FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 444, 28 August 1928, Page 12

FINANCE & MARKETS

Steady Trading Recorded

Greater Interest in Timbers

A STEADY volume of business spread over a fairly wide range continues to be recorded. Wilsons Cements and N.Z. Refrigerating scrip are active on a very firm market.

slightly at the mid-day call, buyers moving up to 30s 9d with sellers asking 31s. New Zealand’s are very firm. Other banks are quietly steady at late high levels. The insurance group is very firm, although no great activity is noted in the section. In the loan and agency group Goldsbrough Morts show a further slight improvement, sales being recorded at 51s 4d. Increased interest is being taken in timbers. Buyers of Bartholomews improved to 16s at the early call but dropped back at 6d at mid-day. Kauris eased slightly at mid-day. The market for Leyland O’Brien improved to see Commercial Banks strengthened buyers offering 3s. Woollens are very firm.

Increased interest is taken in the mining group and quotations for scrip in one or two of the more or less neglected companies were listed this morning. Business yesterday afternoon:—On ’Change. Wilsons Cement, 395; Ohinemuri Gold and Silver (ord.), 7s lOd. Reported.—Eng., Scot, and Australian Bank, £8 12s 6d; South British Insurance, 63s 3d; Goldsbrough Mort, 51s 6d; Huddart Parker, 495; British Tobacco, 43s 6d; New Zealand Refrigerating Co. (pd.), 19s. Business at this morning’s early call: —Reported.—Bank of New Zealand, 61s 6d; Kaiapoi Woollens (con.), 3s 9£d; Wilsons Cement, 395. Business at mid-day:—Reported.—Golds-brough Mort, 51s 4d; Wilsons Cements, 395; New Zealand Refrigerating (pd), 19s; "Westport Stockton (ord.), 3s Bd.

TO-DAY’S QUOTATIONS

Closing quotations at to-day's mid day call were;

SOUTHERN EXCHANGES

YESTERDAY’S SALES

Press Association. Wellington.—4} per cent, bonds. 1938, £99 ss; 5£ per cent, bonds, 1933. £lOl ss; New Zealand Breweries, bonds. 24s 2d; National Bank of New Zealand. £7 5s 6d; New Zealand Refrigerating (20s paid), 19s; New Zealand Refrigerating (10s paid), 9s sd. Christchurch.—Commercial Bank of Australia. 30s 9d; Goldsbrough, Mort, 51s 3d; Kaiapoi Woollens (7s paid), 3s 9d (two); Mahakipawa, 3s 2d; New Zealand Refrigerating (10s paid), 9s 6d (two); Hayward’s Pictures, 20s (two). Dunedin.—Bank of New Zealand (D pref.), 2Ss; Mahakipawa, 3s 3d.

FOREIGN EXCHANGE RATES

(United P.A.—By Telegraph — Copyright) {Australian and N.Z. Press Association) Reed. 9.5 a.m. LONDON. Monday. Foreign rates of exchange on August 27, compared with par rates, or as averaged first half of 1914, are:—

CHICAGO WHEAT MARKET

(United P.A. — Tty Telegraph — Copyright) (Australian and N.Z. Press Association.) Reed. 9.24 a.m. CHICAGO, Monday.

Wheat.—September, 1 dollar 11 1-S cents a bushel; December, 1 dollar 16 5-S cents; March, 1 dollar 21 1-S cents.

PRICES FOR KAURI GUM

The Kauri Cum Control Board reports that prices obtained during the fortnight ended yesterday were as follow: White Gum. —Rescraped white range, 250 s a cwt: three-quarter scraped, 14*>.s; ordinary, 80s to 105 s; washed range, 75s to 80s; good swamp white, 35s to 565; range nuts. 60s to 655; white chips and dust. 32s to 355. Black Gum.—Seven-eighth. 95s to 120 s; washed steel. 70s to 90s; brown. 38s to £0«: 82, 32s to 40s; black nuts, 25s to 30s; * Ptibs, 20s to 275; chalky nubs. 24s to 2<s; chips, sifted, 20s to 245; chips, poor. 14s to 19s. S 0s Wamp Guru * —Medium chalk, 28s to

Sellers. Buyers. i; d. d. MISCELLANEOt BANKS— Auck. Amuse. P£ l 14 3 1 13 6 A. J. En trican (pr 14 17 6 British Tobacco 1 11 0 1 10 Burns, Philp . . Bycroft, Ltd. . . 6 Checker Taxicab Colonial Sugar (A Dominion Picture Nat. of Australasia Ditto (con.) .. .. New South Wales 9 10 0 18 18 0 Ditto (pref.) .. Dunlop Rubber Electrolytic Zin (ord.) 50 10 0 49 10 0 New Zealand .. .. 3 1 6 3 1 0 Ditto (pref.) .. Gear Meat .. .. (20s paid) Union of Australia . 15 6 0 1 7 15 2 9 0 Grey and Menzi Hamilton Theatr Hayward’s Pictur INSURANCE— Henry Jones CoA.P.A National 0 0 9 16 0 8 0 16 G Hill and Plumme H.M. Arcade (pre Ditto (ord.) .. Standard United South British .. .. 4 0 3 4 11 0 0 0 6 Holden’s Motors Milne and Choyc Ditto (pref.) .. Ditto (B pref.) LOAN & AGENCY— Ditto (Deb. Stk Abraham & Williams (pref.) .. %. .. Farmers* Co-op. Auctioneering (A pref.) Ditto B (pref.) Goldsbrough, Mort . - 4 4 0 16 0 15 2 11 6 0 0 National Picture? N.Z. Farmers’ op., 1935, 62 P-c N.Z. Farmers’ Fe N.Z. Paper Mills 0 16 11 0 6 Morris, Iledstrom Ditto (pref.)^.. Newton King (pref.) — 0 6 9 (con.) 1 13 4 N.Z. Guar. Corp. 0 Sanford (pref.) N.Z. Loan &. Merc. Ditto, (pref.) . . . . N. Auck. Farmers’ 110 0 82 O' 0 2 0 0 Sharland and Co. Taranaki Oil .. Thames Theatre Tonson, Garlick Ditto (A pref.) Ditto (B pref.) .. Farmers’ Trading - 0 12 0 S 0 6 Whittome, Steven Wilsons Cement (ord.) 0 S 0 0 6 9 MINING— Ditto (A pref.) 0 16 0 » — Ditto (B pref.) .. — 0 9 0 Ditto (con.) . . COAL— Hikurangi .. .. .. Golden Age (pai 0 6 0 5 10 Ditto (pref.) .. .. 0 9 Ditto (A pref.) . . 0 9 3 0 S G Pukemiro Collieries 3 8 Renown 0 12 0 Taupiri 1 7 9 1 7 6 Ditto (pref.) .. .. 1 3 0 Waipa 0 14 0 NV estport-Stockton . 0 3 10 Ditto (pref.) .. — 0 4 0 Mount Ly'ell . . . GAS— DEBENTURES— Auckland 1 Auckland Gas, 1£ Ditto (con.) .. .. 0 16 9 per cent Auck. Har. Bd., SHIPPING— Ditto, 52 p.c. Devonport Steam .. 1 4 9 1 4 0 Ditto, 6 p.c. .. Huddart-Parker 2 9 2 8 9 Ditto (pref.) .. _ 1 0 .0 Northern Steam .. 0 14 8 0 14 6 Ditto (con.) .. . . 0 6 10 P. and O. (def. stk> — 230 0 0 Union Steam (pref.) — 1 0 0 Ditto, 6 p.c. . . TIMBER— Bor. of Hamilton Bartholomew .. 1 1 0 0 15 6 N.Z. Breweries . . Kauri Timber .. .. 1 0 6 1 0 0 N.Z. Milk Produ Leyland-O’Brien 1 16 0 Parker-Lamb — 0 17 6 GOVERNMENT WOOLLENtWar Loan, 1930, Kaiapoi 0 12 9 Ditto, 1938, 42 Ditto (con.) .. .. 0 4 0 0 3 G Ditto, 1933, 5 Wellington — 6 5 0 Ditto (pref.) .. .. 6 7 6 War Loan, 1D38, BREWERIES— Ditto, 1939, 42 Ditto, 1936, 52 C. L. Innes .. .. 0 18 0 Ditto, 1930, 51 Ditto (pi'ef.) .. .. 1 0 6 0 19 0 Ditto, 1931, 6 p N.Z. Breweries .... 8 0 2 7 e J. Staples — 1 16 0 op., 1935, 62

Aug:. 27 Aug. 23. Par. Brussels, francs 34.90 34.90 25.225 Paris, francs .. 124.27 124.25 25.225 Stockholm, knr. IS. 13 IS.13 18.12 Oslo, knr IS. 19 18.19 18.12 Copenhagen, knr IS.19 18.19 18.12 Berlin, r.m. .. 20.35 20.362 — Home, lire . . .. 92.68 92.6S 25.225 Calcutta, pence 17 31-32 17 15-16 24 Yokohama pence 22 7-16 22 3-16 24.43 Hong Kong pee. 245 24i 24 "Montreal, dol. . 4.S4 15-16 4.85 1-S 4:866 New York, dol. . 4.85 1-5 4.S5 1-4 4.866 Amsterdam, fl. . 12.30 5-S 12.302 12.107 Batavia, fl. . . 12.11?: 12.lli —

Seller s MISCELLANEOUS— Auck. Amuse. Park 0 6 6 A. J. Entrican (pref) 0 19 0 British Tobacco 3 Burns, Philp . . 6 0 0 Bycroft, Ltd 1 10 9 Checker Taxicab . . 0 10 0 0 0 Colonial Sugar (Aus.) 59 10 0 Dominion Pictures 1 1 6 Ditto (pref.) .. .. 1 1 6 Dunlop Rubber 1 3 Electrolytic Zinc Cord.) 1 13 9 Ditto (pref.) .. .. 1 13 9 Gear Meat 0 9 Grey and Menzies 0 9 6 Hamilton Theatres 0 17 0 Hayward’s Pictures 1 1 0 1 0 0 Henry Jones Co-op. 1 17 Hill and Plummer 1 2 0 H.M. Arcade (pref.) 1 1 0 Ditto (ord.) .. .. 1 G Tvempthorne Pros. . 10 0 Holden’s Motors 1 13 6 i 12 6 Milne and Choyce 1 4 G Ditto (pref.) .. .. 1 4 6 Ditto (B pref.) 1 4 G Ditto (Deb. Stk) .. 1 4 0 National Pictures . 0 13 9 0 12 0 N.Z. Farmers’ Coop., 1935, 6 h P-c. . S3 0 ft N.Z. Farmers’ Fert. 4 2 6 N.Z. Paper Mills .. 0 17 6 Morris, Hedstrom .. 1 1 6 1 0 6 Ditto (pref.) .. .. 0 18 9 N.Z. Refrigerating(con.) 0 9 6 0 9 5 Ditto (pd.) 0 19 6 0 18 9 Sanford (pref.) 0 19 9 Sharland and Co. . . 0 19 6 Taranaki Oil . . 0 10 0 0 9 ft Thames Theatre • 1 0 0 Tonson, Garlick 0 13 3 o 11 9 Union Oil 3 « G Whittome, Stevcnsons 2 10 0 0 Wilsons Cement .. 1 19 3 i IS 9 MINING— Moanataiari (paid) 0 1 S — Ditto (con.) . . . . 0 0 6 — Golden Age (paid) 0 0 0 0 b New Waiotahi (con.) 0 0 4 — Occidental Una (2s paid) 0 1 0 — Ditto (con.) .. .. 0 0 4 — Ohinemuri (ord.) .. 0 8 0 7 8 Ditto (pref.) .. 0 8 9 Rising Sun 0 5 0 Waihi 0 13 0 0 12 7 Waihi Grand June. 0 1 4 Mount Lyell — 1 14 3 DEBENTURES— Auckland Gas, 1932, 5 per cent — 93 0 0 Auck. Har. Bd., 5J 96 0 0 Ditto, 5£ p.c. 99 15 0 Ditto, 6 p.c 105 10 0 102 10 0 City of Auckland, 1940, d.c 96 0 0 Ditto, 1943, 5£ p.c. 99 15 0 Hamilton Fire Bd., 6 104 0 0 Bor. of Devonport, G 101 0 0 Bor. Mt. Eden, 52 100 0 0 Ditto, 6 p.c 102 0 0 101 0 0 Hamilton Theatres, 7 99 0 0 N.Z. Breweries .. . . 1 4 3 1 4 0 N.Z. Milk Products 107 0 0 Glaxo 93 0 0 90 0 0 GOVERNMENT BONDS War Loan. 1930, 4i —. 99 0 0 Ditto, 1938, 4i p.c. — 99 0 0 Ditto, 1939, 4i p.c. 99 0 0 Ditto, 1933, 5 p.c. 100 10 0 100 0 0 INSCRIBED STOCKWar Loan. 193S, 4i 99 0 ft Ditto, 1939, 4£ p.c. 99 0 0 Ditto, 193G, 5& p.c. 101 0 0 Ditto, 1930, 5$ p.c. 99 10 0 98 10 0 Ditto, 1931, 6 p.c. 102 10 0 N.Z. Farmers’ Coop., 1935, 6i p.c. — S3 0 0