COMMERCIAL

New Zealand Herald, Volume 82, Issue 25287, 22 August 1945, Page 4

COMMERCIAL

AUCKLAND EXCHANGE FIRM CONDITIONS RULE Activity was less marked on the Auckland Stock Exchange yesterday but conditions remained firm with all price revisions in favour of sellers. The demand showed little change from that recently ruling hut in some cases margins were narrowed by concessions from sellers anxious to come to terms.

MARKET TURNOVER 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, Turn. Yield £ s d over* £ g d W.L., 1/10/53, 214 SB 10 0 £BSO 8 1 S Lib., 15/5/48, 214 . . 08 17 6 £3OO 2 19 1 I)o„ 15/12/5356, 3 . . 80 10 0 £IOOO 3 1 0 Corn, Bk. Ans. 0 18 3 300 3 17 7 N.Z, Ine. (2) 4 18 6 100 2 10 9 Auck. Gas . . 0 7 7'/ a 426 318 9 Dom. Brew. 2 12 3 100 3 12 9 Con. Brick (3) 0 9 9 400 3 1 6 Farm. Trad. . 1 8 3 100 3 10 10 Flet. Hldgs. . 1 12 9 172 3 13 3 Xat. Pictures . 0 12 fl TOO 4 0 0 Reid Rub. (2) 1 15 0 210 3 8 7 Wilsons Com. 1 1 0 100 1 12 1 Also.—Stock. 1/8/16, 2V a (£350), £99 7s fid; Ditto, 15/1/46-19, 4 (£300), £lOl 12s 6d; P. and O. Deferred (100). 555; Reid Rubber, con., fully paid (150), 34s fid; Emperor (100), ttis 3d; Mount Morgan (100), 8s Id; Rawang Tin (400), 9s 9d (2). •Turnover Is represented by the face value of loans and the number of shares sold. YESTERDAY'S PRICE CHANGES Previous Sale Variation £sd s d W.L., 1/10/53, 2'/, . 96 0 0 +lO 0 Stock, 1/8/46, 214 • 100 3 9 t Liberty, 15/5/48, 2 1 / a 9B 12 0 +5 0 Do.. 15/12/53-56, 8 99 2 6 +7 6 Consol. Brick .. 0 9 6 +0 3 National Pictures .. 0 12 0 +0 6 Wilsons Cement .. 10 9 +0 3 Mount Morgan .. 0 7 10 +0 3 tPrevious sale cum interest. Wellington.—War Loan, 1/10/53, , 214 (£10,000), £96 10s; Victory, 15/4/60-59 3 (£500). £'99 ss; Stock, 15/6/52/55, 4 (£400), £lO5 1 os; Commercial Bank Australia (300), 18s 3d (2); Bank New South Wales (14), £34 10s; National Bank New Zealand (2(H)), 565; N.Z. Insurance (300). 98s 6U; Mosgiel [Woollen (50), £l4 7s 6d; A.C.I. (200). 575; Broken Hill Pty (2(H)), 47s 9d: Frozen Products (400), 20s 6d (2); Electrolytic Zinc pref. (100), 603; Macduffs (300), 16s 1 '/ 2 d; National Electric (300), 3-1 s; Reid I'ubber new, fully paid (110). 34s 7%d; Radio 1930 (:tOO), 21s (cum div.). " Christchurch. Liberty, 15/5/48. 214 (£300), £9B 17m (id, ditto 15/0/47-19, 214 (£800), £9B 7s Oil; Stock. 15/4/00-03. 3 (£225), £9B 17s Od; Bank New Zealand (150), sls; National Insurance (300), 275; Taringamutu Totara (100), 21s; Farmers' Trading (100), 28s 3d; Macduffs ord. (300), 10s; N.Z. Forests Products (116). 7s; Woolworths N.Z. (200), 25s 9d; Mount Morgan (V9K), Bs. Dunedln.—Liberty, 15/12/53-56, 3 (£2000). £iW As; Stock, 15/5/49-52, 4 (£200), £lO3 10s, Bank New Zealand (400), 51s (2); A.C.I. (400), 578; N.Z. Refrigerating £1 paid (100). 82s 9d. G. J. COLES' RESULT INCREASE IN EARNINGS Net *arnlngs of G. J. Coles and Co.. Melbourne, for the year ended June 80 were £171,401, compared with £148,999 in the previous year and £150,142 in 1942-43. Depreciation allowance was £93,954, against £90,105 Preference dividend of 8 per cent absorbs £12,000 and ordinary dividend, unchanged at 10 per cent, requires X129.1.Y2. The sum of £30,000 is transferred to reserve (against £BOOO in 19-14) and £31!) is carried forward, against £7O brought in. A bank credit of £00,982 last year has been converted into an overdraft of £92,387. SHAREMARKET INDICES London.- Financial Times (1926 equals 100) Govt. Rails Indus. Gold June 29 .. 115.0 01.1 141.fi 158.7 Julv 31 .. 114.9 01.8 137.4 155.5 Aug. 15 .. 115.4 02.8 140.1 157.7 Aug. 17 .. 115.4 03.2 140.3 157.7 Aug. 20 .. 115.4 03.8 140.0 157.8 New York.—-Dow Jones (1926 equals 1(H)); 1939; Highest (Sept.), rails, 35.90; industrials, 151.22. Lowest (April), rails, 24.15; industrials. 121.4. Rails Indus. Shares sold June 30 .. 0u.02 105.29 600.000 July 31 .. 57.12 102.88 870,000 Aug. 15 .. 51.53 101.79 910.000 Aug. 17 .. 53.03 101 ..'IS 1,-'lit,o(H) Aug. 20 .. 51.18 103.11 1,320.000 RECENT DIVIDENDS Huddart Parker, Limited, interim dividends are unchanged at 3 per cent preference and 5 per cent ordinary, payable September'2o. Auckland Meat Company, Ltd., Is paying a final dividend of 4 per cent on August 27, making 7'/? per cent (unchanged) for the year. RECORD BREWERY PROFIT A record net profit of £121,063 is reported by Queensland Brewery, Ltd., for the year ended June. 30. The increase on the year is £6255. The prodt has risen from £71,140 In three years. Higher earnings have resulted from requirements of the Allied services, the directors explain. These requirements are decreasing and in addition malt is being rationed because of a short supply. Dividends are unchanged at 7 per cent ordinary and 5'4 per cent preference, requiring in all £81,278. A sum of £lO, OIK) is placed lo reserve. NEW PRIVATE COMPANIES N'ew private companies have been registered in Auckland as follows: — "Hnymnc" Concrete Products, Ltd.- Capital. £BOOO In HOOD shares of £1 each. Shareholders: A. F,. Hayrnan, ('. A. McQuarrie. ,T. A. Ha.vman, G. F. Joseph, each 2000 shares. Objects: Quarry owners and concrete manufacturers. A. G. Grinter and Son, Lid.—Capital, £BOOO in 8000 stiares of £1 each. Shareholders: A. G. Grinter, 5100 shares; A. J. Grinter. 2500; Caroline Grinter. 100. Object: Builders and contractors.

CLOSING QUOTATIONS Changed quotations on yesterday's share market were:— Buyers Sellers £ 8 d £ 8 d Com. Bank. Syd. . •20 0 0 21 10 0 Bank N.S.W. .. 31 10 0 34 15 0 Hank New Zealand 2 10 0 2 10 11 Union Bank 8 ,5 0 8 fi 6 Nat. litsnr. ("/•) . 1 7 0 1 7 fi N.Z. Insurance . . 4 18 0 4 18 0 South British ill)/) •1 9 9 4 J 1 6 Standard Ins. (cx d.) 4 4 0 — . F.A.C. (i'5) 5 4 0 — T>itto (B prof.) . 1 6 0 — Loan and Merc. . . 0* 0 0 71 0 0 N.A. Frms'. (B pf.) 0 18 9 1 0 6 Traders' Fin. (eon.) 0 6 4 — United P. Bldg. (Ak.) 1 3 0 1 4 9 ■Auck. Gas (10/-) 0 7 0 0 7 9 Ditto (.5/-) 0 •2 11 0 3 2 North. Steam. (11/) 0 11 4 0 11 9 Union Steam (pf.) I 12 0 1 13 0 National Timber . 0 7 0 0 9 9 Bruce Wool (ord.) 1 10 0 — Oamarn Wool . . 1 10 0 1 11 0 I>om. Brew, (ord.) 2 12 3 — X.Z. Breweries .. — 2 7 0 Tooth's 3 1 0 3 4 0 Went land Brew. . 1 10 3 — Auckland Laundry . 0 18 0 0 10 0 A.C.I 2 10 9 2 17 0 Broken Hill Pty. . o 7 0 2 8 0 By croft 2 13 0 — Colonial Sugar 00 10 0 00 17 0 Consolidated Brick 0 P P 0 10 0 Farmers' Trading . I 8 0 — Grey and Menkes C1 (>/-), ex div . 0 18 0 — Rill and Plnmnier 1 12 3 — K.D.V. Boxes (10/) 0 11 3 0 11 0 Macdtiffs (pref.) .. 1 7 0 — Macky, Logan 1 10 q 1 17 0 M.K. Mfrs. (,■>/-) .. 0 s 0 0 8 0 National Pictures . 0 12 0 0 13 o Forest Products (pf.) X.Z. N'papers (10/8) 0 11 0 0 12 0 2 ,"> 0 — X.Z. Refrig (con.) 0 11 8 .— Nivpn, J. J. (ex d.) 1 0 0 — Radio (1930), ex d. 0 10 0 1 1 0 Reid Rubber 1 14 9 I IS 3 Ditto (con.) 1 P 0 — Ditto (con., f.p.) 1 14 0 — Wilsons Com. (10/) 1 0 P — W'wths (N.Z.), 5/I 5 0 1 0 3 W. R. Carpenter . 2 4 0 2 s 0 Waihi Invests. . . 0 0 3 0 0 s Emperor 0 10 3 0 10 p Mount Lyell 1 8 0 1 8 0 Mt. Morgan (ord.), 2/0 0 ft 1 0 8 3 New Broken Hill . 0 1ft 0 — Placer Development 4 7 0 R 0 0 Rawang (10/0 0 P 0 — w.T,.. t/io'.-n, IV, PO 7 6 PO 10 0 ■Stock — 1/8M0, 2'4 Pf) 7 fi — ir.'fi/iT-in, 2V, . OS 10 0 — IVP'tO-18. 3 .. 100 0 0 — i .v.v.->3-r>o. a .. no 10 0 — i.vio/r».v>o. 3 . on 10 0 on 12 0 ISM 'oo-n.1. 3 .. PS 1S 0 — l s, 3 PR 10 0 P8 17 6 i.vn'.->7-oo, v/ t , 102 o 0 -— 15'1/io-m, i .. 101 12 0 — i.vs/m-.Y?. 4 103 17 0 104 0 0 31/s/r, i-r>s, t .. 107 0 0 107 10 0 Thames. 1/1/71. 3 so 0 0 SO 0 0 Amal. Brick (Akld.), 1/3/S1.S0, S 10S 10 0 — Auck. Gas (p.d.s.) PO 10 0 —