Markets and Money

Sun (Auckland), Volume 1, Issue 88, 5 July 1927, Page 2

Markets and Money

A Review for Business Men

ON THE ’CHANGE

MOANTAIARIS WEAKER INSURANCE AND BANKS DULL Moanataiaris were again featured this morning. At the mid-day call, however, the tendency was downward, sales being put through at the morning call at first call for 3s 3d, and the market falling to see a sale at 2s lOd before closing at mid-day. Sellers for this issue now ask 2s lOd and buyers have withdrawn to 2s 9d. The banking and insurance section registers a weakening tendency. New Zealand Breweries debentures have weakened to see a sale at £ 1 3s 6d. Buyers for the ordinary scrip offer £2 10s. bALtb KtbliltKtU At yesterday afternoon’s call: On ’Change: New Zealand Refrigerating (con.), 5s 9d: Lucky' Shot (con.), Ifi lid. Reported: Commercial Bank of Australasia (pref.), £6 19s: South British Insurance. £2 18s: Auckland Gas (ord.), £1 3s 7d; Majestic G.M.. 6d: Borough of Eden (deb.), 5f per cent., £lOl. At this morning’s 10 o’clock call: On

’Change: Moanataiari (con.), 3s 3d. At to-day’s mid-day call: On ’Change: Moanataiari (con.). 3s and 2s lOd: ditto (new issue), Is lid. Reported: New Zealand Insurance, £1 19s 3d: Renown Collieries, 6s; New Zealand Breweries (deb.), £1 4s. MIU-UAY UUUIAIIUNb

SOUTHERN EXCHANGES Christchurch: On ’Change—N.Z. Gov- ? 9?4 ne £ini 5 iL. c lnscribed Stock, £l s l Scottish and Australian Bank, £8 os (2 parcels). Dunedin: On ’Change—Molyneux Electric, 245. Reported—Milburn Lime, 275.

IN THE MARKET PLAq

FRUIT MARKET DULL DEMAND FOR EGGS With practically all varieties 0 f sonal l'ruit and produce in good am*}, there is little notable movement the city auction marts. Island and citrous fruits meet or with a moderate demand and 1 remain at a comparatively low i ev^ Hothouse tomatoes are firmer price. Apples and peaxs, though i n condition and ample supply, with a dull sale even at lower valu^ Field and garden produce meets with a steady demand at prices well witfcjj the range of the average housewife Ai* increased demand setting in jj. eggs has resulted in a short market, and this morning many storekeeper, were put on a ration. The market advanced to 2s 2d and 2s 3d a dozen for both hen and duck eggs. ‘ Prices under the hammer in the city auction marts this morning ranged follow: FRUIT Apples.—Delicious, 6s to 9s a ease Monroes. 8s to 8s 6d; Ballarats, 8g *: 9s; London Pippin. 5s to 7s; Brighton*' 6s to 6s 6d: Stunners, 6s 6d to 8a « Doughertys, 4s to 6s 6d; Jonathan, fa 77 8s 9d. Pears.—Josephine, 7s 6d to Ss 6d; Nelli, and Coles, Ss to 9s; Keiffers, 7s to 7s Vicars, 7s; Beurre Diel, 5s to 6s; Beurrj Bose, 6s to 6s 6d. Grapes.—Hothouse, Is lOd to 3s 6d a lb Sydney White, good condition lfa, bk: order 5s to 7s. Cape Gooseberries.—3d per lb. Tomatoes.—Hothouse. 6d to Is Id a lb Tree Tomatoes.—4s to 6s a box. Lemons.—Local, 6s to 10s a case. Poorman Oranges.—6s to 8s a case’ Guavas.—6s 6d to 7s 6d a case. Passions.—Ss to 10s a case. Oranges.—Rarotonga, 14s 6d to 15s «d a case; Sydney Travels, 12s 6d to lfc; American, 345. Grape Fruit.—American, 355. Bananas. —Repacked, 6s to 20s a cast VEGETABLES Potatoes.—Southern, 7s to Ss a cwt. Kumaras.—Tauranga, 11s to 13s a ewt. local, 4s to 6s bag. Pumpkins . —Crown and Trumble, 4s id to 7s 6d a cwt. Swedes.—ls 3d to Is 9d a bag. Onions.—Best quality, sound, 6s to 7s a cwt; soft, Is fid to 2s a bag. Cabbage.—2s to 8s a sack. Cauliflower.—4s to Ss a sack. Citron Melons.—6s 6d to 8s 6d a cwt. Lettuce.—ls to 4s a case. Rhubarb.—3s to 4s dozen bundles. Spinach.—!)d to Is dozen bundles*

SMITHFIELD PRICES

OFFICIAL QUOTATIONS Under date July 1 the London offica of the New Zealand Meat Produce!*’ Board advise the following SmithfleW delivered prices:— New Zealand Wethers and Maiden*.— Canterbury quality: Selected brands, sflb and under, 6 1-Sd per lb; 571 b to 641 b, ssd; 651 b to 721 b. 4 5-Bd. Other brand*, 561 b and under, 5 7-8 d; 571 b to 641 b, fid; 651 b to 721 b, 4Jd. New Zealand Ewes. —641 b and under, 4 l-Bd. New Zealand Lambs.—Canterbury quality: 361 b and under. 9 l-8d; 371 b to 421 b, 8 l-8d; 431 b to 501 b. Sd; second* 5 3-Bd. Selected brands, 361 b and under. 9d; 371 b to 421 b. 8 1-Sd. Other brand?: First quality, 361 b and under, 8 5-M; 371 b to 421 b, Bd. Sound second quality, 301 b to 321 b, average, 8 5-Bd. Argentine Lambs. —First quality: 361 b and under, Sd; 371 b to 421 b, 7 1-Sd. Argentine Chilled Beef. —Ox fores, 3 7-Sd; hinds, 7id. , _ . . . Argentine Frozen Beef.—Ox fores, * 1-Sd; hinds, 6Jd. .... Frozen Pork.——Bolb to 1201 b, Sfid, 1201 b to 1801 b, 7Jd. _ Lamb.—Tone of market is better. Consumption is good in spite of adverse weather. . . Mutton * Market. —Pemand quiet nut firm. Owing to better prices for beej. there are more inquiries for ewe mutton.

MINING NEWS

LUCKY SHOT. —The manager wired yesterday:—When breaking down No. * reef, secured 101 b. picked stone. MOANATAIARI. —A fine block Of quartz from the centre of the 4ft reel now being worked upon in the Moanataiari mine lias been brought Mr. H. H. Adams, who has been visitlM Thames. The block shows gold ana there are generous dabs distributee through the ore. Ruby silver as well ah a little copper are also to be seen, in® specimen comes from a. new reef wmen has not yet been named. It has *>««“ driven upon 18ft from the bottom of tne winze, and has shown gold all the wa._ There are 120 ft of backs before the wgj level will be reached. The reef is iuu80ft above the old Moanataiari tunnel but some distance from its course. MOANATAIARI.—The manager reports for the week ending July 2:—The^irlvejin the -reef from the bottom of No. 2 wmw has been extended 14ft, a total of The reef here averages 3ft. wide, ana was a solid body of quartz, which I<>°** very promising. In going down every day strong colours and dabs of s®*" were seen. This is all the work that na been done here this week, as I want W connect with the No. 1 winze, so that 1 will be able to lower the pumP before I can sink No. 2 winze any fup ther. By the end of next week this wont should be completed and sinking again started. I have also had two men cleaning out and repairing the level in tne Inverness croSftcut. There is a lot 01 mullock to truck out of this level aheaa of No. 9 reef. During the week I h aV ® crushed at the battery 16 tons of cle*” quartz for a return of ~260z. 14dwt. of coin water squeezed amalgam.

Closing quotations at to-day's midday call were: — Sellers. Buyers. BANKS— £ 8. d. s. d. — 14 13 0 Com., Bank of Aus. 1 10 0 I Ditto (pref.) .. .. 7 1 45 17 6 5 19 0 2 Ditto (10s paid) . . 0 17 0 5 "Union of Australia 15 14 — rNSlJRANCE— National 3 New Zealand . . 1 19 South British . . . . 1 18 6 2 LOAN AND AGENCY— Abraham and Williams 4 Farmers’ Co-on. Auc. 3 10 Ditto (B pref.) . . 0 16 Goldsbrough. Mort . 2 6 Newton King- (pref.) 0 14 0 N.Z. Guar. Corp. . . Loan and Merc. .. 90 0 0 N. Auck. Farmers’ Co-op. (B pref.) . 0 8 6 — COAL— Renown Collieries . 0 6 3 0 5 G Hikurangi (pref.) .. 0 5 6 Ditto A (pref.) Pukemiro Collieries Taupiri Westport 1 14 0 1 13 9 GAS— — 1 3 5 0 17 3 0 17 Birken. & Northcote 0 17 0 — Wellington — * SHIPPING—

Devonport S. Ferry 1 5 6 1 4 6 Huddart-Parker S 0 Ditto (pref.> .. .. Northern Steam 0 14 Ditto (con.) .. .. 0 7 0 Union Steam (pref.) 1 0 4 0 10 TIMBER— Bartholomew .. 1 0 6 1 4 0 Leyland-O’Brien. . .. Parker-Lamb .. .. 1 2 6 — WOOLLEN— Kaiapoi 0 11 0 0 9 9 Wellington (pref.) .. — BREWERIES— C. L. Tnnes (pref.).. 1 0 0 ft N.Z. Breweries, Ltd. J. Staples and Co.. . 1 19 6 MISCELLANEOUS— Auck. Amus. Park. 0 10 ft 0 S 0 Ditto (pref.) .. 0 18 A. .T. Entrican & Co. 0 19 British Tobacco.. .. 2 13 ft 12 6 Bycroft, Ltd 1 Ditto (con.) .. .. 0 7 6 0 9 Colonial Sugar (Aus.) 51 0 50 Ditto (pref.) .. .. 1 0 0 Dominion Rubber Co. 2 0 Ti Gear Meat Co 1 Grey and Menzies.. 0 12 6 Henry Jones Co-op. H.M. Arcade (pref.) 1 0 Milne & Choyce .. 1 Ditto, (pref.) .. .. Ditto. B (pref.) .. 1 4 ft Ditto (deb. stock) Murchison Oil Co. 1 4 0 1 3 6 (20s paid) 1 1 0 N.Z. Fertiliser . . . . 4

N.Z. Refrigerating- . . — 0 14 9 Phillipps and Impey Robinson Ice Cream 1 0 1 2 0 Taranaki Oilfields . . 0 9 0 Thames Theatre . . 1 0 0 0 15 0 0 1?, 0 Union Oil 2 1 0 1 Whittome Steven2 6 0 2 2 6 0 S 6 Wilsons Cement .. 1 14 0 1 13 6 MINING— Alburn ia 0 4 2 0 3 10 Moanataiari (con.) . 0 2 10 0 2 9

Ditto (new issue) . 0 2 0 0 1 9 Empire Reefs (con.) 0 0 8 Golden Ape <pd.) .. 0 Ditto (con.) . . . . 0 5 0 1 4 Komata Reefs .. .. 0 0 3 Kuranui 0 0 fi Ducky Shot (2s pd.) 0 0 0 Ditto (con.) .. .. 0 0 0 1 9 Maoriland (con.) 0 1 8 Majestic 0 0 10 0 0 Mt. Welcome (pd.) 0 0 New Waiotahi (4s paid) 0 1 0 Ditto (con.) .. .. 1 0 0 0 s Nonpareil (con.) . 0 0 Oocidental-L na (con.) 0 0 s* 0 0 7 Ohinemuri 0 4 9 4 0 Waihi 0 19 3 0 18 0 Waihi Grand June. 0 1 7 0 1 3 AUSTRALIAN — Mount Lyell 1 8 6 1 7 9

• I5HRNTI KES— Auckland Gas, 1928, 61 per cent. 99 0 0 Auckland Harbour . Board, 4 per cent. 85 0 0 Ditto, 5J per cent. 98 D 0 Ditto, 6 per cent 102 0 0 City Auck., 1943, 5-. 98 0 Q Auck. Power Bd. . . 98 0 ft Auck Hospital Bd. 55 98 0 0 Auck Board. 6 104 0 0 100 Bor of Devon port. 6 100 0 0 Ror. Mt. Eden, 6 . . 104 0 0 102 0 Bor. of Hamilton, 6 104 0 0 X.Z. Breewries .... 1 4 0 Glaxo — 88 id 0 < JOVERNMENT BONDS— War Loan. 1930, 45 .. 9.7 Ditto. 1938. 45 p.c. — 96 Ditto, 1939, 41 p.c. Ditto, 1941, 45 p.c. Ditto, 1933, 55 p.c. — 100 Ditto. 1936, 55 p.c. — 101 0 0 INSCRIBED STOCK— War Loan. 1929, 5 Ditto, 1S38, 41 p.c. Ditto, 1939. 41 p.c. Ditto, 1927-41, 51 — 9 $ 0 0