COMMERCIAL

New Zealand Herald, Volume 81, Issue 25052, 16 November 1944, Page 2

COMMERCIAL

AUCKLAND EXCHANGE MARKET QUIET AND STEADY Turnover was moderate and values were steady on the Auckland Stock Exchange yesterday. Buyers continued to bid freely for Bank of New Zealand shares, which sold at 45s 9d, compared with 45s 3d and 45s 6d the previous day. There was a good demand for Government stocks, and the Ist Liberty Loans 2i per cent showed *a slight rise. Mount Morgan shares changed hands 3d lower at 7s, tlie lowest price since March last, and Whakatane Paper Mills sold Is lower at 5s 3d.

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 Eise or Yield £ s d Fall £ s d Victory Loan, 15/2/55-58,3 97 00 Ist Liberty Ln., 15/9/47, 254 «S 5 0 +2s 6d 3 1 8 3rd do., 15/6/4749, 2 1 /, . . 97 7 6 Bank N.Z. . 2 5 9 +3d 3 13 Nat. Bank N.Z. 213 6 -3d 217 3 N.Z. Insce. . 4 6 6 Pukemiro .. oIS 6 +3d 4. 1 1 Broken Hill .249 Fletcher Holdincs (2) . . 16 0 G. J Coles .390 - < 217 11 Wilsons Cem't 018 3 W'wths (N.Z.) 112 +2d 2 7 3 Also.—Wool Bonds, 1/2/48, 20s 2d; Hadfields Steel, 10s: Mount Morgan, 7s. Unofficial list: Whakatane Paper, os 3d. Wellington.—War Loan, 1/10/53, 2A, £93 15s; Bank N.Z.. 45s sd; N.Z. Drug, £5 Is; Woolworths (Sydney), 20s~ lid. Chrlstchurch. —S3rd Liberty Loan, 15/6/4749, 2y 3 , £97 10s, ditto, £97 10s; Wool Bonds, 1/2/48, 20s 2d (2); ditto, 1/2/49, 19s 2d; Bank N.Z., 45s 6d (6), 465, 45s 6d (3); National Bank A'sia.* £l2 9s; ditto (con ), £ti 8s Od; Australian Foundation, 5s Id; Booth. Macdonald, Is 6d; Gordon and Gotcli. 77s 6d Dunedin. —Victory Loan, 15/2/55-58, 3, £97; Bank N.Z., 45s 6d (3); Union Steam (pref.), 31s 10*/ 2 d; Australian Foundation. 5s Id; N.Z. Drug, £5 Is. §Salcs after hours on Tuesday.

CLAUDE NEON LIGHTS The accounts of Claude Neon Lights of New Zealand for tho year ended September 30 show a not profit of £5063, compared with £2015 last year and £1025 in 1942. With £14,800 brought in there was a credit of £20,529, from which £15,000 wa« appropriated for writing down patent rights and processes, leaving: £5529 available. Tho directors, as previously announced, propose to reinstate the dividend of 5 per cent, which was last piid in 1040 This requires £4218, leaving £.1311 to be carried forward. Gtors revenue from trading was £53,757, against £37,751 last year, and taxation provision is £13,579. compared with £2319. In the report the chairman, Mr V. .T. Lamer, said business had shown a marked improvement owing to the lifting of the blackout and power restrictions in the South Island. In the North Island, owing to power shortage, signs had been absolutely prohibited. Almost 90 per cent of lessees had carried out their contracts by resuming monthly payments as from January 1. 1014. The retiring directors, Messrs James Fletcher and A. fl Lnnn. are nominated for re-election.

MOSGIEL WOOLLEN COMPANY (0.C.) DUNEDIN, Wednesday

At the annual meeting of the Mosgiel Woollen Factory Company, Limited, the directors, as already announced, recommended a final dividend of 3 per cent from trading and 3 per cent, from rovenno from investments. making a total distribution of 10 per rent for the year. The chairman. Mr J. S. Hislop. said a gross profit of £92.730 had been made, against £01,398 for 1913. Net nrofits were £15,033 and €13,R10 respectively. Owing to shortage of labour the company had not been able to run a complete douhlc shift at the mill as it was prepared to do. TTad this been passible the outnut of essential goods for military and other purposes would have been ereater. The comnany again had to provide £52.000 for taxation, a sum "nual to about 57 per cent of the c-oss profit,. The creneral manaeer, Mr W. L. Wood, said that loom production for the war years 194044 had been sold at the same averaore price a pound of finished goods as it was in 191510 and the wages unit rate an hour had doubled in the same period.

MINING YIELDS Blackwater (West. Coast).—Four weeks ended November 3: Crushed 2104 tons, yieldinsr lOMoz, valued at £7073; workinpr exnenses. not including ordinary or war duty. t'Ofifi.J; development. expenditure. Cfil l: capital expenditure. £312. DIVIDEND DECLARED (P.A.) DUNE DIN, Wednesday The directors of the Westport Coal Co. will recommend the payment t-o all shareholders on the renter on November 15 of a final dividend for the year of fid a share, payable on December 4, making Is a share for the year (unchanged). SHARES IN LONDON LONDON, Nov. M On the London Stock Exchange quotations for bank shares and other corporation debentures and stock, with comparisons for October 31, arc:—

CLOSING QUOTATIONS Buyers Sellers £ s d £ s d Bank A'asia 9 3 0 9 4 0 Coin. Bank Aust. 0 17 10 0 17 11 Ditto (pref.) .. 10 0 0 11 0 0 Com. Bank Sydney — 21 15 0 E., S. and A. Bank Nat. Bank N.Z. .. 4 4 o — 2 13 3 2 13 0 Bank N.S.W. 34 17 6 35 15 0 Bank New Zealand 2 o 6 2 5 9 Ditto (D Mort.) — 1 12 6 Union Bank Aust. 8 4 0 5 0 National Ins. — I N.Z. Insce. 4 6 3 4 6 6 South British Ins. 3 15 6 3 10 6 Far. Auet. (.Co pd.) 4 19 0 5 o 6 Ditto (£'2 paid) 1 14 6 1 17 0 Newton King (pf.) 1 3 0 1 3 6 N.Z. Guarantee . . 0 3 10 0 4 3 N.Z. Loan & Merc. — 74 0 0 N.A. Far. (B pref.) — 0 18 0 Traders' Fin. (con.) 0 fl (> 0 7 2 Pukcmiro Coal 0 18 0 0 — 0 Jlenown Coal (ord.) 0 10 3 11 * Ditto (pref.) .. 0 2 8 0 o 11 Auckland Gas 0 7 3 0 7 0 Ditto (con.) 0 3 0 0 3 3 Devon port Ferry . 1 10 0 1 12 0 Howard Smith 1 4 6 1 5 9 Northern Steam .. 0 10 9 0 10 10 Ditto (con.) 0 2 10 0 B u Kauri Timber 1 6 9 1 8 3 Leyland-O'Brien .. 1 4 6 1. 5 0 Parker Lamb (e.d.) 0 3 4 0 4 3 Taupo Totara (ord.) 0 8 3 0 8 9 Bruce Wool (ord.) 1 12 0 1 14 0 Kaiapoi (con.) 0 7 <) 0 8 3 0 Dom. Brew, (ord.) o 5 0 o 0 Innes (ord.) r 14 0 r 16 0 New Zealand Brew. o 2 3 2 3 0 Anthony Hordern . 0 19 0 1 0 G Entrican-Sims (pf.) 0 IS 0 1 0 0 Auck. Laundry .. 0 17 0 1 0 0 Aust. Con. Indust. 2 17 3 0 9 a Booth-Mac. (pref.) — Broken Hill Prop. o 4 9 2 5 0 Burns. Philp 3 5 0 2 — 6 Bycroft 2 10 0 14 Claude Neon (N.Z.) 1 9 6 56 — 0 Colonial Sugar .. 55 15 0 10 Consol. Brick 0 10 0 0 10 6 Dom. Pictures — 0 17 0 Elcc. Zinc (pref.) 2 16 6 3 0 0 Farmers' Trading — 10 1 6 6 Fletcher Hold. 1 5 1' 6 0 Ditto (pref.) .. — 1 9 0 Ditto (new) 1 5 8 1 5 9 Caro's Stores (ord.) 1 4 0 1 5 6 Ditto (pref.) G. J. Coles 1 4 0 3 9 0 H.M. Thdatre .. 0 14 6 0 15 6 Ditto (pref.) .. 0 18 0 1 2 0 Hume Pipe (Aust.) 0 19 6 1. 0 3 K.D.V. Boxes 0 11 8 0 12 0 Lewis Eady (ord.) 0 15 6 — 0 McKenzies 3 0 0 3 3 Macky, Logan .. 1 11 0 — M. & C. (ord.) .. 1 9 0 0 — 0 M.K. Manufacturers 0 7 a 0 8 N.Z. Drug (£2). . 4 19 — 0 N.Z. Farm. Fert. 1 4 0 1 5 Ditto (pref.) • ■ 1 5 0 1 6 6 N.Z. Forest (ord.) 0 6 10 0 7 4 Ditto (pref.) .. 0 11 0 0 12 6 3 N.Z. Newspapers . 2 1 0 2 2 Nth. Roller (ord.) — 0 1 2 0 Radio (1930) 0 IS 0 19 0 Reid Rubber Mills 1 8 0 1 9 3 Robinson Ice 1 10 0 — Sanford (ord.) s 0 1 — 0 Ditto (pref.) 1 2 0 3 Selfridges (A'asia) 1 6 6 1 7 6 Silknit 1 4 6 1 5 3 Taranaki Oil Fields 0 1 8 0 o 9 Union Oil, Soap .. 1 7. 0 1 9 0 Wilsons Cement . . 18 0 0 18 3 Woolworths (N.Z.) 1 1 1 1 1 7 Ditto (Props.) .. 1 8 3 1 10 0 Ditto (Syd., f.p.) 1 0 8 1 1 0 Martha 0 8 10 0 9 1 Waihi Invests. 0 5 6 0 5 8 9 Mount Lyell 6 1 11 Mt. Morgan (ord.) 0 4 0 7 0 Stock— 98 0 0 15/o/48, 2Vi •• 97 0 0 15/9/52-55, 3 . . 97 10 0 98 0 0 15/5/53-50, 3 .. 97 0 0 97 10 0 15/12/53-56, 3 . 98 5 0 97 — 0 15/2/55-58, 3 . . 97 0 0 5

Oct. 31 £ s Nov. 11 £ s d Bank A list alasia . 7 17 '•> 8 0 0 K., LI ri S. and ion Ban] Bank a 17 0 15 3 17 6 ) fi 17 (i Ba Xa nk t. Bank v." ; N.Z. . 24 0 2 5 ) 23 15 0 2 5 9 Ba nk of N Z. 1 14 1 15 0 Br tish To bacco . 1 18 1 18 0 Go dsbrougl -Mort . 1 3 9 1 3 9 Da Isrety 6 10 6 5 0 P. and 0. (def.) ! 1 19 1 19 B Loan & M> rc. (deb. 92 0 Ditto (or d.) HSiw