TRADE AND FINANCE.:

Auckland Star, Volume LII, Issue 303, 21 December 1921, Page 6

TRADE AND FINANCE.:

AUCKLAND SHAREMARKET. BUSINESS DONE. '] AT THE 3.15 P.M. CALL YESTERDAY— City of Auckland Debentures, :&42. .£OO ' AT THE NOON CALL TO-DAY— j Bank of New Zealand £2/6/(i ',

Union Bank (90/ paid) £6/H/i) ' j Northern Steam (paid) 13/ I Auckland Trams (ord.) 14 !> ] bank of Australasia £11 I i( BANKS— Sellers. Buyers. I Australasia 11.1 v .. 10/18/0 j National — .. 5,1U/U . .Sow Zealand 2 0.1) .. 2 v :j L'nion of Aiis. (!i(i,j.. 6,'iti/U .. (i. H/0 INriIHAXCESotitb Uritish 1/15/0 _ — ' I''INANIuL- 1 N.£. auU Uivpr Plate — .„ 17/3 ; l.uuu aud Mercantile 780-0 76,0,0 , Loan iiiiLl Mon:. U'ref.) — ... 5-/0,0 ; COAI : liikurangi HO ... 9, G 'laupul li/U .. — \\ai|.a 10/O « — : GAS - 1 Aui-kland (i>.u.) 1 1 n .. i 0, n J Aucklauil u.-ont.) 17,1 „ IU.T '. b-ilirPlNU — Uev. terry lex dtv.i. . 1,10 .. _ 1 lluddaxt Parker lord. I -.-,G .. 2 ~1,".', i .Nunut'ru Sieain ip.u.) .v; (i .. 12,".) .Norihern Steam luout.j 0 4 .. U/u •. I', aud O. Deferred... 32.V0/O .. 3iX), v, v ■ Tl.MUfcl:— I ' Kauri Timber — „ 1.-4 '!» L.OB. Timber — _, 1/10/0 ] Tarter. Laniu 1/0,0 —, — MISCKLLANEOCB— .luckmud Trams 13/0 .. 14/!) ' Auullluud Trams ipref.) 37 0 .. IU/0 J Lyuioif. l-t«l 1 «', ti .. — Culouial Sugar iKiji) 10/0 0 .. — Karuier»' Aue. luref) — .. 16/0 lii»: and l'luiuimr .. i. In .. — Merediths, Ltd Hi 0 .. — 'i'UouLru, Arcade (prefi — .. ltf/y Mime. Choyce (ord.i — .. 1/0/3 Millie, L'hoyi-e (ileb.i 11. i> .. 1,0/3 .N./.. Itelrisei-atin;; 1. :>, ti l/S/0 Parenga Oil lU, 0 „ — l'aieujjii oil (cout.)... ii/ 0 „ in Miarlaud aud (Jo. .. — .... 1/0/0 ln-ajiuna Trams 12/0 .. y/y 'lnames Theatre — „ 12/ti Toueou Uarllclc ia/0 .. — L'uioii Oil l.oio .. — Wiseman and Sous... lb, {'• .. Wilsons (Jemcut .... HO .. 14/0 lll.MKli STOCKS — Hauraki Mines 0/2 .. 0/1 lvuuiata l.vets — .. u/1 Oliiuetuuri Mines :>/B .. 2/9 Waihi IU/0 .. 3!),0 Waihi (Jrand .lunctiou a/0 .. 7/7 DEBENTURES— K.Z. War, 1880, 4J p.v. — .. 90/0/0 War, 1935, 4i p.c. — .. So/12/6 n./>. war, may, 4$ p.c. — .. 80/12/ a N. 2. War, 1U27, 0 p.c. — ..Ul/10/0 N.Z. Ins., 1927, 0 p.c. — 91/10/0 N.Z. Ins., 192U, 5 p.c. — .. 90/15/0 N. 2. Ins., 103S, 4J p.c. — .. 85/12/6 N.i. Ins., lOIil), 4« p.c. — .. S3/1-/0 Soldiers - Loan, 5} p.c. — .. »2/5/0 Soldiers'lns., 5J p.c. 92/13/0 .. 02/7/U MARKET CHANGES. £100 N.Z. War Loan, 4i p.c, all issuesBuyers £80/12/tj, advance of 2/6. Bank New Zealand—Sales £2/6/6, down 0d Union Bank (90/ paid)— Sales fB/14/0, up 2/ bank of Australasia—Sales £11, up 3/. •Northern Steam (p.u.) —Sales 13/, down 3d. P. and O. Deferred Stocks —Buyers fJOO, up ilO. LONDON SHAKEMARKET. LONDON, December 10. I", and O. Shares were quoted to-day at buyers £290, sellers £510.—(A. and N.Z.) . LONDON PRODUCE MARKETS. •HIGH COMMISSIONER'S •REPORT. (By Telegraph.—Press Association.) WELLINGTON, this day. The Department of Agriculture lias received the following cablegram, dated 17th iiißtamt, from the High Commissioner for New Zealand, London: — Meat.—No change in market, out somewhat better inquiry lor best quality lamb at unaltered price. Beef in poor demand and closed below price quoted. Present quotations are:—N.Z. mutton, lightweight Sfcd to sid, heavyweight *i<l to -tid, eweu 41d; N.Z. lamb, lightweight 7gd, he'vyweight 7d to 7Jd: N.Z. beef. ox. hinds od. fores 3}d; Argentine chilled beef, hinds 7d, fores 4<l. Butter.—Market continues weak and Irregular owing to large supplies arriving from all sources, and prices have declined furiUer. Ontouil iiuuuiuuna are:—-Sew Zealand, December 17. I.V)/ to 156/, cxceptioual I.tS./ per cwt. 1 4d. l/4id, 1/5 per 11>. Towards the end of this week much lower prices accepted, sales of New Zeaknd having been made as low as 145/ per civt, l/3Jd per lb. Cheese.—'Market quiet and very little business doing. New Zealand, white 00/ to US/ per cwt, 9}d to llKd per I|>; i.olouiud HO/ to !iti/ per cwt, 93d to IOJd per lb. Casein.—Rennet, French unchanged at J-01 lo £0-1 per tou, British declined to £3B per ton. hump.—New Zealand market continues (lull, but somewhat firmer tone. OctoberDecember shipment high points quoted at £S5 10'; fair £;3 10.' per ton sellers Considerable quantities of Mexican sisal Ijavc been sold to Europe during the lajst few mouths at gradually declining price, but the market is steadier now, and no further decline has taken place during the laet two weeks. Fresh sisal commands premium over old stock offered by U.S.A. '■holders. Present quotations are:—Fresh c-nrrent white £30 10/ per ton c.i.f EJnrope. Eggs. — Market somewhat weaker, and supplies exceed demand. Wool.—At B.A.W.R.A. Hull sales this week, 29,000 bales were offered, of which 8000 were New Zealand. Competition was active and all bidding keen; bulk of offerings- sold. Merinos closed at 7*d croeebreds, coarse G per cent, medium and flne 10 per cent to 13 per cent above closing rates at recent scries Bradford market firmer and piece goods trade shows improving tendency. FOXEIGN EXCHANGES. LONDON, December 10, The following rates on foreign exchanges are current to-day, as compared Tvith the cabled quotations on December 15 and par: Dec. 19. Dec. 15. Par. »wTork 4d0122c 4.19 4.806 Montreal 4d0153c 4.53 4.S«i ■Paris 52fr 01.70 35.856 Berlin 770 m 768 1>0.43 Stockholm 16kr95ore 17.0* -18.159 Christianie... 27kr03ore 27.37 18.100 Copenhagen.. 2Okr33ore 21.79 18.15 a Caicntta 1/4 1 '3J 2/ Hongkong 2T* 2/7 Yokohama 2,<38 2/3} 2/OJ (A. and N.Z. Caljle.) THE GERMAN MARK. Messrs. S. 11. Wren an* Co., of Auckland, to-<lay received cable advice from London quoting the Beiehmark at 750. THE TEA POSITION. The outlook for the tea market. accordinK to figures quoted by a writer In the '•Investors' Chronicle and Money Market Review," is for a world shortage in' 1922. This is due to the fact that, owing to large' stocks having accumulated iv all great market centres at the end of the war. prices realised during the latter half of 1920 and the first six months of u>2l. were not remnnerative to the tea producer, and naturally the output has fallen on". Meanwhile since the war, tra consumption has increased greatly in the United States. It was estimated that the total exports of tpa from producing countries would be IOIi.OOO tone less than that for 1913. This meant tiding up the stocks held lv stores which was estimated at 100,000 tons at the tieeinu Ing of the year. Unless production increases a shortage next year seems certain. TECHNICAL EDUCATION. That Germany recognises the need of technical education if she is to recover the world wide trade lost during the war Is shown by the fact that there are now more journals dealing with that subject than was the case in pre-war days.At the beginning of (the war Germany had 0,250 professional journals. Of this number 1900 suspended' publication while the war was in progress. Since 1919, tie number has been gradually increasing again, and to-day Germany hae 6 *00 technical journals, or 100 more than Is 1014.