Markets and Money

Sun (Auckland), Volume II, Issue 312, 24 March 1928, Page 10

Markets and Money

A Review for Business Men

ON CHANGE KAURI TIMBERS FIRMER TARANAKI OILS WEAK Banks remain in steady demand on 'Change with more buyers than sellers. Insurances are quiet but steady. South British scrip was done at 59s 9d this morning. In timbers, Kauris have registered n. gradual firming note over the past week to see a parcel done at 22s 7£d yesterday afternoon, with more wanted at 22s 10d this morning. Sellers are hard to locate. Little movement is registered in the miscellaneous section, though the market for most of the better classes of scrip remains in good tone. Taranaki Oils are depressed and not wanted at the moment. Government and local body securities ure in steady demand ■with 1933 and 1936 stocks and bonds registering a slightly stronger tone. SALES REGISTERED "Yesterday afternoon’s business. —On •Change: Northern Steamship (con.), 7s 2d. Reported: Commercial Bank of Sydney, £26 7s 6d: Auckland Gas i paid), 21s lOd; Devonport Steam Kerry. 24s 9d; Kauri Timber, 22s 7£d. This morning’s business.—Reported: 1 Tnion Bank of Australia. £l4 12s; South British Insurance, 59s 9d; Nevr Zealand Inscribed Stock. 1933. per vent., £IOO 10s and £IOO 7s 6d. TO-DAY’S QUOTATIONS closing quotations at this morning’s

KAURI-GUM CONTROL

MEETING OF BOARD The regular meeting of the Kauri Gum Control Board was held at the board’s ollice, Hobson Street, Auckland, on Thursday and Friday, all members being present. Mr. M. H. Wynyard was in the chair. A circular was issued by the board giving a statement of its policy and activities up to date, as well as various suggestions as to getting up and shipping their gum. It was reported that the amount of gum sent to the board for sale is steadily increasing and that possession had been taken of the board’s new premises in Nelson Street extension. This was rendering the transaction of business much easier. Several applications for the upliftment of the reservation over lands included in kauri gum reserves were received from the Lands Department. Inspection had been made of certain of these lands on behalf of the board, which recommended that the applications be granted. Consideration of several applications was deferred. Further applications were received for the granting of gum-buyers’ licences, these being granted with the exception of several held over for further investigation. At the request of the Department of

Industrial arfd Scientific Research, samples of kauri gum are being sent to England for testing, with a view to kauri gum being used for speical purposes. LONDON BUTTER MARKET VALUES SLIGHTLY LOWER By Cable.—Press Association. —< Copyright. LONDON, Thursday. On the London butter market Dominion sorts are less active and prices are slightly easier. New Zealand choicest salted is quoted at 172 s to 1745; unsalted, 174 s to 178 s; Australian, choicest, salted and unsalted, 166sexceptionally choice, 168 s; Danish, 1965. Cheese is firm. New Zealand is quoted at 98s to 100 s; Australian, 96s to 98s.— A. and N.Z.-Sun. LONDON WOOL SALES LIVELY COMPETITION By Cable.—Press Association. — Copyright. LONDON, Thursday. At the London wool sales to-day, 11,411 bales were sold, of which 6,704 were Australian and 3,430 New Zealand. There was a very good selection of Merinos and a small offering of crossbreds, also a few good slipes. There was animated competition in all classes and prices were firm. The following New Zealand clips sold:—“Bank House,’’ top price, 27d; average, 25s.—A. and N.Z.-Sun. CANTERBURY PRODUCE MARKETS Press Association. CHRISTCHURCH, Friday. The oats market is firmer, and sales have been made at 3s 9d a bushel for A grade Gartons, and 3s 5d for B grade, f.0.b., s.i., spread delivery. There is inquiry from Home for B grade Gartons for April-May shipment. There has been little change in the wheat market, and few offerings are being made by farmers. Ryegrass is firm, and quotations are unchanged. Cocksfoot is slightly easier, machine-dressed now being quoted at Is a lb. The North Island demand is easing, and merchants expect it to cease during the next 10 days. The potato market show-s a decline from £5 to £4 15s a ton for prompt delivery. April delivery is still quoted at £5 10s f.0.b., s.i. Onions are down from £6 to £5 15s. CHICAGO WHEAT By Cable.—Press Association. — Copyright. Reed. 9.5 a.m. CHICAGO, Friday. Wheat.—March, 1 dollar 40 1-S cents a bushel; May, 1 dollar 39£ rents; July, 1 dollar 36J cents.—A. and N.Z.

Sellers. Buyers. £ s. d. £ s. d. BANKS— Aust. Hank of Com. 1 13 9 6 Bank of Australasia 13 1 Com. Hank of Aust. 1 8 0 Kng., Scot, and Aus. 7 0 New South Wales . 47 17 19 9 Ditto (20s paid) . . 1 Vnion of Australia 14 14 6 14 INSURANCE — Aust. Provincial 0 11 New Zealand .. .. 2 1 0 2 0 South British .. .. 3 0 0 2 19 0 I.OAN AND AGENCY— Farmers’ Co-op Auct. A (pref.) 0 16 6 1 >itto B (pref.) . . Coldsbrough. Mort 9 2 Newton King (pref.) 0 12 6 N.Z Loan and Merc. 99 0 0 Ditto (pref.) .. .. • — 81 0 rOAl — Kenown (con.) .. .. 0 14 6 12 Hikurangi 0 4 2 0 Ditto (pref.) . . .. 0 8 Ditto (A pref.) 0 6 8 T’ukemiro (ex div.) Taupiri Ditto (pref.) .. .. Waipa 0 16 0 11 AS — Auckland 1 2 0 1 Ditto (con.) .. .. 0 16 3 0 15 SHIPPING— Devonport Steam . 1 J 1 uddart-Parker Northern Steam (con) 0 7 5 TIMBER— Kauri Timber .. .. 1 L0 0 12 I’arker-I.amb ., .. 0 19 0 — WOOLLEN— Kaiapoi — 0 8 0 Mosgiel .. .. •• .. — BREWERIES— O- L Innes (pref.) 1 0 0 N.Z. Breweries, Ltd. 2 J. Staples and Co... 1 17 4 1 16 9 MISCELLANEOUS— Auck. Amuse. Park 0 It 0 A. J Eh trican (pref.] 0 19 0 British Tobacco 2 0 0 1 19 6 Burns, Philp .. .. 2 9 Bycroft, Ltd 1 10 0 Checker Taxicab Co. 0 19 6 Ditto (con.) .. .. 0 9 6 Colonial Sugar (Aus.) 58 5 0 Dental and Medical 0 16 0 Fullers’ Pictures .. 1 0 0 0 18 0 Donaghy's Repo and Twine Co 1 13 Dunlop Rubber Co. 1 3 3 1 2 0 Electrolytic Zinc iOrd.) Ditto (pref.) .. .. 1 13 3 1 11 9 Grey and Menzies . 0 12 Hayward’s Pictures 1 0 0 Henry Jones Co-op. Hill and Plummer . H.M. Arcade (pref.) Lewis Eady. Ltd. (pref.) 1 6 Milne and Choyco .. Ditto (pref.) .. Ditto (B pref.) .. Ditto (deb. stk.) . N Z Farmers' Pertiliser Co 7 N.Z. Paper Mills .. 0 17 N.Z. Refrigerating . 15 Ditto (con.) .. .. 6 Sharland and Co. .. 1 0 9 Tonson Garlick .. .. 0 13 0 Union Oil . .. %• Wairakei, Ltd 0 10 6 — Whittome Stevensons 2 5 Wilsons Cement .. 1 18 0 6 MINING— Alburn la 0 1 6 — Moanataiari (paid) . 0 2 0 5 Ditto (con.) .. .. Empire Reefs (con.) Golden Age ipd.) .. 0 5 Lucky Shot (2s pd.) 0 1 Mr. Welcome (con.) 0 New Wa iota hi (4s paid) 0 1 1 Q Ditto (con.) .. .. 0 5 Occidental Una (2s paid) Ditto (con.) .. .. Obinemuri Ditto (pref.) .. .. 0 Waihl 6 Waihi Grand June. 0 1 6 AUSTRALIAN— Mount Lyell .. 1 DEBENTURES — Auckland Harbour 97 10 0 95 Ditto, 6 p.c.. 103 10 0 Bor. Pevonport, 6 . 101 Bor. Mt. Eden, 53 102 10 Bor. N. Plymouth, 6 105 0 0 102 0 0 104 10 0 100 0 0 Bor. Ngaruawahia, 6 104 10 0 N.Z. Breweries Glaxo Hamilton Theatres Ditto, » p.c 102 0 — GOVERNMENT BONDS N.Z. Gov War I.oan. 193S. Ditto. 1939. ti .. 7 Ditto, 1941. 4L .. Ditto. 1933. Si .. Ditto. 1936. 51 . INSCRIBED STOCK N.Z. Gov.War Loan 19?, S, 45 Ditto. 1939. 41 .. Ditto. 1933. 51 Ditto, 1936, 51 .. 100 —