COMMERCIAL

New Zealand Herald, Volume 81, Issue 25029, 20 October 1944, Page 2

COMMERCIAL

AUCKLAND EXCHANGE BIDDING NOT SO KEEN Bidding was not so keen on the Auckland Stock Exchange yesterday, but an average turnover was effected, with values generally steady. The banking section was again the centre of activity. Unions made further improvement, but New Zealands were a trifle easier, a substantial parcel being transferred at the last call at 44s 9d, a drop of 2d. In Government issues a parcel of 3rd Liberty Loan 3 per cents changed hands at an advance of 2s (Jd, the first rise for some time. Jn the unofficial section buyers of Wilton Collieries, which have been purchased by the Government, offered 21s for the £1 shares, sellers asking 255.

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 Sale Price Rise or Yield £ s d Fall £ 8 d 3rd Liberty Ln., 15/12/53-50, 3 . 98 2 6 +2s 6d 3 4 9 Stk., 15/1/5357. 3 1 /, . . 102 2 6 Auckland Gas, p. deb, 3V, 87 10 0 Bank X.Z. 2 4 9 -2d 3 2 6 Bank N.S.W. 35 10 0 Com. Bk. (pf.) 10 15 0 Union Bank . 8 7 6 4-6 d 3 2 8 South British 317 0 Dom. Invest. 14 0 Caro's Stores (pref.) .. 14 6 Col. Sugar . 57 0 0 A.C.I. • . 218 0 +6d 2 6 6 N.Z. N'papers 2 19 ft ft 10 Sanford .. 0 8 3 W'wths Hldgs. 110 0 -iy a d 116 0 Wwths (N.Z.) 10 11 Also.—Newton King (pref.), ex div., 23s 6d; Dominion Breweries (odd lot), 45s;,Reid Rubber (cun.), odd lot. l'is Od; Kanieri, 20s. Wellington,—Mrd Liberty Loan, 15/6/47-19, 2'/a, JCW7 ss; Bank N.S.W., £35 10s; § Booth, Macdonald (pref.), 9s; JBroken Hill Pty., 45s 6d; Colonial Sugar, £57; SWoolworths (Sydney), 2ls. Christchureh.—P. and O. deferred stock, 52s (2); Guarantee Corporation, 3s lid; Kaiapoi Woollen (con.), 7s Od; Westport Coal, 275; Westport-Stockton, Is 6d (5); Broken Hill Pty., 45s sd; Alloy Steel (N.Z.), Sis; Canterbury Farmers' Co-op., 225; SReid Rubber (con.)! odd lot, 16s 6d; Broken Hill South, 27s 4y a d; Grey River, 12s (2); Maori Gold, 2d (3); Snowy River, 7s sd. Dunedln.—Bank N.S.W., £35 10s; N,Z. Newspapers, 41s fid; P. and O. deferred stock. 525. Unofficial list: John Fuller and Son debentures, 1/3/59, 4%, £93 10s. JSubject to security taxes. JSales after hours on Wednesday. GUARANTEE CORPORATION The accounts of the New Zealand Guarantee Corporation, Ltd. (Wellington), for the year ended August 31 show a net profit of £4382. compared with £4170 last year and £4128 in 1912. The directors propose a dividend of iy 2 d a share, free of security taxes, equal to 4 1-6 per cent (unchanged), absorbing £4425. and leaving £3862 to be carried forward, against £3905 brought in. The report states that business duringfl-he year was considerably restricted. MINING YIELDS Gold fields of N.Z. (West Coast).—First half of October: Barrytown, 231 oz, 73,000yd5. 212 hours; Kanieri, 4990z, 75,000yd5, 227 hours; Arahura, 1098oz, 127,000yd5, 252 hours. Blackwafer (West Coast).—Four weeks ended October fl: Crushed 2453 tons, yielding 105407., valued at £8854; working expenses, not including ordinary or war duty, £7180; development expenditure £6-12 and capital expenditure £272. DIVIDENDS DECLARED The directors of the Farmers' Trading Co. have authorised payment of the interim 1945 dividend ori A, B and C preference shares on November 30. On the A and B shares the rate is 7 per cent per annum, less the 20 per cent deduction under the Interest Adjustment Act. On the C shares the rate is 5 per cent per annum. The rates are unchanged. A.C.I. (Melbourne).—lnterim preference 4 1 / 2 per cent, ordinary 3% per cent (both unchanged); books close November 15.

CLOSING QUOTATIONS Buyers Sellers £ s d £ s d Bank A'asia — 10 0 0 0 Com. Bank Aus. 0 17 0 18 0 Com. J3arik Syd, — o o-> 5 0 E., S. and A. Bk. 4 0 — 3 Nat. Bank N.Z. *) 14 0 <2 15 Bank N.S.W. 35 5 0 35 15 0 Bank New Zealand 2 4 8 2 4 10 Union Bank Aus. 8 (i 0 — National Insee. .. 1 4 0 — 0 New Zealand lnsce. 4 8 4 0 Sth. British lnsce. 3 10 0 3 17 3 Dom. 1. and B. . 1 3 0 1 4 0 0 F.C.A. (£<> paid) 4 10 0 5 7 Ditto U'2 paid) 1 14 0 1 18 J 'J 0 0 (i Goldsbrough Mort . 1 11 (1 1 0 N.Z. Guar, (f.p.) 0 3 10 4 N.A.F. (B pref.) 0 0 0 18 0 Traders' Fin. (con.) 8 0 1 <j Untd. P.B. (Auek.) .1 3 0 1 4 Pukemiro Coal 0 18 <; ' 0 Benown (ord.) 0 10 3 }) 12 Ditto (prof.) 0 2 3 1 L 8 0 0 Tiiupiri (ord.) L 8 0 Auck. Gas (f-P.) 0 7 0 Ditto (eon.) 0 3 2 3 9 Howard Smith . . 1 5 0 o Northern Steam .. 0 10 3 10 10 8 11 9 0 9 0 0 0 0 3 0 Ditto (con.) >2 2 Kauri Timber 0 1 Le,viand O'Brien 4 o 0 5 8 1 National .. 8 0 Parker, Lamb 3 H 0 Botoiti (f.p) • ■ Taupo Tot. (ord.) 0 8 9 0 0 0 0 14 0 8 3 Bruce Wool (ord.) — 1 1 1 Kaiapoi (17/- f.p.) Oamaru . . 1 ~7 0 3 9 Jiallins Brew. Dom. Brew, (ord.) 0 17 4 0 3 n 5 2 19 0 9 0 New Zealand Brew. 2 2 0 2 Auck Laundry 0 17 0 0 Aus. Con. Indust. British Tobacco . . 2 17 0 2 18 0 0 3 0 0 0 0 8 (i 0 10 9 G 2 8 (i - Broken Hill Fty. o 5 3 0 0 2 5 15 12 Bycroft • • _ • Claude Neon (N.Z.) o 10 8 TL Colonial Sugar . . Con. Brick 50 0 17 .10 0 o 57 0 5 10 Dental & Medical 1 >2 0 1 3 0 Farmers' Trading . 1 0 1 1 1 Fletcher Hold. 1 5 4 'j Ditto (new) X 5 0 1 Caro's Stores — 0 0 1 o Ditto (pref.) .. Gear Meat (f.p.) G. J. Coles 1 3 4 8 1 3 0 0 14 15 7 11 15 9 0 0 9 0 0 3 0 0 10 0 Henry .Tones Co-op. H.M. Theatre I.C'.I. (pref.) (5 1 11 14 0 0 0 0 1 K.D.V. Boxes (f.p.) Macky, Logan . . 0 1 11 10 0 0 0 1 M. and C. (deb.) 1 7 0 1 0 M.K. Mnfrs. (f.p.) 0 7 4 0 7 N.Z. Farm ■ Fert. 1. 4 1 0 5 N.Z. Forest (ord.) 0 (5 0 ' *1 Ditto (pref.) .. 0 10 0 r» 0 f> 0 9 0 N.Z. Newspapers . 2 1 8 3 3 2 J s Keid Bubber 1. 1 1 Sanford (pref.) 1 2 0 4 6 Silknit (N.Z.), Ltd. 1 4 9 Whit tome-Stevenson 1 4 0 0 10 Wilsons Cement . o 18 O 3 3 Woohvorths (N.Z.) 1 0 10 1 1 13 Ditto (Syd.) .. 1 0 10 0 Arahura .. 1 11 0 Kanieri .. .. 1 0 0 7 9 0 Martha . .• 0 0 0 0 7 Waihi Invests. 0 5 6 0 5 8 F.mperor 0 14 0 0 0 0 1 1 14 0 9 9 0 0 Loloma Mount Lye,11 1 1 1 11 11 Mt. Morgan (ord.) 0 6 0 7 0 War Loan, 1/10/53 03 0 0 94 Stock--"J 5/9/47, 2% .. 15/5/48, 2V, • • 08 0 0 08 2 0 07 17 0 98 10 0 15/0/47-10, IK . 07 0 0 102 10 0 15/1 /53-57, 3Mi . 102 0 O 15/4/40-40. 4 .. 100 0 0 100 7 0 15/0/52-55. 4 . . 105 5 0 100 0 0 Wool Bonds. 1/2/48 1 0 1 1 0 3 Do.. 112/40 . . 0 10 0 0 19 2 Lib. Bonds. 15W40 1 0 0 1 0 G