COMMERCIAL

New Zealand Herald, Volume 81, Issue 24955, 26 July 1944, Page 2

COMMERCIAL

AUCKLAND EXCHANGE ACTIVITY IN BANK SHARES Bank shares attracted most attention on the Auckland Stock Exchange yesterday, no fewer than seven different issues appearing on the sales list, with values showing a hardening trend in several instances. New Zealands led the way with a sale of 1111 odd lot at 40s, the highest realisation in recent years. Improvement was also shown in the bank's J) mortgage scrip. The ordinary shares of the Commercial Bank made a further advance and the preferences, in their first local sale since November, recorded a gain of 8s Gd. There was a strong demand in the woollen section.

CLOSING QUOTATIONS Buyers Sellers £Bd L 6 d Bank Australasia 0 10 0 !) 12 o Com. Bank Aust. , o 19 0 o ID 2 Ditto (1, C. pf.) . lo 15 0 E., S. and A. 13, ink -1 (i (5 4 7 (I Nat. Bank N.Z. . 2 14 9 2 15 0 Bank N.S.W. .. Bank N.Z. . . 2 6 0 2 0 3 Ditto (D Mort.) 1110 1 1-1 6 Union Bank Aust. . 8 7 6 8 10 0 N.Z. Insuranco (ex tliv.) . . 4 11 6 4 13 0 Sth. British Inece. . 4 2 9 Standard tnsce. . . 4 16 F.C'.A. U's paid) . 5 2 0 Goidsbrough-Mort . 111 3 N.A.F. (A pref.) . . 116 Ditto (B pref.) 017 9 018 3 Wright-Steph. (C. pf.) 15 3 Renown (pref.) .. 0 2 6 0 3 0 Auckland Gas .. 0 8 0 0 8 1 Ditto (con.) .. 0 3 1 Dovonport Ferry .. 1 11 0 1 13 0 Northern Steam .. 0 10 6 Ditto (con.) .. —• 0 3 0 P. and 0. (def.) .. 2 9 0 L.-O'B. Timber .. 14 0 15 0 National .. 0 7 6 0 8 0 TaupoTotara ford.) O 8 10 0 9 3 Ditto (C.P.) .. 011 0 011 6 Felt and Textiles . 2 16 <> Kaiapoi . . . . 14 3 Manawatu Knitting 2 1 0 Tattersfield 22 O Dom. Brew, (ord.) . 2 5 3 Ditto (C. pref.) . 2 5 3 2 6 9 1 lines (pref.) .. 115 0 118 0 N.Z. Breweries . . 22 3 2 3 0 A.C.I. .. 2 Hi 3 2 17 6 British Tobacco .. 2 lo O 2 11 0 Broken Hill Pty. . '2 5 O 2 5 9 Bycroft 2 15 O 2 16 9 Claude Neon (N.Z.) 17 0 Colonial Sugar . . 59 0 0 59 10 0 Con. Brick . . <> 10 6 010 8 Dunlop Rubber . . 14 0 Farmers' Trading .16 6 1/6 Fletcher Hldg. . . 16 0 1 7 0 Ditto (rights) . 0 '2 < 0 2 8 Ditto (pref.) .. 18 6 111 6 Gen. Industries ~ 14 6 16 0 G.J.Coles .. 3 6 6 3 7 6 K.D.V. Boxes .. 012 11 McKendrick (pf.) .16 0 1 < 0 McKenzies .. 3 3 6 M. and C. /deb.) . . 15 1? } 5 N.Z. Fertilizer . . 15 0 10 0 N.Z. Newspapers . . 2 3 0 N.Z. Refrig. (con.) 013 9 014 2 Reid Rubber . . J J " Ditto (con.) . . Sanford (ord.) . . 0(9 0 8 3 Relfridgea (A'sla) . 1 in o Silk nit • • 18 6 110 O Wilsons Cement . . 019 0 019 i Woolworths (N.Z.) 11l J J * Ditto (Syd.) . . 1 2 0 I^4 Do. (C, 2nd pf.) . 110 0 112 0 Wths. Hldgs. (S.A.) 1W « il" o Arahura .. .. » 17 0 Kanieri • • • • 16 0 1 ' Martha .. 7" n 1 iq ft Mount Lyell .. 112 0 113 6 Mt. Morgan ford.) . 0 < 9 0 8 0 War Loan, 1/10/53 94 15 0 95 5 0 Stock — _ 1.V9/47 2M> 99 7 6 IS/V 48 2% . . 98 15 0 99 5 0 15/5/53-50 3 .. 08 12 6 V I 53-57 3V, . 101 15 0 102 1 5 0 15/1/16.19: 4 . 102 5 0 - Aurk nS' 4<r d '. in 10 0 112 10 0 Ab "£!/i i r i " n " o o

YESTERDAY'S SALES RETURN OX INVESTMENTS In the following list of yesterday's sale> yields allow for exchange ami British i tax where necessary, and, in the case of loans, redemption and brokerage: AUCKLAND EXCHANGE Sale Price Rise or Yield £ s d Fall £ s d 3rd Liberty Ln., 15/12/53-56, * 3 . . . 98 10 0 8 2 6 Bank N. Z„ D Q ~ niort. (2) 1 14 0 t 4 8 3 Rank A'sia Rll 0 -IS 210 4 Com. Bank . 019 1 +ld 3 ft 11 Ditto (pref.) 1.1 1 0 +Ss6d 312 5 Nat. Bank N.Z. 2 15 0 Nat. Bk. A'sia (con.) .6 5 0 South British 4 3 0 - 2 8 2 Golds. -Mort 111 « Felt A Textiles 216 3 +6s 3d 311 N.Z Brew. .22 6 Burns, Philp 3 4 3 Consol Brick 010 8 - 216 .1 G. .T. Coles 3 7 0 t ~ 10 8 Farmers' Ferl. 1 5 3 3 3 4 Radio (1036) 017 9 W'wths (Syd.) 12 3 Also.—Wool Bonds. 20s 3d (2); Bank N.Z. (odd lot). 40s; Auckland Gas (odd lot), Ss; Wellington Woollen (odd lot), £9 10s; Fletcher Holdings (rights), 2s »d; Rawang, Wellington.—2nd Liberty Loan. 15/5/5350 y, £9B 15s; 3rd ditto, 15/12/53-06, 3, i £9B 10s; War Loan. 1/8/51-51, 3. £99 17s (id; S Stock, 15/4/46-49, 4 £lO2 ss; §E S. and A. Bank. S7s; National Bank \ Z 55s 55s 3d; Australian Foundation, ss; N.Z. Breweries, 42s sds Gear Meat, 26s 3d; Fletcher Holdings (rights), '.'s 9d; sLlilted Provisions, lis; Woolworths (Sydney), 22s 3d, °°s *J/ 2 d "Christehurch.—3rd Liberty Loan, 15/12/5356 3, £9B 7s 6d; Commercial Bank, 19s id; ditto (pref.), £ll (3); E.. S. and A Bank. 87s; National Bank N.Z.. 555; South British, 83s; Donagh.v's Rope. OSs 9d; A.C.1.. o.s 3d; Dunlop. 20s; Fletcher Holdings (rights). 2s 9d 2s tod (2); Morris Hedstrom. 41s Od; N.Z. Paper Mills, 40s lOd; Snowy River. 7s 6d. Dunedin. —Commercial Bank. 19s Id; Australian Foundation. ss. 5s Id; Electrolytic Zinc, 58s. . , scales after hours on the previous day. tPrevious sale cum dividend. WIIANGAREI DAIRY COMPANY PRODUCTION AND PAYMENTS ((.»('.) WIIANGAREI, Tuesday With an output of 3212 tons 13cwt of butter 3:<B tons more than for the previous season, the Whangarei Dairy Company has just completed its accounts for the year ended June 30. The t my-out to suppliers, with deferred pavnient added, will be 17.060 d per lb butter-fat. which, with the farm costs allowance of .757 d per Ih butter-fat, will make a total payment of 17.823 d per lb. The total charges per lb butter-fat to f.o.b. were 2.1(50d, hut with the factory costs allowance tile costs are reduced to 1 S9sd per lb butter-fat. For the past season the average grade of the butter manufactured was 9.3.064. a slight reduction on the grading for the previous season. RESULTS AT KATIKATI INCREASE IN OUTPUT The report presented at the annual meeting of the Katikati Dairy Co. stated that 1230 tons of butter had been manufactured during the past season, an increaso of nearly 52 tons. The average advanco payments over all grades totalled 14.093 d per lb butter-fat, the surplus remaining to be distributed after allowing .054 d per lb for payment of dividends being 1.832(1 per lb. This brought the tola! average pay-out to 16.879(1 per lb. In addition suppliers received the farm cost allowance granted by the Government amounting to .751(1 tier lb over the whole season. . MINING YIELDS Blackwater (West Coast). —Four weeks ended July .14: Crushed' 2717 tons, yielding 130807., valued at £10.979; working expenses, not including ordinary or war duty. £7154; development expenditure. £567; capital expenditure, £298. Slab Hut (West Coast). —Week ended July 21: HOoss, 21.000 yards, 121 hours. 8 Austral-N.Z. (Otago).—Fortnight ended July 22: 18207,, 222 hours. QUEENSLAND NATIONAL BANK The accounts of the Queensland National Bank for the year ended June 30 show a net profit of £78,850, compared with £74,502 in the previous year and £87,67 4 ill 1942 The dividend is raised from -l/, to 4V, pr: cent.