FINANCE & COMMERCE WELLINGTON EXCHANGE

Dominion, Volume 37, Issue 15, 13 October 1943, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations ’J’lio latest biiving and selling quotations recorded yesterday on the AVelliugton

Stock Exchange Sales Dealings in stocks and shares recorded on New Zealand Stock Exchanges yesterdav were as follows, the number or shares in each lot being shown in the case ot Wellington:— WELLINGTON. of Sale Price.

AUCKLAND. ,-,-io/sq Third Liberty Loan, 3 per cent., 10/iU/W--56, £9S/5/- (2); Bonds, 4 per cent., 15/-/40-46 46 £lOl/7/6; luser. Stock, -1 per cent, 15/0/43-46, £lOl/7/6; ditto, 4 per cent., 15/4/46-49. £lO4/2/6; Auckland Gas, perp debentures, 34 per cent., £B7/12/6; Bank of NZ. £2/1/10; (3);.N.Z. Insurance, £4/4/ b (3); Newton King, pref., £l/6/-; Northern Steam. 9/3, 9/2. Auckland Gas, 7/-, National Timber, 9/-; Kaiapoi, con.. 8/9, Claude Neon, £l/6/6; Consolidated Brick, 10/6; Forest Products, 8/-; G. I. Cates (odd lot), £3; N.Z. Newspapers, £l/18/8. Radio (1936), 16/3; Wilsons Cement 18/10 (2); Martha, 8/10. Unofficial list: I-letcher Holdings (rights), 2/4. CHRISTCHURCH. Government Stock, 3 -per cent., December, 1953-56. £9B/5/-: Commercial Bank of Sydney £2l; Goldsbrough Mort, £l/J/-. Gear Meat, £l/3/6; Christchurch Gas (late sale Mondavi. £l/4/6; Christchurch Gas, 10/- paid. 11/4; Broken Hill Proprietary, £2/5/-; Woolworths (Western Australia), £3/7/6.’ " DUNEDIN. Bruce Woollen, ord., £l/10/-; Fletcher Holdings (rights). 2/6: Broken Hill Proprietary, £2/5/-; Woolworths (N.Z.), Ib/S, National Bank N.Z. (late sale Monday), £2/11/-. Gold Mining Tlie return from the Slab Hut Creek dredge for the week ended October 9 was 450 z. from 16,200 yards in 116 hours. Australian Deposits Au already high rate of increase in savings bank deposits in Australia has been accentuated during the past two months. The addition during July and August was £24,000,000. a record two-monthly gain. In August the total rose by £11,<00,000 to a new high level of £382.000,000. During tlie corresponding two months or 1-912 the increase was £10,700.000, so that tlie present rate of growth is i>o per cent, greater than a year ago. Going back tvio years, the increase for the two months was onlv £6.500.000. Over a full year the iuerease is £92,000.000. compared with £31,200.000 tlie previous year.

U.S. Wool Consumption During the first five months of 1943 consumption of wool by United States mil s was 493.259.0001 b., an increase of 42.549.00 U lb compared with the corresponding period of 1942, reports Wlnchcombe Carson Ltd Sydney. Though turnover at th® mills eased somewhat in the following weeks, the record quantity of raw material used a year before is likely to be repeated. If that expectation is realized the vool used in the States for tlie three years 1041 tn 1943 will be the equivalent weight or 10 332,000 Australian bales. This stupendous total is far beyond the figures ever recorded by any other country. American Armv officials state that the United States Government requirements, ot woollens and worsteds for the fighting forces have passed the peak. Future needs for that purpose will be actual consumption and renewals. Reserve stocks of fabrics liavo been" accumulated and a large armv equipped. In Great Britain, when the first rush of Government orders ceased tlie use of wool decreased. Rationing of'clothing was introduced and manpower transferred from tlie mills to other more essential industries. In the United States clothing is not: rationed. Civilian consumption hits only been curbed because niillmen could not supply fabrics as a result of their occupation on Government requirements. Adequate civilian business is available to offset a decline in Government activity. Dow Jones Averages

Stock And Share Indices

Stock Exchange were as follows: — Buyers. £ s. d. Seilers. £ s. < 1. 21 p.c., 1/8/46 07 15 0 —- 21 p.c., 15/9/47 97 O 0 —- 2J p.c., lu/6/47-49 ... 96 15 0 — 3 p.c., 15/7/1915 .... 99 5 0 —— 3 p.c., 1/8/31-54 98 2 b 3 p.c., 15/9/52-55 .... 97 17 6 —— 3 p.e., 15/5/53-;>6 98 11) 0 —• 3 u.c., 15/12/o3-«>6 98 2 6 •— 31 p.e., 15/1/56-5!) .... 11)0 5 0 —— 3.1 p.c., 15/11/57-60 .... 100 2 (J — 4 p.c., 15/2/43-46 ..... 101 0 0 — 4 p.c.. 30/11/1348 .... 104 7 V ’ —• 4 p.c., 15/4/46-49 103 17 b 4 p.c., 15/5/49-52 105 0 0 — 4 p.c., 15/6/52-55 106 0 0 — 4 p.c., 31/5/54-58 107 10 0 —— 2) P.C., 1/10/53 93 10 0 — 4 p.c., 15/6/;>2-55 106 0 0 Liberty Bonds. 15/9/49 0 19 0 Connn. Bank Aust. .. 0 JG c —■ Nat. Bank N.Z 2 10 0 — Bank New Zealand .. —• 3 Ditto, D Mort 111 9 —— UBA 7 14 0 Newton, King, pref. . 0 19 6 N.Z. Guarantee .... xO 3 W li 1 ( ’ A pref. 0 7 0 —• Wn. Iuv.’t. & A 0 7 — Wgtn. T. and Loan . Nat. Mortgage, A .... 3 8 3 0 0 3 2 0 Traders’ Finance, cont, . 0 5 0 —— Christchurch Gas .... —— 1 5 0 0 11 0 O 12 0 Wgtn. Gas. ord 111 3 1 12 u ’Ditto pref 1 3 6 Queensland Ins 3 0 6 — 0 Canterbury Meat ... 14 10 0 1 2 9 — N.Z. Kef rig.. £1 .... 1 5 : 11 —— Ditto 10/0 12 4 Hnddart. Parker .... 2 19 0 — USS pref 1 10 0 1 11 0 Northern Steam 0 9 6 Westport Coal 1 5 0 Kaiapot Woollen, ord. —— 3 1 3 3 1 2 Prestige, pref 1 7 3 —■ Timartt Woollen 1 1 6 S 12 G —— Ditto, pref 8 15 0 — British Tobacco .... 2 7 0 — . 2 fl 3 0 0 0 10 ■ 0 10 6 0 6 6 — Claude Neon (N.Z.) .. 1 5 0 — D.I.C., ord 0 17 9 — Ditto, pref 1 6 0 . . 1 4 3 Griffin and Sons, £1 . 1 1 0 — Ditto 10/0 10 6 Hume Pipe 0 15 0 — .1 5 G i—— .I"' .1. Niven 0 15 3 —• 0 12 11 Ditto, pref 1 4 3 —. 2 7 .i 1 10 0 —_ 0 17 3 —— Morris Hedstrom .... 1 13 6 Radio (1936) 0 16 5 Nat Electric 1 9 ■ N.Z. Farm. Pert., ord. 1 0 0 — 1 3 - — N.Z. Newspapers .... 1 IS 9 1 8 0 1 9 0 —— T O Di elds O 3 1 9 6 1 11 I Woolworths Ltd xO 17 8 — Wool worths (N.Z.) .. 0 16 7 — Ditio, pref . xl 18 G Wool worths (AV.A.) .. 3 G — 1 8 G ""Ditto dpf 1 1 6 — O 9 Alt Lypll 1 10 0 — 0 9 0 0 9 1( 3 6 0 — Woolworths Hold. (S. Africa) N1 i xEx div. 6

MO. 0 shares £200 £5000 L Inscr. Stock, 24 P.C., 47-19 £ ♦97 •f»S e. <1. 0 0 0 0 Ditto, 3 p.c., o— -«jo •••••• 400 1500 *0 16 IVU'UIU l,ivou/ *.’.!,**’* Abraham and Wiliams .. 0 10 0 100 South British (cum div.) . 3 13 200 0 100 100 9 0 A iillOIld L liiuuti ........ Bartholomew Timber (ex. 1 100 200 Tui Brewery 1 13 0 NJS. Forest "Products .... 0 s 0 50 Woolworths (W.A.) 3 7 6 ♦Late sale, Monday.

NEW YORK, October 9. Dow Jones averages (1923 equals 100):— 20 Rail-. 32 Shares roads. Industrials, sold. 1942 (high) .... 29.28 119.71 — 1942 (low) .. .... 23.31 02.92 Oct .... 35.12 1-0.27 272.000 Oct .... £5.00 - 139.63 497,0(10 Oct. 4 • . .... 34 .ST 139.27 490,000 Oct. Oct t- .... 35.4$ 137.84 716.000 (•, .... 34.35 13G.3S 854,000 Oct .... 34.SI 137.10 226,000

(JUv Telegraph.—Press Assn.—Copyright.) ONTON. October »• 1 ' Gnvt.* Home Goldsec’s. rniis. trials mines. 191? (high) . 114.4 61.6 11S.0 123*1 165.4 194? (low) Oct; i .. . 113.4 . 1127 54.1 06.9 66.1 150.2 net 4 .. . 112.7 65.1 130.6 . 165.3 Oct. 5 .. . 112.6 66.2 150.7 165.5 Oct. 6 .. . 112.5 66.4 130.6 165 6 Oct. 7 .. . 112.6 66.4 130.6 105.5 Oct. S .. , 112.6 66.4 130.3 105.3