COMMERCIAL

New Zealand Herald, Volume 81, Issue 25022, 12 October 1944, Page 2

COMMERCIAL

AUCKLAND EXCHANGE

GOVERNMENT STOCKS ACTIVE There was a bigger turnover in Government issues ou the Auckland Stock Exchange yesterday, with the market favouring buyers. The 4 por cents were definitely easier and a parcel of 195458'6 with seven weeks' interest accrued since the last sale was transferred 5s lower. An improvement was shown in National Insurances, and Bank of Now Zealands were again in demand at the previous day's rise. Colonial Sugars made a partial recovery. There were more inquiries in the woollen section, and brewery slidres had n better demand.

YESTERDAY'S SALES RETURN ON INVESTMENTS In the following list of yesterday's sales • yields allow for exchango and British mromo tax where necessary, and, in the case of loans. , redemption and brokerage

Also.—Bonds, 15/4/46-40, 4. £102; Wool Bonds, 1/2/49. 19s sd, 19s 4d; ditto, 1/2/48, 20s Id; Bank A'sia (odd lot), £9 6s; Dominion Pictures (odd lot), 17s. Wellington.—Stock, 15/9/57-60, 3Vi, £IOO '2s (id; Sditto. 31/5/54-58, 4, £lO6 15s; ditto, t/8/46, 2'A £99 ss; Bank N.Z., 44s 9d; lUnion Bank, £8 7s; Gear Meat, 25s lOd. Christchurch. —Wool Bonds, 1/2/49, 19s (id (2); National Bank A'sia (con*), £6 ss; Gear Meat, 25s l(>d; Dominion Pictures (odd lot), 17s; Dominion Builders (odd lot), 8s; Whitcombe and Tombs, £6 4s 6d; Woolworths (Sydney), 21s 2d; Snowy River, 7s 7d (2). Unofficial list- -SWhakatane Paper (pref.). 25s 3d. Dunedin. —3rd Liberty Loan, 15/12/53-50, 3, £9B; Wool Bonds, 1/2/48, 20s Id; ditto. 1/2/49. 19s 4d; Bank N.Z., 44s 9d; National Bank N.Z., 555; National Insurance, 24s (3d. tßased on interim dividend at rate per annum. tPrevious sale cum dividend. §Snles after hours on Tuesday. YVESTFIELD SALES BEEF NOT PLENTIFUL Last week's improved values for beef were fully maintained at the fat stock sale held at Westfield yesterday, when the yarding was smaller than usual. Spring lambs were not quoted as high as a week ago, hut values for calves, which were in short supply, rose appreciably. Quotations for sheep and pics showed little or no alteration. Alfred Buckland and Sons. Dalgety and Co. and the New Zealand Loan and Mercantile Agency report:— Beef.—The yarding of beef was slightly smaller than usual. There was a keen demand and last weok's Quotations were well maintained. Values for prime quality light-weights were very firm. Extra choice ox, to £2 3s per lOOlb; choico and prime. £1 19s to £2 '-is; ordinary, £1 15s to £1 IBs; extra prime young cow and heifer, to £1 19s; choice and prime, £1 14s to £1 18s; ordinary. £1 8s to £1 13s; extra heavy prime steers, £l7 to £lB LOs; heavy, £ls 10s to £l6 17s (id; medium. £l4 12s 6d to £ls 7s (id: light. £l3 to £l4 10s; small and unfinished, £lO 10s to £l2 15s; extra heavy prime cow and heifer, £l2 10s to £l3 15s; heavy. £ll to £l2 7s (id ; medium. £9 to £lO 15s; light, £7 to £8 17s Gd; small and unfinished. £4 10s to £6 17s (id. Sheep.—Sheep were penned in average numbers. Tho demand was steady and there was little or no alteration in values. Extra heavy prime wethers, unshorn, £2 to £2 Is; shorn, ill lis 9d to £1 12s Od; heavy, unshorn, £1 18s to £1 19s Od; shorn, £1 10s (id to £1 lis 6d; medium, unshorn, £1 16s to CI 17s »d; shorn. £1 Ss Od to £1 10s :id; liprht, unshorn. £1 14s to £1 15s 9d; shorn, £.l 7s to £1 8s fid; plain and unfinished, unshorn, £1 10s to £1 13s 9d; shorn. £J 2s to £1 6s 9d; extra heavy prime young and maiden ewes, unshorn, £1 10s to £1 16s 6d; shorn, 18s to 19s; heavy, unshorn, £1 7s to £1 8s 6d; shorn. 17s to 17s Od: medium, unshorn. CI 5s to £1 6s Gd; shorn, 15s to 16s Od; light, unshorn, £1 3s 3d to £1 4s 9d ; shorn 12s to 14s Od; just killable, unshorn. 16s to £1 3s; shorn. 9s 3d to lis Od; others, unshorn, 10s lo 15s; shorn. Is to Os. Lambs.—Spring lambs were penned in larger numbers and values were easier. Best spring lambs, £1 17s to £2 Os Od: medium, ! £1 12s to £1 His; light. £1 8s to £1 Ms; smaller, £1 Is to £1 7s. Calves.—There was a short yarding of calves Good quality vealers were in very keen demand, and values showed a further rise on recent quotations. Runners also sold well at improved rates. Thinners. £6 10s to £ll 12s (id; heavy vealers, £8 to £9; medium, £6 to £7 10s; light. £1 10s tt> £5 15s; small, .CI 5s to £4 ss; unfinished and bucketfed. £1 to £2; bobby and rough, 5s to £l. Pigs.—The yarding of fat pigs was an average one. Stores were in short supply, with prices on a par with • late rates. Choppers, £2 17s (id to £6 2s (id; heavy prime baconers, £5 4s to £5 12s; medium, £4 10s to £5 28: light, £4 to £4 8s; heavy porkers, C 3 12s to £4; medium, £3 5s to £3 10s; light, £2 15s to £3 3s; stores, £2 lOs to £3 4s; slips, CI 18s to £2 ss; weaners. £1 to £1 16s. SYLVIA MINE OPERATIONS Reviewing operations of tho Sylvia Mines Consolidated Co. at the annual meeting the chairman, Mr L N. Jacka, said that work had proceeded without interruption as planned and the company's needs in the way of men and material had been fairly met. At no time since the inception of the company had there been any shortage of funds for mining operations. Water draining from the reef area was being easily handled and it appeared that the stored-up water had been reduced to slight proportions. As ore accumulated from the reef and from Ihe leader cut in the No. 6 level (-.rushing* would be made in Thames and it would be possible to handle appreciable quantities pending the installation of the company's j own treatment plant. The company's finances, he said, were in a thoroughly healthy condi- j tion and the directors looked forward to the : future of Ihe. mine with confidence. '

CLOSING QUOTATIONS Buyers Sellers .1 s (1 £ s d Bank Australasia !) 0 0 — •Com. Bank A list. 0 17 11 0 18 3 Nat. Bank N.Z. . . — •j 15 0 Bank N.S.W. 35 0 0 3(1 0 0 Bank New Zealand 2 4 9 4 10 Union Bank Aust. 8 (i 0 S 8 0 National Ins. 1 ■1 ■1 — Now Zealand Ins. 4 0 0 I If) 0 South British Ins. 3 1<> <) 3 18 <) Dom. Invest. — 1 -1 0 Do. (B shares) . — 1 4 0 Far. Auct. (£2 pd.) 1 14 0 1 10 9 Goldsbrough Mort 1 11 0 1 12 0 Newton King (pf.) 1 3 0 1 4 0 N.Z. & Kiver Plate 0 19 0 — N.Z. Guarantee . . 0 3 10 0 4 0 N.Z. Loan &■ Merc — 74 0 0 Ditto (pref.) — 110 0 0 N.A. Far. (B pref.) 0 17 0 0 18 6 Traders' Fin. (con.) 0 6 8 0 7 0 U.P. Bldg. (Auck.) 1 3 0 1 4 0 Renown Coal (pf.) Taupiri Coal (ord.) 0 0 8 0 3 1 1 8 6 1 11 0 Westport (f.p.) .. 1 6 3 0 — Auckland Gas 0 7 0 8 3 Ditto (con.) 0 3 1 0 3 7 Northern Steam .. 0 10 0 0 10 9 Ditto (con.) 0 0 6 0 3 0 Kauri Tbr. (f.p.).. 1 7 6 1 8 6 National 0 8 0 0 0 0 Rotoiti <f.p.) 0 8 0 0 9 IS 6 Felt and Textiles *2 15 0 0 0 Kaiapoi (f.p.) — 1 3 8 <; Ditto (eon.) — 0 (> Oamaru Wool 1 7 (i 1 !l :s Tiniaru Wool . . I O 0 1 (» Dom. Brew, ford.) 2 1 0 0 5 0 New Zealand Brew 2 2 0 2 2 <; 0 Auck. Laundry () 17 0 0 19 Aust. Con. Indust. 0 18 0 •— British Tobacco . . 2 8 9 2 9 3 Broken Hill Prop. 2 5 1 2 5 6 Burns, Philp 3 5 0 — 0 By croft — 0 2 15 Claude Neon (N.Z.) 1 8 12 50 — Colonial Sugar . 50 0 15 0 Consol. Brick 0 10 2 0 '10 4 Rlec. Zinc, (pref.) 2 10 0 2 17 3 9 Farmers' Trading 1 5 0 1 0 Fletcher Hold. 1 5 0 1 6 0 Ditto (new) .. 1 5 0 1 0 0 0 Caro's Stores 1 4 3 1 5 G. J. Coles 3 8 0 — Henry Jones 0 10 0 2 14 0 6 H.M. Theatre 0 14 6 0 15 Cant. Frozen Meat 14 10 0 0 11 0 K.D.V. Boxes 0 10 7 McKendrick (pref.) 1 6 (ex div.) 4 ~ 0 10 0 0 3 McKenzies — 3 0 4 M.K. Manufacturers — 9 Morris Hedstrom. . 4 0 - N.Z. Farm. Fert. 1 1 5 N.Z. Forest (ord.) 0 6 8 0 7 Ditto (pref.) 0 in <1 0 0 N.Z. Newspapers 2 1 3 2 - Peters Ice (N.Z.) 1 6 0 1 18 8 9 <i Radio (1036) ■ • Reid "Rubber Mills 1 "7 9 3 Robinson Ice 1 0 0 1 c 6 0 3 Sanford (ord.) 0 8 0 0 Ditto (pref.) 1 2 G 6 4 6 19 1 Whittome-Stovenson 1 •I 1 0 6 0 Wilsons Cement 0 18 0 Woolworths (N.Z.) — 0 1 Ditto (Syd., f.p.) 1 1 1 1 10 12 0 11 s 15 0 0 Wths. Hlds. (S.Af.) Arahura 1 11 3 0 O 1 1 0 1 0 93 Martha Nrount Lyeil ■ • 0 1 9 11 9 0 Mt. Morgan ford.) 0 7 9 War Loan. 1/10/53 03 10 0 0 Stock— 15/9/47, IVi ■ ■ 15/0/47-40, -'A ■ 15/0/52-55, 3 , . . 15/5/53-56, 3 . . 08 07 07 O 0 0 0 0 0 98 07 97 08 98 102 105 7 10 10 10 5 5 15 6 0 0 0 0 0 0 15/12/53-56, 3 . 15/4/46-40, 4 l,i/6/52-55, 4 . . 102 105 0 0 0 0

AUCKLAND EXCHANGE Sale Price , Rife or C s M Fall £ 2nd Liberty Lu. 15/5/53-56, 3 (2) . . »8 5 O — 3 Yielrt s d 5 0 1 ntk.. i.i' L/O.S-,-.7, 3V; 102 Ditto, 31/5/5458, 4 • 106 Ak. Gas, perp. deb., 3Va • 87 Xnt Inscfi. 1 Dalgety . . S Broken Hill . 2 Col. Sugar (2) 56 Elec. Zinc (pf.) 2 N.Z. N'papers 2 Sanford 0 2 15 10 4 t) 5 15 16 1 8 6 0 0 6 0 6 0 6 9 3 -59 + 3(1 -Is +58 t +l l Ad -fid 3 3 3 3 tl 2 2 +2 3 5 5 3 6 3 1» 0 1 3 16 1 4 0 If) 11 16 7 3 10 1 0