FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 464, 20 September 1928, Page 14

FINANCE & MARKETS

N.Z. Insurances Firmer

Renown Coals at 12/6 BUSINESS Oil lias been restricted to within a very small compass during the past 24 hours. A very firm tone with an upward tendency is registered in the market for several securities, however.

X ew Zealand Insurances are comr. incline’ attention, buyers’ offers improvine to 44s 9d at mid-day. without drawing a declaration from sellers. South British were dealt with at 63s at mid-day, with more offering at that figure. Renown Coals show a further rise, lousiness being recorded yesterday afternoon at 13s Cd. Steady buyers of Pukemiros continue unable to draw sellers. A wide range of loan and agency * purities are sought on a firm market, although the margin between sellers’ and buyers’ ideas of values is mostly 100 great to see much business eventu-

ate. Banners’ Auctioneering ordinaries are slightly firmer, buyers moving up to 555. Buyers of New Zealand Fertilisers are firmer, with buyers improved to Sss 6d, and no sellers. Farmers’ Trading are firm, with sellers hard to locate, and buyers of the ordinaries offering 7s 9d. Business yesterday afternoon: Huddart Parker. 495. Business at this morning’s early call: Renown Coals. 12s 6d; New Zealand Refrigerating (paid). 19s 3d: Kaiapoi Woollens (con.). 3s lOd. Business at mid-day: On ’Change— South British Insurance. 635.

TO-DAY’S QUOTATIONS

Closlng quotations at to-day’s midday call were:

SOUTHERN EXCHANGES

YESTERDAY’S SALES Press Association Wellington. —New Zealand Government, f>; per cent, stock (1933), £lOl ss; Westport Coal, 30s 6d. Christchurch. —Christchurch Trams, 5i Ser cent, stock (1914), £99 10s; National lank of Australasia (£lO paid), £l9 ss; National Bank of New Zealand, £7 3s 6d; Union Bank, £ls 6s; Dalgety and Co., £ls 2s; New Zealand Refrigerating £1 paid), 19s 3d (two), 19s 2d; Carlton Brewery, 46s 6d; Drapery Importing Co (10s paid), 21s; Electrolytic Zinc (pref.), 33s 7d; Hayward's Pictures, 19s 9d; Kaiapol (7s paid), 3s 9d; Huddart-Parker, 495. COMMONWEALTH BANK SYDNEY, Wednesday. The Commonwealth Bank in the half-year ended June 30 made a profit £965,525. The chairman. Sir Robert Gibson, says he regards the prospects ns bright, owing to the indications that a favourable season is facing the primary producers. HOWARD SMITH, LTD. Ihe final call of 4s on preference shares in Howard Smith, limited, is due r»n October 12.

HIDE AND SKIN VALUES

AUCKLAND PRICES EASIER ~B°th dried and salted sheepskins declined sharply in value at the Auckland hides and skin sales yesterday. To maintain prices on a parity with London values, which fell at recent sales from lUs to per cent., dried skins dropped from l 3 d to 2d each, while salted skins were from Is to 2s lower. Hides and calfskins remained firm at late rates, a good demand keeping prices steady. All grades of tallow remained at the same level as at the last sale. The following prices were realised:— Cowhides.—Best grade, light, 10 5-8 d a lb; medium, 10 5-8 d: heavy, 10 5-8 d; second grade, 9Jd to 93d; cut, 75d to 9*d. Ox, light, 10ad to 102 d; medium, lljd: heavy, 115 d; second grade, 9£d to lOd: kips, best grade, llld to 112 d; second fS e - 10d to 10$d; yearlings, best grade, 12 ??, to 13d; second grade, lOjJd to lid; calfskins, best, light, 17£d to lSd; medium, 173 d to 192 d; heavy, 13d to 131,1; second grade, light and medium, 14d to cut and slippy, lold to llld. Sheepskins.—Dried, threequarter to full-woolled, medium to fine crossbred, 13i a lb; coarse, 12$d; faulty, lid to llid; first damaged, IOJd to 103 d; badlv damaged and broken, BJd to 9d; half-woolled, medium to fine, llid to 12d; coarse, lid to llid; faulty, lOd to 10id; damaged, 9d to 9}; damaged. sid to 7 J ,d. Sheepskins, salted, three-quarter to full-woolled, extra large, 12s to 12s 9d each; large, 7s Od to 11s 3d; three-quarter woolled, large 9s to 9s 9d; medium. S* to Ss 8d; light, 6s 9d to 7s 3d: half to three-quarter-woolled, medium. 5s 6d to 6s 6d; light, 4s 9d to 5s 3d; hoggets, large. 8s 6d to 9s: medium. 7s to 7s 9d: light. 5s 3d to bs 3d. Tallow.—in barrels, best mixed, 2Ss to 2Ss bd a cwt: second grade, 25s to 26s 6d; poor quality and gut-stained, ISs «d to 21s 6d; in tins, best mixed, 27s to 27s bd: second grade. 21s to 245. COMPANY REGISTRATIONS -_ T } vo Private companies were registered yesterday. Details are:— „ w - McAra, Limited, contractors, etc. Capital: £I,OOO, divided into £1 shares Subscribers; Wilfred McAra and Alexander i; . Burns, 400 shares each, and Dorothy A. McAra, 200 shares J. E. Haywood, Limited, milking maH 1 agents. Capital: £5,000, divided mto £1 shares. Subscribers: James E Hajwood, 4 900 shares, and Mrs, Nellie A. Haywood, 100 shares.

Sellers. Buyers. £ s. d. £ s. d. L.VNKS— A usr.. Bank Com. 1 14 3 1 12 0 Bank of Australasia 15 2 0 — Com. of Australia 1 10 6 1 10 1 Ditto (pref.) 7 7 0 7 b 0 Ting., Soot, and Aus. — 8 14 0 National of N.Z. . . 7 6 0 7 3 0 Nat. of Australasia — 19 1 0 Ditto (con.) .. . . 0 12 f> 9 11 0 N «w s.»uth Wales 51 15 0 50 15 0 Now Zealand . . . 3 1 3 0 9 Ditto (D. mort ) . — 1 7 9 Union of Australia . 15 7 6 — INSURANCE— A.P.A. 0 8 0 National 0 IK V New Zealand K 2 4 9 Queensland :i a 0 3 4 9 South British 3 0 3 2 6 Standard 3 4 6 United LOAN & AGENCY— Abraham & Williams 11 0 0 ( pref. > 4 11 ft 4 0 3 ‘algety and Co. . . 15 5 15 0 0 T ai mers’ Co-op. 3 10 0 15 0 Ditto (A pref.) . ft IK 0 Ditto <B pref.) .. 0 lb 0 Goldsbrough, Mort . 11 9 Nat. Mortgage . . . 3 19 0 Ne»toa Kins (pref.) 0 7 0 N.Z. & River Plate 1 11 3 ?J.Z. Guar. Corp. . 0 S 10 N.Z. Loan and Mer. N. Auck. Farmers 120 0 0 113 0 0 (ord.) — 0 2 0 COAL— liikurangi 0 5 11 0 g 7 Ditto (pref.) .. .. 0 9 9 Ditto (A pref.) 0 8 9 T'ukemiro 11 0 Renown 0 13 0 0 12 0 Ditto (pref.) .. .. 0 3 ft Taupiri 1 7 0 1 6 0 Ditto (pref.) 1 3 0 Waipa 0 14 0 Westport Westport-Stockton 1 10 0 (pref.) — 0 4 Ditto (ord.) .. .. — 0 3 6 GAS— Auckland .. 1 3 3 1 3 1 Ditto (con.) .. .. 0 17 4 — SHIPPING— Steam .. 1 5 8 1 4 • Tfoward Smith .. .. Huddart-Parker, 1 7 0 — (ex div.) 2 7 Northern Steam •• 0 14 8 0 14 3 Ditto (con.) .. .. 0 K 9 235 P. & O. (def. stk.) 245 0 0 Union Steam (pref.) TIMBER— 1 0 3 Bartholomew .. .. — 0 15 ft Kauri Timber .. .. 1 0 3 l.eyland-O’Brien 1 13 ft National 0 11 6 ft 9 0 Parker-Lamb .. •• —r 0 17 ft WOOLLEN— Kaiapoi .. .. •. 0 13 ft 0 12 8 Ditto (con.) .. .. 0 4 ft 0 8 Ditto (pref.) .. 0 IK 0 Wellington .. .-5.. — « 10 0 Ditto (pref) .. .. — 6 11 U BREWERIES— C. L. lnnes (pref.) 0 ID 0 N.Z. Breweries .. .. 13 0 MISCELLANEOUS — Auck. Amuse. Park 0 5 ft Australian Glass 5 9 British Tobacco 2 4 0 2 3 ft

Sellers Buyers. Burns, Philp 9 Bycroft, L.td l lu 0 1 11 0 Checker Taxi . . 0 10 0 Dental & Medical . . 0 14 0 Dominion Pictures 1 1 9 Ditto (pref.) .. .. 1 1 9 Donaghy’s Rope 1 12 0 Dunlop Rubber Co. 1 4 0 Electrolytic Zinc (ord.) 1 13 0 1 12 0 Ditto (pref.) .. . l 14 0 1 13 8 Gear Meat 1 0 Grey and Menzies.. 0 9 3 Haywards Pictures 1 0 Henry Jones Co-op. 0 Hill and Plummer .. 1 0 H.M. Arcade 2 Ditto (pref.) .. .. 1 1 r, Holden’s Motors . . . 1 8 Kemp. Prosser 3 11 o Lewis Eady (ord.) , 1 0 Milne and Choyce . 1 4 9 Ditto (pref.) .. . 1 4 9 Ditto (B pref.) 1 4 9 Ditto fdeb. stck.) . 1 4 9 National Pictures 0 12 0 Farmers’ ertiliser 4 6 Morris, Hedstrom .. I 1 6 1 0 9 Ditto (pref.) . . . . 0 18 9 N.Z. Refrigerating; . 0 19 0 19 0 Ditto (con.) .. .. 0 9 6 0 9 1 Robinson Ice Cream (rights) 0 0 — Sanford. Ltd 1 0 0 Sharland (pref.) 1 0 0 Taranaki Oilfields 0 8 9 0 8 0 Thames Theatre 0 17 0 0 10 0 Tonson Garlick .. .. 0 12 6 Victoria Nyanza Sugar 1 0 Wairakei 0 12 fi Whittome, Stevenson 9 0 Wilsons Cement 1 19 1 18 Farmers’ Trad, (ord.' 0 7 9 Ditto B (pref.) — 0 9 0 MINING— Moanataiari (paid) . 0 1 6 0 0 6 Ditto (con.) . . . . 0 0 4 Golden Ago (paid) — 0 0 2 Lucky Shot (4s pd.) 0 0 9 Maoriland* (con.) 0 0 10 Waiotahi (con.) 0 0 6 Occidental-Una (2s paid) 0 1 0 Ditto (con.) .. .. 0 0 2 Ohinemuri (ord.) . . 0 s 0 0 7 4 Waihi 0 12 11 0 12 9 Waihl Grand June. . 0 1 Mount Lyell .. 1 16 0 1 15 0 DEBENT URES— Auckland Gas. 1932, 5 p.c 93 0 0 Ditto, 1935, 61 p.c. 103 5 0 Auck Harbour Board 4 per cent- .. .. so 0 0 City of Auckland, 1940, 5i p.c., .. 96 0 0 Ditto, 1943, 5J p.c. 100 0 0 Ditto, 6 per cent 104 0 0 Auck. Fire Bd.. 6 . 105 0 0 100 0 0 Ham. Fire Bd., 8 104 0 0 100 0 0 Bor. of Devon port, 8 101 0 u Bor. Mt Eden. 5J 100 0 0 Ditto, 6 p.c 102 0 0 Bor. of Hamilton. 6 — 102 0 0 GOVERNMENT BONDS — War Loan, 1930, 4i 100 0 99 5 0 Ditto, 193S, *1 p.o. 99 0 0 Ditto. 1939. 4J p.c. 99 5 0 Ditto, 1933, 51 p.c. 101 10 0 100 15 0 Ditto. 1936. 51 p.c. 101 10 0 101 0 0 INSCRIBED STOCK War Loan, 1933, 51 100 15 0 Ditto, 1936. 51 p.c. 101 0 Ditto. 1933, 51 p.c. 100 0 0 Cant. Farm. 1935 87 0 0 N.Z. Breweries .. .. 1 4 6 1 4 2 Glaxo — 90 0 0