COMMERCIAL

New Zealand Herald, Volume 80, Issue 24536, 19 March 1943, Page 5

COMMERCIAL

AUCKLAND EXCHANGE BUSINESS SLOWS DOWN A quiet day was experienced on the Auckland Stock Exchange yesterday, only eight, sales being officially recorded. Buyers bid keenly at late rates, but sellers wore seeking concessions that were not immediately available. Buyers raised their offers for Farmers' Auctioneering ordinary shares to 90s without securing supplies, and Farmers' Fertilizer preference sold 3d up at 23s 6d. Otherwise quotations showed few important changes. CLOSING QUOTATIONS

YESTERDAY'S SALES RETURN ON INVESTMENTS Tn the foltowincr* 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 £ 8 d Liberty Loan, ' 15/9/47, 2% 07 5 0 t 3 0 10 War Loan. 1/10/5:? . 94 10 0 Bank N.Z. . 2 010 t2 18 9 Dom. Brew. .1 13 0 t4 lo 6 Farmers' Trad. 1111 Fanners'Fert l _ (pref.) . . 1 3 6 4-3 d 413 I Also.—Newton King (pref.), 17s; Mt. Morgan, 9s 'ld. T . In yesterday's issue a sale of Newton Kins (preference) shares at 17s was inadvertently quoted as N.Z. and River Plate. Wellington.—Liberty Loan, 15/o/03-56. 3. £O9 2s 6d ; Bank N.Z.. 40s 9d; Nat. Mortgage (A shares). 50s 6d: Macduffs (pref.). 21s; Dunlop Rubber, '22s 6d; Gear Meat, 21s 3d; Farmers' Trading, 21s lid; British Tobacco, 48s; Wilsons Cement, ISs 6d. Christchurch.— Wellington City Council, 1/2/53. 4 VI, £1.10; Stock. 15/2/43-46. 4. £IOO 1 os; Electro. Zinc (pref.), 56s 6d; Westport Stockton, 3s 3d; Myers Emporium, 29s 9d; N.Z. Drug, 86 s. . Dunedin.—Dominion Breweries, 33s 6d. Kaitangata Coal, 33s (id. tßased on interim dividend at rate per annum. sale cum interest. HUDDART-PARKER PROFIT Net profit of Huddart-Parker, Limited (Melbourne), for 1942 is £II6,SOS, compared with £130,029 for 1911. This is struck after pr<> viding £63,657 for taxation and £95.16.3 for depreciation, against £67,304 ana £95,602 respectively for the previous year. Preference dividends of 6 per cent and ordinary distribution at the unchanged rate of 12 per cent require £120,000, and £61.584 is carried forward, compared with £o9.3id brought in. \ HUME PIPE AFFAIRS In notifying their intention not to pay an interim dividend this year on ordinary shares (already announced), the directors of Hume Pipe Company (Aust.) state that total sales for the half-year to December 31 were over 1° per cent lower than for the corresponding period of 1941. The company's factories "have been engaged almost entirely on orders for defence requirements. Business which would be available from municipal councils has been held up owing to shortage of manpower. A further shrinkage in sales is indicated for the six months now current. MINING NEWS Molyneux (Otago).—For the period ended March 11 2230z, 442 hours. Operations on the Kawarau River have been completed and the dredge has been tied up for the duration of (he war. . . Mount Morgan working surplus four weeks ended March 10. West Coast Returns.—Associated Gold: Week* ended March 13, 205%0z, 69,500 yards. 207% hours. Grey River: Period ended March 17, 4!X)V 3 oz, 143,337 yards. 257 hours. Okarito• S'-oz, 1860 yards, 51 hours. Slab Hut: Week ended March I' 3, 470z, 17,100 yards. 120 hours. MEAT PRODUCTION The official figures of killings for the present season at the Dominion's freezing worlio from October 1 until February 27. jssued hv the New Zealand Meat Producers Board, show that lamb killings now total 6.453 420 carcases, compared with 6.896.132 carcases to February 2S last season, a decrease 01 412,712 carcases. Wether mutton killings are 229.056 carcases, and ewe mutton killings 577.505 carcases, compared with 407,171 and 810,184 carcases respectively last season. Frozen beef production reached 135,720 quarters, compared with 128.671 quarters last season Porker killings total 31,800 carcases, a decrease of 47,1,39, and baconers total 74,765 carcases, a, decrease cif 102,546. U.S. WOOL DEMAND A recovery of 7 per cent in the price of tops on the New York futures market since the middle of January indicates tho demand for wool in the United States has brightened. Winchcombe, Carlon, Limited, reports. A slightly increased allocation of wool for civilian purposes has been granted in the United States, and further large Government orders are anticipated. Preliminary discussions have taken place regarding the supply of 15.000,000 undergarments and 48.000.000 pairs of socks during the second and third quarters of the year.

Buyers Sellers £ s d £ s d Com. Bank Aust. . 0 1(3 4 0 10 10 Com. Bank Syd. .. IS 10 0 20 0 0 Nat. Bank X.Z. .. 2 0 6 2 11 0 Bank N.S.W. 31 10 0 32 0 0 Bank New Zealand o 0 10 2 1 0 Nat. Insurance . . 1 2 0 1. 3 0 N.Z. Insurance . . 3 i5 0 3 10 6 Sth. British Insur. 3 !.) 0 3 10 0 Standard Insurance 3 » 0 3 1 1 0 Frms' Co-op. (£5 pd.) 4 10 0 4 0 1*2 0 Ditto (£1 paid) 0 14 0 15 6 Ditto (A pref.) . 1 3 0 1 4 3 Newton King- (of.) 0 10 9 0 17 3 N.Z. A River Plate 14: 0 — United P. Bldff. (Ak.) 1 1 (5 .1 o 6 Kaitangata Coal . 1 12 0 — Taupiri lord.) 1 4 3 1 5 3 Wstpt.-Sttn. (ord.) o 8 0 3 3 Auckland Gas 0 7 0 0 7 1 Ditto (con.) 2 11 0 3 2 Kauri Timber 1 4 0 — Leyland-O'Bricn .. 1 0 0 — National 0 9 3 0 10 0 Bonds Hosiery 1 11 0 — Kaiapoi (con.) 0 7 0 0 8 0 6 Tirnaru 19 3 1. 0 Dom. Brew, (ord.) 1 13 3 1 13 a N.Z. Breweries .. 1 17 4 1. IS 0 Tooth's o 14 0 2 17 0 Aust. Con. Indus . o 10 0 2 11 6 ' Booth-Mac. (pref.) . 0 8 0 •— British Tobacco 2 7 3 — Broken Hill Pty. . 2 0 e '1 1 0 Colonial Sugar .. 54 0 0 54 15 0 Consolidated Brick 0 s 9 O 9 0 David Jones 1 15 0 1 18 0 Donaghy's Rope .. 2 10 0 2 18 c> 0 Dunlop Rubber . . 1 2 0 "i 3 Farmers' Trading . 1 1 0 o 0 Fletcher Hold, (pf.) 1 •1 0 — Cr. J. Coles 2 17 0 o IS 6 K.D.V. Boxes 0 10 8 0 10 11 Lewis Early (pref.) 0 4 0 0 6 3 Macdnffs (pref.) .. 1 0 0 1 1 6 Macky, Losran 1 8 0 1 9 9 M. and C.' (ord.) 3 (ex div.) 1 0 — M.K. Manuf's. 0 0 6 — N.Z. Drug — 4 S 0 Ditto (con.) N.Z Frins' Fert . n 8 0 -— 0 19 9 1 1 0 Ditto (pref) .. 3 3 1 4 0 N.Z. For. Pro. (ord.) 3 10 0 4 3 N.Z. Newspapers 0 1 17 0 N.Z. Refriir. 3 0 1 4 0 North. Roller (ord.) 1 4 0 1 t3 Peters Ice (N.Z.) . 0 IS 0 1 'o 0 Radio (1030) 0 13 11 0 14 9 Reid Rubber 1 7 3 1 7 9 Sanford (ord.) 0 5 1 0 ,*> 5 Ditto (pref.) . . 0 18 6 1 0 6 (A'asia) . 1 1 0 1 2 3 Wilsons Cement . . 0 18 4 0 18 6 Woolworths (N.Z.) 0 15 0 0 16 0 Do. (Syd., ex div.) 0 1(5 2 0 16 ft Ditto (2nd pref.) 1 0 0 1 8 3 Martha 0 9 6 0 9 9 Waihi Invests. 0 4 1 0 4 8 6 Mount Lycll 1 8 10 1 9 NT t. Morgan (ord.) 0 9 o 0 0 5 War Loan, 1/10/53 01 10 6 04 15 0 Do., 1/8/51-.VI. 3 08 10 0 99 0 0 L L., 15/9/52-55, 3 08 0 0 OS 10 0 Do., 15/9/52-50, 3 09 0 0 99 5 0 Stock — 6 15/1/53-57, 3 1 /, . 1ft3 o 6 103 7 4 .. 105 5 0 106 0 0 Amal. Tirick (Akld.), 102 1/3/14. G 100 0 0 0 0 Auckland Gas 88 (perp. deb. stk.) . S7 0 0 0 0