FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 621, 25 March 1929, Page 10

FINANCE & MARKETS

A Buoyant Market Greater Activity in Mining j By “Noon Call.” A BUOYANT market, with a greater interest registered iu the more speculative securities, was one of the features of business at the week's opening calls on ’Change this

morning. fluctuations Price movements shown by comparison of sales over the past 24 Pours with the price at the time of the previous recorded sale are: Taupiri Coal, fall of 3d. N.Z. Guar. Corp.. fall of Id. Bank ot' N.Z.. fall of 3d. Bank of N.S.W., rise of ss. Waihi Mining, rise of 2d. A quiet, but healthy tone is registered in the banking group. The downward movement of New Zealands persists, and business was done in the ordinary issue at 61s 9d this morning, t>d below the market a week ago, and 2s below that a month ago. New fciouth Wales show a firming tendency. Coals are very quiet, showing no tendency to move to higher levels at the moment. Taupiris saw the only sale during the morning on a market 3d below that at the time of the lust sale. Pukeiniros are, if anything, slightly easier with holders showing more inclination to sell. TJttle movement worthy of note has Jbeen registered in the miscellaneous

j section. A buyer came in for Colonial i Sugars again this morning, but sellers were not attracted sufficiently to make a declaration. Taranaki Oils were dealt with at 4s 6d, the market closing with a slightly easier tone. Waihis are again moving upwards in the mining group and sales were made in the call room at mid-day at 13s Bd, 2d above Saturday’s market, and 5d above the market a week ago. Greater attention is being paid to the betterknown scrip in this section. Mount Lyells are very firm at last week’s improved prices. Business at this morning’s early call. —On ’Change: Mount Byell Mining, 44s 9d; Ohinemuri Mining, 8s sd; Taranaki Oils, 4s 6d. Reported: Kempthorne Prosser’s New Zealand Drug. 81s. Business at mid-day.—Reported: Bank of New South Wales, £sl: Bank of New Zealand, £3 Is 9d: New Zealand Guarantee Corporation, 9s 3d; Taupiri Coal, 26s 9d. On ’Change: “Waihi Mining. 13s d (two parcels).

TO-DAY’S QUOTATIONS

Closing quotatoins at to-day’s mid-day call were:—

SOUTHERN EXCHANGES SATURDAY’S SALES > j Press Association Wellington. —New Zealand Breweries, 6is 3d. Mount By ell, 41s Sd. BUTTER AND CHEESE .Merchants report receipt of overseas Cables as follow: Leonard and Son, Btd., from their London principal, A. C. Itowson, under date March 23: - Butter, 1665. Cheese, 89s to 905.” Amalgamated Dairies, Btd., from their London office. under date March 23: • Rutter: Our position unchanged. Anchor 168 s; market steadying round 1645; still little business passing: Danish. 169 s on the spot. 162 s f.0.b.; deliveries New Zealand. 1.797 tons; stock, 4,394 tons; retail reducing Monday is Bd. Cheese: White 89s; coloured. 90*; market steady. Oan■'i <•li.ni unchi--ngcd. ”

LONDON MEAT MARKET PRICES AT SMITHFIELD I The New Zealand Meat Producers’ 1 Board has received the following cablegram from its London office, dated March 1 22, advising Smithfield delivered prices averaged for week ended that date as follow: — New Zealand Wethers and Maidens. — ’ Canterbury quality, selected brands, 561 b and under, 7d a lb; 571 b to 641 b, 6 3-8 d; 651 b to 721 b, 5 l-Bd. Other brands, 561 b and under, 6d; 571 bto 641 b, 6*d; 651 b to 721 b, sd. New Zealand Ewes. —641 b and under, : 4£d. r New Zealand Lambs. Canterbury 1 quality, 361 b and under, 9Ad: 371 bto 421 b, i 8 5-Sd; 13lb to 501 b, 8 2-8 d: seconds, - 8 5-Sd. Selected brands, 361 b and under, 1 9\d; 371 b to 421 b. S 5-Sd. Other brands, first quality, 361 b and under, 9d; 371 b to 421 b. Sid: second quality, 301 b to 321 b, average, S 5-Sd. Australian Bambs. Victorian, first quality, 361 b and under, Sid; 371 b to 421 b, ! Argentine Bambs.—First quality, 361 b j and under, 73d: 371 b to 421 b, 7 1-Sd. i Argentine Chilled Beef.—Ox fores, 4 5-Sd: hinds, 62d. ! New Zealand Frozen Pork.—Porkers, I 601 bto SOlh. Sid; 811 bto 991 b, Sid; 1001 b to 1201 b. 73d; baconers, 1211 b to ISOlb, j ; Bd. I Limb.—The market is steady. Bighti weights are firmer and consumption is \ I improving. j Mutton.—The market is steady and un- i changed. , New Zealand Beef. Stocks exhausted. ! New Zealand Porker Pigs.—Market [ steady, but the demand is decreasing j owing to warmer weather. New Zealand Baeoner Pigs. The ! market is very firm owing to short spot 1 supplies.

I. Sellers. Buyers. ■"■■UZTT1 8 d £ s d BANKS— Aust of Commerce 1 17 9 1 1« 9 Adelaide 10 3 0 Australasia. 14 19 Com. of Australia . t 10 Ditto (pref. > .. .. 7 12 0 7 8 6 T%np., Scot. Aus. 8 17 6 8 16 National of N.Z. .. 7 5 0 National of Australasia 19 8 0 Ditto (eon.) 9 15 0 9 13 0 New South Wales 51 5 0 50 15 0 New Zealand 3 1 Ditto, D. Mort .. — 1 8 6 7 nion of Australia « — 15 9 0 INSURANCE— 0 7 6 National ft 17 0 0 16 New Zealand .. 2 7 2 6 6 South British .. .. 3 7 0 3 5 6 Standard 3 3 6 LOAN AND AGENCT— Abraham and Williams (pref.) .. — 4 7 6 Farmers’ Co-op. Auc. 3 10 0 2 16 ft Ditto, A (pref.) .. 0 17 0 Ditto, B (pref.) .. 0 16 0 * loldsbrough. Morr . 3 13 n 3 12 Newton Kins: (pref.) 0 10 r 0 8 6 N.Z. & River Plate 1 14 0 1 12 0 N.Z. Guar. Corp. 0 9 5 0 9 1 N.Z. Loan Merc. 131 0 0 127 0 0 N. Auck. Farmers Co-op . (ord.) . . .« _ 0 2 6 Ditto, B (pref.) • 0 11 6 0 8 6 COAL— Hikurangi .. >«r .. 0 3 9 0 2 0 Ditto (pref. ) . . . , 0 8 6 0 7 0 Ditto, A (pref.) .. 0 6 0 0 3 r> 3 6 0 Renown 0 IS 0 Ditto (pref.) .. .. 0 3 ft 0 2 10 •Taupiri .. .. .. 1 7 0 1 6 Ditto (pref.) •. .. Waipa 0 12 6 Westport 1 12 0 Westport-Stoekton . 0 3 Grey \ alley — GAS— Auckland 1 ♦ 6 1 4 Ditto (con.) .. .. n is 4 0 18 l Gisborne .. •• ... 0 14 0 0 10 6 SHIPPING— Devonport Steam .. 1 4 3 — Huddart-Parker 2 5 9 2 4 Northern Steam .. 0 13 4 0 14 f. Ditto (con.) .. .. 0 7 4 0 7 0 T\ & O. (def. stk. > 3 3 0 3 0 0 Union Steam ipref.) — 1 0 6 TIMBER— Kauri Timber .. .. 0 17 6 0 16 o National 0 9 0 0 Parker-Lamb .. 0 19 0 0 13 0 WOOLLEN— Kaiapoi 0 14 9 0 13 3 Ditto (eon. ) > .. . . I* 4 Ditto (pref.) .. .. 0 17 0 0 15 6 Wellington .. .. .. 7 6 6 — BREWERIES— I'*. L. Innes (pref.) 1 0 0 N.Z. Breweries .. .. 3 1 6 3 0 0 MISCELLANEOUS— Auck. Amuse. Park 0 3 0 Aust. Iron and Steel 1 0 10

Sellers. Buyers British Tobacco 2 9 0 2 S 0 Bycroft, Ltd 1 12 0 Checker Taxi .. .. 0 7 6 — Colonial Sugar .. .. 59 10 0 Dominion Pictures • 1 1 Ditto (pref.) .. .. 1 1 6 Donaghy’s Rope . . Electrolytic Zinc 1 13 6 (ord.) 1 15 0 Ditto (prcf.) .. .. 1 17 ft 1 16 ft Farmers’ Trading . 0 S 0 o S 0 Ditto A (prcf.) . . 0 16 ft Ditto B (pref). . 0 14 ft 0 12 ft dear Meat 2 4 0 — Grey and Menzies . 0 10 9 II.M. Arcade Theatre — 2 11 0 Ditto (pref.) .. Lewis Eady (pref.) . 0 19 3 1 1 0 Milne and Choyo* .. — 1 6 0 13 it to (Ft pref.) 1 6 Ditto (deb. stock) 1 ‘ 0 1 o 3 N.Z. Farmers' Fert. N.Z. Refrigerating 1 2 3 1 1 3 (con.) 0 4 8 ft 4 2 Robinson lee Cream — 1 1 0 Sanford, Ltd n IS n n 1 ft ft Ditto (pref.) .. .. Sharland ajid Co. 1 0 0 0 18 6 (pref.) 1 0 6 Taranaki < nlfields . . 0 4 s ft 4 4 Thames Theatre .. 0 10 0 Tonson Garlick 0 S 6 — Union Oil — 2 2 6 Victoria Nyanza . . 5 ft — Whit tome Stevenson ft 2 Wilsons Cement - 1 0 - 0 MINING— Lwcky Shot (Is pd.) o l 4 0 ft q Ditto (con.) . . .. Occidental-Lna (2s o 0 10 ft 4 paid > 0 0 ft 0 Ohinemuri (ord.) ft 8 ft s Ditto (pref.) . . . . s Waihi 13 8 13 Waihi Grand June. . ft ft 1ft Mount 1-yell ft 4 ■Ivuala Kampar Tin DEBENTURES— ft !«> ft 14 4 Auckland Gas. 1922. 5 p.e. — 9 4 0 0 Ditto, 1935. fti — 103 0 0 City of Auckland. — 100 0 0 1940. 51 p.c Bor. of Devonport, 96 103 0 0 Ditto, 4i p.c Bor. of Mt. EGe;., * Bor. of Hamilton, 0 — 103 10ft 0 ft X.Z. Breweries . . Gisborne Sheep97 10 0 K farmers’, S p.c. . — GOVERNMENT BONOS— War Loan. 193S, 4-i 100 0 ft — Oitto, 1933, 5} p.c. 99 Ditto, 1933. 5?. p.c. 101 — Ditto, 1936, oi p.c. lftl 12 — 1 IN SC ICiBED STUCK — ! War Loan. 1938, 4i 100 ft — | Ditto, 1939, 4i p.c. 10( 91 I Ditto, 1933, 51 p.e. ft ft 1 Ditto, 1936, i>i p.c.