COMMERCIAL

New Zealand Herald, Volume 80, Issue 24541, 25 March 1943, Page 5

COMMERCIAL

AUCKLAND EXCHANGE MARKET LEADERS WEAKEN A larger turnover Avas recorded on the Auckland Stock Exchange yesterday, with values fairly steady. Market loaders, both New Zealand and Australian, however, seem slightly easier, , and the demand appears to have shifted " to miscellaneous issues, and especially to those quoted at a discount. United Building showed a gain of Is 6d since November and touched their highest level in recent years. Auckland Gas shares continued their late recovery with business at 7s Id. P. and O. shares were again in demand at 36s and a seller came in at 40s.

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 ol! loans, redemption and brokerage:— AUCKLAND EXCHANGE Sale Price Rise or Yield £ s d Fall £ s d Liberty Loan. 15/5/53-56, 3.9926 Bank N.Z. (3) 2 0 10 t2 18 9 South British 3 9 0 t2 3 5 United Build. 119 +ls 6d 5 12 Auckland Gas 0 7 1 +ld 4 4 8 Gear Meat 110 *4 15 3 Southland Frozen Meat 1 17 6 Dom. Brew. 1 13 6 t4 15 6 Burns, Philp 215 3 +3d 3 12 4 N.Z. N'papers 1 10 6 Martha (2) . 0 9 9 tS 8 9 Also.—Arahura, 26s 3d; Mt. Morgan (odd lot), 9s 4d. Unofficial list.- Whakatane Paper Mills, Os 9d. Wellington,—War Loan, 1/8/51-54, 3, £9B 15s; Bank N.Z., 40s lOd; N.Z. Refrig., 245; Gear Meat, 21s; Burns, Philp, 555; Kaitangata Coal, 33s 3d. Christchurch,—N.Z. Refrig., 24s lVid; ditto (con.), 10s 7d. 10s OV 2 d; Goldsbrough Mort. 2Ss; N.Z. Breweries, 37s 6d; Electro. Zinc. 535; N Z. Farmers' Co-op. (A pref.), 52s 6d; Woolworths (Syd.), 16s (2); ditto (Western Australia), cum div.. 555;. Arahura, 26s 3d. Dunedin.—Bank N.Z., 40s lOd (2); N.Z. Refrig. (con.), 10s 6d; Bruce Woollen (pref.), odd lot. 22s Od; Mt. Lyell, 295. Unofficial list: Whakatane Paper Mills, 6s 9d. tßased on interim dividend at rate per annum. 'lncludes bonus. SHARE PRICES IN LONDON LONDON, March 23 On the London Stock Exchange quotations for bank shares and other corporation debentures and stock, with comparisons for Febru-

MINING COMPANIES Bulolo Gold Dredging, Limited (Vancouver), had a net working profit of 2,354,044 dollars, Canadian, or about £672,755, for the year ended May 31, 1042. This is shown before amortisation, and an appropriation of 2,000,000 dollars (£571,428) to war contingencies reserve. Net profit for the previous year was 3,912,071 dollars (£1,117,006). Eight dredges operated from June 1. 1941. to January 21, 1942. when dredging ceased because of Japanese aerial attacks upon the area. A preliminary claim amounting to £538,426 has been filed with the Australian War Damage Commission respecting stores, supplies and fixed assets damaged or destroyed. Under Australian regulations settlement of war damage claims will not be made until after the war . Profit of Placer Development, Limited (Vancouver). for the year ended April 30. 1942, was 1,233,621 dollars, Canadian (£852,463), compared with 1.059.264 dollars (£311,218) for the previous year. Accounts of Alluvial Gold, Limited (Canberra). a prospecting and holding company, show that debit balance was increased by £336 to £22,397 during the year ended June 30, 1942. Taramakau Gold Dredging, Limited, in which the company holds shares, has suspended for the time being, and has disposed of material which was dolivered to New Zealand for the construction of the dredge. For three months to February 1. Pato Consolidated Gold Dredging, Limited (Vancouver) dredged 2,208,000 cubic yards for a recovery of 25,3000z fine gold, and recovered with its hydraulic units 35560z fine gold, the value of the total production being 1,011,325 American dollars. During the same period Annazu Gold Dredging. Limited (Vancouver), handled 054,500 cubic yards for a recovery of 35060z fine gold, equivalent to 122,710 American dollars. 1.C.1, profits" Profit of Imperial Chemical Industries of Australia and New Zealand. Limited, for the year ended September 30 was £363,818, against £317,043 for 1940-41. The directors recommend that ordinary dividend at the unchanged rate of 5 per cent should be capitalised, in view of expenditure on new lands. The sum of £IOO,OOO has been transferred to general reserve. Industrial activity for war purposes resulted in a steady demand for the company's products, the directors state. Additional chemical manufacture for war purposes has been undertaken at the request of the Government. Consolidated accounts of the company, and its subsidiaries- for the year to September 30 disclose a profit of £369,056, after eliminating £3490 equity of outside shareholders. This compares with £354,590 for tho previous year, when outside shareholders' equity was £3717. Profit is struck after providing £300,032 for taxation. £100.477 for depreciation and £BO2I-for preliminary expenses of a subsidiary company" For the previous year allowance for taxation was £324,030 and for depreciation £132,438.

PUKEKOHE VEGETABLES (0.C.) PUKEKOHE, Wednesday There is no change this week in produce prices at Pukekohe. Potatoes are selling at 12s 3d per cwt to stores, f.0.r., Pukekohe, and there is only a small quantity offering. There is a good demand for onions at 16s fid per cwt to stores, and .there is a re.idy sale for pumpkins at 20s fo stores

Buyers £ S d Sellers £ s d Com, Bank Aus. 0 16 0 0 16 7 E., S and A. Bk. 3 19 0 4 1 0 Nat. Bank N.Z. 2 10 0 Bank New Zealand 2 0 9 o 0 11 Ditto (D mort.) 1 11 6 1 12 6 National Insce. . . 1 1 9 1 2 6 New Zealand Insce. 3 IS 0 3 19 0 South British Ins 3 8 G 3 9 0 Standard Insce. .. 3 9 6 3 11 0 F.C.A. (£5 paid) 4 10 0 4 13 0 Goldsbrouuh Mort . 1 7 6 1 S 6 Newton King (pf.) 0 10 9 0 17 3 N'.Z. Guar. (3/-> . 0 3 4 0 3 5 N.A.F. (A pref.) 0 18 6 1 '2 6 Pnkemiro Coal 0 17 6 — Renown (prej.) 0 2 10 0 3 2 Taupiri (ord.) 1 4 6 1 5 3 West.-Stktn. (ord.) 0 3 0 0 3 9 Auck. Gas (10/-) 0 7 1 0 7 3 Ditto (con.) 0 2 9 0 3 0 P. and 0. (def.) 1 16 0 o 0 0 Bartholomew Timb. 1 o 0 — National 0 9 0 0 10 0 Bruce Wool (5 3-5) 1 3 0 — Kaiapoi (con.) Timaru 0 7 6 0 8 6 0 19 4 1 0 0 Ballins Breweries. 0 14 0 0 15 3 Dom. Brew, (ord.) 1 13 0 I 13 6 New Zealand Brew. 1 17 4 I IS 0 Tooths 2 14 9 o 17 0 Hadfields 0 10 6 0 11 3 Aus. Consol. Indus — —' 2 11 3 Ans. Iron (pref.) 1 9 6 I 10 0 British Tobacco . 2 7 3 2 8 6 Broken Hill Pty •2 0 0 2 0 9 Burns. Philp 2 14 6 — Colonial Sugar 51 10 0 55 0 0 Con. Brick 0 s 9 0 9 0 Donaghy's Hope 2 16 0 2 IS 6 Dunlop Rubber . . r 1 6 1 3 0 Electrolytic Zinc . o 14 0 2 16 0 Farmers' Trading . 1 1 I 1 11 G. J, Coles 2 15 9 2 IS 0 Hill and Plummer 1 7 6 1 10 0 I.C.I, (pref.) 1 4 <r> — K.D.V. Boxes 0 10 9 0 11 0 Lewis Eady (pf.) 0 5 0 0 5 9 Macduffs (ord.) . . 0 9 0 0 10 6 Macky. Logan 1 8 0 1 9 6 Metters 0 16 0 0 18 0 M.K. Mrfrs. (5/-) 0 6 3 0 7 3 N.Z. Forest (ord.) 0 3 10 0 4 3 N.Z. Newspapers . 1 16 0 L 17 0 N.Z. Refrig. (con.) 0 10 5 0 10 8 Peters Ice (N.Z.) 0 18 0 1 0 0 Radio (1930) 0 14 0 0 15 0 Rcid Rubber 1 6 9 1. 7 9 San ford (ord.) 0 5 0 0 5 9 Southland Meat 1 17 0 l 18 0 Wilsons Cement . . 0 18 <> 0 18 6 Woolworths (N.Z.) 0 15 3 0 16 0 Ditto (Syd.) 0 15 9 0 16 3 Arahura I . 6 0 1 7 0 Martha 0 9 8 0 9 10 Waihi Invests. 0 4 o 0 4 8 Broken Hill South 1 6 0 1 7 6 Emperor 0 13 6 0 14 6 Bulolo o 7 6 — Mount Lyell r 8 10 1 9 6 Mt. Morgan (ord.) 0 9 4' 0 10 0 War Loan— # 1/8/51-54, 3 . OS 5 0 99 5 0 Liberty Loan— 0 0 15/9/52-55, 3 . . 08 o 6 99 15/5/53-56 90 0 0 99 10 0 Stock— 15/2/-13-16, 4 . . 100 10 0 101 0 0 15/4/40-49 4 .. 103 10 0 104 0 0 S.A.C.. 1/6/44. 3V< 99 15 0 101 0 0 Amal. Br. (Auck.), ( 1 '3/44, 6 .. 100 0 0 102 0 0 Aurk. Gas (perp.) 87 0 0 88 0 0

ary 23. are:— Feb. 23 March 23 £ s d & s d Bank Australia 6 0 0 e 5 0 E., S. and A. Bank 3 1 3 3 0 3 Union Bank 5 0 0 5 2 6 Bank N.S.W. 19 10 0 19 0 0 National Bank N.Z. 1 16 6 1 16 6 Bank of X.Z. 1 10 6 1 11 0 British Tobacco .. X 12. 0 1 11 6 Goldsbroufth Mort . . 0 17 6 0 17 6 Dalgety 5 7 6 5 2 6 P. and 0. fdef.) .. 1 11 9 1 11 0 Loan & Merc, (deb.) 82 .10 0 84 0 0 Ditto (ord.) 27 10 0 28 0 0