Markets and Money

Sun (Auckland), Volume I, Issue 150, 15 September 1927, Page 2

Markets and Money

A Review for Business Men

ON THE ’CHANGE MINING ACTIVE WAIPA COALS AT 15/9 Banks are in good tone with Australasias being done on a slightly firmer market. Coal shares are firm with steady buyers. Waipas have improved to see a sale at 15s 9d. Mining is active, though attention is chiefly directed to Waihis and Occidental Una. The former registered a slightly weaker tendency this morning. Occidental improved from a sale yesterday afternoon at Is 2d to Is s£d this morning with buyers at Is 5dL SALES REGISTERED At yesterday afternoon’s call.—On ’Change: South British Insurance, 58s; Waihi, 235; Lucky Shot (con.). Is lid and 2s; Occidental Una (con.). Is 2d. Reported: Huddart-Parker, 475; Alburnia, 3s. At this morning’s 10 o’clock call. — Oil ’Change: National Bank of Australasia, £l7 Is; Hikurangi Coal (ord.), 3s Id; Electrolytic Zinc (ord.), 27s 6d; Occidental Una, Is 3d. At to-day's mid-day call. —On ’Change: South British Insurance, 57s 9d; Waipa Coal, 15s 9d; Golden Age Gold Mining Co. (con.). l£d. Reported: Bank of Australasia, £l4 15s; Auckland Gas (ord.), 235; Auckland Gas (con.), 17s; Occidental Una (con.), Is 5d and Is s£d. MID-DAY QUOTATIONS Closing quotations at to-day’s mid-

BEEF MARKET FIRM AT ADDINGTON LIGHTER ENTRIES CHRISTCHURCH. Wednesday. Entries were rather light at to-day’s Addington market and the sale was a very satisfactory one to venders. Fat cattle sold at better prices taan last week, fat sheep maintained recent values, and store sheep also met with a firm demand. Spring Lambs.—The entry ot’ 3S averaged from C2s to 46s Id, the majority realising over 355. Store Sheep.—The best of the ewes, wethers and hoggets sold well, but backward sorts barely made the same prices as last week. Ewes and lambs met with a good sale. Aged awes made 15s to 17s 6d; failing-mouthed halfbred ewes, 2Ss 3d; aged ewes and lambs. 13s t>d to ISs (all counted): low-conditioned soundmouthed ewes, 23s 3d; two and fourtoothed halfbred wethers, 31s to 33s 3d; four and six-toothed halfbred wethers, 30s to 335; inferior four and six-toothed halfbred wethers. 2<3s 9d to 2Ss 6d; crossbred wether hoggets. 19s lOd to 20s lOd; halfbred wether hoggets, 19s lOd to 20s lOd; crossbred ewe hoggets. 25s 4d to 26s 4d. Fat Sheep.—Outside sheep included several Southland lines, and a good proportion from Sou tlx Canterbury. These offerings topped the market. The sale varied by 2s to 2s 6d a head, but die market was as good as last week's. Extra prime wethers made 49s to 53s Id; prime wethers, 43s to 475; medium wethers, 36s to 425; light wethers, 33s to 35s 6d; extra prime ewes. 39s to 45s lOd: prime ewes, 34s 6d to 3Ss; medium ewes, 29s to 345; light ewes, 25s 6d to 2Ss 6d; prime hoggets, 34s to 44s lOd; medium hoggets, 29s to 335.

Fat Cattle. —A small entry of 455 head. Values were up on last week by over 20s a head in the earlier part of the sale, but lost this advance in the later stages. Choicest beef made in a few cases 50s as 1001 b; medium-weight prime, 45s to 4Ss; medium quality, 42s to 44s 6d; heavy beef, 38s to 425; ordinary cow beef, 37s to 40s; and inferior, 30s to 355. A truck of Southland bullocks averaged £2l Us 9d; a Manawatu line of 42 steers, £IS Is; a South Otago draft of 25 cows and heifers, £l4 ss; extra heavy prime bullocks realised up to £2l 17s 6d; prime heavy steers, £l7 10s to £2O; me'diumweight steers, £ls tp £l7; light steers, £ll Is to £l4 10s; extra prime heifers, to £lB 2s 6d; prime heifers, £l3 10s to £ls 10s; medium heifers, £ll to £l3; light heifers, £8 to £lO 10s; extra prime cows, to £lB 7s 6d; prime cows, £l3 5s to £ls ss; medium cows, £lO 10s to £l3; light cows, £9 to £lO ss; aged cows, £7 to £8 15s.

Vealers.—Good calves sold well. Twelve to IS-months-old calves, to £8 2s 6d; vealers, £3 to £6 10s; others, 10s to 455. Store Cattle.—Two pens of three-year station steers made £ll 2s 6d; two to three-year steers, £6 15s to £S; two-year heifers, to £3 15s.

Dairy Cows.—Values were down by up to 40s a head. Best second to fourth calvers made £6 to £8; others, £2 10s to £5 15s; heifers, £3 to £7. Fat Pigs.—Porkers sold at an advance. Most of the baconers were too heavy for the trade and sold at easier values. Choppers brought £3 to £5 ISs 6d; light baconers, £3 to £3 7s; heavy baconers, £3 15s to £4 4s 6d (average price a lab, 4sd to 65d); porkers, 43.3 to 535; heavy porkers, 57s to 62s (average price a lb, 7id to 9d). Store Pigs.—A very heavy entry met with a dragging sale. Weaners made 15s to 425; large stores, 34s to 425; sows in pig, to £4 15s. COUNTRY STOCK SALES The N.Z. Loan and Mercantile report holding sales during the past week at Westfield, Papakura, Clevedon, Warkworth and Pukekohe. Pig sales were also held at Pukekohe and Waiuki. The firm quotes:— Best dairy cows and heifers, £lO to £l4 10s; other ditto, £6 to £9 10s ; aged cows and inferior heifers, £3 to £5 10s; bulls, £2 10s to £ls 15s, according to age and quality; empty cows and heifers, £2 10s to £4 12s 6d; yearling heifers, best Jersey, £4 10s to £6 ss; other Jersey heifers, £2 15s to £4 7s 6d; other breeds yearling heifers, best, £3 to £4 10s; others, £1 10s to £2 17s 6d; yearling to 18-month steers, £2 10s to £4 ss; 2 to 2i-year steers, £4 7s 6d to £5 ss; 3 to 31-year ditto, £5 10s to £6 7s 6d; 4 to 4?.year ditto, £6 10s to £7 7s 6d; grown steers in forward condition, £7 10s to £S 8s; store hoggets, £1 to £1 4s: ewes with lambs, £1 5s 6d to £1 10s 6d. Fat sheep, cattle and pigs were easily on a par with Westfield quotations. There is a keen demand for store pigs, values for these being in sellers’ favour. WAIKATO STOCK VALUES STORE PIGS FIRMER An average yarding of most classes of stock came forward at the Frankton sale this week. The Farmers’ Co-operative Auctioneering Company reports a good entry of beef, with values on a par with late rates. Prime mutton was firm, but the market for medium quality sheep was slightly easier. Prices for large stores and best weaners showed an improvement. Forty prime Hereford and Polled Angus cows and heifers, on account of IX Findlayson, Tuhikaramea, averaged £9 Us 3d; medium weight prime fat steers sold to £l3 ss; lighter prime, £ll 10s to £l2good prime Hereford cows and heifers. £9 15s to £lO ss; prime young Polled Angus cows and heifers, £9 5s to £10; other heavy cows, £7 10s to £7 17s; medium weights, £6 10s to £7Plain cows, £4 12s to £5 Is; freshconditioned cows, £2 10s to £3 10sstores, £2 to £2 ss. Prime heavy young maiden ewes and wethers made to 37s 3d; prime heavy ewes, 33s to 33s 3d; medium wethers. 3os to 35s 6d; light wethers, 30s to 30s 6d; prime woolly hoggets, 25s to 27s Idmedium plain fat ewes, £l. Heavy baconers made £3 Is to £3 Osgood porkers and light baconers, £2 14s to £2 15s; light to medium porkers, £2 6d to £2 12s; choppers. £3 to £3 10«store porkers, 31s to 335; good slips. 2ns to 30s; best weaners, 16s to 225; small 5s to 13s; Tamworth arid cross sow« ir pig, £4 to £5. DALGETY AP.ID CO. Dalgety and Co. reports that there was a larger yarding with little or no change in value. We quote: Extra choice ox sold to 35s a 1001 b; choice and prime ox, 31s to 34s a 1001 b; just killabie, 27s to 30s a 1001bprime young cow and heifer beef, 27s to 30s a 1001 b; just killabie, 23s to 26** a 1001 b.

YESTERDAY’S SALES Wellington: Kauri Timber, 25s 3d; sjj per cent. Government Stock, 1933, £IOO 17s 6d; Commercial Bank (ord.), 28s. Christchurch: New Zealand Government b\ per cent. Inscribed Stock, 192741. £9B 10s; Bank of Australasia, £l4 15s; Goldsbrough, Mort, 44s 6d; New Zealand Government, per cent. Inscribed Stock, 1933. £101; National Bank of New Zealand, £6 16s 6d; Commercial Bank of Australia. 27s lOd (four parcels): New Zealand Refrigerating ( £1 paid). 13s lOd; Electro Zinc (pref.), 2Ss 6d; New Zealand Guarantee Corporation. 9s 3d. Dunedin: Auckland Amusement Park, 15s; Commercial Bank, 2Ss; Electrolytic Zinc (ord.), 275; Waihi, 22s 9d.

day call were: — Sellers. Buyers. BANKS— £ s. d. £ s. d. Bank of Australasia 14 13 0 Com. Bank of Aus. 1 8 0 1 7 7 Ditto (pref.) 6 19 0 6 15 0 Eng., Scot., & Aus. 16 0 11 0 National of N.Z. . 7 0 0 6 16 0 National Bank of Australasia 16 17 6 New South Wales . . 43 0 New Zealand .. 18 3 17 9 Ditto (10s paid) . . V 16 3 Ditto (20s paid) . . 1 6 0 Union of Aus 15 2 0 14 17 0 INSURANCE— National 17 6 New Zealand .. 1 19 6 1 19 3 South British «.. .. 2 17 9 2 17 6 Standard — 3 0 0 LOAN AND AGENCY— Abraham and Williams (prel’.) 4 6 0 Farmers' Co-op. Auc. 2 14 0 Ditto A (pref.) .. 0 18 0 0 16 0 Ditto B (pref.) .. 0 15 3 0 14 6 National Mort. 3 2 0 Newton King- (pref.) 0 13 6 N.Z. and River Plate 1 8 0 1 7 0 N.Z. Guar. Corp. .. 0 9 6 0 9 0 N.Z. Loan and Merc. 96 0 0 93 0 0 Ditto (pref.) .. .. — 80 0 0 COAL— Renown (con.) .. 0 6 3 Hikurangi 0 3 5 0 3 0 Ditto (pref.) .. .. 0 7 9 Ditto A (pref.) .. 0 6 3 0 5 6 Pukemiro 3 0 0 Taupiri 1 4 6 Ditto (pref.) .. .. 1 3 6 Waipa 0 16 0 0 15 6 Westport .. — 1 13 6 GAS— Auckland 1 3 0 1 2 10 Ditto (con.) .. .. 0 17 3 0 16 9 Birkenhead sttxd Northcote 0 16 0 Ditto (pref.) .. .. 1 0 0 — SHIPPING— Devonport Steam .. 1 4 0 Huddart-Parker 7 6 2 6 9 Ditto (pref.) .. .. 1 1 3 1 0 3 Northern Steam .. 0 14 9 0 14 6 Ditto (con.) .. .. 0 7 2 0 7 0 P. and O. (deferred stock) 2S0 0 0 Union Steam (pref.) — 0 19 10 TIMBER— Kauri Timber .. .. 1 5 3 1 4 6 National 0 15 0 0 12 0 Parker-Lamb .. .. 1 2 0 Taupo Totara .. .. 0 17 0 — WOOLLEN— Wellington (pref.) .. 6 4 0 — BREWERIES— C. L. Innes (pref.).. 1 0 0 N.Z. Breweries .. .. 2 5 6 3 9 J. Staples and Co. 1 18 6 MISCELLANEOUS— Auck. Amuse. Park 0 16 0 0 14 6 British Tobacco 2 15 2 14 6 Bycroft, Ltd 1 10 6 Checker Taxicab .. 0 19 0 Col. Sugar (Aus.) .. 53 0 0 52 0 0 Dental and Medical 0 16 0 Dominion Pictures . . 1 1 0 Ditto (pref.) .. .. 1 0 0 Electrolytic Zinc (ord.) 1 8 0 1 7 0 Ditto (pref.) .. .. 1 7 9 Hill and Plummer .. 1 2 6 1 1 6 H.M. Arcade (pref.) 1 0 0 Lewis Eady (7 p.c. pref.) 1 1 Milne and Choyce .. Ditto (pref.) .. .. 1 4 Ditto (B pref.) .. Ditto (deb. stk.).. 1 4 3 1 (20s paid) .. . - 0 19 0 National Pictures .. N.Z. Paper Mills .. N.Z. Refrig, (con.) 0 7 Sanford, Ltd 1 Ditto (pref.) .. . 1 1 Taranaki Oil Field* 0 9 6 1 15 0 12 0 0 10 0 •Union Oil 2 2 6 2 0 0 Whittome Stevenson 2 0 Wilsons Cement 1 16 0 1 15 3 MINING — Alburnia 0 3 1 0 2 9 Ballarat (con.) .. .. 0 0 6 Moanataiari (pd.) .. 0 0 Ditto (con.) .. .. 0 Empire Reefs (con.) 0 0 8 Golden Age (pd.) . 4 Ditto (con.) . . . . 0 1 0 0 0 0 3 Kuranui 0 0 34 Lucky Shot (2s pd.) 0 2 6 0 0 Ditto (con.) .. .. 0 1 .1 0 1 9 Maoriland (con.) .. 0 1 2 0 1 4 0 0 L05 0 1 Occidental Una United (con.) 0 1 6 0 1 Ohinemuri 5 Waihi 3 Waihi Grand June. 0 1 6 0 1 2 DEBENTURES— Auckland Gas, 192S, 64 p.c 101 0 0 99 0 0 Auckland Harbour Board, 4 p.e. .. So Ditto, 6 p.c 102 0 0 1940, 5J p.c 96 0 0 Bor. of Devonport, 6 p.c Ditto, 4J p.c. 92 0 0 Mount Eden, / 5i . . 101 0 0 Bor. of Mt. Albert, 6 103 10 0 101 10 Bor. of Rotorua, 65 102 0 0 N.Z. Breweries, Ltd. 1 3 10 1 3 6 Glaxo 89 0 GOVERNMENT BONDSWar Loan, 1938, 45 96 Ditto, 1933, 5) . . 100 L2 6 Ditto, 1936, 54 .. 100 12 6 INSCRIBED STOCK— War Loan, 1929. 5 99 3 0 98 5 0 Dito, 1938, 45 .. .. 96 L0 0 96 0 0 Ditto. 1933, 61 .. 100 L2 6 Ditto, 1936, 55 • - 100 12 6