COMMERCIAL

New Zealand Herald, Volume 81, Issue 24826, 24 February 1944, Page 2

COMMERCIAL

AUCKLANDJEXCHANGE A BUOYANT MARKET Business was more active on the Auckland Stock Exchange yesterday, a heavy turnover including a big proportion of gilt-edge securities. The 19T7 : 2i per cent Liberty Loan, with six weeks' interest accrued since the last sale, sold £1 dearer. Bank shares were strong, and Commercials gained another Id, while buyers raised their otters tor IS., S. and A.'s. and .Mercantile preference stock, in the first sale since October, showed a rise of £9 10s. this being in accord with recent improvement on the London market. Northern Holler .Mills (preference), in their first sale since September, were Is 5d up, and a fresh upward move was made by Dominion Breweries. A.C.I, s had higher quotations. CLOSING QUOTATIONS Buyers Sellers i' s d £8 (i Bk. Australasia . . 0 10 0 it 12 6 Com. Bk. of Aust. 0 lb 0 <> If 1 E., S. and A. Bk. 4 2 0 4 , (> .Nat. Bk of N.Z. 2 15 0 Bank X.S W . . 34 15 0 Bank X.Z. . . 2 3 It 2 4 2 I'll 10 u Bk. of A list. 7 lo 0 National Insurance .14 6 1 o 0 N'tw Zealand lusce. 4 8 3 4 0 0 Still. British Insce. 3 10 0 3 10 9 Standard Insce. . . 8 18 3 P.O. A. (£5 paid) 4 10 6 o 2 6 Ditto (X'2 paid) 114 3 110 </ Newton King (.c. pf.) 1 1 10 1 2 0 Loan and Merc... 50 0 0 56 0 O Ditto (prof.) .. 95 0 0 105 0 0 Traders' Finance . 0 16 6 0 IB 0 Ditto (con.) .. 0 7 1 0 7 3 Pukemiro Coal .. 0 !'• 0 OIS 0 I'auipiri (ord.) .. 16 0 .1 7 6 Auckland lias .. 0 7 2 0 .< 4 Northern Steam .. 010 5 010 6 Ditto (con.) .. 0 2 10 0 3 () Kauri Timber .. 10 0 1 J<> o Ley la lid • O'Brien 12 0 1 3 O Parker - Lamb 0 3 7 0 4 1 Taupo Totara lord.) 0 0 6 0 10 b Kaiapoi (17/- f.p.) 1 3 6 I'attersfield . . 2 0 0 2 ob Dom. Brew, (ord.) 2 3 6 2 o 0 1 lines lord.) .. 17 6 .11-6 New Zealand . . 2 13 —; A list. Con. ludust. 216 6 21< 3 British Tobacco . . 2 0 0 Broken Hill Pty. 2 6 3 2 - 3 Bycroft .. . 213 6 214 6 Claude Neon I'N.Z.) 1 o 6 1 £ )[ Colonial Sugar . . 50 12 t> foO 5 0 Con. Brick & Pipe 0 010 030 •! Farmers' Trading 1 5 0 1 o i Rear Meat (10/ f-t>.) 1 3 6 3 4 0 Gr. J. Coles . . 3 5 6 3 6 0 K.D.V. Boxes .. - 6 McKenzies • •• 214 0 -lo 0 M.K. Manuf's. . . 0 6 4 0 < 0 Auckland Laundry 010 0 10 6 N.Z. Fairs' Fert. .12 6 1 3 6 X" Z. Newspapers • 2 10 2 J. «> Reid Rubber Mills 10 6 Ditto (con.) .. 01. 0 San ford (ord.) 0 < 0 0 > 6 Ditto (pref.) . . 110 13 6 Taranaki Oil Fields 19 0 Wilsons Cement . . 019 6 —- Woolworths (X.Z.) Ol< 10 OIS Ditto (Sydney) 010 o 1 Martha . • •• 0 S 0 0 \ Waihi Invests. . . 0 5 4 0 g ■- Mit. Morgan (ord.) War Loan, 1/10/53 05 lo 0 S 'T"W'<V47 °. 1 -5 90 5 0 09 15 0 15/(5/47-49? 2»/ a • OS 0 0 OS 2 <> 1/8/51-54, 3 .. 00 5 0 - 15/9/s°-55 3 . . 100 2 6 IVV WH>' 3 00 10 0 00 12 f> 3 . 00 7 6 00 12 6 0° Jj « 8 BSgga 1: 18 o % 0 0 YESTERDAY'S SALES RETURN ON INVESTMENTS In the following: list of yesterday's sales vields 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 l 10'»/47, L 2""' 99 10 0 +2OS 217 6 Ditto,' 15/9/52- Q 1 f| 55, 3 . 100 6 0 3rd Do., 15/12/53- o i o no, 3 , . 99 10 0 8 1 0 War Loan, - r 1/10/53, 2y a 95 17 6 Ditto, 1/8/51, o a p 54 3 99 5 0 d O U Stk'. 15/4/46- s n r 40, 4 . . 103 5 0 8 0 6 Takapuna 8.C., „ _ c l/S/52. 3'A . 100 10 0 Bank X.Z. . . 2 3 9 +2 14 1C Com. Bank .. 018 0 Ditto . • 018 1 -fid 313 0 N.Z. Ins. (2) 4 8 9 L (°pref.f MerC '. 100 0 0 +1903 32 € N.A. Farmers „ ,„, _ Q n (B pref.) . . oln 6 +3d 6 9 0 ftear Meat .. 14 0 - *22 Dom. Brew. . 2 3 6 +6d 313 . Broken Hill .2 6 6 - 3 C Farm. trad. . 1 o 6 . 'U f Nth. Roller (pf.) 1 o 0 j-lsod 4 6 f Reid Rubber 19 6 +3d 4 1 1 Mt. Morgan (pf.) 10 0 -3s6d 8 0 0 Wellington.-—War Loan, l/S/51-54, 3, r.,. c»ock 13'5/40-52, 4, £lO5 5a,: Libert) 1 Bonds 10s 9d; §Bank N.Z., 43s Od; §Gear Meat, 245; Macduffs, 14s. Christchurch. —War Loan 1/10/53, 2 „ COS 12s 6(1, £95 15s; Stock, 1.-,.-4/4(>-10 4 ClO3 10s; Loan and Mercantile (pref.),. .€100; Newton king (pref.), 225; Kaiapoi Wool, 21s; X.Z. Breweries 41s !,^i... Bf ' n . th ' Macdonald (pref.), 10s 3d; Broken Hill l't. .. lus Od; B.vcroft. 54s 3d; Colonial Sugar. .CfiO; Donaghy's Rope, 05s: Electrolytic Zinc (pref.). 50s; Hume Pipe (Australia). ISs 9d: woolworths (Syd.* 19s 3d (2), Dunedin. —Loan and Mercantile. £sl; Electrolytic Zinc, 57s Od (Based oil interim dividend at rate per annum. 'lncludes bonus JSales after hours on Tuesday. SHARES IN LONDON LONDON, Feb, 22 On the London Stock Exchange quotation? for bank shares and other corporation debenture's and stock, with comparisons on February 5 ' are: ~ Feb. S Feb. 22 £Bd £ s d Bank Australasia . 612 6 615 0 E., S. and A. Bank 3 6 fi 3 7 6 Union Bank .. 5 1/6 6 0 0 Bank X.S.W. .. 21 10 0 21 10 0 Xat. Bank N.Z. .. 117 « 1 }<{ < Bank of X.Z. .. 110 4A 1 3.0 0 British Tobacco .. 1 lo 6 1 15 6 Goldsbrough-Mort . 113 113 Dalgcty • •• 5 5 0 o S 9 P. and 0. (def.) . . 115 0 115 Loan & Xiere. (deb.) 90 0 0 91 0 0 Ditto (ord.) ■ • MINING YIELDS Associated Gold (West Coast). —For week > ended February 10; 16207.., 79.2(55 yards. 350 i hours. Mount Morgan (Queensland). —'the estimated working deficit for four weeks ended ; February 6 is £'19,090, not including pro- I vision for depreciation, overhead expenses of 1 CI7OO and preference share dividend of j .£1231 Capital expenditure totalled £5380. i The board reports that losses in the last eight months have, mainly been the result of manpower shortages. Mine deliveries to the No. 1 mill have neen 70,000 tons short and development of the ore reserve section was so retarded that average grade ore had not been procurable. Further attempts to secure more manpower are being ina.de. BRITISH TOBACCO RESULTS The British Tobiccc: Company (Australia), Limited reports a net profit of C957,!49 for the vear ended October 31, which is almost the same, as for iho two preceding yearn. The nil I-12 profit was i' 957,818. Unchanged ordinary and "B" ordinary dividend of 9 per ccill requires £'843.474. Preference dividend of o 1 .: per cent amounts to £lll,is*. The earn-forward is £'s'_',2;i3, attain,st £19,710 brought forward. The net profit of the coinpan v ami its subsidiaries is £9Ss,9.so, compared with £990,710 for 1941-42, after allowing £117,971 for depreciation, against £1 10,39(5. POTATO PRICES FIXED ! P.A.) WELLINGTON, Wednesday Limit prices for main crop potatoes are set ■mt in a price order just gazetted. Growers, distributors, wholesalers and retailers' prices for the period March 1 to Xovember .'!(), in I |, are all covered by the price, order. The limit retail prices are the same as last year. For March to July inclusive, the limits are: Canterbury and Otajro provincial districts, 1 '.el per lb; the metropolitan areas of Auckland and Wellington and other towns, 'Jd per It); elsewhere, -J'/id per lb. For August to Xovember inclusive, the limit prices are increased by Vid per lb. Growers' prices announced, for the period from March lo dune inclusive are to be followed by periodic adjustments on the same lines as last year. The main difference from last year's procedure is that, instead of setting individual prices for each of the months from March to Juno inclusive, this year's price order averages the prices for the four months and this one growers' price applies until the end of June. The differential price to North Island growers this year is 35s a ton higher than the South Island price, instead of £2 higher, as it was last year. The March to June growers' prices (i.e., actual prices for fair average finality and maximum prices in the undergrade), are: Potatoes, grown in the South Island. £8 5s a ton f.0.b., sacks in, for Snttons Supreme and King Edward, and £7 15s a ton for other varieties, Potatoes grown in the North Island (other than tagged potatoes), £lO a ton f.0.r., sacks in, growers' station; tagged potatoes, not less than £lO a ton and not more than £lO 10s a ton. The margins to distributors, wholesalers and retailers remain unchanged.