FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 492, 23 October 1928, Page 12

FINANCE & MARKETS

Market Firm

Insurances in Demand

A QUIET tone was registered on 'Change this morning. The turnover was small, but the market for all the better class securities was very firm.

Practically the only feature of interest in the insurance group was the coming in of sellers of Queenslands at 67s 6d. Sellers of most other shares in the section are hard to locate. The market for South British and New Zealand* is very firm. Renown Collieries advanced again ro-dav, when sellers at 18s found support at 17s. There is a very firm tone in the market, and there is a very strong inquiry for the scrip. New Zealand breweries are meeting with a strong inquiry, sellers at midday offering 44s 6d, a price 6d ahead of last week’s market.

Taranaki Oils are steady at last week’s closing price. It will be noticed elsewhere that the company is having considerable trouble at one of its Morere (Gisborne No. 1> bores and that things don’t look too bright at all from the shareholders’ point of view. Mining is very quiet. Waihis continue to meet with a steady demand. The gilt-edge market is in good tone, with Government war loans and stocks meeting with a particularly steady inquiry. Business at this morning's early call. —On ’Change: Taranaki Oil, 7s 6d. Reported: New Zealand Refrigerating (con.), 8s 7d.

TO-DAY’S QUOTATIONS

Closing quotations at to-day’a midday call were:—

AUSTRALIAN APPLES MOST SOLD AT AUCTION (United P.A.—By Telegraph — Copyright) Reed. 11.10 a.m. LONDON. Monday. “The Trade” newspaper recently published a statement that 95 per cent, of Australian apples imported into Great Britain were sold privately. The Press Association is authoritatively informed that the actual percentages of Australian imports in 1928 sold at auction at ports on arrival were: Liver%-»ol, 60 per cent.; Hull. 65 per cent.: Glasgow. 66 per cent.; Manchester, 80 per cent.; London, 30 per cent. A large proportion of London’s imports consisted of direct purchases, including many for transhipment to the Continent. BUTTER AND CHEESE Amalgamated Dairies. Limited, report receipt of the following cable from their London manager, under date 20th inst: ‘‘Butter: Prices unchanged (“Anchor.” 184 s); market dull. Danish, 186 s to 190 s spot. 184 s f.o.h. Deliveries New Zealand 64 4 tons; stock, 2,677. Retail prices unGheese: White, 110 s; coloured, lOSs; market quiet. Canadian, 108 sto 110 s spot up to 112 s, Retail prices unchanged." Cheese: White. 110 s; coloured, 108 s; market quiet. Canadian. 108 sto 110 s, spot up to 112 s. Retail prices unchanged. KAURI GUM PRICES The Kauri Gum Control Board reports Price^T° bt i l,ned durin ff the fortnight ended on Monday were as follow i«X*. h Vi? Gum — Seven-eighth. 150 s to ro fhree-quarters, 128 sto 1355; washed range. »0s to Sss; range nuts, 45s to 70s; chips and dust, 32s to 355. Black Gum.—Rescraped, 150 s; washed S , Os .' light brown, 45s to 555; bl ac k- 32s to 455; black nuts, ’.<.-j V\ s: ni *bs, -* s t° 2Ss; good clean 14a *to PS ’ “~ S *° med ium chips, Swamp Gum.—Hearty swamp, 32s to oOs; medium chalk, 26s to 28s. SUN COMMERCIAL SERVICE A special section for readers seeking information on financial and commercial questions is included in these columns every Saturday. 'Sames and addresses must be given in every instance , although not for publication, and inquirers are requested to send in questions early in the week , adTHE t* l6 o>nm€rc^al Editor ,

BANKS— £ s. d . ,£ s. d. Australian Bank of Commerce 1 14 0 1 13 0 Bank of Australasia 14 17 0 Com. Bank of Aus. 1 10 1 0 11 Ditto (pref.) .. .. 0 Com. Bank Sydney 8 1/ Nat. Bank of N.Z... 7 D 0 51 10 0 51 0 0 New Zealand .. . - 3 1 6 3 1 Ditt, D Mort. (20s paid) 1 7 6 Union of Australia . INSURANCE— Australian Provincial 0 s 0 — National U 16 0 16 New Zealand .. .. 2 Queensland 3 7 6 3 5 0 South British .. .. 3 United — 11 8 0 LOAN AND AGENCYFarmers’ Co-op. 3 0 3 0 0 Ditto (A pref.) .. — 0 16 0 Ditto (B pref.) .. 0 lo 0 Goldsbrough Mort . 11 6 2 10 0 National Mortgage. 4 5 0 Newton King (pref.) 0 7 0 N.Z. River Plate . . 1 12 0 N.Z. Guarantee Corp (ord.) 0 8 6 N.Z. Loa*n and Merc. 116 0 0 Ditto (pref.) .. .. — 82 0 0 N- Auckland Farmers Co-op. (ord.).. .. — 0 2 0 COALr— Hikurangi 0 6 0 0 5 6 Ditto (pref.) .. .. 0 10 6 Ditto (A pref.) .. 0 0 Pukemiro 3 10 0 3 7 Renown (ord.) .. .. 0 18 0 Ditto (pref.) .. .. 0 6 Taupiri 1 7 3 1 6 Ditto (pref.) .. .. 1 3 0 W aipa 0 14 0 Westport 1 10 0 Westport Stockton.. .u 3 0 Ditto (pref.) .. .. —- 0 4 0 GAS— Auckland 1 3 1 1 3 Ditto (con.) .. .. 0 17 3 0 16 11 SHIPPING— Devonport Steam .. 1 5 0 Howard Smith .. .. 1 6 0 Huddart-Parker. .. 2 8 Ditto (pref.) .. .. 1 0 6 Northern Steam .. 0 14 6 Ditto (con.) .. .. 0 7 0 0 6 7 P. & O. (def. stck) — 11 6 Union Steam (pref) — 1 0 6 TIMBER— Bartholomew .. .. 1 1 Kauri Timber . . .. 1 0 0 Leyland-O’Brien 1 16 0 1 14 0 National 0 10 6 WOOLLEN— Kaiapoi .« .. ,, 0 13 9 0 13 0 Mosgiel Wellington — 6 12 6 Ditto (pref.) .. .. — 6 15 6 BREWERIES— C. L. Innes (pref.) 1 0 6 0 IS 6 N.Z. Breweries .. .. 15 3 2 14 6 .T. Staples — 1 IS 6 MISCELLANEOUS— Auck. Amuse. Park 0 3 Australian Glass .. — 2 5 0

Sellers s British Tobacco 2 4 3 Burns, Philp .. .. 4 0 Bycroft, Limited .. 1 15 0 Checker Taxi . . .. 0 12 0 Dental and Medical 0 14 0 Dominion Pictures . 1 2 Ditto (pref.) .. .. 1 2 0 Donaghy’s Rope 1 12 0 Electrolytic Zinc ford.) 1 13 0 1 12 0 Ditto (pref.) .. .. 1 14 1 13 6 Farmers’ Trading .. 0 7 6 Ditto B (pref.) .. 0 9 3 Gear Moat . t .. .. 3 Grey and Menzies . 0 9 6 Hayward’s Pictures 1 1 1 0 6 Henry Jones Co-op. 1 19 3 Hill and Plummer . 1 0 H.M. Arcade . . . . 2 6 Ditto (pref.) . . . . 1 1 0 Lewis Eady (pref.) 0 19 6 Milne and Choyce 1 4 6 Ditto (pref.) . . . . 1 4 6 Ditto (B pref.) I 4 6 Ditto (deh # strk.) 1 4 3 Morris Hedstrom (prof.) N.Z. Express . . . . 1 1 0 0 18 N.Z. Farmers’ Fort. . N.Z. Refrig, (con.) 0 8 9 0 8 6 Robinson Tee Cream 1 3 0 Sanford. Ltd. 0 19 0 0 17 0 Sharland (pref.) Taranaki Oil . . 0 7 Thames Theatre .. 0 15 0 0 Tonson Garlick 0 12 6 11 0 Union Oil Whittome; Stevenson 2 7 0 Wilsons Cement .. 2 0 0 1 19 3 MINING— Moanataiarl (pd.) . 0 1 6 — Golden Age (pd.) 0 0 Lucky Shot (4s paid) 0 0 6 Maoriland (con.) .. 0 0 9 0 0 Ohinemuri 0 7 6 0 Waihi 0 14 3 0 14 0 Waihi G. June. 0 0 11 0 0 Mt. Lyell 1 10 9 1 15 0 DEBENTURES— 6i 102 10 0 Auck. Harb. Bd. 54 96 0 0 Ditto, 54 100 0 0 Ditto, 6 103 0 0 City Auckland, 1940, 51 98 0 0 96 10 0 Ditto, 1943, 51 .. 100 0 0 Auc.k. Power Bd., 5J 99 0 0 Bor. Devonport, 6 . . 101 0 0 Bor. Mt. Eden, 52 101 0 0 Ditto, 6 102 0 0 Hamilton, 6 p.c. 102 0 0 Buller County, 1940, 93 0 0 Hamilton Theatres, 7 pc 98 0 0 N.Z. Breweries 1 4 0 Glaxo 90 0 0 Nat. Trading Co. 6 100 0 0 — GOVERNMENT BONDS War Loan, 1930, 41 . 100 0 0 99 0 0 Ditto, 1938, 41 98 17 6 Ditto, 1939, 41 98 17 6 Ditto, 1941, 41 .. 98 15 0 Ditto, 1933, 51 101 10 0 101 2 6 Ditto, 1936, 51 — 101 0 0 INSCRIBED STOCK War Loan, 1938, 41 98 17 6 Ditto, 1939, 41 — 98 17 6 Ditto, 1927-41. 54 . 98 15 0 Ditto, 1933, 51 98 15 0 Ditto, 1933, 51 101 2 6 Ditto, 1936, 51 .. — 101 0 0