COMMERCIAL

New Zealand Herald, Volume 82, Issue 25129, 16 February 1945, Page 2

COMMERCIAL

AUCKLAND EXCHANGE SOUTH BRITISH AT 79/There was an improved turnover on th£ Auckland Stock Exchange yesterday, sales including a fair proportion of Government issues which were transferred at about late rates when account is taken of accrued interest. The recent easing in Bank of New Zealand shares continued and offers to sell at 47s 3d failed to bring business. Insurances were again strongly supnorted and South British moved up v h transfers at 795, a rise of 9d. High. . offers were made for Fanners' Auctioneering Company's ordinary shares and for Huddart Parkers. Burns, Philp gained 6d with a final sale at 675, and Hadfield's Steel sold 9d up at lis 3d.

Whitcombe-Tombs .. Woolworths (N.Z.) 12 8 12 6 Ditto (Syd.) .. 117 12 0 Martha .. 0 9 1 0 9 8 Waihi Invests .. 0 5 4 0 5 5 Emperor . .. 0 13 6 0 14 ft Mount Lyell .. 18 8 19 3 Mt Morgan (ord.) 0 8 5 0 6 6 W.L., 1/10/53, 2 1 /, 94 17 B 95 0 0 Stock—--15/9/52-55. 3 . . 98 10 0 99 0 0 15/5/53-56. 8 .. 97 15 0 15/12/53-56, 8 . 97 12 6 97 18 0 15/4/60-63. 3 .. 96 15 0 97 0 0 15/2/55-58, 3 .. (ex int.) . . 96 10 0 97 5 0 15/5/49-52. 4 ~ 103 7 6 103 15 0 15/6/52-55, 4 .. 104 15 0

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 £ s d Victory Loan, 15/2/55-58, 3 c.d. 98 6 0 8 4 6 Ist Liberty Ln„

15/9/52-55, 3 (2) . . 08 18 0 2nd do., 15/5/5356, 8 ~ 87 17 6 +2« 6d 8 5 0 3rd do., 15/12/53-

56, 3 . . 07 15 0 8 4 H W.L., 1/10/53, 2Vi (2) . . 94 17 6 +2s 6d 8 5 3 Stk., 15/6/5255 4 . . 105 0 0 +7B 6d 3 5 6 Bank A'sia 8 17 6 t2 8 6 Com. Bank 017 4 -%d 316 11 N.Z. Insce. . 410 0 *— 215 6 Sth. British (2) 3 19 0 +od 2 10 7 N'.A. Farmers (B pref.) 017 0 -6d 5 17 * S.Z. Refrig (con.) .. 0 13 4 + l Ad 4 2 fl Burns, Philp 3 6 6 Ditto . 3 7 0 +6d 2 19 8 Hume Pipe (2) 1 0 0 Wilsons Cem't 018 9 Marl ha .002 Also.—Wool Bonds, 1/2/48, 20s 4d; Bank A'sia, £8 17s 6d (odd lot); Hadfield's Stee'T, lis 3d; Gillespie's Beach, 3d. Wellington.—Victory Loan, 15/2/55-58, 3, ex interest, £97 2s 6d; §2nd Liberty Loan, 15/5/53-56, 3 £97 17a (id; 3rd ditto, 15/12/53-56, 3, £97 15s; South British, 795; Gear Meat, 25s 6d; Tui Brewery, 365; Christchurch Gas (con.), 12s 3d; §Hume Pipe, 20s 6d; ditto, 20s fld: Whitcombe and Tombs, £6 158; §Woolworths (Sydney), 21s fld; ditto, 21s fid; Broken Hill Pty., 44b. Christchurch.—Victory Loan, 15/2/55-58, 3, ex interest, £97; Bank N.Z., 47s 9d, 47s 7d (2); 13., S. and A. Bank, 93s 4d; South British, 795; Dalgety, £8 ss; N.Z. Breweries, 445; ditto, §43s Od (odd lot); Westport Coal, 29s fld (4); Dominion Builders, 8s 3d; G. J. Coles, 099Whitcombe and Tombs, £6 15s (2); Wooiworths (Sydney), 21s fld (3). Unofficial list: E. Recce Ltd. (pref.), 5s fld.

Dunedln.—Wool Bonds, 1/2/49, IDs Id; National Insurance, 24s 9d; P. and O. deferred Stock, 52s 3d; N.Z. Breweries, 43s »d; N.Z. Paper Mills, 40s 4d: Donaghy's Rope, KBs; (Jillespies Beach, 3d tßased on interim dividend at rate per annum §Sales after hours on Wednesday.

FLOCK ROMNEY RAM FAIR (0.C.) HAMILTON, Thursday

Experts who attended the flock Romney ram fair held by the Waikato Sheepbreeders' Association at the Clandelands showgrounds today stated that it was the most successful of its kind held in New Zealand this season. Top prices were from 19 to 25 guineas Other attractive pens realised from 14 to 18 l / 3 guineas and medium sorts from 8 to 13 guineas. A line of 61 sheep from Mr F. C. Johnstone, of Waitetuna, averaged just on 18 traineas and 13 sheep from Mr W. R. Hunt, Waverie.v. averaged 20 guineas.

MINING YIELDS Emperor (Fiji).—Twelve weeks, to January 17, treated 12,336 tons for 70130z. In addition 18000S! of fine gold were recovered from treatment of stacked auriferous material. Loloma (Fiji).—Twelve weeks to January 17, 37270z from 5598 tons of ore. Blackwater (West Coast).—Four weeks ended February 2: Crushed 2.180 tons, yielding 7430z, valued at £6241. Working expenses, not including ordinary or war duty, £6250j development expenditure, £481); capital expenditure, £'477. Slab Hut (West Coast).—Week ended Febrnary 0. 560z, 19,000 yards, 118 hours.

BRITISH TOBACCO RESULTS The accounts of the British Tobacco Co. (Australia) for the year ended October 31 show a net profit of £950,188, compared with £957,149 the previous year and £957,818 in 1942. Ordinary and "B" ordinary dividend ifi unchanged at 9 per cent, reqnirinx £843,474. The o'/? per cent preference dividend absorbs £lll,lßß. Stocks have increased by a further 949,000 to £8,472,800. Holding of Government securities has been reduced by £737,000, and of cash by £410.000. DIVIDENDS DECLARED Northern Roller Mills:—Preference shares, final dividend, 6 1-6 per cent per annum, less security taxes, payable on March 1. MUTUAL LIFE ASSURANCE The head office of the Mutual Life and Citizens' Assurance Co., Ltd. (Sydney), advises that new business written In 1944 was.Ordinary branch, £9,028,178; industrial branch, £'1,715,580; making a total of £13,743,758, record figures in both branches.

CLOSING QUOTATIONS Buyers Sellers £ 8 d £ 8 d Bank Australasia . . 8 10 6 9 0 0 Com. Bank Aus 0 17 4 0 17 0 Com. Bank Syd. '20 0 0 — E., S and A. Bk. 4 12 0 — Nat Bank N.Z. 2 12 0 — Nat. A'asia (con.) 6 6 0 7 0 0 Bank N.S.W. 33 10 0 34 0 0 Bank New Zealand 2 7 0 2j 7 3 Ditt-o (D mort.) 1 8 0 1 12 0 Union Bank Aust. — 8 2 6 National Insurance 1 4 8 _ New Zealand Insce. 4 6 6 4 10, 0 South British (lO/-) 3 18 6 a 19 6 Standard . 3 10 6 —. F.C.A. (jE5 paid) 5 2 0 fi 6 O Newton King (pf.) 1 3 0 1 3 6 N.Z. Guar. (3/-) .. 0 4 Q _ N.A.F. (B pref.) 0 16 6 0 17 3 Traders' Fin. (con.) 0 6 2 0 6 0 Wriftht • Stephenson 1 6 0 — Ditto (cum pf.) 1 6 0 Renown Coal (ord.) 0 10 3 0 10 9 Ditto (pref.) .. 0 2 9 0 3 1 Taupiri (ord.) 1 7 0 1 10 0 Auck. Gag (10/-) 0 7 7 0 7 9 Ditto (con.) 0 3 0 0 3 B Devon port Ferry . 1 8 6 — Howard Smith 1 5 0 — Hud.-Parker (ord.) 3 2 0 — Northern Steam . - 0 10 6 0 10 10 Ditto (con.) 0 2 10 0 3 2 Bartholomew Timber 1 4 0 1 6 0 Kauri (25/-) 1 7 3 1 8 6 Ley .-O'Brien (15/-) 1 4 9 — National 0 7 9 0 8 3 Parker-Lamb 0 3 9 0 4 0 Bruce Wool Felt and Textiles 1 13 0 1 15 0 2 12 0 2 14 0 Kaiapoi (17/-) .. Ditto (con.) 1 1 0 — 0 7 7 0 8 2 Timaru — 0 19 6 Dom. Brew, (ord.) 2 8 9 — New Zealand Brew. 2 3 6 Tooths 3 0 0 8 4 0 Auck. Laundry .. 0 17 6 0 19 3 A.C.I __ 2 17 6 Booth-Mac. (pref.) 0 8 9 0 9 3 British Tobacco .. 2 9 0 __ Broken Hill Pty. 2 3 9 a 4 3 Burns. Philp 8 6 9 B.vcroft 2 13 0 2 14 0 Caro's 1 4 0 1 5 0 Claude Neon (N.Z.) 1 14 3 1 15 0 Colonial Suirar . . 56 10 0 57 5 0 Con, Brick 0 10 0 _ Dunlop Rubber .. Farmers' Trading . 1 5 0 1 5 0 1 6 5 1 6 9 Fletcher Hold. . 1 5 0 1 5 3 G. ,T Coles 8 8 9 3 9 0 Hume Pipe (Aust.) 1 0 8 1 0 9 K.D.V. Boxes (10/) 0 11 8 0 12 0 Macduffs (cum pf.) 1 4 6 McKendrick Bros. 1 6 0 1 8 0 McKenzies 3 2 3 3 3 9 Macky, Losran 1 12 6 1 16 0 M.K. Manufacturers 0 7 2 Farmers' Fertilizer f 4 fl _ Ditto (c pref.) 1 4 6 _ Forest Products .. 0 6 0 0 6 9 Ditto (pref.) .. 0 9 6 0 11 0 North. Roller (ord.) 1 0 6 Ditto - (c. pref.) 1 3 9 _ Peters Ice (N.Z.) 1 3 0 1 5 0 Reid Rubber 1 8 4 1 9 0 Ditto (con.) 0 16 6 9 18 0 Robinson tee Cream 1 10 3 ■Silknlt (N.Z.) .. 1 5 0 1 7 0 TTnion Oil (10/-) . 1 7 6 Wilsons Cem. (10/) 0 18 8 —