COMMERCIAL
AUCKLAND EXCHANGE
INSURANCES IN DEMAND Buyers bid freely when the Auckland Stock Exchange reopened yesterday and in a moderate turnover recent advances were held and some gains were made. Insurances were in keen request and a new high level was set for Standards, which changed hands at 78s, a rise of 3s since the middle of October and comparing with last year's low level of 58s 3d. For New Zealands sellers asked 89s 6d and buyers for South British raised their offers to 74s 9d without response from holders. A new peak was reached for Dominion Investment, and Colonial Sugars continued their improvement.
CLOSING QUOTATIONS
YESTERDAY'S SALES RETURN ON INVESTMENTS In the following list of yesterday's sales yield* 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 F all £ a d Ist Liberty Ln., 15/0/52-55, 3 . . . 98 10 0 3rd Ditto, 15/12/53-58, 3 (2) .. 99 2 6 Auck. City, J/4/50,4% 105 15 0 Hamilton 8.C., 1/7/53,4/4 108 15 0 Bank N.Z. .22 6 t2 18 6 Bank A'sia 9 5 0 t2 6 6 Nat. Insce. .1 4 9 Stand. Insce. 318 0 +3s 3 4 1 Dom. Invest. 13 0 +6d 415 9 Auckland Gas 0 7 4 Broken Hill 2 4 6 t2 5 0 Col. Sugar . 57 10 0 +7s 6d 219 1 M.K. Manfrs. 0 6 9 Wilsons Cem't 0191 t2 3 8 W'wths (Syd.), 2nd pref. 1 10 3 Wellington.—3rd Liberty Loan, 15/12/5356, 3. £99 2s 6d; Colonial Sugar. £57 10s; G. J. Coles, GOs 6d. Christchurch.—National Insurance, 24s 9d; Ballins Breweries (con.). 17s; Slab Hut, 5s 6d. Dunedin.—Standard Insurance, 78s. + Based on interim dividend at rate per annum
WOOL CONTROL SCEiEME • EXTENSION SUGGESTED Particular interest attaches to recent action taken by the British Wool Control, comments Winchconfbe, Carson, Limited (Sydney). When the scheme for the concentration of mill activity in Great Britain into fewer establishments was started, the proprietors were asked to agree to the arrangement for the duration of the war with Germany and for 12 months thereafter. Japan was not then at war. The extension of hostilities to the Pacific and the indications of war in that sphere lasting longer than the European conflict have prompted the British Government to make arrangements for the scheme to operate for 12 months, after the Japanese war ends. The British Government action raises the point of the time length of the wool contract with Australia and other Dominions which was signed for the duration of the war and one oiip thereafter, the report continues. Germany was then the only enemy. Japan was not fighting. But if the British mills are to be regulated until a year after the Pacific war finishes, the sale of the Empire's wool should be worthy of the same terms. Continued concentration of mill work in the United Kingdom would have a restricting effect on competition for the sheep's staple, if open market selling were resumed. Apart from growers' concern, the British Government is the world's greatest wool owner because of accumulated stocks. It would not be in the national interest if those supplies were sold at unsatisfactory figures. WOOLWORTHS (N.Z.) ACCOUNTS As reported in a preliminary statement already published, the accounts of Woolworths (N.Z.), Limited, for the year ended October 1 showed a net profit of £85,337, apainst £77, r2O in the previous year. The full accounts are now available, and balance-sheet details, with those for the previous year in parentheses, are as follows: —Liabilities: Capital. £672,(108 (same); general reserve, £BB,BBB (same); reserve of capital profits, £8742 (same); profit and loss. £52,286 (£55,703); depreciation reserve, £209,692 (£186,960); creditors. £111,583 (£90,613); tax provision, £464,371 (£440,079); s!aff provident fund, £9OOO (same). Assets: Properties, £234,540 (£232,544); furniture, etc.. £198,533 (£198,772); stock, £732,370 (£534,852); cash. etc.. £83,388 (£136.694); debtors, £4848 (£7136); investments, £142,936 (£136,694); goodwill, £304,229 same); total assets, £1.713,288 (£1,552,598).
MINING YIELDS Wast Coast Dredges (week ended December 4). —Associated Gold: 185VaOz, 94,720yd5, 372 hours. Slab Hut: 420z, 14,480yd5, 116 hours. Maori Gold: 340z, Ssooyds, 82 hours BOBBY CALF PAYMENTS (0.C.) HAMILTON, Monday A satisfactory season has been experienced by the Waipa West Bobby Calf Pool Committee, and a final payment totalling £3531 has been distributed to suppliers. The committee paid 15s 3d for heavy calves and 12s 9d for light calves, the average being 14s sd. For the season, 5560 calves were handled, an increase of 100 compared with the previous season.
GRAIN AND PRODUCE The following is the official wholesale market report of the Auckland Grain. Seed and Produce Merchants' Association:— Wheat. —A small shipment, insufficient to fulfil all orders, has been distributed. Through store prices are 7s 4d to 7s 6d a bushel. Maize.—Stocks are very short, with prices for whole maize from 7s lOd to 8s l(j a bushel and for kibbled Ss Id to Ss 4d. Oats.—The market remains very firm and there is a steady inquiry, with prices for B Gartons 5s lOd to 6s Id a bushel, through 6tore. Chaff. —This market is also firm and through store prices range from £l3 10s to £l4 iOs a ton. Barley.—Merchants are holding fair stocks of barley, with clipped selling at 6s to 6s 5d a bushel and undipped from 5s 3d to 5s fid through store. There is no advice of further shipments. Barleymeal.—There is a steady inquiry for barleymeal, stocks of which are not heavy. Through store prices range from £l3 10s to £l2 oe a ton. Stockmeal.—A shipment is expected from which deliveries will be made at the special price of £lO 14s a ton. Meantime deliveries are being made through store at £ll 2s 3d to £ll 17s 6d a ton.
Buyers Sellers £ s d £ e d Bank Australasia . 9 3 6 9 7 0 Com. Bank Aust. . 0 17 6 0 18 0 Com. Bank Syd. . 20 0 0 22 0 0 Nat. Bank N.Z. . Nat. Bank A'asia 2 13 6 11 17 6 12 7 6 Bank N.S.W. 83 12 6 _ Bank New Zealand 2 2 6 2 0 Union Bank Aust. 7 12 0 7 0 Nat. Insurance .. 1 4 6 1 5 0 N.Z. Insurance .. 4 8 0 4 9 6 Queensland Insur. . 3 2 6 — Sth. British Insur. 3 14 9 — Standard Insurance 3 17 0 — Dalgety 8 10 0 9 0 0 Dom. Inv. and Bkg. 1 2 6 1 3 6 Frms' Co-op. (£5 pd.) 4 16 0 5 0 0 Ditto (>A pref.) . Goldsbrough Mort 1 5 0 1 5 6 8 9 0 (ex div.) 1 0 1 N.Z. Loan and Merc. 45 0 0 48 0 0 Traders' Finance . 0 14 6 — Ditto (con.) 0 6 0 0 6 8 Renown (pref.) .. 0 2 10 0 3 6 Taupiri (ord.) 1 6 0 — Ditto (pref.) .. 1 6 9 — Auckland Gas 0 7 2 0 7 5 Ditto (con.) 0 8 0 — Dcvonport Ferry (ex div.) 1 9 0 — Northern Steam. . 0 10 6 0 11 0 Ditto (con.) 0 2 9 0 2 10 Kauri Timber 1 6 6 — Kaiapoi Wool. .. 1 3 9 — Dom. Brew, (ord.) 1 19 3 3 0 0 N.Z. Breweries .. 1 18 3 .Aust. Con. Indus. . 2 15 3 2 16 3 Britiflh Tobacco .. 2 8 0 — Broken Hill Pty. . 2 4 5 2 4 7 Bycroft 2 11 0 — Colonial Sugar .. 57 0 0 58 0 0 Consolidated Brick — 0 10 8 Dunlop Rubber .. 1 4 6 1 5 6 Electrolytic Zinc .. Farmers' Trading . 2 15 9 2 17 0 1 4 9 _— G. J. Coles . 3 0 0 3 1 6 K.D.V. Boxes — 0 12 e M.K. Manuf's. . . 0 6 8 0 7 0 Auckland Laundry N.Z. Farmers' Fert. 0 18 3 1 0 0 1 2 0 N.Z. For. Pro. (ord.) 0 8 0 0 8 4 Ditto (pref.) .. 0 12 0 0 12 9 Peters Ice (N.Z.) . — 1 3 0 Radio (1936) 0 16 6 — Reid Rubber 1 9 6 1 10 0 Ditto (con.) 0 12 0 0 13 3 Selfridges (.Asia) . 1 3 0 1 4 6 Taranaki Oil Fields 0 3 0 0 3 6 ITnion Oil, Soap .. Wilsons Cement . . 1 9 0 1 11 0 0 19 0 0 19 3 Wool worths (N.Z.) 0 17 6 — Ditto (Syd.) 0 19 0 0 19 5 Ditto (2nd pref.) 1 9 6 1 11 0 Woolworths Holdings (South Africa) . 1 10 6 1 13 0 Martha 0 9 0 0 9 2 Waihi Invests. 0 5 3 0 5 7 Mount Lyell 1 9 4 1 10 0 Mt. Morgan (ord.) 0 8 3 0 8 8 Placer Development 3 10 0 3 13 6 War Loan, 1/10/53 94 0 0 94 5 0 Stock— 1/8/51-54, 3 .. 98 15 0 99 0 0 15/12/53-58, 8 . 99 0 0 99 5 0 Auckland Gas (perp. deb. stk.) . 88 0 0 90 0 0
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19431207.2.55
Bibliographic details
New Zealand Herald, Volume 80, Issue 24760, 7 December 1943, Page 5
Word Count
1,489COMMERCIAL New Zealand Herald, Volume 80, Issue 24760, 7 December 1943, Page 5
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.