Markets and Money

Sun (Auckland), Volume II, Issue 338, 25 April 1928, Page 12

Markets and Money

A Review for Business Men

ON THE ’CHANGE

HOLDEN’S MOTORS FIRM WAIHIS IMPROVE Though th» volume of business reported is small, a healthy tone prevailed on ’Change this morning. Bank.'' and insurances continue firm at late i ates. New Zealand Breweries are active-, and sellers withdrew after a sale at 46s 6d. Buyers offer 465. In mining, Waihis have firmed to see sellers at 13s 3d supported by buyers at 12s 6d. SALES REGISTERED At Tuesday afternoon’s call: Bank of Australasia (fractions), 9s; National Insurance, 15s 9d; South British Insurance (cum. div.), 59s 9d; Auckland Gas (con.), 16s 2d; Waihi Mining, 12s 6d; City of Auckland, 1960, sj» per cent., £99. At this morning’s iO o'clock call: On ’Change: New Zealand Insurance, 41s; Auckland Gas (con.), 16s 2d. At to-day’s mid-day call. Reported: Bank of Australasia (rights), 60s; New Zealand Breweries, 46s 6d. MID-DAY QUOTATIONS Closing quotations at to-day’s mid-day call were

SOUTHERN EXCHANGES

TUESDAY’S SALES Press Association. Christchurch. —Bank of Adelaide. £9 14s 6d; Commercial Bank of Australia, 28s 6d; English, Scottish and Australian Bank (cum div.), £8 9s; National Bank of Australasia (£5 paid), £8 19s; New Zealand Re frigerating (con.), 7s lid (5 parcels), 8s (2 parcels); Bank of Australasia (fractions), 9s 6d, 9s 3d (2 parcels); New Zealand Breweries, 46s 6d (3 parcels); Tooth's Breweries, 43s 6d (4 parcels); New Zealand Farmers’ Co-op. <6i per cent, stock, 1930), £SO los; Waihi, 11s lid, 12s; Bank of New Zealand, 60s; Goldsbrough, Mort., 49s 6d. Dunedin. —Goldsbrough, Mort., 49s 9d; Bank of Australasia (fractions), 9s 6d; Bank of New Zealand, 60s; Refrigerating (paid), 16s 8d; 41 per cent. Inscribed Stock. 1939, £97 15s; E.S. and A. Bank, £8 9s.

STOCK MARKET REVIEW

FIRM VALUES CONTINUE FEWER STORES MOVING A gradual falling off in the offerings of store stock, particularly ewes, is noticeable in all centres. Prices continue firm, however, with fat stock meeting with a strong market. A short yarding of light to medium weight cattle at Westfield on Tuesday changed hands on a market firm at previous week’s easier rates. Choice ox sold up to 355, with a few lines making perhaps a shade more. There was little in the offering of either ox or cow beef to induce buyers to pay premium rates. Two lines of rather well-finished medium weight cattle, one from the Whakatane district and ore from the lower Waikato, helped to bring up the average quality of the yarding. One or two of the best known "Westfield vendors such as B. Reed (Waerenga), Jas. Taylor (Cambridge), and H. Bayly (Okoroire) had lines forward, but none of the cattle were heavy prime, qualifying merely for the term “nicely finished.” At Addington on Tuesday there was a free sale for well-finished beef. Best made from 38s to 41s a 1001 b, a few to 425; heavy and medium quality made 35s 6d to 37s 6d; secondary, 33s to 355; extra prime heifers, to £l3 7s 6d; prime heifers, £ll to £l2 15s; medium heifers, £0 5s to £lO 15s; light heifers, £5 15s to £0 10s; extra prime cows, to £l3 2s 6d; prime cows, £lO 5s to £l2; medium cows, £8 5s to £10; aged cows, £4 10s to £7. Tuesday’s market at Westfield for fat sheep opened up slightly under last week’s higher levels, but soon improve* to see firm values rule for the greater part of the sale. With a large percentage of big-framed prime wethers forward, the demand for ewes suffered slightly, though there was no appreciable change in the market once buyers getf; under way. Quality for quality that of the ewes was below that seen in the wether pens, and though there were many lots of well-finished ewes, comparatively speaking, they did not carry anything like the weight of wool seen on the wethers. The greater part of the yarding came from near-Auckland vendors. Buyers for the big butchering firms seemed more inclined to operate and the biggest yarding for some weeks was largely absorbed by these men. Wellfinished heavy prime wethers made up to 36s 6d, ewes made to 29s 3d. The fat sheep market in all parts of the Dominion is firm and offerings in all parts are quickly snapped up. A record yarding at Poverty Bay last week sold at firm prices, and quotations from that quarter lead to the assumption that there should be a fairly safe margin for the Auckland dealer who is prepared to handle small lots, and can hold to suit the market at this end. Feilding also reports steady business, though the volume of stock passing through that market at the moment does not appear to be large, and the bulk of business down that way must be in the paddock. At Addington on Tuesday about 70 per cent, of the ordinary entry of fat sheep met with a keen demand. Light prime wethers made 7d to 7£d a lb, and primest ewes 4?d to sd. An average yarding of mostly light and poorly-finished iambs at Westfield met with a good demand at late rates. At Addington only 1,500 lambs came forward compared to 3,890 last week. Values were fully on a par with improved rates for export. Primest made to 355. An exceptionally short yarding of mostly poorly finished and rough calves met with a keen demand for the few prime vealer,s forward, and prices advanced appreciably. At Addington on Tuesday a small entry and sale at last week's values. Best 12 to 18 months cross sorts made £6 10s to £8 10s; vealers, £3 to £6 ss. Fat pigs at Westfield on Tuesday met with a steady demand and prices remained firm. Values were inclined to ease for stores, which, although in shore supply, were not so keenly sought after. NATIONAL INSURANCE DIVIDEND An interim dividend of 4d a share has been declared by the directors of the National Insurance Company. The last sale of the company’s 6s paidup shares was put through in Auckland at 15s 9d. COMPANY REGISTRATIONS Details' of six new private companies recently in Auckland are as follow: — _ . _ North-West Film Company, Limited. Objects: To take, sell and screen films, etc., and to acquire the rights of the film, “Wonderland of North-West Australia.” Capital, £I,OOO, divided into £1 shares. Subscribers: Douglas S. Wylie, 999 sßares, and Alfred H. Mags on, 1 share. Offers, Limited: Objects: To carry on business of boot and shoe importers, etc. Capital, £B,OOO, divided into £1 shares. Subscribers: Edward H. Boyd, 7,500 shares, and Frank W. A. Blackwell, 500 shares. F. Furnell, Limited. Objects : To carry on the business of furniture manufacturers, etc. Capital, £3,400, divided into £1 shares. Subscribers: F. Furnell, 2,900 shares, and K. Furnell, 500 shares. Valintines, Limited. Objects: To carry on in Hamilton and elsewhere the business of motor garage proprietors, etc. Capital, £4,000, divided into £1 shares. Subscribers: Edward N. Valintine, 3,900 shares; R. C. Valintine, 99 shares, and Thomas G. Reynolds, 1 share. Enterprise Builders, Limited. Objects: To carry on the business of builders, contractors, etc. Capital, £SOO, divided into £1 shares. Subscribers: Mrs. Ethel M. Hosking, 397 shares; George R. Hosking, 100 shares; and Colin D. Hosking, Graham P. Hosking and Wallace G. Hosking, 1 share each. Moginie, Cooke and Company. Limited. Objects: To carry on the business of manufacturers and importers, etc. Capital, £3,000, divided into £1 shares. Subscribers: Edith H. Moginie, 500 shares: Herbert W. Cooke, 1.000 shares; Arthur F. Moginie. 500 shares; and Frank Moginie, 1,000 shares.

Sellers. rs BANKS— £ s. d. £ : a. d Aus. Bank of Com - merce 1 14 3 1 13 Bank of Australasia (ox rights) . . . . 14 2 6 Ditto (rights) 3 1 0 19 0 Ditto (fractions) . 0 9 6 0 9 0 Com. Bank of Aus. 1 8 7 1 8 Ditto (pref.) .. .. 6 17 € Eng., Scot., & Aus. 8 9 6 8 8 0 National of N.Z. 7 4 0 New South Wales . . 48 2 6 New Zealand 3 0 3 0 0 Ditto mort. 15s pd) 1 1 0 Ditto, mort., 20s pd. 1 7 0 1 G 6 Union of Australia 14 17 0 14 14 0 INSURANCE— A.P.A 0 10 0 0 8 (• National 0 16 0 0 15 7 New Zealand . . South British (ex - 1 6 2 0 9 div.) 2 ID 3 2 18 9 LOAN AND AGENCY— Farmers’ Co-op. Auc. (A pref.) 0 16 0 0 15 0 Ditto (El pref.) 0 15 0 0 14 0 Goldsbrough, Mort . 10 0 9 G Xational Mortgage . 3 12 0 Newton King (pref.) 0 12 6 0 10 9 N.Z. & River Plate 1 9 0 N.Z. Guar. Corp. .. 0 8 1 N.Z. Loan and Merc. 102 0 0 Ditto (pref.) .. .. — 81 0 0 COAL - Hikurangi 0 4 2 0 3 9 Ditto (pref.) .. .. 0 7 3 Ditto (A pref.) . . 0 6 9 0 6 0 Pukemiro 5 0 3 3 6 Taupiri 1 6 Ditto (pref.) .. .. 11 Westport 0 Westport-Stockton . GAS— 0 2 10 Auckland 1 2 6 1 2 0 Ditto (con.) . . Birkenhead and 0 16 0 16 Northcote 0 16 0 — Thames 0 10 0 — SHIPPING— Devonport Steam . . 1 5 0 _ Howard Smith . . 1 TTuddart-Parker . . Northern Steamship P. & O. (def. stk.) TIMBER— Bartholomew (ex 1 0 Kauri Timber .. .. 1 2 Ley land-O’Brien Parker-Lamb . • .. BREWERIES— C. L. Innes and Co. Ltd. (pref.) .. .. 1 — N.Z. Breweries . . — MISCELLANEOU S— Auck. Amuse. Park A. J. Entrican & Co. 0 9 19 6 - 6 British Tobacco Checker Taxicab . Ditto (con.) .. .. Colonial Sugar 59 0 — Donaghy's Rope Electrolytic Zinc. 13 — Grey and Menzies 6 Haywards Pictures 1 Henry Jones Hill and Plummer H.M. Arcade Theatre (pref.) .. -- Holden’s Motors .. 1 9 Kempthorne Prosser Lewis Eady, Ltd (pref.) ~~~ Milne and Choyce. — Ditto (pref.) .. Ditto (B pref.) .. Ditto (deb. stock) — N.Z. Farmers’ Fer6 tiliser Co N.Z. Paper Mills .. — 1 6 jj N.Z. Refrigerating . — 6 10 Ditto (con.) .. .. 8 Northern Boot 1 ° o Thames Theatre ’a orison Ga.rlick . .. Whlttome Stevenson - 7 18 Jj Wilsons Cement .. MINING — 0 1 4 — Moanataiavi (paid) . — Golden Age (paid). 0 0 ik 0 0 0 3 6 Ducky Shot (2s pd.) New Waiotahi (4s paid) Dit(o (con 0 0 1 0 1 8 0 0 0 0 8 G Occidental Una. (2s 9 paid) Ditto (con.) 9 G Ohinemuri 0 13 3 0 g 12 Walhi Grand June.. u 1 6 0 1 INSCRIBED STOCK Auckland Gas, 1932, 5 105 10 0 91 103 City of Auckland, 1943, 5* p.c 95 10 0 Ditto 1943, ;>i p.c. Bor. Devonport, 6 .. 102 Bor. Hamilton, 6 Hamilton Theatres, 0 102 0 — N.Z. Breweries .. .. 1 4 1 Glaxo — 90 0 u GOVERNMENT BONDS— 97 5 Ditto. 1938, .. Ditto, 1933. 5} Ditto, 1936, 51 INSCRIBED STOCK N.Z. Ins Stock, 193S, 10 0 Ditto, 1939, tl 97 10 Ditto, 1933, 5i Ditto, 1936, 55 — 5