TRADE AND FINANCE.

Auckland Star, Volume LIII, Issue 83, 10 April 1922, Page 6

TRADE AND FINANCE.

AUCKLAND SHAREMARKET. BUSINESS DONE. AT THE 10 A.M. CALL TO-DAT— New Zealand Insurance £1/8/0 Auckland Gas (p.n.) £1/1/3 Soldiers' Loan £95/26 AT THE NOON CALL TO-DAX— Auckland Gas (p.n.) £1/1/3 Devonport Ferry £1/1/6 N.Z. Refrigerating (eont.) 13/9 rarenpa Oil 8/ r. Soldiers' Loan, Inscribed £35/5/0 BANKS— Sellers. Buyers. Australasia 12/1-2/0 .. 12/3/0 Commercial — • • 1/7/3 National 5/18/0 .. — New South Wales — .. &V 5/0 New Zealand 2/9/6 .. 2/S/9 Union of Australia... 12/7/0 .. 12/5/0 INSURANCE— New Zealand 1/8/0 .. 1/7/6 South British 1/13/3 .. 1/12/6 FINANCIAL— N.Z. and River Plate 19/0 .. 18/0 Loan and Mercantile. 79/0/0 .. 74/0/0 Loan and Merc, (pref.) — • • 62/0/0 COAL— ■Hikurangi 12/0 .. 10/0 GAS— Auckland (p.u.) 1/1/6 .. 1/1/0 Auckland icont.) 17/0 .. 16/9 Napier — - - 8/2/6 Napier (£5) — • • 4/1/0 SHIPPING — Devonport Ferry — .. l/l/O Huddart, Parker (ord.) 2/7/0 .. — Northern Steam (p.u.' 13/9 .. 13/6 Northern Steam (eont.) 6/6 .. 6/2 P and O. Deferred... 320/0/0 .. 300/0/0 Union Steam'(pref.).. 19/0 .. 18/0 TIMBER— Bartholomew 18/6 .. — L.OB 1/13/0 .. 1/11/3 Parker, Lamb 1/5/0 .. — WOOLLEN— Kalapol (ord.) 1/6/9 .. — Kalapoi (pref.) 1/3/0 .. — Mosgiel — •• i/iyo Wellington — • • «/la/w MISCELLANEOUS— Auckland Trams- 16/3 .. 16/0 Auckland Trams (pref) — .. I/O Bycroft, Ltd 19/9 •• — : Dental Supplies, Ltd. 1/7/0 -. — Farmers' Auc. (A pref) — .. l»/0 farmers' Auc. (B pref' 17/6 .. — , Hill and Plummer 1/1/6 .. — _ Theatre Arcade (pref.) — •• *»/> ' Merediths, Ltd 11/6 .. — •' Milne, Choyce (ord.).. — •• IA/0 . Milne, Choyce (deb.). 1/1/0 •• 1/0/6 Newton King, Ltd. .. 17/6 .. — ' N.Z. Home Builders.. — .. 6/0 N.Z. 1-aper Mills 1/2/9 •• — m - N.Z. Refrig. (eont.).. 13/9 .. 10/7 Northern Boot 1/1/0 .. — ' Parenga OU 10/0 •• «/° Sharland and Co 1/1/9 .. — Manwell and Co 1/5/0 .. —■ Thames Theatre —i •• la/0 Tonson Garlick 15/0 .. — Union OU 1/7/6 .. IAV 3 Wilsons Cement 16/3 .. 10/0 Wairakei, Ltd 7/6 .. — Gear Meat Co 1/14/0 .- 1/12/0 MINING STOCKS— Haurakl Reefs ~ 0/2$ .. 0/li Haurakl Mines 4/0 • • — Hauraki Mines (eont.) 2/0 .. — Ohinemuri Mines 4/6 .. — Waihi l/ 0/« •• l»/6 Waihi Grand Junction 6/8 .. 6/Muir's Heels 2/17/6 .. — DEBENTURES AND BONDS— City of Auck., oi p.c. — .. 86/0/0 N.Z. War, 1030, 4* p.c. 93/15/0 .. 92/10/O N.Z. War, 1935, 4* p.c. 01/O/0 .. 90/12/6 N.Z. War, 1939, 4* p.c. — .. 90/10/0 N.Z. War, 1927, 5 p.c. 94/0/0 .. 93/10/0 Soldiers' Loan, 1b33, 51 — • • 00/O/O N.Z,. las., 1827, 5 p.c. 94/0/0 .. - N.Z. I_, 1938, 4* p.c. -r . • »J/U/6 N.Z. lus., 1939, 4J p.c. — - - SO/10/0 Soldlere' Loan, Ins., 5i 90/o/0 .. 90/0/0 MARKET CHANGES. 1 £100 Soldiers' Loan —Sales £95/2/6. up 5/. Auckland Gas (p.u.)—Sales £1/1/3, up 3d. Wilsons Cement—Buyers 16/, up 3d. Commercial Bank —buyers £1/7/3, up Cd. Union OU—Buyers £1/5/3, up 3d. P. and O. Deferred Stock—Buyers £500, °P £1 °- , t, xac Auckland City Loan, oi p.c—Buyers ±S>, up £1. MINE MANAGERS' REPORTS. Hauraki Mines, Ltd. — The manager reports that at the 400 ft level, No. 1 win*e, the drive seaward on the new reef tt. in a totaL distance of 65ft. _c reef formation is now 181n In width; the hangingwall ls making rapidly towards the footwall country- The country rock In both walls ls.all to* be desired for getting gold. Good progress is being made with cleaning up the main level north „ the deviation connection, and another lOOtt wUI reach the reef where gold is expected. TALLOW, MEAT AND WOOL. The New Zealand Loan and Mercantile Agency Co., Ltd., have'received the following cablegram from their London house, under date Sth Instant: — Tallow—We quote present spot values for the following descriptions: Pine muttott 42/Tper cwt, good beef 40/ per cwt, mixed 34/3 per cwt. Market quiet. New Zealand Frozen Meat.—Lamb : ll|d. Mutton: No change ln market (last quotations 22/3/22). Wether and maiden ewe: Light 7«d per lb, heavy 6id per lb, Ewe: Light 5Jd, heavy oid. Beef: There te more inquiry, quotations unchanged (last quotations 22/3/22). Ox, hinds 44d per lb, fores 2jd per lb; cow, hinds, 3id per lb, fores -d P _ondon Wool Sale advise that the opening dates for the remainder of the year have been nxed as follows: 6th series, September o; 7th series, October 17; Bth series, November 21. The quantity to be offered at the 3rd 4th. and 6th series wUI be approximately 160,000 bales each aeries. For the remaining «ales the limits will be fixed later. BUTTER MARKET EASIER. LONDON, AprU 8. ThtJ butter market ls easier. Finest New Zealand is quoted at 180/ to 188/, and exceptionally fine at 190/. Australian finest Is quoted at 170/ to 176/, and Danish at 196/ to 19S/.-(A. and N.Z. Cable.) FEILDING STOCK MARKET. * Messrs. Abraham and Williams report on Feildlng sale on Friday, April i. A brisk sale resulted in a good rise ln all classes of sheep, wethers especially being ln keen demand, also good lambs. A few medium breeding ewes sold well. Eveiy"cbing was quitted under the hammer. Cattle sold freely at late rates. A very few fat sheep were yarded, and prices rose considerably. We quote: Fat lambs, heavy 22A0 to 25/, medium 18/6; fat wethers, heavy, 25/ to 2S/9; ewes, heavy 19/1, good 17/2, light 14/6; store wethers, 15/11, 17/7, to 19/3; breeding ewes, fair to 15/, low 10/10; forward ewes, 12/7; lambs 13/ to 13/11, medium 9/3 to 10/3, small 6/4, 6/8 to 7/7. Cattle: Springing second calvers to £9 18/: Shorthorn heifers, r.w.b., November, to £3 11/; Holstein r.w.b., November, £4-4/; fat bullocks to £6; fat cows, £2 10/, £2 16/, £3 5/ £3 11/ to f4 5/; fat heifers, to £3 15/; store cows, £1, 25/, 30/ to 38/6; bulls (potters), 27/ C, 32/ to 35/. FIJI TRADE OUTLOOK. The annual report of the president of the Levuka Chamber of Commerce has a strain of optimism. Mr. H. R. Gerrlng, after referring to the effects of the late war and disorganisation ot trade ln consequence adds: "There Is no doubt this wellendowed colony wUI win back prosperity in due course. The year 1921 turned out better than we expected, and although it ls anticipated that 1922 will be leaner, yet we may lope It will show Better results than seem possible at the present Juncture." The president pointed out that while diminished returns of sugar might be expected, the copra crop seemed likely to be the heavest since 1919. The Trocas shell Ashing Industry had been revived owing to an Improvement in values in Japan, and It seemed likely that 1922 would show the largest export of that article since 1918. The fall In price of copra was touched upon. While 14,526 tons were shipped as against 14,666 tons in 1920, the difference" ln value was most marked. At £38 per ton * n *a* year the value totalled £508,830; but wo? 921 ,—.* 25 per ton *- dropped to £282,----jes, or little more than half. Export hav- £(__?«? to Han > bn rB. has, however,! widened the range of competition. Daring ImL) be parity of vala <> 'or copra in pr?ces WBS cra " den,l,lr bd<w London