COMMERCIAL

New Zealand Herald, Volume 81, Issue 24827, 25 February 1944, Page 5

COMMERCIAL

AUCKLAND EXCHANGE PRICES STILL "ADVANCING Brokers on the Auckland Stock Exchange recorded further heavy trading yesterday, and -with sellers practically in charge of the market values continued at a high level. Bank of Sew Zealand led the way with a'transfer 3d up at 445, the highest price paid since 1938. Other shares which advanced to the peak figures of recent years were Bycroft at 54s 3d, McKenzies at 555, and New Zealand Newspapers at 42s 3d. Brewery shares were keenly sought at higher quotations. Government issues were in request at late rates, with a rise of 7s 6d in the second Liberty Loan, 3 per cent.

YESTERDAY'S SALES RETURN ON INVESTMENTS In the following list of yesterday's sales vields allow for exchanse and British income tax where necessary and, in the case of loans, redemption and brokerage:—

Also. —Wool Bonds, 1/3/4S, 19s 9d. Unofficial list: Fletcher Holdings, 255. Wellington.—lst Liberty Loan, 15/9/52-S5, 3 £IOO ss; 2nd ditto. 15/12/53-56, 3, £99 15s; 3rd ditto, 15/12/53-56, 3 £'99 10s; Stock, 16/2/43-46, 4, £IOO 15s; Bank h.Z., 445; §Commercial Bank, 18s Id; §Dominion Breweries 43s 6d; ditto, 43s 6d; Coionial Sugar, £OO (3); §Reid Rubber 29s sd. Christohurch. —§Broken Hill Pt> , 46s 6d, SBvcroft, 54s 3d; §Hume Pipe (Aust.), IS® yd: X.Z. Farmers' Co-op. (B pref.), 5Ss bdj 5 Cement, 19s »d; United Provisions, 14s (id. Unofficial list: A.P.A., 20s 3d (3). Dunedin. —Loan and Mercantile, £sl 10s. £sl 15s- ~ ~ j (Based on interim dividend at rate per annum. 'lncludes bonus. §Sales after hours on Wednesday. LOAN OF £200,000 3i PER CENT OFFER ACCEPTED (P.A.) DUNEDIN, Thorsday The Hospital Board decided last evening, subject to the approval of the Local Government Loans Board, to accept an offer of a Wellington firm of gharebrokers to provide finance for bonds of a £200,000 loan at 3~/ 4 per cent. WHEY FOR PIGS As a means of arresting the decline in the production of pig meats, a scheme for the establishment of co-operative pig farms, in conjunction with the co-operative dairy factories. was submitted to the last meeting of the Meat Producers Board by a deputation from the Taranaki dairy and pig mlustries. Thev suggested that whey at present wasted could be turned to good account for the feeding of pigs. The board promised to bring up the matter at the next meeting of the executive of the National Pig Industry Council BEEF SUPPLIES FOR FORCES The need of adequate supplies of beef lor the forces in the Pacific was referred to at the last meeting of the Meat Producers Board lo ensure that the freezing works concerned with the kiliing of the cattle coma cope with the position, it might be necessary for such works to ease up a little on the killing of ewes for a short period. In this connection, the board is appealing to farmers to cooperate to the utmost extent possible, having regard io their individual feed position. CANTERBURY RAM FAIR ,p. a.) CHRISTCHURCH. Thursday _ Southdowns were in keen demand at to-day 8 annual stud ram fair of the Canterbury A. and P. Association. Roniney Marsh also sola well and Corriedales were in fair demand, bu« English and Border Leicester* were neglected oxcent for a few of the best. Southdown?; made •'tingiis IT.-.gns, UiOgns and UOgns. lhe top price of the fair, however, was for a Comedale bred bv Lieutenant-Colonel Hutton, which made 3oogns, the highest price for the breed yet recorded. Best Romneys made lOOgus for Core arid Tiniara breeders. lish Leicester? made to 50gns, but more than two-thirds of this breed was passed, and mure than half the Borders. For average quality except Southdowns. the sale was disappointing.

CLOSING QUOTATIONS Buyers Sellers Bank A'asia £ & d £ £ d 9 10 0 0 12 0 3 Com. Bank Aust. 0 18 0 0 18 Com Bank Sydney 21 0 0 E., S. and A. Bank 4 2 0 4 7 6 Nat. Bank N.Z. 2 15 3 Bank N.S.W. 0 0 __ Bank New Zealand 2 3 9 2 4 6 Ditto (D Mort.) 1 12 9 National .Ins. 1 5 6 New Zealand Ins. 4 S 3 4 9 0 9 South British Ins. 3 16 0 3 16 standard Ins. 3 IS 3 Far. Auct. (A pf.) 1 4 9 Newton King: (pf.) 1 1 9 I 2 9 N.Z. Guarantee . . 0 4 0 0 4 6 N.Z. Loan <fc Merc. .50 0 0 56 0 0 Ditto (pref.j 95 0 0 105 0 0 N.A. Far. (,B pf.) 0 15 6 0 36 0 traders' Fin. (f.p.) 0 16 6 0 18 ■ 0 Ditto (con.) 0 7 0 0 7 4 9 Pukemiro Coal 0 17 9 0 IS Taupiri Coal (ord.) 1 6 9 1 7 6 Auckland Gas 0 7 3 0 7 4 Ditto (con.) 0 3 0 Hud.-Parker (ord.) 3 2 0 Ditto (pref.) 1 7 9 North. Steam (f.p.) 0 10 5 0 10 7 Ditto (con.) 0 2 10 0 3 0 Kauri Timber . . 1 9 0 1 10 0 Taupo Totara (ord.) 0 9 6 0 10 6 Tatterefield 2 0 0 2 5 6 Dorn. Brew, (ord.) 2 3 9 2 5 0 Ditto (pref.) o 3 9 — Innes ford.) 1 7 6 1 12 6 New Zealand Brew. 2 1 9 — Aust. Con. Indust. 2 16 0 2 17 3 British Tobacco . . 2 9 0 .— Broken Hill Prop. o 6 3 2 6 9 Claude Neon (N.Z.) 1 5 6 1 8 0 Colonial Sugar . . 59 10 0 60 5 0 Consol. Brick 0 9 10 0 10 3 Far. Trad. (A pf.) 1 5 6 — Fletcher Hid. (pf.) 1 6 6 — Gear Meat 1 3 6 1 4 9 G. J. Coles 3 5 9 3 6 0 K.D.V. Boxes .. — 0 12 6 Macduffs (pref.) .. 1 5 3 — McKenzics 2 14 0 — M.K. Manufacturers 0 6 4 0 7 0 N.Z. Farm. Fert. i 2 6 1 3 6 X.Z. Refrifj. (paid) 1 7 0 1 8 6 Ditto (con.) 0 13 0 0 13 8 Radio (19.36) 0 16 6 — Reid Rnbher Mills 1 9 3 — Ditto (con.) 0 17 6 — Robinson Ice 1 8 0 — Sanford (ord.) 0 7 1 0 7 6 Ditto (pref.) 1 2 0 1 3 6 Taranaki Oil Fields 0 2 3 0 3 3 Wilsons Cement . . 0 19 7 — 0 Woohvorths (N.Z.) 0 17 10 0 18 Ditto (Syd., f.p.) 0 19 4 0 19 8 Kanieri 1 o 3 1 3 9 0 Martha 0 S 9 0 9 Waihi Invests. 0 5 4 0 5 8 0 Broken Hill South 1 7 3 1 9 Mt. Morsran (ord.) 0 S 0 0 8 0 6 0 War Loan, 1/10/53 95 15 0 96 Stock — 98 15/0/17-49, 2Ya . 98 0 0 2 6 15/0/52-55, 3 .. 100 2 6 100 7 6 15'5/53-58, 3 .. 99 15 0 99 17 6 15/12/53-56, 3 . 99 7 6 99 12 6 15 "2/43-46, 4 .. 100 0 0 101 0 0 15/5/49-52, 4 . . 105 0 0 106 0 0

AUCKLAND EXCHANGE Sale Price Rise or Yield £ s d Tall £ s d 1st Lib. Ln„ 15/9/5255, 3 , . 100 5 0 8 1 0 2nd Ditto, 15/5/535fi, 3 . . 99 15 0 -t-Ts 6d 3 1 0 3rd Ditto, 15/12/5356, 3 (2) 99 10 0 S 1 0 Bank X.Z. . 2 4 0 +3d t2 14 7 Com. Bank . 0 IS 1 — 3 13 9 Trader?' Fin. 13 icon.) 0 7 2 — 3 3 Xth. Steam. 0 10 6 +2d 5 4 9 Kaiapoi Wool, . 1 4 0 — *4 5 13 0 Doni. Brew. 2 3 6 — 3 7 Booth-Mac. (pref.) . . 0 10 3 4 7 9 Bycroft 2 14 3 +9d 2 19 0 Frtns' Trad. 1 5 6 — 3 IS 5 Hume Pipe (Aust.) . . 0 18 10 -6V 2 d 4 4 10 McKenzies . 2 15 0 + 1S 3 12 9 X.Z. Vpapers Wilsons Cem. 2 2 0 19 3 9 +3d 3 +2 3 2 1 2 W'wihs Hldgs . 1 11 3 -9d *2 16 0