COMMERCIAL

New Zealand Herald, Volume 80, Issue 24535, 18 March 1943, Page 5

COMMERCIAL

AUCKLAND EXCHANGE A BUOYANT MARKET A strong tone was again evident oil the Auckland Stock Exchange yesterday, and a substantial turnover was recorded, with recent firm values well maintained. There was a continued demand for freezing companies' shares and the sales list included N.Z. and River Plate and Southland Frozen Meat, neither of which had been dealt in locally for a considerable period. Government stocks were traded freely at late rates, banks and insurances were steady, and industrial shares again had a spirited demand. CLOSING QUOTATIONS

YESTERDAY'S SALES RETURN ON INVESTMENTS In the following list of yesterday's sales vields allow for exchange and British income tax wher» necessary, and, in the case of loans, redemption and brokerage:— AUCKLAND EXCHANGE Sale Price Rise or Yield £ S d Fall £ S (J Liberty Loan, 15/5/53-56, 3. . . 99 2 6 Stk.. 15/1/5357, 3% ..103 2 6 +2s6d 3 2 9 Do.. 15/5/4952, 4 . . 105 10 0 Bank N.Z. . 2 0 10 +2 18 9 South British 3 9 6 *'2 17 8 Auckland Gas 0 7 0 Bartholomew Timber . 12 0 Dom. Brew. (3) . . 113 6 t4 15 6 Southland Fr. Meat . 117 6 Dunlop Rubber 1 2 6 Farmers' Trad. 1 1 11 K.D.V. Boxes (2) 0 10 9 Sanford . . 0 5 3 Wilsons Cem't 0 IS 6 t2 5 0 N.Z. and River Plate 017 0 +ss3d 219 0 Also.—Stock, 15/2/43-46, 4, £IOO 12s 6d. Wellington.—Liberty Loan, 15/5/53-56, 3, £99 2s Gd; Bank N.Z., 40s Od; National Mortgage, A shares. 50s Gd; § Auckland Gas, 7s; SWellington Gas, 31s Gd; §N.Z. Refriar. (con.), 10s sd; 225; §Dnnlop Rubber, 22s Gd; ditto, 22s Gd; IWilsons Cement. 18s Gd; Macduffs (pref.), 21s; G. J. Coles, 5Ss 3d. Unofficial list: British Portland Cement (5s shares paid to Is), 15s. Christchurch.—Christehurch Drainapre Bd., 31/12/65, 4'/, £111; Bank N.Z., 40s 9d. 40s 1 Od; N.Z. Refrig., 21s 3d; ditto (con.), lOs Gd, 10s OV 2 d; IKaiapoi Wool, 21»; Kaitangata Coal, 33s Gd; Dominion Breweries, 33s Gd (2); Broken Hill Pty., 41s, 40s lOd; Dunlop Rubber, 22s Gd; Woohvorths (N.Z.), 16s (2); Woolworths (Syd.), 16s Bd. tßased on interim dividend at rate per annum. 'lncludes bonus. ISales after hours on Tuesday. QUIET IN SYDNEY (Reed. 8.30 p.m.) SYDNEY, March. 17 Buyers outnumbered sellers in quiet trading on the Stock Exchange to-day. Sales included:—Felt and Textiles, 40s 6d; A.C.1., 50s Gd; Morts Dock, 20s 3d; Tooths, 565; Broken Hill Pty.. 40s; Electrolytic Zinc (pref.), 575. BIG RIVER GOLD MINE The annual report of Big River Gold Mines (Reefion) for the year ended December 31 states that until operations ceased in July 323 tons of ore had been crushed for 2530z. and 200 tons of battery sands were cyanided for These realised a net revenue of £2457. The loss on the year's working was £712, which, combined with previous losses, had placed finances in a low condition, but arrangements had been nvade for bank accommodation in consideration of a debenture over assets. Of the preference issue of 100.000 Is shares authorised, 52,367 shares had been applied for and the amount subscribed, £1684, had been placed in a trust account until the full preference capital of £SOOO was subscribed and conditions justified further development. The mine has been closed in tho' meantime. STOCK AT FRANKTON (0.C.) HAMILTON, Wednesday A medium yarding of fat tiheep was penned at the Frankton stock sale yesterday. Competition was keen at the commencemeint and prices realised were in advance of those obtained last week, but values eased toward tho finish. A full yarding of fat lambs sold readily at recent rates. A medium yarding of ox beef comprised mostly light to medium weight cattle. Prime quality was in keen demand with values hardening. A smaller entry ot cow and heifer beef also met a ready sale with values slightly firmer. Values for a medium offering of veal remained firm. A large yarding of all classes of pigs came forward. Heavy baconers were slightly easier, porkers and unfinished baconers remaining firm at late rates. Store and weaner pigs were dull of sale. Quotations:—Heavy prime wethers, 80s 6d to 33s 3d; prime medium weight wethers, 27s Gd to 20s; light prime wethers, 26s to 26s 6d; prime Southdown cross 2-tooths, 24s to 20s Gd; light prime Southdown cross, 2-tooths, 22s Gd to 23s 6d; prime fat ewes, 13s Gd to 15s; medium, lis to 12s 6d; light and aged ewes, 8s to 10a; heavy fat lambs, 26s to 27s 9d; prime fat lambs, 24s to 255; medium, 22s to 23s 6d; light, 20s to 21s 6d. Medium to heavy prime ox, £l3 to £l3 15s; lighter, £ll 15s to £l2 12s; light, £lO 15s to £ll 10s; heavy prime cows and heifers, .C 9 10s to £lO 10s; medium, £8 10s to £9; light, £7 10s to £8 ss; 2nd and plain cow beef, £5 10s to £6 15s; boner cows, £3 15s to £5; runners, £4 15s to £5 19s; medium vealers, £3 10s to £4 6s; light, £2 to £3; calves, 15s to 355. Choppers, £2 10s to £5 12s; prime top weight baconers, £4 8s to £4 lis; medium baconers, £4 2s to £4 6s; light, £3 14s to £4; unfinished baconers and heavy porkers, £2 18s to £3 10s; medium porkers, £2 10s to £2 16s; light, £2 to £2 Gs; unfinished, 32s to 38s; store pigs, -4s to 30s; slips, 12s to 20s; weaners, 4s 6d to 10s.

Buyers Sellers £ s d £ S ' d Com. Bk. of Aust. 0 16 4 0 16 10 E., S. and A- Bk. 3 19 0 4 2 6 Nat. Bk. of N.Z. o 9 6 o 11 0 Bank N.S.W. 31 10 0 32 0 0 Bank N.Z. 2 0 0 2 0 10 New Zealand Inscc 3 IS « 3 19 6 South British Insce. :i 9 3 3 9 9 Standard Insurance 3 9 0 3 11 0 F.C.A. (B e. p.).. 1 2 6 1 3 3 Newton King (c. p.) 0 16 9 0 17 3 N.A.F. (A pref.) 0 18 6 1 o 6 United BIdg. (Ak.) 1 1 6 1 2 3 Renown (pref.) .. 0 2 11 0 3 2 Taupiri (ord.) 1 4 3 1 5 3 Wstpt.-Sttn. (ord.) 0 2 9 0 3 2 Auckland Gas 0 7 0 0 7 3 Ditto (5/- paid) 0 2 11 0 3 2 Northern Steam 0 6 9 0 7 1 Bartholomew Timb. I o 0 — National 0 9 3 0 10 0 Felt and Textiles o 2 6 — Kaiapoi (con.) 0 7 6 0 8 6 Timaru 0 19 3 1 0 0 Ballins Brew 0 13 6 0 14 9 Dorn. Brew, (ord.) 1 13 4 1 13 6 New Zealand 1 17 4 1 18 0 Aust. Con. Indust. o 10 9 2 11 6 Aust. Iron (c. p.) I 9 3 1 10 6 Berlci (N.Z.) 3 8 6 — British Tobarco o 7 3 2 8 3 Broken Hill Pty. o 0 10 o 1 0 Colonial Sugar .. 54 7 6 54 15 0 Con. Brick 0 8 9 0 9 0 David Jones 1 15 0 1 18 0 Donagliy's Hope .. o 10 0 2 1* 6 Durilop Rubber . . 1 2 0 T 3 0 Electro. Zinc o 11 0 o 16 0 Farmers' Trading 1 1 10 I 1 11 G. J. Coles o 17 6 o IS 9 Hill and Plummer 7 6 1 10 0 K.D.V. Boxes (10/) 10 7 0 11 0 Macduffs (ord.) . . 9 0 0 10 9 Macky. Logan 8 0 1 J) 3 New Ak. Laundry 13 6 0 16 0 Fmrs' Fert. (c. p.) 1 3 3 1 3 9 Forest Prod, (ord,) 0 3 10 0 4 3 N.Z. Newspapers . 1 16 0 1 17 ' 0 N.Z. Refrig. (paid) 1 3 3 1 4 0 Nth. Milling (ord.) 1 4 0 1 fi; 6 Peters Ice (N.Z.) 0 17 6 1 o 0 Radio (1936) 0 13 9 0 14 9 Rcid Rubber Mills 1 7 3 1 7 9 Sanford (ord.) 0 5 1 0 5 5 Ditto (pref.) .. Selfridges (A'asia) 0 IS 6 X 0 8 1 1 0 1 2 3 Wilsons Cement . . 0 18 3 0 18 9 Woolworths (N.Z.) 0 15 9 0 16 0 Ditto (Sydney) 0 16 4 0 16 9 Ditto (C, '_*nd pf.) 1 7 0 1 8 fl Do. (West. Aust.) 3 1 6 3 5 9 Arahura 1 5 0 1 7 0 Clutha .. 0 1 8 0 2 9 Martha 0 9 6 0 9 9 Waihi Invests. . . 0 4 1 0 4 9 Broken Hill Soulh 1 6 6 1 7 6 Emperor . 0 13 6 0 14 6 Mount Lyell 1 8 10 1 9 6 Mt. if organ (ord.) 0 9 2 0 e 4 War Loan— 1/8/51-5-1, 3 .. 98 5 0 99 c 0 Liberty Loan — 15/9/47, 2% .. 97 5 0 98 0 0 15/9/52-55, 3 .. 97 15 0 98 10 0 15/5/53-5(5 3 . . 99' 0 0 99 6 0 Stock— 15/4/46-49. A .. 103 10 0 104 i; 0 Auck. Gas (Perp.) 87 0 0 SS 0 0