COMMERCIAL

New Zealand Herald, Volume 80, Issue 24748, 23 November 1943, Page 5

COMMERCIAL

AUCKLAND EXCHANGE SCARCITY OF SELLERS Firm values and a scarcity of sellers marked the beginning of a fresh week on the Auckland Stock Exchange yesterday and turnover suffered in consequence. Shortage of supplies was especially noticeable in Government issues, and to secure a parcel of the Third Liberty Loan ;3 per cents a buyer moved up to £99. Gains recorded in Dominion industrials were for Peters Ice, 2s higher since May; Silknit, 2s 6d up since July; and Whakatane Paper Mills preference, which changed hands at 235, compared with 10s 6d a year ago. Woolworths' shares were firmer.

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 £ s d 2nd Lib. Loan, 15/5/53-56, 3 (2) . 97 15 0 I 8 3 5 3rd Do., 15/12/5356, 3 . . 99 0 0 +2/6 3 3 0 Com. Bank . . 017 6 Col. Sugar . . 56 15 0 +2/6 219 11 M.K. Mfrs (2) 0 6 9 McKenzies . . 2 9 0 Peters Ice .. 12 0 +2/• 4 10 11 Martha .. 0 9 0 Also.—Consolidated Brick. 10s JOd. Unofficial list: Silknit, 20s Gd; Whakatane Paper (pref.). 235. Wellington.—War Loan. 1/10/53, 2%, £94 2s (id (2); Third Liberty Loan, 15/12/53-56. 3, £99; Manurewa Borough Council, 1/3/55, 3%, £IOO 10s; McKenzies. 49s (3); Consolidated Brick, ]os 10d. Christchurch.—3rd Liberty Loan, 15/12/5350, 3, £99 (3); Commercial Bank, 17s fid; Broken Hill Pty., Ms fid; Peters Ice, 22s 3d Dunedin.—National Bank X.Z., 535. sale cum interest. MARINE WAR RISKS Cabled advice has been received by, Auckland insurance offices from the Institute of London Underwriters of the following alterations to the marine war risks insurance schedule (previous rates being shown in parentheses):—New Zealand coastal. Y* per cent (V 2 ); New Zealand and Pacific, Islands, via the Cape, to or from South America, Atlantic or Pacific ports, 7'/ 2 per cent (10); to or from West Indies, via the Cape, 7% per cent- (10); via Mediterranean, 9 per cent (10); via Panama, 4 per cent (5); New Zealand, to or from Persian Gulf, 5 per cent (6); to or from Africa. North and West of Cape Palmas. including islands, 7 per cent (S); to or from Africa, not north of and west x of Cape Palmas, on the west coast and south of the equator and on the east coast, including islands. 5Vi per cent (6'a); New Zealand to or from Madagascar, Reunion and Mauritius direct, 5V 2 per cent (6); Aden. Red Sea, Suez, Port Said, Alexandria. 6 per cent (6Vi); Mediterranean east of Alexandria and Turkey, 7 per cent (7%); New Guinea, south coast, 3% per cent (5); north coast, not north of Crabay. 4 per cent (new rate); India, west of Cape Comorin, including Ceylon, 5 per cent (6); east of Cape Comorin, but not east of and including: Chittagong, 6 per cent (7Vj); Pacific Islands, 3V a per cent (4); New Zealand, to or from Aust-nlia n.ii north of 25 decrees on the east coast or 20 degrees on the west coast, and Tasmania, 2 per cent (3). British Government war rates have been amended as follows:—United Kingdom to or from Australia, Newcastle. Fremantle, New Zealand. Tasmania, W 2 per cent ((?%); Australia and Xew Zealand, to or from America. Atlantic, West Indies. Americh, Pacific, via Panama, 5 per cent (S); Australia and Xew Zealand, to or from America Pacific, via Pacific, 3 per cent (I); from India, east of Cape Comorin. 7 per cent (7V*). GRAIN AND PRODUCE The following is the official wholesale market report of the Auckland Grain, Seed and Produce Merchants' Association: —- Wheat,—Merchants are holding fair stocks, which are. selling through store at 7s 4d to 7s 6d a bushel. Maize.—Small slocks are held, with whole maize selling at 7s lOd to Ss Id a bushel and kibbled at 8s Id to Ss 4d. Lack of shipping space is making the stock position more 'difficult. Oats.—B Cartons are selling slowly through store at 5s Sd to 5s lid a bushel. The market in the South Island is very firm. Chaff. —The southern market is firm, although there has as yet been no alteration in local prices, which are £l3 to £l4 a ton through store. Barley.—This line is selling steadily at 5s 3d to 5s 6d a bushel for undipped and 6a to (is 5d for clipped. Rarleymeal.—There is a steady Inquiry, with Australian selling through store at £ll 10s to £l2 5s a lon. There are only limited stocks available. Stockmeal, —Through store prices are £ll 2s 3d to £ll 17s Od a ton, with ample supplies on hand. NATIONAL INSURANCE (0.C.) DUNEDIN, Monday Speaking at the annual meeting of the National Insurance Company to-day the chairman of directors, Mr. G. 11. Ritchie, said that premium income for the year was larger by C 15,775 than that for the previous year. Losses generally were higher, but were not out of proportion to the increase in premiums. Taxation was still mounting and had now reached a stage where for every £1 distributed to shareholders in dividends 12 was required to meet the demands of Ihe New Zealand and other Governments. IMPORTS OF BICYCLES Advice has heen received from the Customs Department that eighth period licences will be granted for the importation of bicycles from the United Kingdom to the extent of 100 per -cent of the value of licences granted for imports of similar goods from that source in 1913. PUBLIC TRUST BUSINESS Estates to the value of C 191,071 were accepted for administration by the Public Trustee during October. Grants of administration made by the Court in favour of the Public Trustee numbered 219. Durins the month 592 new wills appointing the Public Trustee executor were prepared, and 254 existing wills were revised to provide for chancres desired by testators. MINING YIELDS Associated Gold (West Coast).—Week ended November 20, 195 l /,oz, 50,430y<13, 342 hours.

CLOSING QUOTATIONS Buyers Sellers £ s d £ d Com Bank duet. . 0 17 4 0 17 7 Xat. Bank X.Z. . 2 12 9 2 3 4 0 Bank X.S.W. .. 33 10 0 34 0 0 Bank Xew Zealand 2 1 7 — Union Bank Aust. — 7 14 0 Xat. Insurance .. 1 4 0 1 5 3 X.Z. Insurance .. 4 6 6 — Sth. British insur. 3 13 3 — Frills' Co-op. (to pd.) 4 15 0 5 0 0 Ditto (B pref.; . 1 4 0 1 4 6 Goldebrough-M.ort . 1 8 0 1 8 9 Xat. Mort. iB) . 3 12 6 — Renown Coal lord.) 0 9 3 0 9 9 Ditto ipref.) . . 0 0 9 — Taupiri (pref.) 1 5 6 — Westpt.-Sttn. tord.) 0 2 10 0 3 2 Ditto < pref.) .. 0 6 0 0 6 9 ■Auckland Gas 0 7 6 0 7 8 Ditto (con.) 0 3 0 — Northern Steam. . 0 to 0 0 10 9 Ditto (con.) 0 2 5 0 2 9 Leyland-U'Brien .. 1 0 9 National 0 s 3 0 9 3 Rotoiti 0 7 6 0 9 0 Bruce Wool, (ord.) 1 9 6 1 10 6 Kaiapoi 1 3 0 — Manawatu Knitting 1 1<3 0 — Tatterefield . . . 1 17 6 — Dom. Brew, (ord.) 1 19 0 1 19 6 X.Z. Breweries .. 1 18 9 1 19 6 Aust. Con. Indus. . 2 1 5 0 0 16 9 Berlei (X.Z.) 3 13 6 — Booth-Mac. (pref.) . 0 8 9 — British Tobacco . . 2 7 6 Broken Hill Pty. . 0 4 3 2 4 9 Bycroft 2 10 6 Claude Neon (X.Z.) 3 6 10 1 7 6 Colonial Sugar . . 06 12 6 56 17 6 Consolidated Brick 0 10 9 0 10 11 Dunlop Rubber .. 1 3 9 3 4 6 Electrolytic Zinc .. 0 15 9 2 17 0 Farmers' Trading . T 3 6 1. 4 6 Ditto (B pref.j . 1 4 3 1 5 6 Gear Meat . 1 3 9 1 4 3 G. J. Coles 2 19 (\ 3 0 3 Hume Pipe (Aust.) 5 19 0 — K.D.V. Boxes 0 12 0 0 12 9 McKenzies . •2 8 G Macky, Logan 1 10 0 Morris Hedstrom (ex div.) 1 13 0 NewiAuck. Laundry 0 18 0 1 0 0 X.Z. Drug (con.) . X.Z. Farmers' Fert. 2 16 0 1 1 9 X.Z. For. Pro. (ord.) 0 8 0 0 8 6 Ditto (pref.) .. 0 12 0 0 12 6 X.Z. Refrig. (con.) . — 0 13 0 Peters Ice (X.Z.) . — 1 3 0 Radio (1936) 0 16 3 0 17 6 Reni Rubber 1 9 3 1 10 6 Ditto (con.) 0 12 3 0 14 0 Sanford (ord.) 0 6 6 0 6 Ditto (pref.) 1 0 0 Taranaki Oil Fields 0 3 2 0 3 6 Union Oil, Soap . . 1 9 0 Wilsons Cement .. 0 18 10 0 19 3 Woolworths (X.Z.) . 0 17 1 0 IS 0 Ditto (Syd.) 0 18 0 Martha 0 9 0 0 9 2 Waihi Invests. 0 0 0 0 5 5 Broken Hill South 1 6 6 1 3 Bulolo 4 9 0 4 15 0 Emperor 0 14 0 0 14 6 Mt. Lyell (ex div.) 1 9 0 1 10 0 Mt. Morgan ford.) . 0 8 6 Placer Development 3 6 6 War Loan, 1/10/53 94 2 6 _ Stock— 15/9/47, 1V 2 .. 97 15 0 1 .V6/47-49, 2'/ 3 96 17 6 97 5 0 To'12/53-56, 3 . 9S 17 6 99 2 6 A.H.B., 9/7/52' .. 107 0 0 109 0 0 ■Auckland Gas (perp. deb. gtk.) 88 10 0 89 0 0