TRADE AND FINANCE.

Auckland Star, Volume LIII, Issue 273, 17 November 1922, Page 6

TRADE AND FINANCE.

■ AUCKLAND SHAREMARKET. BUSINESS DONE. AT 3.15 r.M. CALL YESTERDAY — N.Z. Inscribed Stock, 1939 £96 Ti 0 Soldiers Liinu £100 Moanataiarl — 2/10 AT THE NOON CALL TO-DAT— Now Zealand Insurance (£l/7, fi) Kanri Timber Co (£l/8/3) Wilsons 'L'emeut £1/1/6 BANKS— Sellers. Buyers. Commercial 1.1-1,0 .. 1/13/0 National - .. 6/2,0 New South Wales.... — .. 35/0/6 New Zealand 2/17/0 .. 2/10 0 r. nnd O — .. 13/10/0 Union of Australia... — ..13/10/0 INSURANCE — National 3/8/6 .. 3/7/0 New Zealand 1/7 S .. 1,7/4 South British 1/l.vli .. 1/14 0 Standard — .. 1/11/0 FINANCIAL— N.Z. nnd River Tlate — .. 19/0 Loan and Mercantile. — .. 75/0/0 Loan and Merc, (pref.) — .. 71/0/0 COAL— Hlkurangl (ord.l — .. 13/0 Taupirl 17/6 .. 17/3 Taupiri (pret.) — •• 1/2/01 Waipa — •• W* Westport — •• 1/13/6 S Auckland (old) 1/4/6 .. 1/4/0 Auckland (now) — -. 19/3 SHIPPING— Devonport Ferry 1/5/6 . • l/J/J Hudilart, Parker (ord.) 2/12/0 .. -/H-/3 Northern Steam u>.u.) 14/0 .. 13/3 Northern Steam (cont.) 6,8 .. 6/0 TIMBER— Bartholomew — •• 14/0 Kauri Timber 1/8/6 .. — L.OB — -• J/li/8 Parker, Lamb 1/3/0 .. 1/3/6 MISCELLANEOUS— Abraham, Wli. tpref) - .. 4/0/0 Auckland Trams 19/0 .. 18/3 Auckland Trams (pref.) IS/0 .. 18/0 Bvcroft, Ltd ~ 1/0/0 --„ 4/ JB/3 Colonial Sugar (Aus.) 35/0/0 .. 34/10/0 •Colonial Sugar (Fiji) — .. 9/18/0 Farmers' Auc 3/18/0 .. -7 Farmers' Auc. A (pref.) — -- 17/6 Farmers' Auc. B (pref.) — • • _ 15/J Gear Meat, Ltd 1/17 0 .. 1/14/0 Grey and Meuzies lord.) 11/0 .. 7/0 Hill and I'lumiuer... — -• l»/» Theatre Arcade (pref.) 19/3 -- - — Merediths, Ltd - •• 6/0 Milne, Cboyce (ord.) — .. 1/2/6 Milne, Cboyce (deb.). 1/3/0 .. 1/2/0 Newton King, Ltd... 17/0 .. 12/6 N.Z. Express 16/9 -• — N.Z. Home Builders — .. 10/6 N. 7.. Refrlg. (cont.).. — -- 14/4 N.A. Farmers 8/0 •• — N.A. Farmers (B pref.) — .- 0/" Northern Boot — -- 1/0/0 l'areuga Oil 8/6 •■ «/6 Parenga Oil (cont.)... 4/0 .. 3/0 Phillipps aud Impey.. — •• 4 /* Sharland and Co — . • 1/1/0 Tukapuna Trains — - • 14/° Thnines Theatre .... — •• J*/° Union OU — •• V 6/6 -Wiseman and Sons.. 14/0 .. — Wilsons Cement 1/1/3 • • Wl Milk Products 1/2/6 .. — MINING STOCKS— Moanatalurl 3/0 .. 2/7 Waihi 1/11/0 .- 1/10/0 Waihi Grand Junction 10/3 .. 10/0 DEBENTURES AND BONDS— Auck. Gas., 1928, Oi p.c. — ..102/10/0 Ak. Harb. Board, oi p.c. — .. 84/0/0 ' Ak. Harb. Board, 6 p.c. • — .. 103/0/0 City Auckland, ISI4CI. 3i — - - 04/0/tl N.Z. War, 1938, 4* p.e. 96/15/0 .. 96/2/6 N.Z. War, 1939, H p.c. — .. 86/0/ C N.Z. War, 1927, 0 p.c. — .. 96/5/1) Sol. Loan, 1933, o* p.c. — .. 98/15/ C N.Z. Ins., 1927, 5 p.c. — .. 96/5/ C N.Z. Ins., 1929, 5 p.c. — .. 85/5/ I N.Z. Ins., 1938, H p.c. 96/15/0 .. 96/12/1 N.Z. Ins., 1939, 44 p.c. — . - 06/0/1 Sol. Loan. 1033, D* p.c. 100/0/0 .. 90/12/f Gi-shorne Sheep — -. 90/10/1 Macky, Logan — .. 99/0/( Mount Eden Borough 107/0/0 .. 105/0/1 MARKET CHANGES. Bank of New South Wales—Buyers £33 up 5/. TJnlon Bank —Buyers £13/10/0. lip 2/. N.Z. I.oan and Mercantile (ord)—Buyers £73 up £1. Auckland Gas (cont.)—lo/3. up 3d. Union Oil—Buyers £1 /(5/6. up Od. Kauri Timber Co.—Sale £1/8/3, down 6d. SOUTHERN EXCHANGES. (By Telegraph.—Press Association.) WELLINGTON, this day. Sales on 'Change: Wellington Trust am Loan, £."i/10/0 (il); Huddart, Parker (pref.) 19/9 (R.). IMI'NI.-YG NEWS. iMOANATAIARI. The manager telegraiphed to-day:-"fi-tarted drill, bored out. ifi'red out. every fMn-g satisT-actory." This refers to th drive "in the-'hard country towards where i Is noped to cut -the Caledonia reef. tS-cnn delay occurred iv starting the drill, as I was found, necessary to-bring-in fresh wate to use with it, that in the drive being to highly impregnated with minerals. Th drill should do nt least 10 feet .per week. MELBOUBXE HIEHES MARKET. MELBOURNE. November 16. At the hides sales bidding was restrietec Stouts and liearies were lirni. Mediums an lights declined a farthing, and kips a hai; penny.—('A. und N.Z. Cable.) AUSTRALIAN PRODUCE. SYDNEY, November 16. Oats.—Algerian, feeding, 4/6: giant New Zealand? Cartons, 4/6 to 4'S. Maize.—Yellow, 6/; white, 5/8; Sout African, fi/. Potatoes after a quick jump to !£2O, fe to £18 4/, both Ta-smanian and local. Onions.—Spanish. £lo; silver skins, £1 10/.—(A. and N.Z. Cable.) ADELAIDE, Novetaber 16. Oats.—3/ to 3/2.—(A. «nd N.Z. Cable.) LONDON MARKETS. Messrs. Dalgety and Co.. Ltd., atlvii having received the following cable fro their head office, London, under date tl 15th Instant:— Talloiv. —1230 casks offered and 430 sol Market unchanged to 6d lower. FERTILISERS MARKET. AUCKLAND. Following are the net retail prices fi fertilisers, ex store, Auckland, cash wl order, extra charge made for booking:— Price p Description. Analysis. Ton. Nitrate of soda — £23 . Sulph. ammonia.... — £21 10 Superphosphate 36-38 p.c. £5i 15 Bone meal (Calcutta) — £13 lv Bone meal (Sydney). — £13 Basic slag 17-20 p.c. £6 10 Potash sulphate 90-92 p.c. £1S Kalnit 14 p.c. £3 10 Navau-Ocean Islands phosp. (flue ground) — £5 1(1 A DOMINION INSURANCE COMPAN The prospectus of the Mercantile ai General Insurance Co.. Limited, of Nc Zealand, Is issued. This company has be registered in Wellington, with an authoris capital of £1.250,000, divided In 1,250,0 shares of £1 each. /Ypplications are nc invited from the public for 200,000 s'uari 2/ being payable on application, 2/ on alii ment, and the balance in calls of not mo than 2/. The promoters claim that there ample room for anothif insurance compa In this Dominion. In ISI2O the total pi mluins received In New Zealand In respi of lire and accident business aggregat approximately £1.485,000, the total clali amounting to roughly £502,000, and there ample room for a live and well-conduct company. There are four large New Zi land owned and managed insurance co panles now operating in the Dominion a recent balance-sheets show that each of tb< companies has done exceedingly wi The dividends paid on the average amount to 12} per cent. Applications may lodged at any branch of the National Ba of New Zealand, and other agencies In eated by advertisement.