Markets and Money

Sun (Auckland), Volume I, Issue 260, 24 January 1928, Page 12

Markets and Money

A Review for Business JVLn

ON THE ’CHANGE A QUIET MORNING MINING NEGLECTED No sales were recorded on ’Change fet the last call this morning. Banks are In good tone with a firming tendency. New South Wales are wanted at £47 with no sellers. Insurances register little movement. In shipping Huddarts were done at 50s and more are sought at 49s 6d. Industrials remain quiet. Mining is weak and, with the exception of Mount Lyells, receives little attention. SALES REGISTERED Yesterday afternoon’s business.—On 'Change: Staples Breweries, 39s 6d. Reported: Bank of New Zealand, 59s 3d; Electrolytic Zinc, 31s 3d; New Zealand Breweries (deb.), 22s 8d; New Zealand War Loan, 1933, 5J per cent., £lOl ss. At to-day’s mid-day call. —Reported: New Zealand Brew r eries (deb.), 22s 8d: Huddart Parker, 50s; Bank of New Zealand, 59s 3d; National Bank of Australia, £l7 4s 3d. MID-DAY QUOTATIONS Closing quotations at to-day’s mid-

SOUTHERN EXCHANGES Press Association. Christchurch. —Dalgety and Company, £ 13 15s (two parcels); GoMsbrough, Mort, 47s 3d (odd lot); New Zealand Refrigerating (£1 paid, cum div.), 17s 9d; Staples Brewery, 39s 3d (odd lot). The following sales were reported: New Zealand Government, 4J per cent. Inscribed Stock, 1938, £97; 4$ per cent. Inscribed Stock, 1939, £97; Dalgety and Company, £l3 16s; New Zealand Refrigerating (£1 paid, cum div.), 17s 9d; New Zealand Refrigerating (con cum div.), 8s 7d (three parcels); British Tobacco, 39s Bd. runedin.—l*. and O. Deferred Stock (Criohts), £25, p.em.

IN THE MARKET PLACE VEGETABLES IN SHORT SUPPLY DEARER EGGS Vegetables are falling off in supply in the city marts. Eggs arts also offering in decreased quantities and the market has firmed over the past day or so. Fruit sells freely at practically unchanged rates. Strawberries are advancing in price and the quality is falling off. One decent shower of rain on the beds would see the end of the season. Stone fruit is meeting with a very fair demand. A large quantity of Otago apricots are arriving on the market in poor condition and consequently shippers have not met with a very keen demand. Hot-house grapes are slightly easier in price and ample supplies meet a fairly steady sale. A shipment of bananas came to hand ex the Tofua yesterday. The bulk of these will be sold green on the wharf, leaving the balance to be disposed of in the marts. Apples are only meeting with a mediocre demand with little inquiry for small grades. In the field and garden produce section the long spell of dry weather is now having an appreciable effect, and supplies are decreasing with a corresponding increase in values. Supplies of eggs have also fallen off over the past week, and, with a better demand which has set in over the period, prices have advanced 2d to 3d a dozen. Prices under the hammer in the City Marts to-day ranged as follow: FRUIT Apples.—Gravenstein, choice coloured, 7s to 9s a case ; green, 4s to ss; Astrachans, 3s to 7s; cookers, 3s to 5s 6d. Strawberries.—lid to Is 6d a chip. Pears. —Bons, 7s to 9s 6d a bushel case. Tomatoes.—No. 1,4 s to 5s 6d a box; No. 2,3 s 6d to 4s 6d; extra choice, 6s to 6s 6d. Plums.—Sultans, 5s to 7s 6d: Angelina, 6s to 10s; Satsumas, 5s 6d to 6s 6d; Burtanks, 5s to 5s 6d; English plum 3,5 s 6d to 6s 6d; Ogons, 3s 6d to 4s; greengage, 9s. Apricots.—No. 1,9 s to 10s a case; small, 6s to 7s: Otago apricots, 7s to 9s. Peaches. —Choice coloured Wiggins, 7s to 8s 6d a case; others, 5s 6d to 6s; Carmen, 5s 6d to 6s 6d. Lemons.—Local, 12s to 20s a case. Cape Gooseberries.—6d to 9d a lb. Grapes.—ls to Is 6d a lb. Oranges.—American, 30s to 35s a case; Sydney, 16s to 18s. Bananas. —25s to 30s a case. Raspberries.—Bs to 10s a 121 b tin. VEGETABLES Potatoes. —Best, 6s 6d to 8s 6d a bag; others, 2s 6d to ss. Green Peas.—6s to 10s a bag. Pumpkins.—l4s to 20s a cwt. French Beans.—6s to 10s a bag. Onions. —3s to 4s a bag. Cabbage.—3s to 8s a sack. Pickling Onions.—-ljcl to lid a lb. Lettuce. —2s to 6s 6d a case. Prices of eggs and butter and the smaller parcelled vegetables will be found in the “Kit Bag” column on another page. ********%*%** CALL POSTPONED afternoon call will be made on the 'Change this afternoon to allow members to attend the funeral of Mr. W. N. Gamble. SK'SK & TRADE IN KAURI GUM MARKET STILL QUIET Overseas markets in kauri gum have net recovered from the holiday quiet, and only hand-to-mouth business is reported. Many overseas merchants closed their financial year on December 31 and have not started buying operations for the new year. Thus there is no special demand for any grade. The Kauri Gum Control Board supply the following report on prices at January 23. White Gum.—Seven-eighth scraped, 140 s to 1435; three quarter scraped, 120 s to 130 s; ordinary, 75s to 80s; nuts, 70s; chips and dust, 32s to 40s. Black Gum.—Three-quarter scraped, 120 s to 1255; washed steel, 75s to 80s ordinary black, 34s to 38s; good black nuts, 28s to 325; poor black nuts, 255, good chips, 22s to 245; poor chips, 13s to 18s. Chalk. —Hearty swamp, 34s to 365; good swamp, 30s to 335; poor swamp, 26s to 28s. Swamp at 33s was good, clean and bold. COMPANY REGISTRATIONS Two private companies have been registered in Auckland. Details are:— Garden Homes Construction Company, Limited. Objects: To carry on the business of builders and contractors, etc. Capital: £2,000, divided into £1 shares. Subscribers: John I. Oag and Harry N. Stafford, 1,000 shares each. Onehunga Sand Company, Limited. Objects: To obtain sand and shell, etc. Capital: £7 divided into £1 shares. Subscribers: Owen T. McLeod and John C. Simpson each 1 share; and Wilfred A. Manning, five shares. MINING NEWS ALBURNIA. The manager reports as follows:—“Driving north on the dropper has been extended 15ft for the week, making a total distance driven in this direction of 130 ft. This reef is maintaining its size of about 2ft and has all the characteristics of making values. On the Sons of Freedom we have extended the drive from 9Sft to 110 ft, the width of the reef being about 2ft 6in. There is now a decided Improvement in the ore broken, and in the last breaking down a good deal of the ore showed coarse colours of gold, the best values being on the hangingwall portion about Ift in width, which is also carrying some nice silica and blend and occasionally a little ruby silver is seen. A further 30ft of driving will bring us under Radford’s Patch, and, as previously mentioned, the indications are favourable, and it is reasonable to expect good results as the drive advances.” OCCIDENTAL UNA.—The manager reports: “At the north end of the Occidental No. 1 reef, the necessary timbering has now been completed, making a block of ore available for stoping of over 50ft. This is from the crosscut back to the main travelling way. At the south end nice dabs of gold were secured in the stope going south and the prospect looks good. At the footwall dropper, stoping has been commenced, but no quartz has yet been broken.” KURANUL—The manager reports for the week ending January 21, 1925: “The crosscut from the surface has ueen extended a further 12 feet for the week, making a total of 103 feet from the starting point. "We are still penetrating the same class of country. with no quartz having been yet met with. The drive on the leader in the footwall of the main reef has been extended eight feet for the week, making a total of 120 feet from the crosscut. In this drive we cut a reef to-day running at right angles to the leader which we are iriving on. This reef looks to be about a foot wide, and the quartz that v.as broken looks very promising, being heavily mineralised, and showing a lair amount of silica and blend.”

day call were— Sellers. Buyers. £ d. £ d. BANKS— Bank of Australasia 14 12 6 Com. Bank of Aus. 1 9 6 1 9 0 En g., Scot., and Australian . . .. 7 12 6 Nat. Bank of N.Z. . 1C 6 National Bank of Australasia .. .. 17 5 0 17 3 0 Ditto (con.) .. .. 8 11 0 8 9 6 New South Wales . 47 0 0 New Zealand 19 3 2 19 0 Ditto (15s pd.) .. 1 1 0 Ditto (20s pd.) .. 1 7 0 1 6 0 INSURANCE— 0 15 6 0 14 6 New Zealand .. .. 2 1 6 2 1 0 South British .. .. 2 17 9 2 16 9 LOAN AND AGENCY— Dalgety & Co — 13 10 0 Farmers’ Co-op. Auctioneering 3 5 0 Ditto (A pref. > .. 0 18 0 Ditto B (pref.) .. 0 14 10 Newton King (pref.) 0 12 6 0 10 N.Z. & River Plate 1 7 9 N.Z. Guarantee 0 9 1 N.Z. Loan & Merc. — 93 Ditto (pref.) .. .. — 81 0 0 COAL— Renown Collieries (18s paid) .. .. — 0 13 0 Hikurangi 0 4 3 3 Ditto (pref.) .. .. Ditto (A pref.) .. 0 6 4 0 t Pukerniro 3 Taupiri 1 6 3 1 5 0 Ditto (pref.) •• .. — — 16 5 GAS— Auckland 1 3 3 l 3 0 Ditto (con.) .. .. 0 17 2 0 16 10 Birkenhead and 0 16 Thames 0 11 0 0 7 0 SHIPPING— Devonport Steam • 1 4 6 1 3 9 Huddart-Parker . . 3 Northern Steam • • 0 14 10 14 Ditto (con.) .. .. 0 7 3 P. and O. (def. stk.) 240 0 0 230 0 Ditto (rights) 23 Union Steam (pref.) 1 — TIMBER— - Kauri Timber . . . 1 3 0 — 0 12 — I'arker-Lamb .. .. 0 19 Taupo Totara •• •• — Ditto (pref.) •• .. 16 — WOOLLEN— Kaiapoi — 0 8 3 ■Wellington — 6 Ditto (pref.) •• .. —* 6 6 BREWERIES— C. L. Innes (pref.) 1 0 0 — J. Staples and Co. — 1 MISCELLANEOUS — Auckland Amusement Park .. 0 14 0 A. J. Entrlcan (pref.) 0 19 0 British Tobacco 2 0 0 1 19 6 Burns, Philp .. .. — 2 0 0 Bycroft, Ltd — 1 10 Checker Taxicab .. Colonial Sugar .. .. 55 10 0 54 10 0 Dental and Medical 0 16 0 Dom. Pictures .. .. 1 0 0 Ditto, (pref.) .. .. 1 0 0 Electrolytic Zinc 1 11 Ditto, (pref.) .. .. 1 12 9 1 12 0 Grey and Menzies.. 0 12 0 Hayward’s Pictures 1 0 0 0 18 3 Henry Jones Co-op 1 17 6 1 2 6 H.M. Arcade (pref.) 1 0 6 Kempthorne Prosser s 9 0 Milne and Choyce .. 1 4 t Ditto (pref.) 1 4 3 Ditto (B pref.) 1 4 S Ditto (deb. stk.) . 1 3 3 N.Z. Farmers’ Fertillser Co 4 1 0 N.Z. Refrigerating . 0 18 3 0 17 3 Ditto (con.) .. .. 0 9 0 0 8 3 Robinson Ice Cream 1 2 0 Sanford (pref.) .. .. 1 0 3 Taranaki Oilfields .. 0 10 9 0 9 6 Thames Theatre .. 0 18 6 0 15 6 Tonson Garlick .. .. 0 11 3 Union Oil 2 0 0 0 10 6 Whittome, Stevensons 2 7 0 2 4 0 Wiseman and Son (pref.) 0 15 0 Ditto (ord.) .. .. 0 7 0 Wilsons Cement •• 1 18 0 1 17 6 MINING— Alburn ia 0 2 0 0 1 3 Moanataiari (paid) . 0 2 4 0 1 6 Ditto (con.) .. .. 0 0 11 Golden Age (pd.) .. 0 0 3 Ditto (con.) .. .. 0 0 4 Kawarau 0 0 6 Komata Reefs .. .. 0 0 3 Kuranui 0 0 2 Lucky Shot (2s pd.) 0 1 6 0 1 3 Maoriland (con.) .. 0 1 0 Majestic 0 0 3 Mt. Welcome (con.) 0 1 3 New Waiotahi (4s paid) — 0 0 3 Ditto (con.) .. 0 0 10 7 Occidental-Una (3s paid) .. •• ». 1 9 Ditto (con.) .. .. 1 0 7 3 0 6 10 Ditto (pref.) •• ** 0 9 6 Waihi 0 11 6 0 11 Grand Junction 0 1 2 0 0 11 A USTRALLAN— Mount Lyell .. .. 1 9 6 1 8 9 DEBENTURES — 105 0 0 102 0 0 City of Auckland, 1940, 5J p.c. . . 100 0 0 95 0 0 Borough of Devonport. 6 p.c Bor. Mount Eden, 5| N.Z. Breweries t 3 0 Glaxo 0 Hamilton Theatres . 105 0 0 — GOVERNMENT BONDS— War Loan, 1930, 4J . — 97 15 0 Ditto, 1938, 4i .. -— 96 15 0 Ditto. 1939, 4 J .. — 96 15 0 Ditto, 1936, 5} . . — 101 0 0 INSCRIBED STOCK War Loan. 1929, 5 .. — 98 0 0 Ditto, L93S, 4i . 96 15 0 Ditto, 1939, 4i . 96 15 0 Ditto, 1933, 5i .. 101 10 0 101 0 0 Ditto, 1936, 5J . 101 10 0 101 0 0