WELLINGTON EXCHANGE

Dominion, Volume 36, Issue 31, 31 October 1942, Page 5

WELLINGTON EXCHANGE

Yesterday’s Quotations The latest buying ami selling quotations recorded yesterday on the Wellington Stock Exchange were, as follows: — N.Z. GOVERNMENT LOANS.

Dealings in stocks and shares recorded uVcU Jot being shown in the case o£

War Loan, 1-10-53, £92/17/6; Auckland Harbour Bd„ 4| per cent 1044 £lO./-/b, Comm. BaHk pt AbsL o Bank, £3/13/6; Bank «« N.bAV. (D. £-« 15/-; N.Z. Insurance, is/T ’dPto’ con , 7/-; Grey and Menzies, 13^6! N Z ’Drug Co., £2 paid (odd lot), £4.’ Unofficial list: Majestic Theatr (Auckland), 4i per cent, debs., Mol, £3l 10/ ' - CHRISTCHURCH.

Inscr Stock, 3 per cent., 1952-55, £99 I0A? Bank of N.S.W., £29/15/-; N.z. Farmers’ Co-op., 4A per cent., 1949, ? Breweries, £l/14/- » Dominion £l/1/-; Electro Zinc, ord., ditto, nref., £2/8/6; Woolworths Ay; ’ ditto, pref., £l/17//6; Mt. Lyell, £l/8/-. Unofficial list: Canterbury Seed (-), !•/-• DUNEDIN. N.Z. Ref rig., 10/- paid, 10/3; N.Z Drug Co £2 paid, £4; National Electric, £l/4/-. Bank Of England Return (Bv Telegraph. —Press Assn. —-Copyright,) LONDON, October 29. The Bank of England return tor the week ended October 28 is as follows. - Issue Department.

Dividends Declared The Oamnru Worsted and Woollen Mills, Ltd. have declared a final dividend for the war ended September 19 of 3 Per cent., puruble on November 12, making b per cent, lor the year, an unchanged rate. Transfer books will be closed tin No\cm* lK ]Ten"rv Jones Co-op., Ltd., has declared a dividend of I/O a share, payable on December 16. Transfer books will be dosed from December 2 to December lb. inclusive. N.Z. Guarantee Corp. At the annual meeting of the N.Z. Guarantee Corp.. Ltd., yesterday, the chairman, Mr. W. Thorpe, announced that the board had decided to invest £lOOO in the second Liberty Loan, bringing War J< oar * V lv ~ " ments up to a total of £13,430. The retiring directors, Messrs. Godfrey Mugnus and Ken Duncan, were re-elected. Gold Mining The Slub Hut dredge, for the week ended October 24, 11142, returned 41oz. tor 111 hours from 14.300 yards. The Oknrlto dredge returned looz. 14 awt. for S2 hours from 3383 yarns. Mount Morgan reports an estimated working surplus of £3700 for the toui wwks ended October 21. The Maori Gold return was io dwt. for 107 hours from 12,000 yards. N.Z. Exchange Rates I’elegraphie rates ol exchange. New Zea laud un the overseas centres menttoned, are quoted bv the Bank of New South Wales as follows:— , ~, Buying belling. Montreal, dot. to £N.Z. 3.6039 New York. dot. io £N.Z. 3‘2.U2 India, pence to rupee 22 3-10 -'-i Ceylon, pence to rupee .. *-’-3-16 Loudon, £ N.Z. to £ Slg.loo 12lu> Ua Aust. £N.Z. to £IOOA. 100$ W0 Fiji. £N.Z. to £IOOK. .. 90 880-8 S Africa, £N.Z. to £S.A.IOO 123 !-•» 1-8 Wellington Wool Appraisals The Wellington Wool Brokers’ Association announces that the following Wellington appraisal dates have been Used for the 11)42-13 season:—November (I, November 27, December 18. Subsequent dates will be announced later.

Buyers. Selle d. 21 P.c., 1/8/40 98 5 0 — 24 p.c., 15/9/47 11 < . . (1 .—- 3 p.c., 15/7/1945 loo o 0 —■ 3 p.c.. 15/9/46-4$ 99 10 o — 3 p.c., 1/8/51-54 99 5 0 — 3} p.c., 15/1/50-59 .... 101 5 0 — •1 p.c.. 15/2/43-40 100 5 0 — ■1 p.c.. 5O/11/194S 105 () —• 4 p.c., 31/5/54*5$ 107 10 < i — 4 p.c., 15/2/43-46 100 5 0 — War Loan, 1953 1)2 10 0 — Liberty Bonds 0 IS 0 — miscellaneous. Comm. Dank Aust. ... 0 14 s — Nat. Bank o£ N.Z. .. 2 4 'J — Bank N.S.W 29 0 0 —- Bank. New Zealand .. cl 19 —. Ditto, 11. Mort Cl 10 9 —. —■ 7 10 0 N.Z, Guarantee Cor.p. xO 2 10 — N.Z. Loan & Merc. .. 28 0 (1 —- W.F.C.A.. pref U <) • 1 — Wgtn. Invt., T. & A. 0 i () 0 1 6 Wgtn. T. it Loan .... 3 16 0 — Wright, Stephenson .. 0 19 0 —- N.Z. Inv., Mtg. & Dep. 0 8 V — Wellington Gas, ord. . 1 10 (1 — Ditto, pref 1 2 0 — National Insurance ... 1 0 9 — New Zealand Insurance 3 13 0 —— South British Insurance 3 4 < > —— Queensland Insurance 2 11 1) — 0 .17 . > Wgtn. Meat Export. . 0 8 0 — 1‘. & o 1 17 Bond’s Hosiery Mills 1 8 0 Bruce Woollen —- 1 G 0 Kelt and Textiles .... 1 IS 0 0 .18 o ■ 1 10 0 —— 1 3 0 — X „ 0 19 0 Wellington Woollen . 7 4 0 — 7 12 0 Leyland-O'Brien TimbOt 0 IS 0 — Taupo Totara Timber 0 5 6 — N.Z. Breweries 1 lo A C I c2 S — Booth Macdonald, pref. — 0 7 0 0 5 DJ.C., pref 1 4 6 — Electro. Zine. prei. .. x2 7 0 Griffin & Sons, £1 pel. Ditto, 10/- paid 0 15 !) — 0 7 — 0 5 9 0 17 8 1 3 0 —• N.Z. Newspapers It. & 1'1. Tlngey, pref. 1 2 0 — Sharland & Co 1 3 Victoria Laundry ... 0 15 0 6 Wilson’s Cement .... o n 3 10 15 o Woolworths Ltd -— o Woolworths (N.Z.) ... Ditto, Properties .. 1 3 b 1 7 3 0 9 9 —• Barry town 0 13 0 0 14 0 — 0 0 7 0 8 3 —- 1 7 —— New Occidental • ••• c Cum dividend. 0 8 0 — Ex dividend. Stock Exchange Sales

Wellington: WKLr INGTO n. Sale price. No. of shares. , £450 War Loan, J/10/oo •••••• 100 South British insurance 100 Macduffs Ltd., pret 92 12 0 3 3 0 . ’0 17 9 200 Sanford Ltd. “Late sale Thursday. AUCKLAND.

Jp In circuGovt, debt 11,060,000 Other Govt. In banksecurities 806,200,000 ing dept. 29,000,000 Other seen- • rities 1,500,000 Silver coin 1,300,000 •880,000,000 Gold coin & bullion 200,000 £880,200,000 £880,200,000 ‘Amount of fiduciary issue. Banking ] Department £ £ Capital 14,500,000 Rest 3,100,000 G rHies £ ° CU ’lol,300,000 Deposits: Public 3,800,000 dances aJ ‘ 2,300,000 Bankers 141,100,000 OthersecuOther acs. 48,000,000 rities 27,200,000 Notes and coin 30,400,000 it ° i: -loo.ooo £211,400,000 Proportion of reserve to liabilities, R>.< nor cent., compared with 17.4a per cent. items of the above return compare as follows with those of a week:— Oct. 21. Oct. 28. Deposits— Pu'hlic 7,300,000 3,800,000 Bankers Other accounts . 138,700,000 141,100,000 51,000,000 48,900,000 ’ £197,900,000 £193,800,000 Securities — Government Disets., advances 158,200.000 151,300,000 2.0tX>,000 2,500,000 Other securities . 20,200,0110 21,200,000 31.500,000 30,400,000 Note circulation .. Gold coin & bullion 847,1X10,000 851,200,000 200,000 200,000