COMMERCIAL

New Zealand Herald, Volume 81, Issue 25048, 11 November 1944, Page 5

COMMERCIAL

AUCKLAND EXCHANGE BANK SHARES ACTIVE A moderate volume of business was recorded on the Auckland Stock Exchange yesterday, with more fluctuations in prices than usual. Buyers bid freely for Bank of New Zealand shares, which sold up to 4-fs 9d, after which sellers withdrew. Nationals of New Zealand reflected the easier trend lor tins scrip ju a transfer is 3d down at 63s ( Jd. In Government issues tho ouly sale was of the Victory Loan, which at i'Jti 17s (id showed a slight easing. CLOSING QUOTATIONS

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 or loans, redemption and brokerage:— AUCKLAND EXCHANGE Sale Price Rise or Yield £ s d Fall £ s d

Also.—National Bank N.Z., 53s 9d (odd lot); Wool Bonds, 1/2/40, 10s 2d. Wellington.—gVictory Loan, 15/2/55-58, 3, £HO 17s Od. £O7; ditto. £9O 17s Od; Ist Liberty Loan, 15/0/47. 2i4. £OB 2s Od; Bank N.Z., 15s, -lis; British Tobacco. 48s 0(1. Christchurch. —§ Victory Loan, 1.5/2/55-58, 3, £O7 (2); Stock, Kj/5/49-52, 4, £lO4 7s Od; N.Z Breweries, 42s 0(1; Booth, Macdonald (prcf.), Os; Colonial Sugar, £57 (2); Hume Pino (Australia), 10s Od ('_>). Unofficial list: Selfridges (N.Z.), 15s. -« Duncdin. —3rd Liberty Loan, 10/IQ/oa-ob, .•{ toft IOs; Wool Bonds, 1/2/48, 208 2( ; ditto, 1/2/10. 10s 2d; N.Z. Breweries. 42s Od; Woolworths (Sydney), 20s 10d. tßased on interim dividend at rate per annum. {Previous sale cum dividend. Sbales after hours on Thursday. MOUNT LYELL PROFITS DECREASE IN DIVIDEND The net profit of Mount Lyell Mining and Railway Co., Ltd., for the year ended September 30 shows a sharp fall. At £109,200. it is a decrease of £50,032 on the year. Dividend is Is Od a share (7 l / a per rent), against Is Od a sluire for the previous three years. The final dividend of Is includes Oil a share exempt from income tax in shareholders' hands. Last yrnr's dividend was wholly taxable. The amount required is £110,250, exceeding the profit by £7041. The credit balance brought into the accounts was £105,709. UNION OIL ACCOUNTS The accounts of the Union Oil, Soap and Candle Co. for the year ended September 30 show a net profit of £3414, compared with £3485 last year and £3850 in 1042. With £587 brought in, there is £4OOI available. As already announced, the directors recommend a final dividend of Od a share, making Is for the year (unchanged). The total dividend requires £3750, leaving £251 to be carried forward. Gross profit was £IB,OOI, compared with £10,316 in the previous year. The report records with regret the death of Mr David Nathan, whose place on the board was filled by the appointment of Mr W. W. Warnock. The retiring director, Mr G. R. Hutchinson, is nominated for re-election. Balance-sheet items, with last year's figures in parentheses, are:—Liabilities: Capital, £OO,OOO (same); creditors, including taxation, £20,050 (£34,720); general reserve, £13,018 (£12,086); P. and L. account, £2126 (£2402). Assets: Slock, £30,818 (£38,782); debtors, £17,131 (£20,815); investments, £12,231 (£15,231); properties and plant. £37,283 (£35,580); total assets, £104,420 (£110,107). LEYLAND-O'BRIEN CO. The accounts of the Lcylawl-O'Brien Timber Co. for (lie year ended .September .'!(> show a net profit of £5738, compared with £<ioso last year and £O3OB in 1012. Willi the balance' brought forward, £22,802, there Is £28,000 available, from which it is proposed to pay an unchanged dividend of Is a share, requiring £OOOO, directors' honorarium £175, and to carry forward £22,125. Gross profits totalled £10,125, against £41,278. The retiring directors, Messrs J. M. Elliffo and A. Leyland, are nominated for reflection. Chief items in tho balance-sheet, with last years figures in parentheses, arc;— Liabilities: Capital £OO,OOO (same); reserve, £30,000 (same); taxation, £12,300 (same); creditors. £3201 (£3371): P. and L. account, £28,000 (£20,802). Assets: Properties and plant. £15,170 (CIO.217); mortgages and debentures, £08,355 (C 73.518); stork, Cill3 (£0458); debtors. £7433 (C 7095); war loan. C 14,000 (same); cash, £10.503 (£15,085); total assets, £104,311 (£ I <>5,705). SECURITIES IN LONDON LONDON, Nov 0 Quotations in London for British and NewZealand stocks compared with recent levels a r« •

■outers ociicta £ a il Jt a u wank Australasia . 0 2 0 0 5 0 cum. JtJank Aus. U IV 10 0 IS 0 .uitto pm.) 10 0 0 11 0 0 Cum. baiiK byu. — 21 15 0 i, u'ua A. r>K. 4 4 0 — -sat. Bank 2 13 y •2 14 0 iia/ik N.S.W. 34 10 0 35 12 0 Uauk New Zealand 4 10 Ditto (D rnort.) 1 13, 6 National Insce. .. 1 6' 0 New Zealand insce. 4 6 3 4 7 0 Sth. Britisn insco. 3 ID 0 3 16 0 Dalgety .. 8 5 0 Dom. X. and B. — 1 4 0 t .C.A. (£5 paid) 4 10 0 5 0 0 Ditto (£2 paid) 1 14 0 1 17 0 Do. (B cum pi.) JL 5 0 1 5 7 Coiusbrougn Mori . 1 11 0 1 12 0 Newton King (pf.) 1 3 0 1 4 0 iN.Z. Guar. (I.p.) 0 3 10 0 1 3 N.A.F. (B pref.) — 0 Its 0 Trailers' tin. (.con.) ' 0 ti 0 0 7 ■2 •PuKemiro Coal .. 0 18 0 0 10 0 Kenown (ord.) 0 10 3 0 11 0 Ditto (pref.) 0 2 8 0 •j 11 Westport (f.p.) .. 1 1U U — Auck. Gas (f.p.) 0 7 7 0 7 0 Ditto (con.) 0 3 0 0 3 4 Devonport Ferry . JL 11 0 1 12 6 Howard Smith .. 1 5 0 1 5 0 Northern Steam .. 0 10 t> 0 10 10 Ditto (con.) 0 2 0 0 3 0 Kauri (f.p.) 1 7 0 1 8 3 Leyland O'Brien 1 4 3 1 5 0 Kotoiti c 10/- f.p.) 0 8 3 0 10 0 Taupo Tot lira (ora.) 0 8 3 0 8 0 Ditto (10/- f.p.) — 0 11 0 Bruce Wool (ord.) 1 12 0 1 15 0 Kaiapoi (con.) 0 7 (> 0 8 0 . . II 0 0 — Wellington b 0 0 0 0 Doiii. Brew. iord.) •J 1 i> 2 G 0 1 nik's lord.) ■* . . 1 11 0 I i(i <; New Zealand Brew. 2 ■J 3 •2 3 3 Auck Laundry .. . U 17 (i 0 10 6 Aus Con. Jndust. 2 18 Ij .— Aus. Gypsum British Tobacco .. 1 0 0 1 2 0 2 8 0 — Broken llill Ply. 2 1 t> 2 5 0 Byeroft '2 lo 0 2 14 o Claude Neon (N.2.) 1 0 G —- 0 Colonial Sugar .. 5(i 0 0 57 0 Con. Brick 0 10 0 0 10 8 Farmers' Trading . I 5 9 1 1 6 3 Fletcher Hold. .. 1 5 11 6 0 Ditto (new) 1 Tj 3 1 5 0 Ditto (pref.) .. 1 0 0 1 0 0 Caro's Stores 1 4 0 1 5 0 Gear Meat (f.p.) — 1 6 3 G. J. Coles 3 8 6 3 0 (5 H.M Theatro .. 0 14 0 0 15 6 Ditto (pref.) .. 0 18 0 1 o 6 Hume Pipo (Aus.) 0 10 0 1 0 I 0 Iv.D.V. Boxes (f.p.) 0 11 0 12 0 Mricduffs (ord.) . . 0 16 0 0 17 0 Ditto (cum pref.) — 1 3 0 0 McKenziea 3 0 0 3 13 0 Macky, Logan 1 11 3 1 3 11 M.K Mtifrs. (f.p.) 0 7 6 0 7 N Z. Drug (f.p.) 4 18 0 5 1 0 N.Z. Farm. Fert. 1 4 0 1 5 0 N.Z. Forest (ord.) 0 7 0 0 7 3 0 Ditto (uref.) .. 0 10 0 0 12 N.Z. Newspapers . o 1 3 o 2 0 Northern Roller .. \ 1 0 1 2 0 Radio (1930) 0 IS 0 0 10 0 Reid Rubber 1 ' 8 0 1 0 0 San ford (ord.) .. 0 8 3 — 0 Ditto (pref.) .. 1 2 0 1 4 Selfridges (A'asia) 1 6 0 1 8 0 Silknit (N Z.). Ltd. 1 4 0 1 0 0 Wilsons Cement . . 0 18 3 0 18 6 Woohvorths (N.Z.) 1 0 10 1 1 1 Ditto (Props.) .. 1 8 3 1 10 0 Ditto (Syd.) .. 1 0 8 1 0 11 Waihi Invests. .. 0 5 fl 0 5 11 7 Mount Lycll .. 1 11 6 1 10 Mt. Morgan (ord.) 0 7 0 0 7 2 Stock — : 15/0/47-49, 2y a . 07 5 0 97 10 0 15/12/53-56, 3 . OS 5 0 98 10 0 15/4/60-C3, 3 . . 00 0 0 07 0 0 15/2/55-58. 3 .. 90 17 6

Victor j Loan, t 15/2/55-58,; a 3 3 (2) ■ • 9ti 17 « —2s 6d 5 4 Bank N.Z. . 2 4 0 t 3 2 11 Ditto 2 4 9 t 3 2 6 Corn Bank . 0 17 11 -Is 3d 3 14 5 Nat. Bank N.Z o 13 9 o 17 0 Farmers' Auct. 5 0 0 t 4 0 0 Lc.vland-O'Brien (2) . 1 4 6 — 4 1 8 Do in. Builders 0 S 0 +is (i 5 0 Col Sugar . 57 0 0 — 2 Id 2 Macky. Logan t3 15 0 (2) 1 12 0 — Radio (1930) 0 18 t> — 4 1 1 W'wths (N.Z.) 1 1 0 -T/jd 2 7 8 W'wtha (Syd.) 1 0 10 -2(1 2 17 7

are:— Oct. 26 Nov. 2 Nov. f) Consols, 2Va p c. £79'/ a 112% i80 l 4 £80% Funding, GO-OO, 4 1 13% 113% War Loan, 3'/ a .. 103% 103% 104 British 3M> Conver. 104%. 101% 105 Victory Bonds 113 113% 1 ia'/j New Zealand — I(10",„ Itm, a . 100*4 100% 1IH8-V?, IV 3 .. 10.*,%, l ()■"»% I O.V Government issues :ire rather Ic.ss active