. Grapes.—Hamburgs, Is to Is 3d a lb.; Coleman, Is 6d to 2s 3d; Golden 'Queen, Is: Te Kauwhata, 7s to 9s a 161 b. box. Passions.—3s to 5s a box. Cape Gooseberries.—6d to 7d a lb Oranges.—Jaffas, 30s a case; American, 36s to 40s. Bananas.—Repacks, ripe, 16s to 18s a case. Mushrooms.—ls to 2s a lb. Vegetables Potatoes.—Southern, 10s 6d to 12s 6d a cwt.; local, 4s to 6s 6d a bag. Onions.—Bs 6d to 10s 9d a cwt Kumeras.—l3d to 2£d a lb. Cabbage.—4s to 14s a sack. Cauliflower.—Bs to 14s a sack. Swedes,—2s to 3s 6d a bag. Pumpkins.—7s 6d*to 15s a bag. Green Peas.—6d a lb. Beans.—6s to 10s a bag. Lettuce.—ls 6d to 7s 6d a case. Poultry Cock chicks, white, 6d to Is 3d each; heavy breeds, Is to 2s. Prime cockerels, heavy, 6s to 7s Sd; lighter, 4s to ss; light, 2s to 2s 9d. Hens, 3s to 4s; lighter, Is 9d to 2s Gd Roosters, Is 6d to 2s 6d. Ducks, 3s to 4s 6d. Muscovy drakes, 5s to 7s. Muscocy drakes,, 5s to 6s. Young ducks, 5s to 7s. Turkey hens, 6s to Ss. Goblers, 11s to 17s. Pullets, forward, 6s 6d to 9s; backward, 3s upwards. Geese, 5s to 5s 6d. Quotations for butter and eggs and p^fe i ,ed vegetables will be page* ln the Colurnn on another

NEW ZEALAND WOOL

PRICES VERY FIRM By Cable.—Press Association. — Copyright. LONDON, Wednesday. At the London wool sales to-day 11,833 bales were sold, of which 5,330 were Australian and 5,857 New Zealand. There was a good selection of greasy Merinos and a splendid offering of greasy crossbreds. There was very keen competition. The home trade was fche chief operator. Prices were fully firm. The following New Zealand clips realised the prices named: “Tuariia,” top price 24}d, average 22d; “Waihuka,” 21}d and 20d; "Ramoe,” 22}d and 21d: “Ruru,” 21d and 19d: "H.L.W.,” 24}d and 20d; “Mandn,” 31}d and 30d; “Akitio,” 27d and 24d; 4, Potaka,” 21}d and 20d.—A. and N.Z.

AUSTRALIAN PRODUCE

By Cable. — Press Association. — Copyright. SYDNEY, Thursday. The following are to-day’s quotations on the Sydney produce market: — Wheat.—Growers’ bagged lots at country stations, 4s lOd; ex truck, Sydney, 5s s}d. Flour.—Export trade lifeless. Local. £l3. Bran.— £6. Pollard.—£7 10s. Oats. —Tasmanian. Algerian, 4s Sd to ss; white, 4s lid to ss. Maize. —3s 6d to 4s. Potatoes.—Tasmanian, £5 to £6 10s. Onions.—Victorian, £lO. Adelaide prices are:— Wheat.—Growers’ lots*, 5s 4d. Flour. —Bakers’ lots, £l3 12s 6d. Bran.— £6 15s. Pollard.—£7 7s 6d. Oats.—3s 6d.—A. and N.Z. Reed. 9.5 a.m. MELBOURNE, To-day. Following are to-day’s quotations on the local markets: Wheat.—The market is steady at 5s 6id, 5s 6|d. Flour.— £l2 7s 6d to £l2 12s 6d. Bran.— £6 15s. Pollard.— £7 10s. Oats.—Milling, 3s 6d to 3s 9d; feed, 3s to 3s 3d. Barley.—English, 5s to 5s Cd. Potatoes.— £4 to £4 10s. Onions.— £8 to £S 10s.—A. and N.Z.

LONDON TALLOW SALES

By Cable.—Press AssociatioJi. — Copyright. LONDON, Wednesday. At the London tallow sales to-day 502 casks were offered and 4SO sold. Prices were unchanged to 6d advance. Mutton: Fine, 43s 6d; medium, 355. Beef: Fine, 40s; medium, 35s 6d. Dalgety and Company, Ltd., report having received the following cablegram from their London house, dated March 21: Tallow: 502 casks were offered and 73 per cent, were’ sold. Prices of inferior are 6d higher; other descriptions unchanged. The Bank of New Zealand has received the following cablegram from its London office, dated March 21: Tallow: There is an improved demand. Prioes have advanced 6d per cwt.—A. and N.Z.-Sun.

MELBOURNE HIDES SALE

By Cable.—Press Association.—Copyright. MELBOURNE, Thursday. At the Melbourne hides sales to-day the market was firm. Lights advanced one farthing. Light kips were slightly easier. Others were firm.—A. and N.Z.

BANKS— Vust. Bank of t om. 1 14 0 Bank of Adelaide s 15 1 Com. Bank of Aust. 1 S 0 t'om. Bank of Syd. Kng.. Scot. and Aus. S 0 8 National of N.Z. . . 0 6 6 Nat. Bank of AusNew Zealand . . .. 19 6 19 0 Ditto (20s pa?d) . . 1 6 6 Union of Australia . 14 14 0 INSURANCE— .Vust. Provincial 0 11 0 National 0 la 9 0 15 New Zealand .. .. 2 1 0 2 South British .. .. 2 19 6 2 19 J LOAN AND AGENCY— Dalgety and Co. .. 13 17 6 Farmers’ Co-op. 3 5 Ditto A (pref.) .. 0 16 6 Ditto B (pref.) . . 0 lb 3 < Joldsbrough, Mort ’ 9 9 National Mortgage . 3 10 Q Newton King (pref.) 0 12 6 0 10 N.Z. and River Plata 9 0 N.Z. Loan and Merc. 102 0 0 99 0 0 Ditto (pref.) .. .. — 81 0 0 Renown (con.) .. .. 0 14 6 0 12 0 Hikurangi 0 4 2 0 3 8 Ditto (pref.) .. .. Ditto (A pref.) 0 6 8 0 6 Pukemiro (ex div.) 3 0 6 Taupiri 1 6 6 1 6 0 Ditto (pref.) .. .. Waipa 0 16 0 0 15 0 GAS— Auckland 1 1 10 1 1 Ditto (con.) .. .. 0 16 0 15 3 Birkenhead 0 16 0 — SHIPPING— Devonport Steam . . 1 5 6 — Howard Smith (ej div.) X S 0 Muddart-Perker s 0 6 0 Northern Steamship 0 15 Ditto (con.) .. .. 0 7 4 0 7 0 TIMBER— Bartholomew .. .. 1 1 0 Kauri Timber .. .. 1 6 National 0 12 « — Parker-Lainb . • 0 19 0 — WOOLLEN— Kaiapoi — 8 5 Mosgiel — 6 BREWERIES— O. L Innes (pref.) 1 0 0 N.Z. Breweries, Ltd. J. Staples and Co... 1 17 4 — MISCELLANEOUS— Auck. Amuse. Park 0 11 0 A. J Entrtcan tpref.) 0 19 0 Australian Glass .. 3 British Tobacco 0 0 1 ID 6 Burns, Philp 9 Bycroft, Ltd Checker Taxicab Co. 0 19 Ditto (con.) .. .. 0 9 Dental and Medical 0 16 0 Donaghy’s Rope and Twine Co .. .. Dunlop Rubber Co. 1 6 Electrolytic Zinc (Ord.) Ditto (pref.) .. .. 1 9 Gear Meat Co. 1 Grey and Menzies . 0 12 0 Hayward's Pictures 1 0 0 Henry Jones Co-op. 1 16 Hill and Plummer . 1 1 9 9 H.M. Arcade (pref.) L 0 0 Lewis Eady, Ltd. (pref.) 1 6 A!line and Choyce .. Ditto (pref.) .. .. Ditto (B pref.) .. Ditto (deb. stk.) . N Z. Farmers* b er4 6 0 4 N.Z. Refrigerating . Ditto (con.) .. .. 6 Northern Boot . . . . IS Sanford. Ltd. (pref) 1 Sharland and Co. .. 1 0 9 0 13 0 Union Oil Whittome Stevensons 2 8 0 2 Wilsons Cement 1 17 11, 6 MINING— Alburnia 0 1 6 Moanataiari (paid) . 0 2 0 0 J Empire Reefs (con.) 0 l 0 Golden Age tpd.) .. 0 0 4 Kawarau Lucky Shot (2s pd> 1 Art. Welcome (con.) 0 0 6 New Waiotahi < 4s paid) 1 1 Ditto (con.) .. .. 0 0 S Occidental Una (2s paid) .. .. .. .. Ditto (con.) .. .. — Ohinemuri 0 7 2 0 7 0 Ditto (pref.) .. .. 0 6 — Waihi — Waihi Grand, June. 0 1 4 0 1 1 AUSTRALIAN— Mount Lyell .. .. — DEBENTURES— Auck. Gas, 1932. 5 94 0 0 90 Auckland Harbour Board. 5J p.c. .. 10 0 0 Ditto. 6 p.c.. 103 10 0 Bor. Devonport. 6 . 101 0 0 Bor Mt. Eden, 5? 102 10 105 0 0 102 0 104 1*» 0 100 0 0 Bor. Ngaruawahia. 6 104 10 0 99 0 0 Bor. Gisborne, 6.. N.Z. Breweries 1 3 0 Milne & Choyce .. Glaxo Hamilton Theatres 102 0 Ditto. 8 p.c 102 0 0 — KOVERN'MENT BONDS — N.Z. Gov War Loan. 1938. 4’ 15 0 97 Ditto, 1939. 41 97 15 0 6 Ditto, 1941. 4 6 Ditto. 1933, 55 .. Ditto, 1936. 51 .. — INSCRIBED STOCK N Z. Gov. War Loan 1938, 41 97 5 0 Ditto, 1939, 4; . . 97 10 0 Ditto, 1933, 55 . . 100 15 0 100 0 0 Ditto, 1936, 55 .. 100 15 0 100 0 0