STOCK EXCHANGES

New Zealand Herald, Volume LXXVIII, Issue 23923, 25 March 1941, Page 3

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS In the followingjflist of yesterday's sales, yields allow rfor exchange and British income taj| where necessary, and, in the case of* loans, redemption and brokerage:— AUCKLAND EXCHANGE Sale Price Rise or Yield £ s d Fall £ s d A.TT.B., J 0/0/50, -1% . - 107 0 0 ... 3 15 0 Am. 13k., (Wgtn.), 31/3/44. o JI« .12 a -2sßd 5 10 io Bank X.Z. . 2 1 3 -Id 4 17 0 X.Z. Ins\ (2) 3 2 0 -3d 3 4 0 §South Flrit i>li 2 10 0 SAus. Al. Steel 0 8 3 I Broken Kill (odd lot) 2 2!) H)o. frts.) 0 18 2 +l,l _ Ditto . . o IS 3 +'_' d Farmers' Trad, o in o -Id 7 4 2 Morts Dork (2) 0 IS 0 -fid 0 9 0 Wilsons Cem't 0 1!) 4. Also,—Auckland Gas Perpetual Stock, £97 7s Od. Wellington.—X.Z. Insurance, 023 Orl j Colonial Sugar, .CM; G. J. Coles, Cos; Wilsons Cement, 19s 4d (2); Woolworths fSyd.) t 17s 3d (3). Christ church.—Auckland Gas Perpetual Stock, £O7 7s Od; Union Bank, €7; {Colonial Supra r. £.-,4; Broken Hill Pty. (rights)i IPs lid (3). §Sales after hours on Friday. TRADING IN SYDNEY PRICKS REMAIN FIRM (Reed. 0.30 p.m.) SYDNEY, March 21 Trading; was light on the Stock Exchange to-day, hut prices were firm. Sales included:— Commonwealth Bonds. 1 per cent, 1911, £lOl Os 3d; 1050. £IOO 17s fid: Commercial Bankins Sydney, £1 s ios: Winchcombe, Carson, 23s Od; Associated News, Iprof.), 15s 3d; A. Hordern. Its 2d; A.CM. icon.). 28s; Australian Drug, 15s lV?d; Broken Kill L'ty., 40s 3d; ditto frights). ISs 7 ! , ; d; British Tobacco. 47s 3d; Colonial Sugar, £47 ss; Dunlop-Perdriau, 20s fid; Electrolytic Zinc fpref.). 555; Morts Dock, 18s V/'ji: Standard Cement, 203 2d; W. Adams, 15s; Woolworths (Syd.). 17s 2d; Oil-Search. Gs lid. The Melbourne Exciiango was closed for the Labour Day holiday. N.Z. DRUG COMPANY RECESSION IN EARNINGS A net profit of £03,770 is reported by Kempthorne, Prosser and Company's New Zealand Drug Company, Limited, for the year ended January 31. This compares with the record figure of £75,418 in 1010 and £02,148 in 1030. Dividend is maintained at 8 per cent per annum (final V/ 2 per cent), and requires £40,950, against £40,040, the larger amount being due to the new capital issued during the year. A sum of £IO,OOO is to bo added to general reserve, increasing it to £114,825, and £0475 to investment reserve. This will leave £10.2.il to be carried forward. against £39.880 brought in. The accounts are balanced at £1.325,549, again £1,155,007 a year ago. Creditors, including taxes, are £111,318 higher at £1 15.070. In assets stocks stand at £512.205, compared with £382,107. War Loan contribution amounted to £35.000. WORLD TIN OUTPUT CAPACITY QUOTA RETAINED World production of tin during 1910, at 230.000 tons, showed an increase of 28 per cent over that of 1939, totalling 181,300 tons, and of 58 per cent over that of 1935, totalling 149.700 tons. The announcement that the International Tin Committee has fixed the quota for the third tind fourth quarters of 1941 at 130 per cent, means that the seven signatory countries will have been allowed to produce at capacity for IS months. Last July the quota was fixed for the year ending June 30, 1941, at 130 per cent of standard tonnages—the highest level since the restriction schemes were inaugurated. The committee is also expected to consider shortly the renewal of the present scheme, the five years' currency of which expires at the end of this year. WOOL FOR DOMINIONS INCREASED MILL ACTIVITY The war is having similar effects in the wool; industry ;to those of (he 1014-18 war states Winchcombe, Carson, Australian woolbrokers. During the last war extension occurred in the mill industries of Australia, India, Canada and New Zealand, also Japan. In the British Dominions mentioned, the mills have been very busy since 1939, and are likely to be fully occupied. This consumption, together with American activity, will not absorb a quantity of wool equal to that previously taken by the Continent, but they will certainly be helpful in checking the growth of surplus stocks. GRAIN AND PRODUCE ADEQUATE BRAN SUPPLIES The following is the official market report of the Auckland Grain, Seed and Produce Merchants' Association-. Stockmeal.—-There is a steady demand for stockmeal, which is now being largely used in place of pollard. Good stocks are held by merchants, with prices unaltered at:—Minimum one-ton lots, £lO 17s Od a ton, less iy 4 per cent; half-ton lots. £ll 5s a ton net; under half-ton lots,, £ll 10s a ton net. Wheat.—A shipment is expected early, when ex ship deliveries will be made. Tho demand for wheat continues to be heavy, and prices from merchants' store stocks are unaltered at from 7s 3d to 7s 4d a bushel. Maize. —Fair slocks are- held by merchants, ample to meet the normal deinrnd, at 7s Od to 7s 10d a bushel. Oats.—The oat market in the south is firm. The value in Auckland is 5s Id to 5s 4d a bushel. Chaff.—The demand is quiet and the market steady at £lO 15s to £ll 10s a ton. Barley.—The high price has a tendency to reduce the demand for barley. Stocks are light and the price firm at: —-Undipped, 5s lOd to Os a bushel; clipped, 6s 8d to Gs (id a bushel. Barleymeal.—The market is firm at £l3 to £l3 15s a ton. Bran.—Good stocks of Australian bran are now held by merchants, and consumers have the opportunity of stocking to meet the heavy demand which is sure to come a little later. A further quantity is due from Australia and this is offered at £9 Is a ton, cash before despatch, for a minimum of one-ton, delivery on arrival. Through store price is £9 18s (3d to £JO 3s Od a toil net. PUKEKOHE PRODUCE Larger supplies of parsnips and pumpkins nre coming forward at Pukckohe, and prices have eased slightly in some quarters, although iti others last Monday's values still hold. Parsnips are 7s 3d to 8s Od a sugar bag, red pumpkins Os to 7s per cwt, and grey pumpkins Os Od to lis. Pukekohe potatoes remain at 7s per cwt; cooking onions, lis; pickling onions, 13s to 14s; pie melons, lis; marrows. Ss; carrots, Os a sugar bag; kumaras. Ss fid; cooking apples, 4s Od a case; dessert apples, 7s; cabbages, 7s Od a Chapman bag. Tomatoes are 5s Od a case, against 5s a week ago. Onion seed is 15s Od per lb. PEDIGREE PIG SALE MARKED DROP IN PRICES (0.C.) PUKEKOHE, Monday There was a noticeable reaction to the news of the meat crisis at the annual sale of pedigree pigs conducted by Alfred Buckland and Sons at Pukekohe to-day. Prices were generally very much lower than last your. An outstanding example was that provided by a Largo Black sow. It brought £0 (is. but a sow from the same litter brought I'M about two months ago at the weekly stock sales at Pukekohe. MINING YIELDS Grey River (West Coast). —To March 19, a total of 27007. from 37,778 yds in 130 hours. Rimu Flat (West Coast). —To March 18, a total of IOOL-oz from 10,875 yds in 123 hours. PROPERTY - 9 . SALE Richard Arthur, Limited, reports bavin? sold at auction at its salerooms yesterday:—• 20 Acres, with buildings, Robertson Road, Mangere, £1520; dwelling. Spring Street, City, £215; section, Bent ley Road, Avondale, £l6.