COMMERCIAL

New Zealand Herald, Volume 79, Issue 24369, 3 September 1942, Page 5

COMMERCIAL

AUCKLAND EXCHANGE A FIRM MARKET Australian banks and industrials reflected the improved outlook in the South-west Pacific on the Auckland Exchange yesterday and higher quotations ruled for most of the leaders. The insurance section continued very firm and fresh advances were recorded both by New Zealands and South British. Miscellaneous Dominion securities were well supported. Wellington Woollens recorded a rise of 5s and Farmers' Trading gained another 3d with business at 20s ; 3d. Government stocks were firmly held with the exception of the Liberty Loan 3 per cents, which dropped another 2s 6d with a sale 10s below par. 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

Wellington,—Stock, 15/6/52-55, 4, £107; Ballins Breweries, lis 6d, lis sd; Broken Hill Pty., 37s 3d; Woolworths (Syd.), 15s 9d; Woolworths Holdings, 18s 4d; Mount Lyell, 26s Od. Christchurch.—N.Z. Refrig. (con.), 9s 6d; §Kaiapoi Woollens (con.), Ss 9d; A.C.1., 46s Od; Mount Lyell,-2Gs 4y 2 d; N.Z. Newspapers, 335. Dunedin. —Okarito, 3d; Consolidated Goldfields, 7s; Nokomai, sd; Westport, 25s 3d. tßased on interim dividend at rate per annum. 'lncludes bonus. §Sales after hours on Tuesday. WOOL VALUES INCREASE FOR AUSTRALIA At this season's British contract prices the average value of the current Australian wool is approximately £2 10s a bale more than for the preceding three years. Under the 1939-42 prices the average value for Australia's production was about £l7 5s a bale; it is now about £l9 15s. The prices at which most clips are being appraised compared with 12 months before reflect the higher figures prevailing. In a few areas in which pastoral conditions have been ideal from the purely wool-growing standpoint unusually attractive wools have been shorn. In those cases the advance in the figures obtained is particularly marked. Referring to the statement of the Dominion Minister of Marketing: that the 15 per cent increase in the price of wool would not apply to the wool required for local consumption, the Sydney Morning Herald points out that the Australian manufacturer pays appraised figures, plus 25 per cent for shorn supplies, and 17% per cent for skin wools for local use. ALEXANDER MINES A profit, of £1795, insufficient to allow a dividend, is disclosed in the accounts of Alexander Mines, Limited (Reefton), for the year ended May 31, and compares with £1896 last year and £268 in 1910. The credit at the bank, plus gold in transit, with other cash items, totalled £3994 and creditors were owed £204. During the year £462 was paid as gold duty and £617 for war tax on gold. Total production of gold was valued at £10,165 from *"1396 tons of ore, compared with £14,099 from 2543 tons the previous year. The reduced output is attributed solely to shortage of labour. MINING YIELDS West Coast Dredges.—Barrytown group:August: Barr.vtown, 3260z, 1-19,000 yards, 411 hours; Kanieri, 10250z, 106,000 yards, 450 hours; Arahura, lS7loz, 225,000 yards, 554 hours. Okarito, 23V<oz in 70 hours. ADDINGTON MARKET (P.A.) CHRISTCHURCH, Wednesday Store ewes and lambs sold well at tha Addington market. Many hoggets failed to reach the reserves, the highest price being 36s for a pen of open-woolled ewes. Another ewe line sold at 2Ss lOd. Wether hoggets made 23s 3d. One line of ewes and lambs made up to 21s 6d, all counted, and others made up to 17s 4d. A line of sound-mouthed ewes, in lamb, made 24s 6d, and others from 15s 9d to 20s 9d. The fat cattle market was keen, but the improvement of 15s a head recorded last week was not maintained. Several prime lines made from £2O to £2l 10s Sd a head. Best beef made from 42s 6d to 45s per 1001b; good, 40s Gd to 42s 6d; medium, 37s Gd to 40s; ordinary, down to 345. The top price was £2O 17s Od. For fat sheep there was little quotable change, although light to medium prime ewes were dearer. Beat wethers ran (reel from 40s to .445, and best ewes from 30s to 335, with tops to 38s. Some outstanding fat hoggets sold at up to 48s. Fat pigs maintained recent values. Baconers ranged from £4 7s 6d to £5 14s 6d. Porkers fell by 10s to 20s a head, prices ranging from £2 7s Od to £3 14s 6d.

Buyers Sellers £ s d JE s d Com. of Aust. .. 0 14 7 0 15 0 Com. of Sydney 17 0 0 — E., S. and A. Bk. 3 11 6 — Nat. Bk. N.Z. 2 2 3 2 3 6 Nat. of A'asia (con.) 5 7 6 5 15 0 New South Wales 29 0 0 29 5 0 Bk. of N.Z.. 1 19 4 1 19 8 Nat. Insce. 0 19 6 — N.Z. Insce. 3 10 9 3 11 0 Sth. British 3 2 3 3 2 6 Dalgety 6 15 0 — F.C.A. (A pref.) .. 1 2 9 — Pnkemiro Coal .. 0 17 0 — Taupiri (ord.) 1 3 3 6 Auckland Gas .. 0 6 0 0 5 Ditto (con.) 0 2 6 0 3 1 Nth. Steam (11 f.p.] 0 4 9 0 5 0 Bartholomew 0 19 0 — Leyland - O'Brien 0 17 6 0 18 0 Kaiapoi (17/ f.p.) 1 0 0 — Oamaru .. 1 2 9 I 4 6 Timaru .. 0 17 6 0 17 9 Dom. Brew, (ord.) 1 0 9 1 7 9 New Zealand 1 13 2 — Alloys Steel (N.Z.) 1 14 9 — Aust. Con. Indust. 2 6 6 2 7 6 Berlei (N.Z.) 3 7 0 — Booth-Mac. (pref.) 0 6 9 0 8 0 Broken Hill Pty. I 18 0 1 19 0 Burns. Philp 2 7 0 — Bycroft 2 5 9 Colonial Sugar .. 49 0 0 ol 10 0 Con. Brick 0 6 10 0 7 2 Farmers' Trading 1 0 0 1 0 6 Henry Jones Co-op. 2 5 0 — K.D.V. Boxes .. 0 8 6 0 9 9 Macduffs (pref.).. 0 17 0 0 18 0 Morts. Dock 0 18 6 1 1 6 N.Z. Farm. Fert, 0 16 0 0 17 3 Ditto (C. pref.) 1 o 3 1 3 0 N.Z. Newspapers . 1 12 3 1 13 0 N.Z. Paper Mills 1 12 6 — Pliillipps & Impey 1 11 0 — Radio (1936) (f.p.) 0 10 3 0 11 0 Reid Rubber Mills 1 1 0 1 2 0 Taranaki Oil Fields 0 4 9 0 5 9 Union Oil 1 7 0 — Whittome, Stevenson 0 18 9 Wilsons Cement .. 0 17 2 0 17 3 Wool worths (N.Z.) 0 14 8 0 14 9 Ditto (Prop.) .. 1 4 0 1 6 0 Ditto (Sydney) 0 15 9 0 16 0 Ditto (C. 2nd pf.) 1 6 0 1 7 6 Arahura Mining .. 1 6 0 1 10 0 Barr.vtown 0 8 6 Blackwater 0 13 0 C'on. Goldfields .. 0 6 10 0 7 9 Martha 0 8 3 0 8 7 Loloma 0 16 6 Mount Lyell 1 6 6 1 7 0 Nth. Broken Hill 2 4 0 Placer Development 2 1 0 Bulolo 1 10 6 _ War Loan, 1/10/53 91 10 0 Do., 1/8/46, 2Va Liberty Loan— 97 7 6 98 0 0 15/0/52-55, 3 .. 99 5 0 99 12 6 Stock— 15/1/50-59, 3V, . 100 15 0 101 15 0 15/9/57-60, 3Vd • 102 0 0 103 0 0 15/5/49-52, 4 . . 100 0 0 106 10 0 Amal. Br. (Auck.), 1/3/44, 6 .. 100 0 0 101 10 0 Auck. Gas (perp.) 79 0 0

Sale Price Rise or Yield £ 6 d Fall £ 8 d War Loan, 1/10/53 . 91 15 0 +5b — Liberty Ln.. L. Ln., 15/9/5255 (3) .. 99 10 0 -2s 6d 3 1 5 Bank N.Z. (2) 1 19 6 — 3 15 11 X.Z. Insur. . 3 10 9 +3d 3 10 8 Sth. British 3 2 6 +6d 2 8 0 Kaiapoi Wool (con.) .. 0 8 0 — *5 5 0 Wgtn. Wool (pref.) .. 7 12 6 + &S *5 o 10 Westport .. 1 5 3 +3d 3 19 2 Xth. Steam. (con.) 0 0 11 -Id 11 9 1 A.C.I. 2 6 9 +3d 3 2 0 Ditto .. 2 7 0 +6d 3 1 8 Frms' Trad. 1 0 3 +3d 4 18 0 Reid Rubber 1 1 6 +6d 6 10 3 Wilsons Cem. 0 17 o -3d 2 3 8 W'ths (X.Z.) 0 14 S -Id 4 15 5 Ditto (Syd.) 0 15 10 +3d t3 3 2 ilt. L.vell . 1 6 6 +6d 6 12 0 Also Consol. Gold. 7s id.