Commercial News

Auckland Star, Volume LXXIV, Issue 269, 12 November 1943, Page 5

Commercial News

ON 'CHANGE CONFIDENT MARKET With more sellers forward at late rates or higher, a strong, active tone ruled on the Auckland Stock Exchange to-day. Once again to secure New Zealand Insurances a buyer had to comply with sellers' ideas, a parcel being transferred at a new hit;h record, £4 6/9. Banks of New Zealand were adjusted to an ex dividend basis 1\ = \ e markel ,>«tween £2 1/3 and £2 3/5. In first trading locally since April DunloT> Kubbers, at £1 4/3, showed a rise of 2/9. Gilt-edged securities were firm. SALES COMPLETED At the 3 p.m. c?JI yesterday:—Commercial Bank Australia. 17/3; National Bank N.Z., £2 13/ (£2 10/); Dominion Breweries, £1 19/6; KDV Boxes, 12/3 (12/); Walhi Investments, 5/2 (2); Stock 15/12/53-56. 3 p.c. £98 12/6. Unofficial: Fletcher Holdings (old). £1 5/. At tho 9.45 a.m. call to-day:—Dunlop Rubber. £1 , 4 / 3 _C £l 1/6): Woolworths Properties. £1 8/; Woolworths (Sydney) (odd lot), 18/2 (18/3). Woolworths (N.Z.), 16/11; Woolworths (Sydney). 18/3: Stock, 15/6/47-49. 2>4 p.c. £97; Stock, 15/12/53-56, 3 p.c, £98 12/6 (2). Last sale price in parentheses where changed. LATEST QUOTATIONS Commercial Bank Australia . ?7 U / y 3 erS National Bank N.Z 2/12/0 .. 2/14/0 Bank New South Wales .... 33/10/0 .. 34/0/0 Bank N.Z. (ex div.) 2 /l/3 .. 2/1/5 Bank N.Z. (D. Mortg.) ' Nation*, d T IVO lmn ■■ ~ National Insurance 1/3/3 .. _ New Zealand Insurance 4/6/3 .. 4/7/3 South British Insurance .... 3/12/6 .. _ Goldsbrough Mort 1/8/0 .. — Auckland Gas ~.•—• 7/0 7/4 Auckland Gas (con.) ..ll™ 3/0 " 3/3 Devonport Perry . 1/9/0 ,", _' Northern Steam 10/6 .. 10/8 Bartholomew % /2/e Kauri Timber 1/7/0 '.'. 1/7/9 Dominion Breweries (ord.) . 1/19/3 .. 1/19/10 t New Zealand Breweries 1/18/3 .. 1/19/6 Tooths 2/16/0 .. 2/18/0 I Aust. Consolid. Industries .. 2/15/0 .. — , Broken Hill Proprietary .. 2/4/6 .. 2/4/8 Claude Neon (N.Z.) 1/6/3 .. 1/7/6 Colonial Sugar 56/5/0 .. 57/0/0 • Dunlop Rubber 1/3/9 .. 1/4/5 Farmers' Trading 1/3/4 .. — i Gear Meat 1/3/s .. 1/4/3 G. 3. Coles 2/19/3 .. 3/0/3 McKenzies 2/8/0 .. Macky Logan 1/9/9 .. Milne and Choyce (deb. stk.) 1/2/6 .. — N.Z. Drug 4/10/0 .. — N.Z. Farmers' Fertilizer 1/1/9 .. — ~ N.Z. Newspapers 1/18/9 .. 2/0/0 Reid Rubber 1/9/6 .. 1/10/6 ! Reid Rubber (con.) 11/6 .. — ? Phillips and Impey 2/0/0 .. ' Taranaki Oil Fields 3/0 .. 3/9 Union Oil, Soap 1/9/0 .. — " Wilsons Cement 18/6 .. — : Woolworths (N.Z.) 16/9 .. 17/3 Woolworths (Sydney) 18/2 .. 18/6 Martha Mines 8/9 .. 9/3 Waihl Invests 5/2 .. 5/6 Mount Lyell 1/10/3 .. 1/11/0 War Loan—l/ 10/53 94/0/0 .. 94/10/0 Inscribed Stock: 15/5/4S, 2>i p.C 97/17/6 .. 98/2/6 15/9/52-55. 3 p.c 97/15/0 .. 93/5/0 15/2/43-40, 4 p.c 101/5/0 .. — 15/4/46-49, 4 p.c 102/5/0 .. 102/7/6 15/6/52-55, 4 p.c 107/2/6 .. — Amal. Br. (Ak.), 1/3/44, 6 .100/10/0 ..loi/10/o Auck. Gas (perp. deb.), 3'/ 2 88/10/0 .. 89/10/0 SOUTHERN* EXCHANGES Wdllncton. this day.—Leyland O'Brien Timber (cum. div.), £1 1/6. Reported: , McKenzies. £2 9/: Union Bank, £7 13/; Dunlop Rubber, £1 4/3. Christchurch, this day.—Union Bank. £7 14/: West port-Stockton Coal. 2/9; United Provisions, 14/3: Woolworths (Sydney). 18/5. Reported: New B _£ nlt £2 12/1. Reported: Otago Daily Times, £2 8/6.

DIVIDEND DECLARED

Tooth and Company (Sydney) has declared a final dividend- at the rate of 12 per cent per annum (unchanged).

MOUNT LYELL RESULT

NET EARNINGS RECOVER The Mount L.yell inning and Railway Co., :Ltd., reports a net profit of £169,141 for the year ended September 30, after writing o"ff £1476 for prospecting development, £63,274 for depreciation and £55,000 for taxation. The profit compares with £155,615 last year, an increase of £14,000. A final dividend of 1/3 a share (Australian currency) brings the total distribution to 1/9, or 83 per cent, unchanged. Results for three years are;— 1941 1942 1943 j £ £ £ ! Profit 169,318 155,615 169.141' Depreciation 63,018 62,045 63,274 I Prosp. and dev. .. 32,957 8,487 1.476 Taxation 54.C96 45,000 55,000

UNION OIL OPERATIONS

The Union Oil, Soap and Candle Co., Ltd., for the year ended September 30. report a net profit I ot £3435, after reservinß £8123 for taxation, comparing wllh £3859 last year, when £6249 was reserved for taxes. There Is £4337 for j disposal, and the directors recommend a final dividend of 6d a share, making 1/ a share for j tho year unchanged. Total dividend requires i £3750. leaving £587 to be carried forward against £852 brought In. Manufacturing and trading profit was £19,316. against £18,204 ia 1942. j

FARMERS' DISTRIBUTING CO.

The New Zealand Farmers' Co-operative Dis- i tributinß Ccmpany, Ltd., Fellding. show a net ! profit of £27,739 for the yerr ended September' 30, after providing £19,950 for taxation. The | profit compares with £2f1,756 last year and ■ £22.443 la 1041. Tho directors propose a divi- ! dend of 4 per cent (5 per cent last year), le.iv- I Ing £12,030 to b™ carried forward. During ths I and Z'/a per cent, on oil goods purchased were j paid to shareholders. j

BANK OF ENGLAND RETURN

Rec. 11 a.m. LONDON, Nov. 11". Details of the Bank ol England's latest return Issue Department Liabilities.—Notes in circulation. £1,010,900.000 (previous week. £1.005,000,000); in banking department, £39,300,000; total, £1,050,200.000. Assets. —Government debt, £11,000.000; other Government securities, £1,038,100,000; other securities, £0,000,000; fiduciary issue, £1,050,000,000; gold coin and bullion, £241,000. / Bonking Department Liabilities.—Capital, £14,500,000; rest, £3,200,000; public deposits, g. 9,600,000; bankers' deposits, £157,000,000; other accounts, £52.200,000. Assets.—Government securities, £176.800,000: advances, etc., £1,300,000; other securities, £17,400,000; notes and coin, £41,000.000. Proportion of reserve to liabilities, 18.77 per cent (previous week, 22.18 per cent); discount rate, 2 per cent, unchanged.

WOOL APPRAISAL

LARGE CATALOGUE READY * ; Over 16,000 bales, the largest catalogue for; '. this time of the year for a considerable period, i will be dealt with at the second appraisal of tho j Auckland wool season opening en Sunday and i concluding on Monday. Fine shearing weather I : is mainly responsible for the large offering. Gisborne, and will leave on Monday evening for wanganul. Mr. H. Duke, president of the Auckland Woolbrokerr.' Association, said to-day that samples of the new clip showed that the wool was lighter and a little Ehortcr than last season.

MINING RETURNS

West CoasJ Dredges.—Grey River: Fortnight | ended November 10 311.4cz, 143 414 yards 230 - hours; for October, 535.590z, 237,416 yards, 461 hours Slab Hut: Week ended November 6, 450z j 18,513 yards. 114 hours. Okarlto.— 6',:ioz. 11l hours, 3440 yards. j FRUIT, PRODUCE, ETC., FOR SALE ( MOLASSES, scwt drum. 14/; 140's Barley Meal £13 6/1, I.o.r.—Perkins, City Markets. 32-414. xl 3 , NEW Potatoes, now digging, 601b 15/, delivered.— : Phone 88-993. 13 ] NITRATE of Soda. Sulphate of Ammonia or of ■ Potash, Lime, Serpentine Super.—Perkins, City j Market. 32-414. X l 3I . QUANTITY Cereal Waste available for poultry I 1 lood.—Fhone 41-678 (before 5 p.m. to-day). 12 ]