Markets and Money

Sun (Auckland), Volume 1, Issue 142, 6 September 1927, Page 2

Markets and Money

A Review for Business Men

ON THE ’CHANGE

MARKET IN GOOD TONE LUCKY SHOTS IMPROVE Most sections continue in good tone on the ’Change. Banking and insurance are nrm, and sales of New Zealand and South Standard were put through yesterday afternoon. _ Coals continue in demand on a nrm market. Waipas have buyers-m at 15s 6d and no sellers. Woollens are quiet and depressed. In the miscellaneous section. Auckland Amusement Park remain strong of tone, with buyers firmed to 16s od. No sellers. N.Z. Fertilisers are weak. Lucky Shot featured in the mining section at the mid-day call, buyers improving to Is lOd for either issue. Waihis are strong at buyers, 20s; sellers, 20s 3d. Government and local body debentures command little attention. SALES REGISTERED At yesterday afternoon’s call: On ’Change.—Maoriland G.M. Company, Is 4d. Reported.—National Insurance, 765; New Zealand Insurance, 39s bd; Wellington Woollen Company (pref.), £5 17s 6d. , , , At this morning’s 10 o clock call. Reported.—Commercial Bank of Australia, 27s 9d; Northern Steam (ord.), 14s 6d. „ „ . , At to-day’s mid-dav call: Reported. —Bank of Australasia, £l4 14s 6d; Union Oil, Soap and Candle Company, 41s Cd. MID-DAY QUOTATIONS Closing, quotations at to-day’s midday call were: Sellers. Buyers.

WOOL HELD IN STORE IN N.Z. WELLINGTON, Monday. Large quantities of wool are held in store m New Zealand by various in terests, the total held at June 30 1927 tfcian S ?Mr b , Gowrnmc n> Statis-’ lb. MalC ° lm Fraser >- The quantities held by the various interests are as follows, it being pointed siell/ 1 the inrorlna 'i°n relates to physical possession of the wool and is 1 not necessarily an index a is not owned by\hese n ?n?e£sts qUanUtles Woollen°mni.s ' ho ' dirl S Permits S^./K-orhs-*•!?:!•» Shipping companies Haroour Ecara stores _ ; • ' Farmers' Wa ‘ s department • • Sm!®*! a 1.275,388 Totals ’ ~ i©-i s e- - i • • • • • • • lb,Sl4,i»6t>

IN THE MARKET PLACE

DEARER EGGS DEMAND FOR ORANGES Apples for this time of the year cheap. Pears, repacked, have firmed slightly. Oranges, in good demaiw? are steady at from 18s to 22s 6d fn the best quality repacks. Bananil to hand this week made 22s ex wharf. tht Vegetables are well supplied p„„ are slightly firmer. Ba * The Maheno yesterday brought & of about 600 cases of citrus fruit 6 * Sydney. The bulk of the shipment in bad order. The Ulimaroa brought another small parcel of cihJ. fruit from across the Tasman. The Tofua arrived yesterday with large shipment of bananas. 4 Apples meet with a quiet sale at tically unchanged prices. The market is glutted with cabbae** and cauliflowers. Most other line*!! the field and garden produce section ~2 well supplied. A large parcel of Fiji kumeras came to hand this week. Eggs are firmer as a result of a heavT inquiry from big buyers. The slight In ci ease registered is considered to be onb temporary, however. J Prices under the hammer at to-day** auctions in the City Marts ranged as follows: FRUIT Apples: Delicious, 7s 6d to 9s 6d a caseHawke’s Bay Sturmers. 9s 6d to lOaGranny Smith, 10s to 12s: Pride of Aust’ Ss to 10s 6d: Dougherty, 6s to 7s 6d’ Monroes, 8s to 10s. Pears: Nellis, 9s to 12s a case: Cole* 6s to 12s; Keiffers, 5s to 6s; Josephine’ 9s to 9s 6d; P. Barrys, Ss to 9s; vicars' 7s 6d to Bs. * Lemons: Local. 6s to 12s a case; association pack, 12s to 16s. Oranges: Aitutaki, ISs to 19s a caseSydney Navels, 19s to 22s 6d; Poormaa’a 9s to 13s. Tomatoes: Fiji, 10s a case; Tree, Ss 54 to 7s. Grapes: Sydney white, 10s to 20s i case. Bananas: Repacked, 23s to 26s a case. Mandarins: 8s to 20s a case. Pines: 19s to 21s a case. Passions: 15s to 22s 6d a case. VEGETABLES Potatoes: Southern, 7s to 7s 64 a cwt new, 2d to 4*d a lb. Kumeras: Tauranga, 12s to 14s & cwt Pumpkins: Ordinary, 5s ta ’.Ss a cwt; triumble, 10s 6d to 15s. Swedes: Is 6d to 2s & bag. Onions: Good hard firm, 4s to Ss a bag; soft, Is 3d to 2s a bag. Cabbage: Is 6d to 6s a sack. Cauliflower: 2s to 4s a sack. Lettuce: 2s to 7s a case. Rhubarb: 3s 6d to 4s 6d a do*. Spinach: 9d a bundle.

SPECIAL FREIGHT RATE

FOR ARTIFICIAL MANURE SULPHATE OF IRON INCLUDED Sulphate of iron has now been Included in the special freight rate issued by the Railway Department to cover the transportation of manure. Mr. T. H. Patterson, instructor of agriculture, states that sulphate of iron is specially efficacious in certain directions, and is quite a useful addition to soils for the purpose of helping to control fungoid diseases in plants. In lemon orchards it is particularly useful as a fertiliser. Experiments carried out at M.imaku experimental farm show that it also assists the control of tfush sickness when applied as a fertiliser dressing to farm lands. Instructions have already been issued, so that farmers will benefit by the cheaper flat rate under the regulations.

MINING NEWS LUCKY SHOT. —The manager ’ rired urgently this morning:—••Secured ten pounds picked stone from foot wall drop per. Strong gold left showing >f in th reef, which is 18 inches wide. GOLDEN AGE.—The manager reports. The drive on the main reef has mm advanced a distance of 7 feet for Uw week. We are driving through the reel to get into the hangingwall portion, whlcr looks very promising. There has he no work done on the rise for the ism week, as one of the men was sick another was engaged in putting m pipes. We have installed the fan*? 0 motor and they are running satiafacrorur This will make a great improvement the mine. LUCKY SHOT. —The manager report*; The drive on the footwall iroPP*' “J been advanced a distance of 8 I®** ~ the week, making a total distonce w feet. It maintains its width of 18 Wgj and continues to show gold freely, ing on the main reef has been a f VA, Lv. a distance of 10 feet for the weefc quartz on this face is very hara ana reef is pinched down to about 4 le®* width. There is still a lot of qusrta: «■> ing in from the hangingwall, ana tne coming to hand looks well ana is can. ing a lot of mineral. ALBURN I A.—The manager reP ort *“ follow:—The western crosscut has d** advanced from 333 - to 345 ft. The cou try, although of a blue rock nature, » a fair class for making progress. ing this week we have taken the air re ceiver from the Orlando level ana P^ c it is in the western crosscut with pip* l *" laid and completed. Stoping over tne i ‘ termediate level has beer carried on, stope now being 44ft from the back oi u» level. The reef is an average wwtn 3ft. Although very little stone has w« obtained which could be classed as P 1 stone the ore generally shows a. »• amount of colours and blotches or #9 and is a good class of general dirt, * . reef here is of a very solid nature has a good appearance for making

BANKS — £ s. d. £ s. d. Bank of Australasia — 14 12 0 Com. Bank of Aust. — 0 Nat. of Australasia 17 3 2 18 New Zealand . . . . 0 Ditto (10s paid) . . 0 16 Ditto (20s paid) .. Union of Australia. — INSURANCE— 2 0 0 1 19 6 South British .. . - 2 18 6 LOAN AND AGENC1 — Farmers’ Co-op. — 2 14 0 Ditto (A pref.) . . 0 18 Ditto (B pref.) .. 0 15 3 Newton King (pref.) 0 14 0 N.Z. and River Plate 1 7 6 1 6 N.Z. Loan and Mere. Ditto (pref.) .. .. N, Auck. Farmers’ (B — 80 0 0 pref.) — 0 5 6 COAL— Renown (con.)-. .. 0 7 0 G 6 Hikurangi 0 3 7 0 3 3 Ditto (pref.) .. .. 0 7 9 0 7 0 Ditto (A pref.) .. 0 6 0 6 0 Taupiri 1 5 1 4 9 Ditto (pref.) .. .. 1 3 6 Waipa GAS— “ 0 15 6 Auckland 1 3 0 1 2 6 Ditto (con.) .. .. Birkenhead and 0 17 0 0 16 9 Northcote 0 16 0 — Ditto (pref.) .. .. 1 0 0 — SHIPPING — Devonport Steam .. 1 4 3 Huddart-Parker 2 7 0 2 6 9 Ditto (pref.) .. .. 1 1 0 1 0 3 Northern Steam . . 0 14 3 Ditto (con.) .. .. 0 7 0 0 6 P. & O. (def. stck.) 286 0 0 Union Steam (pref.) TIMBER— 1 0 3 Kauri Timber . . . . 1 5 0 National 0 15 0 0 11 9 Taupo Totara .. .. WOOLLEN— 0 17 0 Wellington (pref.) . BREWERIES— 6 5 0 6 15 0 C. L. Innes (pref.).. 1 0 0 N.Z. Breweries.. .. — 2 2 6 MISCELLANEOUS— Auck. Amuse. Park. 0 14 6 Bycroft, Ltd 1 11 0 1 9 6 Checker Taxicab . . 0 19 6 Colonial Sugar (Aus.) 52 0 0 Dental and Medical 0 16 0 Dominion Pictures . Ditto (pref.) .. .. Electro. Zinc (pref.) 1 10 0 Gear Meat Co. Hill and Plummer . . 1 2 6 H.M. Arcade (pref.) Lewis R Eady & — 1 0 0 Son, Ltd. (7 p.c. B pref.) 1 1 0 Milne and Choyce . . 1 4 Ditto (pref.) . . . . Ditto (B pref.) .. Murchison Oil — 1 4 0 (20s paid) Farmers’ Fertiliser. 6 3 13 N.Z. Paper Mills .. N.Z. Refrigerating . 0 14 Northern Boot .. 0 Pliillipps and Impey Robinson Ice Cream Sanford, Ltd Ditto (pref.) .. . 1 1 Thames Theatre 1 0 0 Tonson Garlick 0 11 Union Oil Whittome Stevenson W ilsons Cement .. 1 15 6 MINING— Alburnia Moanataiari (pd) 0 2 Ditto (con.) .. .. 0 1 11 Empire Reefs (con.) Golden Age (con.) . 0 0 kawarau Ivomata Reefs .. . . Kuranui Lucky Shot (2s pd.) Ditto (con.) .. .. 0 2 6 0 1 10 10 Maoriland (con.) Majestic New Waiotahl (4a 0 0 5 0 0 3 paid) Ditto (con.) .. .. 0 1 1 0 0 10 Ohinemuri aihi 1 0 Waihi Grand June. DEBENTURES— Auckland Gas, 1928, 0 1 6 0 1 63 P.c Auckland Harbour 101 0 0 99 0 0 Board, 4 p.c. . . Ditto, 5 h p.c Ditto, 5J p.c. . . . 101 0 Ditto, 6 p.c City of Auckland. — 102 0 0 1940, 5J p.c 95 0 Q Bor. of Devonport. Ditto. 4J p.c. 92 0 100 0 0 Borough of Mount Albert, 6 p.c. N.Z. Breweries .. . . 0 GOVERNMENT BONDS War Loan, 1930, Ditto, 1938, 41 Ditto, 1939, 4J . . 96 10 0 INSCRIBED STOCK War Loan. 1929, 5 * Ditto, 193S. 4J . 0 Q Ditto, 1933, 5£ .. Ditto, 1936, 5i 100 15 0 100 5 100 5 6 0