COMMERCIAL

New Zealand Herald, Volume 81, Issue 24874, 21 April 1944, Page 2

COMMERCIAL

AUCKLAND EXCHANGE GOVERNMENT STOCKS RISE An especially keen demand existed for Government stocks on the Auckland Stock Exchange yesterday and several parcels were transferred at higher rates, after which sellers dropped out. The second Liberty Loan 3 per cent and the 1956-59 3\ per cent issues were transferred at new high levels. Dominion industrials were strongly supported and new peaks were established for Brace Woollen and Gear Meat. Higher offers were made for Goldsbrough Mort and for Devon port: Steam, with no response from holders. National Insurances were easier.

YESTERDAY'S SALES RETURN ON INVESTMENTS In the folio wins; 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 £ <3 d Fall £ s d Ist Lib. Loan, 15/9/47, 2 1 /, 98 17 6 +2s6d 215 6 2nd Ditto, 15/5/53-56, 3 . . 100 2 6 +2s6d 3 1 4 3rd Ditto, 15/12/6356, 3 .. 100 0 0 War Loan. 1/10/53. 2Vj 95 5 O +IOS 3 10 Stk., 15/1/56- „ 59, 3% . . 102 0 0 Bank N.S.W. 37 0 0 Bruce Wool. 117 0 +ls6d *4 6 6 Gear Meat . 15 9 +ls 9d *3 17 8 Ballins Brew. 018 6 A.C.I. • • 2 17 6 t2 5 3 Bkn. HillPty. 2 4 3 -3d +2 5 2 Wilsons C. (2) 1 0 0 - t2 1 8 W'wths (Syd.) (2) 0 19 11 H 0 3 Also: Wooi Bonds, 20s 3d. Wellington.—lst Liberty Loan. 15/0/4/, 2Va, £99; §3rd ditto. 15/(5/47-49. 2%. £9B 7s (id; War Loan, 1/10/53, 2 1 / a. £95 ss; Auckland Harbour Board, 9/7/54, 4%. £IOB ss; National Bank N.Z., 55s (id; Kauri limber, 30s; Timaru Woollen. 20s Od (2); SBroken Hill Pty.. 44s 3d; ditto. 44s 3d; McKenzies, 57s Ckl; Electrolytic Zinc, ojs 3d; § Wool worths (Sydney). 19s lid (2). Christchurch.—3rd Liberty Loan, 10/12/oci--56 3, £99 17s Od; Wool Bonds, 20s 3d; Bank N.Z.. 44s 3d; Commercial Banking (Sydney). £22 10s; Dominion Breweries. 455; Broken Hill Pty.. 445; Dominion Builders, 7s 9d; Dominion Fertilizer. 275; §V>oolworths (Sydney), 19s lid; Gillespie's Beach. 3d. Unofficial list: Westland Breweries. 245. Dunedin.—lst Liberty Loan. 15/9/47, 2/ 3 , £9B 12s 6d; 3rd ditto. 15/6/47-49, 2/2, £9B 12s 6d; Tooth's Brewery. 595: Timaru Woollen, 20s 6d; D.1.C., 21s. tßased on interim dividend at rate per annum. * Includes bonus. SSales after hours on Wednesday. NATIONAL MORTGAGE LONDON. April 19 The National Mortgage and Agency Company of New Zealand, Limited, after contributing £4799 to the staff superannuation and provident fund, made a not profit of £l7 799 for the year ended September 30. The sum of £14,837 was brought, forward. The year's dividend of 5 per cent, tax-free (unchanged), absorbs £17.079, leaving £15.557 to be carried forward. The profit compares with £1(5,885 in previous year and £10.434 in 1941. ihe dividend has been steady since 193/. when it was 7/2 per cent ROLLER MILLS YEAR •'With the present very high rate of taxation coupled with our controlled method of trading, it is practically impossible for the company to earn sufficient to pay what is considered a fair and reasonable commercial dividend," said the chairman. Mr. J. B. Donald, at yesterday's annual meeting of the Northern Roller Milling Company. While the gross profit was slightly higher than for the previous year, the net result, he said, was not sufficient to allow of a higher dividend than 2% per cent without drawing upon the company's undivided profits as had been done in the past three years. Owing to war conditions expenditure had been heavier than usual. It had been anticipated that the ne'v silo would be in full use during the whole of the trading period, but owing to freight shortages it was not until late in October that it could be filled to capacity. The directors hoped for better results in the current year, but with so many adverse circumstances to contend with there was little likelihood of much better returns. The retiring directors, Sir Cecil Leys and Mr A. St, Clair Brown, were re-elected. IMPORT LICENCES The Customs Department advises that it has been decided to grant.- licences for the importation of linoleum, including felt base linoleum, from Canada and the United States to the extent of 50 per cent of the value of the applicants' imports of such goods from all sources in 1938. Applications for licences to import keyhole ties for wool baling will be considered. DIVIDENDS DECLARED Mosgiel Woollen Company (Dunedin).— Interim dividend, 4 per cent (unchanged); payable May 10. , Shariand and Company (Wellington).—lnterim dividend 2 1 / a per cent (unchanged); payable May 10. iL , Snowy River (Greymouth).—Ninth dividend (5d a share, eaual to 10 per cent, payable April 20. The first distribution of 6d a share was made on November 4. 1941, and this rate has been maintained FRANKTON ISTOCK SALE (0.C.) HAMILTON, Thursday An extra large yarding of fat sheep and an increased number of fat. lambs were penned at the Prankton stock sale. Values for both ox and cow beef showed a decided drop. Baconers and porkers sold on a par with recent rates and the demand for store and weaner pigs was steady. Quotations: — Extra heavy prime wethers, 33s to 345; heavy, 30s to 32s Od; medium, 28s Od to 29s (id; light, 20s to 28s; heavy fat ewes. 19s to 19s Od; medium, 17s to 18s Od; light. 15s to His; extra heavy fat lambs, 28s to 30s; heavy, 20s to 27s Od; medium, 23s to 255; light, 18s to 225. Heavy prime bullocks, £1.2 5s to £l3; medium, £ll 10s to £l2; light. £lO 10s to £11; heavy prime young cows and heifers, ,€7 to t'H; heavy runners, CO to £7 2s Od; lighter £4 Ids to £5 15s; vealers £2 10s to £l, lighter, 30s to C2 r>s; boner cows, £1 to £0 Ills. Choppers. £2 to £1 its; prime heavy baconers. £1 lis to £1 15s; heavy. £1 Ks to CI 10s: medium Ct 2s to £4 (is; light, £3 12s to Cl. heavy porkers £2 18s to £3 Os; medium. £2 IDs to C2 His. light, C2 2s to C2 8s: unfinished 'tis to £2; store pigs, 25s to 31s Od; lips iis to »2s Od: weaners. 8s to 12s fid

CLOSING QUOTATIONS Buyers Sellers £ s d X' s d Bank Australasia . 6 0 0 12 0 Coin. Bank Aust. . O 1 18 6 0 10 0 Com. Bank Sydney — 23 0 0 National Bank N.Z. o 14 O •> 16 0 Bank N.S.W. .. 37 0 0 37 5 0 Bank New Zealand 2 4 0 2 4 a Union Bank Aust. 8 0 0 8 10 0 Nat. Insurance .. 1 4 0 1 5 0 N.Z. Insurance .. 4 0 0 4 0 6 Queensland Insur. . 3 2 6 — Stb. British Insur. 3 16 0 3 17 3 I>om. Inv. and Bkgr. — 1 4 6 FA.C. (£1 paid) . Goldsbrou^h-Mort 0 17 3 0 1.8 0 1 9 0 — Newton-King (pf.) . 1 2 o — N.Z. Guarantee .. 0 4 0 — N.A. Frms' (A pref.) 1 0 0 1 2 6 Traders' Finance . 0 17 0 0 18 0 Ditto (con.) 0 7 0 0 7 6 Kaitangata Coal . 1 12 3 10 0 Renown (ord.) 0 9 <5 0 Wstpt.-Sttn. (ord.) . 0 3 0 0 3 3 Auckland Gas 0 7 7 0 7 S Ditto (con.) 0 3 0 0 3 3 Devonport Ferry .. 1 10 6 — 10 Northern Steam. • 0 10 7 0 10 Ditto (con.) 0 3 1 0 3 3 L.-O'Brien Timber. 1 3 6 1 5 0 National 0 7 0 0 0 0 Parker-Lamb 0 3 6 0 4 0 Taupo Totara (ord.) — 0 10 0 Ditto (pref.) . . Felt and Textiles . 0 10 6 — o 10 0 — Kaiapoi Timaru — 1 5 6 1 0 0 1. 0 0 Dom. Brew, (ord.) o 4 6 2 5 3 Ditto (pref.) — 2 6 0 N.Z. Breweries .. — 2 2 3 Tooth's 2 18 O — i Aust. Con. Indus. . o 17 0 o IS 0 Berlei (N.Z.) 3 10 O — British Tobacco . . 2 10 0 2 12 0 Broken Hill Pfy. . 2 4 3 2 4 6 Claude Neon (N.Z.) 1 5 0 1. « 6 Colonial Sugar ... 59 10 0 50 15 0 Consolidated Brick 0 10 4 0 10 9 Farmers' Trading . 1 6 0 — 0 G. J. Coles 3 7 0 3 9 Grey and Menzies 0 17 0 — Hactiields Steel Wrks. 0 12 <> 0 13 6 Hill and Plummer 1 8 6 — I.C.I, (pref.) 1 7 3 1 8 6 McKendrick (pref.) 1 3 O — McKenzie's . o 17 0 2 18 3 Macky, Logan 1 11 0 — M. & C. (deb. stk.) 1 5 0 1 5 e M.K. Manuf's. — 0 7 3 National Electrical 1 12 6 1 16 0 Auckland Laundry 0 17 0 0 19 3 N.Z. For. Pro. (ord.) 0 6 11 0 7 3 Ditto (pref.) .. — 0 12 0 Peters Ice (N.Z.). — 1 5 3 3 Reid Rubber 1 11 <; 1 12 Selfridges (A'sia) . 1 7 3 1 S 9 3 Taranaki Oil Fields 0 o 0 0 3 Wilsons Cement .. 1 0 0 1 0 3 Woolworttis (N.Z.) . 0 17 10 0 IS o Ditto (Prop.) . . 1 0 0 1 11 0 Ditto (Sydney) . 0 10 10 0 10 11 Mount Lyell — 1 14 0 Mt. Morgan (ord.) 0 7 3 0 8 0 Stock— 15/0/47, 2Vj . . OS 17 6 .— 15/5/48, 2y a . . OS 15 0 — 1/8/51-54, 3 . . 00 0 0 — 15/5/53-56, 3 . . 100 5 0 — 15/12/53-56, 3 . 100 0 0 100 5 0 Auckland Har Bd., 0 9/7/50. 4 */ 106 15 0 108 10