TRADE AND FINANCE.

Auckland Star, Volume 55, Issue 49, 27 February 1924, Page 6

TRADE AND FINANCE.

'. AUCKLAND SHAREMARKET. j BUSINESS DONE. . AT THE 3.13 P.M. CALL YESTERDAY— j Standard Insurance .'i'-.'iu i Auckland Gas '• '■ ! AT THE 10 A.M. CALL TO-DAY— I N.Z. Insuran.-c —fl/O/O AT THE NOON" CALL TO-DAY— Colonial Sugar '^.^ ■ Milne and Choyce (deb.) i/inn I . Wilsons Cement 1 I . Waibi Crand Junction ,',-Y,,V-' 01 ■: 1 Soldiers" ."".I p.c. Loan U1"1 -"01 ; ' War Loan, - H p.c, lU3S, 1u5...'.t9./u, V)

MARKET CHANGES. 'Wilsons Cement—Sales £1/10/0. down 1/0. Standard Insurance—Sales £2/0/9 up 6d .Soldiers' Loan, 51 p.c—Sales £101/5/0, down £?2? and Mercantile (ord.)—Buyers n £Sa/10/0, up 10/0. MINING SHARES IN LONDON. LONDON, February 26. The following sales have taken place on the London Stock Exchange:—Waihi 31/ vy : n M°H nt " LyeU ' ~ /7 > ami js.6. Cable). THE CANTERISLra-r MARKETS. (By Telegraph.— Press Association.) CHRISTCHURCH, Tuesday. Trade in oats has brightened up during the last few days, and an advance of a penny was recorded to-day, A grade Gartons going up to 4/10 and B's to 4/31. There is such a margin of difference between the two grades so far as prices are concerned that merchants are beginning to turn their attention to B's. Chaff has again eased in price, and sales have been made on the basis of £7 17/0, f.o.b.s.i. - In the face of reports of a smaller yield from the peninsula this year, cocksfoot has become easier, but merchants now find that large stocks are being held by the growers of last year's seed. Standard seed of the 1023 crop has been sold at 123 d this week. There has been some inquiry lately for partridge peas, and as much as 6/6 is being paid for them at country stations, hut very little is offering. Potatoes have eased during the week owing to it having become known that the 'Auckland merchants have purchased 500 tons of Tasmanian potatoes, to be landed shortly at that port. Orders from Wellington for potatoes for prompt delivery have eased off, owing to the quantity of Mana-watu-grown tubers offering. Farmers are not, however, showing any great anxiety to sell. Reports concerning the condition of crops are conflicting. Some people state that the crops will turn out well, while some, on the other hand, express the opinion that the prolonged spell of dry weather will have an adverse effect on them. Meanwhile there is plenty of sun by day and good dews by Eight. LONDON MARKETS. The Department of Agriculture has received the following cablegram, dated February 23, from tbe High Commissioner .for New Zealand, London: — In consequence of the dock strike, the available stocks of butter and cheese are practically exhausted. Business is at a standstill and prices nominal. Business has been done in butter up to 212/ per cwt. Position weak. No official quotations except for English cheese, which is scarce. Bntter. —No official quotations. .' Cheese. —English: Finest fanners', February 23, 132/ to 146/ per cwt (1/21 to 1/3J per lb); February 16. 136/ to 146/ per cwt (1/21 to 1/3! Per lb); February 9, 135/ to 146/ per cwt (1/21 to 1/3J per lb). Other varieties of cheese not quoted. The s.s. Mahia, with a shipment of New Zealand produce, is due to-day, and the s.s. Middlesex to-morrow. Casein. —Nominal quotations are: French Rennet, £65 to £S5 per ton; Argentine Lactic. £46 to 550 per ton. Hemp.—Manila market is active, with good demand and business fairly large. "J" grade sold afloat and February-April shipments, £37 10/ to £3S 10/ and values. New Zealand market quiet. Sales of fair grade for early shipment are reported at £34 10/. Quotations are: Highpoints £36 10/, and fair £34 10/. Wool. —Bradford reports that values are as yet not affected by the strike, although buyers more reserved. Present quotations for tops: 64's (Merino), 5/10; 56's (super half-bredl, 3/111; 40's prepared (coarse crossbred), 2/l. : Fruit. —On account of strike there are no quotations for apples. AUSTRALIAN LAMB. The New Zealand Meat Producers' Board has just received a cable from its representative in Melbourne advising that the number of lambs exported from Australia during the fortnight ended the 22nd insL, was 14,394 carcases.

I BANKS— Sellers. Buyers. ! Commercial 1. 11. o .. fi ~J„«j ! National _ n " ,.' ..t,,! New Sooth Wales ... 41 .'•• 0 .. 4(> 10/j ! New Zealand ?.''.'.' " " ! P. and O. Banking .. .. -^ ', tinfon oAnstralia':: 1-1 13/0 ..14.10/0 | INSURANCE- , ]6/G i National >/' - '„_ - New Zealand J •' ;| ■• ?,-" '' ' South British - " l > -- 7,,,',, Stand.ird — — -• ■ u ' FINANCIAL— - ! N.Z. aud River Plate 1.0;.1 .. ]W<\ Lo:in and .Mercantile — ■•\'_ 1 ','' Loan and Merc (pref.) S4/0/0 .. u/O/o COAL— ,- ! ?S n ?..'°*:l.:::: :: i™ Taupiri (pref.) 1/3.-0 -. 1/4 0 I Waipu ~ — •- u ' 3 ; G Au7klnnrt (old) 1/6/" .- 1/3/3 Auckland (new) 3 11 -. •• ■■> SHIPPING— Devonport Ferry — -- l/-'/" ' IHuddart, Parker (ord.) 2/2/0 .. -'/I/O ! Northern Steam (p.n.) 13/3 .- 14/0 j P. aud O. Deferred.. 310 0 0 .. 2S5/0/0 i TIMBER— I Kauri Timber 1/9/3 — l/S/6 I L.O'B — - 1/18/5 | National — — 1/0/9 Parker. Lamb 1/11-0 .. — Taringamutu — -• 1/13/0 J- Kotoiti — —■ — 12/0 i WOOLLEN— j Kaiapoi (ord.) 1/0/6 .. — j Kaiapoi (10V) - 10/6 .. — i MISCELLANEOUS— ! British Tobacco 2/2/6 _ — Bycroft, Ltd _ — .- 1/3/C .' Colonial Sugar 54/10/0 .. — Dental Supplies _ 1/1/0 .. — Donairhv's Hope — .. 1/14/0 Farmers' Auc 3/10/0 .. 3/0/0 Farmers' Auc. A (pref.) — .. 17/0 Farmers' Auc. B (pref.) 17/G .. — t Grey and Menzies (ord.) — .. 10/0 ; • Theatre Arcade (pref.) — .. 19/G ■ Kempthorne, Prosser — .. 3/0/0 J Milne, Choyce (B pref.) — .. 1/3/0 I Milne, Chovce (ord.).. — .. 1/3/0 } i Milne. Choyce (deb.) — .. 1/2/9 1 National Pictures.... 10/° .. — i Newton King, Ltd. .. 18/3 .. 10/3 j . N.Z. Breweries 1/3/6 -. — • ,. N.Z. Express — .. 10/0 N.Z. Home Builders.. — .. 14/0 I X.Z. Paper Mills 1/4/0 .. — I . N.Z. Refrig. (font.).. 10/0 .. 0/0 ) N.A. Farmers (A pref.) — .. 8/0 I . N.A. Farmers (B pref.) — .. 5/6 J Northern Boot — .. 1/2/0 Phillipps and Impey. — .. 1/7 'ts ! Takapuna Trams .... — .. 1/1/0 | Thames Theatre 1/0/0 .. 17,0 ; Tonson Garliek — .. 14/G Union OH „ 1/10/fi .. 1/10/0 ! Wilsons Cement .... 1/10/3 .. 1/9/0 j Dominion Pictures... 1G/0 ... 12/G ■ MINING STOCKS— ; Fonr-in-Hand 1/3 „ 0/9 i -Moanataiari 3/S .. 3/3 , New Waiotahi 0/7 .. 0/:U i -; Waihi 1/11/6 .. l/ll/O" '• Waihi Grand Junction 5/0 .. 4/11 DEBENTURES AND BONDS— . Auck. Gas, 1932, 5 p.c. 93/10/0 .. — Auck. Gas, 1928, 6} p.c. — . . 100/0/0 Auck. H.B., 51 p.c. .. — „ 94/0/0 1 City Auek„ 1940,51 p.c. — .. 04/0/u Devonport Loan 102/13/0 _ — ; N.Z. War, 1927, 3 p.c. — „, 97/3/0 i ■ Sol. Bonds. 1933, 5* 101/10/0 .. — . - N.Z. Ins., 1027, 5 p.'e. — .. 07/2/6 i '■ N.Z. Ins., 1929. 5 p.c. — .. 9G'10/0 . 1 N.Z. Ins., 193S, 41 p.c. 97/5/0 .. 96/13/0 N.Z. Ins., 1027-41, Si 98/10/0 .. — '. Sol. Ins., 1933, 5* p.c. 101/10/0 .. _ P.ooth-Macdonald 100/0/0 _ . N.Z. Breweries 1/1/8 .. 1/1/0 . Milne and Choyce .. 101/0/0 ..