AUCKLAND SHAREMARKET.

Auckland Star, Volume LVI, Issue 188, 11 August 1925, Page 4

AUCKLAND SHAREMARKET.

BUSINESS DONE. AT THE 5.13 P.M. CALL YESTERDAY— National Bank of Australasia ..£l7'o/0 "Cnion Bank £14/12/6 New Zealand Insurance fl/l.'i/O South British Insurance £2/11/0 Colonial Sugar £32/13/0 (Jcar Moat £2,-0 Sanford, Ltd. (pref.i £1/0 0 "Waibi Grand Junction 11 AT THE 10 A.M. CALL TO-DAT— Eank of New South Wales £-11 ~> '0 Auckland (sas (fl,'3/0i Taranaki < »n 19/0. 19 '<> AVils.rU,S CfUJPUt l£l I.". "■■l Wiiihi £1 '5/C i

j MARKET CHANGES.

Xew Zealand Insurance—Sales £1,15 0. up 30. South British Insurance —Sales £2/11 0, up Od. Takapurm Trams —Sellers 13 G. down Gd.

SOUTHERN EXCHANGES.

(By Telegraph.—Press Association.) WELLINGTON, this day. Sale Reported: Inscribed Stock, 103S, £97.2/ C. DUXEDIX. this day. Sale on 'Change-: Kawarau, 16/.

! KUSSIAN INSUSTKi.

- That in 1921 Russian industries had reached 18-20 per cent or peace production, and that in 1925 they will reach In the industries 70 per cent and in agricultural production 7 2 per cent, is the claim made by M. Rykofl", president of the Folks Commission, according- to the Moscow I correspondent or " The Statist." M. RykofT ■ asserts that they would have increased still further had it not been Tor lack of capital. To obtain that capital is the ask he has set himself. His main hopes for the rehabilitation ol' Russia rest on the peasants (in whom, by the way, other people see hopes of a chang-e of Government I. Throug-h stress of circumstances agriculture has fallen into a state of terrible attrition, there being a great sbortag-e or capital, live stock, and machinery. M. Rvkoff state? that the Soviet proposes to j spend ISA million roubles this year on th» i purchase of agricultural machinery. Total I imports_into the Federated Soviet Statei during , the six months ended March 31 ' last amounted To 233.1 million roubles, ias ag"ainst 149.9 millions in the corresponding- period of 1923-2-i. Exports in the latest half-year amounted to i>33 million roubles, as ag-ainst 267 million in the six months ended March 31. 1924.

IRON AND STEEL.

i CONTINENTAL COMPETITION. Reports or well-nig-h ruinous competition in the iron and steel trade are not confined to Hreat Britain. In France (says "The Times" correspondent on June 13) there are complaints of the unremunera- ; tive level or the prices or pig iron and Hair-nnisfipd products owinp to the underI cutting- or Lorraine and Luxembourg makers. The ?aar works, which have recently been obtaining- a Tair amount or I business in Germany. have to wag-e a contest ag-ainst the Lorraine concerns. The Germans nnd that some or their rormer customers to whom they nave been quoting- £12 10/ for wire nails are buyingthem from Belgrium at £9 15/. This. too. is the Belgian price ror No. S g-alvanised I steel wire, against £10 15/ for the German article. There are. indeed, clear stjrns that the Belgians are malting- serious inroads into the German n.»:tallurg-ical trade.

AUSTRALIAN BUTTER CONTROL

I The Commonwealth has established a Dairy Produce Control Board, but apparently this Boara has no power to interfere I with marketing- methods, the producers being- lree to consigs or to sell r.o.b. I However, since the nrst of this month the exportation of butter and cheese from J the Commonwealth to destinations other than the East Is prohibited, unless each j exporter has received a license Trom ihe ' Department or Markets and Migration. Licenses are Issued for a period or Twelve I months, subject to certain conditions and I restrictions. One or the most important i conditions is tliat each exporter shall furnish .mil particulars or the shipment to the secretary or the Dairy Produce Control J Boai-a; -

The Eseliauge dosed after the first call. BANKS— Sellers. Buyers. Australasia 14 12/0 . . — < omuiercial 1 11 G . . 3 10 '9 National — .. 6 13 O New S,.uth Wales .. 417 0 .. 41/1! 0 New Zealand IT U .. 2'16 I'lxioO of Australia .. — .. 14 11/U INSURANCE— National " 1"> 0 . . 3 '12 G j New, Zealand 1 lj ;; .. 1 14 "J Smith British — .. - KM; Standard - 7 G .. - G. U FINANCIALN.Z. and lUver Plate 1.'2,0 .. 1 1 •"• l.nau and Mercantile ~ .. t>3 " ll Loan and Men-, ipn-f. i — .. 77 0.0 Wright, Stephensou u>ref.) 17, G .. — Hikurangi (pref.i in o .. — I'ukemlru 2 0 l> ■ . - 1. 6 Taupiri IB, 0 .. — Taupiri (pref.) — .. 1/3/0 Wal;>u .. — GA5— Aui-kland (oldi l :; .". .. 3 -"J Kirkenhead lS/0 .. — SHIPPING— l>evonport Ferry .... 1 r> 9 .. 1 "o 0 Howard Smith, Ltd. 1 V> 6 .. 1 14".! Huddart. l'arker lord.i - <i G .. - •" •"• Northern Steam tp.u.i 1G 0 ... 15/« Northern Steam (font.) t> U .. 7,'G TIMBER— Bartholomew 1 2,3 .. 1 1 3 Kauri- Timber — .. 1 13/ 3 L.OB — .. 2/16/0 National 1/2/6 .. 11,9 Kotoiti 1 3/0 .. — WOOLLEN— Kaiapoi lord.) 12'C .. — Wellington — .. GOO Wellington ipref.) ... — .. 6/10 o UISCELLANEOTS— Uurus. I'hilj) and Co. — .. 1 1G 0 Bycroft. Ltd — .. 1/0/6 <'olonial Sticar 53 <> 0 .. — l>ental Supplies 17 '0 .. — l>oiuiuion 1'irtures .. l.'O.'O .. lS.'O Electrolytic Zinc (det.) — .. 1/10^1 Electrolytic Zinc (pref. i — .. 1113 Farmers' Auc 3,17/6 . . 3. 10 0 Grey and Menzies ... — .. 9/C Theatre Arcade (.pref.) 1/0/6 .- 19/6 Kemp. Prosser (font.) 1/4/3 .. 1/3'U L. K. Eady (7 p.c. B pref.) l'3.'O .. — Milne. Choyce. Ltd... — .. 1/4/0 Milne, Choyce (pref.) — .. 14/0 Milne. Choyce tdeb.) 139 .. 1 ,~o/3 Newton Kin? (pref.i IS'6 .. — N.Z. Breweries 2/10/0 .. IIS'0 Farmers" Fertiliser.. — .. 4 11 6 N.Z. Kefrig. (cout.l .. 0 1.. Sit N.A. Farmers' (B pref. I — .. 5/8 Northern Boot — .. 1 '0/0 Phillipps and Impey.. — .. 1/10/0 Sunford, Ltd 1 00 .. — Sanford. Ltd. ipref.i 1/0'G .. 10 G Sharland and Co — .. 1 UA3 S.R. Maxwell and Co. 12 G .. — Takapuna Trams 15/6 .. — Thames Theatre — . . 14/0 1 Tonson Gurlick 14 0 .. — Xnion Oil — .. 1,19 0 Wiseman and Sons .. 11/0 .. — Wilsons Cement 1/13/6 .. 1 13/0 Taranaki Oil 1/0/0 .. 10 G MINING— Kawarnu 13/6 .. 3 '< '3 Kuranui — .. 0/7 Majestic ..,,. 1/1 .. — Mounataiari -1 .. 1'8 Muir's Iteef l'0/O .. — New Waiotalii 0/4 .. 0'2* Nonpareil 10 .. — Nonpareil (cent.) 0/G .. — Ohinetuuri Mines .... — .. 2/9 Waihi 1 •" '!) .. 1 .". R Waihi Cratifl .Inn.-tloa — .. 0/11 Zechan fousolidated.. 4 C .. — DEBENTURES— Aock. Gas. l'.C'S. G; p.c. — .. 101 0 0 Ani-u. I'ower Board.. — .. 90/0/0 N.Z. Breweries — .. 1 " .'! S. K. Maxwell. Ltd... 102/0/0 .. — Millie and Choyce ... 00/0/0 .. 94/0/0 (foverument G p.c .. 10G'O.'O .. lW/0/0 WAR LOANS— Loan. VXin. 4i p.r. ... — .. H7 n o Loan. 11I.-5& 4* p.c 87/3/0 .. S)7/0/0 Loan, UKW, -i* p.c. ... 97~/(> .. !»0 13 0 Loan. 1»27. 3 p.c — . . 9S/5/O Soldiers, VJ3Z. oi p.c. — .. 101/0/0 INPCRIBKD STOCK— Loan, 1927, o p.c — .. OS "'<) Loan. 1512I). 3 p.c — .. IIS'O/O Loan, 1938, 4i p.c. ... — .. 06/13/O Loan. 1«39, 4* p.c. ... — .. !)6.1-'i/(l Loan. 1927-4L :«i p.c. — .. 518/10/0 Soldiers, 1U33, 5* p.c. — .. 101 On