Commercial News

Auckland Star, Volume LXXV, Issue 61, 13 March 1944, Page 5

Commercial News

ON 'CHANGE

FIRM PRICES RULING

Buyers came forward freely in all sections" on the Auckland Stock Exchange to-day, and a fair amount of business was 'transacted at steady prices. Bank of New Zealands were active at £2 o/, and other' banking issues were strongly supported, sellers holding off. First business took place in Reid Rubber £1 contribut in# shares since they became paid to 10/ on January 20. Strong levels prevailed for Auckland Gas. sellers of which fixed their reserves at. 7/10, while offers vere reinstated at the last improved sale price, 7/6. Gilt-edged stocks were firm and in short supply.

SAIiES COMPLETED At the 9.45 a.m. call to-day:— Last Sale Com. Bank Australia .... £0 18 6 .. £0 18 6 Bank New Zealand (3) . . 2 5 0.. 2 5 3 National Insurance 153.. 1 s j Westport-Stockton (pf) .. 6 8.. b u Held Rubber (con.) (odd lot) 18 9 .. — Woolworths (Syd.) (2) .. 10 3.. 1 0 3 Mount Lycll 11* 6 .. 114 6 Stock: 15/12/53-56, 3 P.O. .. 99 10 0 .. 99 10 0 At the 11.45 a.m. call to-day:— Last Sale Bank New Zealand £2 5 0 .. £2 5 0 Renown Collieries 96.. 93 Reld Rubber (con.) 18 9 .. 18 9 Woolwor'hs (N.Z.) 18 2 .. 18 3 Stock: — 15/5/53-56, 3 p.c 99 15 0 .. 99 15 0 LATEST QUOTATIONS Buyers Sellers Bank Australasia 9/6/0 .. — Commercial Bank Australia.... 18/6 .. — Commercial Bank Sydney 21/5/0 .. — En., Scgottlsh & Australian.. 4/3/0 .. — National Bank New Zealand . 2/15/6 .. — Bank New South Wales 36'5/0 .. 37/0/0 Bank New Zealand 2/4/11 .. 2/5/2 Bank N.Z. (D Mort.) 1/13/6 .. — Union Bank Australia 8/2/6 .. 8/10,0 National Insurance 1/4/9 .. 1/5/6 New Zealand Insurance 4/9/0 .. 4/9/3 South British Insurance .... 3/16/3 .. — Standard Insurance 3/18/3 .. — Farmers' Co-op. Auct. (£5 pd) 4/10.0 .. 5/2/6 Farmers' Co-op. Auct. (£2 pel) 1/14/6 .. — Farmers' Co-op. Auct. (£1 pd.) 17/0 .. 17/6 N. Auck. Fmrs' (B pf.) 15/9 .. 16/9 Pukemiro Coal 17/9 .. 18/9 | Taupirl Coal (ord.) 1/7/0 .. 1/7/6 Auckland Gas 7/6 .. 7/10 Devonport Ferry 1/9/6 .. — Huddart-Parker (ord.) 3/3/0 .. 3/5/0 Northern Steam 10/6 .. 10/8 Northern Steam (con.) 3/0 .. 3/3 Kauri Timber 1/9/6 .. 1/9/9 Leyland-O'Brien Timber 1/2/9 .. — Tanpo Totara Timber (ord.) .. 9/6 .. 10/3 Oamaru 1/9/0 .. — Tattersfleld 2/1/0 .. 2/5/6 Timaru 1/0/0 .. — Ballins Brewery 16/0 .. — Dominion Brewery (ord.) .... 2/3/6 .. 2/5/0 New Zealand Brewery 2/2/6 .. — Anthony Hordern 19/3 .. 1/1/0 Aust. Con. Industries 2/17/0 .. 2/18/0 Booth Macdonald (pref.) 10/0 .. 10/6 British Tobacco 2/9.0 .. — Broken Hill Prop 2/6/3 .. 2/6/6 Colonial Sugar 59/10/0 .. 60/10/0 Consolid;led Brick 10/1 10/3 Dunlop Rubber (ex. dlv.) 1/5/0 .. — Farmers' Trading 1/5,9 .. — G. J. Coles 3/6/6 .. 3/8/0 Grey and Menzies 17/6 .. — Hume Pipe (Aust.) 18/9 .. 1/0/0 K.D.V. Boxes 11/9 .. 12/0 I Macduffs (ord.) 14/3 .. — Macduff3 (pref.) (ex. dlv.) .. 1/5/3 .. — Milne and Choyce (deb. stk.) .. 1/4/6 .. — M.K. Manufacturers 6/11 .. 7/3 N.Z. Drug 4/15/0 .. — N.Z. Farmers' Fertiliser 1/3/6 .. — N.Z. Farmers' Fertl. (pref.).. 1/3/9 .. — N.Z. Forest Products (ord.) .. 7/0 .. 7/6 Radio (1936) , 16/6 .. — Reid Rubber 1/11/0 .. — j Selfridges (A'asia) 1/6,0 .. 1/10,0 j Tarannki Oil Fields 2/6 .. 3/3 Wilsons Cement 19/8 .. — Woolworths (N.Z.) 18/0 .. 18/4 , Woolworth Properties 1/9/0 .. — Woolworths (Syd.) 1/0/2 ..' 1/0/4 i Martha Mining 8/6 .. 8/10; Broken HiU South 1/7/9 .. 1/9/6 Emperor 13/0 .. 13/1 Mount Morgan (ord.) — .. 7/6 Inscribed Stock: — 15/9/47, 2',i p.c 89/10/0 .. 100/0/0 1/8/51-54, 3 p.c 99/5/0 .. 100/0/0 15/5/53-56, 3 p.c 99/12/6 ..99/17/6 15/4/46-49, 4 p.c. ". 103/5/0 .. — 15/5/49-52, 4 p.c 105/10/0 .. — Booth-Macdonald 1/6/47, 5 p.c. 96/0/0 .. 102/0/0 SOUTHERN" EXCHANGES Christchurch, this day.—Reported: Stock, Dec, 1053-56, 3 p.c, £99 10/; N.Z. Refrig. (con.), 14/3. Unofficial: Taramakau, 3/5 (late Friday). Duncdin, this day.—Reported late Friday: Commercial Bank Australia, 18/6; N.Z. Refrigerating (paid), £1 9/9; Dominion Breweries, £2 4/9. Unofficial: Fletcher Holdings, £1 5/. DIVIDENDS DECLARED. _ The directors of Hume Pipe Company (Aust.). Limited, have declared an interim preference dividend of 3 : 5j per cent, but have again decided not to pay an interim dividend on ordinary shares. Sales for the six months to December 31 were on a lower level than in the corresponding period of the previous year, they state. Orders were almost entirely for defence and essential services. WAGES IN AUSTRALIA WARTIME RISjE OF 28.15 PER CENT Hourly wage rates of adult male workers in Australian industries, excepting land pursuits, show, on the latest official figures, an average increase of 28.15 per cent, compared with the average for the lost pre-war financial year. 1933-39. In the pastoual and agricultural industiics the weekly wage rate for males has advanced by 42.53 per cent. Among weighted average hourly rates of pay in a table compiled by the Commonwealth Bank, based on information supplied by the Commonwealth Statistician, the railway and tramway services group is outstanding with an advance of 32.67 per cent. It is closely followed by the miscellaneous group with 31.18 per cent. TOBACCO PROFITS Carreras, Ltd.. tobacco manufacturers, reports profit of £99,669 for the year to October 31, compared with £101,055 In 1942 and £150,284 two years ago. Dividends of 45 per cent on ordinary shares and 10 per cent on preferences, both unchanged, absorbed £90,000 and £6800, respectively. Carry forward is £9760, against £6891 brought in. SHAREMARKET INDICES London: Financial Times (1926 equals 100): — Govt. Rails Indus. Gold January 31 .... 112.5 69.0 129.4 156.8 February 29 ... 112.4 68.0 129.5 157.0 March 9 112.6 68.1 130.3 157.4 New York: Dow Jones (1926 equals 100):— Rails Indus. Turnover January 31 36.31 137.40 632,000 February 20 38.23 136.30 866,000 March 10 38.38 140.01 1,148,000 MARINE INSURANCE The Institute of London Underwriters has revised the schedule of compulsory minimum war risk insurance rates, widely reducing South American voyage rates, but raising the rates for voyages between the Persian Gulf and the Eastern Mediterranean. Rates to Australia, New Zealand and the Pacific islands via the Cape are reduced from 7'i per cent to 6 per cent.