TRADE AND FINANCE.

Auckland Star, Volume LIV, Issue 148, 23 June 1923, Page 8

TRADE AND FINANCE.

_ m I AUCKLAND SHAREMARKET. BUSINESS DOXE. AT THE .1.13 P.M. CALL YESTERDAY— in.w.nport Ferry ..n.rOi w..iiii il •-■ '• 1 ■

THE WEEK REVIEWED.

BANKS IN GOOD DEMAND. "While there have been rewer transaclions in War Loans since last report, debentures are in good demand, and shares in banking corporations seem popular witn investors. National Bank shares had another advance tnis week, saies being made up to £7, with rurtcer buyers at £6 iv/. commercial Bank preference issue are also wanted, at £7, and Royal Bank •paid at £6 IS/. Occasional inquiries are received lor Bank ol" New South Wales at £40, but holders want an extra lv/. Bank or New Zealand are offered at 62/6, with sales at 61/6. Sales or Union Bank or Australia were ag-ain recorued at £15. There was an improvement this week in shares in insurance companies. New Zealand changed hands at 30/, and South British buyers advanced their olTers to 39/3 without sales resulting-. New Zealand inscribed stock, 1038, were placed ai £u7, and bonds sold at ttie same vate. The 5 per cent inscnueu stocK diso sulil at £US lv/, wiiile buyers quoted £102 Tor Soldiers' Loan. lnscriDed stocK, 6 per cent, 1031, were placed at £103, and MacKy Logan uuhentures at £102. Transactions also took place in Bycrort Ltd. debentures at £U6, •while £102 was offered lor Uisborne Sheep Farmers, and buyers or Fanners' Union Trading advanced meir offers to £0(5 10/ without business resulting. New Zealand Loan and Mercantile ordinary stocks v had transactions at £su, and Auckland Gas 5 per cent debentures sold at £U1 10/. In miscellaneous stocks a fair amount or business was transacted during mc week. Goldsborough Blort, Ltd. sold at 49/, and 12 guineas were offered lor Daigety, Ltd. Sales or Parker Lamb Timber occurred at i! 5/3, and or Kauri Timber at 2u/. Wilton's Cement sola at 2//6 and 27/9, but eased towards the end of the week, holders being willing ■to accept i' 7/3. Hill and I'luinmer, Ltd. were placed at 22/3, and buyers or Phillipps and Impey, Ltd., advanced their oilers to 27/ witiiout sellers quoting. Taupiri Coal changed hands at IU/6, and lor" prererence Hikurangi snares buyers advanced their oilers to 15/. Steady demand continues for Auckland Gas shares. The old issue sold up to 26/«, and buyers still olTer that llgure, wnne for the new 31/6 is quoted by buyers. A little inquiry took place lor Kalapol Woollen shares, ordinary slock selling at 23/3, and the 10/ paid at 11/9. A transaction took place in New Zealand and River Plate shares this week at 23/, and several sales took place of Aortnern Steam, paid Issue, at 15/. Devonport Ferry sold yesterday afternoon at 20/0, and lor Bycroit, LUi. shares 22/3 was tne price paid earlier in the week. Sales took place of Burns, Phllp, Ltd., at 33/, and tiiu same iifure was offered for Donag-ny's nope ana Twine. For Tonson, Garncii., Ltd. v/ vi 3 and buyers or Takapuna Tram and lerry offered up to 20/io. An advance or 1/ took place in the uuying rate for urey and Meiizies ordinary shares, U/ being offered. Waiht shares bad the usual drop to 25/, arter which saies were made at the noon call yesterday up to 20/3, but by the third call saies took place at 25/3 again. Motinataian shares sold at 3/ and Si/10, and Acw Waiotains at aao.

MEAT BOARD QUOTATIONS.

(By Telegraph.—Press Association.) WELLINGTON, Friday. The New Zealand Meat Producers' Board ndyises that the following prices were being offered yesterday for meat lor export: Auckland : Wethers, G4lb and under, 5Ad • prime woolly lambs, 421b and under, Slid' Poverty Bay: Wethers, U4lb and uiufer fid ; prime woolly lambs, 421b and under bid ; prime ox beef, 21/ per 1001b. liawkes Bay: Wethers, (Hlb and under CJd; prime woolly lambs, 421b and under ;-.'id; prime ox beef, 20/ per 1001b. Wanganui: Wethers. 641b and under C3d; prime woolly lambs, 421b and under 0(1; 4311) and over, SU; second quulitr Bd. Wellington: Wethers. ti-Jlb and under' CJd; prime ivolly lambs, 421b and under' ttd: 431b and over, S ; second quality, M ' Canterbury: Wethers, 641b and under id; prime woolly lambs, 421b and uuder IOJd ; second quality, 10d. Southland : Wethers, C4lb and under Ocl ■ prime woolly lambs, 421b and under U3d • Bacond quality, 9d. '

MELBOtntNE HIDE SAXES. MELBOURNE, Juno 22. *v°T^ e t0 Q* wet conditions, prices at it. s^ a

BANKS- SplIers - Bu - TerS ' Australasia 1,n u •• — Commercial Ipref.) -■ - ■- 0 41/m.fl :: *.,-o;u .New Zealand 3-' ° •• ,.'•'' Kuynl uf Australia... — „ •• Union of Australia... 15, 2/6 .. 11,1s u INSL'IUNCL- r |/0 New Zealand — •• J ''/ J Standaid 1 / 5fl ' G •• ~~ FINANCIAL— NZ and ltlver Plato — -• V2/l> Loan and Mercantile SO 0,0 .. — Loan and Merc, tprcl.) — •■ "/"/" 1/0/0 •• WO Taupirl (pref.i .-• — •• '{y ' Vaipa 1( » ° •■ 1 -y b Westport Stockton ipref.) — .. 8,0 Auckland (old) V7/3 .. 1/6/0 Auckland tuuw) — •• 1/1'/" Birkenhead 18/0 •• 1,u Gisborne — - 14 /" SHIPPING— ,_ Devonport Ferry l/i/O .. 1/G/u 11 uddart, Parker lord.) 2/1/3 .. — Northern Steam (p.u.) — .. l-i/O P. ami O. Deferred.. 345/0/0 .. 320/0/0 Union Steam iprel.T. - — -• 1/0/U TI.MBE11 — Bartholomew 1/0/O .. — Knurl Timber 1/0/0 .. 1/8/0 UO'il — •• 1/1'VU Parker, Lamb — -- 1/5/0 WOOLLEN— Kaiapoi (ord.) — •- 1/3.3 Kaiapoi (10/) 1-/3 -- H'U Mosgiel — -- 7/3/0 MISCELLANEOUS— Abraham, Williams.. 4/0/0 .. 3/10/0 Abraham. Wil. (pref.) 4/17/6 .. 4/10/u A. J. Entrlcan — .. 10/0 Hums, Phiip and Co. 1/13/0 .. — Byeroft, Ltd 1/3/0 .. 1/2/0 Fanners' Auc — .. 2/12/0 Farmers' Auc. (A pref.) — .. 17/0 Farmers' Auc. (B pref.) — .. 10/0 Grev and Menzles (ord.) — .. 9/0 Keuipthorue, Frcsser 3/7/0 .. 3/4/0 Merediths, Ltd 10/0 .. — Milne, Choyee (B pref.) — .. 1/4/0 Milne, Choyee (ord.). — .. 1/4/0 Milne. Choyee (deb.) — .. 1/:!/!' National Pictures — .. 16/u Newton King (pref.) — .- 17/3 N.Z. Express 17/0 .. — N.Z. Home Builders 13/0 .. 12/0 N.Z. Milk Products.. — .. 1/4/0 N.Z. I'aper Mills — .. 1/3/0 N.Z. Kef rig. front.).. - 13/3 .. — N.A. Farmers (A pref) — -- 0/0 N.A. Farmers (B pref.i — .. 7/3 Northern Boot — •• 1/2/0 I'arenga Oil 8/0 .. Pnrenea Oil (cont.)... 3/0 .. — l'hillipps and Impey. — .- 1A/ 0 Sharland and Co — -. 1/1/3 Takapuna Trams .... — -- l 'i>.?, Thames Theatre ■ — .. 17/3 Touson Garlick 13/6 .. — Union Oil — •• V" " Wilsons Cement .... 1/7/0 .. 1/0/0 Donaghy's Rope — •• 1/13/0 MINING STOCKS— „,,„ Moanatniarl 3/1 .. 2/10 New Walotahl 0/11 .. 0/9 Waihi 1/0/0 -- l/o/O "Waihi Grand Junction 7/0 .. 0/8 DEBENTURES AND BONDS— Auck. Gas, 1032, 5 p.c. — . - 00/0/11 Auck. Gas, 1028.. 0} p.c. — -. 103/0/0 Auck. H.B., 5i P.c. 100/0/0 .. — City Auck., 1030, 5} p.c. 99 '5/0 .. — City Auck.. 1030, 51 p.c. 90/5/0 .. — Devonport Loan 106/0/0 .. — N.Z. War, 1930, 44 P-C. — .. 96/10/0 N.Z. War, HKW. 44 p.c 07/0/0 ..!»!'! N.Z. War, 1927, 5 p.c. — .. OS/10/0 Sol. Bonds, 1033.54 102/j/O .. — ,„ N Z. Ins., 1027, 5 p.c. — - - OS 10/0 N Z. Ins., 1929, 5 p.c. 9S/15/0 ..08/10/0 N.Z. Ins., 193S, 44 P-C 97/0/0 .. — N.Z. Ins., 103'.), 4i p.c. — ..96/lu/0 ■Pol. Ins., 1033. 54 P-C. 102/0/0 .. - Gisborne Sheep — ..102/0/0 Mac-kv.- Logan — .-101 1°/' Pooth-Mnrdonald 100/O/0 .. — N.Z. Farm. (Cant.) .. OS/10/0 .. „,„,„ Farmers' Trading — •• OB/lo/0