COMMERCIAL

New Zealand Herald, Volume 80, Issue 24537, 20 March 1943, Page 5

COMMERCIAL

AUCKLAND EXCHANGE STRONG FINISH TO WEEK Buying strength was again evident on tlie Auckland Stock Exchange yesterday and business livened up considerably, with most of the sales on a rising market. An exception was provided in South British shares, which showed a further easing, selling (3d down at 695. Farmers' Auctioneering scrip received special attention, the ordinary and two preference issues coming on the sales list at; nr. advance in each case. Government stocks were steady, and there was again a keen demand for industrials. CLOSING QUOTATIONS

> YESTERDAY'S SALES r | RETURN ON INVESTMENTS i In the following: fist 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 ,t s d Fall £ s d ' Ak. Gas, perp. deb. 3Vi . 87 10 0 Bank N.Z. (2) 2 0 10 +2 18 0 , S. British (•_>) 3 A 0 -6d *2 18 0 Farmers' Auct. 411 0 +ls 4 8 0 Do. (Apf.) 1 4 0 +6d 4 3 4 Do. (B pf.) 13 6 +IS 6d 4 5 2 ,i Col. Sugar . 54 .10 0 i Electro. Zinc i (pref.) . . 216 8 +%d 3 3 6 j Farmers' Fert: I (pref.) . . 13 9 +3d 412 6 ; N.Z. Refrig. 1 8 *S +3d 413 7 j K.D.V. Boxes 010 0 | Maeky-Logan 1 9 0 +ls t4 2 8 •i S'land Fr.Meat • 1 17 0 Sanford . 0 5 3 Wilsons Cem't 0 18 4 -2d t2 5 5 Also.—Newton King (pref.). 17s; Arahnra, 20s 3d. ' Wellington.— sWar Loan, 1/10/53. £94 10s; Stock, 10/i*do-49, 4, €101; §Bank 1 N.Z., 40s 10(1; § Wellington Woollen (pref.), X'S 7s (id; sMver Emporium, 30s; Macduffs (pref.), 21s; Gear Meat, 21s 3d; Farmers' Trading, 21s ltd; British Tobacco, '18s; Wilsons Cement, 18s fid; N.Z. Drug, 80s. Christchurch.—•Wellington Woollen, £8 5s (2); Beath (ex div.), 24s 3d; Wilsons Cement. 18s (id; Mount Morgan, 9s sd. Dunedin,—Stock, 15/2/43-40, 4, £IOO 15s; Broken Hill Pty., -10s lOd; Farmers' fertilizer .(pref.), 23s 9d. tßased on interim dividend at rate per anriuni. 'lncludes bonus SSales after hours on Thursday SELLERS SCARCE IN SYDNEY (Reed. 8.30 p.m.) SYDNEY, March 19 Sales on the Stock Exchange to-day wero restricted by lack of sellers and price movements were negligible. Sales included: —Union Bank, X(5 17s; Anthony Hordorn, 17s; Dunlop (pref.). 30s; Woolworths < Syd.), ex div, 15s 7Vcl ; North Broken Hill, 4<Sa 3d; Broken Hill South. 25s 4/ ad; New Occidental, 10s Od. INVESTMENT TREND BROKERS' BUSY PERIOD Business on the Auckland Stock Exchange during the week was irregular, but slackness !on Monday and Thursday was more than i made up by heavy trading on the other three I days. Turnover was the heaviest since the i middle of last, month. The inherent strength iof the market whs evidenced in the prices i paid as the bulk of the sale- were made > either at late advanced rules or at fresh ■ gains. There were no important alterations i in Government, issues, values for which have i <diown little variation in the last 12 months, i Offerings were fairly free, more oartirularly !in the. Case of :he Liberty Loans. i Comparisons of Government issues, with ! {hose ruling on March 12 and a year ago, | ore as follows: . i'imi Last I his Ago Week Week C C £ ! kiu i.v 1'5;7,:1i 103 1 (»:»'/,♦ I ' Do! I.V I 10-49. I 10W, 101 KM Do l."> ■■<!/*.2-55. I 107 107 107% Do :;i ;, .M-.-.s I H)7'/< 107'/.* 107'/,* War'hoe it, 1/10/53 89 91 % ibVA > Do.. I <>-,'5 1-5 1, 3 »«'/,* 95% tl.S'/, ] Do. 15/9/17, 2'A US/i* 97 | IV 15/9 Vj-55,3 - 99-% < 'Buyers, 5Ex interest • shares had a steady demand, hut, < ~nlion :h iiiiirglns between buyers and sellers w.-re comparatively slight only a few sales , were made \u.stralasias, in 'heir first trans- , ii,-lion this veur, sold 5s up. New Zealand* | had -lead: business iit late rates. In insur- ] anrc- ihi- nosi notable Feature was an easing . in .SoulI! British, which changed hands at ( (ills This - Is -id below the peak level estab- ( lished last month, but still ' od above the . lire-Christmas valuation. I .| A marked feature w:i- ;he persistent Keen ; , demand for a wide range, of miscellaneous 1 < Dominion -ecuritics Special it tent ion was , | vi-n ',■ .hose ,-ioirerned wilh farming in- ' ' leresls Farmers' Auctioneering, Newton , King. Gear Meat, Southland Frozen Meat, v New Zealand Refrigerating and Xew Zealand ) Farmers' Fertilisers were all included in (tie , sales list Woollen manufacturing shares were m keen request, with few offerings. Among ( departmental stores Macky, Logans advanced 1 , further and with a sale at 29s touched their ( liighest level for many years. Gas shares | maintained recent improvement. Limited btisi- i ness was done in Australian industrials with j only minor changes in "nines 1 i) 42 I .as; I'his High Low Week Week Bank of N.Z... 42/- 30/- 40/10 <lO/10 Com. Bk. Aust. 10/- l:V 10/8 1.0/6 Nat. Bk. N.Z. . 48/0 38/- 50/-* 50/0 Bank N.5.W... 000/- 500/- 010/- 040/TTition Bank . . 152/0 117/0 155/-I 154/-t Nat In see .. 21/0 17/0 22/4 22/4 N.Z. Insco. . . 77/- 59/- 79/- 79/South British . 08/ 47/ 09/9 09/Ak. Gas (10/-) 7/2 0/- 7/- 7/-* Pukemiro . 17/9 17/ 17/0* 17/0* N.Z Brew. .. do/ 30/- 37/10 37/0 Dom. Brew. .. til/- 20/ 33/0 03/0 A.C.I. ■ . . CO/- 37/0 51 /• 51./0t Blui. Kill Pty. 41/3 31/- 41/- 41/Bycroft . . 10/0 43/0 48/3* 48/0* Col, Sugar .. 1052/0 720/ 1090/- 1000/Farm. Trad. .. 22/- 19/- 21/11 21/1:1 G. J. Coles .. 57/0 41/0 59/3 57/9 Wilsons Com,.. . 18/4 15/- 18/0 18/4 W'wths. (N.Z.) 15/2 12/- 10/- 15/9 \ Do. (Syd.) . 10/0 11/0 16/11 10/3 "Buyers. JSellers. MARINE INSURANCE (P.A.) WELLINGTON, Friday Advice received from London states that a new marine insurance surcharge agreement r lias heen adopted applying to all sailings on ! and after April 15, embracing t|ie present surcharge wartime extension and a new free Of Capture and seizure clause.

Buyers Sellers i s d s d Com. Brink A us. 0 10 I 0 10 s Com. Bank Sycl. IS 10 0 •JO 0 0 \at. Hank X.Z. '2 10 0 o ii 0 Bank N.S.W. :>,] 5 0 32 5 0 Bank New Zealand 2 0 9 2 1 0 Ditto i'D mort.) 1 11 0 1 12 0 National lnsrc. 1 2 0 1 2 New Zealand I usee. ,'i js 0 3 19 0 South British Ins :t s 0 3 9 (i Standard Insce. ■ • 1! <1 0 1 1 F.A.C. f€5 pa ill) 1 111 0 1 12 Ditto (B prrf.) 1 3 0 1 1 Newton Kinsr 'pf.1 0 10 9 0 17 -1 X.Z. & River Plate 0 15 1) 0 IS 0 United P.B. (Akd.) 1 t 0 1 o 0 Benown Coal (ord.) 0 9 3 0 10 3 Ditto (pref.) 0 2 11 0 3 3 Taupiri ford.) 1 4 3 1 5 3 West.-Stktn. ford.) 0 2 9 0 3 0 •Vtick. Gas (10/-) 0 7 0 — Ditto (con.) 0 2 11 0 3 2 TT ii <1.-.Parker (ord.) 2 7 0 2 8 9 Northern Steam . . (! !) 0 7 1 Kauri Timber 1 0 __ Xationa' n 0 0 10 0 Bruce Wool (ord.) 5 3 — Kaiapoi '17/- f.p.) 0 0 — Titnaru 1!) 3 1 <1 0 Doni. Brew, ford.) 13 0 1 11 0 Xmv Zealand Brew. 17 0 1 18 0 Aus. Con. Indus. — o 11 0 Hritish Tobaeeo . . '2 7 3 — Broken Hill Pty. <> 0 IS 2 1 0 Tiurns. Pliilp 2 14 0 2 10 G Bycroft 2 8 (5 — Claude Neon f\ T .Z.) 1 :i 9 —. Colonial Su<rnr , . 5 t 5 0 — Con Brick i) s <» 0 n i) Donashy's Rope 1(1 0 2 is Ii Dnnlop H ibber 1 2 0 1 3 0 FJectro. Zinc 11 0 2 10 n rpwrs' Tradiirr . i" I s 1 2 0 Ditto .A pref.) I 1 i; 1 5 !> Cear Meat (10-) I 1 o 1 2 11 ,1. Coles 17 0 2 is 3 Hill and I'lummer i 7 (i 1 10 O K.D.V. Boxes (10/) 0 10 9 0 1 1 0 MacdnlTs (ord.) 0 9 0 0 10 9 Ditto (pref.) 1 0 0 1 1 0 Mack v. Loiran 1 s (> 1 9 0 M.K. Mtifrs. In!-) 0 0 0 0 7 0 0 Xew Aiick. Laundry 0 13 0 0 10 X.Z. Farm. Fert. 0 19 9 1 1 0 X.Z. Forest (ord.) 0 3 10 0 1 17 3 3 X.Z Newspapers . 1 10 0 1 Nth. Boiler (ord.) 1 -t 0 1 5 0 Peters Ice fX.Z.) 0 18 0 1 0 0 Keid Rubber 1 ft 9 1 7 9 Sanford (0"d.) 0 •5 1 0 5 0 G Ditto (pr f) 0 18 6 1 0 Frozen Meat- (ord. 18 0 and pref.) 1 17 0 1 Wilsons Cement , . 0 IS 0 0 18 0 0 Woolworths (X.Z.) 0 15 3 o 16 Ditto (Syd.) 0 10 0 0 10 0 Arahura 1 5 0 1 7 0 Chit ha 0 1 9 0 o 0 Martha 0 9 6 0 9 10 Wttihi Invests. 0 •1 2 0 •1 0 Broker, Hill South 1 0 a 1 7 6 Emperor . . 0 13 a 0 11 fi Mount Lyell 1 8 10 1 9 6 Mt, Morgan (ord.) 0 !) o 0 9 6 Hds., in/1; 1(5-!0, 1 ion 10 0 101 10 0 War Loan— 1/8/51-54. 3 .. OS 10 0 99 0 0 Liberty Loan — 0 :i 5/9/52-."), 3 .. OS 0 0 08 15 15/5/53-5(i. 3 . . Oil 0 0 09 5 0 Stock— 15/2/43-<l(> 1 . . 100 10 0 100 17 0 '15/0/52-55, 4 . . 107 0 0 107 5 0 Amal. Brick (Ak.). 1/3/4-1, 0 100 10 0 101 10 0 Aiick. Gas (perp.) 87 0 0 S3 0 0