TRADE AND FINANCE.

Auckland Star, Volume LII, Issue 304, 22 December 1921, Page 6

TRADE AND FINANCE.

AUCKLAND SHAREMARKET. BUSINESS DONE. 1 AT THE 3.10 P.M. CALL YESTERDAT— Auckland Gas (p.u.) (£l/1/0) . Auckland Trams (ord.) (14/9) ' Millie and Choyce (deb.) (0/0/3)

WAIHI SHARES. LONDON, December 20. Waihl Shares were quoted to-day on tlie London Stock Exchange at buyers 17/ti, sellers 20/, ex dividends. —<A. and X.Z.) TRADE AND EXCHANGE. During the twelve mouths ending .Tune, 1021, Canada Imported goods from the United States to the extent of four and ahalf tiroee mope than the total from the United Kingdom. The rate of exchange. from the United 0 States," v Canada and Nova Scotia colliers finding a profitable market for their product in Ontario. Last year Canada paid twice as much for coal Imported, as compared with the previous year, and to this had to be added exchange to the extent of fourteen million dollars. While anthracite is admitted free, the exchange really levied amounted to 13 per cent. More than onethird of Canada's exported wheat and flour went to the UnJte*States last year. TRADE WITH THE EAST. The possibility of New Zealand opening up trade with the East, particularly India and China, is a matter worthy the attention of the Chambers of Commerce and the Government. At present New Zealand import* many lines from India, but so far hue not developed much return trade. The nine is the case with China, where there is a big opening for new markets. Consular reports! Indicate that what goods have reached | China from New Zealand were preferred to eimilar lines sent from America. To open up a market in the East requires the presence or a resident Trade Commissioner to introduce New Zealand products and advise people at thta end what to send and how to pack. In the year 1010 New Zealand Imported bonedust from India to the value of £15,4CK!, coffee i 6817, ,Inte bags and cloth f280,806, liuseed' oil £41',(JOG, paruffiu wax £20,444 tea £25,040, and carpets £20,813. THE AMERICAN TARIFF. The action of United States in placing high duties on Canadian exports appears likely to benellt trade within the Empire. A Montreal paper states: "This is bound to make it more difficult to sell American goods in Canada through the rising rate of exchange, therefore British manufacturer:) are making special efforts to capture Canadlnn trade. Samples of American goods that have been sold very generally in the Western Provinces have been taken to Hngland. with the result that British manufacturers will endeavour to meet this demand. Unusual pains have been taken to secure the right kind of agent in Canada." IDLE TONNAGE. When the United States went into a frensled shipbuilding scheme towards the dose of the war, it could not be forcsoen that within a few years there would be more tonnage available than there was freight offering. The Shipping Board now want to let the boats on charter, but as shipowners all over the world are filled •with a similar desire, the trouble is to get employment for boats. A recent article state* that British shipowners would be willing to give the use of their vessels to firms that could employ them, provided the latter met all expenses, as it costs money to lay up veseels. Mr. Hoover, the Minister of Commence for the United States Is said ll** Ye Pr ?? sed tUe view «>at the idle tonn.ee should be offered to exporter* ot coal at one dollar per month. MUTUAL LIFE ASSOCIATION. VEEY SATISFACTORY YEAR. (By Telegraph—Own Correspondent) WELLINGTON, this day. The manager lor New Zealand for the National Life Association has received the followlug cable message from the head office Melbourne : "The fifty-second annual general meeting of members wan Ueld to-duy. The new business for the yoar Is very satisfactory. Over 14,000 policies, insuring over five and α-halt millions were issued. The total Income for the year, including Interest and premiums, amounted to over two and a-hnJf millions. The sum of one million lour hundred thousand has been added to the fund*, which now total over fifteen millions. The Interest earned ou the average funds after deducting income tax was £5 4/5 per cent." AUSTRALIAN MARKET. <Prom Our Own Correspondent.) SYDNEY, December IT. Potatoes sold at the markets yesterday at 2i» n ton. The butter slump conttntiM. The market Is Irregular and almost demoralised. New Zealand ranges from 150/ to 156/ per cwt.. Australian ISO./ to 135/. Dealers are of the opinion that toe bottom has not yet been readied. Cheese is slow of sale. N.Z. WOOL AT BBADFOBD. (ilrra vefl IQ.3D i.m.l LOXDOX, December 31. .it r.h(! Bnidlara Wool .Sale 1700 bales ot R.A.W.U..A.. rnulty .Ajiefccailan enM at satisfactory prices. .iiiiMj pi'ivaiely-owned ~&tx Zealand bales v. »i■» keenly competed -for, and realised 10 lylTI pci* cent a-bo.v.- the r-.nwtAnn claewg rates. — (A. juid JC.Z. Cable.') ■ )■■■; QHUfESEDKI 3UKBS. It is propeffil to •fltnamtinite the Sitrwftr«am crosscut, for the time beine. ftW' after the ,h«lidnjrs etert driving on a .reel cat lurUwr btck.

BANKS— Sellers. Buyers. • Australasia 11/2/6 „ 30/18 0 National — -. 0/13/0 New Zealand ., 2/0/0 w :!/0/l> 1NSUSANCE— .V-w Zealand 1/8/6 .. 1/7/G South British ........ 1/15/0 „ — FINAXwiaL— N.Z. and Kiver Plate — .. 17/3 Loan and Mercantile 78/0/0 - 75/0/0 Loan autl Mere, (pref.) — M D".'/0/0 COAL— Hikurangi .. 11/0 ~. ~ Tauplrt 17/6 „ — GAS— Auckland (p.u.) 1/1/0 .. 1/0/0 Auckland tcont.) ~~. 17/1 1(5/7 SHIPPING— Devonport Ferry .... 1/1/0 „ — Huddurt Parker (ord.) li/.'1/O .. 2/2/0 Northern Steam (p.u.) lfi/3 .. 12/y Northern Steam (cont) 0/0 .. ti/0 I , , and O. Deferred... 335/0/O .. 300'0/(1 Union Steam (pref.).. 18/8 .. 17 V TIJ1BEH— Bartholomew .... 1/0/0 — — Kauri Timber — .. 1/4/9 Timber — .. 1/10/0 Tarltcr, Lamb 1/0/0 ., — WOOLLEN— Kaiapol (10/) ivj/9 .. - MISCELLANEOUS— AuckJiind TraniB .... ir»/0 .. 14/0 Auckland Trams (pref.) 17/U .. lti/0 Byeroft, Ltd 1/0/:! .. — Colouiiil Sugar lAue.) — .. 27/15/0 Colonial Sugar (Fiji) 10/0/0 .. — Farmers , Auctioneering 4/10/0 .. — Farmers' Auc. (pref) — .. IG/0 Hill and Pluinmcr .. 1/1/0 .. Theatre, Arcade (pref) — .. 16/9 Milne, Choyee (ord.) — .. 1/0/3 Milne, Cnoyce (deb.).. — .. 1/0/0 New Zealand Drug... — .. 2/13/0 N.2. Taper Mills — .. 1/^/G Vn.re.aea. Oil 10/0 .. — }'arenga Oil (cont.)... 5/0 .. 4/0 Snarland and Co. — — .. 1/0/0 ■rakanuna Trains 12/0 .. 9/0 Thames Theatre — .. 12/6 Tonson Garllck 16/fl .. — fuloii Oil 1/0/0 .. — Wiseman and Sons... 10/6 ... — AVllsonu Cement .... 14/6 .. 14/0 iMINING STOCKS— llanraki Hlncs 0/2 .. 0/1 Kouutta Ueefb — .. o/l ohlncmuri Mines 3/0 .. :i/0 Walhl 10/e .. 19/0 Walul Grand Junction 7/11 .. 7/8 DKBENTUKES— N.Z. War, 1030, 4} p.e. — „ 90/0/0 N.Z. War, 1038, 4* p.c — .. Su'lO/O N.Z. War, 1938, 4* p.c. — .. 85/10/0 N.5C. War, 1827, 3 p.c. — .. yi/lo/0 N.Z. Ins., 1927, 5 p.c. — ..91/10/0 N.Z. Ins., 1929, 5 p.e. — .. DO/15/0 N.Z. Ins., 1BS8, 4} p.c. — .. 85/10/0 .N.Z. Ins., 1939, 4* p.c. — . . 85/10/0 Soldiers' Loan, 5J p.e. — .. yli/5/0 Soldiers' Ins., 5i p.c. 92/15/0 .. 92/12/0