COMMERCIAL

New Zealand Herald, Volume 80, Issue 24761, 8 December 1943, Page 5

COMMERCIAL

AUCKLAND EXCHANGE FIRM TONE MAINTAINED There was no change in the market tone on the Auckland Stock Exchange yesterday, buyers far outnumbering sellers. In the insurance section buyers for South British moved up to 75s 6d without securing supplies, sellers asking 775. There was moderate business in Government issues on the basis of recent quotations. Loan and Mercantile stock was transferred at £47, a gain of £2 since the beginning of Octpber, and of £l2 since April. Placer Development shares had their first transaction for some time, the price, 71s 6d, comparing with 43s a year ago.

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 £ 8 d Fall £ a A •2nd Liberty Ln., 15/5/53-56, 3rd Ditto, * 98 2 6 +2s6d 330 15/12/53-56. 3 . 99 2 6 8 8 0 Stk., 15/6/52- U 55, 4 . . 107 10 0 8 4 0 Bank N.S.W 33 15 0 Union Bank 713 0 - 8 8 9 National Insce. 14 9 North. Steam (con.) .. 0 2 9 Col. Sugar . 57 10 0 M.K. Mnfrs 0 6 9 Sel fridges (A'sia) . . 14 0 -is 6d 5 0 0 Wwths (Syd.) 019 2+-2 d 217 5 Mt. Lyell .19 9 J 5 17 8 Also.—Stock, 15/2/43-46, 4, £lOl 15S; Loan and Mercantile, £47; Placer Development, 71s 6d. Wellington —3rd Liberty Loan, 15/12/5856. 3. £99 2s 6d; Colonial Sugar, £57 10s: SWoolworths (Syd.), 19s 4d. Christchurch.—National Bank A'sia, £l2 2s 6d; N.Z. Insurance, 88s 6d (2); Standard Insurance, 78s 6d; Selfridges {A'sia), 245; Woolworths (Syd.), 19s 6d. Dunedin.—3rd Liberty Loan, 15/12/53-56, 3, £99; Woolworths (Syd.), 19s 6d. tPrevious sale cum dividend. fS&le after hours on Monday. SYDNEY MARKET STRONG (Reed. 5.30 p.m.) SYDNEY, Dec. 7 Trading was quiet on the Stock (Exchange to-day, but the tone of the market was strong. Sales included:—Commercial Bank, 16j; 9d; Australian Iron and Steel (pref.), 32s 7%d; Woolworths (Syd.), 17s 7y»d; Broken Hill South, 27s iy 2 d; Rawang, os 2d. FAT STOCK PRICES GREATER WEIGHTS NEEDED (P.A.) WELLINGTON, Tuesday Negotiations regarding the schedule prices for fat stock for the 1943-44 season, which have been proceeding between the Government and the New Zealand Meat Producers' Board, are now completed, according to a statement issued to-night by the board. Full details of the prices arranged have been announced. The board states that the urgent need for producing and shipping more meat was the paramount consideration underlying these discussions. In fixing the schedule prices adjustments were made in the values of certain weight grades with a view to encouraging the production of greater weights. The board strongly appeals to all farmers in the Dominion to do everything possible to increase the weights of all types of export fat stock, in order to assist in meeting the pressing needs of the United Kingdom. In this connection, it is the board's intention to obtain all possible assistance and co-operation from primary production councils, the New Zealand Farmers' Union, the New Zealand Sheepowners' Federation and stock and station agents.

MINING YIELDS Gillespie's Beach <West Coast). —220 i. ISdwt, 13,990 yards, 129 hours.

CLOSING QUOTATIONS Buyers Sellers £ S d £ 8 d Bank A'asia 9 4 0 9 7 6 Com. Bank Aus. 0 17 6 0 18 0 E., S. and A. Bk. 3 19 0 4 2 0 Nat. Bank N.Z. 2 13 6 Nat A'asia (pd.) 11 17 6 Bank N.S.W. .. 33 15 0 34 6 0 Bank New Zealand 2 2 4 Union Bank Aus. 7 12 0 7 14 0 National Insce. .. 1 4 7 1 5 1 New Zealand Insce. 4 8 0 Queensland Insce.. 3 2 6 __ Sth. British Insce. 3 15 6 3 17 0 Dalgety 8 10 0 9 0 0 Dominion Invest. . 1 2 6 1 3 6 F.C.A. (A pref.) 1 5 0 1 5 9 6 Goldsbroutrh Mort . 1 8 0 1 0 Loan and Merc. 45 0 0 49 0 0 Trad. Fin. (17/6) 0 14 6 0 16 6 Ditto (con.) 0 6 0 0 6 3 Nat. Mort, (B) .. __ 1 13 6 Taupiri Coal (ord.) 1 6 0 1 7 6 Wcst.-Stktn. (ord.) 0 2 9 0 3 3 Ditto (pref.) .. 0 6 0 0 7 0 Auck. Gas (10/-) 0 7 2 0 7 4 Northern Steam .. 0 10 6 0 10 10 Ditto (con.) Leyland - O'Brien 0 2 9 0 2 10 1 1 0 Rotoiti (10/- f.p.) 0 8 0 0 9 0 Kaiapoi Wool (17/) . 1 3 9 Tattersficld 1 17 0 __ Dom. Brew, (ord.) 1 19 6 2 0 0 New Zealand Brew. 1 18 0 Ans. Con. Indust. 2 15 3 2 16 3 British Tobacco .. 2 8 0 Broken Hill Pty. 2 4 3 2 4 9 Colonial Sugar .. 57 5 0 57 15 0 Con. Brick 0 10 0 0 10 8 Dunlop Rubber .. 1 4 6 1 5 6 Farmers' Trading , 1 4 9 G. J. Coles 3 0 6 3 ' 1 6 I-C.D.V. Boxes (10/) 0 12 1 0 12 3 Macduffs (ord.) .. 0 14 0 McKenzies 2 9 0 Macky, Logan 1 10 6 _ M. and C. (deb.) . 1 3 0 __ M.K. Mnfrs. (5/-> . 0 6 8 0 7 0 Auck. Laundry .. 0 1-8 0 1 0 0 N.Z. Farm. Fert. 1 2 0 1 3 3 N.Z. Forest (ord.) 0 8 3 Ditto (pref.) .. 0 12 0 0 12 9 N".Z. Newspapers . 1 19 0 2 1 3 Peters Ice (N.Z.) 1 3 0 Radio (1936) 0 16 6 Reid Rubber 1 9 6 1 10 0 Ditto (con.) 0 12 3 0 13 0 Sanford (ord.) 0 6 9 0 7 6 Selfridcres (A'asia) 1 - 3 0 1 5 6 Taranaki Oil Fields 0 3 0 0 3 6 Union Oil (16/-) . 1 9 0 1 10 6 Wilsons Cement . . 0 19 0 0 19 3 Woolworths (N.Z.) 0 17 9 0 18 6 Ditto (Syd.) . . 0 19 0 0 19 4 Wths. Hldgs. (S.Af.) 1 10 6 1 13 0 Martha 0 9. 0 0 9 3 Waihi Invests. 0 5 3 0 5 7 Mount Lyell 1 9 6 1 10 3 Mt. Morgan (ord.) 0 8 3 0 8 8 War Loan. 1/10/53 94 0 0 04 S 0 Stock— 15/6/47-49, 2V a . 97 0 0 97 10 0 15/9/52-55, 3 .. 98 5 0 68 15 0 15/5/53-56, 3 .. 98 2 6 98 5 0 15/12/53-56, 3 . 99 0 0 99 5 0 15/4/46-49 4 .. 102 10 0 102 15 0 Auck. Gas i'perp.) 88 0 0 SO 0 0