TRADE AND FINANCE.

Auckland Star, Volume LII, Issue 279, 23 November 1921, Page 6

TRADE AND FINANCE.

THE SHAREMARKET. BUSINESS DONE. AT THE NOON CALL TO-DAY— Auckland Trams (preC.) (16/) Parenna Oil irant.l 16/ N.Z. Insure hop £1/8, li N.Z. War Loan. 1027. .(ffll 10/ TO, £!»l,'lo/0 ■Solfllprs' Lonn t£B2/5/0) N.Z. War Loan, l!i:ts, insi-rrbed. .£BO/10/0 BANKS— Sellors. Buyers. National .V3.VO .. 5/13.0 Sew Zealand 2.-0/6 .. a/S/9 Union of Aiistralia .. 13/3/0 .. 11/12/6 L'nlon of Aiw. (15/ nd' 4 ."> 0 .. 4 0.0 IXStTRANCE — National — .. 2 17/0 New Zealand lS'fi .. 1 Sfl South British 1/13/0 .. 1/14/3 FIKANCIALN.Z. and Wvcr 'Plate — .. 217,0 Loan anU Mercantile — .. 80/10/0 Loan aud M«rc. ipref.) — .. 55/0/0 COAI^— Hiknraugi l<l G .. — -Northern — .. 0/4 Tanpiri 17/6 .. Waipa — •- 13A> GAS — Auckland (p.iO I'4'O .. 13/3 Auckland (eout.) 3/12/0 .. 1/11/3 SHIPPING— Dcvonport Ferry V-J'G .. 1/1/0 •HuddaTt 'Parker (ord.) 2/5/0 .. 2/3,8 Huddart Parker Tl>ref> — .. 16/0 Northern Steam ip.u.l 14/0 .. — Northern Sleam (cont.) — .. 6/1 Union Steam fl>ref.).. — _ IS/ti TIMBER— Bartholomew Timber 1/0/0 •- — Kauri Timber l/G/0 .. 1/3/4 L.OB. Timber — „ 1/10,1) Parker, Lamb 1/7/0 .. 1/2/0 WOOLLEN— Kaiapoi 00/) — -. 11/9 SIISCELLAXEOUS— AachlanU Trams 15,0 .. 14,9 Auckland Trams (pref.) 17/0 .. 15/0 Bycroft. Ltd 1/0/0 .. — Colonial Sugar (FIJI). 10/0/0 .. — Farmers' Auc — .. 3/15/0 Farmers' Auc. ipref) — .. 18/0 Merediths, Ltd l«, 0.. — Theatre Arcade (ord.) — .. 1 5/0 Theatre. Arcade (pref) — .. IG/ , .) Milne, Choyce 10rd.).. — .. 1/0/0 Milne, Choyce (deb.|. 11/0 .. 1/0,0 Sen Zealand T>rug .. 2.13/8 .. 2/12.0 N.Z. Taper Mills 1-3/0 .. — N.Z. Refrigerating 1/10/0 .. -~ N.Z. Refrig. (cont.)... 15/9 .. — .Northern Boot 17/6 .. — tParenga Oil 11/6 .. 10 0 Farenga Oil (cont.) .. «/o .. 5 6 Sharland and Co. ... — .. 19/0 Takapnna Trams 12/0 .. D/ 0 Thames Theatre — .. 12,0 Toneon Gariick la/9 .. — Union Oil 1/6/0 .. - Wiseman and Sons .. ]<i/tl ... — Wilsons Cement 13/» ~. 13/6 IIINXN'G STOCKS— Hauraki Reefs 0/3 .. 0/1 Komata Reefs ....... — .. 0/1 Ohinemuri Tilines 4 0 .. 3/0 Waihi 1/1/0 .. 1/1/0 Waihl Grand Junction 8/11 .. S/S Debentures— N.Z. War, 1930, 4i p.c. - .. S9/10/0 N.Z. War, 1939, 4* p.c. So, 15/0 .. — SN.Z. War, 1927, 3 p.c. 02/O/O .. 91/0 '0 N.Z. Ine, 1939, 4* p.c. S5/10/0 .. — Soldiers' Loan, 5* p.c. 92/10/0 .. 92/2 '6 Soldiers'' Loan, Ins., 5i 02 7/0 .. 92/0/0 MARKET CHANGES. Colonial Sugar (Fiji)-Sales £9 IS/, down 2/. Soldiers' Loan—Sales £92 5/, up i/ 6. Kauri Timber—Buyers ±'1 3/3, up 3d. •SOUTHERN EXCHANGES. DITNEDIN, ibis day. Sale on "Change: Union Bank (new issue), c 5/. LONDON METAL MARKETS. (Received I.CO p.m.) LONDON. November 20. Copper.—.Spot £66 8/9, three months £67 i/9: lead, spot £24 10/. three months £24: spelter, spot £33 15/, three months £26 < t>: tin, spot £160 13/9; three months £M>Tiiver.—Bar silver, 3/31 per oz. standard. l/)NDON PRODUCE PRICES. t HAMILTON, this day. The Farmers' Auctionerinf Company has *ecelved the following cable from its London office: — r, Motton and lamb have dec-lined. Expect price to decline further. Large supply of Iresh killed feat. Tallow. —Slarket dull, -with downward tendency. Demand for oats, and prices of oats improving slightly. Mr. A. E. Fear, organiser of the Dairy ■Farmers' Union, received the following cable from London, this morning, glring retail prices for New Zealand produce in London yesterday:—Beef, 2/ per lb; mutton, 1/8: lamb. 1/9; batter, 2/4; cheese 1/8.

FAT STOCK MARKET. j PRICES STILL LOW. 1 •TO-DAY'S WESTFIELD SALEiS. Alfred Buekland and Sons. report that to-daj. at their weekly Westfteld fat stork market their supply of beef totalled 337 leads, comrising 237 steers. 78 cows and telfera, and two balls. There wan no Improvement in the demand, and generally there was a further decline in Talnea. Extra choice ox sold to £1 6/ per 1001b.: chice and prime from £1 to £1 57, ordinary and plain 16/ to 19/; prime young caw and heifer beef. 17/ to £1 4/: ordinary cow beef. IV to 16/: rough, beef, 6/ to 10/. Extra heavy prime steers sold to £12 J7/G: hesvv prime, £9 10/ to £11; Hunter prime £6 15/ to £9, light and unfinished £.'.', 10/ ;*o £5; others. £1 to £3 5/. CONDON PRODUCE MARKETS. The Department of Agriculture has received the following cablegram, dated 10th instant, from the High Commissioner for New Zealand. London:— Meat.—Market irregular and weaker mainly owinz to excessive supplies of home killed*and Continental meat, combined with low prices accepted for balance of old season's imported meat. New Zealand mutton lightweight 6d. CJd, 'heavy-weight difficult to sell at sd; ewes, lightweight 4gd; lamb, lightweight SJd. heavyweight 75d, 73d- beef, little demand, quotations nominal, best ox, hinds r>sd. fores 4d; Argentine chilled beef, hinds 7Jd, fores 3d. Butter: —Good inquiry for beet qualities. which are disposed of without difficulty. Home supplies scarce. New Zealand (19th November); 198/, 200/. and op to 202/ per Srt. wal to 1/»1, I**. I]®. Athenic expected to discharge towards end nest •week- sellers asking same price. Government stocks: Better feeling reported last ■week continues at prices then quoted. Cheese.—Market firm, and demand continue, good. New Zealand (19th November), white 94/. 106/ (lOd, lljd per Ib), coloured 86/. 96/ (94d. lOJd). Hemp.—Consumers , interest in all classes •t present is practically negligible. Manila market continues dull. Value ,of J rrade August-October to October-December shipments is about £3S per ton. New Zoaland market is inactive, shippers not foeine disposed to accept lower P"f*«There are secondhand sellers of spot poiuts at £40, November-January shipment £36 10/ per ton; fair, spot, £37, NovemberJanuary shipment £34 10/ perr ton, but no transactions reported. Wool.—Bradford market quieter this •week, users cautious in view of easier tendency in Australian market. At Liverpool B.A.W.R.A. sales this week price for pood wools about 5 per cent lower, average find inferior sorts 10 per cent below last London closing rates. Outlook for coming Reries influenced by the extreme depreciation of the mark, and consequent effect on German competition. Total offerings will be 73,000 bales 8.A.W.R.A., InchidinT 85.000 bales combing merinos and 19.000 bales New Zealand crossbreds. Privately owned wools 72.000 bales, of which 27,000 Australian, 34,000 "New Zealand, balance principally South American.

Messrs. Dalgetjr and Company, Limited. lave received the following cable from their Loudon office, under date ISth inst: —

Butter.—Market firm, owing to small •rapply. Dnnish. 248/ to 254/; Australian, prime nnsalted 196/ to 200/. salted 176/ to lee/, secondary salted 160/ to 172/, inferior ealted 130/ to 15C/; New Zealand, first erade 198/ ,to 200/. Cheese.— 'Marki-t firm. Stocks practically "tSf** , N ew Zealand, coloured 86/ to 96/, J hlte , M/ to 108/; Canadian, c.l.t quotation, log to 108/. .