FINANCIAL AND COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19517, 22 December 1926, Page 11

FINANCIAL AND COMMERCIAL.

STOCKS AND SHARES. AUCKLAND STOCK EXCHANGE. LITTLE BUSINESS PASSING. Yesterday was another quiet day on the Auckland sharemarket. In Government securities, Soldiers' Bonds, 1933, 51r per cent., sold at £lOl, with further demand at that figure, sellers £lOl 10s. The inquiry for bank shares was maintained with only minor alterations in the rates. Sellers quoted for only a few of the issues and no business was recorded. In insurance offers for South British closed a little easier at 565, sellers unchanged at 56s 9d.- In coal Pukemiros were quoted at 60s at the first call, but eased to 59s 6d at mid-day. In gas. Aucklands were steady at 24s and 26s 6d. The contributing issue wa.s available at 15s 3d, buyers 15s. In mining the firming tendency in Moanataiaris, contributing, was maintained, the market opening at 5s and 4s 9d, and closing at 5s 3d and 4s lid, sales being made at 4s lid and ss. The following sales took place:—Soldiers' Bonds, 1933, per cent., £101; Moariataiari, contributing, 4s lid, 5s j Lucky Shot, contributing, Is id.

CALL AND DIVIDEND LIST. Calls — Due. Auckland Gas (con.), 2s per share Jan, 31, Dividends— Mount Lyell—Div., Is; bonus, 3d Now. N.Z. Breweries—lnterim, 5 p.c. Jan, 10/ BIRKENHEAD GAS COMPANY. DIVIDEND OF 7 PER GENT. The annual report and balance-sheet of the Birkenhead and North cote Gas Company states the past year was a satisfactory one. A net profit of £2395 was earned, enabling payment of a dividend of 7 per cent, to the ordinary shareholders as well as the dividend due on the preference shares. One hundred new consumers were added during the year, WEST AUSTRALIAN STOCK. A REPAYMENT NEXT MONTH. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. Dec. '2O. The West Australian Government announces the repayment on January 15 next of £2,500.000, three per cent, stock falling due on that date. LOAN FOR LAUNCESTON. Australian and N.Z. Ca,bl© Association. (Reed. 5.5 p.m.) LONDON. Dec. 21. The City of Launceskm, Tasmania, is issuing £IOO,OOO in five per cent, debentures at 97 £. SOUTHERN EXCHANGES. [BH TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Tuesday. The following sales took place on the Stock Exchange to-day:—New Zealand Government Inscribed Stock, per cent, 1939, £B6 15s; New Zealand Government Inscribed Stock, per cent-., 1938, £96 15s; Mannings' Brewery, £1 0s 3d. CHRISTCHURCH. Tuesday. The following sales took place on the Stock Exchange to-day:—New Zealand Breweries, bonds, 24s 6d; South British Insurance, 56s 3d; Bank of New South Wales £46; Bank of New Zealand, rights, 6s 7d; Standard Insurance, 57s 3d; New Zealand Insurance, 37s 6d (two); Electro Zinc (ord.), 375. DUNEDIN, Tuesday. The following spies took place on the . Stock Exchange to-day:—National Insurance, 73s 9d; National Bank, £7 2s.

LONDON PRODUCE PRICES. 13 UTTER MARKET QUIET. SLOW DEMAND FOR CHEESE. Tho Department of Agriculture has received the following cablegram, dated December 18, from the High Commissioner for New Zealand, London: — Butter.—The market is quiet. Official quotations are:— New Zealand.—Salted, (new season's): December 13, 170s to 172s per cwt.; December 11, 168s to 170s. Other qualities : December 18, 162s to 1645. Finest stored: December 18, 164s to 1665. Other qualities: December 18, 156s to 158s. New Zealand Control Board official minimum prices are: Finest, 1725; firstgrade, 170s. Australian.—Salted : December 18, 166s to 170s per cwt.: December 11, 166s to 1725. Unsalted: December 18, 168s to 1725; December 11, 168s to 1725. Other qualities: December 18, 140s to 160s. Canadian.—December 18, 164s to 165s per cwt.; December 11, 164s to 1665. Argentine.—Unsalted: December 18, 156s to 160s per cwt. Other qualities: December 18, 136s to 1545. Siberian.—December 18, 154s to 156s per cwt.; December 11, 150s to 1545. Danish.—December 18, 186s to 188s per cwt.; December 11, JL9Os to 1925. Cheese.—The Canadian market is steady arid New Zealand slow. Official quotations are: — English.—Finest farmers: December 18, 108s to 112s per cwt. The demand is good. Canadian.—Finest coloured and white: December 18, 94s to 965; exceptional, 98s per cwt.; December 11, 95s to 98s. New Zealand.—Coloured and white: December 18, 95s to 96s per cwt.; December 11, 95s to 965. Control Board minimum prices are: Finest: 965; firstgrade, 955. Australian.—Coloured, 92s to 93s per cwt.' Shipments of New Zealand produce arrived this week per Kia Ora, Port Hacking and Rimutaka. Tallow.—There was poor demand at auction. Official quotations are: —Mutton: Fine, 40s per cwt.; fair to good, 36s 6d to 395; dark to dull, 35s to 35s 6d. Beef: Sweet and/or mixed, 37s 6d to 40s; fair to good, 35s 6d to 375; dark to dull, 34s to 355. Mixed: Fair to good, 35s to 375; dark to dull, 34s to 34s 6d. Gut, etc.: 32s 6d to 345. Apples.—The market is dull and irregular. Current prices for boxes are:— American: Red sorts, 7s 6d to 10s; Newton Pippin, 9s 6d to 12s. Canadian: Red sorts, 10s 6d to 12s 6d; Newton Pippin, 12s to 14s. Hemp.—The Manila market was firm and closed quieter. "J" grade, OctoberDecember shipments sold at £4B and Janu-ary-March shipments, £47 10s. Output from January 1 to November 30 was 1,160,000 bales, against 1,138,000 for the same period last year. Stocks in Manila at November 30 totalled 150,000, against 164,000; Great Britain, 6428, against 29,374. The sisal market is irregular. On report Mexican offered £3B 10s, e.i.f. Great Britain: Fair demand for No. 2 Tanganyika at £4l; little offering. The New Zealand market is quiet, but steady, with little offering. High points.—De-cember-February shipments quoted, sellers £3B 10s and fair £36 10s. Wool.—The Bradford market is quiet, with only a small amount of new business "being done. Present quotations for tops are:—6o/64's (Merino) warp, 3s lOd; average. 3s 9d; 56's (super halfbred), 2s 7d; 48/50's (halfbred), 2s Id; 40's, prepared, Is 7i|d. MARKET REPORTS. ! FRUIT AND PRODUCE PRICES. There were no supplies of local apples at the Auckland city markets yesterday Emd as a result Canadians were in better demand. Local green apples suitable for cooking,. which made their first appearance last week, realised 8s to 9s a case, a considerable increase on the prices asked for the first consignment. Plums are coming forward freely and values were fair for most varieties. Owing to the approach of Christmas cherry plums Eire being eagerly sought, but in spite of the increased demand there were sufficient supplies on the market to warrant a drop of Is a case. Strawberries have been marketed in large quantities this week and, although prices eased somewhat, a reverse is expected toward the end of tho week owing to the spirited holiday demand. There was good inquiry for ripe bananas, which realised up to 26s case. Oranges will be very expensive during the next week or two. The Maunganui landed a few cases yesterday, but this- will have little effect on the market price. Other Sydney fruit which arrived yesterday includes Australian cherries and passion fruit, and this morning about 200 cases of apricots are expected at the markets. Tomatoes are decreasing in price owing to the large quantities arriving from both hothouses and gardens. The vegetable market was, as usual, well supplied and prices for new potatoes, green peas, cabbages and cauliflowers depreciated considerably on last week's quotations. A consignment of new season's onions brought lip to l£d per lb. Vegetable marrows arrived in good size and were in keen demand. French beans were scarcer than last week and a rise ' of 2d per lb. was registered. Hen eggs ' remained steady at 2s a dozen and prices should remain high until after the holidays. Farmers' butter fell -id per lb. in price, although the demand was fairly good. The following prices were realised:— FRUIT. Apples.—Sturmers, lis to 13s a case; local, green, 8a to 9s; Canadian, 16s to 19s; hothouse tomatoes, did to lei 2d per lb.; outdoor, 4d to 9d per lb.; Thames apricots, best, 12s 9d a case; others, 4s 6d to 7s fid; plums, Sharp's Early, 6s to '7s a case; Evans' Early. 7s to 9s; cherry plums, Ss to 6a 6d; gooseberries, 83 an 18lb. bos; IBs to 14s per bushel; strawberries, 9d to lid a chip; red currants, 4s 6d per 101b, packet; repack bananas, 24s to 2Gs-a case; hothouse grapes, 3s lOd per lb. FIELD PRODUCE. New Potatoes.—ls to 5s a bag; green peas, IJd to 2§d per lb.; French beans, *6(l to 811 per lb.; cabbage, 3s to 8s a sack; on benches. Is 6d to 4s a dozen; Cauliflower, 3s to 8s a sack; on benches, 2d to lOd each, new onions, lid to lid per lb.; Canadian onions/ 15s to 16s a lirate; lefiuce, Is to 5s a case; cucumbers, outdoor, 3s to 19s ' dozen; rhubarb, 2s to 3s 6d a dozen; vegetable marrow, 3s to 7s 6d a dozen; spinach, Is to la 6d; carrots, parsinips, beet and turnips. Is to Is 9d a dozen bundles. DAIRY PRODUCE. Hen Eggs.—ls lid to 2s a, dozen; duck ■ eggs, Is 9d to Is 93d a dozen; farmers' ' butter, Is to Is 2d per lb. THE METAL MARKET. Australian and N.Z. Cable Association. (Reed. 9.5 p.m.) LONDON, Dec. 20. The following are the quotations on the j metal market, the rates ruling on December 16 being given in parentheses:— Copper.—Spot, £57 3b 9d (£57 Is 3d); three months, £57 18s 9d (£57 16s 3d). Lead.—Spot, £29 3s ,9d (£2B 17s 6d]; three months, £29 10s (£29 ss). Spelter.—Spot, £32 16s 3d (£32 lis 3d):; three months. £32 16s 3d (£32 12s 6d). ; Tin.—Spot, £3OB 15s (£3lO 17s 6dji; 1 three months, £299 17s 6d (£3OO 2s 6d). Silver.—Standard., 24|d (24 13-16 d) per t ! oz.; fine, 26 9-16 d (26 11-16 d). ) ' PROPERTY SALES. ; - Samuel Vaile and Sons. Ltd.. will hold i an auction sale at their rooius. 153, Queen I Street, at 2 o'clock to-day when two pro-' . perties will be offered at the request of the mortgagees, under conduct of tho Re 1 gistrar of the Supreme Court. They comr prise the leasehold interest in a block of , 1 2651 acres on the main road from North--1 cote to Takapirna. forming part of the Roman Catholic School endowment, aid J a bungalow in Tennyson Street, off Ds- > I miniion Road. ' » J. R. Robertson. Ltd.. yesterday ;S>aid at " auction a five-roomed house at J2S, New- | ton Road, for £ 725 cash.

CLOSING QUOTATIONS. Sellers. Buyers. BANKS— £ b. d. £ 8. d. Australasia 14 6 0 — Com. of Australia . „ 1 12 0 1 11 9 National, of N.Z. .. 7 3 0 7 1 0 Not. of Australasia .. — 18 0 0 Ditto (con.) — 9 0 0 Now South Wales .. — 45 0 0 New Zealand .. 2 19 3 2 18 9 Ditto (rights) — 0 6 7 Union of Australia 15 (5 6 15 3 6 INSURANCE — National .. .. 3 15 0 3 12 6 New Zealand 1 18 0 1 17 0 South British 2 1G 9 2 16 0 LOAN AND AGENC1 — Farmers' Co-op. Auc. 0 18 0 A (pref.) — B (pref.) 0 17 3 — Goldsbrough, Mort . . 2 9 0 — 0 N.Z. River Plate — 1 4 N.Z. Guarantee Corp. 0 11 0 • 0 10 0 N.A. Farmers' Co-op. B (pref.) 0 9 6 — COAL— . Hetherington (con.) 0 7 0 _ Hikurangi (pref.) .. 0 3 0 2 17 Pukemiro 2 19 6 6 Taupiri — 1 1 3 Ditto (pref.) ». 1 3 0 West port .. 1 15 6 1 14 6 GAS— Auckland * 1 4 0 1 3 6 Ditto (con.) 0 15 3 0 15 0 SHIPPING— Devonport Stearu 1 5 9 1 4 S Northern Steamship . 0 14 8 — Ditto (con.) 0 6 6 / ~ TIMBER— Kauri 1 8 3 1 7 0 Leyland-O'Brien 2 2 6 — National . . .. 0 15 6 0 13 6 Parker-Lamb 1 6 0 1 2 6 Taupo Totara .. 1 0 0 _ WOOLLEN— Kaiapoi . .• — 0 10 0 Ditto (con.) .. — 0 1 9 BREWERIES— C. L. Innes and Co., (pref.) 1 0 3 — N.Z. Breweries, Ltd. 2 12, 9 2 11 6 J. Staples and Co. . 1 19 0 — MISCELLANEOUS— Auck. Amusement Park — 1 3 9 British Tobacco 2 11 3 — Colonial Sugar (Aus.) 55 10 0 54 10 0 Dominion Pictures .. — 1 0 0 Ditto (pref.) .. Electro. Zinc (ord.) . — 1 0 0 — 1 16 0 Ditto (pref.) •— 1 16 9 H.M. Theatre (prof.) Kempthorne Prosser's — 1 0 0 3 12 0 — Milne and Choyce .. — 1 4 6 Ditto, (pref.) —. 1 4 6 Ditto (B pref.) — 1 4 6 Ditto (deb. stk.) . . 1 4 6 1 3 6 Newton King, Ltd. .. 0 10 6 — Ditto (cum. pref.) 0 16 0 — N.Z, Fertilisers 4 13 6 — N.Z. Refrigerating .. 0 15 3 — Northern Boot {.. 0 18 0 _ Phillipps and Impey — 1 13 0 San];ord, ' Ltd 1 4 0 1 3 0 Takapuna Tram 0 6 0 0 3 0 Taranaki Oilfields .. 0 10 6 0 9 0 Tonson Garlick 0 11 G Union Oil — 2 1 0 Wairakei, Ltd — 0 4 0 Wiseman and Sons (pref.) 0 18 6 — Wilson N.Z. Cement 1 14 3 "1 13 6 MINING— Alburnia 0 3 6 o 3 4 Ballarat (con.) 0 0 fi 0 0 2 Moanataiari (pd.) .. 0 6 0 0 5 3 Ditto (con.) ., 0 5 3 0 4 11 Golden Age (paid) ., 0 1 0 0 0 31 Ditto (con.) 0 0 3 — Kawarau 0 3 4 0 3 1 Komata Reefs 0 0 3 . Lucky Shot (2s pd.) 0 1 7 0 1 0 Ditto (con.) 0 1 2 0 1 0 Majestic . . 0 1 fi N. Waiotahi (4s pd.) 0 1 7 0 1 3 Ditto (con.) .. 0 1 3 0 1 1 New Zeeban 0 1 4 .— Nonpareil (Is Gd pd.) — 0 0 Si Ditto (con.) 0 0 7 0 0 21 Ohinemuri .. 0 5 8 0 5 0 Waihi 0 17 0 0 16 9 Waihi Grand June. 0 5! 0 0 1 10 Mount Lyell 1 8 0 1 7 3 N.Z. GOVERNMENT BONDSWar Loan, 1930, 4£ 97 5 0 Ditto, 1938, 4i Soldiers' Loan, '33, 5| 97 0 0 96 0 0 101 10 0 101. 0 0 N.Z. INSCRIBED STOCK— War Loan, 1929, 5 . . — 93 0 0 Ditto. 1933, 4-i . . — 96 0 0 Ditto, 1939, 4} . . 97 0 0 — Ditto, 1927-41, 5} — 98, 0 0 Soldiers' Loan, '33, 5| — 101. 0 0 DEBENTURES— Auck. Gas, 1932, 5 .. _ 92 0 0 Ditto, 1928, 6} . . — 100 0 0 Auck. Har. Bd., 4 — 84 10 0 Ditto, 6 — 102 0 0 City of Auck., 1940, 5i — 96 0 0 Auck. Power Board 9D 10 0 97 10 n N.Z. Breweries 1 4 6 1 4 4 Milne and Choyce .. — 96 0 0 N.Z. Milk Products 120 0 0 105 0 0 Glaxo . . — 88 10 0