TRADE ANB FINANCE.

Auckland Star, Volume LIV, Issue 110, 10 May 1923, Page 6

TRADE ANB FINANCE.

AUCKLAND SHAREMARKET, BUSINESS DONE. AT I&E 5.15 P.M. CALL TBBTBRDAT— Union Bank „..„..fl4/11/O Bank of New Zealand ~„ «/0/o Weetport-Stoekton Coal ..„..„....6/0 Dental Medical Supplie» £1/3/0 iT THE 10 A.M. CALL TO-DAY— Dental, Medical SuppUea.£l/2/3. Bank ot New Zealand *3/0/0 AT THE NOON CAli. TO-DAT— Bank of New Zealand..(f3/0/0),*3/0/0 U.Z. In»m»nce C£l/»/T> Kempthorne. Proeser Drug £3/8/0 Birkenhead Gas .17/0 Wailil Greni Junction.....«( 7/4), 1/\

-MARKET CHANGES. ! Devonport Ferry—Buyers a/9/3, np Bd. Colonial Sugar—Buyers £45/10/0, up 15/0. Union Oil—Buyers £1/10/9, up 3a vo er "' I,oall, lnß '~ Bn y era =001/15/0. up Mount Eden Loan—Buyers £103/10/0, up , I" NORTHERS CINNABAR. ■' (By Telegraph.—Own Correspondent.) WHANOAREI, Wednesday. At the AVhangarcl Warden's Court to-day, presided over by. Mr. F. H. levlen, S.M., the New Zealand Quicksilver Mines, Ltd. (Mr...W. A. Carruth), asked for a -. reduction -of rental for three sections at Pubipuhi. Counsel stated that one of the directors had recently gone to England in connection with the sale or reformation of the company. He cabled option had also been granted. Meantime the company had expended its funds. Though it was not ■winning mercury at present. It whr necessary to keep -a caretaker at the mine. The option,-said Mr. W. T. Simmons, one of the directors, was for clx months with a right of renewal upon payment of £500. .-i ■. The Warden stated that he would consider the matter, but Indicated that any concession -In rental granted would be shortdated, as there was a likelihood of a biz company being floated to work cinnabar in the near future. " "•"*""*• .' THE COTTON MARKET. "The price of raw cotton," report Messrs. JMailler and Quereau, of New York, "has kept steadily advancing until It has risen to over 31 cents per pound, the highest that we have had since war time. This is an advance of almost 100 per «ent within a ■ year, and there has been a very wide and : aetlye speculation for all of the crop. Specu- : - latora and dealers are now trying to form come Idea as to the outlook for this year's '■rop, but it is a mere matter of speculation j and -will be for some months to come. A • large crop of cotton this year would be of Terr great benefit the world over. Cotton goods are, of course, affected *j the high price of raw cotton, and manufacturer)! are very slow and cautious In making sales and <Jo not want to take orders unless at very considerable advances. Labour troubles are threatened in the manufacturing dlstrfcta . ana it Is most probable that a large number of mills will be closed by strikes. High "wages are being paid but the labour element does not seem to realise when it ie : doing well." "Export" also has an erticle stating that the consumption of raw cotton more closely •jproxHnates the pre-war figures than that 2L££ ot }£? ereat ,t,ple - The W <*M consumption this year is estimated at 20,000,000 bales, and it is calculated that the produclon , wU JL not t* o ** ie,000,000. Approxi™teljjo per cent of the world's cotton '■IrXSS ♦*■ * he borders ot "he ■ mi'? 4 '"- » The artlcle ends: "The world wUI have to grow more cotton, or the ; r&I t^ l nS?s r 8 C e e s.S rICM fat berOnd the

1BANKS— Sellers. Bayers. Australasia 13/15/0 ., 13/9/0 Commercial — •■ VIS/D Commercial (pref.) .. 7/0A> •• .-r__ Natlonal ,— «AV0 ., e/12/0 New Sooth Walee .. — •- KV^/g New Zealand 8/0/0 _ 2 /19/» P and O Banking .. — ■• H/0/0 Union of Auetralla- 14/13/0 .. 14/11/0 INSURANCE— New O ztaland'".r.*/.*.n l/5/» 7> 1?J« South British ..«.« — »• l/"/e Standard ~ — - l/lb/3 FINANCIAL N.Z. and River Plate 1/2/e « 1/1/0 Loan and Mercantile. 64/0/0 M »—• Loan and Mere, (pref.) — -. 75/0/0 COAL- • Hlkurangl (ord.) „.« — .. «/0 Tauplrf .-. T/2/e * 1/2/3 1 Tauplrl (pref.)..-~. -- 4» a/ 8 / 0 Waipa ~ 1V0 « —I Westport -•..- — - Vis/6 If* AB— Auckland (old) mm* J/5/" •* \W.l Aucklanfl (new) «...■ — — I'o/" Blrkenhead 17/0 .. — ChriBtchurch - 8/0/0 « »~ Gleborne — •«■ 14 /° "dSSSSTFerry ... l/J/8 V6/S Smith, Ltd. SAJ/J - T n n Hoddart, Parker (ord.) 2/3/6 .* 2/2^ £ O SrS. e w 835/0/0 Union Steam (pref.).. — •♦ VO/o Kanrl Timber >.-w 1/8/3 vv VJ/J L.O'B «••" — >* 1/15/0 Parter. Lemb ....... l/B/8 - —' / WOOLLEN— .... -«,» Kalapol (ord.) w.tw 1/3/fl w 1/J/JJ Kalapol (10/) — •• «>2 - £ sat/o Wellington (pref) - »/3/6 *. — UISCELLANBOTJ8— Abraham, WillUma- 4/7/6 „ — A. J. Bntrlcan ...... — «f 19/0 Burns. Phllp anA Co. 1/16/0 .. -- Bycroft, Ltd — •• A l/0/» Colonial Sugar (Am.) — - 45/10/0 Dental Supplier ....- 1/2/0 4. — Pannert' Anct — .. 2/O/0 Farmers' Aue. A (pref.) — M IT/0 Farmers' Anc. B (pref.) 17/9 ,< — • Grey and Mencles (ord) — •• „ 8 /0 Hill »nd Plommer .. — .. 11'™'I . Kempthorne, Proeeet . — ♦* 8/2/° Milne. Choice (deb.) 1/3/6 », 1/3/0 Newton Kto», Ltd. .. — .. 17/a N.Z. Home Builders 14/6 .4 13/0 N.A. Farmers (A pref.) — .* 7/9 N.A. Farmers (B pref.) — .. T/0 Northern Boot — .. 1/2/0 PhilUppb and Impel- — -t 1 / R/e TaVapuna Trams i.'« — >♦ 1/1/0 ( Thames Theatre .... — 1, ie/0 Tonion OarUck „,« 16/0 .4 14/0 • Union OU .......... — M JAO/9 Wlleone Cement ..- 1/6/3 .. 1/5/0 * folk Predncte 1/6/8 - — MlNlNfl STOCKS— ■ Meanatalari 8/3 w 2/11 Mnir's Reef ...; l/7;6 .. — Hislnn Sun (ord.) ;... — .. 0/11 , /Wtlhl 1/7/0 m I/5/e Waihl Grand Junction 7/6 „■ 7/3 New Walotahl ...... 1/2 M 1/0 BEBENTtlBES ANP aONDS— "Aiiek. Gaa 1928, 6) p.e. — „ 103/0/0 Ancfc. H.B., 5J p.c... — .. 1OO/0/O Aack, H.B., 6 p.c. .. lOe/0/0 „ 154/0/0 City Aaek., BJ px..; — ». 100/0/0 N Z. War, 1930,4} p.c. — ». 9T/B/0 K.Z. War, 1988, 4} p.c. — .. 97/5/0 N.Z. War, 1089, 4} p.c. — .. 97/5/0 KZ. War. 1041. 4J p.c. — - 96/10/0 N.Z. War, 1037, S p.e. 98/0/0 .. 87/10/0 Rnl. Loan, 1P.33, 5Jp.c. — .. 101/s/n K.Z. Ine., 1927.5p.c. — >. V7/S/0 N.X. Joe., 1929, 5 p.c. — .. 97/0/O N.Z. Ins., 1038, 4>p.c. — ... 97/0/0 X.Z. Ins.. 1PS0. 4* p.c. "■— .. B7/O/0 ■BoL Loan, 1933, 9} p.c. — .. 101/15/0" Glsborne Sheepfarmers — i. ino/o/0 Macky, Logan ...... — .. 101/0/0 ■ Farmers' Trading ... — .. «s/n<n ■ Mt. Eden Loan...... ►— -..103/10/0