COMMERCIAL

New Zealand Herald, Volume 82, Issue 25286, 21 August 1945, Page 2

COMMERCIAL

AUCKLAND EXCHANGE STRONG GAINS REGISTERED Solid gains in share levels on the Auckland Stock Exchange yesterday gave evidence of investors' first reaction to the advent of peace. With many orders in the market, buying support carried levels to new peaks in some cases and recovered previous ground lost in others. Bank of New Zea lands were again prominent, changing hands 4d higher at 51s. At this price the shares are back at the highest level attained during the ten years of Labour Government. First reaching this level in .June last, the shares fell in the meantime to as low as 49s before the recovery commenced. Interest was also outstanding in trading and industrial issues. Dominion Breweries' record price was lifted 3d to o2s 3d. Farmers Tradings recovered to their highest level of 28s 3d on a turnover of 460 shares, while a keen demand set in for Reid Rubbers, which registered sharp advances CLOSING QUOTATIONS Changed quotations on yesterday's sharemarket, were:—

- MARKET TURNOVER i RETURN ON INVESTMENTS In the following list of yesterday's sales 3 yields allow for exchange and British income > tax where necessary and, in the case of loans, > redemption and brokerage:— AUCKLAND EXCHANGE

Also: Reid Rubber, con., fully paid (100), 34s Gd; Emperor (100), 10b 3d; Rawang Tin (100), Os fid. •Turnover is represented by the face value of loans and the number of shares sold YESTERDAY'S PRICE CHANGES

Wellington.—War Loan, 1/10/53, 2 l / a (£18,160), £'96 7s 6d; Union Bank (100), £8 6s; Frozen Products (300), 20s 3d; ditto (400), 20s 6d; Fletcher Holdings (100), 82s 3d; Bonds Hosiery (60), 47s 6d; Macky, Logan (100), 36s Od; Emperor (100), 16s 3d. Chrlstohuroh.—War Loan, 1/10/53, 2% (£18,160), £O6 7s fld: Liberty, 15/5/53-56, 3 (£400), £OO 3Os; N.Z. Farmers' Co-op., 1050, 4% (£100), £IOO 16s; Bank New Zealand (150), 51e; N.Z. Insurance (200), 08s Od; Mosgiel Woollen (50), £l4 6s 7d; Dominion Breweries (150), 52s i'/jd; P. and 0., def. (100). 55»; Mount Morgan, ord. (800), Bs. Dunedin.—Bank New Zealand (200), s ls; Auckland Gas (500), 7s 7'/ 3 d: A.C.I. (6(K1), 57s (2); Fletcher Holdings (100) t 32s 3d; Milno and Cho.vce, deb., 30s 6dj N.Z. Paper Mills (100), 40s; Mt. Morgan (200), Bs. Sales of £SOO of 15/2/55-58 3 per cent stock | on Friday at £OB 10s were incorrectly re- j ported as 1956-50 stock. I REDUCED MARINE RISKS j BRITISH COVER TO CEASE Further reductions in marine war risk rates have been issuod together with an announccment that Iho British Government war risk cover will end on September 10. The amended schedule received by Auckland insurance offices by cablegram from London from the Institute of London Underwriters includes the following alterations effective for sailings on and after .August W: Australia, New Zealand and Pacific [inlands.—-To and from: United Kingdom, Northern Ireland, South America, via any route, and West Indies, Persian Gulf. France. Europe, North France, not east of Malmo, V, per cent (previous rates varied from % per cent to % per cent); Baltic, east of Malmo, % per cent; Africa, Madagascar, Greece, Turkey, India, Ceylon, V A per cent (previous rates % to % per cent); Burma, Dutch East Indies, Philippines, and adjacent, islands and Malaya, % per cent (new rate). Fiji direct or via Australia.—To and from: India, Ceylon, not east of Chittagong Inclusive, v, per cent i a i per cent). ■Australia and Tasmania.—-To and from: New Zealand, % per cent ('A per cent); Pacific Inlands, Va per cent (same). The British Government's huge, war risk scheme, cover under which ceases on September 10, was brought into effect in 10!!f) and onerated under n new denartment of the Board of Trade. Under this scheme a system of reinsurance was instituted in conjunction with existing underwriter* and murine insurance companies

Buyers Sellers £ s d £ s d Bank Australasia . 9 0 0 9 7 6 E., S. and A. Bank 4 8 0 4 12 0 Nat. Bank N.Z. .. — 2 16 0 Bank N.S.W. .. 31 10 0 35 0 0 Bank New Zealand <■> 10 9 11 0 Union Bank 8 5 6 8 6 9 National Ins. (7/) 1 7 0 1 7 3 New Zealand Ins. 4 18 0 4 19 0 S. Brit. Ins. (10/) 4 10 0 4 11 6 F.A.C. (£5 paid). . 5 4 (i — Ditto (A pref.) 1 6 6 — Ditto (B pref.) 1 6 6 1 7 0 (Joldsbrough • Mort 1 11 0 1 12 0 N.Z. Loan Merc. 66 0 0 71 0 0 N.A. Farm. (A pf.) 1. 1 9 — Ditto (B prof.) 0 18 9 1 0 0 Traders' Fin. (con.) 0 6 3 0 7 0 Wilcox iMofflin .. 0 13 6 0 15 0 Kaitangata (.10/) . — 1 9 0 Auek, Gas (10/) 0 7 7 0 7 10 Howard Smith 1 5 9 1 7 0 Hud.-Parker (ord.) 3 7 0 North. Steam (11/) 0 11 o 0 11 7 Ditto (con.) 0 3 5 0 3 7 P. and 0. (def.) .. 2 14 0 2 18 0 Union Steam (pf.) I 12 0 1 13 0 Bartholomew Tbr. 1 5 0 National Tbr. 0 7 9 0 9 a (Jamaru Wool 1 9 9 1 11 0 Carlton Brew. 3 10 0 Dom. Brew, (ord.) 2 12 2 2 12 9 New Zealand Brew. — 2 7 6 Tooth's 3 1 6 __ A.C.I 2 16 9 2 17 3 British Tobacco . . 2 S 9 2 9 0 Broken Hill Ply. 2 7 3 2 8 0 Burns, Philp 3 12 6 — Bycroft 2 13 0 — Consol. Bric.k 0 9 8 0 9 9 Dom. Fertilizer .. 1 7 0 1 7 9 Dunlop Rubber .. 1 7 9 __ Farmers' Trading 1 8 0 1 8 6 Ditto (A pref.) 1 7 0 — Ditto (B pref.) 1 7 0 — Fletcher Illd. (ord.) 1 12 9 1 13 0 Hume Pipe (Aust.) 1 2 3 1 3 3 Macduffs (pref ) .. 1 7 6 1 9 0 Macky, Logan .. 1 16 6 1 17 6 M. and C. (deb.) .. 1 10 6 — M.K. Mfrs. (5/) .. — 0 8 6 Moturoa Oil (5/) . 0 0 6 0 1 0 Ditto (pref., 5/) 0 1 9 0 2 6 Nat. Pictures 0 12 3 0 12 6 Forest Prod, (pref.) 0 11 0 0 12 3 N.Z. N'papers (10/) 2 5 6 2 8 0 N.Z. Hefrig. (paid) 1 11 3 — Ditto (con.) 0 14 9 — 6 Radio (1036) 1 0 6 1 1 Reid Rubber 1 14 6 1 15 6 Ditto (con.) 1 8 0 — Ditto (con., I.p.) 1 14 1 — Sharland (ord.) .. 1 14 0 — Ditto (prof.) .. 1 14 6 —— Wilsons Cem. (10/) 1 0 9 1 1 0 W'wths, N.Z. (5/) 1 5 6 1 6 0 Ditto, Syd. (5/) 1 5 6 1 5 9 Do., Syd. (2nd pf.) W. R. Carpenter 1 2 10 4 0 0 1 12 6 Wths. Hlds. (S.Af.) 1 12 0 — 6 Waihi Invests. 0 6 2 0 0 Big River 0 0 5 — 0 Emperor 0 16 3 0 17 Mount Lyell 1 8 0 1 8 3 Jit. Morgan (2/0) 0 8 0 0 8 3 Ditto (pref.) 1 1 6 — Placer Develop. .. 4 7 0 — 0 Rawang (10/) 0 9 6 0 10 Stock— 0 15/5/48, 2% .. 98 17 6 99 7 15/0/47-10, 2% . 08 10 0 98 15 0 15/9/52-55, 3 . . 100 2 6 100 5 0 15/12/53-56, 3 . 99 6 0 99 12 6 15/4/60-03, 3 .. 98 15 0 99 7 6 15/2/55-58, 3 . . 98 10 0 99 0 0 15/4/46-49, 4, .. 101 12 6 101 15 0 15/5/40-52, 4 : . 103 15 0 106 — 0 15/6/52-55, 4 . . 106 0 0 5 31 /S/54-58, 4 . . 107 2 6 107 10 0 N.S. Bds., 20/ll/46 — 06 10 0 Amal. Brick (Ak.), 10 lt)6 0 1/3/51-59, 5 . 105 0 R Auck. Gas (Pern.) Booth Macdonald, 86 10 0 87 0 0 0 0 1/6/47. 5 .. 99 —

Sale Price TurnYield £ s d over* £ s d Lib., 15/6/4717 10 49, 2% (2) 98 10 0 £500 2 Do.. 15/9/52£200 8 55. .3 . . 100 a 8 1 7 Stk., 15/4/60£525 8 63, 3 99 0 0 2 2 Bk. A'asia . 9 3 6 35 2 17 9 Bk. N.S.W. 34 10 0 14 3 10 7 Bank N.Z. . 2 10 10 100 2 15 1 Ditto 2 11 0 200 2 14 11 Is.7., Insce. . 4 18 6 200 2 10 9 Dom. Brew. •2 12 3 • 50 3 12 » Ak. Lndry. . 0 18 9 200 4 5 4 A.C.I. . • 2 17 0 too 2 9 1 Farm. Trad. 02) 1 8 3 'J <50 3 10 10 Flet. HIcJks. 1 12 0 100 3 13 10 Ditto 1 12 9 200 3 13 3 Maeky, Logan 1 10 0 100 4 1 8 Motnroa Oil prof. 0 2 0 200 — For. Products ord. 0 7 0 316 — N.Z. Refrig. C0I1. 0 15 0 200 3 13 4 Radio, 1936 1 1 0 100 3 12 4 Rcid Rubber 1 15 0 100 3 8 7 Wilsons Cem. 1 0 9 248 1 12 2 W'wths., Syd. 1 5 6 100 2 7 0 Waihi 'Invest. 0 6 2 130 1 6 9

Previous Sale Variation £ s d 8 d Lib., 15/6/47-40, 2'/ a 1)8 7 6 +2 G Do., 15/9/52-55, 3 100 0 0 +2 6 Stk., 15/4?60-G3, 3 98 15 0 +5 0 Bank New Zealand o 10 8 +0 4 Dom. Breweries 2 12 0 +0 3 Farmers' Trading .. 1 8 0 +0 3 Fletcher Holdings .. 1 12 3 +0 6 Macky, Logan 1 16 6 +0 3 Motiiroa Oil, pref. .. 0 2 6 -0 6 Forest Products, ord. 0 7 6 -0 6 N.Z. Refrig., con. .. 0 14 6 +0 6 Radio. 1036 1 0 3 +0 9 Reid Rubber 1 13 0 +1 3 Do., con., fully paid Wilsons Cement 1 13 0 +1 6 1 0 3 +0 6 Woolworths, Syd. .. Rawangf Tin 1 5 3 +0 3 0 9 0 +0 9