COMMERCIAL

New Zealand Herald, Volume 80, Issue 24636, 15 July 1943, Page 5

COMMERCIAL

AUCKLAND EXCHANGE BANK OF NEW ZEALAND RISE On the Auckland Stock Exchange yesterday Bank of New Zealand shares continued recent firmness and with a sale at 42s 4d touched their highest level since October. 1940. The market was again buoyant and a good turnover was recorded on the basis of late rates. Broken Ilill Proprietary changed hands at 44s Id, their highest level for a considerable period.

—— i YESTERDAY'S SALES RETURN ON INVESTMENTS The following are yesterday's sales, (tie figures in parentheses in the Auckland list showing the return at the sale price:— Auckland. —Liberty Loan, 15/9/52-55 3. £9B 7s <j<s (£3 -Is 3d); ditto, 15/5/53.3(1. 3, £9S (£3 3s 6d); Bank N.Z., £2 2s 4d (2), (£3 to 2d) ; Com. Bank. 17s (£3 18s (id); X.Z. Insurance, £1 is 6d (£3 Is 4d); South British, £3 lis !>d (t£2 Is 9(1); LevlandO'Brien, £1 Os 9d (£1 Ifis -Id); A.C.i., £2 13s 3d i'£2 12s 7d); Broken Hill Pty„ £2 -Is Id (+£2 5s 'Id); G. J. Coles, £2 17s (t£2 16s 2d): Northern Roller Mills, £1 2s fid (€2 13s -Id); William Cable (pref). CI 7s (id (2), (£5 Is lOd); Woolworths (X.Z.), 15s Gd (£3 -Is lid): "Woolworths (Svd.). 17s (£3 4s Sri) Wellington,—Bank X.Z. 12s 3d; Commercial Bank, 17s; X.Z. Insurance, Sis fid (3); A.C.1., 53s 3d (2); Broken Rill Pty„ *148; Colonial Sugar. £56 ss; McKenzies. 455; Woolworths (X.Z.). 15s 6d; Xation.il Bank Australasia, £l2 (2): Union Bank. £7 13s (2): Claude Neon fN.Z.), 23s Christchurch.—Bank X.Z., 42s 3d; National Bank A'sia. £l2; ditto (con.), £5 12s fid: L T nion Bank, £7 13s fid; X Z. Breweries. 3Ss 37s lOd. 3Ss; Broken Hill Pty.. 44s fid l-ls 3d. Dunedin,—Milburn Lime. 365. tßased on interim dividend at rate per annum WESTFIELD SALES ALL PRICES REMAIN FIRM Late quotations were fully maintained in a full sale of prime ox beef and first-class cows and heifers at the weekly fat stocksales at Westfield yesterday. There was keen bidding for a decreased entry of calves and prices remain steady. Sheep and lambs in average numbers were well sought and values were on a par with recent rates. An average yarding of baconers and porkers brought firm prices. Dalgety and Company, Alfred Buckland and Sons and the Xew Zealand Loan and Mercantile Agency report:— Beef.—A full entry of prime ox was disposed of under a keen demand at firm late rates. Cows and heifers came forward in average numbers and here also there was a good demand at firm late quotations Extra choice ox, £2 per 1001b.; choice and prime, £1 17s to £1 19s; secondary and plain, £1 13s to £1 1.55; extra prime young cow and heifer, £1 13s to £1 17s; choice and prime. £1 10s to £1 12s; ordinary, £1 5s to £1 Ss. Extra heavy prime steers, £l7 to £l9; heavy. £ls 10s to £l6 10s; lighter. £l4 to £ls; light, £l2 10s to £l3 10s; small and unfinished. £9 to £11; extra heavy prime young cows and heifers. £ll to £l3 10s; heavy, £9 10s to £lO 10s; lighter, £S to £9: light, £6 10s to £7 10s; aged and unfinished, £1 10s to £6. Sheep.—<A good entry of mutton of all classes came forward and sold freely at full lat-e rates. Extra heavy prime wethers, £2 to £2 4s; heavy, £1 ISs to £1 19s 6d; medium, £1 lfis to £1 17s; light, £1 12s Od to £1 15s; plain and unfinished, £1 3s 6d to £1 10s fid; heavy prime young and maiden ewes, £1 5s to £1 Ss fid; heavy. £1 3s to £1 4s; lighter, £1 Is to £1 2s; plain and aged, os to 19s. Lambs.—.An average entry of lambs sold under strong competition at rates fully on a par with last week. Heavy prime lamb. CI Ss to £1 12s; medium, £1 6s fid to £1 7s fid; lighter, £1 3s to £1 os; light, £1 to £1 2s fid: small and plain, 9s to ISs. Calves. —There was less than an average entry. Bidding was again strong and all classes realised values fully on a par with recent quotations. Runners, £6 15s to £9 17s fid; heavy vealers, £6 5s to £7 2s; medium, £5 5s to £6 2s; light, £3 los/to

£4 18s; small, £l 16s to £3 10s; unfinished and bucket-fed, £1 3a t-o £2; bobby and rough, os to £l. Pigs.—.An average entry of baconers and porkers sold at values firm on last week's quotations. Choppers, £3 10s to £6 12s; ' heavy prime baconers, £4 15s to £5 2s; medium, £3 18s to £4 13s; light, £3 5s to £3 10s, heavy porkers £3 to £3 10s; medium, £2 10s to £2 18s; light, £2 to £2 9s; small and unfinished, £1 10s to £2 is; stores, large, £1 ISs to £2 'ls; slips, £1 Ss to £1 ltis; weancr.s £1 5s to £1 13s. PRICES AT FRANKTON (0.C.) HAMILTON, Wednesday Prices tor prune wethers, at the Frankton .itock sale yesterday showed an advance on last week's rates. Prime ewes also met with an improved demand. An average yardinp of lambs sold at unchanged rates. A medium yarding of all classes of cattle came forward. Values for prime ox beef and prime cow and heifer beef remained firm. Fat calves sold freely at late quotations. The boner cattle section was filled to the usual capacity and values were steady. There was a light yarding of fat pigs and a medium entry of store pigs. All classes sold up to recent quotations. Quotations: —Extra heavy prime wethers, .£2 to £2 2s lid; prime heavy wethers, 3/s to medium-weights 35s to 3(Js (id; light, I 32s to 31s (id; heavy prime ewes, 22s to 23s (id; medium-weights, 20s to 21s; light and unfinished, l:ss to los; prime lambs, 21s to 2iis; medium-weights, 22s to 23s (id; light, I Sis to 21s. Extra heavy prime bullocks, £ll 10s to £ls 12s Gd ; heavy prime bullocks, £l2 los to Lit, medium, £ll to £l2 ss; light, C 9 los to £lO His; heavy prime Polled Argus heifers, ill to £l2 10s ; medium, £!) los to £lO ."is; heavy fat cows. £S 5s to £{) 17s (id; medium. £0 10s to £7 los; lighter. £5 ids to £(i ss; heavy boner cows, £4 to £5; medium, £2 15s to £3 10s; lighter, £1 JOs to £'2 ss; heavy runners. £(i TOs to CT os; medium. Cl 10s to £.*> 12s; vealers, C2 2s to £3 10s; small calves. 10? to 30s. Choppers, 11 is to to 12s. fid; baconers, £3 17s to l'-l 1 (is; porkers, - £2, His to £3 (is; large stores, X2 :?s to C2 10s; smaller, 3(is lid to Is; slips. 28s (id to 31s (id; sows to farrow. £3 to .to 10s. NEW PRICE LIMITS I' ollowing are revised price limits on fhe Sydney Stock Exchange:—N.Z. Forest Products,' minimum (is (id, maximum 7s (id, ceiiinsr 20sArahura (deferred). 18s 3d, 21s 3d 23sBarrvtoun ford.), 9s (id, lis fid. 20s; Bulolo, 53s 3d. 58s 9d. 90s; Kanieri, 13s 3d, 15s 3d, 22s (id. ditto (deferred), lis, 12s fid. 19s; New Occidental. 13s. 15s. 10s 3d: Placer. 51s 01 s, (ifis 3d. NEW ZEALAND THEATRES I lie accounts of New Zealand Theatres, Limited (Wellington), fur (he vear ended March 31 show a net profit of £22,028, compared with C 15,613 in the previous year arid Ci79B in 1911. The reoort states that, in view of the fact that the company's interests are mainly provincial, the improved position cannot he attributed to ivar conditions, but is mainly due to reduced administrative costs. The usual dividends on preference and ordinary shares have been paid. SHARES IN LONDON LONDON, July 13 On the London Stock Exchange quotations for bank shares and other corporation debentures and stock, with comparisons for June 20. are--June 29 Julv 13 £sd £ s d Hank Australasia . 5 17 0 0 5 0 E.. S. and A. Bank 3 0 9 3 5 3 Union Bank . . 5 2 fi 5 5 0 Bank N.S.W. . . 19 10 0 20 10 0 National Bank N.Z. *1 12 0 1 13 0 Bank of N.Z. ..196 196 British Tobacco .. 1 12 0 1 12 0 Coldsbrough Mort .. 019 0 10 0 Dalgety . . 417 6 4 17 0 P. and O. (def.) 1 11 0 1 11 0 Loan & Merc, (deb.) 86 0 0 86 0 0 Ditto (ord.) . . 27 10 0 27 10 0 Mount Lvell shares"are quoted at £1 Is *Ex dividend

CLOSING QUOTATIOiNS Buyers Sellers £ s d £ s d Bank Australasia. . 9 7 0 — Cum. Bk. of Aust. 0 17 0 0 17 1 E., S. and A. Bk. 3 1 f j 0 3 19 0 Nat. Bk of N.Z. 2 y 0 2 10 3 Bank N.S.W. 0 0 — Hank N.Z. •j 2 4 o 2 0 National Insurance l 2 0 r 3 (i Now Zealand Insce. 4 1 0 4 2 0 Stli. British Insce. 3 J1 3 — Standard Insurance 3 12 0 — Dom. Invest. J 1 0 — F.C.A. (CI paid) 0 17 0 0 17 3 Uoldsbrottgh Mort 1 8 0 1 9 0 N.Z. & River Plate 0 10 0 0 17 0 N.A.F. (A pref.) 0 19 0 I 0 0 Renown (ord.) 0 9 9 — Taupiri (ord.) 1 6 0 — Auckland Gas .. 0 6 0 0 7 0 Ditto (con.) 0 0 0 2 Hud.-Pii.rker (ord.) •2 13 0 2 10 0 Northern Steam 0 3 0 9 0 Ditto (con.) 0 1 9 0 2 o Kauri Timber i 4 9 1 (i 0 Leyland • O'Brien i 0 3 1 1 0 National . . 0 6 3 • 0 7 9 Rotoiti u (5 0 u 7 0 Bruce (ord.) 1 7 0 1 12 0 Timaru 0 1!) 6 1 0 0 Dom. Brew, (ord.) 1 IS 0 I 19 0 New Zealand 1 17 10 1 18 1 Aust. Con Indust. 2 13 0 2 13 9 Booth-Mac. (pref.) 0 S 4 6 9 0 British Tobacco . 2 7 0 2 7 o Broken Hill Pt.v. o 1 0 2 4 3 Claude Neon (N.Z.) 1 3 :! 1 4 0 Colonial Sugar . . 50 0 0 50 10 0 (.'on. Brick 0 s 4 0 g 8 Fanners' Trading I 2 0 1 2 0 G J. Coles 2 1 H fj 2 18 0 Hill and Plummr-r 1 0 9 H.M. Theatre (pref.) 0 10 0 (J IS 0 K.D.V. Boxes 0 11 4 0 12 0 McKenzies . 2 4 6 Macky, Logan . . 1 8 6 M. & C. (deb. stk.) 1 1 9 M.K. Manuf's. .. 0 7 3 National Electrical 1 7 6 National Pictures . 0 5 0 0 6 6 Auck. Laundry (J 18 0 1 0 0 Fnirs' Fert. (c. pf.) 1 3 3 Forest Prod. (ord.) — 0 a 6 Ditto (pref.) 0 10 3 0 12 6 Nth. Milling (ord.) 1 •_> 0 Peters Ice (N.Z.) 0 19 0 1 3 0 Reid Rubber Mills I 7 6 3 1 9 Sanford (ord.) 0 0 0 7 3 Ditto (pref.) . . 0 19 0 Taranaki Oil Fields 0 3 0 0 L 4 (j Win. Cable (c. pf.) I 7 0 8 0 Wilsons Cement .. 0 19 4 0 19 6 Woolworths (N.Z.) 0 15 4 0 15 10 Ditto (c. pref.) o 0 0 Ditto (Prop.) . . 1 6 0 1 8 0 Ditto (Sydney) 0 10 11 U 17 0 Waihi Invests. 0 4 8 0 5 0 3 Broken Hill South 1 5 G 1 0 Mount Lyell 1 S 0 I 9 Mt. Morgan (ord.) 0 9 0 0 9 11 Liberty Loan— 15/9/52-5.-;, 3 .. 98 5 0 98 10 0 J 5/3/53-56, 3 . . 97 15 0 98 5 0 Stock— 15/0/52-55, 4 . . 105 15 0 106 5 0