COMMERCIAL

New Zealand Herald, Volume 80, Issue 24539, 23 March 1943, Page 5

COMMERCIAL

AUCKLAND EXCHANGE MARKET OPENS CONFIDENTLY, The week was opened confidently on the Auckland Stock Exchange yesterday, when a substantial turnover was recorded, with recent values generally maintained and supplemented by further advances in some cases. Investors again made inquiries over a wide range and sales were registered of Beath's (Christchurch) and Hadfield's, of Sydney (formerly Australian Alloy Steel), which had not been transferred locally for a considerable period. Government stocks and banks were steady, but the demand for insurances was less keen. Higher offers were made for Westport Stockton coal shares. 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 Sale Price Rise or Yield £ s d Fall £ & d Liberty Loan, 15/5/53-5(3, 3 . 99 2 6 8 2! 9 Stk., 15/(3/5255, 4 .. 107 0 0 ■ 8 8 0 Bds.. 15/4/4619, 4 . . 104 0 0 Bank N.Z. . 2 0 10 t2 18 9 i Farmers' Auct 4 11 0 Do. (B pf.) 13 6 +9d 4 5 1 Burns. Philp 215 0 +6d 3~L2 8 Renown Coll. 0 9 6 +6d 6 4 2 Dom. Brew. 1 13 6 t4 15 6 Beatil's ...... (ex div.) . 1 4 4 1 /, Farmers' Trad. (A pref.) .1 5 0 1 Roller Mills 14 6 -6d 3 5 3 Martha .. 0 9 9 +3d t8 8 9 Waihi Invest. 0 4 4 1 / 3 +3Vid 2 16 Also. —Newton King (pref.), 17s: Hadfields, lis. Wellington.—Liberty Loan, 15/9/52-55, 3, £9B ss; ditto, 15/5/53-56, 3, £99 2s 6d; ■ Stock, 15/9/40-48, 3, £99; Bank N.Z-, 40s . lOd (3); Union Bank, £7 14s; Gear Meat, . 21s; Metters (N.Z.), 17s; Wilsons Cement, ; lSs Od; Arahura. 20s 3d; Mount Morgan. 9s sd. Christchurch. —"War Loan, 1/10/53, £94 7s Od; N.Z. Refrig. 10s 6d; N.Z. i Newspapers, 375. Dunedin. —A holiday was observed for Annii versary Day. +Based on Interim dividend at rate p«ir . annum. i —— 5 SILKNIT (N.Z.) ACCOUNTS ORDINARY DIVIDEND DECLARED The accounts of Silknit (N.Z.), Limited, for the year ended December 31 show a net profit of £4942, compared with £16.583 in the previous year and £18,960 in 1940. From t the credit balance, including £llO brought forward, there had been deducted directors fees paid in 1942, £SOO, leaving £4552 available. The directors recommend that a dividend aggregating £1950 on the 6V2 per cent redeemable preference shares be paid for 1941 and 1942, and a dividend of 4 per cent on . the ordinary shares, requiring £2OOO, leaving £OO2 to bo carried forward. Gross profit from | trading was £40,862, compared with £40.264. and expenses, including taxation, at £35,920. , were higher by £12,239. The balance-sheet shows a reduction in bank overdraft from £53,119 to £37,970. Stocks at £90.337 are higher by £20,251. Sundry debtors at £10,156 are loWer by £10.407. No ordinary dividend has been paid since 1938.

Buyers Sellers £ s d £ s d. Com. Bk. of Aust. 0 10 3 0 16 9 Nat. Bk. of N.Z. 2 10 0 — Bank N.S.W. 31. 10 O 32 5 0 Bank N.Z. o o : 10 2 1 0 Ditto (D Mort.) 1 n 6 1 12 6 National Insurance 1 2 0 1 o 6 New Zealand Insce. — 4 0 0 South British Insce. 3 8 6 3 9 6 Standard Insce. .. 3 9 6 3 11 0 F.C.A (£» paid) 4 10 0 1 12 6 Newton King (c. p.) 0 16 9 0 17 3 N.Z. & River Plate 0 14 9 0 19 0 United Bids. (Ak.) 1 1 6 1 2 0 Renown (ord.) 0 0 4 0 9 10 Taupiri (ord.) 1 4 3 1 5 3 Wstpt-.-Sttri. (ord.) 0 3 1 0 3 6 Auckland Gas 0 7 0 — Ditto (con.) 0 o 11 0 3 0 Hud.-Parker (ord.) o 7 0 2 8 9 Northern Steam . 0 6 9 0 7 X National Timber . 0 9 0 0 10 0 Kaiapoi (con.) 0 7 6 0 8 6 Manawatu Mills. . 1 10 0 Timaru 0 19 4 1 0 0 Dom. Brew, (ord.) 1 13 0 1 14 0 N.Z. Brew. 1 17 3 1 18 0 Tooth's Brew. 2 14 9 2 17 0 Beath's 1 4 0 Hadfields Works. . 0 10 0 0 11 3 Aust. Iron and Steel 1 9 6 1 10 6 British Tobacco 2 7 3 2 8 6 Broken Hill Pty. o 0 3 2 1 0 Colonial Sugar . . 54 5 0 55 10 0 Con. Brick A Pipe 0 . 8 9 0 9 0 Donaghy's Rope .. 2 10 0 o 18 6 Duniop Rubber 1 2 0 1 3 0 Farmers' Trading 1 1 9 1 1 11 Ditto (A c. p.) 1 4 6 Gear Meat 1 0 9 1. 1 6 Hill and Plnmmer 1 7 6 1 10 0 K.D.V. Boxes 0 10 S 0 11 0 Macduffs (ord.) .. 0 9 0 0 10 6 Ditto (c. ipf.).. 1 0 6 1 1 6 Macky, Logan .. 1 8 0 1 9 6 Metiers .. 0 15 3 0 IS 0 M.K. Manuf's. 0 6 0 0 7 3 N.Z. Fnirs' Fert. 0 19 9 1 1 3 Forest Prod, (ord.) 0 3 11 0 4 3 N.Z. Newspapers . 1 16 0 1 17 0 Peters Ice (N.Z.) 0 IS 0 1 0 0 Radio (103(5) 0 14 0 0 15 0 Reid Rubber Mills 1 6 9 1 7 9 Sanford (ord.) 0 5 1 0 S 6 Ditto (pref.) . . 0 18 6 0 19 0 S'land Frozen Meat 1 17 0 1 18 0 Wilsons Cement . . 0 18 0 0 18 6 Woolworths (N.Z.) 0 15 3 0 16 0 Ditto (Sydney) 0 16 0 0 16 3 Arahura .. 1 5 6 1 6 6 Martha 0 9 8 0 9 9 Waihi Invests. 0 4 2 0 4 7 Mount Lyell 1 8 10 Mt. Morgan (ord.) 0 9 4 0 10 0 War Loan— 1/8/51-54, 3 .. 08 10 0 99 6 0 Liberty Loan— 15/9/52-55, 3 .. 08 5 C 98 15 0 15/5/53-50, 3 . . 99 2 6 09 6 0 Stock— 15/1/53-57, SV, . 103 2 6 103 10 0 15/2/13-46, 4 .. 100 10 0 100 17 6 15/5/49-52, 4 . . 105 10 0 106 0 0 15/(5/52-55, 4 . . 106 15 0 107 5 0