FINANCE & MARKETS

Sun (Auckland), Volume IV, Issue 1007, 25 June 1930, Page 13

FINANCE & MARKETS

N.Z. Insurance Selling

N.Z. Breweries Steady

NEW ZEALAND INSURANCE continue to change hands freely at 475, leaving little change in the market. New Zealand Breweries continue to sell at 50s 9d, leaving the market slightly firmer.

Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included:—New Zealand Insurance, £2 7s; Auckland C«as, £1 5s 2d; Northern Steam, 14s t id; New Zealand Breweries, £2 10s tfd; Waibi, 13s 9d; Mount Lyell, £1 6s 3d. At the morning early call.—Commercial Bank of Australia (pref.), £6 12s 3d; New Zealand Insurance, £2 7s; jfew Zealand Breweries, £2 10s 9d; Robinson’s Ice Cream, £1 ss. At the midday call.—Bank of New Zealand, £2 18s; New Zealand Insurance, £2 7s: Auckland Harbour, 4 per cent., 1036, £9O 10s. Market At Midday In the bank section Australian of Commerce are slightly firmer. Commercial of Australia are a - shade weaker, the preference issue sold this morning at £6 12s 3d, leaving buyers at £6 10s. New South Wales are unchanged. New Zealand are steady. Coal shares continue to improve.

Pukemiro now have buyers at 645, sellers 68s. Renown have buyers at 13s 6d. sellers 15s, the two preference issues are in demand. Taupiri ordinary have Improved to buyers 26s 6d, the preference have steady buyers at 225. Westport have steady buyers at 30 s. Government bond and stock are in demand, lew sellers appearing in this section. Dividends Due _ , m Due. Farmers* Trading—ord.. 10 p.c. P- a - June 26 Goldsl»rough, Mort and Co.. Ltd., —final, 10 p.c. p.a. .. .. June 27 Loan and Mercantile—interim, ord., 2 p.c.; 5 p.c pref., 2J p.c.; 6?i p.c. pref., 3J p.c. . June 30 Morris Hedstrom—final, 4 p.c. .. June 30 British Tobacco—interim, 3 p.c. June 30 N.Z. and River Plate Land Mortgage Co., Ltd. —interim, 4i D-c July 1

TODAY’S QUOTATIONS

Closing Quotations at today's midday

call were:—

DAIRY PRODUCE PRICES

Joseph Nathan and. Company, limited. has received the following cablegram regarding New Zealand dairy produce from its London bouse, dated •Tone 23:—Butter. 1365. Market steady. White cheese, 78s; coloured, S4s. Market quiet. Kelliher and Company. Limited, received the following cable on June 24 from its London principals, Whiteley Muir and Company: The butter market is steady at 134 s to 138 s, with a brighter outlook and some inquiry for forward business. White cheese, 7Ss; coloured. S4s. Market steady. Newton King, Limited, has received the following cable from its principals, R. and W. Davidson. Ltd., dated June -‘4:—Butter: The market is steady, prices for salted being from 133 s to 13« s. Cheese: The market is quiet. White, TSs; coloured, 8 ss.

A CAMPAIGN AGAINST INFLUENZA

A group of prominent industrialists in England have begun > campaign against the scourge of influenza. One of the world’s greatest financial experts lias said that in liis opinion the biggest cause of absenteeism is without doubt the wave of influenza which sweeps over the world from time to time. Thcro is a good deal to be said for this idea and no doubt much of tlie loss of time and money experienced during the winter months is due to lack of efficiency through staffs being depleted owing to sickness. A more serious view should be taken of the incipient cough and cold, and all possible precautions taken to see that they do not develop into worse ailments. New Zealanders know that they have an unfailing remedy in Baxter’s Lung Preserver. This good old specific safeguards your health from coughs, colds, influenza, and all chest and lung troubles. Contains splendid tonic properties, too. "Baxter's” is now put up in bottles with a screw cap, thus obviating the necessity of removing troublesome 4 oi ks. The screw cap also makes :l perfect seal and keeps the contents .in good < ondition. Obtainable at all ■ hemists and stores; generous-sized bottle for half a crown, economical family size Is 6d, and bachelor’s bottle Xs 6d.—3.

TALLOW EASIER

HIDES AND SKINS STEADY Tallow declined in value at the sale of hides, skins and tallow in the Chamber of Commerce yesterday afternoon. The stocks of hides and skins were heavier, but prices were maintained. Quotations: — Tallow.—Barrels, good mixed, 21s to 22s a cwt; second grade, ISs to 20s; poor quality. 14s to 16s; in tins, good mixed, 20s to 21s; second grade, 16s to 18s; horsehair, best tail. Is 7d to Is 8d a lb; mixed, Is 3d to Is sd; short and mane. Sd to 10d; bones, clean, dry, £5 10s to £6 10s a ton. Cow Hides.—Best grade, light, 5 3-Sd to 5 5-Srl a lb; medium, s£d to 5 5-Sd; heavy, sid to 5 3-8 d; exit, 4Ld to 4ijd; second grade, 4cl to 4td. Ox: Best grade, light, 5 3-Sd to s|d; medium, sid to 53d; heavy, 53d to 5 7-Sd; cut, 4Jd to sd; second grade, 4ld to 43d; hides, slippy, 3d to old; kips, best grade. s!d to s§d; second grade. 4<l to 4td; yearlings, best, light, 7ld to 73d; heavy, Bid to 7d; second grade, 43>d to 0d: calfskins, heavy, Ttd to 73d; medium, 101 d to lid: light, 92,d to lOd; small, Sd to Sid; cut, Sd to Sid; slippy. 6d to 6wd. Sheepskins.—Dried, three-quarter to full-woolled, medium to fine crossbred, 7Jd to Sd a lb; coarse, 7d to 7&d; faulty, 6d to 6id: damaged, scl to sid; badly damaged. 4id to 43d; half-woolled, medium, 7Jd 7id; coarse, 7d to 7id; faulty, 53d to 6d: damaged, 4id to sd; bare to quarter-woolled, sound. Bid to 71d; faulty, 53d to 6.\d; damaged, 4id to 43d. Lambskins, sound. 7Ad to 73d: faulty. Bid to Bid; damaged, 4id to sd; salted sheepskins, three-quarter woolled, large. 5s 2d to 5s 6d each; medium, 4s 4d to 4s lOd: light to small, 2s lOd to 3s id; quarter to half-woolled, large, Cs Bd to 3s lOd; medium. 2s lOd to 3s 4d: light to small. : 2s to 2s sd: lambskins, large, 3s 3d to 3s I'd; medium, 2s 9d to 3s; light. Is 3d to Is 10U; shorn, Is 6d to 2s.

EMPIRE TRADE MEETING

The British Empire Trade Association will hold a meeting in the Chamber of Commerce Hall tomorrow' evening. The report, and recommendations of a committee appointed at a meeting held on May 30, will be received. The committee consists of Messrs. W. i Goodfellow, M. G. White, W. A. ' Donald, A. M. Spencer, F. E. McCallum, J. E. Beachen, and 11. G. Beechey. METAL PRICES LONDON, Monday. (Quotations on June 19 are given in parentheses) Copper.—Spot, £4B 8s 9d (£oo 6s 3d); three months, £ 4S 8s 9d (£SO 11s 3d). Electrolytic Copper.—Spot, £54 10s (£54 15s); three months. £56 10s ( £ —)• Wire Bars.— £56 10s (£56). Lead. —Spot, £JS (£l7 17s 6d); three months, £lB (£l7 17s 6d). Spelter.—Spot. £l6 5s (£l6 12s 6d) ; three months, £l6 17s 6d (£l7 3s 9d). Tin.—Spot, £ 134 3s 9d (£l3B 7s 6d); three months, £136 3s 9d (£l4O 2s 6d). Silver. —Standard, 15 5-Sd (15 15-16 d) an oz.; fine, 16 11-16 (17 3-16 d).

Buyers. >elh 2rs £ s. cL £ e. dL banks— Aust. of Commerce 1 n k 1 4 Australasia 12 12 0 Com. of Australia. 1 i 1 1 Ditto (pref ) . . . t; 10 0 0 0 G 0 National of N.Z. 7 6 G 10 (i Nat. of Australasia 11 18 0 15 G Ditto (con.) .. .. 0 0 7 7 f New South AN ales . 38 0 0 New Zealand .. .. 17 18 Ditto »D Mortg.) . i G Union of Australia. n 13 0 11 IS 0 INSURANCE*— New Zealand .. .. o k 6 ? 7 Queensland 10 0 South British .. .. - 19 G 3 0 0 LOAN AND AGENCY— Dom. Invest and Bank 0 ID G Ditto (B shares-) . 1 0 0 Paige tv and Co. 11 0 0 tanners* Co-op. Auct. A (pref.) 0 17 0 Ditto B (pref.) .. 0 ik 0 Goldsbrough, Mort. 1 to 0 1 10 G Newton King (pref.) 0 .12 9 X.Z. River Plate 1 n N.Z. Guar. Corp. .. 0 7 9 0 S 3 Doan and Merc. .. 90 0 0 X. Auck. Farmers* Co op. (B pref) 0 8 6 ft 9 G Reliance Loan .. .. 1 1 9 Ditto (pref.) .. .. — 1 0 0 COALGrey Valley .. .. — 1 5 3 Hikurangi 0 1 0 0 0 Ditto (pref.) .. .. 0 4 0 Pukemiro 4 0 3 8 0 Renown 0 13 G ft U ft Ditto (pref.) . . . . 0 a ft ft Ditto (new issue) 0 0 2 10 Taupiri 1 k Ditto tprer.) .. .. 1 0 Westport 1 10 0 W estport-Stockton 0 3 GAS— Auckland 1 r, n Ditto (con.) .. .. 0 is 0 SHIPPING— Devonport. Steam .. 1 2 6 1 3 0 Huddart-Parker 1 18 0 Ditto (pref.) .. .. 1 0 ft Northern Steam 0 14 ft 14 Ditto (con.) . . .. 0 ft 9 P. and O. (def. stk.) 1 0 S ft Union Steam (pref.) 1 0 3 — TIMBER— Kauri Timber . . . . o 13 6 1 8 3 National 0 0 0 ft Parker-.Lamb .. • • 0 11 0 0 16 0 BREWERIES— C. Ij. fnnes .. 1 1 0 — Ditto (pref.) .. .. 1 l 0 — 10 11 J. Staples - 7 0 2 8 6

Buyer*. Seller*. £ s. d. £ s. d MISCELLANEOUS— (prof.) 0 10 British Tobacco 1 10 1 10 C» Burns, Philp .. 1 Bycroft., Ltd 1 13 0 Con. Brick and Pipe 0 IS 0 Colonial Sugar .. .. 42 0 0 Dominion Pictures . 1 1 Ditto (pref.) .. .. 1 1 Dunlop-Perdriau 0 14 Electro. Zinc (ord.) 1 4 Ditto (pref.) . . . . 1 0 1 6 0 Farmers’ Trading 1 . . 0 8 10 Fullers' Pictures .. 1 4 Hamilton Theatres . 0 16 6 I favward's Pictures 0 13 9 II.M Arcade Theatre (pref.) 1 0 0 TCempthorne Prosser 6 0 Milne and Choyce (dob. stock) .. .. T 6 0 National Pictures . 0 13 6 N.Z. Farmers’ Fort. 1 0 0 Sanford, Ltd 0 0 0 17 0 Ditto (pref.) . . . . 0 17 0 1 0 0 Shariand and Co. (pref.) 0 19 6 S. n. Maxwell 0 0 0 Taranaki Oilfields .. 0 0 0 0 Thames Theatre Co. 0 10 0 0 Id 0 Union Oil 1 16 0 Whittome Stevensons 3 19 0 Wilsons Cement — 2 5 6 MIXING— Alburn ia __ n 0 4 Moanataiari (pd.) .. 0 1 Kawaran 0 0 0 0 b Lucky Shot (4s pd) 0 1 0 Waihi 0 13 s 0 14 0 Waihi Grand June. 0 l 4 0 1 7 Mount Lyell .. .. 1 6 0 1 6 9 DEBENTURES— Auck. Gas, 1035, 61 100 0 0 — Auck. Harbour Board 5$ per cent OS 0 0 City of Auckland. 1058, 51 p.c. 97 0 0 100 0 0 Auck. Hospital Bd., 100 0 0 Bor. Devonport, 41, 1037 10 Bor. Mt. Albert, 55. 1060 101 0 0 Booth, Macdonald . 70 0 0 Williamson’s Films 101 0 Gisborne Sheepfarmers SO N.Z. Breweries 1 Glaxo 90 0 0 0 0 GOVERNMENT LOANS War Loan. 193.0, 41 90 5 0 — Ditto, 193S, 41 p.c. 98 15 0 Ditto, 1930. 41 p.c. 98 15 0 Ditto, 1941, 41 p.c. 98 la 0 Ditto, 1033, 51 p.c. 0 0 Ditto, 1936, 51 p.c. 90 0 u — inscribed STOCK War Loan* 1938, 41 98 16 0 90 10 0 Ditto, 1039, 41 p.c. . 98 la 0 100 0 0 Ditto, 1933, 51 p.c. 99 0 0 Ditto, 1036, 51 p.c. 99 0 —