COMMERCIAL

New Zealand Herald, Volume 81, Issue 25050, 14 November 1944, Page 2

COMMERCIAL

AUCKLAND EXCHANGE BANK OF N.Z. SHARES RISE When the Auckland Stock Exchange resumed business yesterday there was keen bidding for Bank of New Zealand shares, and sales were made at 45s 9d, a rise of Is on Friday's price. The market closed a shade easier, with sellers still in at the sale price and buyers 6d lower. Otherwise the banking section was steady. Auckland Gas shares weakened with transfers 2d down at 7s 7d, the lowest price since May. The market for Government stocks was steady and the Victory Loan 3 per cents recovered to Wednesday's price, £97.

YESTERDAY'S SALES RETURN ON INVESTMENTS In the following list of yesterday's sales yields allow for exchange and British inco™ 6 "tax where necessary, and, in the case of loans, redemption and brokerage: AUCKLAND EXCHANGE Sale Price Eise or Yield £ s d Fall £ s d

A Un—Stock 15/4/40-49, 4, £IOO 123 0d; Forest Products, 7s 0 1 / 2 d; Hadfields SteellOs. Wellington.—3rd Liberty Loan, 15/6/4749, 2'/a, £97 7s 6d (2); War Loan, 1/10/.'>3, 2y a , £o3* 15s; § Stock, 15/9/0.-60, •}/<, „ £ ' ( '° 7s 6d; Bank N.Z., 40s; Commercial Bank. 17s lid; Bank Im.Z., 9d; Wellincton Gas 32s 9d; A.C.L, s&s 6d; British Tobacco. 48s 6d (2); Broken Hill Pty., 44s 9d; Taranaki Oil Fields, 2s. K »<->/-e - a Christchurch. —Victory Loan, 15/2/55-58, ■A £97- Bank N.Z.. 4Gs; Permanent Investment £ll 10s (odd lot); N.Z. Breweries, 42s 7d;K D.V Boxes, 12s; Blackwater Mines. 19s 3d; Associated Gold Dredges, 6s. Dunedln.—lst Liberty Loan, 15/9/47, 2/i, £9B ss; 2nd ditto, 15/5/48, 2/a, £OB 3rd ditto, 15/12/53-56. 3 £9B 10s (2); §Vic torv Loan, 15/2/55-58, 3, £97; §Bank VZ., 40s (2); A.C.1., 583 6d; Big River, sd. SSales after hours on Friday. WOOL APPRAISAL TRANSPORT RESTRICTIONS The second appraisal of the 1914-45 Auckland wool season will commence at the Parnell stores tomorrow, when a catalogue of approximately 20,000 bales will bo submitted. At the corresponding appraisal last season 15.520 bales were dealt with for & realisation of 13.73 d per lb and an aggregate of £312,888. The wool to be offered t-omorrow. according to Mr H- Duke, chairman of the Auckland Woolbrokers' Association, is lighter in condition than last year, but shows superior growth, a result of more favourable climatic conditions. in regard to transport, Mr Duke said that a slight delay had occurred in the transfer of last season's wool to outsido stores. This had necessitated an embargo being placed on the carriage of wool to Auckland by sea, rail or road transport. This stoppage would facilitate the work of the woolbrokers during the appraisement, and would lessen the likelihood of delay in transport at a time more inconvenient to growers generally. It was not expected that the stopping of wool transport would be of long duration, and the association would arrange for the lifting of the restrictions at the earliest opportunity. SANFORD ACCOUNTS The accounts of Sanford, Ltd., for the year ended August 31 show a net profit of £4156, compared with £3314 last year and £3207 in 1912. With £lB2 brought forward, there is £4338 available, from which the directors recommend dividends of 5 3-5 per cent on preference shares, taking £ll2O, and Od on ordinary shares (last year s a), requiring ,e2U2r>, both dividends free of security taxes, leaving £593 to bo carried forward. Gross profit was £27,388, compared with £15,174 last year. The retiring directors, Messrs A. F. J agger and J. Sayegh, are nominated for reelect ion. Chief items in the balance-sheet, with last year's figures in parentheses, are:—Liabilities: Capital, £59,375 (same): reserves, £2750 (£2000); creditors, including taxation and provision for deferred maintenance, £17,803 (£9870); P. and L. account, £4338 (£3489). Assets: Buildings, property, plant, etc, £22,183 (£20,951); war loans, £7917 (same); mortgages and investments, £3775 (£3797); stock, £BOSO (£4771); debtors, £30,914 (£21,390); cash, £10,788 (£15.574); total assets. £81,260 (£74,734).

MINING YIELDS Clutha Dredge (Of-'iRO). —Week ended November 10. lS2oz, 10!2 hours. DIVIDEND DECLARED Parker Lamb Timber Co. —Interim dividend, 3 per cent (unchanged); payable tomorrow GRAIN AND PRODUCE The following is the official wholesale market report of the Auckland Grain, Seed and Produce Merchants' Association:— Wheat.—Rates for ex store deliveries are 7s 4d to 7s fid a bushel, with limited stocks in the meantime. Oats.—Stocks are very low, and only nominal rat<?s apply. Chaff.—The market, is steady, with reenter shipments arriving. Prices remain at £l*l to ,£!"> a ton. Maize.—Nominal rates remain at 7s (3d to Ss a bushel.

Barley.—Stocks are very small. There is no alteration in rates, which are fjs 2d In fls 5d a bushel for clipped, and 5a 4(1 to 5s fid for undipped. Barloymeal.—Small storks only are available ex store, fit £ll to £l2 10s a ton. Stockmeal.—Good storks are available from store at £ll 2s 3d to £ll 17s 6d a ton.

CLOSING QUOTATIONS Buyers Sellers £ S (1 £ s d Bank Australasia . — 0 4 0 Com. Bank Aust. . 0 17 10 0 17 11 Ditto (C. pf.) . 10 0 0 11 0 0 Com. Bk. Sydney . — 21 15 0 E., S. and A. Bank 4 •1 0 — Nat. Bank N.Z. . . 2 13 0 o 14 0 Bank N.S.W. 31 15 0 35 15 0 Bank N.Z. 2 o 3 2 5 9 Ditto (D Mort.) — 1 13 (i National Insco. .. — 1 5 0 N.Z. Insurance 4 6 0 4 7 6 Sth. British Insco. 3 15 3 3 l(i 0 F.C.A. (£5 pd.) . -1 19 O 5 2 0 Ditto (£2 paid) 1 14 6 1 17 0 Newton King (pf.) 1 3 0 1 4 0 N.Z. Guarantee 0 3 10 0 4 3 N.Z. Loan & Merc. — 75 0 0 Trad. Fin. (con.) . 0 6 G 0 7 2 Wilcox Mofflin .. 0 12 3 0 14 0 Pukemiro Coal .. 0 18 0 0 19 3 Renown 0 10 3 0 11 0 Ditto (pref.) .. 0 2 8 0 2 11 Auckland Gas .. 0 7 4 0 7 7 Ditto (con.) 0 3 0 0 3 3 Devonport Ferry . 1 10 0 1 12 0 Howard Smith .. 1 5 0 1 5 9 Northern Steain .. 0 10 6 0 10 10 Ditto (con.) .. 0 2 0 0 3 0 Kauri Timber .. 1 7 0 1 8 3 Leylatid-O'Brien 1 4 3 1 5 0 Parker Lamb 0 3 0 0 4 0 Botoiti 0 8 8 0 10 O Taupo Totara (ord.) 0 S 3 0 8 9 Bruco (ord.) 1 12 0 1 14 0 Kainpoi (con.) 0 7 (> 0 S 0 2 'Wellington 8 0 0 0 0 Dom. Brew, (ord.) . 2 5 0 o (i » limes (ord.) 1 11 0 1 l(i (i N.Z. Breweries . . 2 2 <) 2 3 Aui'k. Laundry .. <> 17 <> 0 10 (> A.CM. (ex div.) . . 2 17 0 — Broken Hill Pty. . a ■ 1 a o 4 !) Burns, Philp (ex div.) 3 5 o — Claude .Venn (X.Z.) 1 0 (> — Colonial Sugar — 57 0 0 Con. Brick 0 10 0 0 10 9 Electro. Zinc (C. pf.) 2 1(> a 3 0 0 Farmers' Trading . 1 5 0 1 (> (> Fletcher Hold. .. 1 5 10 1 0 0 Ditto (now) .. 1 5 3 1 5 0 Ditto (pref.) .. — 1 0 0 Caro's Store .. 1 4 0 1 r> 0 Gear Meat t • — 1 6 3 G. .T. Coles 3 S 0 '3 0 ft H.M. Theatre 0 14 6 0 15 c> Ditto (pref.)' .. o 18 0 1 2 0 Ilumo Pipe >. 0 19 0 1 1 0 K.D.V. Boxes 0 11 11. 0 12 0 Marduffs (ord.) o ie 0 0 17 0 McKenzies 3 0 0 3 4 0 Macky Logan 1 ii o T 13 o M.K. Manufacturers 0 7 0 0 8 0 N.Z. Fertilizer 1 4 0 1 0 Ditto (C. pf.) . 1 5 o 1 7 n N.Z. For. Prod, (ord.) 0 6 10 0 7 4 Ditto (pref.) 0 11 n o 12 0 N.Z. Newspapers . 2 1 3 2 2 0 o N.R. Milliner (ord.) 1 1 0 1 2 ■Radio (io3n) 0 IS 0 0 10 0 "Reid Tfuhber 1 S 0 1 0 0 Sanford (ord.) 0 8 4 — 0 0 0 Ditto (pref.) .. 1 o 0 1 4 Selfridges (A'sia) . 1 6 0 1 8 Silknit (N.Z.) .. 1 4 « 1 Ct Union Oil 1 7 0 1 0 IS 0 Wilsons Cement 0 IS 3 0 6 2 0 11 Woolworths (N.Z.) 1 0 0 1 1 Ditto (Props.) . 1 8 3 1 10 Ditto (Syd.) .. 1 0 f> o 1 0 Martha o 0 0 0 3 Waihi Invests. .. 0 5 5 o 5 8 0 3 0 Mount Lyell — 0 1 11 Mt. Morgan (ord.) . 0 7 0 ' War Loan. 1/10/53 03 15 0 04 Stock— 15/6/47-40. 2% 07 5 0 07 10 0 0 0 0 0 0 0 0 0 3 3 15/0/52-55, 3 .. 07 10 0 OS 15/5/53-5R. 3 . . OS 10 0 08 15 10 o 0 0 15/10/53-5(5, 3 . 15/2/55-58, 3 15/1/5B-59. 3V A . OS OR 100 5 17 5 0 a 0 OS 07 101 15/0/57-00. 3Vi • 100 0 0 101 15/0/52-55. 1 105 10 0 100 0 10 r> Wool Bonds. 1 /2/49 0 10 o 0 Ditto. 1/2/48 . 1 0 2 1

Victory Loan, 15/2/55-oS, 3 (2) • ■ 97 0 0 +2s 6d 3 6 0 Mt. Roskill R. Bd.. 30/0/71, 0 11 0 4%. 112 0 — 3 Booth, Macdonald, X/<i/-17, 0 0 5 (2) . . 100 0 0 — 5 Bank N.Z. (2) 2 5 0 +18 3 1 17 14 19 13 3 0 c\ Nat. Bank N.Z. 2 13 9 11 7 0 — 2 Com. Bank (2) 0 Auck. Gas (2) 0 British Tobacco 2 17 7 0 -2d +3d 3 3 3 O 2 0 K.D.V Boxes (2) .. 0 12 0 +3d 5 16 8 Morris, Hedstrom Martha .. 0 7 9 3 1 -Od -5d 3 9 12 1 0 3