STOCK EXCHANGES

New Zealand Herald, Volume LXXVIII, Issue 24009, 5 July 1941, Page 7

STOCK EXCHANGES

YESTERDAY'S SALES

RETURN ON INVESTMENTS

In the following list of yesterday's sales, yields allow for exchange and British income tax- where necessary, and, in the case of .loans, red>emption and brokerage, but no allowance is made for social and national security taxes on dividends on which these are payable:— AUCKLAND EXCHANGE

Also.—§ Bank New Zealand, 35s lOd; Reid Rubber (rights), 3s (2). Wellington.—Stock, 15/2/43-40, 4, £lO2 10s; Bank New Zealand, 35s 9d; Union Bank, £0 9s; N.Z. Drug (eon.), 40s 3d (2)|. Woolworths (N.Z.), 13s. Christohuroh.—Commercial Bank Australia, 14s (4); §National Insurance, 18s Od; Kaiapoi Woollen (7s paid, 30s on deposit). 12s Gd; Wilsons Cement, 18s sd. Unofficial list: Associated Go!d Dredges (14s paid), 13s 9d. Dunedin. —Ballins Brewery, 10s Od (ex div.); N.Z. Drug (new), 49s (odd lot); Farmers Trading, 20s; Woolworths (N.Z.), 13sj Mount Lyell, 27s Gd. §Sales after hours on Thursday. tPrevioni sale cum dividend. BUSINESS IN AUSTRALIA LATE RATES MAINTAINED • (Reed. 10.22 p.m.) SYDNEY, July 4 The sbaremarket to-day was generally steady, with Industrials quoted around lato rates. Sales included: —Bank of New South Wales, £2O ssj Australian Gas, 90s; Australian General Insurance, 16s 7d; Huddart Parker, 4*ls 9d; Bonds Industries,- 25s 9dj Colonial Sugar, £49 10s; Felt and Textiles, 38s 9d; Masonite, 20s lOd; Woolworths (N.Z.), lis; W. Adams, 13s 7d; Henry Jonas, 47s 9d; Mount Morgan, 9s. Melbourne sales included: Goldsbroogh Mort, 25s Gd; A.C.1., 455; British Tobacco. 43s 3d; Howard Smith, 20s; Broken Hill Pty., 395; ditto (con.), 235; South Broken Hill, 24s 9d. STOCKS FIRMER IN LONDON

INVESTMENT ACTIVITY WAR LOAN STRONG FEW SUPPLIES OFFERED EASING IN INSURANCE Trading was maintained at a strong volume on the Auckland Stock Exchange during the past, week, but "buyers showed slightly Jess enthusiasm, at the close of business. The feature of dealing was again provided. by insurance issues, the market leaders attract* ing solid support which held them around their peak levels until midweek, when they revealed a flight reaction. ■,,

Another strong point was the continued attention to War Loan, lor which offers were lifted to £B4 16s without any substantia! parcels changing hands. In the south business was quoted at £B4 12s 6d, but holders remained aloof in Auckland throughout the week, in spite of the advance of 2ns in offers. Other Government loans were also in short supply to a good , range of inquiry.

'Buyers. , ; k : ' Some banking issues appeared a little firmer, notably Nationals of New Zea» land and Commercial of Australia, but the main business again centred in New Zealands. After holding well at 36s these shares gave way later in the week to change hands freely at 3os lOd, their lowest point. Classified industrials we're firmly Held throughout the week and provided little business, but buyers were inclined to follow the market for Australian issues upward in sympathy, with firmness' in the Commonwealth. Broken Hill Proprietary gained slightly on sale and a very strong market existed for Australian Consolidated Industries and Colonial Sugars, following reports of increased strength in Sydney, business was opened in Electrolytic Zinc rights at 28s 9d and 295, but dealing is expected to gain impetus when shareholders bave received later this week notification of the rights to which they are entitled. • Among the New Zealand stocks Farmers' Trading presented a very strong front, moving up to par on the levels, while Farmers' Fertilizer also improved after the accounts appeared. A large turnover of Woolwortlis (N.Z.) shares was maintained at 13s. In the mining section tin and copper shares had a rising tendency.

CANTERBURY PRODUCE 5 |"BY TRLEwiiAPH —PRESS ASSOCIATION] , CHMSTCHUBCH, Friday v Potatoes have risen £1 a ton during the week, mainly because of local interest In the market. At the increased price little business is being done. Large shipments made to the North Island last week have now arrived and the inquiry from there is naturally tomewhat restrained at present. Other markets are all quiet. Overseas inquiries for small seeds are not plentiful, but a' few shipment* of orders received earlier in the year have now been made, NIKAU BACON COMPANY Shareholders of the Nikan Bacon Company, Ltd., have approved of the voluntary winding up of the company, the business of which has been sold to a new company owned by the New Zealand Co-op-erative Pig Marketing Association. JERSEY BREEDERS (0.C.) MATAMATA, Friday The 20th annual report of the Matamata Jersey Cattle Breeders' Association revealed the prize-money at lorn! agricultural and pastoral shows had been subsidised as fol- - lows:—Matainala £l4; Putnnmi. I'lOj Tokoroa. i',Y The elertlon of officer* resulted:-—I resident. Mr. 11. Lewi«. vice-prwid'nts. Messrs, ,T. IT. Williams, E. McK. IVtfrrs and C. j ITaselton; secretary' and treasurer. Mr. M E. j Gould; executive. Brigadier B. Fitness■<>«»ration Arm.v), Messrs X. M- Cnlson, \\ N. ..i Dunn, W. Mesrs and F. Garland.

Sale Price Else or Yield Stk., 31/5/54- £ s d Fall £ S d 68, 4 .. 106 5 0 8 7 8 Bank N.Z. (2) 1 15 10 4 9 4 Auckland Gag 0 5 9 _ 6 19 5 Prestige (pf.) 1 2 0 5 9 1 SBroken Hill 2 3 0 +2<i 3 9 9 Con. Brick . 0 0 8 t 6 0 0 Dom. Pictures (pref.) .. 1 0 0 • • . 6 0 0 G. J. Coles 3 2 0 5 12 10 N.Z. Pert. . 0 19 4 +ld 6 4 2 Ditto 0 19 5 +2d 6 3 8 Sanford (pf.) 0 15 0 +Gd 7 9 4 Wilsons Ccm't 0 18 5 ■ 4 1 5 Martha 0 7 8 -Id 20 13 11 Waihi Invest. 0 4 0 — 4 14 9

LONDON. July 8 Quotations in London for British and New Zealand stocks compared with recent levels are:— JulyS June 19 June 2® Consols, 2'/ a p.c. .. £80 1 /, £80% 105 Funding, 00 90, 4 War Loan, 3% . . 113V, 113% . 104'/, vl04Vi . 105 105% British 3% Conver. 10 5^ 112% Victory Bonds . . lll s / 4 111% New Zealand— IMS 1948-58, 4/4 . : '» 1945, 3 . ,69%

Year Last This ago Week Week Stock, 15/1/53-57, 3Vx 100 101% 103 101%* 103'/, Ditto, 15/4/40-49, 4 . 103 Ditto, 15/0/52-55, 4 . 102*4 105Vi 105* Ditto, 31/5/54-58, 4 . 102% — 10QV* War Loan, 1/10/53. — 83%* 84%*

1910 Last This Hiffh Low Week Week Bank N.Z. .. 36/35/10 Tom. Bk. Atis. 10/10 13/6 13/10 14/Nat, Bk. N.Z. 40/6 35/34/-| 34/6 Bank N.S.W... 012/G 500/,540/-* 545/»* Union Bank .. 130/120/-* 126/-* • Nat. Ins. .. 20/17/6 18/7 ' 38/6 N.Z. Ins. .. 00/53/9 65/04/6 South British.. 51 /- 43/53/0 52/6 Ak. Gas (10/-) 0/0 7/4 5/8 5/9 Pnkemiro .. 10/0, 10/16/0* 10/7* Dom. Brew. .. 30/27/4 27/3§ 27/3* N.Z. Brew. .. 30/6 29/10 31/4 31/9* A.C.I. .. 44/0 32/5 44/G* 40/** Bkn. Hill Pty. 50/3f 30/3 43/Bycroft .. 43/0 30/- . 43/.* 44/Col. Snear .. 1130/035/. 1050/-* 1065/-* Farm. Trad. .. 17/10/0 19/9 G. J. Coles . . 84/6 50/3 62/Wilsons Cem... 20/10% 15/0 18/5 18/5 W'ths. (N.Z.).. 10/12/6 13/Martha . . 8/0 7/7/9 7/8 •Buyers. 4Ex bonus. |Ex dividend.