TRADE AND FINANCE.

Auckland Star, Volume LIII, Issue 193, 16 August 1922, Page 6

TRADE AND FINANCE.

AUCKLAND SHAREMARKET. BUSINESS DONE. AT THE 3.15 P.M. CALL YESTERDAY— Hank of New Zealand £2/15:; N.Z. War Loan WIS flMVlll/0 Waihi i'l ,s.i; AT Till: in A.M. CALL TO-DAY— Rank of New Zealand £2/153 South British Insurance fllSI! Wilsons Cement 18 10 AT Till: NOON CALL TO-DAY — Commercial Rank (ord.l (£l/12/3) Wilsons Cement lis IUI Waihi £1 S3 Auckland Has tfl/2/8! Auckland lias (.-ont.l 17,'!> Colonial Sugar (Fiji I flO/'O/O Waihi Grand Junction 0 N.Z. War Loan. 1027. 3 p.e. .({O3/3/0)

MARKET CHANGES. Bank of New Zealand—Sales £2/15/3, up 6d. Waihi — Sales £1/8/3, down 6d. Huddnrt. l'nrker Steam — Buyers £2/8/3, up 3d. fIOO N.Z. War Loan, 1038 and 1030— Buyers £05/10/0, up 3/. £100 N.Z. War Loan. 1038 and 1030, Insscribed—Buyers £93/10/0. up 7,1. £100 N.Z. War Loan, 1941—Buyers £94/13/0. up 5/. SOUTHERN ENCHANGES. DUNEDIN. this day. Sales on 'Change: Bank of New Zealand, £2/13/3 (two). WELLINGTON, this day. Reported sale: 10'3S Bonds, £93/7/0. CHRISTCHURCH, this day. Sales reported: Gisborne Sheep Farmers. 71 per cent, £102: I. and O. Bauking Corporation, ex. div., £13 7/6. LONDON" SIIAREMARKET. (Received 12.30 p.m.) LONDON, August 15. P. and O. shares are quoted, buyers £300, j sellers £320; Bank of Austrtilasia, £13 5/; Bank of New South Wales. £34, ex div.: Union Bank, £13 5/: N.Z. Loan and Mercantile, ordinary, £73 10/: Waihi Grand Junction, buyers 8/O.—(A. and N.Z. Cable.) OHINKMURI MINES. The report for wee:; ended August 12, 192 i. states that the Soutli Drive l a now out 243 feet, and tlio reef is four feet wide, with tne hanging wall only exposed. The reef continues to be of a hard nature. No. 2 Crosscut at IS7 feet south is out 21 feet. and lias Intersected a further body of quartz, which has been penetrated six'feet. The hanging wall is not yet in sight. This body of stone is of a kindly character, and there are indications that '.he reef i 9 of ■fairly large dimensions. FOREIGN- EXCHANGES. LONDON, August 14. The following rates on foreign exchanges aree urrent to-day, as compared with the cabled quotations on August S and par:—

PRICE OF METALS. •LONDON. August 14. Copper.—On spot. £01 39: forward, £04 6/3. Lead.—On spot. £24 10': forward. £23 13' ■Spelter.—On spot. £31 2 fl: forward. £30 3 Tin.—On spot. £138 10 3: forward, £13S Silver.—2 10jd per oz standard.—(A. and * (N.Z. Cable.) LONDON -PROD-L'CE MARKETS. The ißank of New Zealand has received the following advice from its Loudon office under date of 11th inst :— ?h«i er— '^ eo,ller ' liM ' to I<w ' P« cwt. itieese.-blow; -white. 84/ to 80/ per cwt coloured, 82/ to 84/ per cwt. aZI~? z V 1 . Meat —There is a little better vX fo,'° r Wethers and a better tone prechi l n S S eS r SISL. Pr , lce j? *•» >»"•■". are unflrm S ror „ Th «, market is I Wethers, light' sjaS"^ 6 """''■'ess doing, to sja per lb- «t?.. ?A per "•• heavy, 5d i B«J lb.; cowk2Si P Sa I '?** iS es * 2W to «a ■ *Ua to 2ja per ft"' Wto 8W » er "»•. lores.

BANKS— Sellers. Buyers. Commercial — •• 3 12 0 Commercial (pref.I... 0 15 0 .. — National 510 0 .. — New South Wales... 30 5 0 .. — N.S. Wales (new) 30 0/0 .. — New Zealand 2 15 0 .. 2 15/3 Union of Australia.. 13(10 .. 12.13/0 P. and 0 — .. 13/5/0 INSURANCE— National 3/7/0 .. — New Zealand (ex dir.) 17.0 .. 1/7/1) South British 1/10/0 .. — Standard 112/0 .. lll'O FINANCIAL— National Mortgage... — .. 3/6'd N.Z. and River Plate — .. 10/0 Loan and Mercantile 7S/0/0 .. 73 HO Loau and Merc, (pref.) — .. 83/0/0 COAL— Hikurangl ipref.i IT" .. WO Taupiri 17 ii .. 17/0 Waipa lfl/0 . • 15 2 Westport — .. 110 3 GAS— Auckland ip.u., 1 "2 0 .. 1*2*0 Auckland (cont.i .... — -• 17/0 Gisborne — .. 10.0 8TIIPPING— Devonport Perry .... •• 1 3'(> 'Huddart Parker (ord.I 2 0 i*. .. 2*8,(1 Northern Steam (p.u.) 13 0 .. 12,0 Northern Steam (com.) 0 0 .. 3/7 P. nnd O. Deferred... - .. 200 u/O Union Steam ipref.i.. 10/9 .. lu/0 Howard. Smith — .. 25 0 TIMREB— L.O'B — .. 1/13/6 National 1/0/O .. 10/0 Parker. Lamb 140 .. 1/3.11 WOOLLEN— Kaiapoi (10 ) — .. 13 3 Kaiapoi ipref.) 3/3/C .. — MISCELLANEOUS— A. J. Entrieau. Ltd... 1/2'0 .. inn Auckland Trams IS 7\ .. 17 no Auckland Trams iprefi IS 3 . . 17 0 Hvi-roft. Ltd 1S/0 .. 17/6 Colonial Sugar lAiuU - ..3.1/10.(1 Dental Supplies 1/4/6 .. — CL-er and Menzles (ord.) — .. 7/6 Hill and Plummer... — .. 30 0 Theatre Arcade (pref) 1.0/3 .. 10 0 Merediths, Ltd in.'G .. — Milne. Choyce (ord.) — .. V2/3 Millie. Choyce (deb.). 1-3/0 .. 1/2/6 Kempthorne. Prosser 2/13/9 .. — Newton King (pref.). 17/6 .. — N.Z. Express 16/6 .. — N.Z. Home Builders — .. 6/0 N.Z. Refrigerating... 1/5/0 .. — N.Z. Refrig. (cont.i.. 12/S .. 12/2 N.A. Farmers (B pref.) 15/0 .. — Northern Boot — .. 18/0 Parenga Oil S/0 .. 4/0 Phillipps and Impey. — .. 1/1/0 Sharland and Co. ... 1/3/0 .. — Maxwell and Co 1/6,0 .. 19/0 Takapuna Trams ... — .. 12/0 Thames Theatre ' — .. 10/0 Tonsou. Garlic': 12/0 .. — Union Oil 1/0/0 .. 1/S/0 Union Oil (Rights)... 12/3 .. 11/3 Wiseman and Sons.. 14/0 .. — Wiseman and Sons (pref) 17/6 .. — Wilsons Cement 18/10 .. 18,0 Gear Meat 1/10/0 .. 1/10/0 Campbell Paint 9/6 .. 7/6 ZIINING STOCKS— Hauraki Mines 4/0 .. — Hauraki Mines *eont.) 0/6 .. — Ohinemurl Mines 3/0 .. — Waihi 1/8/0 .. 1/8/3 Waihi Grand Junction 0/0 .. 8/0 Muir's Reefs 1/11/0 ... — Mount Lyell — .. 18/3 DEBENTURES AND BONDS— Auckland Gas. 0i p.e. — ..100/10/0 Ak. Harb. Board, 0 p.e. ' — ..100,10,-0 City Auckland, 51 p.e. — .. 02/n/O N.Z. War, 1030, 4j p.e. 90/0/0 . . !I5 fl 0 N.Z. War. lf)3S. 41 p.e. — .. B5/10 0 N.Z. War. 1930. 44 p.e. — . . 03/10/0 N.Z. War. 1041, 4* p.e. — ..04/1.1/0 N.Z. War. 1927, 5 p.e. — .. '15,5/0 Soldiers* Loan. 1933,3* 99/10/0 ., 98/15/0 N.Z. Ins., 1927, 5 p.e. 07-0/0 .. II.V.V0 N.Z. Ins., 193S, 4J p.e. — .. 95 10/0 N.Z. Ins.. 1930, 4* p.e. — .. 05 10 0 Soldiers'Loan, Ins., 3* •9.T./0 .. 00 0 0 Macky, Logan " — ..100/0/0 Hawke's Bay Farmers — .. 95/0/0

Aug. 14 New York 4doI 46<)c .Montreal 4doI 40Jc Paris oofr 15c Rome 97ilire Berlin 3700m Stockholm 17kr Christlania.... 23kr 77ore Copenhagen... 20kr 72ore <'alciitta 1/3 1-10 Hongkong -_7T Yokohama 2/1J Aug. 10 Par. 4.45* 4.800 4.47 4.806 56.05 23.225 93} 25/.SK 39C5 20.4.3 16.03 IS. 159 25.S3 18.159 20.G7 18.159 1/311-16 2/ 2/1 J 2.0 J