FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 759, 4 September 1929, Page 10

FINANCE & MARKETS

N.Z. Insurance Firm

Waihis Steady THE insurance market is steady, occasional sales reported. Xew Zealand have steady buyers and shares are firm .Waihis have firmed to sales 13s 2d.

Banks are still selling freely. Australian of Commerce are steady at 365. Australasia are firmer. Commercial of Australia are selling, last sale, 29s lid, English, Scottish and Australian aro inclined to firm. Union of Australia are also improving. Coal shares are active. Grey Valley have firmed to sales 275. leaving a strong market. Hikurangi have steady buyers. Renown are less active. Taupiri are steady. Westport-Stockton, both issues, are asked for. * « In the miscellaneous, Australian f 'class are exceptionally firm. British Tobacco are also improving. Colonial Sugar have steady buyers, last sale £3 7 10s. Farmers’ Trading ordinary have improved to sales 9s 7d. Farmers’ Fertiliser sold this morning at 225. Santord are in demand. Sharland. both issues, have persistent buyers at 21s 6d. Wilsons Cement are quiet. Local body debentures remain firm, few sellers appearing. Government bonds and stock are still in demand, a n numerous buyers are quoting. * $ ** Yesterday afternoon’s business:—On 'Change: Taupiri Coal (rights), 6s 9d. Reported: Commercial Bank of Australia. £1 19s lOd: National Insurance, 16s Sd: Grey Valley Coal, <£l 7s; Colonial Sugar, £57 10s: Farmers’ Trading (ord.). 9s 7d: Sanford (ord.), 18s d; New Zealand Breweries (deb.), £1 8s 4d.

Business at this morning’s early call: —On ’Change: New Zealand Government War Loan, 1938, 4£ per cent., £IOO. Reported: Commercial Bank of Australia, £1 9s lid; Auckland Gas, £1 4s 6d; Northern Steamship, 14s 6d; New Zealand Farmers’ Fertiliser, £1 Business at to-day’s midday call: Reported: Commedeial Bank of Australia, £1 9s lid; National Bank of Australasia (paid), £l9 14s Cd; Bank of New South Wales, £52; Wright, Stephenson (ord.), £1 6s 6d; Devonport Steam Ferry. £1 Is; New Zealand Breweries, £ 4 ss. Calls and Dividends Dividends— Due. North Auckland Farmers’ Co°p —6 p.c. p.a. (pref.).. .. Sept. 5. Electrolytic Zinc—6 p.c. pref. and ord. (final) Sept. 6. Howard Smith—2£ p.c. ord. (int.) Sept. 10. Holden's Motors—3s a share ord. (final); S p.c. p.a., A and B pref Sept. 11. Huddart-Parker—s p.c. ord., 3 p.c. pref. (int.) Sept. 19. Ivaiapoi Woollen—4 p.c. p.a. ord.: 6 p.c. p.a. pref Sept. Kempthorne Prosser—4i p.c. (int.) Sept. Hume Pipe—S p.c-. p.a. (final).Sept. SO. Whittome Stevenson, 2s a share (final) Sept. SO Bank of Australasia—7s a share (int.) About Oct. 5. Calls— Taranaki Oilfields—ls a share Sept. 11.

TODAY’S QUOTATIONS

NEW ZEALAND APPLES MARKET IN GERMANY ( Australian and N.Z. Press Association) LONDON, Monday. Mr. H. E. Stephens, of the New Zealand Fruit Board, visited Rotterdam in connection with a consignment of the Norfolk’s apples transhipped from London which were considerably overripe. He explained that this was due to refrigeration difficulties before shipment and was not likely to occur again. Afterward Mr. Stephens motored to Frankfurt. There he found good New Zealand apples from other cargoes on the table at every hotel. TAUMARUNUI STOCK SALE {From Our Own Correspondent) TAUMARUNUI, Tuesday. All classes of stock were well represented at the fortnightly sale today, and a keen sale resulted. Values ranged:— Sheep.—Wether hoggets. 25s 7d; ewe hoggets passed in at -Ss Gd; mixed sex hoggets, 21s 9d to 225; forward wethers, 29s 6d. Cattle.—Prime fat bullocks, £l4; store bullocks. £8 9s to £9 19s; run cows in calf, £4 17s: yearling heifer calves. £3 4s; empty heifers. £4 15s to £6 Is: wellgrown bullocks, £8 7s Cd; yearling Jersey heifers, £6 15s; weaner steers, £2 16s; yearling Jersey bull. £2 15s: dairy cows, *£4 10s to £8 10s; Jersey cows, to £9 ss; dairy heifers. £6 10s to £7 10s. Weaner Pigs.—l7s to 19s. MORRINSVILLE DAIRY COMPANY (From Our Own Correspondent) MORRINSVILLE, Tuesday. The annual meeting of the Norfolk ♦ Motumaoho) Dairy Company was held on Monday. The report stated that the output, a record for the company, had ncreastd to 468 tons, 39 tons more than the previous season. When the final valuations come to hand it was expected that the total payout for the season would be Is 7d a lb butter-fat. All the «hee.se had been sold on consignment. The election of directors resulted:— Messrs. S. A. Ferguson, S. S. Fagan, H. ■ .1. Mclntosh, R. McD. McLeod, and L. F, Hinton. The unsuccessful candidates , •were Messrs. J. H. Gifford and L. W'ooderson. - ]

SUNNY PARK DAIRY COMPANY NEW FACTORY PROPOSED (From Our Own Correspondent J MATAMATA, Tuesday. At the annual meeting of the Sunny Park Dairy Company, held at Te Poi, Mr. J. Bell presided. The annual repent showed a record output of 611 tons of cheese. Figures for butter were slightly lower. Mr. Stopford considered the time was more than ripe for the erection of a butter factory separated from the cheese factory. It had been proved that the fumes from the cheese affected the quality of the butter manufactured in the same building. Factories in Taranaki were installing plants to make butter, cheese or casein and they should be prepared for a quick change over if the circumstances warranted. The sum of £1,500 would erect a building capable of handling 600 tons of butter annually. Mr. Madren explained that the company owned most of the machinery necessary, and it would be a small matter to supply all that was necessary to bring the plant up to date. After considerable discussion the meeting approved of the erection of a factory on the lines put before the meeting. Messrs. C. A. Stopford and C. 11. Dearlove were re-elected as directors unopposed. Messrs. Samson and O'Meara were re-elected auditors.

Clotting quotations at today’s mid-day Buyers. Sellers. i s. d. £ s d BANKSAust. of Cornernrce 1 15 9 1 16 v Australasia 14 9 0 14 12 0 «*om. cf Australia . 1 0 0 l 10 2 Ditto (con.) .. .. 1 4 X Ditto (pref.) .. .. 7 7 o 7 10 0 Knp., J?eot. Aust. S S 6 8 11 0 National of X.Z. . . 6 19 6 Nat. of Australasia ir> 12 0 Ditto (cort.) .. .. i) 12 0 New South \\ ales .. 51 15 0 New Zealand 2 9 :t 6 C’nion of Australia . 15 1 6 lo 5 0 INSURANCE— 0 1.2 D ft 14 3 National 0 16 6 0 16 10 New Zealand .. .. 8 1 X 4 South British .. .. 3 5 6 7 0 J.OAN AND AGENCY— Abrahara & William* (pref.) •4 8 0 4 13 0 Dalgety and Co. .. 15 1 0 15 4 0 Farmers* Co-op. .. 4 0 0 Ditto (B pref.) 0 17 0 0 18 Ooldsbrough. Mort.. Newton Kina .. .. Ditto (pref.) .. .. 0 12 0 0 15 0 X.Z. & River Plate 1 10 6 X.Z. Guar. Corp. . 0 0 6 X.Z. Loan & Merc*. 124 Ditto (pref. > .. .. 84 — N. Auct farmers' Co-op. (ord.) .. .. 6 Wright. Stephenson 1 6 0 4 COAL— Grey Valley .1 6 0 Htkuransi Ditto (pref.) .. .. Ditto (A pref.) .. 6 Pukemiro •> 15 15 6 Ditto (pref.) .. .. 2 Taupiri . . . . .. • • 1 Ditto (pref.) .. .. u 6 Ditto (rights) . - . Westport "Westport-Stookton . ■ Ditto (pref.) .. .. — GAS— 1 4 4 1 4 6 Ditto (con.) .. .. 0 17 9 SHIPPING— Devonport Steam .. 1 0 3 1 1 Huddart-Parker 6 — Northern Steam 6 Ditto (con.) . . ■ ■ 6 P. & O. (def. stk.) Union Steam (pref.) TIMBER— 1 0 9 — National 9 Parker-Lamb .. . * — 0 J WOOLLEN— Katapoi 0 13 9 0 14 Ditto (pref.) .. .. e 6 VrellirsUm — Ditto (pref.) .. .. * ' BREWERIES— C. L. Innes .. .. i 0 6 — Ditto (pref.) .. .. — X.Z. Breweries At ISCELLAXEOUS— l 5 0 — Auck. Amuse. Paxi — 2 0

call were:— Buyers. Sellers A. .T. Entrican (ord.) 0 15 9 Australian Glass 0 0 British Tobacco 0 11 0 Burns, Fhilp .. .. .. 7 0 10 0 Bycroft. Ltd 1 13 0 1 lo 0 Colonial Susar .. .. 57 0 0 Dominion Pictures 1 0 (5 Ditto (pref.) .. .. 1 0 Dunlop Ferdriau .. 1 8 <; t 9 Electro. Zinc (ord.) 1 18 6 l 19 6 Ditto (prof.) .. .. l 18 G 1 19 9 Farmers’ Trading . 0 9 0 9 7 Ditto (A pref.) .. 0 17 0 19 0 Ditto (B pref.) .. 0 14 0 16 0 Gear Meat 4 « Grey and Menzies . 0 10 6 0 12 Hamilton Theatres . 0 19 0 Hayward’s Pictures . 0 19 6 Henry Jones Co-op. 1 13 H.M. Arcade (prer.) 1 1 0 Holden's Motors . . 1 7 0 1 9 Lewis Eady (pref.) 1 0 0 Milne and Choyc® . 1 6 Ditto (pref.) .. .. 1 6 6 Ditto (B pref.) .. .1 6 Ditto (deb. stock) 1 6 9 1 7 0 Morris Hedstrom 1 9 Ditto (pref.) . . . . 0 19 0 X. Z. Farmers’ Fert. l 1 10 1 6 X.Z. Paper Mills 1 0 0 N.Z. Refrigerating: (con.) 0 8 0 0 Rcbinson Ice Cream 1 Sanford. Ltd 0 18 0 18 Ditto (pref.) .. .. 10 1 1 6 Sharland and Co. .. 1 1 6 Ditto (pref.) .. .. I 3 6 Taranaki Oil Fields 0 4 4 0 4 10 Whit tome-Stevenson 11 0 Wilsons Cement — 2 4 6 MINING— Alburnia 0 1 o 0 0 Moanataiari (paid). 0 9 0 1 l Ditto (con.) . . . . 0 0 1 0 0 4 Lucky Shot (4s paid) 0 1 0 0 1 6 Ditto (con.) .. .. 0 0 0 1 0 Mt. Welcome (paid) 0 0 3 Ditto (con.) .. .. 0 0 Ohinemuri (ord.) .. 0 10 8 0 11 0 Waihi 0 13 1 0 13 6 Waihi Grand June. 0 l 8 0 1 11 Broken Hill South 3 10 0 12 0 Mount Lyell 6 6 Kuala Kampar Tin . 0 13 4 0 13 lij DEBENTURES — Auckland Gas, 1932, b per cent. .. .. 96 0 0 Auckland Har. Bd., 99 0 0 Ditto, 51 p.c 101 0 0 City of Auckland, 1940, 51 p.c 99 0 0 Ditto. 1936, 51 p.c. 99 0 0 Ditto, 1943. 61 p.c. KM 0 0 Bor. ML Eden. 6.. 104 10 0 Bor. Mount Albert, £5 14s per cent. . 102 10 0 X.Z. Breweries 1 8 4 1 8 Gisborne Sheepfarmers — 97 0 GOVERNMENT BONDS— War Loan. 1939, 4i 100 0 0 — Ditto. 1941. 41 p.c. 100 0 0 Ditto. 1933. 5i p.c. 99 10 0 Ditto. 1933, 61 p.c. 101 5 0 Ditto. 1936. 51 p.c. 101 5 0 INSCRIBED STOCK 100 0 0 Ditto, 1027-41, 5J 99 10 0 100 10 0 Ditto, 1933. 51 p.c. 99 10 0 Ditto, 1933. 51 p.c. 101 Ditto. 1936. 64 p.c. 101 5 0 —