FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 836, 3 December 1929, Page 10

FINANCE & MARKETS

An Irregular Market

Position on ’Change

By

“Xoon Call.”

AX irregular market continuing under the domination of bearing influences from across the Tasman lias been registered on ’Change over the past 24 hours.

FLUCTUATIONS Price movements, shown by a comparison of sales on the Auckland market over the past 24 hours with the price at the time of the previous reported sale, include: Mount Lyell Mining, fall of 11d on the market in Christchurch yesterday. Leyland-O’Brien, fall of 3s 4j.d since the last recorded sale, made, cum div, in October. British Tobacco, rise of Is. Waihi Mining, rise of 7d. * * * Business on Auckland Market Transactions on the Auckland market over the past 24 hours liavo included the following: Yesterday afternoon: LeylandO’Brien Timber. 2Ss lid: British Tobacco. 45s 3d. At the morning's early call:—Goldshrough, Alort (rights), 7s: Mount Lyell Mining. 40s lOd. At midday.—Waihi Mining. 13s 7d; Electrolytic Zinc (prof.). 33s lOd. Market at Midday The present must be a difficult time for brokers. With so many influences operating from across the Tasman, an accurate forecast of near-futu.re movements of price levels seems almost impossible. The banking group continues to find sellers predominating. Commercials of Australia are slightly firmer, with buyers in at 25s lid, following sales in Christchurch yesterday at 26s and 2 0s Id. New South Wales are also a littlo firmer, with buyers for small parcels in at £ 41 ss. At this price the return, based on the latest dividend, is approximately £4 16s lid per cent. In the loan and agency group. Golds-

I brougli Morts were active in the South I yesterday at around 40s, a price which j allows a return, based on the 15 per cent, dividend, of approximately £7 10s pe.r cent. New Zealand Guaran- ; tee Corporations are sought at 8s 3d, : with no sellers. Sales of this scrip j were made in the South yesterday at j Ss Sd. a price which allows a return I of approximately £7 13s lOd per cent. Tobaccos are firmer, stiles taking place at 45s 3d, compared with 44s 3d a week ago. Taranaki Oils are neglected, and sellers at 4s 2dvare unsupported. Waihi mining scrip continues to move toward higher levels. The market lor these shares is very firm. Mine Managers’ Reports I Aline managers report: } Golden Age.—“ The drive on Fox's ! leader has been extended S feet for I the week. The leader is 6in. wide I **nd a good deal of chrome and pyrites i has been seen in the ore during the j week.” ! Lucky Shot.—“ln the stopes north of No. 2 winze at the intermediate level vlio leading stope has been carried along a further distance of 12 feet. Tlio reef is lOin. wide. In the drive south the reef still maintains its size of 2ft. The battery started crushing yesterday.” Dividends Payable __ , Due. Bank of N.Z.—interim. Is 4d a share ~ ~ ~ Dec, 7 Amalgamated Wireless—S p.c. P- 2 - Dec. S Mount Lyell—final. 2s 9d a share Dec. IS Kauri Timber—3 p.c, .. About Dec. 13 Loan and Mercantile Agency Co.—final, pref.. 25 p.c, and ord.. 5 p.c. .. Dec.

TODAY’S QUOTATIONS

NEW ZEALAND FRUIT

BIG SALES EFFECTED (United P.A.—By Telegraph — Copyright) Reed. It a.m. LONDON, Monday. The New Zealand Fruit Board sold forward 82,000 cases of apples to Holland, and 75,000 cases to Hamburg.

CHICAGO WHEAT MARKET

V luted P.A. —By Telegraph—Copyright Reed. 11.55 a.m. CHICAGO. Monday. Wheat.—December, 1 dollar 2S 3-S cents: March, 1 dollar 35 3-S cents; May, l dollar 39 3-S cents; July, 1 dollar 39 j cents.

BUTTER AND CHEESE

Merchants report receipt of overseas cables as follow: The Bank of New Zealand has received the following advice from its London office as to the close of business last week:—“Butter: Dull. 16(>s to 168 s. Cheese: Dull, white 945; coloured 925.” Joseph Nathan, from Trengrouse and Nathan, Ltd., London:—“Butter mar-, ket stagnant at 1665. Cheese market Quiet, white, 945; coloured, 925; market quiet.”

Dalgety and Company. Limited, from their liOndon house dated December 2:—Butter; The market is weak. New Zealand finest salted, 164 s 16Ss; Australian finest salted, 162 s Cheese: The market is slow. Zealand white. 93s to 945; col-

WOOL SALES AT SYDNEY

GOOD COMPETITION

(United P.A.—By Telegraph — Copyright) SYDNEY, Monday. At the Sydney wool sales 10,44 G bales were sold. The market was about equal to last week, with good competition by the Continent, Japan, Russia and Bradford. Greasy Merino brought 223 d.

COMPANY REGISTRATIONS

Following are brief particulars of two recent private company registrations at Auckland; Otorohanga Shingle Company, Limited, shingle and gravel dealers and quarriers. Capital. £4.000 in £ 1 shares. Subscribers: Edward Martin Edkins. August Carlson, John lierlihy, and William Vincent Lorigan, 800 shares each; William Douglas Shand and Frederick fcScott Greenshields, 400 shares each. Hauraki Fruitgrowers’ Sales, Limited, orchardists and fruit preservers. Capital, £1.250 in £1 shares. Subscribers: John Schofield Triggs and William John Rodgers, 100 shares each; George Eustace Nalder, Henry Walter Cranwick, Norman James Wilkinson, Bertram Arthur Meek, Arthur Ernest Lambert. Alfred Ernest Hill, George Jarvis Ellis, Arthur Briggs, Robert John Alexander, Kelvin George Warren, James Arthur Lambden, Charles Selwyn Tilly, John James Ker, Timothy Carr Enwright. William St. Leonard Gissing, Gerald Walter Maunsell, Eric Percy Livingston Cooke, James Graham Wilson, David Gibb Thornton. Arawa George Worrall and Tom Vernon Frost, 50 shares each-

Closing quotation* tt today’s mid-day Buyer*. Seller*. d. £ s. d. BANKS— Australian of Com. Australasia ' oni. of Australia . 1 11 «* Ditto (pref.) .. . . Lug., Scot. Sc Aust. National of N.Z. .. Nat. of Australasia Ditto (con.) .. .. \ ew Sou t h W ales. 11 0 New Zealand 0 Ditto, D. Mort . . l s 0 » nion of Australia 13 1 0 14 0 0 INSURANCE— National 0 New Zealand .. .. •> South British .. .. 3 4 0 3 G LOAN AND AGENCY Abraham & Williams (pref.) 4 12 0 Dalgety and C«>. . . 13 Dominion investment and Banking. 1 ai mers’ Co-op. Auc. Coldsbroutfh. Mort.. 1 19 0 Ditto (rights) 0 7 N.Z. Sc River Plate 1 10 0 N.Z. Guaran. Corp. 0 S N. Auck. Farmers’ Co-op (ord.) .. .. 0 ,*» 0 I »itto I> (.pref.) 0 11 0 Reliance Conn . . . . Reliance Loan (pref.) — 1 4 0 COAL— Grey Valley .. 1 r» llikurangi Ditto (pref ) .. .. 0 4 0 Ditto A (pref.) .. 0 3 Pukemiro 1 1 Renown 0 16 6 Ditto (pref ) . . . 0 3 Ditto (new issue) 0 It Taupiri 1 s 9 Ditto (pref.) .. .. 1 W aipa .. .. .. — 0 14 6 GAS— Auckland 1 5 1 Ditto (con.) .. .. 0 IS 4 0 19 0 SHIPPING— Devonport Steam .. l o 6 n 6 I Toward Smith 1 1 1 »> Hiuldart-Parker 1 Northern Steam 0 1 4 <; P. A* O. (def. stk.) 11 0 Union Steam (pref.) 1 0 G — TIMBER— P.artholomew t 0 9 Kauri Timber .. . . 0 15 0 0 17 G Ley land-O’Brien 1 3 National 0 8 0 0 9 2 Parker-Lamb .. — 0 IS 0 WOOLLEN— Kaiapoi 0 13 0 Ditto (pref.) .. .. 0 14 0 0 10 0 BREWERIES— C. L. Innes 1 1 0 Ditto (pref.) .. .. 1 1 0 N.Z. Breweries .. .. 4 o 0 4 7 0 MISCELLANEOUSAustralian Glass . . •> British Tobacco . . 5 2 s Bycroft. Ltd 1 10 6 1 14 0 Colonial Sugar .. .. 50 0 0 Dental and Medical 0 10 0 —

call were:Buyers Sellers. d. £ s. d. Dominion Pictures . 0 Ditto (pref.) .. .. Dunlop I’erdriau 1 14 electrolytic Zinc (ord> 1 14 0 Ditto (prof) .. .. 1 13 9 1 14 Farmers’ Trading . . Ditto B (pref.; .. 0 13 0 Faterine »tear Meat Grey and Menzies 0 10 6 Hamilton Theatres . 0 18 0 Hayward's Pictures ft 18 Henry Jones Co-op. 1 12 G H.M. Arcade Theatre (pref.) 1 1 0 (pref.) 1 0 S.X. Drus 13 0 1 4 0 Lewis Eady (ord.). 1 Ditto (pref.) .. .. 1 0 0 Milne and Choyce. (deb stock) .. .. 1 0 Morris Hedstrom (pref.) 0 IX' 0 Farmers’ Fertiliser . 1 0 1 0 N.Z. Refrigerating (con.) 0 0 9 Northern Boot 0 s Sanford, Ltd 0 IS 3 Ditto (pref.) . . . . 0 19 G 1 1 S. It. Maxwell . . . . 0 4 G G Taranaki Oil Fields . 0 4 Tonson Garlick 0 G G 6 L nion Oil G \ ictoria Xyanza Sugar . . 0 Whlttome- Stevenson 2 6 0 Wilsons Cement 2 1 0 2 1 9 MINING— Alburnia 0 1 0 Moanataiari (paid) . 0 0 6 0 1 1 Ditto (2s 2d pd) 0 0 1 u G Ditto (Is Gd pd.) 0 0 Kawarau 0 0 3 0 0 G Lucky Shot (is pd.) 0 0 8 ft 1 4 Ditto (con.) .. .. ft ft 1ft Ohinemuri (ord.) 0 9 6 0 10 Waihi 0 13 6 0 13 Waihi Grand June. ft 1 21 0 1 6 Mount t.yell ft 1ft 1 Kuala Kampar Tin ft 9 1ft Rawong 0 6 9 Rawong Concessions 1 9 0 i 10 0 DEBENTURES— A tick. Harbour Board. 100 10 ft Ditto, 6 p.c. .. .. 103 0 0 City of Auckland, 1943, 5£ p.c 100 10 0 Auck. Fire Board. G 100 0 0 Bor. of Devonport, 103 0 0 Bor. of .Mt. Eden. 6 . 103 0 0 \\ illiamson’s Films 104 10 ft N.Z. Breweries 1 s 0 1 8 Gisborne Sheepfarmers — 99 0 0 GOVERNMENT BONDS— War Loan. 193S, 4J, 100 0 0 100 10 0 Ditto. 1939, 4i p.c. 100 0 0 100 10 0 Ditto. 1941. 4£ p.c. 100 0 0 Ditto, 1933, p.c. 99 12 6 Ditto, 1933, 57j p.c. lftl ft ft Ditto, 1936, 5£ p.c. 101 2 G — INSCRIBED STOCK War Loan. 193S, 4} 100 0 0 Ditto. 1929. 4’. p.c. 100 0 ft 100 0 Ditto. 1927-41. 99 m 0 Ditto, 1933, f-i p.c 99 13 6 Ditto. 1933, 5J p.c. mo G Ditto, 1936, 51 p.c. 101 5 0 —