AUCKLAND SHAREMARKET.

Auckland Star, Volume LXI, Issue 59, 11 March 1930, Page 4

AUCKLAND SHAREMARKET.

TRANSACTIONS ON 'CHANGE. BUSINESS STILL QUIET. SALE OF MOANATAIARIS. Business on the local Stock Exchange continues dull, and only a few transactions have been finalised since the noon call yesterday. There have been few alterations in values, but bidding has been perfunctory. Commercial Banks had a couple of sales yesterday at a penny advance to £1 1/11 (one reported this morning), but at the 10 o'clock call there were sellers at £1 1/10, with £1 1/7 the best offer. New Zealand Nationals were easier, the highest bid being at £5 15/. Howard Smith's were offered at 18/6, and Mount Lyells, after a sale yesterday at £1 12/, recovered a fraction with buyers at £1 12/1,. and the lowest seller £1 13/6. Renewed interest was shown in Moanataiaris, which sold this morning at 2/3 for the fully paid, with more wanted at the same price. The Noon Call. A few additional sales were recorded at the noon call on the basis of late quotations. There was a good inquiry for banks, most lines being asked for, but buyers are, still seeking concessions on late rates. The only business completed in this section was of Commercials and New Zealands, and in each case the holders had to accept reductions on last previous sales. Electrolytic Zinc has eased further, and both ordinaries and preference are on offer at £1 6/6. Mount Lyells have sellers at £1 12/8. interest Rates. The return to the investor on his outlay, based upon the latest dividends and in the case of loans and debentures upon redemption at maturity, works out as follows for the latest sales:— PER CENT PER ANNUM. Auckland Harbour Board, 53 8 (1945) 5 14 o Mount Lyeli j2 JO o New Zealand Insurance .... 4 3 4 Commercial Bank of Aus. .. 6 17 11 Bank of New Zealand ...... 5 1 n Grey Valley Coal 6 q q BUSINESS DONE.

CALL AND DIVIDEND LIST. DIVIDENDS. Due. Huddart-Parker, final, ord. 5 p.c., pref. 3 p.c Mar. 15 Booth, Macdonald, 2£ p.c. pref. .. Mar. — C. L. lanea (pref.), interim, 4 D.c. . .•. Mar. 81 British Tobacco, ord shares, 3 p.c., interim Mar. 31 Hume Pipe, interim, at 8 p.c. p.a. Mar. 31 Bank of Australasia, final, 7 p.c. . April 4 Milne nnd Choyce, interim, ord., pref., and debenture stock, 8 p.c. p.a April 10 New Zealand Breweries, interim, Of 7J p.c April 14 CALLS. Due. Lucky Shot—3d a share Mar. 10 OVERSEAS MARKETS. TALLOW, HEMP, WOOL, ETC. HIGH COMMISSIONER'S CABLE. Tie Department of Agriculture has received the following cablegram dated March 10 from the High Commissioner for New Zealand in London:— Tallow.—Moderate demand at auction this week at prices If to 1/6 below previous sale rates. A total of 627 packages offered and 332 sold. Present quotations per cwt are:—Mutton: Pine, 40/; fair to good, 36/ to 38/; dark to dull, 33/ to 34/. Beef: Sweet and or mixed, 37/ to 42/; fair to good, 34/ to 36/6; dark to dull, 32/ to 33/; fine, 37/. Mixed: Fair to good, 33/6 to 36/; dark to dull, 32/ to 33/; gut, etc., 30/ to 32/. Hemp.—Manila: Market easier with moderate business at the, decline. "J" grade March-May shipments sold at £29 10/. Sisal: Market quiet and easier. Fair average quality No. 1 for March-April shipment sold at £33 10/, and good marks offered at £34 10/. No buyers at present. No. 2: Value of good marks at £33 10/, and fair average quality £33. New Zealand: More offering, but buyers hofding back. March-May shipment, position as last week. No first hand sales reported. Apples.—Demand slow and prices inclined to be easier. Californian Newton, 14/; Oregon Newton (very little' offering at present), 16/; American Stayman's Winesap, 9/ to 11/. Wool.—Bradford: Market weak. Present quotations are:—64's warp, 2/4; average, 2/3; 56's, 1/8; 50's, prepared, l/o 40's prepared, 1/3. DAIRY PRODUCE. The Bank of New Zealand has received the following advice from its London office as at the close of business last week: — Butter, weak. 140/ per cwt. Cheese, weak. 82/ per cwt. Mr. A. C. Rowson cables Leonard and Son from London, dated March 7:— Cheese.—New Zealand, white, 82/; New Zealand coloured, 82/. Demand slow. Market quiet at the decline. Outlook. — If there is no improvement in demand, it is anticipated prices will go lower. Butter. —New Zealand, Ist grade, 137/ to 138/; New Zealand finest grade, 138/ to 140/. Demand continues very small. Market continues in a very depressed state. Outlook.—lf there is no improvement in demand, it is anticipated prices will go lower. Messrs. Joseph Nathan and Co., have received the following cable from their London principals, dated March 8:— New Zealand butter: Salted, 138/ to 139/ per cwt. New Zealand cheese: 92/ per cwt. Market slow. Messrs. Joseph Nathan report having received the following advice from their London house, dated March 10:—New Zealand butter, 139/ to 140/. Cheese* white, 81/ per cwt; coloured, 82/. Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated 10th instant. Messrs. Samuel Page and Son report:—Butter: The market is slightly steadier. Cheese: Prices are 1/ per cwt lower. (Now, white, 83/ to 85/; coloured, 82/ to 84/). Amalagamted Dairies has to-day received the following market report from their London office:— Butter.—Anchor, 140/. Buyers only buying immediate requirements. Danish, 164/ spot, 152/ f.o.b. Deliveries New Zealand, 1603 tons. Stocks, 7034 tons. Retail Danish reduced, 1/8; New Zealand unchanged, 1/6. Home, Australian and other butters selling 1/5. Cheese.—"Wnite and coloured both 82/. Market depressed in sympathy with butter as buyers nervous of all purchases. Demand therefore slow but position statistically not unsound. Canadian, 94/ to 98/, quiet. Retail unchanged. FROZEN MEAT. The Bank of New Zealand has received the following advice from its London office as at the close of business last week: Frozen Meat.—The market for wethers is weaker for heavy weights, and is expected to decline. The ewes market s short of supplies and prices arc :iominal. Sellers trying to force sales of 'an»bs have weakened prices. There ie> % weaker tendency and supplies are mor* than sufficient to meet the demand There is a fair demand for beef. Wethers, lijrkt, 7%d to 8/4 d per lb; wethers, heavy, 6V*d to 7d; ewes, 5%d to lambs, wos, 9 x /4d to 9%d; lambs, eights, 9%d to 9 J /sd; lambs, fours, 9d to 9%d; lambs, seconds, 9d to 9%d; ox hinds, 6d to 0&d; ox fores, 5d to 5%d; cow hinds, 5%d to 6d; co-v fores, 4%d to 4%d. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received the following cable from its London office, dated March 7, 1930, advising that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned and are for representative parcels of the goods offering during the week, being for business done on the basis of deliveries to Smithfield market and/or ex London stores: — Sheep.—Canterbury and North" Island crossbred wethers, 48-56, 7%d; Canterbury and North Island maiden ewes, 57-64, 7%d; selected crossbred wethers and maidenewes, 65-72, 7d; North Island crossbred wethers and maiden ewe 6, 48-SG, 7%d; North Island cressbred wethers and maiden ewes, . 57-64, 7%d; North Island cresbred wethers and maiden ewes, 65-72, 6%d; ewes, 48-64, ewes, 65-72, 6%d. Lambs.—Canterbury, 36 and under, 9*/4 d; Canterbury, 37-42, Canterbury, 43-50, 9d; Canterbury second quality, average 33, B%d; including Downs, selected North Island brands, 36 and under, 9%d; selected North Island brands, 3742, 9 J /4d; selected North Island brands, 43-50, B%d; selected North Island brands,' second quality, average 31, B%d; other North Island brands, first quality, 36 and under, B%d; other North Island brands, first quality, 37-42, B%d; other North Island brands, second quality, average 31, 8%. Australian lambs, Victorian, first quality, 36 and under, B%d; Australian lambs, Victorian, first quality, 3742, B%d; Argentine lamb, first quality, 36 and under, B%d; Argentine lamb, first quality. 37-42, BYsd. New Zealand Beef.—Ox fores, sd; beef, ox hinds, 6d. Argentine Chilled Beef.— Ox fores, 5%d; chilled beef, ox hinds, 7%d; Australian frozen beef, ox hinds;' over 1601b, 6d. Lamb. —Market very unsettled. Muttoi. —Market is easier in sympathy with lamb and bare stocks now being relieved u.v arrivals. Beef market: There is a good demand, especially for forequarters. ROMA OIL BURNS. • *' BRISBANE, March 10.' A report from the Roma oilfield states that the Blythedale wells have produced a-quantity of black oil. Gas from No. 4 well was ignited accidentally. The flames rose to -a.'height 25ft.

La«t Sale, AT THE 3.15 P.M. CALL YESTERDAY Auck. Har. Bd., 1045, 5} p.c. ...£100 10 0 ..£100 10 0 Commercial Bank of Australia ... 1 1 11 . 1 1 10 Mount Lyell 112 0 .. 1 13 6 AT THE 10 A.M. CALL TO-DAY— Commercial Bank of Australia ... (1 1 11) .. 1 1 11 New Zealand Ins. (2 4 0).. 2 3 6 Moanataiari (2) .... 0 2 3 .. 0 2 2 AT THE 12.15 P.M. CALL TO-DAY— Commercial Bank of Australia ... 119.. 1 1 11 Bank New Zealand 2 10 11 .. 2 17 0 Grey Valley Coal 10 7.. 169 Moanataiari 0 2 3 .. 0 2 3 BANKS— Buyers. Seller*. Australian Commerce 1/4/6 .. 1/5/0 Australasia : 12/1/0 .. — Commercial 1/1/S .. 1/1/10 Commercial (pref.) ... 6/5/0 .. 6/13/0 English and Scottish. 6/5/0 .. 6/10/0 N.Z. National 5/15/0 > 6/1/0 National Australasia.. 14/17/0 .. " — National Aust. (cont.) — .. 7/8/0 New South Wales.... 39/15/0 40/5/0 New Zealand 2/16/9 .. 2/17/0 N.Z. D Mortgage (£1 pd.) 1/5/6 .. — Union of Australia .. 11/19/0 .. 12/1/6 INSURANCE— Australian Provincial — .. 7/3 New Zealand 2/3/6 .. 2/4/3 Queensland — .. 2/12/0 South British 3/0/0 .. 3/1/0 Standard — .. 3/0/6 FINANCIAL— Dalgety and Co 11/0/0 .. 11/15/0 Dominion Investment r.nd Banking Assn. — .. 1/0/3 Farmers' Auctioneering — .. 4/1/0 Farmers'Auc. (B pref.) 16/0 .. 17/8 Goldsbrough, Mort ... 1/10/3 .. 1/11/6 Newton King, (pref.).. 11/0 .. 13/0 N.Z. and River Plate — .. 1/10/0 Loan and Mercantile 98/0/0 .. 102/0/0 NA. Farmers' (B pref.) 7/6 .. 11/0 COAL— Ilikurangi Coal ..... 1/6 2/3 Hikurangi (pref.) .... 4/0 .. — Ilikurangi (A pref.).. 3/0 .. 6/0 Pukemiro 3/8/0 .. 3/11/0 Renown 14/9 .. 16/0 Renown (pref.) 3/0 .. 3/4 Renown (new issue).. — .. 3/2 Taupiri .. — .. 1/8/0 Waipa .. — .. 14/0 Westport 1/9/6 .. 1/11/0 Westport Stockton ... — .. 2/3 Westport Stockton (pref.) — .. 3/6 GAS— Auckland 1/3/6 .. 1/3/0 Auckland (cont.) 16/9 .. 17/0 Birkenhead 10/0 .. 13/0 Birkenhead (pref.), 7 p.c. 12/0 .. 17/6 SHIPPING— DevoiTport Ferry — .. 1/4/0 Howard Smith, Ltd... — .. 18/6 Northern Steam (p.u.) 13/10 .. 14/3 Northern Steam (cont.) 6/0 .. 7/0 Union Steam (pref.).. 1/0/0 .. — TIMBER— Bartholomew 1/1/3 .. — Kauri Timber 13/0 .. 15/0 National 8/3 .. 9/6 BREWERIES— C. L. Innes and Co... 1/1/0 .. — C. L. Innes (pref.).... 1/1/6 .. — N.Z. Breweries 4/0/0 .. 4/2/0 Staples — .. 2/9/0 MISCELLANEOUS— Australian Glass 2/1/0 .. — Booth-Macdoiiald (pref.) — .. 6/0 British Tobacco 2/1/6 .. 2/2/6 Bycroft, Ltd " 1/11/6 .. 1/16/0 Colonial Sugar ...... 43/10/0, .. — Dominion Pictures .. 1/0/0 .. — Dominion Pie. (pref.) 1/0/0 .. — Dunlop Perdriau Rubber — .. 18/3 Electrolytic Zinc .... 1/5/6 .. 1/6/6 Electro. Zinc (pref.).. 1/5/6 .. 1/6/6 Farmers'Trading .... 8/6 .. 9/0 Farmers'Trad. (A pref.) 14/0 .. 17/6 Farmers'Trad. (B pref.) — .. 13/0 Gear Meat, Ltd 1/17/0 1/18/6 Hay ward's Pictures .. — .. 16/fl Henry Jones, Ltd. ... -1/8/9 .. — Kempthorne, Prosser. — .. 3/12/6 Milne, Choyce (deb.).. 1/6/9 .. 1/7/0 N.Z. Farmers' Fertiliser — .. 1/0/6 N.Z. Paper Mills ..... — .. 1/0/3 N.Z. Refrigerating ... 11/0 .. — N.Z. Refrig. (cont.) .. 5/4 .. — Sanford, Ltd. . — .. 13/0 Sanford, Ltd. (pref.).. — .. 1/0/0 Sharland and Co. ... — .. 1/1/0 Sharland and Co. (pref.) 1/0/0 .. — S. R. Maxwell and Co. 4/6 .. 9/0 Union Oil — •• 2/1/0. Wairakei, Ltd. 6/6 .. 10/t> Whittome. Stevenson. — .. 2/0/6 Wilsons Cement 1/18/6 .. 1/19/0 MINING— Alburnia — •• Kawarau 0/2J .. 0/6 Lucky Shot (pd.) — •• 2/6 Lucky Shot (cont.)./.. — .. 1/0 Moanataiari (5/ pd.) .. 2/2 .. 2/3 Moauataiari (2/4 pd.).. — .. 1/6 Moanataiari (1/6 pd.).. 1/3 .. 1/0 Ohinemuri Mines ..... — .. 2/0 Ohinemuri Mines (pref.) — .. a/6 Waihi 13/6 .. 13/9 Waihi Grand Junction 1/2 .. 1/6 Mount Lyell 1/12/1 .. 1/12/S DEBENTURES— Auck. Gas, 1935, 61 p.c. 100/0/0 .. — Auck. H.B., 1941, 6 p.c. 101/0/0 .. — Bootli-Macdonald — .. 90/0/0 Gissorne Sheep Farmers — •• 9:y0/0 Hamilton F.B., 1939,6 — .. 102/0/0 Mt. Albert, 1963. 5} p.c. — ..101/0/0 Williamson's Films, 7} — .. 102/0/0 Hikurangi Coal, 10 p.c. 99/0/0 .. 105/0/(i WAR LOANS— Loan, 1938, 4J p.c. ... 97/10/0 .. — Loan, 1939, 4i p.c. ... 97/10/0 .. — ' Loan, 1941. 41 p.c. ... 97/10/0 .. — Soldiers, 1033, 51 p.c. 99/0/0 .. 99/2/0 Loan, 1933, 01 p.c. ... 99/0/0 ... — INSCRIBED LOANS— Loan, 1038, 44 p.c. ... 97/5/0 .. 9S/10/0 | Loan, 1939. .41.p.c. ... 97/5/0 .. — . Loan, 1927-41, 5J p.c. 96/0/0 •.. — ' Soldiers, 1933, 51 p.c. 99/0/0 .. — Loan, 1936, 51 p.c. ... 99/2/6 .. 99/10/0,