AUCKLAND SHAREMARKET.

Auckland Star, Volume LX, Issue 246, 17 October 1929, Page 4

AUCKLAND SHAREMARKET.

I BUSINESS DONE. I —

LONDON EXCHANGE VALUES. ' (Australian and N.Z. Press Association.) (Received 10 a.m.)

LONDON, October 16. Bank of Australasia, £13 7/6; Bank of New South Wales, £46 7/8; Union Bank of Australia, £14 a/lVf. National Bank of New Zealand, £6 13/1; Bank of New Zealand, 4 per cent £93 5/, shares £2 19/; Loan and Mercantile, 4 per cent debentures £71, ordinary stock, £127.

' THE AUCKLAND S T A R, Til U US DAY,. OCTO FINANCE, COMMERCE AND MARKETS. THE ADmMARKET - Australian MONEY MARKET. AUCKLAND SHAREMARKEL . FAT PIGS SELL WELL. " 1 MARKED DEPRESSION. LIVE STOCK MARKETS. age numbers. Values eased on late quota- (Bv TeWraph.—1'ress AsBociatton.) BUSINESS DONE. tions. Runners made £5 to £7 8/6: heavy t j vralers, £4 to £4 10/; medium, £3 8/ to CHRISTCHURCH, Wednesday. PRICES OF SHARES FALL. BETTER TONE IN WOOL. £3 18/; light, £2 10/to £3 6/;-smaller, There were good yardings in all divisions Last Sale. f 2 'to £2 8/; email and fresh-dropped, 7/ at the Addington market to-day. Beef ™,r T vr,-i -n AT THE 3.15 P.IH. CALL YESTERDAY— Tim-p-ci PTGS FOR EXPORT. to £1 18/; rough calves, £1 to £1 15/. prices remained firm, except for extra SHADOW OF LOANS COMING DUE. B an j c 0 f Australheavy sorts. Fat sheep showed a decline aa j a j 0) .. £14 2 6 „ nin „ T riT»-n tytttt ALFRED BUCKLAND AND SONS. on last week's rates, but prices for tat T? ev ; ew i n c financial conditions in Aus- Bank New Zealand (3 0 1) .» 3 0 1 SHEEP SOMEWHAT DOLL. **** * tra"! J. B. W« and Sc., Me.- SK&irf g § ;; '} g 8 The best news of the week has been an head ra" Store Sheep.-The ent(y was the largest bourne brokers, in their circular letter a 2 lo 2 f | 'g increased firmness on the Australian wool ket, comprising 171 steers and 93 cows and for many weeks, and'prices remained firm. dated October 4, write as follows:- Leyland-O'Brien . 1 11 6 ... 1 11 6 ™and an ackno. Mg „ent fro. &2USW* S 1 » I." § g«» Bradford of a slight improvement there. . medium and light ho j?* e ' 2 {i to 25/7; good crossbred ewe accentuated and the general price level is Cables from the great Yorkshire centre are other clagseg were unchan d hoggets, to 29/; good crossbred wether now definitely lower, with sellers pre- AT THE 10 A.M. CALL TO-DAY— usually ultra-conservative, not aetually ehojce Q; . sQ]d tQ £2 ch ' oice hoggets, to 23/3; aged and f.m. halfbred dominating. To instance only the bank- Comniereltf Bank (1 - in 109 pessimistic, and the information cabled on and pr j mej £i is/ to £2 2/; secondary ewes and lambs, 11/to 16/6; f,m. crossbred i ng section of the market, there is a seller 01 Australia .. (1 8 li) .. 1 8 9 Tuesday may be given its full weight as a and p]ainj £1 15 y to £1 17/; &rime n ewes and lambs, to 15/; two-toothed half- for pra ctically every issue with a paucity p ukem i r0 Collieries f3 10 0) 3 10 O hopexul indication. It is stated tiiat tnere cow and bei £ er ee f £1 to £2- ordin- bred wethers, to 24/4; four, six and eight- 0 f buyers. The numerous adverse influences Wailil (0 13 5) .. 0 13 4 has been more activity in Bradlord m ary cow eef> £1 12 n £1 l5cxtra toothed halfbred wethers, 22/ to 24/; four, outlined .last week are still in evidence, Merino wools at advanced prices, and a ] ieaV y p r j me gteers £17 15/ to £18 12/6 "i* eight-toothed Corriedale wethers, and we see no reason to look for a AT THE 12.15 P.M. CALL TO-DAY— rise of 5 per cent in Melbourne has been the j atter price fo ' r Bteerg frQm Mr 2 4/ to 26/; good Merino wethers, to 16/3. recovery in share markets for some time, Moanataiari cont.) notified. Our wools are not Merino, but , Vosper, Maungatautari, bought by Mr. T. Spring Lambs.—The quality was good, because indications point definitely to a W 2 Paid) .... (0 O 3i) .. 0 0 31 the trend of market conditions for cross-j faster, Ponsonby Road- heavy prime but .there was a short entry, and prices f ur ther hardening of interest rates. to u di) u 0 si bred is not usually very different from that £15 15/ to £u 12/6 jj jj t6r £U were firmer. The top price was 43/1 P rtmM nnwealth Bonds of the finer staple. There is yet time for to £15 12/6; light ppi £12 w/ to £13 F at Sheep.-A larger entry and prices Commonweaitfl bonus. BANKS— Buyers Sellers the market to make some recovery before 17/6; sma ll and unfinished, £9 to £12 7/6; were down 1/ to 1/6 on last week on an "Investors are still giving most atten- . Comm(lr(>e t ; Wo our own clip is ready for marketing in extra heavy prime young cows and heifers, average over an irregular sale. Extra heavy tion to the short-dated issues of Common- Adelaide 7 / " about a month's time. £11 15/ to £12 17/6; heavy prime cows Prime wethers made up to 52/10; prime wealth loans, most of which have been Australasia".'.*.'.'.'.'."" — '.* 14/3/(5 Smithfield markets show no great change, and heifers, £10 10/ to £11 12/6; lighter heavy, 39/6 to 45/; medium-weight prime, fairly busy at easier rates. The average commercial 1/7/10 .. 1/8/4 though the demand for New Zealand lamb prime, £8 to £10 7/6; other krllable cows, 35/ to 30/; ordinary, 31/ to 34/6; light, return over the whole market is £5 10/4 Commercial (pref.) .... 7/4/0 .. 7/10/0 and mutton was somewhat dull at the close £5 5/ to £7 17/6. The highest averages 21/ to 29/6; extra prime ewes, to 46/10; pe r cent to-day (excluding the 6 per cent English and Scottish. 7/16/0 .. 8/1/0 of last week. Pork and bacon, however, for steers were:—Eight from Mr. G. prime, 34/ to 38/; medium, 27/ to 33/; issue due in March next) compared with N./. National ........ b/14/6 .. 6/18/0 were still selling well. Vosper, Maungatautari, £17 8/2; 24 from %t, 22/ to 26/; good hoggets, to 32/10; £5 5/1 per cent at the end of June1 and Stional Ault(colit) - 0/3/6 Locally, beneficial showers last week, Mr. W. Vosper, Cambridge, £16 11/10; ordinary, 23/ to 27/; good shorn wethers, £g 3/n per cent at the beginning of the N(JW south Wales 48/15/0 !! 49/5/0 followed by bright, sunny weather, liavq seven from Mr. L. R. W. Reid, Te Hoe, to 36/10; ordinary shorn,. 23/ to 28/; prime year> _ New Zealand 2/19/10 .. 3/0/3 helped the young stock on substantially. £16 4/8; 16 from Mr. W. C. Ring, Hinuera, shorn ewes, 26/4 to 33/7. "The scarcity of funds available for gilt- N.Z. I) Mortgage (£1 pd.) 1/8/3 .. Local freezing works are still busy hand- £16 2/10; 16 from Mr. John Hanks, T6 Fat Cattle.—The entry was 330 head, e( }ged investments is evidenced by the Union of Australia .. 14/1-/6 .. 14/lo/0 ling the bobby calf trade, although the Aroha, £15 10/9; 11 from Mr. W. J. with the average quality the best for f act that of the £4,785,000 of Victorian INSURANCE— ou-ntities have now dropped off consider- Ellett, Ihumata, £14 13/7; 10 from Mr. many weeks. The market was very firm . 5 . per cen t and 5% per cent loans which National 16/5 .. 17/0 ] ablv The receipts this season have been E. A. Price, Cambria Park, £14 12/. for all prime and medium-weight beef, fe ]| due on Tuesday less than half was New Zealand 2/6/fl .. 2/6/9 about the same as last year, but as the pro- There was a moderate yarding of sheep, though extra heavy steers and cows converted into 5Vi per cent Commonwealth gouth British '1 3/fi/0 " — Portion of condemned has been much less and only a limited demand. Values were showed a slight easing. Good prime steer Bonds issued at a discount of £1. Before united .......7.7.'.'! — '! 10/2/0 the total of exports is likely to be well much the same as those ruling last week, and heifer beef made from 54/ to 57/ 3i s t December next, approximately cVinvp ill a fi(?iirea for last season. Extra heavy prime wethers, woolly, £1 1001b, and m cases up to 59/; heavy £9,579,379 of Government and public body FINANCIAL— « « f/> h £0T%T l li 1; "li•' 5/1 lighi Fat ''pto.-Baeoners and porkers were ' Further Loan Re,nirements. " W/8 ! rTrtttSSJiS = ii %< theI surplusi thusi Mppifr ghorUj £1 2/ £1 4/9 / xtra heavy made £3 to £7 6/; baconers, £3 17/6 to bable that, in connection with the re- North Auck. Farmers' 3/0 .. - . fatteners difficulty k , prime young ewes, woolly, £19/; shorn, £5 18/6 (average price per lb, 7%d to placement of that .loan, the Common- N.A. Farmers' (B pref.) 11/0 .» 13/0 mg high P, r ' ce v s trhX nd £1 V» to £1 4/ heavy prime, woolly 8d); porkers, 47/ to 80/ (average price health will take the first steps to deal COALiXrIL noVkors £ 1 7/6 to £1 8/6; shorn, £1 to £1 1/3; P*r lb, 9%d to lid). • with the loan of £61,900,000 maturing in Grey Valley - .. 1/9/6 1 at Addington yesterday prime porkers / gh » orn fa following December. It is not pos- Hlkurang} pref.) .... 4/6 .. - I realised the equivalent of lid per lb (top sheep go]d)> The 74 spring lambs penned sible to say now what amount of new H kurangi (A pref.) .. 3/6 .. 5/0 trrtot noprl io make this one of were of good 1 uali ty- There Was a keen COMPANY AFFAIRS. loan money will be required by the Com- K en0 wn 16/0 16/9 T The one great need to make this' demand, with a sharp rise in values. monwealth and State Governments and Kcnown (pref.) ...;:. 3/0 .; - the Dominion s most important industries ]j x £ ra ] ]eaV y pr i me Jambs made £1 16/ to public bodies while these maturing loans Renown (new issue) J is cheap gram foods, f6r without grain m iy/Q t the latter price for lambs from DRAPERY IMPORTING CO. are being dealt with, but £10,000,000 is (fully paid) 2/9 .. — J some form or another it is difficult to oe ] Litchfield, Patumahoe, bought possibly a conservative estimate. In addi- -£ aup ' r { / • • v, —' . finish off the animals properly and main- by the Auckland Meat Company, Ltd.; r p _ tion. several semi-Governmental bodies An " ~i4n < tain the standard of quality necessary to a Iiae of 27 Iambs from Mr . N . Litch- INCREASED PROFITS. wjn be requiri n K loan funds. At the weSort'Stockton 3/0 " 3/6 1 establm and maintain a big export trade. fl e i d averaged £116/10; heavy prime end of the month the Australia Gaslight westport Stockton (pret) 4/0 } Cattle of all classes are still in keen de- lambs,'£1 13/ to £J 15/6; lighter prime; (By Telegraph —' )r.-n Correspondent.) Company will seek to raise £1,500,000 by Gfls J mand, and a big sale at Papakura to- £i 8/9 to £1 12/6. Our calf pens were DUNEDIN Wednesday a 6% per cent debenture issue, of which. A „ Pk T- nd l/4/o _ I SSI " ""° C Smle? ™> forty-fifth annual" report of tbc ko™«r, £950,000 is for conversion Auckl „ d . 18/0 m f Sheep, on the other hand are compara- and small'calves were lower. Heavy run- directors of the Drapery and General Im- P u p0 _ SHIPPING- , I tively dull of sale, with values gradually ners made £6 8/ to £9 17/6; two prime Porting Company states that shareholders Future Outlook Obscuro. Devonport Ferry ..... 1/2/0 .. 1/3/0 j tending downwards. - Hereford heifers from Mr H. A. Swaffield, Jl re their'' nurchLes 8 forfhe "Circumstances have postponed for H uddart, Parker (ord.) 2/3/0 - > — Papatoetoe, realised £9 7/ and £9 17/, P®f £i snt oia t;beiiv purci hases ior the first Australia the post-war readjustment which Northern Steam (p.u.) 14/8 .. 15/1 £ _ being purchased by Mr. John Rowe, New- eix months or the year in iuay last, and j n 0^ier coun tries has been in progress Northern Steam (cont.) 6/8 .. 7/1 s AT WESTFIELD. market, and Mr. A. W. Scotting, St. will receive it for the second six months for several yefll , Sj but we have now P. and O. Deferred .. - .. 3/0/0 JS At Westfield yesterday there was a fair Helier's Bay; heavy prime vealers made of the year on November 10. 1 he net en t erec i upon what appears to be a period Union Steam 1/0/9 — p yarding of beef cattle, and a particularly £4 15/ to £5 6/; medium, £4 4/ to £4 profits for the past year, after making industrial and financial readjustment TIMBER— keen demand for well-finished light- 8/; light, £3 to £3 11/; small vealers, P r ° v ' si0n }° r an which seems likely to extend beyond the Kauri Timber — .. 17/9 r X weights Heavy sorts were unaltered in £2 4/ to £2 12/; good bucket-fed calves, , £i5 >™ , 2 / 6 > h 3 ch - , wlt t h £40 ' 020 , 5 / 8 year. 1930. We shall, therefore, have for LOB. .. 1/12/0 Jrice Good veil calves also sold well. £1 13/ to £1 18/; rough and unfinished, hrought forward fromi last, year% makes a y cons i de rable time to come a money - " 17/9 f There was a good demand for spring 19/ to £1 7/; fresh-dropped and small, £^'^ 7 I under the strain of large conver- Parker - Lamb ~ " 17/9 * Inmbs. which are steadily improving in 3/ to 15/ (239 calves_ sold). We had an &*em ses cre> opened for huMness on I ion and new ] oans co-existing with WOOLLEN— n

Kaiapoi (ord.) 11/6 .. 13/3 i JCaiapol (pref.) . 17/0 .. — , BREWERIES— ' C. L. Innes and Co... 1/1/0 — • C. L. lanes (pre/.).... 1/1/0 .. - N.Z'. Breweries 4/8/0 .. 4/10/0 Staples 2/13/0 .. 2/15/0 MISCELLANEOUS— Amusement Park .... — <. 2/0 Australian Glass 2/15/0 .. 2/17/3 Aurst. Iron, Steel (pref.) — .. 1/1/9 British Tobacco 2/7/0 .; 2/7/9 Burns, Philp and CO. — .. 2/0/3 Bycroft, Ltd. — .. 1/14/6 Dental Supplies, Ltd. 7/9 .. — Dominion Pictures ... 1/0/6 .. — Dominion Pic. (pref.) 1/0/6 .. — Dunlop Perdriau Rubber — .. 1/7/0 Electrolytic Zinc .... 1/14/9 .. 1/15/3 Electro. Zinc (pref.) .. 1/14/9 .. l/16/O Farmers' Trading .... 0/2 .. 9/6 Farmers' Trad. (A pref.) 17/0 .. 18/3 Farmers' Trad. (B pref.) 13/9 .. 16/0 Gear Meat, Ltd 2/3/0 .. — Grey and axenzies.... 10/6 .. — i Hay ward's Pictures... — .. 19/3 Henry Jones, Ltd. ... — .. 1/13/0 \ Theatre Arcade (pref.) 1/1/0 ., — Lewis Eady, Ltd. (pref.) — .. 1/0/0 Milne, Choyce, Ltd.,. 1/6/6 .. — Milne, Choyce (pref.).. 1/6/6 .. — ! Milne, Choyce (deb.).. 1/6/6 . i — j N.Z. Farmers' Fertiliser 1/1/9 1/2/6 j N.Z. Paper Mills — . t 1/0/9 | N.Z. Refrifc. (cont.) .. 5/9 .. 6/2 1 Northern Boot 8/3 .. — ( Robinson Ice Cream.. 1/4/6 .. — Sanford. Ltd — .. 18/4 Taranakl Oil Fields .. ■ 5/0 .. 6/0 Thames Theatre 11/0 .. — , WhHtome, Stevenson. — .. 2/6/6 . ; Wilsons Cement 2/2/6 .. 2/2/9" MININQ— J Albumin 0/4 ., 1/1 1 I Kawarau 0/3 .1 0/9 1 ! Lucky Shot (pd.) — .. 1/6 1 | Lucky Shot (cont.) .... — .. 0/10 Moanatalarl (5/ pd.) .. 0/7 .. 1/1 < Moanataiarl (2/2 pd.).. 0/3 .i - 0/6 Moanataiari (1/6 pd.).. 0/1 . t - 1 Ohinemuri Mines 9/4 .. 10/0 a Ohinemuri Mines (pref.) 9/6 .. 10/6 ( Waihi 13/4 .. 13/5 1 Waihi Grand Junction 1/3 .. 1/7 t Mount Lyell 2/1/9 .. 2/2/5 1 DEBENTURES— f Auck. Harb. Bd., 4 p.c. — .. 92/10/0 j Ak.H.B., 1947, 5f p.c. 101/0/0 .. — J Auck. Hos. Bd., 1931, 6} 101/0/0 .. 103/0/0 ' Auck. Fire Bd., 6 p.c. 102/0/0 .. 104/0/0 Gisborno Sheep Farmers — .. 100/0/0 « N.Z. Breweries 1/9/0 .. 1/9/6 9 WAR LOANS— f Loan, 1930, 41 p.c. ... 99/10/0 .. — d Loan, 193S, i\ p.c. ... 100/0/0 .. — | Loan, 1939, 4} p.c. ... lOO/o/O .. — 1 Loan, 1941, 41 p.c. ... 100/0/0 — I Loan, 1933, 5} p.c. ... 99/10/0 .. — d Soldiers, 1933, 51 p.c. 100/15/0 ..101/15/0 I Loan, 1936, 51 p.c, ,.. 101/5/0 .. — INSCRIBED LOANS— Loan, 1938, 41 p.c. ... 100/0/0 ..100/12/6 Loan, 1930, 4j p.c. ... 100/0/0 — « Loan 1927-41. 51 p.c. 99/10/0 - £ Loan, 1933, 51 p.c. ... 99/10/0 .. — Soldiers, 19'33, 0} p.c. 100/15/0 ..101/10/0 A Loan, 1036, oj .. * 101/0/0 •. E