FINANCE & MARKETS

Sun (Auckland), Volume IV, Issue 984, 29 May 1930, Page 13

FINANCE & MARKETS

General Trend Upward

Market on ’Change By “Noon Call” THE recent improvement in the buying strength for sound stocks is being maintained. The general trend of the market is upward.

Fluctuations Price movements, shown by a comparison of sales over the pas'; 24 hours with the price at the time of the previous recorded sale, include. — Mount Lyell, rise of 6d. Wilsons Cement, rise of 6d. Business on the Auckland Market Transactions on the Auckland market over the past 24 hours have included the following: Yesterday afternoon:—Mount Lyell Mining, 29s 3d: City of Auckland, 1930, per cent., £97: Auckland Gas, 24s 6<l; British Tobacco, 40s: Wilsons Cement, 45s 6d. At this morning’s early call. —City of Auckland, 1940. 5£ per cent., £96 10s; Northern Steam. 13s 9d; Tooth’s Breweries, 34s 9d. At midday.—Commercial Bank of Australia, 21s 7d; Devonport Steam, 22s * * * * Market at Midday Little movement was recorded in the market this morning. The banking, insurance and loan and agency groups ere quiet. Devonport Steams are selling freely nt 225, t price which allows a return on investment of a fraction over 7 per cent., alter allowance has been made for and, in addition to, the 9d due this month. All shipping shares are attracting increased attention. In the timber group, sellers of

TO-DAY’S QUOTATIONS

Closing quotation* at today'* midday Buyers. Sellers. £ s. d. £ s. cL

STUD EWES FOR VICTORIA

AUCKLAND FLOCK SOLD A deal of wide interest to sheepbreeders has been put through this week; Mr. John Burns’s Huanua stud nock of Southdown ewes has been sold to Messrs. Mathews Jacombs and Coy., Auckland, for shipment to Melbourne. Messrs. Mathews Jacombs have alsent about 300 stud Southdowns to the Victorian market this season and ■*J.® earlier consignments have met with a ready sale at satisfactory prices, jn a consignment now being arranged tms firm takes 53 ewes from IJuanua, and 150 ewes from the Taranaki district.

LEWIS EADY, LTD.

ANNUAL MEETING n satisfactory year was rePO A ted by the chairman of directors m4 , £ ~. ewis blady, Ltd., to the annual d-nr of . sh^re bolders, held yester- ~‘, Indications for the current i l J* s business were also bright. ■iir. Lady mentioned that there had r , ' n an appreciable expansion in sales f n P are< l with the previous year. Re-ao-«f nc - e was alsc > made to valuable new f ,,i' n 9 es acquired by the firm, partit ho speak-o-phone, the new inj _, ctrica l method for personal recordretiring directors, Mr. E. Raych-, representing the ordinary shareholders, and Mr. J. E. Long, the preference shareojders, were re-elected. ef, t°rs’ recommendation that ordinary dividend of 8 per cent. d be pairl wa s adopted. The usual ldend of 7 per cent, on preference ares has been paid quarterly.

N.Z. APPLES IN GERMANY

SYDNEY, Wednesday. The High Commissioner for Austraug. m London, Sir Granville Ryrie, ters in his annual report to fruit. He fairly large quantities of New Zeaand apples have been sold at Hamburg a t prices equal to supplies from Western Australia. This is the first l *fhe that such sales have been made to ? n V considerable extent. Zealand received most-fav-oured-nation. treatment in Germany, and therefore paid about Is 6d less duty per case than Australia,

Taupo-Totara. both Issues, are unsupported at 16s. Farmers’ Trading have firm buyers at 8s Bd. Farmers’ Fertilisers are also a little firmer with buyers at 19s. Mine Managers’ Reports Mine managers report as follow: Lucky Shot.—“A further distance of eight feet has been advanced during the week. The reef lias opened out to about 2ft. 6in., and is carrying a fair amount of mineral. It still continues to show the colours of gold.” * * * National Bank of ’Asia The report of the National Bank of Australasia for the year ended March 31 shows a net profiit of £655,13 1. This is only £4,144 less than the amount for the previous year, which was the highest in the bank’s history. As was announced on April 29, the dividend was maintained at 10 per cent, for the ninth year in succession. Following is a summary of the bank’s results and appropriations for the last three years: 1928. 1929. 1930. Brought, forward £144,602 £148,493 £157,773 Net profit .. .. 640,401 659,27 S 655,134 £785,003 £507,773 £812,907 Reserve fund . . 88,423 100,000 100,000 Premises account 50,000 50,000 50,000 Dividend, 10 p.c. 498,085 500,000 500,000 Carried forward £145,495 £157,773 £162,907 ■With the present addition the reserve fund amounts to £3,200,000.

call were:—•

DISTRICT STOCK SALES

AUCTIONEERS’ REPORTS Auctioneers report on stock sa.les held throughout the district duri the past week as follows: Alfred Buckland and Sons, A^heM renort■ During the week we bela cattle " sales at Westfield, Fukekohe and. Waitakaruru; a pig sale at kohe: a horse sale at Fukekohe, three clearing sales, and, in conjunction With the New Zealand Loan and Mercantile Agencv Company, Limited, the annual Sue of pedigree Jersey cows ard heifers on account of the Franklin Jersey Club. Dairy cattle are m keen request, and selling at high values Stores are dull of sale. Farm horses and good hacks are inquired for and pigs are meeting with a steady sale Best dairy cows made £l3 to £lb fos; extra" to £22; second grade cows £9 to £l2 10s; other dairy cows, £4 10s to £ S 17s 6d; best springing, heifers, £l2 to £ls ss; others, £5 5s to £ll 15s; empty young cows and heifers £3 to £5; store and bonei cows £1 10s to £5 ss; fat cows and heifers £5 10s to £9 15s; fat steers, £lO 5s to £l3 2s 6d; three to four-vear-old steers, £8 to £ 9 2s 6d; two to three-year-old steers, £ 7 to £*• yearling to two-year-old steers, £5 to £6 17s 6d; weaner steers £2 5s to £3 10s; weaner heifers, £1 10s to £4 ss; cows with calves, £5 15s to -CIO - heavy bulls, £6 to £ 8 1® > sound young herd bulls, £ 4 4s to £9 9s; other bulls, £1 10s to £4; pedigreo Jersey cows and heifers sold Tip tC> Zealand Loan and Mercantile Agency Company, Limited, reporti I —Sales were held during the week at Westfield, Papakura, Laukapakapa, Paeroa and Ngatea, a registered pedigree female J er.ey sale at Fukekohe, and a clearing sale on account of Messrs. Shipherd Bros., Aka Aka. In all cases we report good sales, with a keen demand for choice and good dairy cows and heifers and other classes of cattle at late rates. We quote: Choice dairy cows and heifers, £l4 to £22; good, £l9 to £l3 15s; others, £6 10s to £9 15s; aged cows and inferior heifers, £3 to £6 ss; bulls, £3 to £9 ss, according to weight; weaner heifers, £2 to £4 10s- weaner steers, £1 15s to £3 17s (id; yearling to 18-months heifers, £4 15s to £7 10s; yearling to 18-monfh steers £4 to £5 10s; 2to 2Jyr. steers, C 5 15s to £6 17s (id; 3 to 3J-year steers, £7 to £8 10s; grown steers in forward condition. £8 15s to £9 13s. At the pedigree Jersey sale at Fukekohe the demand was limited and although most of the lots changed hands, values generally were lower than last year, the top price being 32igns.

BANKS— Aust. of Commerce 1 A 6 1 5 6 12 4 0 12 12 t) Com- of Australia 1 8 Ditto (con.). 5s pci 0 0 0 0 Ditto (pref.) .. - "Eng., Scot. & Aust. G 9 0 6 12 0 New South M ales . 3S 12 6 2 18 9 19 0 Union of Australia , INSURANCE — 11 10 0 11 15 0 National .. 0 It 0 0 14 8 New Zealand .. .. 2 4 6 ~ 2 4 9 Queensland . . .. . .. 2 7 0 — South British .. .. 3 0 loan and agency— Dom. Invest and Banking Farmers’ Co-op. Auct — 1 0 3 0 17 Ditto B (pref. - ) .. 0 it; 0 Goldsbrough, Mort.. 1 it 6 1 12 9 Nat. Mortgage .. .. id 0 Newton King (pref.) 0 14 0 N.Z. and River Plate 1 9 0 1 10 6 N.55. Guar. Corp. . . N. Auck. Farmers’ — 0 8 0 Co-op. (ord.> .. 0 3 Ditto B (pref.) .. 0 8 0 9 6 Reliance Loan (pref) — 1 0 6 COAL— Hikurangl . . .. . . 0 1 3 0 2 0 Ditto (pref.) 0 4 0 Ditto (A pref.) .. 0 0 Pukemiro 10 0 Renown 0 15 0 Ditto (new issue) . 0 2 10 Taupiri — 1 6 Ditto (pref.) Waipa n r) 0 0 11 0 Westport 1 it — West port- Stockton GAS— 0 i Auckland 1 4 0 — Ditto (con.) .. .. 0 1/ 7 0 18 0 SHIPPING— Devonport Steam .. 1 2 n 1 o 3 Howard Smith 0 u; 6 Huddart-Parker 1 i ( 1 19 0 Ditto (pref.) .. .. 0 l:> 0 1!) 9 Northern Steam 0 18 Ditto (con.) . . . . 0 0 n 6 6 P. & O. (deb. stk.) 22 6 Union Steam (pref.) TIMBER— 1 0 0 n 12 6 0 14 0 National 0 7 3 0 10 0 Parker-Lamb 0 10 0 Taupo Totara .. . . — 0 16 0 Ditto (pref.) .. .. — 0 16 0 WOOLLEN— Kaiapoi 0 10 9 0 12 G Ditto (con.) .. .. 0 3 9 — Ditto (pref.) .. . 0 13 0 — BREWERIES— C. L. In.ies .. .. i 1 0 Ditto (pref. > .. .. i 1 0 — N.Z. Breweries 12 1 9 0 Tooths miscellaneo us— l 14 3 1 15 6 Auck. Amuse Park n 4 9 Ditto (pref.) .. .. — 0 8 0

Buyers. Sellers. £ s d £ d. Australian Glass 2 1 •» 2 2 6 Booth, Macdonald (pref.) o 6 0 5 0 British Tobacco 0 0 0 6 Burns, Philp .. . . J. 14 0 By croft. Ltd. .. . . .. l 12 0 Colonial Sugar .. .. 41 0 41 0 Dominion Pictures . 1 0 Ditto (pref. > .. .. 1 Donaghy's Rope I 12 0 Dunlop Perdriau . . 0 L4 0 Electrolytic Zinc (ord.) 1 5 0 1 6 6 Ditto (pref.) .. .. 3 6 6 1 7 Farmers’ Trading . . 0 8 8 0 S 9 Ditto (A pref.) .. 0 16 0 Ditto B (pref.) .. 0 12 0 Faterine (pref.) 0 4 6 0 10 0 Fullers’ Pictures .. 0 14 0 Gear Meat 1 17 1 18 0 Hamilton Theatres 0 16 6 Haywards’ Pictures 0 14 0 Hill and Plummer .. 1 3 H.M Arcade (pref.) 1 0 0 Milne and Choyce (deb. stock) . . . . 1 6 National Pictures 13 N.Z. Farmers’ Fert. 0 19 0 0 19 9 N.Z. Refrig 0 10 0 Ditto (con.) .. .. 0 4 6 0 5 0 Sanford, Rtd 0 14 Ditto (pref.) .. .. 1 0 Taranaki Oil Fields 0 1 0 0 1 9 Union Oil 1 16 0 Whittome, Stevensons Wilsons Cement 2 4 0 2 6 MINING— Alburnia 0 0 u — Moanataiari (paid) . 0 0 0 1 Kawarau 0 0 Lucky Shot (4s pd) Waihi 0 13 13 Waihi Grand Junct. 0 1 1 Mount Ly e 11 1 9 1 10 0 Kampong 1 2 Kuala lvampar Tin Rawong 0 4 — DEBENT IJRES103 0 0 5i p.c 98 0 9S 0 0 100 City of Auckland, 1940, 51 p.c 96 Bor. Mt. Eden, 53 100 0 100 10 VO 0 Williamson Films .. 101 N.Z. Breweries Glaxo —• farmers 82 GOVERNMENT LOANS War Loan, 1930, 4i 99 0 0 — Ditto, 1988, 4j- p.c. 5 — Dito, 193.9, 4h P-C. 5 Ditto. 1941, 4£ p.c. 97 15 Ditto. 1936, 5i p.c. 99 0 INSCRIBED STOCK 98 5 0 — 9S 5 — Ditto, 1927-41,' 51 95 Ditto, 1933, 51 p.c. — Ditto, 1932, 5J p.c. 98