COMMERCIAL

New Zealand Herald, Volume 78, Issue 24156, 24 December 1941, Page 3

COMMERCIAL

STOCK EXCHANGES CLOSE AUSTRALIAN ISSUES WEAKER There was a last-minute accession of business on the Auckland Stock Exchange prior to the year's close of trading yesterday. Australian stocks reflected the further weakness in the Commonwealth markets, and Colonial Sugars touched a new low level for recent years at £46 10s, a fall of £4 5s since December 5 and of £9 17s 6d from tlie year's peak level touched on March 21 and September 5. There was a loss of 10s 6d in Electrolytic Zinc preference since the last business on September 16. Dominion stocks closed steadier, the only loss affecting National Banks, which changed hands for the first time since war broke out in the Pacific. The markets will be closed until January 12. CLOSING QUOTATIONS

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, redemption and brokerage, but no allowance is made for social and national security taxes on div-idends on which these are payable:AUCKLAND EXCHANGE Sale Price Rise or Yield £ s d Fall £ s d War Loan. 1/10/53 . 87 O O +ss Stk., 15/9/57GO, sy 4 . . 101 2 6 Tauplri D'ge., 1/4/G3, 4% 104 O O ... 8 18 5 Nat. Bk. N.Z. 119 O -Is 4 11 4 N.Z. Ins. (2) 3 5 6 '3 16 4 Dorn. I. and B. 0 19 O Ab.-Williams 0 6 0 8 6 8 §F.A.C. (£1) 015 0 8 0 0 Bycroft . . 2 6 6 Col. Sugar . 46 10 0 -80s 3 13 2 EL Zinc (pf.) 2 7 6 -10s 6d 517 13 Also.—SN.Z Insurance, 65s 6d. Wellington —§War Loan, 1/10/53, £B7; ditto. 1/8/51-54, 3, £9B 10s (2); SCommercial Bank Australia, 13s 4d; IBank New Zealand, 395; National Insurance, 19s 9d; §N.Z. Breweries, 355; IWoolworths (Syd.), 15s Gd; §Arahura, 2Ss. Christchurch.—War Loan, l/S/51-54. 3, £9B 10s; National Mortgage A, 40s; N.Z. Breweries, 355; Woolworths (Syd.), 15s Gd (3). SSales after hours on Monday. "Includes bonus. MARKETS IN AUSTRALIA STEADIER TONE DEVELOPS (Eecd. 8.30 p.m.) SYDNEY, Dec. 23 Enemy activities in the Pacific and the approaching Christmas holidays combined to restrict business on the Stock Exchange today, but a noteworthy feature was that the tone of the market was much steadier. Sales included: —Union Bank, £5 10s; A.C.1., 37s 9d; Australian Iron and Steel (pf.), 2Gs 3d; Broken Hill Pty. (con.), 2Gs lOd; Colonial Sugar, £42 ss; Kandos, 28s 3d; Felt and Textiles, 30s 6d; Millaquin Sugar, 34s Gd; Electro, ffiinc (con.), 33s Gd; G. J. Coles, 50s 3d; Kuala Kampar, Ss; Rawang, 4s Sd. Business in Melbourne included:—Australian Cement, 3-ls-, Australian Paper Mfrs. (pf.), 255; British Tobacco, 395; Broken Hill Ptv., 325; Dunlop Rubber, 20s 2d; G. J. Coles, ols; Mount Lyell, 235; Loloma, 15s; Emperor, 6s Gd; North Broken Hill, 33s 9d.

RECORD FOOD EXPORTS HIGHER CANADIAN STOCKS (Heed. 9 p.m.) OTTAWA, Dec. 22 In spite of the record-breaking: food exports to the Allies, Canada's food stocks at the end of the year are considerably above the average. For example, there are, 107,000,0001b of meat, compared with 84,000.0001b last year, and 5-1,000,00011) of butter, compared with 42.000,0001b, while wheat supplies exceed those of last year by 50,000,000 bushels. FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of "foreign exchange Auckland on overseas centres yesterday were supplied by the Bank of New South Wales as follows: — December 23 T.T. T.T. Buying Selling New York, dol. to £ .. 3.2542 8.2050 Montreal, dol. to £ .. 5.6039 3.5290 Java, fl. to £ . .. 6.187 6.004 Manila, pesos to £ .. 6.559 6.442 Hongkong, pence to dol. IS% 19 1-32 India, pence to rupee .. 22 3-16 22 3 4 Ceylon, pence to rupee . 22 3-16 22% Singapore, pence to dol. 34 41-64 35 39-64 S. Af„ £N.Z. £S.A. 100 123 125 London, £N.Z. £st. 100 124/7/6 125 Australia, £A. £N.Z. 100 100/10/- 100 Fiji. £F £N.Z 100 .. 90 SS/12/6 SHAREMARKET INDICES London: Fin. Times (1926 equals 100): — Govt. Kails Indust. Gold 1940 (high) 111.7 55.0 101.6 200.4 1940 (low) .. 104.8 '31.9 61.1 138.S December 20 113.3 52.9 100.0 175.4 December 22 113.3 53.1 100.1 174.0 New York: Dow Jones (1926 equals 100): — 20 Kails 30 Indust. Shares sold 1940 (high) 32.67 152.80 1940 (low) .. 22.15 111.84 December 18 . 24.59 105.21 1,310,000 December 22 . 24.38 106.59 1,460,000 CANADA'S GOLD OUTPUT (Reed. 9 p.m.) OTTAWA, Dec. 22 Canadian gold production in October was 461.0000z, against 455,0000z in September and 408,0000z in October, 1940. Production for the srst 10 months of 1941 totalled 4,460,0000z. WELLINGTON WOOL CHEQUE The proceeds from the first Wellington wool appraisal this season were £403,011. The offering was 20,956 bales, averaging £l9 4s 7d a bale, equal to 12.703 d per lb MINING YIELDS Maori Gold (West Coast). —118oz.; 136 hours: 12,500 yards; resuming January 4. Ked Jacks (West Coast). —720z.; 23,000 yards; 124: hours to December 13>

Bayers Sellers £ s d £ s d BANKS, INSURANCE, , AGENCY Cora. Bank. A'asia 0 13 3 0 13 10 Nat. Bank N.Z. . — 2 0 0 Bank N.S.W. 25 0 0 — Bank N.Z. 1 19 0 1 19 9 Ditto (D mort.) — 1 11 6 Union Bank 6 5 0 7 0 0 N.Z. Insurance . . 3 4 6 3 6 6 South British Ins. 2 13 0 3 0 0 Dom. In. and Bkg. 0 IS 6 0 19 6 F.A.C. (£1 paid) 0 14 0 0 16 0 Newton-King (pf.) 0 11 0 0 14 6 Traders' Fin. (con.) 0 0 11 0 3 8 COAL, GAS, SHIPPING Taupiri (ord.) 1 2 9 — Howard Smith .. 0 18 0 — TIMBER, WOOLLENS, BREWERIES Bartholomew 0 15 0 0 17 O' National . . 0 7 3 0 8 9 TaupoTotara (pref.) 0 12 0 0 14 0 Kaiapoi (paid) 0 17 6 — Ditto (con.) 0 6 4 0 7 3 Dom. Brew, (ord.) 1 8 9 1 10 0 N.Z. Breweries 1 14 0 1 15 0 MISCELLANEOUS A.C.I 2 1 0 2 5 0 British Tobacco . . 2 0 0 2 1 6 Broken Hill Pty. 1 16 0 1 18 0 Bycroft 2 5 9 2 8 0 Colonial Sugar .. 45 10 0 47 10 0 Donaghy's Rope (con.) 1 14 3 1 15 6 Electro. Zinc (pf.) 2 6 6 2 10 0 Farmers' Trading . 1 1 e 1 2 3 Gartrell-White (pf.) 0 17 0 0 19 6 G. J. Coles . 2 15 0 — Macduffs (ord.) . : 0 8 6 0 9 6 Macky, Logan 1 3 6 1 6 0 Moturoa Oil 0 2 0 0 3 3 New Akld. Laundry 0 13 9 0 14 6 North. Roller (ord.) — 1 5 6 Ditto (pref.) 1 3 0 — Wilsons Cement . . 0 17 0 0 18 3 Wooiworths (X.Z.) 0 14 3 0 14 9 Ditto (props.) . 1 5 0 1 6 6 Ditto (Syd.) .. 0 15 6 0 15 9 MINING Martha 0 8 9 0 9 6 Waihi Invests. 0 2 0 0 4 6 Broken Hill South 1 2 6 1 6 0 Mount Lyell 1 0 0 1 6 6 North Broken Hill 1 14 0 — N.Z. GOVT. LOANS Bonds— 15/1/53-57, 3% . 103 0 0 — 15/2/43-16, 4 . . 101 15 0 102 5 0 15/4/46-49, 4 . . 103 10 0 104 0 0 15/6/52-55, 4 . . 105 5 0 — Rural Bonds. 15/9/47, 4 104 0 0 — War Loan, 1/10/53 86 15 0 87 5 0 Do., 1/8/46, 2% 97 5 0 98 5 0 Do., 1/8/51-54, 3 97 15 0 99 0 0 Stock — 15/1/56-59, 3Vi . 101 0 0 — 15/9/57-60, ?.Va . 3 01 15 0 101 5 O 15/1/53-57, 3y 2 . 103 0 0 — 13/2/43-46, 4 . . 101 15 0 — 15/4/46-49, 4 .. 103 10 0 — 15/5/49-52, 4 . . 104 15 0 105 5 0 15/6/52-55 4 • . 105 10 0 — 30/11/48. 4 104 5 0 — 31/5/54-58, 4 . . 106 10 0 108 0 0 S.A.C., 1/6/44, 3/ 4 98 0 0 — Australian Stock, 15/11/51. 3V . . 106 10 0 DEBENTURES A.H.B., 10/3/5S, 3% — 101 0 0 Ditto, 10/6/59 . — 107 0 0 ,Mt. Eden Borough, 1/4/56-61 105 0 0 — Akld. Gas (perp.) 92 10 0 —