COMMERCIAL

New Zealand Herald, Volume 79, Issue 24250, 16 April 1942, Page 5

COMMERCIAL

AUCKLAND EXCHANGE A QUIET MARKET Trading on tJio Auckland Stock Exchange yesterday was quiet, with only minor changes in general values. There were a few more sellers of Government issues and four parcels changed hands, two showing a slight reduction on recent valuations. Bank of New Zealand shares were very steady and after three sales at 37s 6d, unchanged, the market rested between 37s 4d and 37s Bd. 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 Rise or Yield £ s d Fall £ a d Stk., 15/2/4346, 4 .. 100 12 6 Do., 15/4/4649, 4 . . 102 15 0 « t 3 2 6' Do., 31/5/54 58, 4 (2) 107 15 0 -6s 3 7 0 Bank N.Z. (3) 1 17 6 t4 0 0 Wellington.—War Loan, 1/10/53, £B9; Stock, 15/9/57-60, 3%, £lOl (2); . Bank N.S.W. £26 ss; Union Bank, £6. OHristchurch.—Stock, 15/1/56-59, SV,, £lOl 10s; ditto, 15/4/46-49. 4 (ex int.), £lO2 15s. Dunedin. Dunedin City debentures, 28/3/55, 4 1 /,, £IOB 158; Bank N.Z., 37s 6d; Waitaki Farmers, 955; N.Z. Breweries, 31s 9d; Broken Hill South, 20s 6d; Charles Begg Co., 21s; Otago Daily Times. 395; Woolworths (Syd.), 13s tEx interest. tßased on interim dividend at rate per annum.

FARMERS' TRADING COMPANY At a meeting of the directors of the Farmers' Trading Company. Limited, yesterday, a resolution was passed authorising payment of the half-yearly dividend on A, B and C. preference snares on May 30. On the A and B shares the rate is 7 per cent per annum, less 20 per cent reduction under the Interest Adjustment Act, making 5 3-5 per cent. On the C shares the rate is 6 per cent per annum. At an extraordinary general meeting also held yesterday a number of resolutions amending the articles of association were passed, and a reduction in the maximum number of directors from nine to seven was approved. RABBITSKINS IN DEMAND At the rabbitskin sale in Dunedin on Friday a total of approximately 48 tons was suDmit/fced. The demand was exceptionally strong, exporters bidding freely for all descriptions. Racks and summer grades showed a considerable improvement, values being on the average 12d to 15d per lb dearer. The official range of prices is:—Small, 60d to 71d per lb; runners, 82' Ad to 89% d; light racks, 94% d to 9Gd; prime racks. 88V a d to 92d; summers, 51% d to 68% d; dawny autumns, 90d to 93% d; first early autumns, 93d to lOOd; first late autumns, 103 d to 105 d; spring bucks, 76d to 87d; milky, 60d to 65>id;' summer broken, 60d to 65y 2 d; autumn broken. GGd to 70d ; summer fawns, 40d to 50d; summer black, 34d to 40d; autumn black. 40% dto 46y a di hareskins.' to 24 d MINING YIELDS Argo ("West Coast).— 330z; 10.500 yards; 180 hours. Grey River (West Coast).-—Return to April Is 2200z; 100,742 yards; 131 hours. March return: 8770z; 377,395 yards; 556 hours DIVIDEND DECLARED The Mosgiel Woollen Company is paying an unchanged interim dividend of 4 per cent for the half-year ended April 6. EGG PRICES UNCHANGED The Auckland Egg Marketing Committee advises that there is no change in the wholesale price of eggs, standard hen being 2s HVsd and large duck 2s 9Vad. with the usual differentials. FRANKTON STOCK PRICEg At Frankton on Tuesday there was ti good yarding of all classes of cattle and sheep with a medium entry of pigs. Competition was keen, particularly for beef cattle and for baconers. Quotations were:— Dalgety and Company:—Medium fat bullocks, £lO 5s to £ll 7s Gd; heavy fat Polled Angus cows, £8 10s to £9 ss; lighter, £fj 15s to £7 7s 6d; fat Jersey cows, £5 io £5 12s 6d; heavy boners, £3 17s to £4 3S; medium, £2 15s to £3 7s Gd; lighter, 15s to 2.55; empty store cows, £4 to £4 10s; Shorthorn heifers, £3 to £3 7s 6d, Heavy fat wethers, 20s to 31s Gd; medium, 2Gs Gd to 28s 3d; light, 23s to 25s Gd; fat ewes, 15s to 17s Gd; unfinished ewes, 12s Gd to 14s 3d; fat lambs, 21s Gd to 23s 3d; lighter, 18s 3d to 19s Gd; good storo lambs, 15s to 16s Id; medium, lis 9d to 145; others, 8s 3d to 9s 9d. Prime top-weight baconers, £4 3s to £4 66; heavy baconers, £3 17s to £4 2sj medium, £3 10s to £3 16s; light, £3 4s to £3 9s; heavy porkers, £2 16s to £3 3s; medium, £2 Gs to £2 15s; light, £1 15s to £2 ss; lighter and unfinished, £1 6s to £1 14fi; good stores, 15s to £1 Is; slips, 8s to 12s; weaners. 4b to 5s 6d. Loan and Mercantile. —Prime fat Polled Angus bullocks, £ll 15s to £l2 17s Gd; Shorthorn, £lO to £ll 10s: light fat steers. £7 5s to £8 15s; heavy fat Shorthorn cows, £G 5s to £7 10s; medium fat cows, £5 to £6 2s Gd; heavy honor cows, £3 15s to £4 7s Gd; medium boner cows, £3 5s to £3 12s Gd; light boner cows, £2 10s to £3 3s; Btoro cows, £3 15s to £4 88; small weaner Jersey heifers. £2 to £3 3s ; yearling steers, £3 to £4 ss: vealers. 15s to £2 2s. Prime top-weight baconers. to £4 7s; mediumweight baconers, to £4 Is; lighter, to £3 17s; heavy-weight porkers, to £3 3s; medium, to £2 13s; light-weight porkers, £1 lis to £1 18s; stores, from 18s to 235 : choppers, to £2 13s.

PUKEKOHE HORSE SALE

(0.C.) PUKEKOHE, Wednesday A good entry and a good attendance of buyers marked a horso sale held at Pukekohe yesterday by the New Zealand Loan and Mercantile Agency Company, Limited. Competition was keen for horses showing quality, and prices went to £3fi 10s, a good reliable farm mare changing hands at this figure. Other reliablo farm horses made £22 to £27, with lighter and older farm sorts at £l2 to £lO and light horses just broken to chains at £6 to £l2.

Buyers Sellers £ s d £ s d banks, insurance, agency Com. Bk. Alls. 0 13 3 __ E., S. and A. Bk. 3 5 0 — Nat. Bank N.Z. 1 18 6 Bank N.S.W. .. '20 0 0 Bank New Zealand 1 17 4 1 18 0 Ditto (D niort.) 1 ff 10 0 Union Bank Aus. 6 0 0 10 0 National Ins. 0 17 7 •I) 18 0 New Zealand Ins. 3 0 6 9 3 3 0 South British Ins 2 13 2 16 0 Standard Ins. o 14 0 Dom. Invest. 0 IS 0 _ United P.B. (Ak.) 0 IS 0 — COAL. GAS, SHIPPING Pukemiro Coal .. 0 17 0 3 Taupiri (ord.) 1 3 Westport (i(j/) .. 1 2 0 1 a 0 Auck. Gas (10/) 0 6 4 0 6 10 Ditto (con.) 0 2 3 0 2 6 Northern Steam 0 3 9 0 4 6 TIMBER, WOOLLENS, breweries Leyland O'Brien 0 16 0 Bruco 1 2 0 Felt and Textiles 1 6 9 _ Kaiapoi (17/-) .. 0 18 0 — Ditto (con.) 0 6 6 0 7 3 Wellington (prcf.) 7 15 0 Dom. Brew, jord.) 1 5 0 1 7 6 New Zealand Brew. 1 11 9 1 12 6 MISCELLANEOUS A.C.I. 1 18 6 1 19 6 Berlei (N.Z.) 3 5 0 3 10 0 Broken Hill Pty. 1, 12 0 1 13 6 Bycroft 2 o 6 — Colonial Sugar ., 39 0 0 — Con. Brick 0 6 10 0 7 6 Farmers' Trading . 0 19 6 — Ditto (A prof.) 1 2 9 — Ditto (B pref.) 1 2 0 — Gear Meat (10/-) 0 15 0 0 16 0 G. J. Coles 2 •-> 6 2 5 0 McKendrick (ord.) 1 0 1 2 0 Macky. Logan 1 3 6 * 1 4 3 M. and C. (deb.) 0 16 6 — N.Z. Newspapers . 1 10 0 1 11 G Nth. Roller (ord.) — 1 2 6 Reid Rubber 1 1 6 — Ditto (con.) 0 13 0 0 15 0 Robinson Ice 1 3 0 1 4 6 Union Oil, Soap 1 5 0 1 7 0 Wilsons Cement .. 0 16 9 0 16 10 Wool worths (N.Z.) 0 12 3 0 12 8 Ditto (Syd.) .. 0 12 9 — MINING Arahura 1 7 6 1 10 0 Martha .. ,. 0 7 10 — Emperor . 0 7 0 0 8 0 Loloma 0 14 0 0 15 0 Mount Lyell 1 2 6 — N.Z. GOVT LOANS War Loan, 1/10/53 88 15 0 89 5 0 Ditto, 1/8/40, 2% 96 15 0 — 0 Do., l/S/51-54. 3 99 0 0 99 15 Stock— 15/1/53-57. 3% . 103 0 0 — 15/4/46-49, 4 (ex int.) 102 10 0 — 31/5/54-5S. 4 - . 107 15 0 108 0 0 DEBENTURES Auck. Harb. Bd., 10/9/71, 3% . — 99 0 0 Auck. Gas (perp.) 81 0 0 83 10 0