COMMERCIAL

New Zealand Herald, Volume 79, Issue 24303, 18 June 1942, Page 5

COMMERCIAL

AUCKLAND EXCHANGE MARKET CONTINUES ACTIVE Conditions were active on the Auckland Stock Exchange yesterday. The short-dated 2\ per cent War Loan was dealt in at a small advance. Both banks and insurances were very steady. Australians were firm, Burns-Philp shares being asked for at 435.

CLOSING QUOTATIONS

YESTERDAY'S SALES

RETURN OX INVESTMENTS In the following list of yesterday's salesyields allow for exchange and British income tax where necessary, and, in the case of loans redemption ancl brokerage:— AUCKLAND EXCHANGE Sale Price Rise or Yield £ s d Fall £ 8 d War Loan, 1/8/46, IVi 98 2 6 +2/6 3 3 3 Bonds, 15/1/5357, 3'A . . 103 5 0 -5/- 3 5 0 Stk.. 15/1/5357,3' A (2) 103 5 0 -5/• 3 5 0 O'hanga Tn. Bd., 1/5/60,4% 106 0 0 Com. Bank . 0 14 2 +ld 5 0 0 Union . . 6 18 0 N.Z. Insnce. 3 4 3 *3 17 9 Nat. Insnce. 0 18 10 +ld 3 19 7 Ak. Gas (2) 0 6 5 -Id 6 4 8 N.Z. Brew. . 1 10 3 -1/3 3 19 4 Dunlop Rub. 017 0 Also: Booth, Macdonald (pref.). ss; Mt. Morgan, 7s 3d. Wellington,—N.Z. Breweries, 30s 3d; War Loan, 1946. 2'A, £9S 2s 6d; Auckland Gas. 6s «d. Christchurch.—N.Z. Refrig., 20s Id; ditto (10s paid), Ss lid; National Insurance, 19s (2); § Westport Coal, 23s lid; N.Z. Breweries, 30s; Milburn Lime, 36s 4y 2 d; N.Z. Newspapers, 30s. Dunedin.—N.Z. .Refrig., 20s; WestportStockton, 2s lOd; Southland Ice Cream, 235, Nat. Insurance, 18s 9d (4), 19s; Bank N„Z.. 0(1; D.1.C., 14s 9d; N.Z. Drug, 73s Gd. §Sa!es after hours on Tuesday. 'lncludes bonus FAT STOCK SALES WESTFIELD VALUES FIRM Tne feature of the weekly fat stock sales at Westfield yesterday was the manner in which values for porkers soared to extreme levels. Competition was steady for increased entries in the beef section, ox beef selling at late rates, but cows and heifers eased slightly on last week's quotations. Large entries of sheep and lambs were keenly sought, and prices were firm, while a full yarding of calves met steady bidding, but previous high levels were not maintained. There was a demand for a short supply of fat pigs, and values improved. Alfred Buckland and Sons, Dalgety and Company, and the New Zealand Loan and Mercantile Agency Company report as follows : Beef.—There was a full entry of ox beef. Competition was steady, and late rates ruled. An extra heavy entry of cows and heifers sold under good competition, but the big entry accounted for an easing in value. Extra choice ox, to 37s per 1001b; choice and prime, 34s to 365; secondary and plain, 30s to 325; extra prime young cow and heifer, 2Ss to 325; choice and prime, 24s to 265; ordinary cow beef, 20s to 228; extra heavy prime steers, £l4 10s to £l6; heavy, £l2 15s to £l3 15s; lighter, £ll to £l2 ss; light, £lO t-o £lO 15s; small and unfinished, £8 to £9 10s; extra heavy prime young cows and heifers, £lO to £lO 10s; heavy, £8 15s t-o £9 15s; lighter. £6 15s t-o £9 15s; others, £4 t-o £5.

Sheep.—A big entry of sheep again drew good competition, and our quotations are firm on those of last week. Extra heavy prime wethers, £1 19s to £2 Is 6d; heavy, £1 16s fid to £1 18a; medium. £1 14s to £1 15s; light. £1 10s to £1 12s 6d; plain and unfinished, £1 to £1 8s; extra heavy prime young and maiden ewes. £1 4s to £1 8s tid; heavy, £1 2s to £1 3s; lighter. 19s to £1 Is; plain and aged. ItSe to ISs; others. 4s to 12s 6d. Lambs.—For a big entry of lambs, competition was keen, and a steady sale resulted. Extra heavy prime lambs, £1 Ss to £1 10s; heavy, £1 6s to £1 Ts; medium, £1 3s to £1 Is 6d; lighter, 18s 6d to £1 Is 6d; light, lotto 17s fid; small and plain, 10s to 14s. Calves.—There was a full yarding Although bidding was steady for all prime venters and runners, last week's high levels were not maintained, and values for all classes were easier. Runners. £1 10s to £8; heavy vealers, £5 to £3 12s; medium, £4 5s to £4 15s ; light, £3 to £4; small, £1 to £2 15s; unfinished and bucket fed, 10s to £1 ss; bobby and rough, 5s to 17s. Pigs.—There was a smaller entry of fats. Baconers sold readily at improved rates, while values for porkers soared to extreme prices. Stores also realised higher quotations. Choppers, £1 10s to £2 15s; heavy baconers. £4 12s to £4 1S8; medium, £4 4s to £4 9S; light. £3 15s to £4 Is; heavy porkers, £3 12s to £3 17s; medium, £3 to £3 Ss; light. £2 12s to £2 17s; small and unfinished, £1 17s to £2 7s; stores, £1 5s to £1 15s; slips. ISs to £1 Is; weaners, 12s to 16s.

ADDINGTON MARKET (P A.) CHRISTCHURCH. Wednesday Values were little changed at the Addington Market except for fat wethers, which were 2s a head dearer. The store sheep entry was 1700. Best ewe lambs made 26s 6d; medium to good wether lambs, 17s to 19s Sd; lower grades, 15s 3u and 16s Bd. The majority of the ewes offered were low in condition, the best price being 18s 3d for four and five-year-olds, other lines making from 10s 3d to 17s and low grade, 5s 6d to 9s lid. The highest price for wethers was 23s 7d for two-tooths, others making from 18s to 19s (id. The fat sheep entry was 4500, including some outstanding wethers. Extra heavy four-tooths realised 43s 4d, and others from 41s lOd to 42s 4d. The ewes were of mixed quality and the sale was somewhat erratic, but last week's prices were maintained. Butchers secured most of the heavy lines. The fat cattle entry was 622, against 707 last week. It included many prime, wellbred bullocks. The market was erratic. There was no change for special beef, but values for anything else were down from 10s to 15s a head. The top price was £2O 17s 6d. Best beef averaged 3S)s to 42s Od a 1001b; good, 37s ;o 38s 6d; ordinary, 33s 6d to 30s 6d; inferior cow beef, to 275. In fat pigs there was a heavy yarding of porkers and values eased by 3s to 5s a head. The bacon entry was small. Best quality baconers met a very keen demand, but overweights were exceptionally hard to quit. The average price for porkers was G%d to 7%d a lb, and for baconers, 6Vad to Sd.

LONDON EXCHANGE LONDON, June 16 On fiio London Stock Exchange quotations for bank shares and other corporation debentures and stocks, with comparisons for June 2, are June 2 Juno 16 £sd £ s d Bank Australasia ..5 7 0 5 7 6 E., S. and A. Bank 2 9 0 210 0 Union Bank . ..4 2 6 4 5 0 Bank N.S.W. .. 16 10 0 17 10 0 Nat. Bank N.Z ..166 166 Bank of N.Z. ..150 163 British Tobacco ..139 139 Goldsbrough-Mort .. 0 15 0 0 15 0 Dalgety ..3 7 6 8 10 0 P. and O. (def.) . . 17 7% 17 VA Loan & Merc, (deb.) 67 10 0 67 10 0 Ditto (ord.) . . 17 10 0 19 10 0

PETERS ICE CREAM The accounts of Peters Ice Cream Companj for the yea r ended April 30 show a net profit of £1690, compared with £l2Ol last year. The directors recommend a dividend of 5 per cent, unchanged.

MINING YIELDS Molvneux Dredge (Ofago).—Period ended June io: 210oz; 500 hours.

Buyers b eile '3 £ 8 d £ s d Cora, of Australia 0 14 0 — National of X.Z. . 1 18 3 — New South Wales 27 10 (.i — New Zealand 1 18 4 1 18 6 Ditto (D mort.) 1 9 a 1 10 <; Nat. insurance 0 18 9 0 19 0 X.Z. Insurance 3 4 0 3 4 3 South British ■2 14 6 2 15 0 Standard .. •2 19 0 — Dom. Inv. and Bkg. 0 is 3 — United P. Bldg. (Ak.) 0 19 9 1 0 0 Pnkemiro Coal .. 0 17 3 0 IS o West port 1 3 6 1 5 0 Wstpt.-Sttn. (ord.) 0 2 7 0 2 10 Auckland Gas 0 6 4 0 6 . ! Ditto (con.) 0 •i i 0 2 7 Northern Steam. .. II 4 4 0 4 9 Bartholomew Timb. 0 IS G 0 19 0 National . . 0 3 0 0 9 3 Kaiapoi Wool 0 19 3 — Ditto (con.) 0 6 9 0 7 9 Manawatu Knitting 1 1 ■j fj 1 13 0 Oil 111 nr u . . . # Dom. Brew, (ord.) . 6 6 — X.Z. Breweries . . 1 10 0 1 10 6 Aust. Con. Indus. . 1 IS >■> — Aust. Iron (pref.) 1 4 0 1 5 6 British Tobacco . . 1 16 0 — Broken Hill Pty. . 1 14 9 — Burns, Philp 2 3 0 — Colonial Sugar . . 44 15 0 45 10 0 Dunlop Ruhber 0 16 <i 0 18 0 Frras" Trad. (A pf.) 1 3 0 — Hill and Plummet 1 3 0 — Macky, Logan 1 2 6 1 3 0 M. and C. (deb. stk.) 0 17 0 — X.Z. Farmers' Fert. 0 18 6 0 17 6 X.Z. For. Prod, (ord.) 0 2 11 0 4 0 X.Z. Newspapers . 1 it" 0 1 11 0 X.Z. Refrig. icon.) 0 8 10 0 9 0 Heid Rubber l 1 6 1 o 3 Taranaki Oil Fields 0 5 0 0 G 0 Union Oil, Soap . . 1 6 3 1 7 3 Wilsons Cement . . 0 15 0 0 16 0 Woolwortbs (X.Z.) 0 12 9 0 13 4 Ditto (Syd.) . . 0 14 3 0 14 0 Woolworths Holdings (South Africa) 0 IT 0 0 18 6 Waihi Invests. .. 0 2 9 0 3 3 Mount Lyfill 1 3 r> — Mt. Morgan (ord.) 0 7 0 0 7 6 War Loan. 1/10/53 90 0 II 91 0 0 Do., 1/8/51-5-1,3 9> 15 0 100 0 0 Stock — 15/1/53-57, 3'/, 103 0 0 15/3/40-52. 4 . 104 5 0 103 0 0 Auckland Gas (perp ifeb. stk.) SI 0 0 82 0 (