STOCKS AND SHARES

New Zealand Herald, Volume 78, Issue 24141, 6 December 1941, Page 7

STOCKS AND SHARES

THE AUCKLAND EXCHANGE r " m, . SOUTH BRITISH RECORD The feature of trading on the Auckland Stock Exchange yesterday was the rise in the record level of South British Insurance, in which business was done at 655, an advance of Is on the previous peak price. The market was firm at the close. Levels in other insurance issues were steady, while similar conditions ruled for gilt-edged and banks. New Zealand industrials were steady to firm, but in Australian stocks neither buyers nor sellers showed much inclination to trade. CLOSING QUOTATIONS

DEBENTURES Auck. EJP. Board, ■ _ 15/6/50 . . 109 0 Q 112 O O . Auck. "Harbour Bd., 10/0/59 . . - "109 O O N.P. Bar.. l©/46 103 0 0 104 10 0 City of Dunedin, 1/3/4S-51 . . 104 0 0 105 10 0 Auck. <o** (perp.lf FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overspas centres yesterday were supplied by the Bank of New South Wales as follows: — December 5 T.T. T.T. Buying Selling New York, do!, to £ .. 3.2542 3.2050 Montreal, dol. to £ .. 3.fi039 3.5200 Java, f! to £ . . • 6.187 6.004 Manila pesos to .S .. 6.559 6.442 Tlnngkona;, pence to dol. 18% 191-32 India, pence to rupee . 22 3-16 22% Ceylon, pence to rupee 22 3-16 22% Singapore, pence to dol 3441-64 35 39-64 S Af., £N.Z £S.A. 100 123 125/5/London, £N.Z. £st. 100 124/7/6 125 Australia, £A. £N.Z. 100 100/10/- 100 Fiji, £F £N.Z. 100 ... 90 88/12/6 SIIAREMARKET INDICES London: Fin. Times (1926 equals 100): — Govt, Rails Indust. Gold 1940 (high) 111.7 55.0 101.6 200.4 1940 (low) .. 104.8 31.9 61.1 138.8 December 2 113.8 53.3 105.9 180.7 December 4 . 113.9 53.9 105.5 180.6 New York: Dow Jones (1926 equals 100): — 20 Rails 30 Indust. Shares sold 1940 (high) 32.67 152.80 1940 (low) .. 22.15 111.84 December 3 . 27.49 116.65 1,090,000 SILVER AND TIN VALUES LONDON, Dec. 4 Silver is quoted unchanged at 23y 2 d a standard ounce and 25% d an ounce fine. Tin— >, Spot: Buyers, £257 5s a ton; sellers, £257 10s. Forward: Buyers, £260 10s; £261. BRUNNER COLLIERIES LOSS (0.C.) WELLINGTON, Friday The report of Brunner Collieries, Limited, states that after provision of £1363 for interest on Government loan, £1496 for interest on debentures and £2974 for depreciation, operations for the year ended Juno CO show a loss of £12,137 which has been transferred to appropriation account. The loss for the previous year was £13,020. In liabilities the loan account of the New Zealand Government shows an increase of £18j327. with accrued Interest increased by £1363 and the liability to the debenture holders has increased by accrued interest amounting to £1406. Additions to buildings and plant amounted to £9581. LARGE TEXTILE COMPANY Bradford Cotton Mills (N.Z.), Limited, has been registered in Wellington; capital £500,000 in shares of £1 each. Subscribers — Sydney, N.6.W.: Felt and Textiles of Australia, Limited, 5; Cotton Mills, Limited, 5. Wellington: H. D. Vkkery, H W. Rowden, R. J. Lanpr, H. R. Biss, E. L, Wright, 2 shares each. To carry on business as cotton spinners and doublors, flax, hemp and jute spinners, linon manufacturers, and incidental. DIVIDENDS ANNOUNCED Tho Dovonport Steam Ferry Company Limited, has declared an unchanged interim dividend of 2% per cent, payable Decembei 20 Balling Breweries. (Limited, Christchurch proposo a final dividend of 3 per cent, mak ing 5 per cent (unchanged) for the yeai ended September 80, payable January 31. CANTERBURY MARKETS [BY TELEGRAPH —PRESS ASSOCIATION] CHRISTCHURCH, Friday There has been no activity in the graii and produce markets this week. Apart froir a few overseas ordors, mainly for small seeds the potato crop has now been cleaned up Recent dry weather has in some district! threatened to decrease the crop of clove for seed. It is unlikely that there will bi much activity in any, department of th< trade until well into the new year. SALES OF PROPERTY A two-storey residence at 25 Victorii Avenue. Remuera, was sold at auction yestei dav bv George Walker, Limited, for £4050 Bidding, which was exceptionally keen, started at £2500 and mounted rapidly bj £IOO and £SO increases. The property belonged to the estate of the late Mr. I*. J. H The lt nursing home Desmond Dene, compns. ing nine rooms, at 737 New North Road, Mount Albert, was sold by Samuel Vaile and Sons, Limited, for £1550. A Taupo resident of four rooms was sold by the same firm foi £BSO. Bidding for the Reliance Buildings, oi five storeys, in Albert Street, failed to reach the reserve when offered for sale by Samuel Vaile and Sons. The highest offer was £16,500,

Buyers Sellers £ s d £ s d BANKS, INSURANCE AGENCY Bank A'asia 9 0 0 Com. Bank Aus. 0 14 6 0 14 9 E., S. and A. Bk. 4 1 0 Nat. Bank N.Z. 1 19 6 2 0 Q Bank N.S.W. .. 27 0 0 — Do. (Melb. reg.) __ 27 10 0 Bank New Zealand 1 19 10 2 0 0 Ditto (D mort.) 1 10 0 1 11 6 Union Bank — 7 6 0 New Zealand Ins. 3 11 9 3 12 0 South British Ins. 3 4 6 3 6 9 Dom. I. and B. 0 19 6 1 0 3 PA..C. (£5 paid) Ditto (A pref.) 4 11 1 2 6 6 z Ditto (B prel.) 1 2 0 to o 1 Loan and Merc. . . — 0 COAL, GAS. SHIPPING Pukemiro Coal . 0 17 6 — Auckland Gas 0 6 9 0 7 1 Ditto (con.) 0 2 8 0 3 0 Hud.-Parker (ord.) 2 4 0 — P. and O. (def.) 1 15 0 1 17 3 TIMBER, WOOLLENS, BREWERIES Kauri Timber 1 3 6 — Manawatu Knitting 1 6 0 — 6 Tattersfield (ex div.) 1 8 Q 1 13 Timaru (ex div.) . — 0 19 6 Dom. Brew, (ord.) 1 10 0 1 11 0 Ditto (pref.) .. 1 11 0 — New Zealand Brew. 1 16 4 MISCELLANEOUS Aust. Alloy Steel 0 8 5 0 8 10 A.C.I 2 5 6 — 6 Aust. Paper 1 16 0 1 18 Brit. Tob. (ex div.) 2 1 6 2 4 0 Broken Hill Pty. 1 19 8 2 0 0 Drug Houses 1 8 6 1 10 0 Colonial Sugar .. 50 10 0 61 0 0 Consolidated Brick 0 7 9 0 8 1. Electrolytic Zinc . 2 9 0 2 11 6 Ditto (pref.) .. 9 2 13 0 Fanners* Trading . 1 1 — G. J. Coles 8 1 0 3 8 0 K.D.V. Boxes 0 9 10 ? 0 Macky, Logan 1 5 0 1 6 0 M. and C. (deb.) 0 17 0 — Farmers Fert. 1 0 3 0 12 0 Forest Prod, (pref.) — 8 N.Z. Refrig. (con.) 0 9 0 9 8 6 Nth. Roller (ord.) 1 4 3 1 5 Reid Rubber Ditto (con.) 1 8 0 1 9 0 17 0 3 Sanford (pref.) .. 0 19 9 0 19 3 Selfridges (A'asia) 1 0 0 Wilsons Cement .. 0 18 0 0 18 9 Wool worths (N.Z.) 0 14 1.1 0 16 Ditto (Syd.) . . 0 16 0 3 MINING Martha 0 9 0 0 9 4 Una Hill . 0 1 0 0 1 3 "Waihi Invests. 0 4 1 0 4 6 Broken Hill South 1 5 6 1 7 0 Emperor 0 10 6 0 11 9 9 Loloma —— 1 5 Mt. Morgan (ord.) 0 8 10 0 9 3 N.Z. GOVT. LOANS Bonds — 102 15 0 15/1/53-57, 3% . — 15/2/43-16. 4 .. 101 15 0 —— 15/4/46-49, 4 . . 103 10 0 — 15/6/52-55, 4 . . 107 15 0 — Rural Bonds — 15/0/47. 4 104 0 0 — 0 War Loan. 1/10/53 88 0 0 88 5 Do., 1/8/46, 2% 97 15 0 98 15 0 Do., 1/8/51-54, 3 98 5 0 — Stock — 0 15/1/56-59, 3% . 15/9/57-60, 3Vi . 10O 15 — 100 5 0 —— 15/1/53-57, 3% . 102 15 0 — 15/2/43-46, 4 .. 101 15 0 — 15/4/40-49. 4 103 10 0 — 15/5/49-52, 4 .. 104 15 0 — 15/6/52-55. 4 .. 107 15 0 — 30/11/48, 4 .. lOt 10 0 105 10 0 31/5/54-58, 4 . . 106 0 0 _ 15/9/46-48, 3 . . 98 15 0 — S.A.C., 1/6/44. 3Vi 98 10 0 — Australian Stock, 100 10 15/11/51, 3V t . . — 0