Commercial News

Auckland Star, Volume LXXIV, Issue 227, 24 September 1943, Page 5

Commercial News

ON 'CHANGE

VALUES UNCHANGED

Late rates were maintained on the Auckland Stock Exchange to-day, when a fair volume of dealing was recorded. Taranaki Oil Fields gained 6d to sell at 4/6, but later lost half the rise. A new high level established late yesterday for an odd parcel of P. and O. deferred stock, £2, was confirmed with further business at that price to-day.

SAXES COMPLETED At the 3 p.m. call yesterday:—E.. S. and A. Bank, £3 19/6; National Bank N. 2., £2 10/; N.Z. Breweries, £1 16/6: Australian Consolidated Industries, £2 16/; Northern Roller, £1 2/3 (£1 2/6): Woolworths (Sydney). 17/9; P. and O. (def.) (odd lot), £2 (£1 12/); Auckland City, 1/1/44-60, 3V 2 P.c, £101 (—). At the 9.45 a.m. call to-day:—N.Z. Farmers' Co-op. (A pref.). £2 18/6; Australian Consolidated Industries, £2 16/; British Tobacco, £2 7/6; Colonial Sugar, £57 15/; Taranaki Oil Fields. 4/6 (4/), 4/3; Waipa County. 1/2/55. 41 p.c. £107 10/ (—). At the 11.45 a.m. call to-day:—North Auckland Farmers (B pref.) (ex div.), 14/ (14/6); Traders' Finance (con.). 5/1; P. and O. (def.), £2; Taranaki Oil Fields, 4/3. Last sale price in parentheses where changed. I/ATEST QUOTATIONS Buyers Sellers Commercial Bank Sydney .. 20/0/0 .. 22/0/0 Bank New South Wales .. 33/10/0 .. 34/15/0 Bank New Zealand 2/1/7" .. 2/2/0 National Insurance 1/3/6 .. — New Zealand Insurance 4/4/6 .. 4/5/3 Queensland Insurance — .. 5/5/0 South British Insurance 3/12/9 .. — Dominion Invest. 1/2/0 .. — N.Z. Guarantee 3/7 '.. — N.Z. Loan & Merc 40/0/0 .. 50/0/0 Traders' Finance (con.) ... 4/10 .. 5/3 Taupiri (ord.) 1/5/0 .. — Auckland Gas 7/0 .. 7/3 Auckland Gas (con.) 2/10 .. — Devonport Ferry 1/8/0 .. 1/10/6 Leyland O'Brien 1/0/6 ... — Bruce Woollen (ord.) — .. 1/10/6 Dominion Breweries (ord.) .. 1/17/6 .. 1/18/0 New Zealand Breweries 1/16/6 .. — Swan Breweries 1/4/9 .. 1/0/9 Broken Hill Proprietary 2/4/9 .. It 5/0 Colonial Sugar 57/10/0 .. 58/0/0 Consolidated Brick 9/6 .. 9/9 Farmers' Trading 1/3/3 .. — Fletcher Hold, (p!.) 1/6/0 .. — G. J. Coles — .. 3/1/0 Hume Pipe (Aust.) 15/6 .. 1/0/0 Millaquin Sugar 2/0/6 .. — Morts Dock 1/2/3 .. — N.Z. Farmers' Fertilizer .. 1/0/6 .. 1/1/6 N.Z. Newspapers 1/17/0 .. 1/19/0 Radio (1936) 14/0 .. 18/0 Reid Rubber 1/7/6 .. 1/9/0 - Reid Rubber (con.) 10/0 .. 11/3 Robinson Ice Cream l/S/6 .. — Wilsons Cement 18/8 .. — Woolworths (N.Z.) 16/5 .. 16/9 Woolworths (Sydney) 17/6 .. 18/2 Broken Hill South 1/6/6 ■• — Mount Lyell \ 1/10/0 .. 1/11/0 ,Mt. Morgan (ord.) — •• fl /N> War Loan—l/ 10/53 93/12/6 .. 84/0/0 Inscribed Stock: 15/5/48, a>4 p.c. 97/10/0 .. — 15/9/52-55, 3 p.c 97/12/6 .. — 15/9/57-60, 3.1 p.c 99/17/6 .. 100/10/0 15/4/46-49, 4 p.c 103/10/0 .. 104/5/0

SOUTHERN EXCHANGES Christchurch, this day.—Reported: N.Z. Insurance, £4 5/; N.Z. Farmers' Co-op. (first pref.) (ex div), late yesterday, £5. Dunedin, this day.—Reported: stock. 1917. p.C., £97. HIGHER PREF. DIVIDEND BOOTH, MACDOXALD PROFIT The annual accounts of Booth, Macdonald and Co., Ltd., for the year ended June 30, show a net profit of £13,003. compared with JCOO7O last year and £3239 in 1941. After providing for taxation there is £6346 available, and the directors recommend a dividend of 3 per cent on preference shares compared with 21 per cent last year. In 1941 the profit was carried forward. In each case it is struck after providing debenture interest. CONSOLS AND STOCKS Rec. 11 a.m. LONDON, September 23. British Government issues are firm and slightly more active. Quotations for Consols and colonial inscribed stocks with variations compared with those of September 16 are:— Variation. ,£s d s d Consols, 2\'z per cent .... 78 .15 0 +5 0 Funding Loan, 4 p.c., 60-90 114 15 0 Same War Loan, 3 l ,fe per cent . 104 10 0 +15 0 Conversion Loan, 3 X ,2 p.c. 104 7 6 +10 0 Victory Loan, 3\'2 P.c. . 113 0 0 +5 0 N.Z. 4',2 P.C. 1948-56 103 11 3 +1 3 N.Z, 3 per cent, 1945.... 99 15 0 +6 3 BANK OF ENGLAND RETURN Rec. 1.30 p.m. LONDON, Sept. 23. Details of the Bank of England' 3 latest return Issue Department Liabilities.—Notes in circulation, £980,700,000 (xast week, £981,100,000); in banking department, £i'J,500,000; total, £1,000,200.000. Asset?.— Government/ debt, £11,000,000; other Government securities, £988,300,000; other securities, £7,000,000; fiduciary issue, £1,000,000,000; gold coin and bullion, £241,000. Banking Department Liabilities. —Capital, £ 14,M)0,000; rest, £3,500,000; public deposits, £7,200,000; bankers' deposits, £ i 04,400,000; other accounts, £53,100,000. Assets.—Government securities, £203,800,000; advances, etc..' £9,000,000; other securities, £16,800,000; notes ana coin, £21,200,006. Proportion of reserve to liabilities, 9.46 per cent (last week, 9.54 per cent); discount rate, 2 per cent, unchanged. AT THE MARTS GLUT OF CABBAGE / There was another over-supply of cabbage at the city markets to-day and very low prices ruled. Cauliflower was also again plentiful and rates were cheap. Hothouse beans brought from 3/ to 5/ a bag, wnile hothouse tomatoes were quoted at 5/ a lb. Prices were:— Vegetables.—Asparagus. 1/ to 3/ per bundle; Beet, 2/6 to 5/ per case. Celery: Cooking, 1/ to 2/ per bundle; dessert, 2/6 to 6/. Carrots, 4/ to 9/ per bag. Cauliflowers, 2/ to 8/ per sack. Cabbages, 2/ to 8/ per sack. Cucumbers, 14/ to 16/ per doz. French Beans, hothouse, 3/ to 5/ per lb. Green Peas, 1/ to 1/9 per lb. Leeks, 4d to 8d per bundle. Lettuce, 4/ to 20/ per case. Marrows, 5/ to 7/ per sack. Onions, 15/ to 25/ per cwt. Potatoes: Southern, 14/1 to per cwt; Ohakune, 15/3; new, 3d to 5 l-8d per lb. Pumpkins: Choice Crown Triumble, 10/ to 18/ per cwt; medium, 4/ to 9/ per sack. Parsnips, 4/6 to 8/ per bag. Radish, 1/6 to 3/ per doz. Rhubarb, 4/ to 9/ per doz. Spinach, 7/ to 11/6 per case. Spring Onions., 6d to 2/ per bundle. Swedes, 3/ to 4/6 per bag. Turnips, 2/6 to 4/. per bag. Brussels Sprouts, 5d to 1/3 per lb. Fruit.—Tomatoes, hothouse, 5/ per lb. Tree Tomatoes: Nev.' Black.. 22/ to 31/ per case; yellow, 22/ to 28/. Grapefruit: New Zealand, 15/ to 21/" per case; mecium and small, 8/ to 14/. Passion Fruit, 30/ to 38/ per case; blemished and seconds, 12/ to 15/. Eggs, Butter, Flowers.—Eggs: Standard Hen. 1/B*2 per dozen; Standard Duck, I/BV2. Farmers' Butter: 1/2 to 1/3V2 per lb. Cut Flowers: Large quantity of flowers were to hand. Demand was fair and prices generally were low. Tcultry.—The supply of poultry was heavy and the demand was fair. The prices paid remain the same. Selling rates were:—Cockerels: Heavy breeds, prime, 12/ to 15/ each; not prime, 7/6 to 10/6. Light breeds, prime, JJ/6 to 12/6 each; not prime, 6/. Fat Hens, heavy breeds, 9/ to 11/ each; light breeds, 4/6 to 7/. Laying Hens, light breeds, 5/ to 10/ each. Pullets: Heavy breeds, best, 10/ to 12/ each;, smaller, 5/ up; light breeds, best, 8/6 to 10/; smaller, 5/ up. Drakes, young prime, 5/ to 7/ each. Ducks, young, 5/ to 7/ each; old, 2/6 to 4/. Geese, 5/ to 6/ each. Turkey Hens, 10/ to 12/. Gobblers, 15/ to 25/. Cockerel Chicks, heavy breeds, 2d each; light breeds, Id. MINING RETURNS Associated Gold Dredges.—For the week ended September '18 the company's dredges recovered 266120Z from 93,790 yards in 370% dredging hours. Blackwater Mines. —The return for the four weeks ended September 10 was: Crushed, 2707 , tons, yielding 11920z of gold from all sources, the value of which when taking gold at 168/ a fine ounce was £ 10,013. Working expenses, not including ordinary or war duty, were £7218. Development expenditure was £425 and capital expenditure £ 198. Gillespie's Beach.—The Gillespie's Beach dredge return was 17oz 14dwt for 129 hours from 14,368 yards.—P.A.