TRADE AND FINANCE.

Auckland Star, Volume LIII, Issue 99, 28 April 1922, Page 6

TRADE AND FINANCE.

AUCKLAND SHAHEiVIARKET. ! BUSINESS DONE ; "' "A :r Loan itvw o: '.7 1 r fi r.k -:' N-w Zealand £2 11/0 i AT T'i.-'. '.0 A M. CALL TO-DAY— ,f *.. i*aoer Mills . ■ -1 l ■ J " >'. '"i- i..:aa ;O:Hi i."92 '•' i > /.. War La.aa rIOSS.. In*. ...£»2 0 0 2 IN -•: ': INCE— j \ N-"'- Z>:iia.°n>i " - " I-S-a--T-' "■ - " j Gi, ,ii ..-.r.ari Mnrr .. 1 Pi. n .. 1 j * --0 , i..i:i.i a.'a"\(-r'-aur::.' au.0.0 '.'. 74 n " •.oar. aad Merc. ioref.) — .. 62 0/0 j C a:. - G.-.S— A--a..nd fp.n.'i i !il .. I**> ! Aue.aland icost.) 17 0 .. 17 it Birkenhead 17 0 .. — ' SIi;PPING— : Hnddart Parker iord., 2fi D .. 2 3.D ' NdL-raern StSiiE t'coat.l 6 rt .. 60 , rani' 0 Deferred. . 336 o 0 .. C2R Of) i : i-.a.-.,<a-.srr I- R .. — " Ktnri aim ler — .. 1 '3 fi • : W">. •r.LF.N— ■ ! Mes-nel — .. fl 0,-0 ' MISCKLLVNEOUS— L Ac- tland Trams .... ;rt -1 „ 1* 0 Auci'laad Trams tpref) .. ,-"17 Op Bv—-if-. Lril I r 0 . . - ! . ("al'nia! Sugar iAos.l —' .. 23/10/0!-. Farmers' Auc. tA — .. Mv ~ F.wraers' Auc. .B pref) 17 >'• .. — L Hil! and Plummer . . 1 1 n .. IS 6 , Theatre Arcade ,pr»f.i — .. 17 n\ : M. c. Cn.-.y ••• ~»rd •.. — .. 1 o.n I Milne. Choyee (deb.) 1 0,3 .. r3/0 1 X !-. Drue 2.12,6 .. —j • N.Z H.-,nie Builders 7,0 .. 6 o|i N.Z. Parer Mills Vt»/0 .. _ . N.Z. .. — .. 1 -3.1) I , N Z Rerriarerariaa- icon., 13 3 .. 12 :> ; • N'orhem Boot I! 0 .. — I' ml r,.-H .. 8/7*. ( Par-r.ara Oil fconr.i.. 56. . — !) Pi;.:ipps and Impey — .. 1/2/0 - S. S. Sli-n;; and Co. 13 0 .. — . Takapuna irams.... — .. 12.-0 Thames Theatre — ~ 13/0 Torason Garlick 13 0 .. —' Union Oil — .. 1/7J/0 and -Sons .. 14 0 . . — 1 Wilsons Cement 16/8 .. 16/4 Gear Meat Co 1/15/0 .. 1/12,0 in MING STOCKS— Hauraki Mines 4/0 .. H&:;raJi-i Minas (cont.) 1,6 .. — CMaeinur: ilines <■> .. — zih '. i''">-o .. i/o/o Waihi Grand Junction 7 '2 .. g/T iiulr's Reefs -,'lii 0 .. ItEBENTURES AND 'BONDS— S'L'-l-i Aack - 5 * P°- — ..-57 10PN.Z. War. 1330. 4j p.c. si*,) >-. 3 ,-, n a-a-g- 5".--- ISS?-« p.c. _ _ of.tor. N .7.. V, ar, IS3D. 4* p.c. - •>! r, . 0 ?-?;. Wa . r --75^-J i ;P-''- - .'ki-'O rioadiers . 1333, ai r-.c. — 96 •-• .-a N.Z. Ins.. IK7. oVc. — tiK-To N.Z. Ins.. EgO-, r, p.c. _ ;; 02*00 S.Z. Ins., ISCB. i\ P; c. 92;3/0 .. 81/15,0 n.z. ins., laie.-t; p. c . _ cf,,-,( 0 Soidiers' Loan. Ins.. 34 ' 98/2/R 3icxw»l!. Ltd. ..... "" 99/oyo Ciaborue Fanners... _ '" 93/0/0 2IARKET CHANGES. Bank at JaatraU^o—.&—*— *__%/. uz> 1/ Nati'inai P.-inl:—P.nyers £S/11/ lip 1/ Bant of New Zealand—Buyers £2.-11/3. np P. and O. Deferred Stock—Safes £330 aEakapnca Tram and Ferry—Buyars 12-' up 6ri. - ' • Waihi—Sales £1.0 ?,. down 0-" Union £V2/iy€np 7,/. 10 ' Vi ' :r -— Sales S*. up flia> War Loan. lOaW—Sales JM nn 10/ £m War Loan. ISST-Bnyers' £31/17/6, up £im Soldiers' Loan—Bayers iO6/2/6, up 7/6 •p SOUTHERN EXCHANGES. ' T!y Telegraph.—Press Association.! I *fL e " 1 ""ar'-ngp.—Bank of NcwZer'Trt 'I/a; P. and O. Stock, £330. THE BANK RATE. IS IT TOO HIGH? fEy Telegraph.—Own Correspondent.) CHRISTCHURCH, this day. As the result of inquiries made by a . ; r.s»nt.arlve among local business men, rA, f"", : '" rl '- existing bank rate 7 ,as against the Bank of cf ad , ra ; r , e ot 4 VW cent, has created a ?1'7"5 fe f ii:l g that a reduction is due I Sector * l ?*~ be dela 3"ed. The f effect of a hi ? h hank rate In restricting who aJ ™ !?P h by a business man. 7£ w?J£? ""*' zh T- mam grievance against The hanks,, apart from the hisrh rate n traderf^/S^^j^^tell^^ ss? r n h t n a&Tsss <■* purchases so rha- -h» -. t , 3a,ln - > ? £.SS SS be?n able to do so. d no '" yet "Another complaint." the sneafceverr hijft srora-p r rf incur' because rhey "couTd not iif?'J'Z i,S „ n } ever, to-day t'-,»re 9 „ .' I' - oc "'- is - *nd ; g-ds im.oVed cfuAnVrlie^h'oeriJ'r 3 < "-r,i.iP ia , jjfj i;nno'*Terx i f.»ii «, * ! P^^^afaeS^V^' are sr-rrio" haeir - L' ,w - nrn *' T ' we trader ha?» been 4ni would reduce their rate t '", h T,. hAnks ment wa.s- nxlw f» L, tho Governper cent." " c mort S'<Z* rate at 64 . aicother man asserted that -i. jr _~ t bank rare had nothing to d«, •- h ,f nfflisn SSffilW themselves had suffered rron, trade and he did not think it fei? w assurue that the banks were deliberately blocking trade, but he thought the position Ijud Improved lately, and reduction would iiiivc to be considered.