TRADE AND FINANCE.

Auckland Star, Volume LIV, Issue 72, 24 March 1923, Page 8

TRADE AND FINANCE.

AUCKLAND SHAREMARKET.. nt'.'IXKSS DONE. AT THE 3.13 I.M. CALL YESTERDAY--Xntmnnl Tank '•■''• s , "' Uui..n liatik ".I .-.I AiH-klni.il ii:i« inlUi : : Wilsons iVini-nt "•' '•' N.Z. War Loan. U>:W ••■•f•'• N ■/.. War I-r.in. r.::'.' .•■•'•"' •'. L N/. War Loan. r.cs. Im r>i...,l ... . fiisborno Slipcp Fanner- -.1"' '" T THK 1" A.M. CALL TO PAY - Wilson* Cn-.cut ; l t ;: Waihl '

THE WEEK REVIEWED.

SALES OF WAR L-OAXR. During the earlier part of the period under review business was dull on 'Change but during the last couole of days sales ■were transacted In New Zealand war loans. In some cases this Was due to sellers being willing to ease prices « little. The lnss loan of 4A per rent free or income tax sold yesterday afternoon at £!>7 for both Issues. snd £9G IT>/ was nocppted for 1030 loan. Soldiers loan were offered at £101. nnd for the inscribed issue itoo 10/ would be accepted. Oisborne Sheep-farmers - debentures were transferred at £100 10/. Stayers came In again thin week for CnlonialfSu'gar. Australian issue, at £41, and an advance of 10/ upon that figure was offered at the third call yesterday. Loan and Mercantile Agency are wanted at £S5 for ordinary, nnd £74 fer preference stock, an advance of 20/ in the latter case. Wellington • Woollen, both issues, are ;n regular demand at £8 17/, but no sales were recorded at that figure. Gear Meat, Ltd.. have advanced a couple of shillings during the last fortnight, being now wanteil at 40,/, but no seller has quoted. Bank of Australasia are In request at £12 l(i/ ex div., and Bank of New South Wales could be placed at £37 5/. Transactions took place in National Bank shares at £G 8/ and £(i s./O, also in Bank of New Zealand at 07/3 and r>7,/. Union Bank of Australia firmed In price this week. being sold yesterday up ro «4 2/6, and tber,; was a buyer left at 2/0 under that figure. Several transactions took place this week in Auckland Gas ole Issue at 2G/ and 25/0. Home Builders' shares are being quietly picked up. sales being made this week at 14/10 and 14/y. There has been a steady demand -with frequent sales for Wilsons Cement at 24/3. Insurance shares bad more attention during the week Nationals selling at 7.V. New Zealande at 2S/6 and 28/3, and South British at 37/ R. Buyers of Standard Insurance shares advanced their offers to 34/(1. but no business followed. Huddart Parker steam again changed hands at GO/C, and are still wanted at the even money. Parker Lamb Timber are a little firmer, buyers now offering up to 24/3, but holders<-an> zc/. Kempthorne Prosser Dfug could now be placed at SS/G but no selling price is quoted. Steady inquiry continues for Northern Boot and Shoe shares at 22/, but that figure has not been accepted. Mining shares are still neglected The best offer for Moanatniari's was V •with holders willing to sell at twononc" v"!'l er 4, h ft at h fl ? u " ! ' Walhi sh " a™ offered at -8/6 but buyers stopped at a shilling under that figure, while Grand Jnnc;«bn could now be got for 8/3. W.AIHI SHARES. LONDON. March 21. ■>c W n alhl ,, sharcs arc nuoted at 28/6 buyers 2S/0 sellers.—(A. and N.Z. Cable.) LONDON" TALLOW MARKET. LOXDOX, March 21. At the tallow sales. 1f)42 casks were offered and 41! i sold, mostly at (id to !'d decline. The following prices were realised :—Mutton, line 44/n. medium 3!>'!); beef, fine 44/, medium 33/3.— (A. and X Z (.'able.) ' ' I'IXEAPPLE INDUSTRY. The wonderful development of Ibe pinegrowing aud canning industry at Ilawiii since 1003 proves conclusively" what might he accomplished in South Sea Island* under British protectorate, provided capital was forthcoming fur that purpose. In the ve'ir 1P0. , ! the export of canned pineapples fr.im ITawaii was (10(10 case*. This total was raised to 1,807.0(10 cjiklvs ten years later and last year the figure reached tb" enormous dimensions of (I.iuhi.oiio ,-asos. Forty six thousand acres nre now under pine apples in Hawaii, anil no !o*s than thirteen cifcneries are at work. As pineapples can be grown in other islands <if the i'ncific a movement is on foot to raise capital to form a company to develop the industry in the Fiji group. Like Hawaii. Fiji has" the advantage of producing sugar, quantities of which article would be required for canning purposes. It is of interest to note that approximately 20.000 people at the j present time carp , their living at Hawaii In I connection with the pineapple Industry I The Fiji venture will also include cattleraising, meat canning, and the erection of freezing works. A Government lease of 100,000 acres is the area proposed to be taken over If the company is successfully floated. x

BANKS— . *c:Wr*. "^IT , ,-, v^. - ...... 1 IT 0 V. I i:,<! National ° 1 " " ,,~- ,, New Smith Wμ;.-.... "■- ■■ " •• ;;' '. Now Zralnml - '' ■ ■• ;,'„ , rninn of Am-tlMlln... 14 - " •• " ° ' INSi'RANi'i: — " u r, National / •• ", s .. Smitli Bri;i-h II , -"! •• ~ FINANCIAL - . 7 .. T<oan and Mor-nnllie "" » n ■■ .- „ tonn mid Mer-. ipref.i COAL- 13 ■„ Tnnpiri •■ ,'!,;; Tanpiri (pref.i " •• y ... TVpstport 1 li n . . I I i ' TV'pstport Stork, (prr-n — •- S4 G f w u™,\ (old! i >•••• ■■ «:■■» Anrklami (new) 1 " " ■ ' •• li Birkoiilioml l> n • • — RnirnNT,- .. Pnvnnpnrt Ferry ... - •• i ■•/•' Ttnrl.. I'nrknr forrti nx dU - ■■ 11 " N'nrthern ip.u.) _ •• •; * " Knrthern Steam '■■••nt.i ■ ■■ .. <• '' rninn Steam ij-ref.).. -■ •• " '•' TIMBER- .... 1 °' r > ■• '"/0 Knurl Timber 1 «" •• — I..O-P I'lRf! ■■ I , . r:irker. I.anil> - ■• ' 4 ." TTfMILLKN"— Kn'BPoi fr.rti.1 3 -■ n •■ — Kiiinnni (in I HI ■ ■ Wpllineton "'- 0 .. M_ ■« Wcllincton (prpf.) ... — •■ ■V''/" MlSCELLAXEOfS— A. J. KntrVan. U.I.. 1/2/6 .. UV n AnrkUn>l Trams .... — •■ 1 '^ Ancklnnd Trams iprffl — • ■ JJ " I Cnlnninl Pnrar lAr.s.i .. 41 10/0 Furriers- Anc — •• 2'13 » - .. Farmers , Aw-. A (prof.1 1S n .. 1« r. ' CoiiT Meft. I.t'l — •■ - " ,; Hill nnd rinmmer ... — •• 1/1/0 .■ Thentre ArenJe (|>ref.> 1/<Vi"> .. ji Tvemptlinrne. Prnsser I! 2 « .. 2 1S <\ ■- MerfHllths. T,til inn .. VI fi N.ilinnnl PlPtlir".' ... -- .. 1" R Newton Kins (pn-f.i. - - •• JT «• ■ , N.Z. Kxnret." i' ; '! .. 14 3 y.7.. TTome Rnllilern.. I'.'O .. — C' N-Z. RefrlR. O'nnt.) .. 11'M .. I- j ~r N.A. Fnrniprs H 0 .. — vt' N.A. Fnrmers (A prof.> — .. TO. ' X.A. FnrmTS |B iT,-f» -- .. " 1 I * ' Xnrfhern Bont - - .. 1'- '3 ' ' ' Tiilllinim n"'i Finpey. — .. I S'f I !"■' TTknpiin.t Tr>m» — .. i-'O I Thames Thpntrp — .. IB"' I Tnn?nn fiarlirk — .. 13 fll • Oil 1 1" « .. 1 n n Wilsons rpp.rnt l i': .. i '4 o i '.. ' Aseorifitml Oil (cnnt I ° ■'! .. — ;• N.Z. Milk rrorluets.. 1/7/r. .. — ■ lIIXINfi STOCKS— Komatfl Reefs 0':: .. — Mnanatalarl :f .". .. :i.2 ■. Miiir's Reef 110 n .. — (. Wnlhl 3 « r, .. 1 /S/3 ; ' TVnibi Or.inrt Junetion S") .. — New Wniotnlii (> s .. — DEBENTUnF* ANT) BONDS--Auck. Oae. 1BR2, S p.c. (M/O/o .. — Auckland TT.B.. fi p.p. mr, r> n .. _ Aiioklnnd H.B.. 41 p e. Bfi/0/0 — New Plymouth Gns.. — .. in.vivn X.Z. War, 10S0.4J p.c. — .. rG'1-"/" N.Z. War. H p.c. -- .. nr. 17/r '■ X.Z. War. 1027. r. p.p. - ..07'10 0 Pnl. T>ian. 10S3. -ii-p.c. 101.0 0 .. — N.Z. Ins., 3027. r> p.p. — .. f>7'1O,'n *" '7ns.. 1O."!S. 4J p.p. — .. "Tfl'O X.Z. Tns.. inrsn. 41 p.p. . -■ .. O7.'0/0 8ol. T.onn. IBW, 5i 1™ ~ir n . . _ .. Pol. Loan. 5t p.p. " PT/IOfl .. — '.' Marky. locnn... in4/(Vn .. in2/n/n ;• Gisborne Sheep 101/0/0 .. 100/0'0