FINANCE & MARKETS
Healthy Trading Business Over Wide Range
By
“Noon Call.”
HEALTHY business on a slightly fluctuating market was reeorded on ’Change this morning. Interest was spread over a fairly wide range.
FLUCTUATIONS Price movements shown by sales over the past 24 hours, when compared with the price at the time of the previous recorded sale, include;— N.Z. Brev*eries, fall of lod. Bank of N.Z., fall of 3d. British Tobacco, fall of 3d. Mount Lyell Mining, fall of sd. Renown Collieries (ord.), fall of 3d. N.Z. Refrigerating, rise of Id. Business yesterday afternoon:—X.Z. Breweries. 6:2s 7*d; British Tobacco, -47 s 9d; Haywards Pictures, 20s 6d; Mount Lyell, 43s 9d; N.Z. Inscribed Stock, 1927-29, ok per cent., £99 10s. Business at this morning's early call: On 'Change—Taupiri Coal, 26s 6d; Milne and Choyce, 2Gs. Reported—--Pukemiro Collieries, 6.75: New Zealand Refrigerating: (con.), 7s 3d. Business at mid-day: On 'Change— Bank of New Zealand, 625. Reported —Renown Collieries, 17s 3d. • * * In the banking group, the market for Commercials of Australia, which has been gradually moving up over the past month or so, touched 30s in the South yesterday. This morning, buyers had a firm offer in at 30s, with sellers asking 30s 3d. At yesterday’s selling price the return, based on the latest dividend, would be £3 per cent. New Zealands are slightly easier,
with sales at the mid-day call at 3d under yesterday’s market. Coals are receiving slightly more attention. Renown ordinaries, which have been more or less neglected for the last two months, and have not seen a sale since the second week in March, were dealt with outside the room this morning at 17s 3d, 3d under the previous recorded price. Pukemiros, dealt with at 65s this morning, are slightly under the cum-dividend level. In the miscellaneous section, Sanfords, Ltd., hold their recent improved strength, and the preference scrip were sought at par this morning, compared with a market at 19s a little over a week ago. A slightly better demand has set in for Farmers’ Trading ordinaries. buyers offering Id more than the price at the time of the last recorded sale, without drawing a seller below 8s 9rl. Waiki mining scrip is attracting more attention, with holders asking 14s this morning. The shares met with a fairly widespread demand at up to 13s 9d. The big parcels, which came on the market a month or so ago and were partly responsible for the weakness in the market, have mostly been disposed of. and dealings at the moment are largely cohfined to small parcels.
TO-DAY’S QUOTATIONS
SOUTHERN EXCHANGES
YESTERDAY’S SALES t Press Association 1 Wellington.— National Bank of Australasia (£lO paid). £l9 12s 6d; £3 paid, 1 £9 12s 6d; Bank of New South Wales, > £6l ss: New Zealand Guarantee Corpor- : ation, Ss lOd (two parcels); 5i per cent, c Stock, 1932. £99 12s 6d; Wellington < Woollen (ordinary), £7 ss. t Christchurch. —New Zealand Government 4i per cent. Inscribed Stock. 1938, t £100; Commercial Bank of Australia, f 30s (two parcels): Bank of New South ! Wales £sl ss: Union Bank of Australia, c £ls 10s 6d; Goldsbrough. Mort, 53s 9d e (four parcels): New Zealand Guarantee . Corporation. Ss lOd; Timaru Brewery, \ 3 4s: Australian Iron and Steel, pref., * «um diw, 21s 3d (two parcels): British s 'Tobacco, 47s lOd; Dunlop Rubber, cum t div.. 28s 7tl (two parcels): Mahakipawa, i is id (three parcels); Mount Lyell. 45s . lid. v Dunedin. —Australian Bank of Com-* \ merce, 365. j. t
DISTRICT STOCK SALES
AUCTIONEERS’ REPORTS Stock auctioneers report on sales held throughout the district during the weeu as follows: The New Zealand Loan and Mercantile Agency Company, Ltd., report: Sales were held during the past week at Westfield. Warkworth. Pukekohe (cattle and pigs) and Waiuku (cattle and pigs). All classes of catlle and pigs sold readily at late quotations. Dairy cows and heifers, close to profit, best, made £lO 5s to £l3; others £8 to £10; backward springers. £6 to £9 10s: aged cows and inferior heifers, £3 to £5 10s: bulls, £2 10s to £9, according to weight and quality; empty cows. £3 to £5 10s: heifers. suitable for dairy purposes. £5 to £S 15s: yearling heifers. £2 to £4 10s: yearling to 18-months steers. £3 10s to £5 ss; two to two and a-naif year steers. £5 10s to £6 17s 6d: three to three and a-half year steers, £7 to £S 10s; four to four and a-half year steers. £S 15s to £9 15s; grown steers in forward condition, £lO to £lO 15s. At Pukekohe and Waiuku we report good sales of pigs, all fat pigs realising Westfield quotations. Values for store pigs have improved slightly. Alfred Buckland and Sons. Ltd., report: During the week we held sales at Westfield, Waiotira. Maungaturoto, Fokcno, Clevedon. Turua and Runciinan, also a pig sale at Waiuku. There were average yard mgs and nriees realised weie similar to those ruling at recent sales. Best dairy cows and heifers made £i ■ to £ls 10s: second grade. £S 10s to £lO 13s; others, £4 to £8 ss; empty young cows and heifers, £3 to £5: boner and store cows, £2 to £4 15s; fat steers, £lO 15s to £l4 ss: heavy prime young cows and heifers. £S to £lO ss: lighter fat cows and heifers. £5 to £7 17s »d: cows with calves. £6 to *2 9 ss; grown steers in forward condition, £9 10s to £lO 7s; three to four-vear-old steers. £S to £9 ss: two to three-year-old steers. £7 to £S; yearling to !8-mon:hs-old steers. £4 15s to £6 10s; IS-months to two-year-old in-calf dairy heifers. £5 to £9 10s, according to quality; wellbred heifer calves. £3 to £5; steer calves. £3 to £4 7s 6d; calves, mixed sexes. £2 5s to £3; smaller calves, £1 12s to £2 4s: small calves, £1 5s to £1 10s: heavy bulls, £7 to £9; sound young herd bulls, £4 10s to £S 10s; other bulls. £2 to £4 os; four-tooth to F.F.M. ewes, in lamb. £1 Ss 6d to £1 12s: older ewes in lamb. £1 4s to £1 7s 6d; store wethers, £1 8s 6d to £1 10s; store lambs, 15s to £l. Pigs at Waiuku sold at Westfield values. WOOL SALES AT SYDNEY (Australian and X.Z. Press Association j i SYDNEY, Wednesday. i At the Sydney wool sales to-day 11.135 bales were sold. Competition was well ; maintained for nil lines showing fine j quality, and prices were equal to the l.'os.t of the week. Greasy Merino sold ;
Closing quotatoins at to-day’s midday c Sellers. Buyers. £ s d £ BANKS— Aust. of Com. .. .. 1 3 6 1 15 10 Australasia. 14 17 0 14 15 0 Com. of Australia . . 1 10 1 10 0 Ditto (con. > ft ! 4 0 Ditto (prei.) . . . . 7 11 0 7 6 Eng., Scot & Aust. S 16 0 .National of Australasia (con.) 9 14 0 n 12 6 Xcw South 5\ ales .. 51 6 .N>w Zealand . . .. 0 Ditto (D Mort. i . . 1 X T'nion of Australia . 15 11 0 15 s ft Queensland Nat. •. — 9 13 0 INSURANCE— National .. .. •*. 0 16 7 0 16 4 N c tv Zealand .. .. 6 Queensland 0 7 0 South British .. . . 3 6 6 Standard — 3 1 G LOAN AND AGENCI— Abraham and Williams 4 1 0 Ditto (pref.) . . .. 4 9 ft Dalgrety and Co. .. 15 12 Farmers’ Co-op. A ue r, io 0 16 0 Goldsbrough. Mort . 2 14 13 Newton King (pref) 0 X N.Z. arid River Plate l 12 ft X.Z. Guar, Corp. .. 0 X X N.Z. Loan and Merc. 120 0 0 1 26 ft 0 Ditto (pref ) .. .. SO 0 0 N. Auek. Farmers* Co-op. IJ (pref.) .. 0 11 6 0 9 6 Grey Valley 1 3 6 1 9 llikuranpri 6 Ditto (pref.) .. .. 0 s 0 ft 7 Ditto A (pref.) .. 0 5 6 0 4 9 Pukemiro 3 6 0 Renown 0 IS 0 0 16 9 Ditto (pref.) .. . 0 10 Taupirl * . . 1 6 9 1 6 Ditto (pref.) .. .. 1 3 0 V aipa .. 0 12 6 ft 1 1 9 At estport — 0 2 10 N\ estport-Stockton . ft 10 Ditto (pref.) .. .. — 0 3 6 GAS— Auckland 1 4 4 1 4 1 Ditto (con.) .. .. 0 IS 4 ft 1 S » -isborne 0 13 0 10 9 1\ hangarei 0 15 0 — SHIPPING— Devonport Steam .. 1 4 S JIuddart-Parker . . 2 5 6 9 Ditto (pref. ) . . .. 1 0 ft Northern Steam 14 1ft Ditto (con.) .. .. 0 7 4 0 0 P. anrl O. (def. stock) 3 l 6 Union Steam (prof.) 1 0 6 TIMBER— Bartholomew .. .. 1 1 R o IS ft Kauri Timber . . . 0 17 9 ft 17 Ueyland-O’Brien 1 14 6 1 13 National 0 0 0 0 5 0 Parker-Lamb .. .. 0 19 0 — WOOLLEN— Kaiapoi 0 14 6 ft 14 0 Ditto (con.) .. .. 0 4 0 Ditto (pref.) .. .. — 0 1 o 9 BREWERIES— L. Innes (pref.) 1 ft ft N.Z Breweries .. .. 9 6 J. Staples — 2 5 0
call were:— Sellers. Buy MISCELL AN EO U 55— Auck. Amus. Park . n - ft Ditto (pref.) 0 13 0 — Aust. Iron and Steel (prof.) 1 1 6 1 ft 9 Australian Glass .. S O 0 British Tobacco 7 6 Burns, Philp .. .. 8 9 By croft, Ltd l 12 6 Checker Taxi .. .. 0 0 1 Colonial Sugar .. .. 80 0 Dominion Pictures . l 1 6 Ditto (pref.) .. .. 1 1 S Donajhy’s Rope .. . l 13 6 Electrolytic Zinc lord.) 1 15 9 l 14 Di tto (pref.) . . . . 1 16 9 1 15 Farmers’ Trading . 0 8 0 8 Ditto, B (pref. ) . 0 14 ft Gear Meat 6 Grey & Menzies ft 10 9 Hayward’s Pictures 1 1 0 1 0 0 H.M. Arcade Theatr 1 1 0 Holden s Motors 1 Milne and Choyce . l 9 l>itto (pref.) . . .. 1 r> 9 1 9 Ditto (deb. stock) 1 6 1 N.Z. Farmers’ Fert. 1 0 1 i N.Z. Paper Mills . 0 is 6 Robinson Ice Cream 1 6 Sanford. Ltd. 0 19 ft Ditto (prel’.* .. .. 1 ft 1 0 0 Taranaki Oilfields . 0 0 0 Victoria Nyanza Sugar 2 W bittern* Stevenson 10 0 Wilsons Cement — 2 i MINING— Alburnla (2s Sd pdO ft •> 0 ft 1 6 Moanataiari (paid) . 0 l 4 0 0 9 Lucky Shot (4s pd.) 0 0 9 Ditto (eon) .. .. 0 0 7 Maoriland (con.) 0 <) 6 Occidental- Lna (2s paid) 0 0 7 0 0 3 Ohinemuri (ord.) 0 s 9 0 s 3 Ditto (pref.) .. .. 0 9 0 Waihi 0 14 0 0 13 9 Waihl Grand June. . 0 in Mount Lyell 2 4 3 2 3 3 DEBENTURES— Auckland Gas, 10112. 0 0 Ditto, 1935, 6i p.c. 103 0 0 Auckland Haro. Bd. 100 ft 0 Ditto, 6 p.c 103 0 0 City of Auckland, 1940, 51 p.c. 99 0 0 Ditto, 1942, 5i p.c. 100 0 0 Hamilton Fire Board, 104 0 0 Bor. art. Eden, 6 p.c. 103 0 0 N.Z. Breweries .. .. 1 6 6 1 6 Gisborne Sheepfarmers .. 97 10 0 90 0 0 GOVERNMENT BONDS War Loan. 193S, 41 100 0 0 99 10 0 Ditto, 1939. 41 p.c. 99 10 (1 Ditto. 191»o, 51 p.c. 99 0 Ditto, 1933, 5J p.c. 101 10 0 101 ft 0 Ditto, 1936, 51 p.c. . — 101 5 0 INSCRIBED STOCK • War Loan. ly38, 4J 100 6 Ditto. 1939, 41 p.c. 100 6 Ditto. 1927-41, 54 99 0 0 Ditto, 1933, 54 P.c. 99 0 0 Ditto, 1933, 51 p.c. 101 10 0 101 ft ft Ditto, 1936, 51 p.c. 101 0 Ditto, 1941, 5 p.c. 99 0 0
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Bibliographic details
Sun (Auckland), Volume III, Issue 641, 18 April 1929, Page 10
Word Count
1,923FINANCE & MARKETS Sun (Auckland), Volume III, Issue 641, 18 April 1929, Page 10
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