FINANCE & COMMERCE

Dominion, Volume 36, Issue 19, 17 October 1942, Page 5

FINANCE & COMMERCE

OVERSEAS TRADE

Exports Increase; Big Favourable Balance A very substantial increase in exports, and si moderate -decrease in imports are toliown iu the overseas trade figures for August, released yesterday by the Customs Department. For the eight months of the current year exports show a huge increase and imports a moderate one, while the favourable trade balance is exceptionally high. Exports during August totalled £4,823.000, compared with £2,614.000 in August, Wil, an increase of £2.200,000. Imports for the month amounted to £3,590,000, against £4,091,000 in August, J 941, a decrease of £402,000. The favourable trade balance for the month was £1,221,000, compared with an unfavourable balance of £1,177,000 in August, 1941. Following is a comparison of exports and imports for August in the last live

Stock Exchange Sales Dealings in stocks and shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number of shares tn each lot being shown in the case of Wellington:—

AUCKLAND War Loan, 1/.10/53, £O2/15/-; Comm. Bank of Aust., 14/8; Nat. Bank of N.Z., £2/5/-; National Insurance, £l/11/3; Barniers’ Auct.. A ipref., £l/3/11; United Building, £1; Northern iStcani, u/-; Aust. Consol, industries. £2/8/-: Colonial Sugar, £s'2; Consol. Brick. 7/C: Reid Rlibber, new issue, £l/2/6. CHRISTCHURCH. .Bank of N.Z. (2). £2/2/-; Union Bank, £7/7/-; South British Insurance, £3/4/6: Kaianol Woollen, 7/- paid. 6/104: Beath and Co., £l/2/-; Booth Alacdonald, pref., 6/11, 7/-; Broken Hill Pty., »£l/19/9; Alt. Lyell. £l/7/9. •Late sale Thursday. DUNEDIN. Union Bank, £7/10/-; National Insurance, £l/1/-; South British Insurance, £3 4/-; N.Z. liefrig., 10/- paid, 10/3. Gold Mining 'The Maori Gold return was 320 z. 16dwt. for 428 .hours from 14.509 yards. Una Hill Consolidated report from Thames that the winze 'has Ibeen sunk 18 feet from the low level, with good colours and dabs of gold showing in the stringers. No. ‘2 reef has been located, and further, sinking will continue on this reef. A trial crushing will be put through within the next few weeks. 'The following returns are for the first half of October: Barrytown. 190 ounces for 218 bours from 78.000 yards: Kanlen, 354 ounces for 203 hours (from 72,000 yards ; Arahura, 496 ounces for 256 hours from 95,000 yards. Dividends Declared The Bank of Adelaide has declared a dividend of 5 per cent, per annum on paid up capital for tile ihalf-yeur ended September 30. payable on November 11. Books close from October 29 to November dll inclusive. The Perpetual Trustees Estate and Agency Co. of N.Z., Ltd., has declared an interim dividend of fid. a share for the six months ended September 30, payable on October 29. . . Cumberland Paper Board Mills Limited, Sydney, advise that transfer books will lie closed from October .16 to October 29 inclusive for dividend purposes. Canadian Victory’Loan The High Commissioner for Canada has received cabled advice from Ottawa that the third Canadian Victory Iman, with a minimum requirement of 750,001).000 dollars, is to lie offered with two maturities. One is a 14-vear issue maturing on November 1. .1956, payable 'lOl at maturity and bearing 3 per cent, interest, and the oilier a 31-year issue .maturing on (May 1, ifilli, payable at. par at maturity bearing 1.75 per cent, interest. Government Stock Prices (By Telegraph.—Press Assn.—Copyright.) LONDON, October 15. British Government stocks are firm and fairly active. New Zealand and Australian are firmer, witli more dealings recorded. , i . i , The following table gives tile in Stock Exchange quotations for consols and colonial Inscribed slocks, compared with

Stock And Share Indices (By Telegraph.—Press Assn.—Copy right.) LONDON, October 15. *‘l''in:inei:i! Times” stock and share ioillecs. wilh previous quotations tire (C>elo-

years August, Excess of Exports. Imports. Imports. £<N.Z.) £IN.Z.) £(N.Z.) 19 12 .... . 4.S23.009 3.u99,00t> ‘1,224,000 .1911 .... .. 2,(114,000 4,091,000 .1,477.000 into .... .. 4,584,009 5,120,000 536.000 W3H .... . 4.099.000 4,174,000 To,000 1938 .... . 3,823.000 5,063,000 1,240,000 Excess of exports. For the first eight months of this year exports wei e valued at £'37,824.000 compared with £44,467.000 in the correspondIng period of 1941. an increase of £13.357.000. Imports iu the ■same period amounted o £33.357.000. against £oO,480.000 in lie eight months of 1941, an increase of £2,8'71,009. The excess of exports for the period was £24,467,099, conipared with £13.981.000 in the same period of 1911. an increase of £ 10,486.000. Export and import values for the lirst eight months of the past live years compare as follows: — Excess of 8 mos. Experts. Imports. Exports £4N.Z. > £IN.Z.) £(N.Z.) .1942 .... . 57,824.000 33,357.000 24,4117.000 1941 .... . 44.467,000 30,4SG,000 13,9Sl.fKK) 1940 .... .. 54.245.000 34,050,000 20,195.000 1939 .... . 44.47S.000 36,440,000 8.038.000 1038 .... . 44,913,000 36,783,000 8,130,000 All values which are expressed in New Zealand currency, are for commodities only, specie being excluded.

WELLINGTON. No. of Sale price. shares. s. U. £400 Inscr. Stock, 3} per Cent., 1956-59 101 10 0 £350 Ditto 4 p.c., 1043-10 100 10 0 £ 500 Govt. Bonds, 4 p.c., 19-13-40 100 10 0 61 Nat. Bank of A/asia. ... 11 10 0 100 Nat. Bank of N.Z 5 0 SOO Wgtn. Invest., T. & A. 0 6 J 25 National Insurance 1 1. • > 200 South British insurance 4 0 300 Auckland Gas b 6 9 231 Christchurch Gas 1 — 8 300 Broken Hill Pty 1 19 9

those of October S: — ‘.I. Variation (T 1 3 t Consols, 2J p.e I’ 82 rice it Fund. Loan. 1900-1)0 114 10 () same War Loan, 31. 11)52 ■ 106 (j . I 0 11 3 i Conv. Loan, 3J, 11)01 107 1) 0 2 0 t Victory Bonds, 4 p.e. 114 13 9 same ("wealth. -1, 1945-75 . KM 1 3 same (."wealth, -1. 1943-49 . Oil 0 74 0 0 74f (."wealth, ll:,’, 1918-53 ‘ 1 .' 1 0 7i 0 I) 7tt (."wealth, 34, 1950-0)1 88 10 0 0 10 Of (."wealth. 3, .1955-58 . 85 15 0 0 15 0 t N.S.W., 31, 1030-30 . 10 0 0 7 6 f Victoria, 3, 11)29-40 .. <).•> 10 0 same Victoria, 5, 1915-75 .. IM 0 0 same Q’land. 3. 1924-47 .. 9 3 •j (> 0 7 G t S. Aust. 3. 19'10 (<>pt.) 73 0 0 17 6 t S. Aust., 5, 1915-57 . .101 0 0 same W. Aust., 4. 19-12-02 . IKS 0 7 0 1. lot* Tnsm.. I, '1912-02 ... 98 •r (> 0 2 (1 t N.Z., 4J. 1948-55 .... .100 15 0 0 15 O * N.Z., 3," 1915 flligher. 97 5 0 * Lower. 0 7 G t

bcr 15. 11)215. counts 100): — Indus- Goldtrials. mines. Govt, see’s. Home rails. 19-1.1 thigh) 11-1.<1 51.3 105.9 183.3 1911 (low) . 112.0 41.5 S3.0 100.1 Oct. 7 11-1.1 62.0 111.1 152.0 Ort. 9 11-1.1 Gt.6 111.0 151.3 Oct. 12 111.1 61.3 110.05 150 7 Oct. 13 11-1.1 (11.7 111.1 150.0 Oct. 11 IU.1 61.9 111.1 150.1