FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 442, 25 August 1928, Page 14

FINANCE & MARKETS

Market Buoyant

Steady Demand, for Bonds

A BUOYANT tone was registered in the market for all the more popular securities this morning. The volume of business, however, was not big.

Business yesterday afternoon. —On ’Change: Hikurangi Coal (ord.), 6s; Huddart-Parker, 49s 3d; Ohinemuri G. and Ss. Mining (pref.), 9s 6d. Reported: National Insurance, 16s 6d. N.Z. Refrigerating Coy. (con.), 9s 6d; Whit tome, Stevenson, 50s; N.Z. Government Loan, 61 p.e., 1933, £lOl 2s 6d; ditto, 1939, 4£ p.e., £99 ss. Business this morning. On ’Change: Taupiri Coal (ord.), 27s 6d; Kauri Timber, 20s 6d.

Banks and insurances are steady, most scrip meeting with a firm demand. In the loan and agency section, Goldsbrough, Morts are very firm, with no sellers, and buyers improved to 51s. Taupiri coals were dealt with this morning at 27s 6d, leaving sellers at 28s, supported by buyers at 27s 3d. The miscellaneous group is receiving greater attention, with the general tendency upward.

TO-DAY’S QUOTATIONS

Closing quotations at to-day’s mid day call were:

SOUTHERN EXCHANGES

YESTERDAY’S SALES Press Association. Wellington. —Huddart-Parker, 49s 3d, 495, 49s sd; National Bank of Now Zeakxnd, £7 5s 6d; Bank of New Zealand, 61s bd; Union Bank, £ls ss. Christchurch.—Commercial Bank *of Australia, 30s 9d; Commercial Bank of Sydney, £26 19s; Dalgety and Company, £l4 19s 6d (two); New Zealand Refrigerating (£1 paid), 19s; New Zealand Refrigerating (10s paid), 9s 4d, 9s 6d; Kaiapol Woollen (7s paid), cum div., 3s 9d, 3s lOd (two), 4s Id; Christchurch Gas (10s paid), 12s 6d; Tooth’s Brewery, 46s •'d (two), 47s (two); Toohey's Brewery, 31s 4d; British Tobacco, 43s 6d; Mahakipawa, 3s 4d, 3s 3d (three), 3s Id (seven); National Bank of Australasia (£lO paid), £l9 (two). Dunedin.— Huddart-Parker (ord.), 49s 3d; Bank of New Zealand, 61s 6d; Goldsbrough, Mort, 51s 6d. PRODUCE BROKERS’ ASSN. ELECTION OF OFFICERS The annual meeting of the Auckland Grain, Seed and Produce Brokers’ Association of Auckland was held on Thursday. The president, Mr. A. M. Howden, presided. The annual report referred to the loss sustained by the death of Mr. H. D Robertson. Arrangements for the entertainment of Southern delegates of the Grain and Produce Merchants’ Association of New /ea.and, who will hold their conference in Auckland during October this year were discussed. The election of officers resulted as follows:—President, Mr. A. M. Howden; hon secretary and treasurer, Mr. J. M Hall; hon. auditor, Mr. G. H. Masfen: executive Messrs. S. C. Gilfillan. R. T Postles, R. B. Herbert, A. S. Pratt, P. M. Gannaway. '

HOBSON FARM FRIESIANS

THIRD ANNUAL SALE The third annual sale of pedigree Friesian dairy cattle by Hobson Farm. Ltd., was held at Wharepapa, Helen sville, on Thursday, and attracted a good attendance of buyers. The highest price of the day was 100 guineas, paid by W. H. Turner, of Aongotete, for the 10-months-old bull, Hobson Zozo Champion, whose three nearest dams averaged 881.451 b of but-ter-fat. The yearling bull, Hobson Ensign Ollie, was purchased by Dalgety and C9mpany, Ltd., on behalf of a Brisbane client, for 95 guineas. The highest price for a heifer was 60 guineas, paid by W. H. Madill, of Ivohimarama, for Hobson Princess Pontiac 2nd. The heifer, Hobson Maplewood Zozo, was purchased by W. A. Maria, of Kait:*ia, for 56 guineas. Other sales, with the purchasers, included the following:—Bulls, Hobson Ensign 13th 63gns„ G. H. Hay, Ellerslio; Hobson Ensign 29th, 52gns, D. w Ariell, Cambridge; Hobson Zozo 12 th" 37gns, W. Unsworth. Ngongotaha: son Prince 2nd, Signs, A. Dimmock, Maramarua; Hobson Ensign 31st, SOgns Bradley Brothers, Helensville. Heifers Hobson Korndyke Zozo, 50gns, V. ruckle, Gore; Hobson Jannette Pontiac i\Gore; Hobson Maid Pontiac 40gns, W. H. Madill. Kohimarama; Hobson Time 7th, Valdessa, 38gns. MV .?• Maria, Kaitaia; Hobson Royal han-a Cl 37£gns, H. R. Cooper, OtoroCHICAGO WHEAT MARKET (United P.A.—By Telegraph — Copyright) (Australian and N.Z. Press Association.) Reed. 9.29 a.m. CHICAGO, Friday. Wheat —September, 1 dollar 9 7-8 cents a. bushel; December, 1 dollar 15 cents-22ai-8’ cents llar 195 cents; May > 1 dollar

Sellers. Buye rs. BANKS— £ s. d. £ s d. Australasia 14 17 6 Cora, of Australia . 1 11 0 1 10 Ditto (pref.) .. .. Y 3 6 Com. of Sydney 26 7 6 Eng., Scot. & Aus. 8 9 6 Nat. of N.Z 7 0 4 0 New South Wales . . 50 0 0 New Zealand . . 3 1 3 Ditto (D mort., 20s paid) 1 7 1ft Union of Australia . 15 8 0 15 3 0 INSURANCE— 0 9 ft National 0 16. 8 New Zealand .. .. 3 6 South British .. 2 6 Queensland 4 0 0 United — 11 0 0 LOAN AND AGENCYAbraham & Williams (pref.) 4 3 6 Farmers’ Co-op. Auctioneering 3 0 0 12 0 Ditto (A pref.) 0 16 0 Ditto (B pref.) .. 0 16 0 0 15 ft Goldsbrough Mort.. 11 0 Newton, King, Ltd. (pref.) fi 0 6 9 N.Z. & River Plate 1 10 6 N.Z. Guar. Corp. (ord.) 0 9 1 0 8 10 N.Z. Loan & Merc. no 0 0 Ditto (pref.) .. .. 82 0 0 N. Auck. Farmers' Co-op. (ord.) . .. o Ditto (JB pref.) .. 0 Farmers’ Trading (ord.) 0 8 ft 0 6 Ditto (A pref.) 0 16 0 Ditto ( B pref.) .. — 0 9 0 COAL— Hikurangi .. G •J! 0 Ditto (pref.) .. .. 0 Ditto (A pref.) .. 0 9 3 0 Pukemiro Renown 0 12 0 0 Taupiri 1 8 0 1 7 Waipa 0 14 Westport-Stockton . Ditto (pref.) .. .. — 0 4 0 GAS— Auckland 1 n 1 Ditto (con.) .. .. 0 17 0 0 16 6 SHIPPING— Devonport Steam . 1 Howard Smith .. . Huddart-Parker . .. 2 Northern Steamship 0 14 8 0 Ditto (con ) .. . . 0 10 P. & O. (def. stk.) 232 Union Steam- (pref.) — 1 0 0 TIMBER— Bartholomew .. .. - tKauri Timber . . .. 1 1 Leyland-O’Brien 1 16 National 0 11 0 Parker-Lamb .. .. 0 17 6 WOOLLEN— Kaiapoi .. .. • • .. Ditto (con.) .. .. Ditto (pref.) .. .. 0 14 Mosgiel Wellington Ditto (pref.) .. .. — 6 6 0 BREWERIES— Innes and Co. (ord.) 1 0 6 Ditto (pref.) .. .. 1 0 N.Z. Breweries .. 2 s 3 2 7 6

Sellers Buyc MISCELLANEOUS— Auck. Amuse. Park 0 7 0 A. J. En trican (pref.) 0 ID 0 British Tobacco 2 4 0 2 0 Burns, Philp and Co 2 5 0 Bycroft, Ltd 1 10 9 Checker Taxicab . . 0 10 0 Colonial Sugar (Aus.) 59 10 0 Dominion Pictures . 1 2 0 Ditto (pref.) .. .. 1 1 6 Cear Meat 0 9 Grey and Menzies .. 0 9 Hayward’s Pictures 1 0 6 0 19 Henry Jones Co-op. 1 17 0 Hill and Plummer 1 H.M. Arcade Theatre (pref.) 1 1 0 Holden’s Motors 1 12 Kempthorne Prosser 3 10 0 Milne and Choyce . 1 4 6 Ditto (pref.) .. .. 4 Ditto (B pref.) . . 1 4 6 Ditto (deb. stock) 1 4 0 National Pictures .. 0 13 6 o 11 9 Morris Hedstrom 1 1 6 1 0 Ditto (pref.) .. .. 0 18 9 N.Z. Refrigerating . 0 19 9 0 19 0 Ditto (con.) .. .. 0 9 6 0 9 5 Sanford, Ltd. (pref.) 0 19 9 Taranaki Oil .. 0 10 6 0 9 Thames Theatre .. 1 0 0 Tonson, Garlick 0 13 0 0 11 9 Union Oil 2 3 6 2 6 Whittome Stevenson 11 0 2 9 0 Wilsons (N.Z.) Cement .. .. ». 1 19 0 1 18 6 MINING— Moanataiari (paid) . 0 1 s Golden Age (paid). 0 0 3 New Waiotahi (con.) 0 0 Occidental - Una (2s paid) 0 1 0 Ditto (con.) .. .. 0 0 Ohinemuri (ord.) .. 0 8 6 0 7 6 Ditto (pref.) .. .. 0 8 Waihi 0 13 0 0 12 10 Waihi Grand June. 0 1 4 Mount Lyell .. — 1 14 3 DEBENTURES— Auckland Gas. 1932, S p.c 93 0 0 Auck Har. Board, Bi p.c — 96 0 0 Ditto, p.c — 99 15 0 Ditto, 6 p.c 102 City of Auckland, 1940, 51 p.c 96 0 0 Ditto, 1943, 5 i p.c. 99 15 0 Hamilton Fire Bd., 6 104 0 0 Bor. of Devonport, 6 P-c 101 0 0 Bor Mt. Eden, 51 100 0 0 Ditto, 6 p.c 102 0 Bor. Hamilton, 6 PC. 101 0 0 Hamilton Theatres, 7 P-c 98 17 6 N.Z. Breweries 1 N.Z. Milk Products. 107 Glaxo 94 0 0 90 0 0 GOVERNMENT BONDS War Loan, 1930, 4 5 99 5 0 98 17 6 Ditto, 1938, 4& p.c. 99 0 0 Ditto, 1939, 4& p.c. 99 10 0 99 0 Ditto. 1941, 4i p.c. 98 15 0 Ditto, 1933, 55 p.c. 101 10 0 100 10 0 INSCRIBED STOCKWar Loan, 1938, 4£ 99 Ditto, 1939, 4J p.c. 99 0 0 Ditto, 1927-41, 51 99 Ditto, 1933, Si p.c. 101 10 Ditto, 1936, 51 p.c. 101 Ditto, 1930, 51 p.c. 99 10 0