TRADE AND FINANCE.

Auckland Star, Volume LIII, Issue 247, 18 October 1922, Page 6

TRADE AND FINANCE.

AUCKLAND SHAREMARKET. BUSINESS DONE. AT THE 3.15 P.M. CALL YESTERDAY— N.Z. War Loan. 1933 £1)7/5,0 Rank of Australasia £12/17/0 flank of New Zealand. £2/'ll>/0 Waihi £1.9/9 AT THE 10 A.M. CALL TODAY— Bank of' New South Wales £35/2/8 N.Z. War Loan. 193S £1)7/5/0 AT THE NOON CALL TO-DAY — Auckland Gas fold) fl/3/fi Borough of Mt. Eden (£lO5/10/0)

MARKET CHANGES. Bank of New South Wales—Sales £35 2/6. down 2.6. , ■ . Fiank of Australasia—Buyers £12 17/, doyen Wilsons Cement—Sales £1. np 2d. e'ommerclal Bank—Buyers £U 13/9, up 6d. £100 New Zealand War Loan, . 1938—Sale £97 s'. down 2/6. Mount Eden Loan. 61 per cent—Sale £105 10/, up 10/. FOREIGN EXCHANGES. (Received 2.30 p.m.) LONDON. October 16.' The following rates on foreign exchanges arc current to-elay. as compared with the cabled quotations on October 12 and par:— Oct. 16. Oct. 12. Par. New York 4dol 43j|c 4.43 4.866 Montreal -idol 4."!e 4.421 4 866 •'aris 59fr 58c 58.63 25.225 Rome 106Iire 103J 25 225 Berlin 12.900 m 11,900 20.43 Stockholm .... 16kr56ore 16164 18.150 Christiania . . . 24kr 35orc -24.70 18.159 • "openhagen .. 22kr 27ore 21.80 18.159 Calcutta 1/3 11-16 l/3# 2/ Hongkong .... 2/6 2/6» — Yokohama .... 2/2 2/2 2/0J (A. anel N.Z. Cable.) . LONDON MARKETS REPORT. (Special to '-Star.'", WDLLINGTOX, this day. The Department of Agriculture has received the following cablegram, dated 14th ins-t.. from the (High Commissioner for New Zealanel. London- — Meat.—Trade continues slow, but prices are firm owing t- .ilght shipments. Mutton hasadvaneed. Chilled beef market has improved with colder .weather. • Xew Zealanel ' frozen beef continues qniet. New Zealand mutton .I4tn Octoberi: Lightweight, Sid to S*d: medium. 7id to 7Jd; heavyweight, 6id to 7Jd: ewes. 4*d to 5Jd. -New Zealand lamb: 'Best quality — Lightweight. l/<Hd to 3-ojd: medium, l OJd to 1W; weight, K>Sd to lid. Ordinary and sec.middase. quality—l/ 01. Chilled" beef: Fores 3k] to 3jd: binds, fid. Xew Zealand beef: Fores. 3Jd: binds, 4Jd. ■Butter. —(Market remains very quiet.' arid priee-s 'slightly easier. On-ly very small business Xew Zealand above 21S/'p«r cwt ellljd per Hi) early tWs week. Official quotations are:—.Xew Zealand: October. 216 to 230■' per c-wt- (1 11 .to 111* per .lb): 7th October. 218/ to 224-' per cwt :1 111 to 2 ' per lb): 30th (September. 216' to -J2O per cwt nn ito 1 Tljd per Ml). Uusalted—l4th October, 224 to 226' pere/Wt e2 to 2 Oi per lhl: 7th October. 224' to 226' per cwt |2' to 2'OJ per lh): 30th September. 228/ to 22S ' .per cwt. 2'OJ to 2 0* per l'b). Cheese.—.Market firm, anel demand continues -good. Official quotations are: New Zealanel: Coloured. 100 to 102' per cwt (lOjd to lid per lb); white. 100' to 10*26 per cwt (ie>Jd to lid per lb). Shipments e>f New Zealand produce arrived this week by s.s. Port Alhanv and s.s Mahana. Stocks New Zealanel cheese .at Surrey commercial dock on 13th October were 44 crates against 3795 <?rates last year. Hemp.—Manila market quiet and 'tendency easier, nt the close. ".I" grade October-December shipments again sold down to £31 per ton. Present quotations for "G" grade are .£33 10/ per ton. -H" £32 10/ per ton. "J" £30 10/ per ton (sellers). New Zealand unchanged. £32 10' per ton now a»ked for points, and £30 10' to £30 15/ per ton, fair October-December shipments and Novenrber-Januarv shipment*, but no transaction reported. Wool. —'Sales continue well attendeel with competition brisk and good clearance. (Flue and medium crossbred now quoted 10 per cent to 15 per cent above last closing rates; coarse crossbred, 5 per cent to 7* per centHoney.—Market quiet at about quotations already given, viz.:— Callfornian brand: •White. 58/ .per cwt: good light amber, 44' per cwt. New Zealand bulk with premium of 20' to 30 per cwt on similar grade Cadifornlan. Eggs: Best, slow; cheaper softs, steady detnand. French. Irish. Danish Dutch. English. 21 to 27■': Polish! Lithuanian, Italian. Argentine, Stvrian 16' te> 21/: Chinese. 12/ to 15.'. '

BANKS— Sellers. Buyera. Australasia •- .. 12/16/0 Commercial l'15/O .. l/13/l) National 6/3'0 .. 6/0/0 New South Wales 355/0 ..34/17/6 New Zealanel 2 16 1S .. 2 16/0 Union of Australia .. 13 7 0 .. 13'4/0 INSURANCE— National 3 8 0'.. 3/7/0 New Zealand 1'8/0 .. 1/7/0 South British 1/16.0 .. 1/:I5,"9 Standard -- .. l'll/O FINANCIAL— Dalgety and Co — .. 9-'10/0 i;.ilelshrough Mort ... 2/2/6 .. 2'1/0 N.Z. and River Plate — . . 19/6 Loan and Mercantile — .. 73/0/0 Leian and Merc, ipref.) - .. 60/0/0 COAL— (Hlkurangl (ord.i 12/0 .. — Htkurangi (pref.) .... — .. 11/9 Taupiri 17/3 .. 17/0 Taupiri (pref.) — .. 1/8/0 Walpa - 16/8 Westport 1 13.0 .. 1/12/0 GAS— Auckland (old) 1 '«,'» .. 1/3/3 Auckland (newl 19 0 .. 18/3 Gisborne -- 11/6 SHIPPING— Huddart Parker lord.) 2 1:10 .. 2/11/0 Northern Steam (p.u.) 13 'fi .♦.. 13/8 Northern Steam (cont.) 6/6 .. 6/0 P. and O. Deferred.. - .. 300/0/0 Union Steam ipref.).. 100 .. 19/0 TIMBF.RKauri Timber -- .. 1/7/6 UO'B — .. 115/3 Parker, Lamb 1 4'6 .. 1,3/9 WOOLLENKalapoi lord.) - .. 1/2/0 Kaiapoi (TO ) .. 11/0 MISCELLANEOUS— Abraham. Williams .. — .. 3/15/0 Auckland Trams 19 6 .. 18/8 Auckland Trams ipref.) 19*0 .. — - 'Burns. Phllp and Co. 1/12-0 .. 1/11/0 Bycroft. Ltd 1'0/0 .. 18/0 Colonial Sugar (Aus.) — .. 35/0/0 i oloninl Sugar (Fijii. . — .. 10/0/0 Dental Supplies 1/8/0 .. — Farmers" Auctioneering 4/0/0 .. — Farmers' Auc. A (pref.) 19 0 .. 17/0 Farmers' Auc. B (pref.) lfl/D . . 15/0 Hear Meat. Ltd 1 17-0 . .. — Orey and Menzies (ord.) — ... 7/0 dlill and Plummer... - 1/0/0 Theatre Arcade (pref.) 19, fi ' — Merediths. Ltd 9'6 .. 5/6 Milne, Choyce (deb.) 1 \t/t> .. 1/2/6 N.Z. Home Builders. . 10 6 .. 9/0 N.Z. Paper Mills — .. 1/1/0 N.Z. Refrige-ratlng .. 1/6/0... IIS/;; N.Z. Refrig. .r:ont.) .. 14/0 .. 13/6 N.A. Farmers S/0 .. — Northern Root ...... — .. 19/9 I'arenga Oil 10.0 .. 7/6 Parenga Oil loout.l .. 5/0 .. 2/6 Phlllipps and Impey — .. 1/4/3 Shiirland and Co — .. 1/0/0 Maxwell and Co 1 ,''6/0 .. — Takapuna Trams .... — .. 11/9 Thames Theatre 16/0 .. 14/0 Union Oil — .. 1 /5/0 Wiseman and Sons .. 14/0 .. — ■ Wilsons Cement .... 1/0/1 .. 1/0/0 Milk Products 1/3/0 .. 1/1/6 MINING STOCKS— I Moanataiarl 3/10 .. 3fO' I Mulr's Reefs 1/10/6 .. 1/9/6 i 'Waihi l'10/O .. 1/9/0 1 Waihi Grand Junction 9'2 .. 8/9 Mount Lyell 1/2/.5 .. — I DEREXTniKS AND BONDSAuck. Gas, 1028. 6} p.c. — .. 102/0/0 Ak Harh. Roard. fi p.c. — .. 101/O.u city of Auek.. 1940. 51 — .. 92-10/0 Devonport Borough 100 15/0 ".. — N.Z. War, 1938, 4i p.c. 97/10/0 .. 97/0/0 N.Z. War. 1930. 4} p.c. 97/tO 0 .. — N.Z. War. 1927. 3 p.c. - .. 96/0/0 Soldiers' Loan. 1033, Si 99/12/6 .. 09/7/8 N.Z. Ins., 1927. 3 p.c. — .. 98/0/0, N.Z. Ins.. 193S. 4j p.c. 97/15/0 .. .97/0/0 Soldiers' Loan. 1033,5* 99/10/0 . . 99/7/6 Gisb. Sheep Farmers 102/0/0 .. — Macky. Logan 101,0/0 .. 99/0/0 Milne and Choyce .. 100/0'0 .. 95/0/0 Bycrerfts, Ltd 100/0/0 .. — Borough of Mt. Eden 107 0/0 .. 104/0/0 Farmers' Union 100/0/0 .. 90/0/O