COMMERCIAL

New Zealand Herald, Volume 81, Issue 24875, 22 April 1944, Page 5

COMMERCIAL

AUCKLAND EXCHANGE BRITISH TOBACCO RISE Scarcity of supplies in the gilt-edge section was accentuated on the Auckland Stock Exchange yesterday and only a single transaction in this class was recorded, a parcel of 1954-58 4 per cents which, with 7s 6d accrued interest since the last sale, was transferred at an advance of 15s. Dominion Breweries were active with fresh business at the peak level of 455. British Tobaccos improved and, with a sale at 51s 6d, touched their highest level in the last four years.

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

Also. —Commercial Banking Sydney (odd lot), TOs; Kauri (odtt lot). 30s; Forest Products, 7s. Wellington.—3rd Liberty Loan, 15/12/5350 3, £100; Bank N.Z.. 41s 4d; Commercial Banking Sydney, £22 10s; Renown Collieries, Sts Hd; Colonial Sugar, £SO 12s Gd; Dominion Rubber, 7s 3d; Woolworths (Sydney), 19s lid. Christchurch.— SCommercial Bank, lSs Sd; ditto, ISs 8d; SNational Bank A'asia. £l2 10s; Loan and Mercantile (pref.), £110; Kaiapoi Woollen (7s paid) Os 7d; Herald and Weekly Times. 56s (id; Woolworths Holdings, 30s. Dunedin. —Bonds, 15/4/46-40, 4, £102; National Insurance, 25s 3d; Loan and Mercantile (pref.), £110; Kaiapoi Woollen, 24s !»d; N.Z. Breweries, 41s (Jd: Dominion Rubber (odd lot), 7s 3d. fßased on interim dividend at rate per annum. SSales after hours on Thursday. INVESTMENT TREND SCARCITY OF SUPPLIES Following the Easter vacation, business was resumed on the Auckland Stock Exchange with no change in the market trend, which continued to favour holders. The opening call on Monday found plenty of buyers at preEaster rates, but sellers, ft the most part, held off until the next day, when higher offers attracted a fair amount of business. These conditions prevailed for the rest of the week until yesterday, when supplies were extremely short and turnover suffered accordingly. The recent strong demand for Government stocks showed no signs of easing, out buyers had to raise their limits to secure tho small supplies available. At yesterday's final call there were buying offers for over a score of Government issues and only one seller. New values were established for Liberty Loan issues, with sales close to par for the 'jy 3 per cents and slightly higher for the 3 per cents. Comparisons of Government Issues, witn those ruling on April G and a year ago, ire as follows:

Bank shares were again strongly supported, fresh gains being made by New South Wales, Commercial Banking of Sydney and National of Australasia. New Zealands were offered more freely and eased 3d in the week with sales at 44s 3d. In the insurance section New Zealands and Nationals were slightly easier, with South British, quoted ex dividend on Monday, steady at the equivalent of the former valuation. Practically all classes of miscellaneous Dominion securities were in keen request but supplies showed a further reduction arid in many cases buyers had to raise their offers to secure transfers. In the woollen division higher prices were realised for Bruce, Kaiapoi and Tiniaru, with regular inquiries and no sellers for a number of other issues. In departmental stores Farmers' Trading were conspicuous with sales of the ordinary shares at a new peak of 20s ffd, with buyers still in at that figure. Improvement was also shown in Milne and Choyce's debenture stock. Keul Rubber continued recent advances with business at 31 s 9d and a Is yd gain was recorded by Gear Meat. Australian lenders were irregular. Colonial Sugars and Broken Hill Proprietary were a shade easier, A.C.f.'s' were steady and British iobaceo advanced. Buyers for GoldsbroughMorl raised their offers to 'J!)s 3d without response from holdiers. The mining sec!ion was extremely dull.

BANK OF NEW ZEALAND DIVIDEND UNCHANGED (P.A.) WELLINGTON, Friday The directors of the Bank of New Zealand have announced a final dividend of 1 per cent on ordinary shares for the last half-year, making a total distribution for the year of 7 !>er cent. The half-yearly dividend on the I) long-term mortgage shares is at the rate of IV, per cent per annum, less social ai«l national security (axes. The dividends are payable in New Zealand currency. Til© dividend rates are unchanged.

1! > l: i April o This Bank of N.Z.. . 11 itrh bow Week i:t/•to/o 4 I/O 44/5 Com. Bk. Au.s. 17/7 15/0 18/0* 18/8 Nat. Bk. N.Z. 54 /0 ■18/0 55/. 742/0 Bank N.S.W... 000/737/0 Union Bank . . 151/0 1 105/Nat. Inscc. '24/0 - I/O 25/01 25/3 N.Z. Jnsce. 00/70/(5 80/0 80/0 South British.. 70/3 07/9 77/70/0§ Auok. Gas 7/0 0/0 7/7 N.Z. Brew no/rs 05/0 42/41/0 Dom. Brew . . ■10/. 01/0 4 I/O 4 5/A.G.I. . . 50/57/-* 57/0 Bkn. Hill Ply. 45/0 40/9 44/0 41/.'! Bycroft 51 /O 18/0 50/0* no/o* Col. Sugar 1100/iooo/ 1 105/1102/0 Farm. Trad. . . 21/7 20/7 20/0* G. J. Coles . . 01 /.'! 50/0 08/Wilsons Cem... 10/0 1 20/20/-* Wwths. (N.Z.) 18/3 14/10 18/2 18/1 Ditto (Syd.) . 10/0 15/8 10/11 19/11 "Buyers. tSellers. §Last sale cum dividend.

CLOSING QUOTATIONS Buyers Sellers .€ s (1 .€ s d Com. Bank A us. 0 IS 7 0 18 ii Com. Bank Syd. 22 0 o 23 <) 0 Nat. Hank N.Z. 2 It 0 2 10 0 Bank N.S.W. . . 37 0 0 37 5 0 Bank New Zealand '2 4 3 2 4 0 Union Bank Aus. 8 0 0 8 10 0 Nat. Insee. . — 5 3 New Zealand Insco. 4 9 0 9 (i Sth. British Insco. 3 10 0 17 3 Dominion Invest. . — 4 0 F.C.A. (X'5 paid) 5 0 0 — Goldsbrough Mort . 1 0 3 — Newton King (pf.) 1 <2 0 — Loan and Mere. fit 0 0 ■— 0 N.A.F. (A pref.) 1 0 (i 1 o Traders' Fin. (f.p.) 0 17 3 0 17 9 Ditto (eon.) 7 0 0 7 0 Pukomiro Coal .. 17 (> — Renown (ord.) 9 6 0 10 0 Auck. Gas (f.p.) 7 o 0 7 8 Ditto (con.) 3 0 0 3 3 Devonport Ferry . 10 01 0 — 10 Northern Steam .. 10 7 10 Ditto (con.) 3 1 0 3 3 Leyland-O'Brien . . 3 (J 1 5 0 National 7 6 0 9 0 Parker-Lamb 0 3 8 0 4 0 Taupo Totara (ord.) Kaiapoi Wool (f.p.) 0 9 0 0 1 10 5 0 (i Ditto (C. pref.) 1. 4 0 — Tattersfield 2 0 0 — Carlton Brew. 3 8 0 — Dom. Brew, (ord.) o 5 0 2 5 3 Innes (ord.) 1 11 () -— Ditto (pref.) .. 1 11 0 — New Zealand Brew. 2 1 0 2 2 0 Aus. Con. Indust. 2 17 o 2 18 0 Berlei (N.Z.) .. ft 1!) <i — Broken Hill Pty. 2 4 ;s o 4 8 Byeroft 2 13 i) — Colonial Sugar . . 59 10 (i 51) 15 o Con. Brick 0 10 G 0 10 9 Dim lop Hub her .. — 1 0 0 Farmers' Trading . 1 0 f) — Ditto (A pref.) 1 () 0 — Dilto (B pref.) 1 5 0 — G. J. Coles 3 7 1 o 3 8 6 I.C.I. (C. pref.) 1 7 3 1 8 0 K.D.Y. Boxes (f.p.) () 12 :! — McKendrick (pref.) 1 3 i) 18 McKenzies 2 17 0 2 3 M. and C. (deb.) 1 5 i> 1 a 0 Auck. Laundry . . 0 IS 0 0 19 3 K.Z.> Farm. Fort. 1 4 (i — Ditto (pref.) .. 1 4 0 — 0 N.Z. Forest (ord.) 0 7 0 0 7 Ditto (pref.) . . Peters Ico (N.Z.) 0 10 0 0 12 0 ___ 1 5 0 Badio (1936) 0 16 6 — Reid Rubber i It 6 1 12 6 Ditto (con.) 0 18 (» — Robinson Ice Cream 1 8 6 — Sanford (ord.) 0 7 2 •— Ditto (pref.) . . 1 o 0 — Selfridges (A'asia) 1 7 3 1 8 9 Wilsons Cement .. i 0 o — Woohvorths tN.Z.) 0 18 0 0 18 o Ditto (Props.) . 1 9 0 1 11 0 Ditto (S.vd.) . . 0 IS) !) 0 19 11 Wilis. Hldgs. (S.Af.) 1 9 0 1 11 0 Martha 0 8 5 0 8 9 Waihi Invests. 0 5 4 0 5 7 F,mperor 0 13 0 0 13 9 Mount Lyell — 1 14 0 Mt. Morgan (ord.) 0 7 4 0 S 0 Stock— ir./n/47-iii, 'iVi. 0.8 10 0 90 0 0 15/5/53-50, 3 . . 100 5 O 100 10 O 15/12/53-50. 3 . 100 0 0 — 31/5/54-58, 4 . . 108 0 0 — Auck Gas (perp.) 88 0 0 —

Year Tins Ago April 0 Week tk\, 15/1/53-57. 3% *103% *103 0, * 103 Do., 15/4/40-40, 4 102% *103'4 *101% Do., 15/0/52-55, 4 * 11)7 100% *100 % V.L., 1/10/53, 2% *04 oiy< *05 .L., 15/0/47, 2% *97 : % *08% *08% Do.. 15/5/48, 2% 08% *08% *08% Do., 15/0/52-55,3' *08% *oo' *00 Do., 15/5/53-50, 3 00% 00% 100% *Buyers. §Last salo cum interest