COMMERCIAL

New Zealand Herald, Volume 81, Issue 24794, 18 January 1944, Page 7

COMMERCIAL

AUCKLAND EXCHANGE LIBERTY LOAN HIGHER Strong buying pressure, coupled with a scarcity of sellers, contributed to further firmness on the Auckland Stock Exchange yesterday, and a parcel of the Third Liberty Loan 3 per cent changed hands at £9B 12s 6d, a rise of 7s 6d since last week, with buyers remaining in at the higher rate. Bank of New Zealand shares, in their first dealings in the new year, were steady at 435, more being wanted at that figure. E:, S. and A. Banks were firmer. CLOSING QUOTATIONS Buyers Sellers £sd £ s d Com. Bk. Australia 9 4 0 9 6 0 Ditto (C. pf.) . 017 6 018 0 E„ S. and A. Bank 4 0 6 4 2 0 Nat. Bank N.Z. .. 2 14 0 Nat. Bk. A'sia (pd.) 12 0 O Bank N.S.W. .. 33 10 0 Bank N.Z. . . 2 3 0 2 3 3 Union Bk. Australia 711 0 713 0 National Insnranco 14 6 N.Z. Insurance .. 4 9 9 4 10 0 Sth. British Insce. 3 15 9 3 17 0 Dom. I. and B. .. 13 0 14 3 F.C.A. (£1 pd.) . . 016 6 017 3 Newton Kins: (C. pf.) 1 2» 0 14 3 N.A.F. (B pf.) .. 0 15 0 017 0 Traders' Finance . 015 6 018 0 Ditto (con.) .. 0 6 6 0 8 0 Renown (ord.) .. 0 9 3 010 0 Westpt.-Sttn. (ord.) 0 3 2 0 4 0 Ditto (pref.) .. 0 6 3 0 7 3 Auckland Gas .. 0 7 0 0 7 3 Ditto (con.) .. 0 3 0 0 3 4 Northern Steam .. 0 10 3 010 7 Ditto (con.) .. 0 3 0 t L.-O'B. Timber .. 12 0 National .. .. 0 8 6 0 9 6 Kaiapoi . . .. 13 9 Ditto (con.) .. 0 9 3 010 0 Ballins Breweries . Dom, Brew, (ord.) .2 0 0 X.Z. Breweries .. 1 19 9 Tooth's .. .. 215 3 216 6 A.C. 215 3 215 9 Booth-Mac. (pf.) .0 9 3 010 3 British Tobacco .. 2 7 9 Broken Hill Pty, .2 4 6 2 5 0 B.vcroft . . . . 212 0 Claude Neon (N.Z.) 16 9 18 0 Colonial Sugar .. 57 10 0 Con. Brick . . 0 9 10 010 3 Farmers' Trading • 14 9 16 0 G. J. Coles . . 3 3 0 3 5 0 Hill and Plnmmer .18 0 K.D.V. Boxes .. Macduffs (ord.) .. 012 3 McKenzies .. 2 10 0 Macky Logan .. 111 0 M. and C. (deb.) . . 13 0 M.K. Manufacturers 0 6 9 0 7 2 Auckland Laundry 0 18 0 N.Z. Fertilizer . . 12 6 13 9 N.Z. For. Prod, (ord.) 0 8 3 Ditto (pref.) .. 011 6 012 9 N.Z. Newspapers . 2 0 6 22 6 N.Z. Refrig. (pd.) 17 6 N.R. Milling (C. pf.) 13 6 Peters Ice (N.Z.) .13 0 Radio (1936) .. 0 16 9 Reid Rubber .. 18 9 • Ditto (con.) .. 012 0 012 6 Robinson Ice .. 16 0 Sanford (ord.) .. 0 7 0 0 7 9 Ditto (pref.) .. 10 0 Selfridges (A'sia) 13 6 16 0 Union Oil .. 19 0 Wilsons Cemont .. 0 19 1 Woolwortb3 (N.Z.) OIS 0 018 3 Ditto (Syd.) .. 019 7 019 10 Martha .. .. 0 9 0 0 9 2 Waihi Invests. .. 0 5 3 0 5 9 Bnlolo . . .. 4 9 6 415 6 Mount Lyell .. 19 0 1 10 0 Mt. Morgan (ord.) . 0 8 4 0 8 8 War Loan, 1/10/53 91 7 6 91 15 0 Stock—--15/5/48, Iy a . . 97 15 0 98 10 0 15/6/47-49. 2% . 96 10 O l/S/51-54, 3 .. 99 10 0 15/12/53-56, 3 . 98 12 6 98 15 0

YESTERDAY'S SALES RETURN ON INVESTMENTS In the following list of yesterday's sales yields allow for exchange and British income tax where nec-essary, and. in the case of loans, redemption and brokerage:— AUCKLAND EXCHANGE Sale Price Rise or Yield £ s d Fall £ & d 3rd Liberty Ln., 30/12/03-56. 3 . .. 08 12 6 +7b 6d 3 2 3 War Loan, 1/8/51-54,3 99 10 0 Ak. Gas, 1/7/4952, 4 1 / . . 100 0 0 +IOS 4 0 6 Bank A'sia .9 5 0 Bank N.Z. (J) 2 3 0 t2 15 10 N.Z. Ins. (2) 410 0 +2 4 5 Nth. Steam (2) 010 5 -3d 5 5 7 W'wths (N.Z.) 0 18 2 Also.—Westport-Stockton, 3s 3d. Wellington.—War Loan, 1/10/53, VA, £9l 12s 6d; National Bank N.Z. (ex div.), 5-is 9d, Bank N.Z., 435; N.Z. Breweries, 40s 3d; {Anthony Hordern, 20s 6d; Woolworths (N.Z.), 18s 2d. Unofficial list: South Wellington Pictures, ISs. Christchurch.—3rd Liberty Loan. 15/12/5356, 3, £9S 12s 6d; War Loan, 1/10/53, 2 1 /,, £O4 12s 6d; SjNT.Z. Insurance. 90s; N.Z. Breweries, 40s, 403 l%d. tßased on interim dividend at rate per annum. SSales after hours on Friday. MINING YIELDS Blackwater (West Coast).—Four weeks ended December 31: 7SSoz from 10S5 tons crushed, valued at £6tiJo; working expenses, not including ordinary or war duty. £5512; development expenses. £392; capital expenses. £IOB4. Maori Gold (West Coast). —Week ended January 14: 28oz, 0000 yards, 02 hours. Associated Gold (West Coast).—Week ended January 15: 102oz, 65,120 yards, 284 hours. DIVIDEND DECLARED The directors of the New Zealand Refrigerating Company recommend an unchanged dividend of sy a per cent, payable on February 21. Books close on January 3JL. In regard to the final dividend of 3s 6d a share already announced by the directors of the Union Bank of Australia, a Press Association message from Wellington states that the dividend is subject to British income tax of ll.GSld a share, making the net dividend 2s 6.319 d a share in English currency. Warrants to be drawn on Wellington will be payable at any of the bank's branches in Now Zealand at the buying rate of exchango for demand drafts on London at the date of the warrants, namely, February 21. TRADE IN SYDNEY The value of sales of the principal Sydney retail stores for October was 9.9 per cent lower than for October, 1942. Stocks wero valued at 9.1 per cent less than a year earlier. The figures aro given in the Monthly Summary of Business Statistics, issued by the Government Statistician, Mr. S. K.' Carver. The total value of taxable and non-taxable goods sold at wholesalo by registered wholesalers was £20,797,500 in October, compared with £22,065,300 in October, 1942. MARINE WAR RISK Advices of further reductions in marine war risk insurance rates were received by Auckland insurance offices yesterday. The amended schedulo is as fellows:—United Kingsdom, to or from Australia and New Zealand, via any route. 8 per cent (previously 0% per cent). Government war rates have been amended as follows:—'United Kingdom, to or from Australia, New Zealand and Tasmania, 4% per cent (5%); Australia and New Zealand, to or from India, not east of Cape Cormorin, but including Ceylon or Pesian Gulf, 5 per cent (6); east of Cape Cormorin, 6 per cent (7). FOREIGN EXCHANGES Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres on Saturday were supplied by the Bank of Now South Wales as follows: January 15 T.T. T.T. Buying Selling New York. dol. to £ .. 3.2542 3.2050 Montreal, dol. to £ .. 3.6039 3.5290 India, ponce to rupee .. 22 3-16 22% Ceylon, pence to Tupee .. 22 3-16 22% S.A., £N.Z. £S.A. 100 123 125/2/6 London, £N.Z. £st. 100 124/7/6 125 Australia, £A. £N.Z. 100 100/10/- 100 Fiji, £F. £N.Z. 100 . . 00 SB/12/6 Chungking, N.Z. pence to Chinese dollar .. 4d