TRADE AND FINANCE.

Auckland Star, Volume LIII, Issue 296, 14 December 1922, Page 6

TRADE AND FINANCE.

AUCKLAND SHAREMARKET. BUSINESS DONE. AT TIIK "1.15 P.M. TALL YESTERDAY— Sontli Rritish Insurance Ul'ls/61 Milne and Choyce 10rd.)...* £1/4/6 New Zealand Insurance £1 SO Walhi Oranri Junction in rt Soldiers' Loan. Inscrlhed £9P IT. fl N.Z. War Loan, 1927. Ins.. v p.c... £96/ 3, 0 AT THE 10 A.M. CALL TO-DAY— Back of New Zealand £2'IS n Walhl Grand Junction 10 5, 10-1 AT THE NOON CALL TO-DAY Union Bank (£l3 8 Oi Abraham. Wlllinms (pref.i i£4'."i'H' Walhl fll.lii N.Z. War Loan. 1027 £«'! 1 Glsborne Sheep Farmers t"!W,-ICI 0 BANKS— Sellers. Buyers. Commercial 1 1.1 9 .. 1 12/0 Commercial (pref.i .. - .. 6/10/0 National 6/116 .. New -South Wales 33/10 0 .. ""5 2 6 New Zealand — .. 2/18/0 P. and O — .. 13/15/0 TTnion of Australia... 13,11/0 .. 13/6/0 INsrRANCE— National 3/13 0 .. 311 '0 New Zealnnd 1/8 '!• .. 1S 0 South British — .. 1,-15.6 Standard — ... 1/12/0 FINANCIAL— Goldsbrough Mort 23/0 .. 2/1/9 N.Z. and River Plate I' 2/0 .. 10/6 Lonn and Mercantile. ROO-'O .. 73/0/0 COAL— Hikurangi (ord.) 10 0 „ 12/6 Hlkurnngi (pref.) . — .. 13/3 Taupiri 18/6 .. 17-S Taupiri (pref.) — .. 12/6 Waipa 17/3 .. 16/0 Westport — .. 1 13/6 GASAuckland (old) 1/4,11 .. I'4/B Auckland (new) — .. 1/3/9 SHIPPING— Devonport Ferry — .. 1 '4/6 Hnddart Parker ford.) 2/T3/0 .. 2/12/0 Northern Steam (p.u.i 139 .. 13/3 Northern Steam (cont.) 6/6 .. 6/0 T. am" O. Deferred.. 335/0/0 .. 320/0/0 Cnlon Steam (pref.). — .. 19/9 TIMBERBnrtholomew 1/0/0 .. 16/0 Kauri Timber — .. 3/6/6 L-O'B — „ 1/17/0 WOOLLENKalapol (ord.) — 1/3/6 Kalapol (10,/) 12/9 .. 12,0 MISCELLANEOUS— Abraham. Williams.. — 3/5/0 Abraham, Wll. (pref.) — „ 4/0/0 Auckland Trams I'l/3 .. 1/1/0 Anckland Trams (pref.) 10/3 _ 18/9 Byeroft. Ltd — ~ 18/9 Colonial Sugar ('Fiji) — „ 10/0/0 Farmers' Auc 3/18/0 .. — Farmers' Auc. A (pref.) — „ 17/6 Farmers' Anc. (B (pref.) — _. 15/6 Gear Meat, Ltd — „ 1/166 Grey and Menzies (ord) 10/6 .. 7/6 Hill and Plummer... — .. 1/0/0 Merediths, Ltd .. 11/6 .. * 6/0 Milne, Choree (pref.i — .. 1/3/6 MUne, Choyce (ord.). — .. 1/3/6 Milne, Choyce (deb.) 1/4,0 .. 1/3/6 National Pictures 16/6 .. 14/9 Newton King, Ltd... 17/9 .. 15/3 N.Z. Express 16/6 .. — N.Z. Refrig. (cont.).. • 14/3 .. 13/S N_A. Farmers S/0 .. — N.A Farmers (B pref.) — .. 6/6 Northern Boot — .. 1/1/0 Parenga OH 8/6 .. — Parenga Oil (cont).. 4/0 .. — Phllllpps and Impey.. — .. 1/5/0 Sharland and Co. ... — ... 1/1/0 Takapuna Trams .... — ~ 15/0 Thames Theatre .... — .. 15/6 Tonßon Garllck — ... 10/0 Union OU — _ 1/8/6 Wiseman and Sons.. 14/0 .. — Wilsons Cement 1/1/9 .. 1/1/3 MUk Products — .. 1/1/0 "MINING STOCKS— Monnntalari -. 3/3 .. 2/9 •Walhl 1/13/9 ... 1/13/3 Walhl Grand Junction 10/4 „ 10/3 DEBENTURES AND BONDS— Ak. Har. Board. 6 p.c. 105/5/0 .. — City Auck., 1940. 5J p.c. — .. 94/10/0 N.Z. War, 1930, 4J p.c. — .. 96/0/0 N.Z. War, 1938, 44 p.c. 96/15/0 .. 96/5/0 N.Z. War, 1939. 4J p.c. — .. 96/0/0 N.Z. War, 1927, 5 p.c. — .. 96/0/0 N.Z. Ins., 1939, H p.c. — .. 96/5/0 SoL Loan, 1933. 5* p.c. 90/15/0 .. 99/10/0 Glsborne Bheep ...„ 100/0/0 .. — Macky Logan — .. 99/0/0 HQotn-Macdonald .... — .. 98/0/0 Mount Eden Loan... 106/O/0 .. — MARKET CHANGES. MUne and ChojM (ord.)—£l/4/8, up 1/. ioe/ r Lo * in » 182T - inacrlbed^Sales Glsborne Sheep Farmers—Sales £99/10/0, down 10/. Bank of New Zealand-Sales £2/18/0, np 1/ Walhl Grand Junction—Sales 10/4, down 2d. SOUTHERN EXCHANGES. (Bj llelegraph.—Press Association.) CHRIBTCHURCH, this day. Sales reported: Union Bank, £13/10/0 dfv ) °_\ /^ au S e - Goldsbrough Mort. (cum DDNEDIN, this day. Sales on 'Change: Dominion 'Rubber, 19/0: PO J t *r Coa £ ""/WO. Sales reported: Bank of New Zealand, £2/18/0. AMERICAN WOOL MARKETS. ANTIPODEAN OPENINGS. (From Our Own Correspondent:) SAN FRANCISCO, November 10. According to expert opinion In Boston, the seat of the American wool market there is an excellent opportunity for the ready sale of line Australian and New Zealand wools as there exists a marked demand for this superior class of wool In the American trade. Hi fact, the domestic supplies have run so low that there continues to be a fair movement of foreign wools In bono For Australian merinos choice 70's are flrni at 1 dol. 15 cents, clean and some lots have been held at 1 dol. 20 cents. Good 64's to 70's similarly are Arm at 1 dol. 10 cents to 1 dol. 15 cents, nnd it is said In Boston that 1 dol. 12$ cents has been refused for, what is described ns a "sizeable lot of this grade." For 64's the ruling quotation has been 1 dol. o cents. Other sales in bond have Included Monte Video G6's at 40 to 42 cents in the grease, and New Zealand 46's and 50's at 28 cents. Good 56's, Monte Video, New Zealand or Australian, are reported to be "much wanted," but it Is complained that these ■varieties of imported wool are becoming somewhat scarce and holders have been disposed to ask advanced prices for them owing to a depleted market and tbe continued requirements of Americans for the highest type of iwocJlen clothing, irrespective of the prices demanded by the retailers. One of the largest handlers at fleece wools on the American market, with experience extending over more than forty years, commenting on the United States ■wool trade, has stated that no condition resembling the present has existed in his memory. Stocks are about as low as they usually are In March. iHe -was convinced the wool trade was from four to five months ahead of tbe calendar in the handling of this year's clip of fleece wool. This explains why some iolders of such wools are observing a hesitating policy in respect to disposing of their stocks limited though taey are in volume. (While this is the general situation, some members of the Boston trade are beginning to hedge on the outlook for the finer "rades They point to the snppiy 0 f Australian merinos released by the operation of the new tariff bill, which are competing sharply with domestic staple and delaine wools. Opinion In New York is that further iprlce advances are expected in woollen eoods, but they have not yet shown the increases announced on worsted goods. This applies particularly to fabrics for uext spring. Re-orders for spring worsteds for men's wear are beginning to come into the American market, and the spring outlook appears to be decidedly better than at any time since the goods were first offered.