FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 421, 1 August 1928, Page 12

FINANCE & MARKETS

Market Active on ’Change

Huddart-Parkers Improve

THE tone on the market is decidedly brighter, and many transactions have been recorded. Huddart-Parker shares have improved again, and business has been reported at 495.

Rank securities are steady, Commercial of Australia are keenly sought a ftef at increased figures, Nationals *>f New Zealand sold at yesterday afternoon’s call at £7 4s, while Unions of Australia have steady buyers, ex dividend, at £l4 16s, sellers, £ls. Auckland Gas are selling freely <it ~‘-s 4d, leaving further buyers at this figure, sellers 22s sd. The brewery market is quiet with the exception of New Zealand, which sold at 44s 6d at last call yesterday and at 45s at mid-day to-day. Electrolytic Zinc, both ordinary and preference stocks, are attracting considerable attention and keen buyers are appearing for both stocks. Wilsons (N.Z.) Portland Cement are selling freely at 38s Cd, leaving the market unchanged.

Mining is lifeless, -with the exception of Ohinemuri Gold and Silver and Waihi Gold Mining Company, these shares being- well supported. Yesterday afternoon’s business.—On ’Change: Bank of New Zealand, £2 19s 9d. Reported: National Bank of New Zealand, £7 4s; Auckland Gr,:, £1 2s 4d; Leyland-O’Brien Timber, £1 12s: Wilsons (N.Z.) Portland Comment, £1 18s 6d; Waihi Gold Mining Company, 12s 6d; New Zealand Inscribed Stock, 1938, 41 per cent., £99. Business at this morning’s early call. —On 'Change: Reported, HuddartParker Shipping, £2 9s; Colonial Sugar (Australia), £SB 15s; Grey and Menzies, 10s 2d. Business at to-day’s mid-day call.— On ’Change: New Zealand Breweries, £2 ss. Reported: New Zealand Insurance, £ 2 3s.

TO-DAYS QUOTATIONS

SOUTHERN EXCHANGES

YESTERDAY’S SALES Press Association. Wellington.—Colonial Sugar, £59; Bank of New Zealand, 60s; National Bank of Australasia (£lO paid), £lB 14s Gd; National Bank of Australasia (£5 paid), £9 Gs 9d; Bank of Australasia, £l4 17s 6d (two); English, Scottish and Australian Bank, £8 11s Gd; Bank of New South Wales, £SO; Union Bank, £ls 6s Gd; Goldsbrough Mort., 51s 3d (two); Sharland and Company, 20s. Christchurch.—Commercial Bank of Australia, 30s 9d; National Bank of Australasia (£lO paid), £lB 16s; National Mortgage, S6s: Electrolytic Zinc (ord., cum div.), 32s lOd; New Zealand Farmers’ Co-operative (6£ per cent, stock, 1935), £BS; Mahakipawa, 3s 3d (three); National Insurance, 16s; Dalgety and Company. £l4 15s; Goldsbrough, Mort., 51s 3d; Christchurch Gas (cum div.), 24s 6d; Ohinemuri Gold and Silver, 7s. Dunedin.—Bank of Australasia. £l4 17s 6d: New Zealand Breweries (shares), 44s 6d; New Zealand Breweries (debentures), 245; National Insurance, 16s. BUTTER AND CHEESE LONDON MARKETS G. Paviour Smith reports having received, under date July 31, the following market report from London:— Market quiet. Butter, 180 s to 182 s; cheese, steady, 110 s to 112 s.

HOKIANGA DAIRY COY.

SATISFACTORY YEAR (Prom Our Own. Correspondent) KOHUKOHU, Tuesday. : The annual meeting of shareholders of f the llokianga Co-operative Dairy Company was held here this afternoon and was attended by fully 300 shareholders. 1 The chairman, Mr. W. Grounds, presided. Mr. Grounds congratulated the share - l holders on the season's operations. Not- ; withstanding a slight decline, which was inevitable on account of the dry spell, the season’s output proved that suppliers were taking up dairying as a great business proposition. Prices on the whole had been satisfactory. The chairman referred to the high level of the grading of cream. A great deal was due to the efficiency of the factory staff and equipment. Last season for the first time the factory had worked right throughout the winter, and this would be the regular procedure in future. Speaking of the future requirements of the company, Mr. Grounds referred to the action of the directors in deciding to build a concrete dam at Motukarara to ensure an adequate supply of water. The directors had decided upon the purchase of the dam watershed. It was the intention to start a canvass for a group herd-test-ing organisation. Referring to the balance sheet, Mr. Grounds said the directors were making arrangements to pay an intermediate bonus of 23d a lb butter-fat for the whole season. A final bonus would be paid when all the butter in stock in London had been realised. The recent appreciation in London values made it clear that the final bonus payments would be considerably better than the balance sheet indicated, the value of stocks having been taken on a very conservative basis. LONDON MARKETS THE METAL MARKETS (Quotations on July 26 in parentheses.) Copper.—Spot, £62 14s 43d (£62 15s 7?.d); three months, £63 3s lAd (£63 3s lid). Electrolytic Copper.—Spot, £6S 15s (£6B 15s); three months, £69 5s (£69 ss). Wire Bars.—Spot, £6O 5s (£69 ss); three months, £69 os (£69 ss). Lead.—Spot, £2l (£2O 18s 9d); three months, £2l 2s 6d (£2l 3s 9d). Spelter.—Spot. £25 Is 3d (£24 15s); three months, £24 37s 6d (£24 17s 6d). Tin.—Spot, £214 12s 6d (£221); three months, £213 2s 6d (£2lB 7s 6d). Silver.—Standard, 27 5-16 d (27 7-16 d) per ounce; fine, 291 d (29 5-Sd). WHEAT Wheat.—Cargoes are in quiet demand and prices are unchanged, tending to easier. "Part of the Bosworth’s cargo sold at 47s 6d, the Indianic’s at 47s lOtd to 4Ss lid. Parcels are in poor request at an occasional decline of 3d. Liverpool futures—July, nominal; October, 9s 5 3-8 d per cental; December, 9s 7ld. 1 BRADFORD TOPS The Bradford tops market is very dull and practically no interest is shown. Prices are barely maintained. P. AND O. SHARES P. and O. deferred stock is quoted at £237 10s. ________

Closing quotations at today’s mid Sellei Buyers. . £ a. d. £ a. d. BANKS— Bank of Australasia 14 18 0 14 15 0 < 'oin. of Aus 1 JO 9 1 10 3 Ditto (con.) .. .. 0 19 3 Ditto (pref.) . . . . 7 6 Eng., Scot, and Aus. s 12 0 Nat. of N.Z 7 3 0 Nat. of Australasia 18 12 0 Ditto (con.) . . . . 9 7 0 9 6 0 New South Wales . 5ft 0 0 Now Zealand .. 3 0 0 19 9 Ditto, D Mort. (20s paid) 1 7 0 6 Union of Australia . 15 0 0 14 16 0 INSURANCE— National .. 0 16 1 ft 15 10 New Zaland •• 3 6 3 0 South British ..... 0 3 Standard — 3 4 6 DOAN AND AGENCY— Farmers' Co-op Auctioneering 3 0 0 12 0 Coldsbrough, Mort 1 1 9 10 9 Newton King (pref) 0 6 0 N.Z. and River Plate 1 10 3 N.Z. Guar. Corp. . . 0 9 3 0 8 9 N.Z. Doan & Merc. — 106 0 0 Ditto (pref.) .. .. — SO 0 0 CO AD— Renown (ord.) .. .. 0 12 6 — Hikurangi 0 6 4 0 5 LO Ditto (pref.) .. .. 0 9 3 Ditto (A pref.) .. 0 9 6 ft 8 6 — 3 8 6 Taupiri — 1 6 6 Ditto (pref.) .. .. — 1 3 0 Waipa 0 14 6 Westport Westport-Stockton . — Ditto (pref.) .. .. — GAS— Auckland » 1 2 5 1 2 4 Ditto (con.) .. 0 17 0 ft 1G 6 SHIPPING— Devonport Steam .. 1 4 0 1 3 0 Huddart-Parker 2 Northern Steam .. 0 14 9 0 6 Ditto (con.) .. .. P. & O. (def. stk.). 240 0 Union Steam (pref.) — 1 0 0 TIMBER — Kauri Timber .. .. 0 19 3 0 18 6 Deyland-O’Brien .. 1 13 0 1 * WOODDEN — Kaiapoi ... — 0 1ft 3 Ditto (con.) .. .. Ditto (pref.) .. .. Mosgiel 6 19 0 Wellington — Ditto (pref.) .. .. — BREWERIES — C. D. Innes (pref.). 1 1 0 0 IS 0 N.Z. Breweries 2 G 4 • 9 J. Staples and Co. — 1 16 6 MISCEDD ANEO U S— Auckland Amusement Park .. .. 0 7 0 British Tobacco 2 3 0 2 3 Burns Philp .. 2 b ft Checker Taxicab .. 0 5 0 Colonial Sugar (Australia) . . . . 5f 0 0 58 0 ft Dental and Medical ( 14 Dominion Pictures. 1 1 ft Ditto (pref.) .. .. 1 1 0 Electrolytic Zinc (ord.) 1 12 6

day call were: — Sellers Ditto (pref.) .. .. 1 13 0 Gear Meat 0 0 Grey and Menzies . 0 10 0 Hayward’s Pictures 1 1 0 0 19 6 Henry Jones .. .. 1 16 0 Hill and Plummer .. 1 9 N.Z. Drug3 10 6 3 S 6 Lewis Eady, Ltd. (ord.) — 1 2 0 Milne and Choyce .. 1 4 6 Ditto (pref.) .. .. 1 4 6 Ditto (B pref.) . 1 4 6 Ditto (deb. stock) 1 4 Morris Hedstrom .. 1 1 3 1 0 3 National Pictures .. 0 13 0 Farmers’ Fertiliser. 4 8 0 4 0 0 N.Z. Paper Mills .. — 0 15 6 N.Z. Refrigerating- . — 0 18 3 Ditto (con.) .. .. 0 8 Northern Boot.. .. 0 18 0 Robinson Ice Cream 1 0 1 2 3 Sanford, Ltd 0 19 6 Ditto (pref.) .. .. 1 0 3 Sharland and Co. . 1 0 3 0 19 6 Taranaki Oilfields .. 0 9 9 0 8 3 Thames Theatre .. 1 0 0 Tonson Garlick 0 11 9 Union Oil 2 3 6 2 0 Whittome Stevenson 2 6 9 Wilsons Cement 1 IS 9 1 17 9 MINING — Moanataiari (paid) . 0 1 9 Ditto (con.) .. .. 0 0 6 Golden Age (paid). 0 0 3 0 0 1 New Waiotahi (4« paid) .. .. .. .. 0 0 4 Ditto (con.) .. .. 0 0 6 Occidental Una (con.) 0 0 5 Ohinemuri 0 7 2 0 7 0 Ditto (pref.) .. .. — 0 7 3 Waihi 0 12 0 12 Waihi Grand June. 0 1 6 0 1 4 Mount Lyell . . .. 1 16 0 1 15 3 DEBENTURES— Auckland Gas, 1932. 5 93 0 0 Auckland Harbour 4 p.c .. — so 0 0 Ditto, 54 p.c. .. .. 95 10 0 Ditto, 5J p.c 99 5 0 i City of Auckland, 1940. 61 p.c — 95 10 0 Ditto, 1943, 5i p.c. — 99 7 6 Borough of Devonport, 6 p.c 1U0 0 0 Borough of Mt. Eden, 55 p.c 100 0 0 102 0 0 Borough of Hamilton 6 p.c N.Z. Breweries 1 4 0 1 9 Hamilton Theatres 105 0 0 106 0 0 Glaxo 9b 0 0 90 0 0 GOVERNMENT BONDS— War Loan 1930, 4'j — OS 10 0 Ditto, 1938, 4i p.c. — 98 10 0 Ditto, 1939, p.c. 98 10 0 Ditto, 1941, 4 h P.c. 98 12 6 Ditto, 1933, 5i p.c. 101 5 0 10(1 10 0 Ditto, 1936, 5£ p.c. — 100 lb 0 INSCRIBED STOCK War Loan, 1938, 4fc — 98 10 0 Ditto, 1939, 4i p.c. 98 17 6 Ditto, 1927-41, 5J 98 15 0 Ditto, 1933, 5i p.c. 100 17 6 Ditto, 1933, 54 p.c. 92 0 0 Ditto, 1936, 5* p.c. — 100 15 0