COMMERCIAL

New Zealand Herald, Volume 82, Issue 25217, 1 June 1945, Page 4

COMMERCIAL

AUCKLAND EXCHANGE FURTHER GAS TRANSFERS Gas shares continued to be traded freely on the Auckland Stock Exchange yesterday, when a turnover of 1237 shares at late rates left the market virtually unchanged. Throughout all sections, buyers showed eagerness to clinch bargains at late rates and few price changes were registered in a strong volume of business. Exceptions were a shading in Goldsbrough Mort in the first sale following the announcement of a lower year's dividend and Fletcher Holdings, support for which eased throughout the day. CLOSING QUOTATIONS Changed quotations on yesterday's share-

MARKET TURNOVER RETURN ON INVESTMENTS

I Id the following list of yesterday's ship yields allow for exchange and British incom> tax where necessary, and, in the ease of loans redemption and brokerage;— AUCKLAND EXCHANGE Sale Price Turn- Yield e s d over* £ s c Lib., 15/6/47 49, 2Vj . . W8 2 6 £2500 3 3 S Stk..' 1/8/51- „ . 54, 3 98 6 0 £3OO 3 5 Vic., 15/2/55' n , 58, 3 08 5 0 £SOO 3 4 <j Bank A'asia . 010 0 50 216 , Com. Bk. Aus. 017 11 200 314 Ditto (2) . 018 0 0» 3 H Bk. N.Z. (3) 2 7 3 2ffO 219 3 Sth. British . 4 5 6 150 '2 0 ij Golds.-Mort .. 1 n 3 100 3io o Auck Gas (3) 0 7 8 LOS, 4 2 Do. (con.) . 0 211 100 5 2 1(1 Kaiapoi (con.) 0 8 3 515 5 2 9 Bkn. Hill Pty. 2 6 3 50 2 3 3 Flet, Hldgs. 110 4 400 319 0 Ditto . . 110 3 200 319 4 Miiburn Cem 115 6 100 216 j Weeks, Ltd 12 5 0 33 3 5 I Mt. Lyell 1 6 9 100 t Also, —Mt. Eden Borough 1/4/58-63. \V, ' £500), £IOB 15s. tlnterim dividend passed. 'Turnover is represented by the face value ■ nans-and the number of shares sold. | VESTERDAY'S PRICE CHANGES I Previous Sale Variation I£s d « d I v-uiii. Bank Aust. .. 017 11 +0 1 Goldsbrough-Mort .. 1 11 9 -0 6 Kaiapoi (con.) .. 0 8 0 +0 3 Fletcher Holdings .. 1 10 6 -0 3 Wellington.—Victory, 15/2/55-58, 3 (£800). £9B 10s (2); British Tobacco (50), 50s (id; N.Z. Drug (58), £5 2s 6d: Woolworths S.vd. (200), 23s (id. Chri*tchurch, —Liberty. 15/12/63-56, 3 (£1600),, £9S 10s (2): Bank New Zealand (100), 47s 4(1; N.Z. Guarantee (2000), 4s Id; Bruce Woollen (334), 34s (id; Kaiapoi 7s paid (515). 8s 3d; Timara Woollen (100), 20s; Auckland Gas (500). 7s 3d; Broken Hill Pty. (100), 46s 3d; N.Z. Drug (58), £5 2s 6d; Weeks (33). £l-2 ss. Unofficial .ist; Selfridges, N.Z.. con. (600), 12s 6d. SWEDISH KRONER .QUOTED Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres yesterday were supplied by the Bank of New South Wales as follows: — T.T. T.T. Buying Selling Xew York, dol. to £N.Z. 3.2512 3.2050 Montreal, dol. to £N.Z. 3.6039 3..V_'90 India, pence to rupee . 'J'J :l-l(! 22 ; % Ceylon, pence to rupee 22 3-10 22% Sweden, kr. to £N.Z. . 13.78 13.34 S.A., £S.Z. £S.A. 100 123 125/2/6 Switzerland, fr. to £N.Z. 10.01 13.74 London, £N.Z. £st. 100 124/7/6 125 Australia, £A. £N.Z. 1.00 100/10/- 100 Chungking, N.Z. pence to Chinese dollar 4d SUGAR COMPANY ATTACKED (Reed. 5.35 p.m.) CANBERRA, May 31 The Colonial Sugar Refining Company' should be one of the first industries to be nationalised, the Minister of Labour, Mr E. J. Hollowav, told the House of "Representatives. The Minister was answering a question on a strike by sugar workers at the Colonial Sugar Company's factory in Victoria. He said that the company for many years had possessed a rather dubious reputation as a monopoly which was careless of the public interest. A Victorian Labour member said industrial disputes among sugar workers in Victoria had resulted in shortened supplies, so that many people could not obtain refined sugar. He asked the Commonwealth Government to intervene in the dispute. f TAXATION CAUSES INERTIA Because extra exertion or enterprise did lot brine a full reward, with taxation at ts present level, all classes of taxpayers were ieroming subject to inertia, said the chairnan of Anthony Hordern and Sons, Ltd.. Sir Mark Sheldon, at the, annual meeting in Sydney. Industry should be agisted to relieve he shortage of civilian goods, which was keeping up the cost of living and was also n incentive to the "black market."

market were:— Buyers Sellers £ « d £ 8 d Bank Australasia . 9 7 6 — B., S. and A. Bk. 4 13 0 — Bank New Zealand 1 7 2 7 6 Ditto (D murt.) 1 7 6 1 8 0 Union Bank — 8 13 0 New Zealand Insce. 4 16 3 4 17 6 Sth. British (10/-) 4 4 0 4 6 0 Standard Insce. .. 4 3 3 i 4 0 Goldsbrough - Mort 1 11 0 — Newton King (ord.) 0 3 0 — Ditto (pref.) .. 1 3 6 _ N.A.F. (B pref.) 0 17 6 0 18 6 Renown Coal (12/0 0 11 6 0 12 0 Do. (pf., 2/6) .. <— 0 3 1 Taupiri (ord.) Wesiport (10/-) .. 1 8 0 1 1 9 7 9 6 Auck. Gas <10/-) 0 7 8 0 7 4 Hud.-Parket. (pf.) Nth. Steanr. (XI/-) 1 0 10 10 6 6 __ Ditto (3/6) . . 0 3 0 0 3 6 Kauri (25/) ex div. 1 8 6 — National 0 6 0 0 7 3 Parker-Lamb Taupo Totara (ord.) 0 4 3 0 4 6 — 0 9 0 Kaiapoi (17/- f.p.) 1 3 0 1 5 0 Ditto (7/-) 0 8 0 0 8 6 Timaru 1 0 0 1 0 3 Dom. Brew, (ord.) 2 8 3 2 9 6 New Zealand Brew. — 2 4 3 Tooheys (10/-) .. 1 11 6 — 3 British Tobacco . . 2 9 6 2 11 Broken Hill Pty. 2 6 0 2 6 15 6 0 Colonial Sugar .. — 9 59 Dunlop Rubber . . I 6 — 6 Farmers' Trading . I 7 3 1 Flet. Hold, (ord.) l 9 6 0 1 10 6 M. and C. (ord.) l 11 — M.K. Mnfrs. (5/-) 0 7 10 — Milburn Lime i 15 0 — National Pictures - 0 9 3 — N.Z. Drug (£2) . . 5 0 0 5 8 0 Ditto (con.) 3 1 3 3 6 0 Forest Products . . 0 6 6 0 6 10 N.Z. N'papers (16/8) 2 4 6 6 2 8 6 6 N.Z. Refrig. (con.) 0 13 0 14 Radio (1936) 10/0 18 0 0 — 0 Sanford (7/6) 0 8 4 9 Wilsons Cem. (10/) 0 18 4 0 18 8 Woolworths (N.Z.) 1 3 6 —— 6 Ditto (Syd., 5/-) 1 3 3 1 3 Wths. Hldg. (S.Af.) 1 8 9 — 0 Arahura 1 14 6 1 10 Martha 0 9 0 0 9 7 Sulphide Corpn. . . 0 11 0 0 14 0 Wgton. Alluvials 0 3 0 — Stock — '2 15/6/47-48, 2%, 98 0 0 98 « 15/2/-19-50, 2VV 96 5 0 97 — 15/0/52-55, 3 . 97 15 0 17 6 6 15/12/53-56, 3 98 10 0 98 17 15/2/55-58, 3 . . 98 5 0 98 7 6 Auck. Harbour Bd„ 112 9/7/50, 4>/< . . 110 0 0 0 0 Citv of Auckland, 110 10 0 15/12/63, 1 ■ — Do.. 1/11/59, \/ — 110 0 0