COMMERCIAL

New Zealand Herald, Volume 79, Issue 24178, 21 January 1942, Page 3

COMMERCIAL

AUCKLAND EXCHANGE , a ' 11:LIFELESS CONDITIONS Business was again very restricted on tiie Auckland Stocli Exchange yesterday, with the tone of the market very subdued. The leading insurances showed a further slight improvement, and New Zealands changed hands 6d higher. This and the sustained demand for gilt-edged issues were the only features of an otherwise lifeless day. 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. AUCKLAND EXCHANGE Sale Price Siseor Yield £ s d Fall £ s d Stk., 15/9/5760, 3% . 101 2 6 ... 3 4 2 City Auck., 1/3/50,3 Vi 100 5 0 ... 3 7 0 N.Z. Insce. 3 6 0 +6d *3 15 9 Macky-Losran 15 0 Also.—Stock, 15/2/43-46, 4, £lO2 15s; §]N.Z. Insurance, 665. Wellington —§Stock, 15/2/43-46, 4, £lO2 15s; ditto, 1/8/51-5-1, 3, 1 £9B 10s; War Loan, 1/10/53, £B7; Macduffs (ord.), 9s. Overseas list: Wool worths Holdings, 17s 3d. Christchurch.— §New Zealand Insurance, 65a 6d; N.Z Kefrigerating (£1), 20s; Wool worths (N.Z.), 14s Bd. Overseas list: Woolworths Holdings, 17a 3d. ♦lncludes bonus §Sales after hours on Monday. BUSINESS IN SYDNEY (Reed. 9.15 p.m.) SYDKEY, Jan. 20 Trading was quiet on the Stack Exchange to-day. Sales included.:—Colonial Sugar, £44; British Tobacco, 40s; Amalgamated Textiles. 9s; Tooths, 47s 6d; Mauri Bros., 5Ss 6dj Electrolytic Zinc. 455; Broken Hill Pty., 31s 9d; Mount Morgan, 8s 6d; Larut Tin, 2s 7d; Rawang Tin, 2s lid. - Melbourne sales included:—Dunlop Rubber, 20s; General Motors (pref.), 24s 6d; Loloma, 15s 3d. SUEZ CANAL COMPANY NAZI BID TOR CONTROL LONDON, Jan. 9 It is unconfirmedly reported that Mr. T. Harrison Hughes, vice-president of the Suea Canal Company, who recently resigned from the Ministry of War Transport, is preparing to reorganise the company. It is suggested that the reorganisation may include the formation of a holding company in London or New York to control the Sue? Canal Company. «• The Daily Express says: "Britain and her Allies must prepare soon to fight a financial battle for the Suez Canal with tfie Germans. British guns hold'the canal, but Dr. Funk, the German Economic Minister, and his financial bandits, hold control of the company's head office in Paris, and all its records. "The Nazis have been trying, since the falj of France, to track down and secure Suez Canal shares. The French directors of the company in occupied France are powerless. Presumably they would welcome complete Allied control of the company." FOREIGN EXCHANGE Closing telegraphic rates for. purchases and sales of foreign exchange Auckland on overseas centres yesterday were supplied by the Bank of 2\ew South Wales as follows: January 20 T.T. T.Tr" Buying Selling New York, dol. to £.. 3.2542 3.2050 Montreal, dol. to £ .. 3.G039 3.52f>0 Java, fi. to £ .. .. 6.157 6.004 India, pence to rupee .. 22 3-16 22JJ Ceylon, pence to rupee . 22 3-16 22?- 4 Singapore, pence to dol. 311-64 35 27-61 S. Af., £N.Z. i'S.A. 100 123 125/2/6 London, £N.Z. £st. 100 121/7/6 125 Australia, £A. £N.Z. 100 100/10/- 100 Fiji, £F. £N.Z. 300 .. 90 BS/12/6 AUCKLAND GAS SHARES Owing to a typographical error a final dividend of 3 per cent was wrongly attributed to Auckland Gas shares in me eail and dividend list published in the Herald yesterday. No dividend announcement has yet been made by the Auckland Gas Company's directors. CfOMPANY RESULTS The New Zealand and Eiver Plate Land Mortgage Company, Limited, has. cabled its New Zealand attorneys that at the annual meeting in London on January 29,-the directors will recommend a dividend of 4 per cent, less British income tax at 10s in the pound, in respect of the year ended October 31. 1941. This will absorb £25,000. A sum of £7OOO is being placed to reserve and., £26,233 is being carried forward. The figures indicate a net profit of £35,693 against £34,780. The dividend, is unchanged and the floating balance is raised by £693. Net profit of His Majesty's Arcade and Theatre Company, Limited, was £2281 tor 1911, against £2012 in the previous year and £2281 in 1939. Preference dividend is being maintained at 5 1-5 .per cent, less security taxes (final 2 3-5 per cont), while ordinary dividend proposed for the year is 5 per cent (final 3 per cent), against oV ? per cent in 1940. After dividend distributions £92! will be carried forward, against £247 brought in. Gross revenue was £9321, against £9329 and taxes absorbed £3841, compared with £3/20. The Wellington Trust, Loan, and Investment Company, Limited, is recommending a final dividend of 3 per cent, making 5 per cent, unchanged, for 1941. DUNEDIN WOOL RETURNS [by telegraph—press association! DUNEDIN. Tuesday At the wool appraisement in Dunedin on December 17 a total 0f.18.1125 bales.was valued. The gross proceeds »^ 0U " l r ed >l J* £320,043, and the average price perbale was £l7 4s 7d. The average price per lb. was 12.9 d. /•',' .:■ .J. '.:,':,,.;,, • MINING YIELD Snowy Elver (West Coast).—lS7«i 87,500 . tfardsj 174 hours.

Buyers f a A Sellers J} a A BANKS, INSURANCE, AGENCY* Bk. Australasia .. S '5 0 ft?" Com. Bk. Australia 0 13 S " " Nat. Bank N.Z, . 1 18 9 2 0 0 Bank N.S.W, .. 20 10 0 Do. fSyd., Melb.) Bank New Zealand 1 19 1 27 0 2 0 0 u Ditto (D. mortg.) 1 9 6 1 11 0 National Ins. 0 19 0 1 0 (J New Zealand Ins. . 3 5 0 3 6 0 South British Standard 2 16 6 2 17 3 5 3 9 Newton King (pf.) 0 10 9 0 14 3 N.Z. Guar. 0 2 9 0 3 0 Traders' Fin'e (con. 0 3 0 0 3 6 GAS, TIMBER, WOOLLENS, ETC. Auckland Gas 0 5 9 0 6 Q Ditto (con.) .. 0 2 5 0 3 0 Kauri Timber 1 2 0 1 4 0 National 0 7 3 0 8 6 Parker, Lamb 0 0 9 0 2 3 Kaiapoi (con.) 0 6 6 0 7 3 Dominion Brew. . . 1 : 9 0 1 10 0 New Zealand Brew. 1 14 3 1 15 0 MISCELLANEOUS Alloys Steel (N.Z.) t 2 0 6 Aust. Alloy Steel . o e 9 0 8 0 A.C.I. .. -2 3 0 British Tobacco . 1 19 0 Broken Hill Pty. . 1 16 6 1 18 6 Bycroft 2 3 6 2 8 (^ Claude .Neon (N.Z.) O.li 0 1 0 c Colonial Sugar .. 46 0 0 48 0 o Con. Brick 0 7 4 0 7 6 Elec. Zinc (pf.) ex. d 2 8 0 Farmers' Trading 1 ~0 6 1 1 9 Gear Meat 0 15 0 0 17 0 McKenzies 2 4 Q Macky Logan ., 1 4 0 1 6 0 N.Z. Drug 4 0 6 N.Z. Fert. /O 19 0 1 1 0 N.Z. Refrig. (con.) 0 8 9 0 9 (J Keid Bubber 1 5 6 1 6 9 Wilsons Cem. .. 0 17 9 Woolworths (N.Z.) 0 14 0 0 15 0 Ditto (Syd.) .. 0 15 8 0 15 9 W'ths Hlds., S.A. . 0 17 0 0 17 6 MINING Arahura 1 7 0 1 9 6 Martha 0 8 9 Una Hill 0 0 10 0 1 1 Waihi Invests. .. 0 2 6 0 4 6 Broken Hill Sth. . 13 0 1 7 0 Emperor 0 8 6 0 9 9 N.Z. GOVT. LOANS Bonds— * 15/1/53-57, SVa. 101 0 0 _ 15/2/13-46, 4 .. 102 5 0 __ 15/4/46-19, 4 . . 103 10 0 _ 15/6/52-55, 4 . . 105, • 0 0 _ Bural Bonds, 15/9/47, 4 . . 104 0 0 __ War Loan, 1/10/53 86 17 6 87 0 0 Ditto, 1/8/46 2% 97 15 0 Do.. l/S/51-54, 3 Stock— 15/9/57-60, SY t . 98 0 0 99 ~0 0 100 10 0 101 5 0 15/1/53-57, 3% . 101 0 0 15/2/43-46, 4 .. 103 10 0 102 15 0 15/4/40-10, 4 . . 103 10 0 15/6/52-55, 4 . . 105 5 0 106 0 0 30/11/48, 4 .. 104 0 0 31/5/54-58, 4 . . 106 10 0 — DEBENTURES Ak. fi-.B. 10/6/59 106 0 0 107 0 o City Ak. 1/3/50 W 4 100 5 0 Amal. Br. (Auck.), 1/3/44, 6 101 10 0 — Auck. Gas., Perp. Deb. 90 0 0