COMMERCIAL

New Zealand Herald, Volume 81, Issue 25053, 17 November 1944, Page 2

COMMERCIAL

AUCKLAND EXCHANGE

MORE ACTIVE MARKET

There was more activity on the Auckland Stock Exchange yesterday, holders being more ready to accept the lowct levels lately ruling. This was particularly noticeable in the insurance section, where trading was freer than for some time. The demand for Bank of New Zealand shares was less keen, and they sold at 45s 6d, a drop of 3d. In the Government section the Victory Loan 2£ per cents had initial dealing at a discount of £3 17s 6d. Gains were recorded by Northern Steam, Dominion Breweries, N.Z. Newspapers and Woolnorths (Sydney).

YESTERDAY'S SALES HP/FERN 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 Riseor Yield t « d Fall £ s d Victory Loan 1 5/2/49-50. '2/ 2 ■ .. 9ti 2 6 2nd Liberty Ln., 15/5/53-50,3 07 5 0 t 3 4 0 War Loan, 1/10/53,2% 94 0 0 +7s6d 3 4 6 Bank N.Z. . 2 5 6 -3d 3 2 11 Bank A'sia (2) 0 3 0 -6d t2 7 0 Bank N.S.W. 35 5 0 t 3 8 1 N.Z. Insce. (4)4 6 6 South British 3 15 6 Leyland-O'B. 1 3 9 t 4 4 2 Northern Steam 010 10 +od 5 1 6 Dom. Brew. . 2 5 3 +3d 3 10 6 N.Z. X'papers 2 1 0 +2d 3 3 10 Silknit . . 14 6 Roller Mills . 112 -Id 2 7 2 W'wtlis (Syd.) 1 1 0 +2d 217 2 Also. —Wool Bonds, 1/2/48, 20s 2d; ditto. 1/2/49, 19s 2d (2); Hadfields Steel, 10s Id. Wellington.—War Loan, 1/10/53, 2/ 3 , £94, £93 17s (id; §Bank N.Z., 45s Bd, 45s 7d, 45s 9d; ditto, 45s 9d; §N.Z. Insurance, 8(!s (id; ditto, 80s Od; South British, 75s (id; Apex Investment. 4s. Unofficial list: SSelfridges (N.Z.), 16s. * Chrlsichurch.—slst Liberty Loan, 15/9/47, 2'/ 2 , ,C9B 10s; §StOCk, 1/8/46, 2*/ a, £99 ss; Bank N.Z., 45s Od, 45s Bd, 45s Od, 45s lOd. 45s lid; South British, 75s Od (2); Dominion Breweries, 45s 3d (odd lot); sßroken Hill Pty., lis Od; General Industries. 2ls 9d; K.D.V. Boxes, 12s; Woolworths (N.Z.), 21s 3d. Unofficial list: Taramakau, 3s Bd. DunetJin.—Wool Bonds. 1/2/18, 20s 2d; Woolworths (Sydney). 20s lid: Mount Morgan, 7s. t Based on interim dividend at rate per annum. fPrevious sale cum interest or dividend SSales after hours on Wednesday.,

GRAIN AND POTATOES THE ESTIMATED ACREAGES (P.A.) WELLINGTON, Thursday The estimated areas of wheat, oats, barley and potatoes for the 1911-15 season aro published in the Gazette tonight. The total acreages sown last year were:—Wheat, 239,183; oats, 228.887; barley, .'50,310. The estimated acreages for this year are:—Wheat, 187.000; oats, 235.000; barley, 44,000. The lotal area planted in potatoes last season was 27,178 acres, and the estimated planting this year will be 31,500 acres. WIJAKATANE PAPER MILLS The accounts of Whakatane I'aper Mills. Ltd., for the year ended June 30 show net profit at £2592, after providing £ 47,390 for depreciation and £12,588 for taxation. This compares with a net profit of £40,474 for last year after providing £45,000 for depeciation and £25,000 for taxation. The net profit has been applied in further reduction of the debi; in the profit and loss account. Gross profit at C 132,970 is £ 19,852 less than last year, and gross sales at £531,340 represent an increase of £7978 on last year. The report states that the net financial results have been adversely influenced by the increase of £17,588 in provision for taxation. In addition, recoupment is awaited of the increased cost of-* raw material incurred during the year. These costs are at present the subject of consideration by the Price Tribunal. The directors stale that they look forward to the results of the current year finally recouping the company for its past losses and enabling consideration to be given to the position of the company's preference shareholders. The present burden of taxation, however makes it difficult during wartime to suggest any substantial contribution toward a settlement of past dividends. DIVIDENDS DECLARED Goldsbrougli Mort (Melbourne). —Interim dividend, 2 per cent (unchanged); payable December 20; books rloso December 5. Tooth and Co. (Sydney).—Final half-year, 6y 2 per cent; making 13 per cent for the ye;ir (last year 12 per cent); payable November 29.

FRANKTON STOCK SALE (0.C.) HAMILTON, Thursday Fat lambs were yarded in smaller numbers at the Frankton stock sale and prices advanced. Values were easier for store sheep and wethers. A smaller yard ins? of ox beef met a steady demand, while tho market was slower, with prices easier, for cow and heifer beef. A very large yarding of fat pips was penned, and an average yarding of store and weaner pigs came forward. Baconers remained firm at recent quotations. Prime heavy wethers, 32s (id to 345; medium, 2!)s to 31s; light, 20s to 28s; heavy fat ewes, 18s to 20s; medium, 10s to 17s; light, 13s to 15s; heavy fat lambs, 34s to 30s Od; medium, 30s to 325; light, 28s to 20s. Extra heavy prime bullocks, CIS 2s Od to £lB 17s 0(1; .heavy, £lO 10s to £l7 12s Od: medium, £ls to CIO; lighter, £l3 to £l4 10s; small, £ll 17s Od to £l2 15s; heavy prime young cows and heifers, £ll 10s to £l2 2s Od; medium, £lO to €ll ss; lighter, £0 to £f> 15s; second and plainer cows, £7 10s to ,C 8 10s; boner cows, £1 10s to C 7; runners. £8 to CO lis; lighter, £0 to £7 12s; vealcrs, £3 to £4 1()s; lighter, 3fis to £2 l.'S. Heavy choppers, C 4 10s to CO; others, £3 to £4 4s: heavy baconers, £5 to £5 10s; medium, £4 10s to ,£4 10s; light, £4 to £4 Ss; butter-milk pigs and large stores, £3 I.os to £4 lis; smaller stores, £2 10s to £3 4s; slips, 34s 6d to £2 6s 6(1 { wsaneie, IBs to 80a Qd. i

CLOSING QUOTATIONS Buyers Sellers £ ts d £ „s d Bank Australasia . !) 2 <> «) 3 (J Com. Bank .Alist. . 0 17 10 0 17 11 E., S. and A. Bank 4 •1 0 — Nut. Bank X.Z. . 2 13 0 0 14 0 Nat. Bank A'asia (con.), (ex div.) 0 2 0 <1 !> 0 Bank N.S.W. — 35 10 0 Bank New Zealand o 5 1 2 5 ti Ditto iD mort.) — 1 12 (> Nat. Insur. (ex div.) — 1 1 1) X.Z. Insurance .. 4 <> 0 1 (i 6 Sth. British Insur. 3 15 3 3 l(i 3 F.A.C. (.to paid) . 4 1!) 0 5 2 0 Ditto £2 paid) . 1 14 <; 1 17 0 Ditto (A pref.) . 1 5 3 1 0 0 Ditto iB pref.) GoldsbroiiKh-Mort . 1 1 5 11 0 0 I 1 5 12 0 Newton-King (pref.) 1 3 0 1 3 !' N.Z. Guarantee . . 3 10 0 4 3 Traders' Fin. (con.) 6 0 0 7 2 Pukemiro Coal .. 0 18 3 — Renown (ord.) 0 10 3 0 11 0 Ditto (pref.) .. 0 2 8 0 2 11 Auckland Gas 0 7 2 0 7 6 Ditto (con.) — 0 3 4 Devon port Ferry .. 1 10 0 1 12 0 Howard Smith 1 •1 0 1 5 0 Northern Steam. . 0 10 8 0 11 0 Ditto (con.) 0 o 30 0 3 0 Kauri Timber 1 ft 9 1 8 0 Leylarut-O'Brien 1 a <; — Parker-Lamb 0 3 0 0 4 0 Tnnpo Totara (ord.) 0 S 3 0 8 ft Bruce Wool, (ord.) 1 12 0 1 11 (I Kaiapoi — 1 3 0 Ditto (con.) . . 0 7 <i 0 s 2 Dom. Brew, (ord.) . 2 5 0 2 (i 0 Tunes lord.) T If 0 1 Hi (i X.Z. Breweries . . •> •> 3 o 3 <i Kntricari-Sims (pf.) n IS 0 ;i 1 0 Auckland Laundry . o 17 0 I 0 0 iAusI. Con. Indus. . o 17 0 Booth-Mac. (pf.) .. .— 0 0 G British Tobacco . . o ft o Broken TTill Pty. . 2 4 0 2 5 0 Burns-Philp 3 5 0 Bycroft 2 10 0 2 14 0 ■ Clniide Neon (N.Z.) (ex div.) 1 0 0 Colonial Sugar . . 55 15 0 56 15 0 Consolidated Brick 0 10 1 0 10 5 Dun lop Rubber 1 3 0 Electro. Zinc (pf.) 2 16 6 3 o 0 Farmers" Trading- . — 1 6 6 Fletcher Hold. .. 1 5 0 1 6 0 Ditto (new) 1 5 3 1 5 0 Caro's Stores 1 4 0 1 5 0 Gear Meat . — 1 6 3 G. J. -Coles 3 8 0 3 0 0 Hadfields Steel .. 0 10 0 0 10 8 H.M. Theatre .. 0 14 05 0 15 6 Ditto Cpref.) .. o IS O 1 2 ft Hume Pipe ,, 0 19 fi 1 1 0 K.D.V. Boxes 0 11 10 o 12 0 McKenziefi . 3 3 0 Macky. Logan t 11 0 M.K. Manuf.'s 0 7 6 0 7 11 Morris Hedstrom . 2 8 0 X'.Z. Farmers' Fert. 1 4 6 T 5 o Ditto (pref.) 1 5 3 i n n N.Z. For. Pro. (ord.) 0 r, 10 0 7 ft Ditto (pref.) 0 11 0 0 12 <•> X.Z. Newspapers . o 1 6 o o 0 N.Z. Paper Mills . . 2 0 0 o 1 ft North. Roller (ord.) T 1 0 1 1 6 Radio (1030) 0 is 0 0 in 0 T?eid Rubber 1 8 3 1 ft 3 Pliillipns and Tmpey o 0 0 Sanford (ord.) o 8 0 0 0 3 Ditto (pref.) 1 3 6 •Selfridtres (A'sia) . 1 n ft 1 7 3 Silknit, Ltd. 1 3 ft 1 5 0 Hnion Oil. Soap . . 1 7 0 1 ft 0 Wilsons Cement . . 0 18 1 0 18 3 Woolworths (N.Z.) . 1 0 11 1 1 4 Ditto (Syd.) .. i. n 11 1 1 0 Arahnra i. 11 0 Ditto (def.) .. i 7 0 Martha 0 8 0 0 0 o Waihi Invests. 0 r> 0 0 5 8 War Loan, 1/10/53 04 0 0 04 5 0 Stock— i.vn/52-55. 3 .. 97 10 0 08 o 0 1 5/12'53-5fi, 3 OS 5 0 OS 10 0 LV2/55-5S, 3 .. 07 0 0 07 5 0