Markets and Money

Sun (Auckland), Volume II, Issue 331, 17 April 1928, Page 12

Markets and Money

A Review for Business Men

A ON THE ’CHANGE / MARKET IN GOOD TONE 5 INSURANCES QUIET A healthy tone was registered on •Change this morning, and a steady volume of business was put through outside the call room. In banks, Commercials are firmer, buyers at 28s 2d not attracting sellers. The market for most other scrip in this section remains steady at late quotations. Insurances are quiet with no alteration in the market. Westport Stocktons are still being dealt with on a market firm at 2s 5d for the ordinaries, with the only tendency at the moment upward. Northern Steamships were dealt with at 15s Id for the ordinaries, with more wanted at 15s. Timbers continue depressed with many sellers, but buyers hard to locate. Breweries are active around 45s 7id, with steady buyers in at 455. SALES REGISTERED Yesterday afternoon’s call:—On ’Change: Auckland Gas Cord.), 225; Wilsons Cement, 38s. At this morning’s 10 o’clock call: Reported: Westport Stockton Coal Cord.), 2s sd; New Zealand Breweries, 4os 7£d; New Zealand Inscribed, 1938, 41 per cent., £97 10s. At to-day’s mid-day call: —On ’Change: Bank of Australasia Cfractions). 9s. Reported: Auckland Gas (paid), 225; Northern Steam Cpaid). 15s Id: New Zealand Breweries, 45s 7Jd; Hayward’s Pictures, 20s. MID-DAY QUOTATIONS Closing quotations at mid-day to-

IN THE MARKET PLACE FRESH BANANA SHIPMENT EGGS PRICES ERRATIC A fresh shipment of 15.000 cases of ! bananas from the Fiji group came to hand on the Tofua yesterday. Most lines of fruit and vegetables in the City Marts are selling freely with little alteration in values. fTH? market for apples remains steady, fairly large offerings of lower grade sorts . helping to keep the market down. Good dessert pears sell freely. With ample supplies still coming forward, the price of tomatoes registers little improvement. Local lemons are very scarce. The Fiji shipment of bananas was considerably smaller than late arrivals. A large portion of the shipment will be sold ex the ship’s side. In the field and garden produce section lettuces are heavily supplied, but the quality, generally, is not the best. Few local onions or potatoes are passing through the marts, and the greater portion of the offering of these vegetables is being drawn from the South. Generally it can bo said that the effect of the drought earlier in the season is passing away and green vegetables of all descriptions arc coming forward more freely. The egg market is rather erratic at the moment owing to the great variety of grades offering. The market is short of well-developed fowls’ eggs, and these sell at a high premium. Small and pullets eggs are oversupplied selling up to lOd below the top price, which has moved up to Is lOd a dozen. Quotations lifted from the City Marts this morning ranged as follow: Fruit Apples.—Cox Orange, 8s to 10s 6d a case; Delicious, 3s to 6s; Jonathans, 4s to 6s 6d; Ballarats, 5s 6d to 7s; Munroes, 4s to 5s 6d; Granny Smith, 5s to 7s. Pears. —Louise Bon, 8s to 10s a case: Beurre Diel, 5s to 6s; Beurre Bose. 5s to 8s; Coles and Nellis. 9s to 11s. Tomatoes —Local, choice, 4s to 5s a case; Hutt, 3s to 4s 6d; others, from Is. Lemons. —Local, 15s to 20s a case. Grapes.—Hothouse. Colman, choice, Is 8d to 2s a lb.; No. 2. Is to Is 4d a lb; Te Kauwhata, 10s 6d to 16s a case. Cape Gooseberries.—7d to 8d a lb Quinces. —Gs 6d to 10s a case. Passions.—3s to 6s '6d a case Bananas.—Repacks. ?0s to 25s a case. Oranges—American Navels, 42s 6d to 45s a case; American Valencia. 475. Persimmons.—ss to 7s a box. (Is to Ss a box. Egg Fruit.—os to Ss a half case. Vegetables Potatoes.—Southern, 7s to 8s a cwt.; local, 4s to 6s 6d a cwt. Onions. —9s to 11s a cwt. • Kumeras.—l4d to lid a lb. Cabbage.—ss to 17s a sack. Cauliflower.—ss to 13s a sack. Swedes. —2s 6d to 4s a bag. Pumpkins.—6s to 11s a cwt. Green Peas. —4d to 6d a lb. Beans.—Heavy supplies, 3s 6d to 6s 6d a bag. Lettuce. —Is to 4s a case. Quotations for eggs and butter and the smaller parcelled vegetables will be found in the Kit Bag column on another page.

BUTTER AND CHEESE OFFICIAL RESUME The New Zealand Dairy Produce Board reports receipt o* the following cable from its London office, dated April 13, the prices for the previous week being given in parentheses:— Butter New Zealand: Finest salted, 166 s to 168 s, up to 172 s per cwt (168 s to 1745), unsalted, 168 s to 170 s (170 s to 1765). Deliveries New Zealand this week, 1,018 tons; in store, New Zealand, this week, 6,490 tons Aui ralian: Finest salted, 158 s to 162 s (lC2s to. 1665). Argentine: Finest unsalted, 156 sto 160 s (158 s to 1625). Irish, creamery: Salted, 170 s; unsalted, 1745. Dutch creamery: Unsalted, 178 s to 180 s (186 s to 18Ss). Danish: Spot, 180 sto 182 s (192 sto 1945); f.0.b., 172 s to 173 s (186 s to 187 s). Estonian: Salted, 170 s; unsalted, 172 s (180 s to 184 s). Latvian: Salted, 170 s (180 s); unsalted, 172 s (182 s). Siberian: 156s' to 158 s (164 s to 168 s). Market slow. Retail prices unchanged. Cheese New Zealand: White and coloured, 96s to 975, up to 98s (98s to 995, up to 100 s). Canadian: Finest white, 108 s to 112 s (108 s to 112 s); coloured, 104 s to 106 s (104 s to 106 s). Australian: Finest white and coloured, 94s to 955. Market steady. English' finest farmers: Stocks cleared. Retail prices unchanged. North American Quotations The board has also received the following advice from its agents in Canada: Butter: New York, 45 cents (ls lOid); Montreal, 38 cents (Is 7d). Market weak. San Francisco, 40 cents (Is 8d). SOUTHERN EXCHANGES TO-DAY’S SALES Dunedin. —Reported: Union Bank, £l4 14s sd; Commercial Bank, £1 Ss 4d. FRENZIED “BULL” SESSION CHICAGO WHEAT MARKET (United P A.—By Telegraph Copyright.) Reed. 10,22 a.m. CHICAGO, Monday. The Board of Trade witnessed another frenzied “bull” session, as all future deliveries of wheat jumped two cents to new high levels on heavy buying by the general public, and unfavourable news reports. PRICES FOR KAURI GUM Ruling quotations for kauri gum during the past fortnight are given by the Kauri Gum Control Board as follows: White Gum: Seven-eighth. scraped, 150 s; bold range, nuts, 70s; small, poor, 60s. Black Gums: Seven-eighths, scraped, 130 s; three-quarter, . scraped, 120 s to 1265; good black, bold, 50s to 525; ordinary black, small, 33s to 355; good sifted chips, 25s to 28s; medium, 20s to 225. t Swamp Gum: Good hearty, 35s to 40s; poor, 2Ss to 325. Bled Bush: Medium, 100 s to 110 s. At present there is little demand for white gum, and practically no demand for poor black chips and dust.

Sellers. Buye BANKS— £ s. d. £ s. d. A us. Bank of Commerce * V 3 1 13 Bank of Adelaide . . 9 i. 6 Bank of Australasia 14 : 16 0 14 0 Com. Bank of Aus. 1 S Ditto (pref.) .. .. 17 Ting., Scot, and Aus. 8 9 6 S 7 Nat. Bank of N.Z. . . 7 0 Nat. Bank of Australasia 17 18 0 Ditto (con.) . . . . 8 18 6 New South Wales . 48 2 6 47 10 0 New Zealand .. 3 0 6 3 0 0 Ditto D. Mort. (20s paid) 1 6 0 Union of Australia 14 16 14 14 INSURANCE — A.P.A 0 10 0 0 8 ft National .. 0 15 10 0 15 New Zealand .. •• 1 0 2 0 • 3 South British .. .. 3 0 0 2 19 3 LOAN AND AGENCY— Dalgety and Co. .. 14 2 6 Farmers’ Co-op. Auc. (A pref.) 0 16 6 0 15 0 Ditto (B pref.) .. 0 lb ft Goldsbrough, Mort . . 9 9 9 Newton King, Ltd. (pref.) 0 12 6 0 10 N.Z. & River Plate' N.Z. Guar. Corp. (ord.) 9 8 4 N.Z. Loan and Merc. 100 ft 0 Ditto (pref.) .. . 81 0 0 COAL— Hikurangi 0 4 2 0 S Ditto (pref.) .. .. 0 9 3 0 7 0 Ditto A (pref.) . , 0 9 0 0 Pukemiro Taupiri Ditto (pref.) .. .. 1 Wa ipa 0 15 0 AA estport 1 10 6 Westport-Stockton . 0 9 ft 3 Ditto (pref.) .. .. 0 4 0 0 3 8 GAS— Auckland 1 2 Ditto (con.) .. .. 0 16 6 0 15 9 Birkenhead 16 0 SHIPPING— Devonport Steam .. 1 Howard Smith .. .. 1 8 0 Huddart-Parker .. . 8 0 2 Northern Steamship 0 15 3 0 Ditto (con.) .. .. 0 7 5 0 7 0 P. & O. (def. stk.) — 248 0 0 TIMBER— Bartholomew .. .. Kauri 1 2 6 1 1 0 Leyland-O’Brien 1 15 6 National 12 Parker-Lamb .. .. 0 19 0 — BREWERIES— C. L. Innes and Co. Ltd (pref.) . . . . 1 ft ft N.Z. Breweries, Ltd. 2 7 0 2 5 0 MISCELLANEOUS— Auck. Amuse. Park 0 10 0 A. J. Entrican & Co. (pref.) ft 19 0 Australian Glass 4 6 2 3 6 British Tobacco ft 9 0 0 Burns, Philp .. .. 0 Bycroft, Ltd 1 1ft 0 Checker Taxi. 0 18 0 Ditto (con.) .. .. 0 8 0 Colonial Sugar (Aus.) 59 0 58 5 0 Electrolytic Zinc. (ord.) 1 11 9 1 11 0 Ditto (pref.) .. .. 1 12 0 Fullers’ Pictures . 1 ft 0 Gear Meat 1 IS 0 Grery and Menzies 0 12 0 Hayward’s Pictures 1 0 3 0 19 6 Henry Jones Co-op. 1 17 0 Hill and Plummer 1 2 6 H.M. Arcade Theatre (pref.) .. .. 1 ft 0 Holden’s Motors 1 8 9 Kempthorne Prosser 3 7 0 Lewis Eady (pref.) 1 0 6 Milne and Choyce. 1 4 0 Ditto (pref.) .. .. 1 4 0 Ditto (B pref.) .. 1 4 0 Ditto (deb. stock) 1 3 0 N.Z. Farmers’ Fertiliser Co IS 0 N.Z. Paper Mills.. 0 17 0 N.Z. Refrigerating. 0 16 Ditto (con.) .. .. ft 8 ft 0 Northern Boot 0 IS 0 Perdrian Rubber .. 1 10 9 Sanford, Ltd 1 0 Ditto (pref.) 1 1 0 Sharland and Co... 1 u 9 Taranaki Oil 0 9 0 Thames Theatre .. 1 0 0 Tonson Garlick .. . 0 13 0 Union Oil 0 0 A\ hittome Stevensons 8 0 5 G Wilsons Cement 1 18 0 1 17 9 MINING— Alburnia 0 1 6 Moanataiari (pd.) 0 1 11 ft 1 2 Golden Age (paid). 0 0 4 0 0 1 Kuranui 0 0 Lucky Shot (2s pd.) 0 0 6 New AN aiotahi (4s paid) 1 ft ft 0 S Ditto (con.) 0 0 0 0 oi Occidental Una (2s paid) 0 1 9 Ditto (con.) 0 1 Ohinemuri (ord.) .. 0 1 0 7 0 Ditto (pref.) . . .. 0 6 A\ aihi 0 11 0 0 10 Waihi Grand Junetion 0 1 5 0 1 2 AUSTRALIAN— Mount Lyell 1 12 6 1 11 9 Auckland Gas. 1922. j 90 0 0 Auckland Harbour Board, 51 0 0 Dittc, 6 103 10 0 Bor. of Devonport, 6 100 0 0 Bor. of Mt. Eden, 53 102 0 0 100 0 0 Bor. of Hamilton, 6 100 0 0 Hamilton Theatres 7 per cent 101 0 0 Ditto, S per cent. 102 0 0 N.Z. Breweries .. . . Glaxo — 90 0 0 GOVERNMENT BONDS War Loan, 1938, 4i >7 ft Ditto, 1939, 4J .. — 97 0 0 Ditto, 1941, 4a .. 97 10 0 Ditto, 1933, 54 .. Ditto, 1936,. 54 .. — 100 0 0 INSCRIBED STOCK i War Loan, 193S, 44 - 1 Ditto, 1939. .. - 1 Ditto, 1933, 51 .. 1 Ditto, 1031, 6 .. .. 102 10 0