Markets and Money

Sun (Auckland), Volume 1, Issue 70, 14 June 1927, Page 2

Markets and Money

ON THE ’CHANGE

WAIHI JUNCTION FIRMER BANK STOCKS ACTIVE Mining stocks registered increased activity on the ’Change this morning. Waihi Junction has hardened several points during the past week to sell this morning at Is 4d. The market , closed at mid-day with sellers Is sd, buyers Is 3d. Alburnias still command attention on a market that gives little indication of easing, and sales were put through this morning at 4s 9d. In the bank section the market is firm with a good inquiry, and most stocks are active at values firm at late quotations. Miscellaneous shares are quiet. Government and local body bonds and debentures are in good tone, with quotations tending to firm and fewer sellers in the market. SALES REGISTERED At yesterday afternoon’s call: On Change.—Alburnia, 4s 9d; South British Insurance, £2 18s. Reported—. Occidental Una (con.), Sd; Hikurangi (pref.), 3s 4d; do. A (pref.), 2s Cd; South British Insurance, £2 ISs; Bank of Australasia, £l4 15s; Kawarau, 2s 7d. At this morning’s 10 o'clock call: On the ’Change—South British Insurance, £2 18s; Alburnia, 4s 9d. Reported— National Bank of Australasia, £l7 17s 6d; Bank of New South Wales, £45 15s. At the mid-day call: On the ’Change —Alburnia, 4s 9d; Moanataiari (con.), 2s 8d; Waihi Grand Junction, Is 4d. Reported—New Zealand Breweries (deb.), £1 3s lOd. MID-DAY QUOTATIONS Closing quotations at mid-day today were:

A Review for Business Men

IN THE MARKET PLACE

FIJI BANANAS ARRIVE POTATOES FIRMER Apples have been slow of sale during the week and values are considerably easier. All varieties of fruit are well -upplied and the cold weather has brought about a slight easing in the demand all round. The Tofua to-dav brought a shipment of approximately 18,000 cases of Fiji bananas. Oranges are well supplied, and a further shipment from the Cook Group is due to arrive next week. In the field and garden produce section potatoes have advanced in value to 7s 6d a cwt., corresponding with the firmer values ruling in the South. Onions still remain a glut on the market and make poor values. Most lines of garden produce arc well supplied and meet with a steady demand at values well within the range of the average housewife. PRICES UNDER THE HAMMER Prices realised under the hammer in the city auction marts this morning ranged as follow: FRUIT Apples.—Delicious, 8s 6d tc> 10s; large size, 7s to 8s; others. 5s to 7s: Doughertys, choice, 6s to 7s; small, 3s to ss; Ballarats, 8s to 9s; Monroe, 7s to Ss; Prides, 6s to 8s; Rome Beauty, 7s 6d to 8s 6d; Salome, 6s to 7s. Pears. Win ter Nellis and Coles, 9s 6d to 10s 6d; others, 8s to 9s; Vicars, 8s; Keiffer, 6s to 8s; P. Barys, 6s 6d to 8s 6d. Tomatoes.—Hothouse, choice, 9d to Is a lb.; outdoor, choice, 10s to 14s a case; inferior, 3s to 6s. Hothouse Grapes.—Choice, 2s to 3s a lb.; others, Is 3d to Is 7d a lb.; Australian whites, 16s a case. Bananas.—Repacks, 22s to 17s a case. Oranges.—Californian, 34s to 37s 6d a case; Sydney Navels, 16s to 17s a *‘ase; Island repacks, 16s to 17s 6d a case. Lemons.—Local, 5s to 12s a case. Mandarins.—Fiji, 6s 6d to 8s a case. Cape Gooseberries, 3d to 4d a lb. VEGETABLES Potatoes, 6s 6d to 7s 6d a cwt. Kumaras, 3s to 6s a bag. Pumpkins, ordinary. 2s to 5s a sack; Crown and Trumble, 5s 6d to 7s a cwt. Swedes, Is 6d to 2s a bag. Onions, Is to 3s a bag. Cabbage, 2s to 7s 6d a sack. Cauliflower, 3s to 11s a sack. Citron melons, 5s to 7s 6d a cwt. Lettuce, Is 6d to 4s a case. Rhubarb. 3s to 4s dozen bundles. Spinach, 6d to lOd dozen bundles. LONDON MARKETS OFFICIAL QUOTATIONS Under date June 11, the New Zealand High Commissioner in London cabled the following official market review and quotations. BUTTER The butter market is quiet. New Zealand. —Finest salted, 161 s to 164 s per cwt; unsalted, 174 s to 176 s per cwt; other qualities, 156 s to 160 s per cwt. Australian.—Salted, 162 s to 164 s per cwt; exceptional, 166 s per cwt; unsalted, 168 s to 172 s per cwt; other qualities, 150 s to 164 s per cwt. Danish. —166 s to 16Ss per cwt. Irish Creamery.—l6os per cwt; unsalted, 164 s per cwt. Argentine.—Unsalted, 166 s to 168 s per cwt; other qualities, 156 s to 162 s per cwt. Siberian.—lsßs to 160 s per cwt. CHEESE The cheese market is slow. Canadian. —Finest coloured and white, 98s to 100 s per cwt; other qualities, 90s to 94s per cwt. New Zealand. —Coloured, S4s to 86s per cwt; white, S2s to 84s per cwt; other qualities, 80s to S3s per cwt. APPLES The condition of Hoi'atius shipment is good. The soft fruit season has begun, but supplies are small and not yet affecting apples, for which 'die market is firm. Prices are as follows: Cleopatra, 16s to ISs; Jonathan, Sturmer and Statesman, 14s to 16s up to 17s; Delicious, Dunn’s Favourite, Rome Beauty Stark and Ballarat Seedling, 14s to 16s; Premier, Wolseley, London Pippin, 14s to 15s. HEMP Manila market firm with an improved demand for close ’at hand. “A" grade May/June shipments sold £44 10s, June/ August shipments quoted sellers £44. Sisal market quiet. Tanganyika number one, June/August shipments quoted sellers £3B and number two, £37. New Zealand: Better demand for lower grades, common and rejected afloat sold £33 10s and £32 10s. For June/July shipments possible buyers might pay New Zealand sellers £33 and £32. Highpoints not wanted. Spot stocks offered £35 10s. Nominal value June/July shipments £35, fair £34. Tow: Bettei' demand due to scarcity, of sisal number two. In store sold at £24 10s. WOOL The Bradford wool market is steady. More business being done in low and medium qualities. Average prices Are: — 64's (Merino), warp, 4s a lb; average, 3s lid a lb; 56’s (super half-bred), 2s lOd a lb; 50’s (half-bred), 2s 2d a lb; 40’s prepared, Is 7§d a lb.

BANKS— £ s. d. . £ s. d. Aust. Bank of Com. 1 17 6 1 16 0 Bank of Aust 14 15 6 14 14 0 Com. Bank Aust. . . 1 10 3 1 9 6 Ditto, (pref) . . . . 6 Eng., Scot, and Aus. S 7 8 0 Nat. Bank N.Z. 7 4 0 :\ew South Wales .. 45 1 o 0 45 0 Ditto (rights).. .. 24 15 ft New Zealaind 0 6 3 0 Ditto. (5s paid) . . 0 11 6 0 10 Union of Australia . 15 lb 0 15 12 0 INSURANCE— National 3 13 0 New Zealand . . 2 0 3 1 19 9 South British .. . . 2 18 6 2 17 6 DOAN AND AGENCY— Abraham & Williams (pref) .. 4 10 0 4 c 0 Dalgety and Co. .. 14 0 0 Hbrniers Co-op. Auc. 3 15 0 Ditto. A (pref) .. 0 18 0 0 16 6 Ditto. B (pref.) .. 0 1 6 0 0 15 0 Goldsboro Mort 2 10 6 Newton King (pref.) 0 14 0 0 11 0 N.Z. & River Plate 1 7 G N.Z. Guar. Corp. . . 0 9 0 0 8 9 N.Z. Doan and Merc 92 0 0 N. Auck. Farmers’ Co-op. (B pref.) . 0 8 6 — COAL— Renown (con.) .. .. 0 6 6 ft n 0 Hikurangi (pref.) .. 0 3 9 0 0 Ditto. A (pref.) .. 0 2 10 0 2 Taupiri 1 3 6 1. Ditto (pref.) .. .. 1 Waipa — 0 13 9 GAS— Auckland 1 3 7 1 3 K Ditto (con.) .. .. 0 15 0 0 14 ib SHIPPING— Devonport Ferry .. 1 6 3 1 5 0 Howard Smith . . . . Huddart-Parker 2 2 Ditto (pref.) .. .. 1 0 0 Northern Steam 0 13 4 Ditto (con.) . . . . 0 6 6 0 6 Union Steam (pref.) 1 0 4 0 19 9 TIMBER— Kauri Timber . . . . 1 4 9 National 0 14 6 Parker-Damb .. .. 1 2 6 WOOLLENKaiapoi 0 11 0 0 Ditto (con.) .. .. 0 4 Wellington (pref) — 6 6 0 BREWERIES— C D. Innes (pref.) T 0 0 N.Z. Breweries Dtd. 2 12 0 — M1SCEDLANEOU S— Auck. Amuse. Park 0 12 6 Ditto (pref.) . . . . 0 18 0 A. .T. Eritrican 0 19 British Tobacco Bycroft Dtd Checker Taxicab .. 0 18 0 Ditto (con.) .. .. 0 G Colon. Sugar (Aus.) 53 0 Dental and Medical 0 16 Dom. Pictures . . . . Ditto (pref.) .. .. Dominion Rubber .. 7 0 Grey and Menzies . 0 12 6 Hamilton Theatre . 1 0 H.M. Arcade (pref.) Kempthorne Pros. . Milne & Chovce .. Ditto, (pref.) .. .. Ditto. B (pref.) .. Ditto (deb. stock) 1 4 Murchison Oil (20s pci.) 1 0 N.Z. Farm. Fert. . . 4 and imoev Robinson Ice Cream Sanford, Dtd .. .. Ditto, (pref.) o Taranaki Oil .. .. 0 10 0 0 ihames Theatre .. Tonson Garlick 0 15 6 9 I n ion Oil Whittome Stevenson Whitcombe & Tombs W iseman and Sons (pref.) 0 17 Ditto (ord.) .. .. 0 8 Wilsons Cement 1 14 6 1 13 9 MINING— Alburnia 0 4 q Moanatairi (con.) .. 2 Ditto (new issue) 0 0 0 1 Empire Reefs (con.) 0 0 Golden Age (paid).. 0 0 Ditto (con.) . . . . 0 ft 0 0 Kawarau . . . . 0 Komata Reefs . . . . Kuranui 0 0 6 Ducky Shot (2s pd.) 2 <4 Ditto (con.) .. .. 0 (> 3 0 1 6 Maoriland (con.) .. 0 9 Mt. Welcome (pd.) 0 0 N. Waiotahi (4s pd.) 91 Ditto (con.) . . . . 0 1 0 New Zeehan (con.) 0 1 Nonpareil (con.) 0 0 7 < »c-idental- Una (con.) 0 0 9 Oninemuiri 0 Waihi 0 IS 9 0 18 0 Waihi Grand June.. 0 1 5 0 AUSTRALIAN— Mount Dye 11 1 8 3 1 7 9 1 > EB ENT L IRES — Auckland Gas, 1932, 5 per cent . . Ditto, 192$, 6£ p.c. 99 0 Auckland Harbour Board * per cent 0 Ditto, 5J p.c 96 15 0 City of Auckland 1940, 96 0 0 Auckland Fire Board 104 0 0 100 0 0 Auck Power Bd 9S ft 0 Bor. of Devonport, 6 — 100 0 0 Bor Mt Eden 6£ — 105 0 0 N.Z. Breweries . . . . 1 4 0 1 9 N.Z. Milk Products 110 0 0 Glaxo — 88 10 0 • iD ERNM ENT BONDS— War Doan. 1930, 4J 97 10 0 Ditto, 1939, \\ p.c. — 96 10 0 Ditto. 1941. 44 p.c 96 0 0 Ditto, 1927, 5 p.c. 99 10 0 Ditto, 1933, 54 p.c. 101 10 0 100 0 Ditto, 1936, 5J p.c. — 100 15 u INSCRIBED STOCK War Doan. 1929, 5 99 0 0 98 0 Ditto, 1938, 4'. p.c. 97 5 0 96 12 6 Ditto, 1933, 5\ p.c. 101 10 0 Ditto, 10CG, 5i IhC. 101 10 0 —