FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 753, 28 August 1929, Page 10

FINANCE & MARKETS

’Change Market Active

BANKS SELL FREELY A BRIGHTER tone prevails on the market and considerable business is recorded. Banks continue to attract investors with the result that good business is reported in

this section. ■Yesterday afternoons business.—On •Change Bank of Xew South Wa lts. £sl 10 s. Reported: Commercial Bank of Australia (ord.), £1 9s Bank of Australia (ord.), £1 9s M: Devonport Steam Ferry, £1 ’s 3d;, Northern Steamship, 14s 3d: Ttmaru Brewery (5s paid), Os; Fast African Coffee. £2 Os Gd: Milne and • hoyce (deb. stock). £1 6s 7d: Ohinernuri Gold and Silver, 10s 9d: Waihi G.M. Company, 12s 3d; City of Auck’and. 1360. 5| per cent.. £l*l 15s; New Zealand Inscribed Stock, 1333, 5i per cent., £ 33 153. Business at this morning's early call. —On 'Change: Australian Provincial Assurance. 14s; Sanford < ord.), 18s 6d. Reported: Commercial Bank of Australia, £ 1 3s 3d: Bank of New Zealand, £3 3s 6d: Timaru Brewery (5s paid;, 3s: Wilsons Cement, £2 4s 4d. Business at today's midday call.— On ’Change: Be von port rfteam Ferry, £1 Is 3d. Reported: Auckland Gas, SI 4s 3d; National Timber, 7s 6d. In the loan and agency, Abraham and Williams pref. are steady. Farmers' Co-operative Auctioneering ord. are firm. River Plate market remains unchanged. Guarantee Corporation have steady buyers at 9s 4d. sellers 3a 9d. Loan and Mercantile, both issues, are asked for and remain firm Shipping shares are, in most cases, readily sold. Devonport Ferry are

1 changing hands at 21s 3d. Hud dart - Parker pref. have buyers at 21s Cd. 1 Northern Steam, both issues, remain steady. P. and O. are firm, with buy- . ers 565, sellers quoting at 575. Union L Steam have buyers at 20s 2d. ; Mining section is also active. Ofcir.e----1 mu:: sold last evening at 10s 9d: the ’ market today is firm, with buyers 10s - 2d, sellers 10s lid. Waihis have improved to sales 12s sd, leaving the 1 market with buyers 12s 4d, sellers 12s ■ j 7d. Mount Lyell are improving, buyers quoting 44s 4d, sellers 455. | : Several transactions are being .* recorded in the bond section. Local body issues are very firm, while Govi emment bonds and stock have many ’ ; keen buyers. Dividends Due Victoria Nyanza Sugar Co.. Ltd. Dae ' —lnterim dividend of 7j p.c. (Is 6d a share) Aug. 31. i Wellington Woollen—lo p.c. p.a. Aug. Bank New South Wales— l« p.c. ~ v (lnt ~> Aug. 27. , Standard Insurance—Final divi--1 dend of Is 3d a share .. .. Sept. 3. s Electrolytic Zinc—6 p.c. ord. . and pref. (final) Sept. 6. Holden's Motors—ls a ehare crd. (final), making 10 p.c. r.a. and 8 o.c. A and B pref. Sept. 11 . North Auckland Farmers—6 p.c. s . p.a.. pref Sept. 6.

TODAY’S QUOTATIONS

Closing quotations at today’s mid-da 7

call were;— Buyer*. Sellers.

HIDES AND SKINS STEADY

TWO SLIGHT INCREASES No great change in ruling values took pta e at th* sale of hides and skins in he Auckland Chamber of Commerce yesterday afternoon. Light hides showed a slight increase in rates. sheepskins also brought a small rise. < >th**r offerings did not change in price. quotations:— Sheepskins. Three-quarter to full■tvoolled. medium to fine crossbred, lid to 11 Id; coarse crossbred, 10Jd to 10Jd; faulty, 3d to 9>d; damaged, 8d to BJd; hddly-damaged and broken, 7d to 7£d; half-woolled, medium to fine crossbred, iold to lid; coarse crossbred, 9sd to lod; faulty, Sid to 9d; damaged, 7Jd ; io 8d; quarter to half-woolled. damaged, *»d to 6ld; lambskins, sound, 11 Id to Is; faulty and seedy, to 10£d; damaged, 1 T'd to salted sheepskins, halfwoolled to three-quarter, large 9s C*d to IC* 3d each, medium 8s to 8s 6d, light -*s 3d to fis 6d: quarter to half-woolled, •.rge 6s 3d to Cs 3d, medium 4s 9d to 5s 3d, light 3a 3d to 4s. Hide*.—Cows*, light, 7d to 71d a lb: medium. 7d to 7 1-Nd; second quality and :t, s|d to 6 Id; faulty, 5d to old; ox hides, light. 6|d to 7d. medium, 7Jd to '. 5-84; heavy, >d to S l-8d; second quality, Hid to 6Jd; cut, 6Jd to 7d; kips, best 7d to 7jjd; seconds, 6d to 6Jd; yearlings, best grade. s'«l to 9id; seconds, 7d to Tad; calfskins. heavy, 91b to 101 b weights. 9*d to Sid a lb; best light, l*-ld ' * 101 d; best medium. Is Id to Is Jld; light and medium cut. 9}d to lOd; slippy, 8d to 9»d. Tallow.—Best mixed. In barrels. 27s 6d io 2*s a cwt: second quality. 25s to 265! *d, poor quality and gut-stained, 21s to 2ls: in tins. good quality, 26s 6d to 275: 1 seconds, 24s 6d to 25s 6d: horsehair, best rail. Is 9d to Is !0d a lb; mixed, Is 6d i to Is 8d: shorts. lOd to Is 2d: mane, 2d 1 to 9;d: bones, £5 10s to £5 15s a ton. j

CLAIM IN ESTUARY

NEW THAMES GOLD HOPE (Special to THE SUN) THAMES, Today. Mr. William White has been granted permission in the Warden’s Court to mine a gold claim at the mouth of historic Shotover Creek, where gold was first found 62 years ago. Mr. White holds the view that years of erosion in the creek must have worn rich gold quartz away. He considers that this had been swept to the sea and had been covered with silt by tidal action. The claim applicant expects to have to sink a considerable distance to find heavy yields. The claim is five acres in extent and work will be begun in a week or so.

FRUIT SALES DULL

REPORT FROM LONDON The London market for fruit is low, according to a cablegram received by the New Zealand Fruitgrowers’ Federation, Limited, Auckland, from Mr. IT. E. Stephens, English representative for the Control Board. The report says the Cambridge has reached Liverpool. Difficulty has been experienced in clearing the balance of the Port Nicholson fruit.

SHEEP CENSUS

BIG INCREASES SHOWN Sheep flocks have increased in New Zealand and Australia, figures in the ! annual review of Dalgety and Company, Ltd., show. The flocks of the Commonwealth are now put down as 105,747,418 head, compared with 98.939,657 in 1927 and 102,960,694 in 1926. New’ South Wales has nearly half the number, with Queensland and Victoria ranking nextincreases have been noted in all the States. The New Zealand figures are given as 29,011,447, against 27,133,810 in 1927. The total for Australia and New’ Zealand is 134,758,865.

Buyers. Seller*. £ s. d. £ a. d banks— .\ust. of Commerce 1 16 * Vu«tralas:a 14 7 tt • .om of Australia . 1 J) 9 1 10 Ditto (con. > .. .. 0 13 G Ditto (pref.) .. .. 0 7 10 0 >lng . Scot, and Aust. 8 6 8 9 0 National r. f N'.Z. 13 Nat. of Australasia 13 10 0 13 14 0 Ditto (con.) .. .. 9 14 0 N'ew South Wales . 51 6 51 15 0 -\>w Zealand 3 3 Ditto D Mort. . . 1 X I'nion of Australia 1^ 1 6 15 4 0 INSURANCEA P.A. 0 13 fi 0 14 p; National 0 New Ze; land .. .. 8 0 8 4 South British .. .. — 3 S 0 LOAN AND AGENCYAbraham & Will lama < pref.) 4 5 0 4 15 0 farmers Co-op. Auc. 4 0 0 Ditto B <pr*-f.) () 17 0 0 9 • '.oMsbrouc: .. Mort. 8 \>wton King (pref. > 0 10 0 0 15 0 . Z. and River Plate 1 10 1 11 9 N’.Z. Guar. Corp. . 0 3 4 0 9 3 f/jan and Merc. 0 0 .30 0 0 Ditto (pref) .. .. so 0 0 A'jck Farmers’ Co-op. ford.) 0 10 0 3 Ditto E (pref) .. 0 12 0 0 13 b COALHikurangi 0 1 6 — Ditto < pref.) . . . . 4 Ditto (A pref.) .. u 3 0 6 0 Thrkemiro 3 15 0 Renown 0 1G G Ditto (pref.) .. .. 0 2 0 3 Taupiri 1 0 1 3 b Ditto (pref.) .. .. 1 3 n Ditto (rights) .... 0 6 0 0 0 W aipa 0 13 0 it estport-Sto< kton . 0 1 0 3 x Ditto (pref.) .. .. 0 4 2 0 5 0 «IAS— Auckland 1 4 2 1 4 4 Ditto (con.) .. .. 0 17 9 * risborne 0 1U 0 u 14 b SHIPPING— JJevonport Steam .. — l 2 0 Howard Smith f A 0 iluddart-Parker b 3 Ditto ( pref.> .. .. 1 1 6 Northern Steam 14 0 14 Ditto (con.) .. . . (I G 0 0 H 9 i\ and O. (del. stk.) 2 10 •) 1< 3 Union Steam (pref.) 1 0 9 — TIMBER— Bartholomew .. .. 1 0 0 Kauri Timber .. .. 0 18 t National 0 7 0 0 Parker- .. — 0 1/ 9 WOOLLENKaiapoi n 13 10 0 14 b Ditto (con.) .. .. 0 A Ditto (pref.) . u Id u 0 17 6 Wellington 6 Ditto (pref.) .. .. — 2 b BREWERIES— •*. K. Innes 1 0 II Ditto (pref.) .. J 0 fi — N’.Z. Breweries 4 4 y 4 0 .f. Staples — 2 13 0 'imaru (5s paid) .. 0 s b' 0 9 2 MISCELLANEOUS—Anthony Hordern .. 1 4 9 —

Auck. Amuse. Park _ 0 ft 0 Ditto (pref.) .. .. 0 11 0 Australian Glass . . 19 0 3 1 6 A. J. Entrican (ord.) 0 16 6 ford.) r> British Tobacco ?. 3 2 8 3 Burns, Philp 0 10 0 Bycroft, Ltd 1 13 0 1 15 0 Colonial Sugar . . . . 57 0 0 57 10 0 Dominion Pictures 1 0 6 Ditto (pref. ) . . . . 1 0 Dunlop Rubber 1 8 3 1 10 0 Electrolytic Zinc ford.) 1 15 9 Ditto fpref. ) .. .. 3 19 9 Farmers' Trading . 0 A 0 9 10 Ditto (A (pref.) .. 0 17 3 0 19 0 Ditto (B pref.) .. 0 14 1 0 Gear Meat 4 6 Grey and Menzies . 0 10 0 0 12 Hamilton Theatres Hayward’s Pictures 0 19 Henry Jones Co-op 1 13 3 1 14 3 H.M. Arcade (prer.) 1 1 0 Holden’s Motors Lewis Eady (ord.) 1 0 Ditto (pref.) 0 18 6 1 0 0 Milne and Choyce . 1 6 6 Ditto (pref.) .. .. 1 6 6 Ditto (B pref.) .. 1 6 Ditto (deb. stk.) . 1 6 6 1 6 7 Morris Hedstrom . . 1 N.Z. Farmers’ Fert. 1 Robinson Ice Cream 1 3 5 Sanford, Ltd 0 Ditto (pref.) .. .. 1 0 Sharland and Co. .. 1 1 L*itto fpref.) .. .. 3 1 Taranaki Oil Fields 0 4 i \\ hittome-Stevenson 10 0 \\ ilsons Cement 2 4 0 2 4 9 MIXING— j Albumia 0 1 1 o 1 Moanataiari (paid) . 0 0 9 Ditto fcon.) . 0 0 1 Lucky Shot f4s pd.) 0 1 0 1 Ditto (con.) .. .. 0 0 Mt. Welcome (paid) 0 0 1 [ < *hinemuri ford.) .. 0 10 0 10 W a ihi 0 4 W aihi Grand June. . 0 1 Mount Lvell . . . . 4 4 5 Kuala Kampar Tin . 0 13 9 0 13 11 DEBENTURES — Auckland Gas, 1932, 5 per cent. .. .. 56 0 0 Ditto. 1935, 6J p.c. 102 0 0 104 Auckland Har. Bd., 99 0 0 Ditto, 5i p.c 101 0 6 Ditto, 1941, 6 o.c 103 10 0 105 10 0 City of Auckland, 1940, 5i p.c. .. 90 0 o Ditto. 1936, 5* p.c. 99 0 0 Ditto, 1943. 5i p.c. 103 0 0 Bor. Mt Eden, 6.. 104 10 0 X.Z. Breweries 1 8 1 8 6 Gisborne Sheepfarmers — 95 0 0 GOVERNMENT BONDS— War Doan, 1530, 4V . 99 0 0 100 0 0 Ditto. 153S, 4'i p.c. 100 0 0 100 10 0 Ditto, 1539, 4jj p.c. 100 0 0 E>itto. 1941. 4i p.c. loo 0 0 Ditto. 1933. 5i p.c. 59 10 (1 Ditto. 1933, o’j p.c. 101 5 0 — Ditto. 1936. 5J p.c. 101 o 0 — INSCRIBED STOCK War Loan, 193?, 100 0 0 100 10 0 Ditto, 1939, 4 3 p.c. 100 0 0 100 10 0 Ditto. 1927-4U Si 99 10 0 Ditto. 1933. 5* p.c. 99 10 0 Ditto. 1933, 5i p.c. 101 0 0 1 Ditto. 1535. 5* p.c. 101 3 u —