Markets and Money

Sun (Auckland), Volume 1, Issue 91, 8 July 1927, Page 2

Markets and Money

A Review for Business Men

ON THE ’CHANGE

MARKET IN GOOD TONE MOANATAIARIS ACTIVE While little actual business was recorded on the 'Change this morning there is a good tone in the market, Government and local body bonds and debentures being in good demand wit a Southern buyers operating freely. In mining Lucky Shot have weakened to see a sale of the contributing scrip at Is lOd. Moanataiaris remain active with sellers at the mid-day call quoting 3s 3d. and buyers 3s. Alburnias are idle and depressed. Business continues to be recorded in N.Z. Insurance, and* South British scrip is passing freely on a firm market. SALES REGISTERED At yesterday afternoon’s call: —On ’Change: Moanataiari (con.), 3s 2d. Reported: N.Z. Insurance, £ 1 79s 3d; South British Insurance, £2 ISs; Taranaki Oils, 8s; Lucky Shot (con.), Is lOd. At this morning's call: —Reported: Union Bank, £ls 12s 6d; Moanataiari (con.). 3s 3d. At the mid-day call: —Moanataiari (new issue), Is lid. MID-DAY QUOTATIONS Closing quotations at to-day's midday call were: Sellers. Buyers.

BIG CROPS IN CANTERBURY

EVIDENCE FROM RAILWAYS (Special to THE SUN.) WELLINGTON, To-day. Evidence of the exceptionally cereal harvests in Canterbury are profigures- the followin S railway A total of 71,494 sacks of wheat barley, and oats was carried in Northern Canterbury during the four eo 6 ??? ended June 25, an increase of -8,811 sacks on the corresponding period last year. h

IN THE MARKET PLACE

FIJI BOAT NEXT WEEK GLUT OF ONIONS Apples are meeting with a better demand in the city marts, though pears still remain dull of sale. A shipment of Australian fruit came to hand ex the Maheno on Tuesday. This will have to last for at least a fortnight as no Sydney fruit is expected next week. Stocks of bananas will be supplemented on Monday next by the arrival of the s.s. Tofua. The Waipahi from the Cook group is due about July 19. During the week a small consignment of Cook Island tomatoes came to hand ex Wellington and made from 10s to 13s a 221 b case. There is a slightly better demand for lemons. In the field and garden produce section inferior quality onions are a glut on the market, and difficult to quit even at bedrock prices. All other seasonal vegetables are well supplied. The potato market is slightly easier as a result of a weakening of values in the South. A good demand is experienced for eggs and butter, and eggs make from 2s 2d to 2s 3d a dozen, while good farmers’ butter makes up to Is 4d a lb. Well-bred and prime young poultry coming forward in restricted numbers meet with a firm mrket Poor quality birds are slow of sale. Prices under the hammer in the city marts to-day ranged as follow: FRUIT Apples.—Delicious, 9s to 9s 6d a case: Stunners, 6s 6d to Ss 6d; Monroes, 7s 6d to 9s; Ballarats, 8s to 9s; Doughertys, os to 7s; Lord Wolseys, 6s to 7s 6d. Pears. —Nellis and Coles, 7s to 10s a case; P. Barrys 6s to 8s; Vicars, 6s to 7s; Josephine, Ss to Ss 6d; Keiffers, 6s bd to 7s 6d. Lemons. —Local, 6s to 10s a case; cured. 10s to 14s. Tomatoes. —Hothouse, 9d to Is 3d a lb. Tree Tomatoes. —3s 6d to 6s a case. Passions.—Bs to 12s a case. Grapes.—Sydney White, to 16s a case; hothouse C.olman, Is 4d to 2s lid a lb. Oranges.—Rarotongan. 14s 6d to los bd a case; Aitutakis, 16s 6d: Sydney Navels, 11s to 15s; American, 325; Poorman, 6s to 9s. Bananas. —Repacks, 8s to 15s a case. Grapefruit.—Australian, 12s to lbs a —Australian, 10s to ISs a case. VEGETABLES Potatoes.—Southern, 7s to 7s 6d a cwt. Kumeras. —Tauranga. 10s to 12s 6d a cwt; local, 4s to 6s a. bag. Pumpkins.—Crown and Trumble, os to 7s 6d a cwt. Swedes.—ls 6d to 2s a bag. Onions. —Soft, Is to 2s a bag; good firm. 3s to 3s 9d a bag. Cabbage.—2s to 7s 6d a sack. Cauliflower. —4s to 7s a sack. Citron Melons. —7s to 9s a cwt. Lettuce. —Is to 4s a case. Rhubarb. —3s to 5s dozen bundles. Spinach.—9d to Is dozen bundles. POULTRY Cockerels. —Heavy, 6s to 7s 9d; lighter, 4s 6d to 5s 9d; light, 2s 6d to 3s 6d. Hens.—Heavy, 3s 9d to ss; lighter, os to 3s 6d. Roosters. —3s to 3s 6d. Ducks. —4s to ss. Young Ducks. —6s to 7s. Young Drakes. —3s 3d to 4s 3d. Pullets, about to lay. —7s to Bs. Pullets, Backward. —3s to 4s. Muscovy Ducks. —4s 6d to ss._ Muscovy Drakes.—ss Id to os Ju. Goblers. —11s to 16s. Turkey Hens. —6s 6d to 8s 6d. Geese. —4s 6d to 6s 6d.

CONSOLS AND COLONIAL STOCK

By Cable. —Press Association. —Copyright Reed. 9.5 a.m. LONDON, Thursday. July 7. June 30. £ s. d. £ s. d. Consols 54 5 0 54 5 0 British War Loan, 3« p. c 100 5 0 100 2 6 British War Loan, 5 p.c 101 0 0 100 17 6 Conversion Loan, 37 p.c 76 0 0 75 17 6 Commonwealth Aust. 5 h P.c., 1922-27.. 97 12 6 98 2 6 Commonwealth Aust. 6 p.c., 1931-41 .. 103 15 0 103 10 0 Victoria, 3, 1929-49.. 70 15 0 71 0 0 Victoria, 37, 1929-49.. 76 15 0 77 0 0 Victoria, 57, 1930-40.. 101 15 0 101 12 6 Victoria, 5, 1932-42 .. 98 15 0 98 12 6 Victoria, 4?, 1940-60.. 94 15 0 93 2 6 New South Wales, 4 p.c., 1933 93 2 6 92 15 0 New South Wales, 3 p.c., 1935 75 0 0 75 0 0 New South Wales, 3} p.c., 1930-50.. . . 84 17 6 84 10 0 New South Wales, 52 p.c., 1922-32.. ..101 0 0 101 0 0 New South Wales, 6 p.c., 1930-40.. .. 101 15 0 101 7 6 Queensland, 3} p.c., 1930.. . v . 94 17 6 95 0 0 Queensland, 3 p.c., 1922-47 70 5 0 70 5 0 Queensland, 6 p.c., 1930-40 101 0 0 103 0 0 New Zealand, 4 p.c., 1929 98 2 6 98 2 6 New Zealand, 37 p.c., 1940 86 5 0 86 0 0 New Zealand, 6 p.c., 1936-51 106 11 2 109 0 0 South Australia, 3* p.c., 1939 83 0 0 83 0 0 South Australia, 3 p.c., 1916 or after 59 5 0 59 5 0 South Australia, 6£ p.c., 1930-40 .... 102 5 0 104 12 6 Tasmania, 3} p.c., 1920-40 83 10 0 83 10 0 Tasmania, 3 p.c., 1920-40 76 5 0 70 0 0 Tasmania, 67 p.c., 1930-40 103 0 0 104 12 6 West Australia, 3}

p.c., 1920-35’ .... 88 17 6 88 10 0 West Australia, 3

p.c., 1915-35 .... 85 10 0 85 0 0 West Australia, 6 p.c., 1930-40 .... 101 2 6 100 17 6

FOREIGN EXCHANGES

By Cable. — Press Association.—Copyright Reed. 9.5 a.m. LONDON, Thursday. Foreign rates of exchange on July 7, as compared with par rates, or as averaged first half of 1914, are:— July 7. June 30. Par. Brussels, franc. 34.91 34.95 25.22} Paris, franc . . 124.00 124.00 25.22} Stockholm, kr.. 18.14 18.12 18.12 Oslo, kr. . . . 15.78 18.79 18.12 Copenhagen, kr. 18.17 18.17 18.12 Berlin, r.m. . . 20.45 20.49 Rome, lire. . . 88.93 87.88 25.22} Calcutta, pence 17 23-32 17 29-32 24 Yokohama, pee. 23 3-8 23 5-16 24.43 Hongkong, pee. 24 1-8 24} 24 Montreal, dol. . 4.86 3-16 4.86 3-16 4.866 New York, dol.. 4.557 4.85 3-8 4.866 Amsterdam, fl. 12.11 7-S 12.12 1-8 12.107 Batavia, fl. . . 12.12 12.11 7-8 —A. and N.Z.

AUSTRALIAN PRODUCE

By Cable.—Press Association.—Copyright SYDNEY, Friday. The following are to-day’s quotations on the Sydney produce market: Wheat. —At country stations. 4s 10£d; ex truck at Sydney, 5s 6d. Flour. —Export, no business reported; local, £l3 ss. Bran and Pollard.— £7. Oats. —Tasmanian Algerian, 5s 3d: white, ss. Maize.—Yellow, 5s Bd. Potatoes. —Tasmanian, £5 10s to £ 7 10s. Onions.—Victorian,* £ 6 10s to £7. Adelaide prices are: Wheat. —Growers’ lots, 5s sd; parcels, nominally, 5s 8d to 5s B}d. Flour. —Bakers’ lots. £l4 2s 6d. Bran.— £6 10s. Pollard.— £5 15s. ..Oats. —3s 9d. —A. and N.Z.

BANKS — £ a. d.' £ s. d. — 14 34 0 Com. Bank of Aus. 1 10 9 Ditto, (pref.) .. ■ - 2 Nat. Bank of N.Z. 18 17 New South Wales .. 4G 0 45 N»“W Zealand . . 2 Ditto (10s paid) . . Union of Australia. 15 13 INSURANCE— — 3 13 0 New Zealand South British . . . . 2 2 11 LOAN AND AGENCY— Abraham and Williams 4 0 Farmers’ Co-op. Auc. Ditto (B pref.) Colclsborough, Mart. 2 Newton King tpref.) 14 — Ditto, (pref) N. Auck. Farmers’ Co-op. (B pref.) . COAL— — 0 5 6 Hikurangi (pref.) .. — 4 Ditto (A pref.) .. 3 3 Taupiri 1 3 Ditto (pref.) .. .. Waipa — GAS — 1 4 0 1 3 4 Ditto, (con.) . . . . 0 17 Birken. & Northcote Wellington — SHIPPING— Huddart-Parker 2 S 0 2 7 6 Ditto (pref.) .. .. Northern Steam 0 14 Union Steam (pref.) 1 0 3 TIMBER— Bartholomew . . 1 0 0 — 4 National Parker-Lamb .. .. — WOOLLEN— Kaiapoi 0 11 0 0 9 9 Wellington (pref.) .. — BREWERIES— C. D. Times (pref.).. 1 0 0 — N.Z. Breweries, Ltd. 2 9 2 2 MISCELLANEOUS— Auc.k. Amus. Park. 0 10 0 0 9 0 Ditto (pref.) .. .. 0 18 A. J. Entrican & Co. British Tobacco 2 Checker Taxicab .. — 5 Col. Sugar (Aus.).. 51 Dental and Medical Dominion Pictures.. Ditto (pref.) .. .. Dominion Rubber Co. Electrolytic Zinc (pref.) 15 Grey and Menzies.. 0 12 6 Henry Jones Co-op. Hill and Plummer.. 1 H.M. Arcade (pref.) Kempthorne Prosser 5 — Milne & Choyce .. Ditto, (pref.) .. .. Ditto. B (pref.) .. Ditto (deb. stock) 1 4 Murchison Oil Co. (20s paid) 1 N.Z. Fertiliser . . . . 4 Phillipps and Impey Robinson Ice Cream Sanford. Ltd Ditto (pref.) .. .. 1 0 Thames Theatre .. 0 19 0 0 13 Union Oil 1 0 1 6 0 2 2 Wilsons Cement 1 14 3 1 13 MINING— Alburn ia 0 4 2 0 3 10 Moanataiari (con.). 0 3 3 0 0 Ditto (new issue). 0 0 Empire Reefs (con.) 0 0 8 Golden Age (pd.) .. Ditto (con.) . . . . 0 Kawarau 0 1 2 0 1 0 Ivomata Reefs .. .. 0 0 3 Kuranui 0 0 6 Lucky Shot (2s pd.) 0 2 0 1 10 Ditto (con.) .. .. 0 2 0 0 1 Maoriland (con.) 0 1 5 Majestic 0 0 6 0 0 2 Mt. Welcome (pd.) 0 2 0 New Waiotahi (4s paid) 0 1 0 Ditto (con.) . . . . 0 0 10 0 0 s Occidental-Una (con.) 0 0 9 0 0 7 Ohinemuri 0 4 9 0 4 0 "Waihi 0 19 0 18 Wailii Grand Juno. — 0 1 3 AUSTRALIAN— Mount Lyell .. .. 1 S 6 1 8 0 DEBENTURES— Auckland Gas, 192S 65 per cent. 99 0 0 Auckland Harbour Board, 4 per cent. 85 0 0 Ditto, 55 per cent. 98 0 0 Ditto, 6 per cent 102 0 0 City of Auckland 1940, 5$ per cent. 96 0 0 Ditto, 1943, 51 . . 98 0 0 Auck. Power Bci. . . 98 0 Auck Hospital Bd, 55 98 0 Auck. Fire Board, 6 104 0 0 100 0 0 Bor. of Devonport. 6 100 0 0 Bor. of Mt. Eden, 6 104 0 0 102 0 0 Bor. of Hamilton, 6 104 0 0 100 0 Bor. of Gisborne, 5£ 97 0 0 N.Z. Breweries . . .. 1 3 Glaxo — 88 id o GOV ERNMENT BONDS— War Loan, 1930. 4i 97 10 0 Ditto. 1933, 4* p.c. — 0 Ditto, 1933, 5.'. p.c. — 100 Ditto. 1936, 5| p.c. — 101 0 0 INSCRIBED STOCK War Loan, 1929, 5 Ditto, 1938, 41 p.c. 97 0 0 Ditto, 1939, 45 p.c. Ditto. 1927-41, 51 Ditto, 1933, 55 p.c. 101 10 0 101 0 0