TO-DAY’S QUOTATIONS

Sun (Auckland), Volume II, Issue 484, 13 October 1928, Page 12

TO-DAY’S QUOTATIONS

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

SOUTHERN EXCHANGES YESTERDAY'S SALES Press Association Wellington. —P. and O. (def. stock), £247; Newton King (prof.), 7s 6d; Waihi Mining, 14s Id. Dunedin. —Commercial Bank of Australia, 30s 2d. POTATO MARKET SLUGGISH POSITION IN CANTERBURY Press Association CHRISTCHURCH, Friday. • A decided drop in the price of potatoes was the principal feature of the market to-day. To farmers the price quoted was £9 to £9 10s, with a somewhat sluggish market. Some hold the opinion that prices may recover again, as they believe there is a real shortage. The Wingatui is expected to take 1,200 sacks from Timaru and 4,000 or 5,000 sacks from Lyttelton. W heat is firm at latest quotations of 5s 8d to 5s 9d to farmers. Fowl wheat is selling at 5s 9d, f.o.b. Lyttelton. Oats are reported to be showing signs of movement and sales are reported. A Gartons are quoted 4s. There is no alteration for B grade, which stand at 3s sd. f.o.b. The continued dry weather has improved the price for chaff, which is quoted at £3 15s to £4, but little inquiry is reported.

LONDON MARKETS BANK OF ENGLAND RETURN (Australian and N.Z. Press Association) (United Service) LONDON, Thursday. The Bank of England returns for the week ended October 11, as compared with those for the week ended October 4, are as follow: Oct. 11. Oct. 4. Note circulation 134,094,000 135,007,000 Coin 167,500,000 168,226,000 Reserve .. .. .. 53,156,000 52,969,000 Govt, deposits .. 13,934,000 10,006,000 Other deposits .. 97,751,000 102,446,000 Govt, securities 31,110,000 37,110,000 Other securities . 45,183,000 40,667,000 Proportion of reserve to liabilities .. 47,50 47.10 SHORT LOANS AND BILLS Short loans, 3£ per cent., same as last week; three months' bills, 4 5-16 per cent., compared with per cent, last THE METAL MARKETS (Quotations on October 8 in parentheses.) Electrolytic Copper.—Spot, £7l 5s (£7l ss); three months, £7l 5s (£7l 15s). Wire Bars.—Spot. £7l 15s (£7l 15s); three months. £7l 15s (£7l 15s). ftJ < r op J? er -~' S P ot > £64 16s Sd (£64 13s three months, £65 5s 2*d (£65 0s 7Ja). §S? t ’.. JE22 13 3d <£22); three months, £2l 16s 3d (£2l 15s). r^ Pe ‘!; er - —SPOt. *23 18s 2d (£23 17s thr S e months, £24 5s (£24 3s 9d). th lLr s is- 7¥*° «( £2i6 its id>: an S ‘irr:rnWT sd.i 5 d .i6 2 d 6 15-16d> l 5 -16d>

BRITAIN’S TRADE (Australian and N.Z. Press Association) LONDON, Thursday. The Board of Trade returns for September show that the value of imports into the United Kingdom in September was £87,696,000, a decrease of £13,731,000 compared with September, 1927. Exports were valued at £56,485,000, a decrease of £4,002,000, and re-exports £6,855,000, a decrease of £1,198,000. The principal decreases were:—lmports: Grain and flour. £2,239,000; food and drink, non-dutiable, £2,768,000; dutiable, £2,375,000; raw cotton, £2,261,000; rubber, £1,159,000; iron and steel manufactures, £816,000. Exports: Iron and steel manufactures, £1,507,000; cotton manufactures, £1,923,000; coal, £516,000. Increases: Imports, oils and fats, £875,000. Exports: Vehicles, £2,632,000. CHANCE FOR INVESTORS As announced elsewhere In this issue, the Fijian Pineapple Company, Limited, will issue its prospectus, probably next week, offering for public subscription a limited number of ordinary shares. All arrangements have been completed for the company to commence immediate production.

TE AWAMUTU STOCK SALE

The New Zealand Loan and Mercantile Agency Company, Ltd., Hamilton, report: “At our Te Awamutu sale on Thursday last we had a good yarding of cattle, also sheep and pigs in average numbers. Beef was penned in full supply and sold under brisk competition, outside buyers being present from Taumarunui and Raetihi. Springers sold exceptionally well and store cattle met with a good demand. Light fat steers, £l3 10s to £l4 10s; heavy prime fat cows, £l3 to £l4 2s 6d; medium do., £lO to £ll 15s; plain fat cows, £S 12s 6d to £9 15s; forward cows, £6 to £7 12s 6d; cews in fresh condition, £4 17s to £5 15s; boner cows, £3 10s to £4 12s; marked yearling Jersey heifers, £6 17s 6d to £8 ss; yearling Jersey heifers, £6 7s 6d to £6 12s; Jersey cross do., £5 to £5 4s; small do., £4 to £4 9sbest springing heifers, £ll 10s to £l4; others, £9 to £lO 15s; dairy cows, £lO 10s to £l3 ss; shorn fat ewes, £1 7s f.m. ewes and lambs, £1 19s. PigsStores, £1 3s to £1 6s 6d; slips, 17s to £1; weaners. 8s to 13s.’’

MATIERE STOCK SALE

Dalgety and Company, Limited, Te Kuiti report having held their usual sale at Matiere when a fair yarding of cattle came forward to a good attendance of buyers. Competition was steady throughout and practically everything changed hand at ruling rates. Quotations: Fat cows, £8 10s to £9; barren P.A. heifers on account G Etherington, £lO 15s to £l3 12s; fresli conditioned cows, £6 to £6 10s; store cows, £4 5s to £5 6s; thin cows with calves at foot, £4 10s to £4 19s; mixed coloured small 3-year steers, £7 12syearling steers, £3 19s to £5 ss; yeaning S.H. heifers, £3 9s to £4 16s; empty 2-year Friesian heifers £6 7s; springing dairy cows £9 -5s to £lO 15s; dairy cows in milk £7 15s to £l6 ss; springing heifers, best, £lO to £lO 10s; others £6 to £9. Pigs, good store, 25s to 275.

SUN COMMERCIAL SERVICE A special section for readers seeking information on financial and commercial Questions is included in these columns every Saturday. Names and addresses must "be given in every instance , although not for publication, and inquirers are requested to send in questions early in the week, addressed to the Commercial Editor, THE SUN. E.R. (Opotiki). —Write to the head office, Sydney. Anxious (Mount Eden). —The company has shown a profit since its inception and has managed to place a satisfactory sum to reserves each year. We Would not take any notice of a rumour coming from that source. M.L* (Ponsonby).—We would not question the management, but would draw attention to the fact that competition in that line is very keen and likely to be keener in the near future. You could get more gilt-edge shares but, if you are prepared to take a risk for the sake of higher immediate returns, the scrip has attractions.

Sellers. Buyers. £ : s. d. £ s. d. BANKS— Aus. of Commerce . 1 14 0 __ Com. Bank, of Aus. 1 10 3 1 0 10 Dito (pref.) .. .. 0 7 5 0 7 2 6 New South Wales . M 10 0 New Zealand .. .. 3 1 3 3 1 0 Ditto, D Mort (20s — 1 7 6 Union of Aus. •• ., — 15 6 0 INSURANCE— 0 16 6 New Zealand •• •« 4 South British •• •• 3 2 6 Queensland .. •• •• — 3 5 • LOAN AND AGENCY — Dalgety and Co. . • — 15 0 0 Farmers’ Co-op. Auc. Ditto. A (pref.) .. 16 Ditto B (pref.) .. 0 15 0 National Mortgage Agency 4 4 N.Z. and River Plate 1 11 3 N.Z. Guar. Corp .. 0 N.Z. Loan & Merc. 116 0 0 Ditto (pref.) .. •• — 82 0 0 COAL— 0 5 6 Ditto (pref.) .. 0 11 0 0 10 2 Ditto A (pref.) .. 0 8 Pukemiro 3 10 0 3 8 0 Rehown 13 Ditto (pref.) .. .. 1 7 0 1 Ditto (pref.) .. •• Waipa 0 14 0 Westport Stockton . Ditto (pref.) .. •• — 4 GAS— Auckland 1 3 2 1 3 0 Ditto (con.) •. .. 0 17 3 — SKIPPING— Devonport Steam .. 1 5 3 — Huddart-Parker . . 2 8 Ditto (pref.) .. .. 1 Northern Steam .. 0 14 6 14 Ditto (con.) .. .. 0 7 0 P. & O. (def. stock*) 246 Union Steam (pref.) 1 i 0 1 0 TIMBER— Bartholomew .. .. 1 1 0 — Kauri 1 0 0 —- Leyland-O’Brien 1 14 0 National 0 11 0 — WOOLLEN— Kaiapoi — 0 12 9 Ditto (con.) .. .. 3 Ditto (pref.) .. .. 0 15 6 Mosgiel .. .. •• •• Wellington — 6 Ditto (pref.) .. .. — 6 15 BREWERIES— C. L. Innes (pref.) — 0 18 0 MISCELLANEOUS— Auck. Amus. Park . — 0 3 6 British Tobacco .. 2 3 9 2 3 0 Burns, Philp 2 3 6 Bycroft, Ltd 1 11 6 < 'hecker Tax*i .. .. 0 12 0 0 b 0 Dental and Medical 0 14 0 — Dominion Pictures .. 1 2 0 Ditto (pref.) .. .. 1 2 0 Electrolytic Zinc (pref.) .. .. .. .. 1 14 6 1 13 6

Sellers. Buyers. Fullers’ Pictures .. Gear Meat 2 2 0 Grey and Menzies Hayward’s Pictures 1 1 9 1 0 Hill and Plummer . 2 H M Arcade Theatre ___ Ditto (pref.) .. .. 1 1 6 Lewis Eady (pref.) 0 19 9 Milne and Choyce .. 1 4 6 Ditto (pref.) .. ., 1 4 6 Ditto (B pref.) .. 1 4 Ditto (deb. stk.) . 1 4 N.Z Farmers' Fertiliser .... 0 17 Robinson Ice Cream 1 3 0 Sanford, Ltd 0 19 0 0 17 Sharland (pref.) .. 1 0 3 Taranaki Oils .. . 0 8 6 Thames Theatre 0 16 0 0 10 Union Oil Whittome-Stevenson 2 8 0 5 0\ Wilsons Cement 1 19 6 1 19 z Farmers’ Trading: (ord.) — 0 7 4 Ditto B (pref.) — 0 9 0 MINING— Moanataiari (paid). 0 1 6 . Ditto (con.) 0 0 6 Golden Age (paid) . 0 0 2 Lucky Shot (4s paid) 0 0 6 Maoriland (con.) . 0 0 9 Occidental Una (2s 0 1 0 Ohinemuri (ord.) .. 0 7 0 0 9 Waihi 0 14 Waihi Grand June. 0 1 0 0 0 Mount Lyell •. .. 1 16 0 1 15 0 DEBENTURES— Auckland Gas, 1928, 6£ p.c 102 0 0 Auckland Harbour Bd. 54 p.c 96 0 0 Ditto. 5£ p.c. .. .. 100 0 0 Ditto, 6 p.c 103 0 City of Auckland, 1940, 96 0 0 Ditto, 1943, 5£ p.c. 100 Auck. Power Bd., 5£ 98 0 0 104 10 0 102 0 0 6 p.c ,. .. 103 10 0 101 0 0 Bor Devonport, 6 p. 101 0 0 Ditto, 6 p.c —- 102 10 0 Bor. Hamilton, 6 p.c. — 101 0 93 10 0 N.Z. Breweries 1 4 6 4 Glaxo — GOVERNMENT BONES — War Loan, 1930, 44 — 99 0 0 Ditto, 193S, 44 .. 98 17 Ditto, 1933, 54 101 10 0 6 Ditto. 1936, 5£ .. — INSCRIBED STOCK— War Loan, 1938, 98 6 Ditto, 1939, 44 p.c. Ditto, 1927-41, Si . 99 0 0 Ditto, 1933, 54 .. Ditto, 1933, 54 99 10 Ditto, 1936, 6 p.c. 104 10