FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 640, 17 April 1929, Page 10

FINANCE & MARKETS

E.S. & A. Bank in Demand

Union Bank of Australia Selling A< OXSiDJERABLE volume of business is being transacted and in most eases prices remain firm. English, Scottisli and Australian Bank have suddenly firmed and now have many eager buyers at £8 16s fid. Union Bank of Australia are selling freely at £ls 10s fid, leaving the market firm.

R-*nk scrip in most cases remains firm and numerous sales are being recorded in this section Insurance shares are quiet, few transactions being made in these shares. National remain firm at about ! 6d; Standard are also in demand, buyers quoting at 645. The coal section is quiet. Few . i* s are being made in these shares. Mik'n . ngi remain steady. Puk.emiros sellers at 66s 6d. and are unipported. Taupiri. both issues, are asked for. Oas shares remain firm. Auckland • quoted with buyers at 24a; sellers • Ming for 24s 4d. The contributing ave eager buyers at 18s Id; a was transacted at 18s 3d at early • *ll is morning. In the brewery section, lnnes and • o. pref. issue are in demand at 20s. Xo\« Zealand are steady with buyers i 62s 6d, sellers 635. Waihi scrip is again active and the

i shares are quietly firming, last sales : being 13s lOd, leaving a steady j market. j Yesterday afternoon s business. —On ’Change: Reported: Milne and Choyce, ; deb. stock, £1 6s: Franklin Power Board, 52 per cent.. 1961. £lO2 10s: New Zealand Breweries (deb.), £1 6s ; sd. Business at this morning's early call.—On ’Change: Auckland Gas (con.), 18s 3d; Taranaki Oil, 5s 3d: Waihi G.M. Coy., 13s lOd. Reported: Commercial Bank of Australia (pref.), £7 9s: Bank of New gouth Wales, £sl ss; Union Bank of Australia, £ls 10s 6d: Westport-Stockton (ord.), 3s; Kauri Timber, 17s Bd. Business at to-day’s mid-day call. — On Change: Reported: National Bank of Australasia (con.), £9 13s; Kauri Timber. 17s 9d; New Zealand Government War Doan, 1930, 51 per cent., £99 10s: New Zealand Government War Roan. 1932. 5i per cent.. £99 1 10s.

TO-DAY’S QUOTATIONS

Closing quotatoins at to-day’s mid-daycall were:— Sellers. Buyer*. Sellers. Buyers.

SOUTHERN EXCHANGES ! ' I

YESTERDAY’S SALES Presa Association WelhnQton.—Gear Meat, 43s (two parKauri Timber, 17s 7d (two par- • els); 54 per cent. Stock, 1936, £lOl 12s 6d; National Insurance, 16s 6d; Wellington Woollen (ord.), £7 ss; Sharland and Co., 22s 3d (two parcels). Christchurch.—New Zealand Government 4£ per cent. Inscribed Stock, 1938, £IOO (three parcels); Commercial Bank rd Sydney, £27 15s: National Bank of New Zealand. £7 Is 9d; Goldsbrough, .NTort, 53s 9d (four parcels); Staples Brewery, 45s 9d; British Tobacco, 47s lid (three parcels). 47s lOd: Mount Lyell, Ms 2d (three parcels); Mahaklpawa, Is Id < three parcels); Wellington Woollen (ord.). £7 5s 6d. Dunedin.—Mount Lyell, 43s 9d: Commercial Bank, 29s 9d; New Zealand Farmers’ Fertiliser, 21s 6d, 21s 7£ri TIMARU WOOL SALE SMALL CATALOGUE OFFERED Presa Association TIMARU, Tuesday. The third and final Timaru wool sale the season was held to-night, when a • atalogue of 2.041) bales was offered to a medium bench of buyers. The wool «*omprised chiefly passed in lots and back country stragglers' clips. The bidding was slow and erratic, and prices were, ibout a penny a lb down on those of the February sale. Super half-bred reached 19Jd: Merino, 17d. crossbred, Isd; three-quarterbred, !?4d: quarterbred, 17$d; Forriedale, 18\d; • omebaok, ISJd. Pieces ranged from lOd ib 15d. while necks realised 15Jd. Competition for crutchings and bellies was dot keen. TAUMARUNUI STOCK SALE TAUMARUNUI. Tuesday. \ Sheep w ere in demand at the weekly ( stin:k sale to-day. but cattle were not I ought for. Two-tooth ewes in lambs i .ached over 425. Prices ranged:— Sheep: Fat ewes, 30s; fat wethers, 33s ! :’<l fat lambs, 21e: ewes. 255; two-tooth ! wethers, 28s lid to 29s 3d; good forward wethers. 29s 7d; other ewes, 22s to 275; j ' wo-tooth ewes in lamb. 42s lOd: wether lambs, 15s; ewe lambs, 21s 6d; m.s. iambs, 17s 6d. Three wethers anonymously donated on behalf of the Taunjrunul Hospital were sold at 31s 7d F ' Ht btillocks. £ll 10s; far cows. £ • 7s to £8 15k; grown steers, £7 15s; ”**” er */ £6 6s; steer calves, 37s 6d: heifer calves. 19?. Piami Wean ere, 7e u> its. *

FRANKTON STOCK SALE

HEAVY YARDINGS (From Our Own Correspondent) HAMILTON, Tuesday. There was a larger yarding of beef than usual at the Frank ton saleyards today, and prices were about on a par with last week’s rates. Pigs were yarded in large numbers, and realised very good prices. There was an average yarding of sheep, which sold at late rates. Bidding was brisk, and the attendance was large. Auctioneers quote as follow: New Zealand Loan and Mercantile Agency Co.. Ltd.: Good fat bullocks. £ll 2s 6d to £l2 17s 6d; fat bullocks, £lO 12s 6d to £lO 17s 6d; fat cows, £lO to £ll 10s; ordinary fat cows. £7 to £8 ss: rat wethers, to 34s 9d: fat ewes, 30s 6<l: fat lambs, to 31s; heavy baconers, £3 11s 12s 3 16SI heavy P<> r kers, £2 5s to £2 Farmers’ Co-operative Auctioneering to., Ltd.: A good yarding of beef and mutton. Prime quality beef sold at late rates, but plain and unfinished was easier. Mutton sold well at late rates. vV e quote: Heavy fat cows, £9 17s 6d £ n l2 '\ me A iu ™- £8 to 7s 6d; light. £6 9s to £< os; forward, £5 5s to £5 11s; stores, £2 15s to £3 10s; steer calves, 30s to £2 19s; heifer calves. £2 10s; prime fat wethers. 33s 9d to 36s . ; o^ at^^’ e S hers * * ls tr> 32s fat ewes, to 29s 6d; fat lambs, 26s to 28s 6d; goodnamed shorn store lambs. ISs to 21s 7d* prime heavy baconers. £3 18s to £4 4s : heavy baconers, £3 12s to £3 15s; medium £3 4s to £3 10s; light, £2 17s to £3 is; heavy porkers, £2 9s to £2 Ids; medium, £2 Is to £2 6s; light. 28s to 8s S ’6d S * iPS I ® s to weaners, 2s 6d Dalgety and Company, Ltd.: There a larger yarding of beef than usual. Late rates ruled for prime ox and prime young cow and heifer beef. Second and low grade beef cows were lower. We sold ;U n ‘^ e draft of light weight bullocks at up to £l3 10s. On account of a client ■VU£ e U r Shorthorn fat steers at up to £1- Ids. Runners at £5 13s and £5 ss. *£ime heavy cows at up to £ll 2s 6d. Ordinary prune young cows, £9 to £9 15s Aged cows, £5 7s 6d. There was a fair yarding of store cattle. Late rates were maintained. We sold a draft of store r 3-year Shorthorn steers at £8 6s. t-S 5s and £7 6s on account of Cliffs •estate. We sold 42 mixed sex P.A. weane.rs at £5, also 33 Red Polled mixed sex weaners at £4 16s. One pen small Jersey crossbred heifer calves £2 2s 6d Store cows £2 10s to £4 15s. There was a moderate yarding of fat sheep, which were firm at late rates. Fat wethers, 345; shorn fat lambs. 20s: store wethers. 29s 3d to 275: woollv wether iambs, 22s 9d; shorn wether lambs. 20s; cull lambs, 16s 3d: 73 woolly ewe lambs. ' 24s 9d: 77 woolly wether lambs, 22s 1ld; 33 fat and forward Down cross lambs, 235: 1 pen cull lambs, 17s 9d. There was a large yarding of both fat and store, pigs. Baconers were better, while pork was the same as previous sale. Stores sold at late rates. Heavy baconers, £3 16s to £4 4s: medium baconers, £3 3s to £3 10s: heavy porkers. £2 8s to £2 15s: light porkers. £i 18s to £2 3s; large stores. £1 6g to £1 12»

i s d £ 8 d y A N KS— Aunt, of Com . r« 1 (Vim. of Australia 1 10 i 10 Ditto (con.) ft 14 1>itto < pref. > 7 1 1 0 Ki J., Scot. .v A ust 19 1 1 ft ft 13 6 9 12 6 N *■ w South Wales . 5! 7 6 51 ft >>w Zealand 3 2 3 1 nion of Australia . 15 11 15 •NSU RANCH — A P. A — ft 8 1ft 0 17 ft New Zealand .. .. 9 6 i,j 3 X ft 7 0 South British .. . . 3 6 3 3 6 Standard — 3 4 0 t.UAN AND A GEN Cl— Abraham and WilliantK . . . . 4- 1 ft Ditto (pref ) . . 7 6 D«*lgety and Co. la 12 ft Farmers' Co-op An--. 2 10 ft 16 ft Goldsbrouffh. Mort 2 1 4 ft 2 1.: .Vcwton Kinc? (prof) ft X « N’.Z. and River Plato l 12 0 V.Z. Guar. Coro. ft X X S Z. Do an and Merc*. 12D <> ft 126 0 ft Ditto (pref.) .. . XI) 0 0 N. Auck. Farmers <*o-op. ford.). ft 2 r, Ditto (B pref. > 0 11 ft 0 9 0 £OA_L>— Grey Valley 1 3 ft 1 ** 6 Hi!< urangri ft 6 1 »ltto ( prof. » ... 0 X 3 ft 3 Ditto A (.pref ) 0 a ft 0 4 9 Renown 0 is Ditto (pref > . . . . 0 ?, 2 • 1ft Ta upiri *.. 1 fi 1 3 r>itto (pref.) . .. 1 3 ft \A a i pa n 12 ft 12 ft '( tstport-Stookton ft 3 ft 10 Ditto (pref.) . . . . — 0 3 6 (i A S— A tick land 1 4 4 1 4 o Ditto (con > . . . . ft IX 1 ‘.is borne f» 13 ft 0 10 9 SHIPPING— Devonport Steam . . 1 4 3 1 5 ft Huddart-Parker . . z s ft 2 4 9 Ditto (pref.) 1 ft .Northern Steam 1 < 10 Ditto fcon. ) . . 0 7 4 0 7 0 P. and O. (def. stock) 3 1 ft — f’nion Steam (pref.) 1 0 6 TIM BEK— Bartholomew . . . . t I K 0 IX 0 Fvauri Timber . . . O IX ft ft 17 9 r.eyland-O’Brien 1 14 ft ! 13 6 National 0 9 0 ft 5 0 Parker-Lamb . • .. 0 19 0 0 16 0 WOOLLEN— Kaiapoi ft 14 6 (1 14 ft Ditto fcon.» .. . . (1 4 0 Ditto (pref.) .. .. 0 lb 9 BREWERIES — c L«. Innes (pref.) 1 ft ft N.Z. Breweries . . 5 3 0 3 2 6 MISCELLANEOUS-. Auck. Arntis Park . 0 X ft Ditto (pref.) 0 13 0 Aunt. Iron and Steel • . . . . . . . 1 1 ft British Tobacco 2 8 0 2 7 9

Burns, Philp .. .. 2 9 0 — By croft, Ltd — 1 12 6 Checker Taxi .. .. 0 7 ft 0 1 ft Colonial Sugar . . Dominion Pictures . 60 5 0 1 1 ( Ditto (pref.) .. .. 1 Donaghy’s Hope . . Electrolytic Zinc — 1 13 C Ditto (pref.) . l 1ft ft 1 15 9 Farmers’ TVading . 0 8 9 8 Ditto A (pref. > 0 17 3 Ditto, B (pref.) . 0 14 0 Fullers’ Pictures l 0 0 Dear Meat . . .. 2 3 6 Grey & Menzies 0 3 0 9 Hayward’s Pictures 1 1 ft 1 Henry Jones Co-op. 1 H.M. Arcade Theatre (pref.) 1 1 0 Milne and Choyce.. l Ditto (pref.) .. .. l 5 Ditto B (pref.) 1 5 Ditto (deb. stock) 1 ft 3 X.Z. Farmers* Fert. 1 2 0 l l X.Z. Paper Mills . 0 18 X.Z. Refrig. (con.» 0 7 6 0 / ft Robinson Ice Cream l 0 Sanford, Ltd. (pref.) Taranaki Oilfields 1 0 ft 0 ft 19 7 1 Thame* Theatre Victoria Nyanza — 0 10 0 Sugar . . ... . . Whittom* Stevenson Wilsons Cement ““ 9 MINING— 0 2 3 0 1 1 Moanatairi (paid) Lucky Shot (4s pd.) 0 l 4 ft X 0 0 9 Ditto (con.) .. 0 7 Maoriland (con.) Occidental-Una o 9 6 — (2s paid) 0 7 0 0 Ohinemuri- (ord.) 0 8 9 0 8 Ditto (pref.) .. 0 ft Waihi 0 14 0 0 13 8 Wafhl Grand June. . 0 0 10 Mount Lyell .. DEBENTURES — Auckland Gas, 1932, 2 4 0 3 6 p.c 94 0 Ditto, 1935, 6* p.c. Auckland Harb. Bd., 103 0 0 5S p.c Auckland Harbour — 100 0 0 Board, 6 p.c. City of Auckland. ~ 103 0 0 1940, 5* p.c. 0 ft Ditto, 1943, o£ p.c-. Hamilton Fire Board, — 100 0 0 0 P.c 104 0 o Bor. Mt. Eden, 6 p.c. Frank ton P. Board, 103 0 0 5J per cent 103 0 0 X.Z. Breweries 6 Gisborne Sheep- * 1 6 3 10 0 — 94 ft GOVERNMENT BONDS War Loan, 1938, 4i 100 0 0 99 10 ft Ditto, 1939. 4£ p.c. 99 10 Ditto, 1933, 5i p.c. 99 0 0 Ditto, 1933, 5i p.c. 101 10 0 — Ditto, 1936, oh P.c. . INSCRIBED STOCK. — 101 5 0 War Loan, 1938, 4£ mo 2 ft Ditto. 1939, 4£ p.c. 100 2 ft Ditto, 1927-41, 51 . 100 0 0 Ditto, 1933, 51 p.c. 99 ft Ditto, 1933, 5 h p.c. 101 10 ft Ditto, 1936, 5£ p.c. 101 10 ft 101 5 0 Ditto, 1941, 5 p.c. 99 10 0 A 101 10 Op.c. mbp wkwmp ykwp yypp