FINANCE & COMMERCE

Dominion, Volume 37, Issue 8, 5 October 1943, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations

The latest buying arid selling quotations recorded yesterday on the Wellington

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

AUCKLAND. Auckland City, 4j p.c-, 1959. £lll/10/-: Nat. Bank of N.Z., £2/10/-; Farmers’ Co-op. Auct., £4/16/6: South British Insurance, £3/13/4; N.Z. Refrig., £1 paid, £l/6/-; Christchurch Gas, £l/4/6; Leyland O’Brien Timber (2). £l/1/3; National Timber, 9/-; Dominion Breweries (odd lot) £l/18/6; Broken Hill Pty. (odd lot). £2 4/9; Consol. Brick (4), 10/-; Forest Products, 8/-'; Taranaki Oil, 4/6; Martha, 8/10; Waihi, 4/8. CHRISTCHUKCH. Canterbury Frozen Meat. £l5; Dominion Breweries, £l/18/6; Booth Macdonald, pref., 8/6. DUNEDIN. Bank of N.Z.. £2/2/-; South British Insurance, £3/13/3; Macduff's, Ltd,, 12/6, RESERVE BANK Note Issue Lower The sterling exchange funds of the Reserve Bank on September 27 totalled £25,810,481, an increase of £215,151. The note, issue at £33.635,857 has decreased by £132,311. The statement, as at Monday, September 27, is as follows: — LIABILITIES.

£ (N.Z.)79.663,510 13 5 Proportion of reserve to notes and ether demand liabilities 37.36 S per cent.,. compared with 37.031 per cent, on

The reserve on September 27 xvas £2S.007,277, an increase of £218,683. A year ago the reserve was £29,371,416. Sterling exchange on September 27 was £25.810,434. an increase of £215,1ni. Liabilities in currencies other than New Zealand currency were £5034 (a decrease o" £3532), thus making the banks net overseas assets £25,505,400. an increase of £218,683. A year ago these assets amountecf to £26,569,549. " , : _ Advances to the State Marketing Department totalled £3.1)00.892, a decrease of £270.505. A year ago they were LJ.nll--312. Advances to the State for ”Iher jmrnoses remain unchanged at £3J.703,u0u, against £22,300.000 a year ago. Tim note issue on September .7 was C 33 035 857 a decrease for the week or £132,311. A year ago it was £26.807,043. 'Demand liabilities to the State to t-11.784.637. a decrease of The trading banks’ reserve balances total 523.M15', an increase of £l,l9J.L>b. liabiiiHcs at £611.923 have decreased by *Tbe statement balances at £79.663,511. « decrease of £101,591. Dividends Declared lluv’s Ltd. Christeliureh, have declared a dividend ot 7* per cent an unchanged rate, for the year ended August 19, payable on Of-tober IS. Transfer books close October 9-13. inclusive. Australian Iron and Steel Ltd., transfer books will be closed from October W. till November 1, inclusive, with a view to the pnvment of the half-yearly dividend on preference shares on November 1. 100 dividend rate will be announced later. Gold Mining Tim following information has been cabled to the London office of the Martha Hold Mining Company (Waihi), Limited; For tho period ended September IS. >-4-’-tons I,l’ ore wore crushed for n result nr •’7SI line ounces gobi and 21.15 C fine ounces of silver. The erusliing time was 2o days. The low tonnage crushed was due to a temporary mechanical interruption al the Viftorin mill. w The N’galiere return for the four ■weehs ended October 1 was 523 ounces for hours from 208,9111 yards. Tho Maori Cold dredge last week returned ilo-z. 17dwt. for 11S hours from 11.000 yards. Mt. Morgan Lower Profit Treatment of lower grade ore.and an Increase in costs contributed mainly to a fall in net profit of Mount Morgan. Limited (Queensland), to £S’-.0<7 for the 'ear ended June 29 from £l-". 3 ' 4 For 19-10-41 the profit was ... Lq accounts show gross income at s-N-HmiJ. against £904.284 tn the previous year, ana depreciation at £40.925 compares wit*! £3(1.030. The carry forward is £lBl>.j..H. against £147,319 brought m. No otflinary dividend is recommended Last year the distribution was 2(U‘ P pr ecut. .1millcd decreased bv 37.030 ions. Mining treatment costs of’sulldiide ‘' r e rose to 13/9.0 .'I lon from 12-’2.52 . Smelting cost a ton of copper was £2l/8/9, agaiißv £l*l

Swek Exchange were as follows:Sellers. Buyers. £ s. d. £ 8. < a. 2| p.c., 1/8/46 (17 15 0 — 2i p.c., 15/9/47 97 0 0 3 p.c., 15/7/1945 99 5 0 — 3 p.c., fl/8/51-54 (IS 0 0 —— 3 p.c., 15/9/52-55 9-8 0 0 3 p.c., 15/5/53-56 98 10 0 —— 3 p.c., 15/12/53-56 .... 98 0 0 3{ p.c., 15/1/56-59 .... 100 5 0 —. 3J p.c., 15/9/57-60 .... 100 0 0 100 17 6 3J p.c., 15/1/53.57 .... ■102 7 6 —— 4 p.c., 15/2/43-46 ..... 101 0 0 4 p.c., 30/11/1948 104 30 0 —- 4 p.c., 115/4/46-49 103 15 0 4 p.c., 15/(1/52-53 .... 106 0 0 1 p.c., 31/5/54-58 107 7 <1 — War Loan, 21, 1/10/53 93 5 0 —• Liberty Bonds, 15/9/49 0 19 0 —— Coni. Bank Aust., pref. 10 2 6 —— Nat. Bank N.Z 2 9 6 — Bank N.S.W 33 17 6 — Bank New Zealand .. 2 2 0' — Ditto, D mort 1 11 6 — Union Bank Aust —— 7 15 (1 Nat. Bank A/asia .... 12 0 0 — Equitable Bldgs 4 0 3 — N.Z. Guarantee xO 3 4 W.F.C.A., pref, 0 7 0 Wgtn. Inv. T. & A. .. 0 7 5 •— Wgtn. T. and Loan .. 3 7 6 —— Traders’ Finance, cont. 0 5 0 —- Wgtn. Gas, ord 1 It 3 —— Ditto, pref 13 6 — 1 - New Zealand Ins — 4 5 0 3 0 6 .. „ ~ South British Ins. ... 3 13 e Canterbury Heat .... 14 10 0 —— Gear Meat 1 2 6 —I N.Z. Refrig., £1 15 8 ——• Wgtn. Meat Exp. .... 0 11 6 — Huddart Parker 2 17 0 Union Steam, pref. ... 1 10 0 ■Westport Coal 15 0 —— Bruce Woollen .— 1 10 9 Felt and Textiles .... 2 9 3 —• 17 3 - ■— Timaru Woollen 1 1 6 Wgtn. ,Woollen S 12 0 —- Ditto, pref 8 14 6 Rotoitl Timber 0 6 6 N.Z. Breweries 1 16 6 — Tooth and Co. 2 17 3 British Tobacco 2 7 0 Broken Hill _- 2 5 9 Burns, Philp 3 0 0 — Consol. Brick — 0 10 6 0 6 6 D.I.C., pref 16 0 — Grillin & Sons, £1 .. 1 0 0 Ditto, 10/0 10 0 MM. Hume Pipe 0 14- 3 —• I.C.I., pref 15 0 J. .7. Niven ;... 0 15 1 Macdutfs, ord 0 12 4 « Ditto, pref 14 0 1 5 0 Mackay Logan ....... 19 6 —.... Metters (N.Z.) 0 17 3 — Morris Hedstrom 1 13 0 — National Electric .... 1 8 0 — N.Z. Farm. Fert., pref. 1 3 6 —— Sharland & Co., ord. . 1 8 0 19 0 Taranaki 'Oil 0 4 9 Woolworths (N.Z.) •• 0 16 6 — Ditto, pref xl IS 6 — 18 6 ■ ■ IM Ditto, deferred 1 1 0‘ — Kanieri ord 0 19 0 M. Ditto, deferred .... 0 11 0 0 9 3 Mt. Morgan 0 9 10 3 6 0 1.1. UNOFFICIAL LIST. a.p.a 0 14 0 _.M. Aust. Motorists Petrol 0 16 0 — Wainui-o-mata Land Develop., 5 p.c., 31/5/46 95 0 0 - E. W. Mills 95 0 0 100 0 0 x Ex dividend.

WELLINGTON. No. of Sale Price. shares. £1000 laser. Stock, 3 p.c., £ B. <1. 1'5/5/53-56 *9S 12 6 £7000 Ditto, 3 p.C., 15/12/53-56 (2) OS 2 6 316 Bank of N.Z. 2 2 0 250 South British Ins. (3) .. *3 13 3 350 Consol. Brick •0 10 0 *Late sale Friday.

£ s. d. General reserve fund ...... 1,500,000 0 0 Bank notes '.. 33,635,857 0 0 Demand liabilities — 1.1,784,637 30,523.467 (b) Banks ... 11 6 3 (c) Other 611,923 0 O Liabilities other than in 5,033 N.Z. currency 11 0 Other liabilities ■ 1,602,592 5 8 £ (N.Z.)79,663,510 13 5 ASSETS. Reserve — (al Gold (b) Sterling exchange .. 2,801,877 25,810,433 10 13 0 11 Subsidiary coin 36,557 17 11 Advances to the State— 3.900,891 14 (1) Marketing Dept. ... 6 (2) For other purposes ♦5o, (oO.OOO 10,323,010 0 Investments 4 9 Other assets .. 12 4