COMMERCIAL

New Zealand Herald, Volume 82, Issue 25289, 24 August 1945, Page 4

COMMERCIAL

AUCKLAND EXCHANGE STRONG LOANS MARKET Bu vers increased their activity on the Auckland Stock Exchange .yesterday with strong- support for gilt-edged securities and leading shares. Offers for a wide range of Government issues hardened ami larger supplies were obtained at firm levels. Insurances were very active, New Zealands changing hands more freely at the current price while South British gained 9(1 on a turnover of 300 shares at 90s"9d. Several industrial and trading issues added to recent gains. CLOSING QUOTATIONS Changed Quotations on .yesterday's itharemarket were: — Buyers Sellers £sd £ s d Com. Bank A us. 0 18 3 0 lta 5 Com. Bkg. Syd. 'JO 5 0 '2l 10 0 Hank New Zealand 'J JO 3 2 10 <i Nat. Insce. (</-) 17 3 17 6 New Zealand I usee. 4 IS 0 4 19 0 Slli. British (10/-) 4 10 0 Standard Insce. . . 4 5 0 4 7 0 Newton King (ord.) 0 3 0 Jlilto (pref.) . . 1 4 9 N.Z. Guar. (3/-) .. 0 4 3 Loan and Merc. (>8 O 0 70 0 0 N.A.F. (B pref.) o 19 0 10 6 Trad, finance (17/(i) 0 17 0 0 18 3 United Blilg. (Ak.) 1 4 0 14 () Gisbome Gas 0 5 0 North. Stm. (11/-) 0 11 0 0 ill » P. and 0. filer.) '2 14 0 2 18 0 Union Steam (pf.) .1 12 0 Taringamutu . . 018 6 12 0 Felt and Textiles 2 18 0 Dum. Brew, (ord.) 2 12 0 2 14 0 New Zealand Brew. 2 0 3 2 7 3 Tool lis .. .. 3 2 0 Anthony Hordern . 1 3 0 Entrican (£1 pf.) 18 0 1 ft 0 A.C.I. 2 17 0 2 17 3 Broken Hill Ply. 2 7 9 2 8 0 Burns, Philp . . 3 13 0 Colonial Sugar . . 00 12 6 00 15 0 Farmers' Trading . 1 8 3 1 8 0 Kiel. Hid if. (ord.) 1 13 0 1 13 0 K.D.V. Boxes (10/) 010 6 0 11 2 Maeduffs (ord.) . 016 0 010 6 McKendrick (pf.) 1 6 3 Macky, Logan 116 9 1 17 0 M. and C. (deb.) 1 10 6 M.K. Mnfrs (5/-) 0 8 0 National Pictures . 0 12 0 N.Z. N'papers (10/8) 2 5 0 2 8 0 N.Z. Refrig. (con.) 0 14 0 Reid Rubber . . 1 14 0 1 14 6 Do. (new f.p.) 113 9 114 3 Silknit (N.Z.) .. 18 0 18 0 Whittome-Stevenson (ex div.) . . 15 6 • Wilsons Cein. (10/) 10 9 118 Wlwtlis. (N.Z.) 5/- 1 5 0 Ditto (Syd.) 5/- 15 6 1 5 9 Ditto (2nd pref.) 110 10 112 0 Wlwtlis. (W.A.) . 5 0 0 3 10 0 W. R. Carpenter 2 4 0 2 0 0 YVaihi Invests. 0 0 4 0 0 8 Biff River ... 0 0 5 Mount Lyell I 7 10 18 6 Mt. Morgan (2/0) 0» 8 1 0 8 3 I'lacer Development 4 8 0 5 0 0 Rawang (to/-) .. 0 10 0 War Loan - 1/10,.-, 3, 'JVa .. 96 10 0 Stock - 1:► .-»/■!«, .. M> 2 6 m 5 0 I 5/0/4 7-19, 2'/, . US 10 0 98 15 0 1 .->/2' 10-M). -2% . »7 15 0 08 10 O 1/8/5 i-si, 3 .. no o o —- 1 5/9/52-55, 3 .. 100 '2 0 I.V 12/53-5(1, 3 . 99 10 0 99 15 0 15/4 fio-(i:i, 3 . . 99 0 0 1 5/2/'S,VSS ) 3. . 99 0 0 09 5 0 1 ,V9 ; 57-(!0, 3 17 4 . 102 5 0 15/1/•">3-57, 3V, • 102 10 0 103 5 0 15/5/49-52 4 . 103 15 0 15/0/52-55, 4 .. 105 15 0 100 5 0 '3O/11/48, 4 103 10 0 101 0 0 N. 5.8.. 3/10/49 90 5 O 97 10 0 Thames Borough. 1/4/02, 3 85 0 0 MARKET TURNOVER RETURN ON INVESTMENTS In the following list of yesterday's salo 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 i s <1 over* £ s d Lib., 15/0/4719, 2% (2) US 10 0 £IOO 217 1U Do., 15/9/5255, a .. 100 2 6 £3OO 3 1 7 Do., 15/12/63- - 56, 3 • . HO 12 6 £.'>oo 3 0 10 Vic., 15/2/ SoDS, 3 98 ID 0 £6OOO 3 17 Ditto . 99 0 0 £SOO 3 1 1 Do., 15/4/4059. 3 99 6 0 £3500 3 1 0 Stk., 15/5/4952, 4 104 0 0 £325 3 1 8 • 11.8 P. Bd., 31/7/49 4 % . . 103 5 0 £2OO 3 6 2 Thames Bor., 1/4/02, 3 87 10 0 £IOO 4 2 0 Do., 1/4/74,3 S3 0 0 £4OO 4 2 8 , Do., 1/4/75,3 82 15 0 £2OO 4 2 8 Bk. N.Z. (2) 2 10 6 250 2 15 5 Nat. Ins. .. 1 7 3 200 2 15 1 N.Z. Ins. (5) 4 .18 6 350 2 10 9 Sth. Brit. (3) 4 10 9 300 2 4 2 Loan & Merc. (2) 09 0 0 £1075 3 11 8 Nth. Steam 0 11 6 400 4 15 8 Felt and Tex. 2 19 0 100 3 7 9 Bkn. Hill Pty. 2 8 0 100 2 18 Col. Sugar . 60 15 0 20 2 12 5 Flet. Hidsrs. 1 13 3 250 3 12 2 Macky, Logan 110 9 300 4 1 8 Wilsons Ceni. 110 200 1 12 1 Wwths. (W.A.) 5 5 0 25 2 5 9 Mt. Lyell . 1 8 3 200 ♦ Also: National Savings Bonds. 3/10/49 (£100), £9O 15s; ditto, April, 1947 (£350), £9l; K.D V Boxes (200) Its. Hawnnif Tin (100), lOs 2d ♦ Interim dividend passed. 'Turnover is represented by the [ace value of loans and the number of shares sold YESTERDAY'S PRICE CHANGES Previous Sale Variation Lib., 15/12/53-56, 3 99 10 0 +2 0 Stk., 15/5/49-52, 4 IU3 17 6 +2 0 Bank New Zealand 2 11 0 -0 (i South British . 4 10 0 +0 9 Loan and Mercantile 65 0 0 +BO 0 Northern Steam .. 0 11 3 +0 3 Felt and Textiles .. 2 18 0 +1 0 Colonial Sugar . . (JO 17 6 -2 6 Fletcher Holdings .. 113 0 4 0 3 Wool worths (W.A.) . 5 0 0 +6O Bawang Tin ' . . 0 9 9 +0 5 Wellington. War Loan, 1/10/53, 2 '/a (£150). £96 3 0s; Victory, 15/4/56-59. 3 (£10,000), A'l)9 7s (id; ditto, , 15/2/55-58, 3 (£350). £9B 12s (id; Liberty, 15/5/48, 2'/* (£1000) £99 2s (id; Stock, 30/11/48. 4 (£2100), £lO3 12s (id; Bank New Zealand (250), 50s 10(1; N.Z. Insurance (250), 9Ss (id; West port Coal (2XI). 278; Fletcher Holdings (100), 335; Macky Logan (300), 36s 9d; Wilsons Cement (100), 21s Id; Woolwortlis Syd. (100), 25s (id; ditto (300), 25s 9d; Mount Lyell (200), 28s. Unofficial list: Australian Motorists Petrol (150) 25s (id; Rubber Distributors 1 lot)), 265. Christchurch. —Wool bonds, 1/2/48 (225), 21s; Bank New Zealand (100), 50s 6(1, 50s 9d; Westland Breweries (200), 32s t)d; K.D.V. Boxes (200), lis Id; Morris Hedstrom (50). 495: I'eid l'libber (200) 31s 9d. Dtinedin. -Stock, 15/4/00-63, 3 (£1775), £99; Wool bonds 1919 (£116(1). 20s 0(1; Bank NSW. (15). £3l 1 Os; Loan and Mercantile ord. stock £1075), £69; National Mortgage A (100), 725; N.Z. Farmers' Co-op. Assn. B pref. (10), 70s; Westport Coal (too). 275; Broken Hill Pty. (200), 4XS; Macdnffs ord. (25!u, His; Mount Lyell (700), 28s 3d. SHAREMARKET INDICES London.- Financial Times (1926 equals 100): Govt. Hails Indus. Gold June 29 . 115.0 61.1 141.6 15X.7 July 31 .. 114.9 61.8- 137.1 155.5 Aug. 20 .. 115.4 63.8 110,9 157.8 Aug. 22 . . I 15.1 03.S I 1(1.7 157.X Aug. 23 I 15 5 03 I ! 11l <i 157.7 New York.- Dow .(ones (1926 equals loo); 1939: .luihesl 'Sept.), rni..». 35,!i0 ; industrials, 151.22. Lowest (April), rails, 21.15; industrials. 121.4. Hails Indus Shares slilil June 3(1 . . (i 11.02 165.29 060.00(1 Jlll.V 31 .. 57 12 102.x.s N70.000 Aug. 20 .. 51.1 Sj 103.11 1,320,0(10 Aug. 21 .. 52,12 103.3S 1.100,00(1 Aug. 22 .. 52.79 10 1.51 700.000 WHITTOME STEVENSON After providing £7175 for deferred maintenance, as well as provision for the usual annual depreciation, WhilKiine. Stevenson and Co.. Ltd., earned a net profit of £215! for the year ended June 30. The amount compares with £2lsfi iiiid i M si ruck afler debiting £5x25 for taxation against £3019 in the previous year. Dividend is the usual 0 per rent, absorbing tlx 15, (lie carryforward being increased by LOOO to £2258. Gross profit was £2X,(i!) 1, compared with £ IN,OBO in the previous year Results for three years a re:— June 30 1913 1911 1915 Brought in .. £126!) £l3ll £1652 Net profit .. 18,87 21X0 2451* £3156 £3197 £4 103 Piv., 6 p.c p.a. 1845 1845 1845 Carried forward . £l3ll £1652 £2258 •After providing £7175 for deferred maintenance. Bank overdraft of' £3161 which appeared in the 1014 accounts has been converted into cash at, bank totalling £3365. In addition there are investments In Government war loan of £1250 and deposit re contract and prepayments totalling ClOftO, both new items. She balance-wlieet total is £56,805 against £51,660 a year ago. NGAHERE PROFIT LOWER A decline to £3872 in net profits for 1914 from £22.037 for 1943, is shown bv Ngahere Gold Dredging Ltd (West Coast). The profit increases tlie credit, balance to £65,010, Prodin tion for the year and also for seven months of the current year, suffered from the deof the old bucket band, with the new band installed, much betUr reWW »» «aw*ta4. tfc* Mport tUUt.