FINANCE & COMMERCE

Dominion, Volume 37, Issue 191, 11 May 1944, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations

Sales In New Zealand

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 ease of Wellington:— WELLINGTON. No. of Sale Price.

AUCKLAND.. Inscr. Stock, 2J- per cent., 15/9/47, £B9; ditto, 2} per cent., 15/6/47-49, £9B/15/-; ditto, 3 per cent., 15/5/53-56, £lOO/16/-; Com. Bank of Aust., 18/9; Com. Banking Co. of Sydney, \ £22/10/-: Nat. Bank of N;Z„ £2/15/-; Bank of N.Z. (2), £2/4/3; Traders’ Finance, con. (2), 7/-; N.Z. Insurance, £4/9/-; Auckland Gas, 7/9; Colonial Sugar (2), £5B/12/6; Taranaki Oil. 2/6, 2/7. cnaiSTCHURCit. Inscr. Stock, 3 per cent., 15/12/53-56, £lOO/2/6; Coin. Banking Co. Of Sydney, £22/10/-; Goldsbrough Mort, £l/10/9; National Mortgage, B, £l/16/-; N.Z. Farmers’ Co-op., 4J per cent., 1/6/50, £lOl 5/-; National Insurance, £l/4/6; Christchurch Gas, £l/5/9: ditto, con., 13/-;. Kalapoi Woollen, £l/4/6; Colonial Sugar (2), £5B/12/6; Mt. Lyell, £l/13/3, (2) £1 13/6. Unofficial list: Fletcher Holdings, £l/5/1. Dunedin. Inscr. Stock, 3 per cent., 15/12/53-56, £lOO/5/-; ditto, 4 per cent., 15//6/52-55, £lO7/2/6; Com. Bank of Aust. (4), IS/9; National Insurance, £l/4/6; Waitaki Freezing, £6/15/-; Maeduffs, Ltd., 16/-; Taranaki OU, 2/7. Unofficial list: Fletcher Holdings, £l/5/-.

RESERVE BANK Sterling Funds Lower The sterling exchange funds of the Reserve Batik on May 1 totalled £29.062,212, a decrease ot £103.778. The note issue at £37.052,972 shows an increase for the week of £27,421. The statement, as ’at Monday, May 1. Is as follows: — LIABILITIES.

£ (N,Z.)86.193.641 6 3 Proportion of reserve to notes and other demand liabilities. 39.326 per eent., compared with 39.945 per cent, on April 24. The reserve on May 1 was £32.455,953. >t decrease of £94.950. A year ago the reserve was £24,621,241. Sterling exchange on May 1 amounted to £29,662,212, a decrease of £103,778. Liabilities in currencies other than New Zea land currency total £8136 (a decrease of £8822). thus making the bank’s net overseas assets £29,054.076. compared wita £29,749.032 on April 24. a decrease of £94,956. A year ago these assets were £21.819.364. Advances to the State Marketing Department total £3,510.237, an increase of £1.116.656. A year ago they were £7,360.517. Advances to tile State for other purposes remain unchanged at £35,555.000, compared with £31.13.' .000 n year ago. Tlie note issue on May 1 totalled £37, 052,972, an Increase of £27,421. A year ago it was £31.797.996. and two years ago £24.288,987. Demand liabilities to the State amount to £12,190.051. a decrease of £5*66.454. The trading banks’ reserve balances total £32. 779.934. an increase of £1.416,705. Other liabilities at £507.192 have Increased by £63,434. The statement balances at £86.193.611. a> increase of £1.020.045. Dividends Declared McKenzies Department Stores, Ltd.. have declared a final dividend of 5 per cent., making 10 per cent, for the year, an unchanged rate, payable on June 30. Transfer books close June 15-25. and the annual nieefing will be held on June 15. Anthony Hordern and Sons. Ltd., advise that transfer books close May 18-31 Inclusive. London Stock Exchange (By Telegraph.—Press Assn.—Copyright.) LONDON, May 9On the Stock Exchange today prices for corporation debentures and stocks compared witli previous quotations as fol-

'The latest: buying a id selling quotalions recorded yesterd: v on the Wellingtou Stock Exchange were as follows:— Buyers. Sellers. £ s. d. £ s. d, 21 p.c., 1/8/46 99 5 0 — 24 p.c., 15/0/47 98 10 0 — 21 p.c., 15/6/47-49 .... — 98 13 0 3 p.c., 15/5/53-56 .... — 100 12 6 3 p.c., 13/12/53-56 .... — 100 7 11 34 p.c., 15/1/50-50 .... 101 17 G — 3i p.c., 15/9/57-60 .... — 101 12 G 4 p.c., 30/11/1918 101 12 G — 1 p.c., 15/5/49-52 .... — 106 5 0 4 4>.e.. 31/5/54-58 .... 108 5 0 — Coin. Bank Aust 0 18 8 — E.S. and A. Hank .... xl 1 0 — Nat. Bank of N.Z. .. — 2 15 6 Bank N.S.W — x37 2 6 Union Bank 8 5 0 — Nat. Bank A/eda cl.2 5 0 —- Equit. Buildings cl 0 6 — Goldshroiigh Mort .. 1 10 0 — N.Z. Guarantee 0 4 2 — Loan and Mercantile 65 0 U — W.F.C.A.,. pref 0 8 9 — Wn. Inv. T. & A. ... 0 7 9 — Wne T. & Loan 3 16 0 — Dom. Invest. & Bk. . — 15 0 N.Z. Invest. M. & D. . 0 10 0 — Christchurch Las .... 15 3 — Ditto, coutrib 0 12 9 — Wellington Gas, ord. . 1 13 0 — Ditto, pref 15 0 — Feilding Gas 0 19 — New Zealand Ins — 4 9 6 Queensland Ins 3 3 0 — Canterbury 'Meat .... 15 10 0 — Gear Meat 15 6 — N.Z. Refrig., £1 ..... — 19 0 Ditto. 10/- — 0 13 6 Wgtn. Meat Export .. 0 13 0 — Huddart Parker .... 3 3 0 — P. and 0 x2 1 0 — Bonds Hosiery Felt & Textiles 2 0 0 — 2 11 0 — Kaiapoi Woollen, pref. 14 6 — Manawatu Knitting . 2 0 0 — Prestige, pref 16 6 — Tiniaru Woollen .... —. 10 9 Leyland-O’Brien .... 13 6 — Rotoiti Timber 0 8 0 0 9 0 Taupo-Totara Timber — 0 9 9 Tarfngamutu — 12 7 Ditto, pref 0 10 6 — N.Z. Breweries ....... — 2 10 Dominion Breweries . — 2 5 3 Tooth & Co x2 18 6 — Ballins Brewery .... 0 18 0 — Anthony Hordern .... — 10 3 A.C.I — 2 18 0 C. M. Banks, pref. ... 0 15 0 — Broken Hill •— x2 4 9 Burns, Philp x3 1 0 x3 4 0 Consol. Brick — 0 11 0 Dental & Medical ... — 14 3 D.I.C., pref 16 6 — Dunlop Rubber — 15 9 Electro. Zinc, pref. .. x2 18 0 — Frozen Products .... 0 13 7 — G. J. Coles — 3 8 6 Gritiin & Sous, £1 .. 1 .9 6 — Ditto. 10/0 14 G — J. J. Niven 0 19 0 — Macduff s, ord 0 15 11 — Ditto, pref — 17 0 McKenzies c2 18 0 — Mackay Logan 1 12 0 — Metter’s (N.Z.) 0 17 1 . — N.Z. For. Products .. — 0 7 6 Ditto, pref. — 0 11 G National Electric .... 1 12 0 — N.Z. Drug 4 16 6 — Ditto, £1 paid .... 2 17 6 — N.Z. Farm. Fertilizer — 15 6 Sharland & Co., ord. . xl 10 G — Ditto, pref xl 10 9 — Taranaki Oil — 0 2 9 Wilson’s Cement .... xl 0 0 — Wool worths, Ltd. ... — 10 0 Woolworths (N.Z.) .. 0 IS 1 — Ditto, pref. 2 0 0 — Ditto, Prop — 1 11 9 Walhl Invest — 0 5 7 Martha — 0 9 6 Maori Gold 0 0 7 — Auetral-N.Z J.. 0 13 10 0 14 10 Wgtn. Alluvials 2 5 0 — Woolworths Hold. (S. Africa) — xl 11 6 e, cbm dividend. x, ex dividend.

shares. £ 8. d. £250 laser. Stock, 2} per eent., 1/10/53 95 15 0 400 Com. Bank of Aust. (2) . 0 18 9 50 Nat. Bank of N.Z •2 15 0 10 Bank of N.S.W. .! 36 16 0 129 Bank of N.Z., D Mort. .. *1 13 9 105 N.Z. Breweries (3) 1 0 100 Wailil Invest ‘Late sale Tuesday. ♦0 0

£ s. d. General reserve fund . 1,500,000 0 0 Bank notes . 37,052,972 10 0 Demand liabilities— (a) State . 12,190,051 (b) Banks . 32.779,934 8 1 (e) Ollier 507,492 1 8 Liabilities other than in , N.Z. currency 8,136 0 7 Other liabilities .... . 2.155,055 3 4 £(N.Z.)S6.193.641 6 3 ASSETS. Reserve— (a) Gold 2.SO1,8< i .10 0 (bl Sterling exchange . . 29.6(12.212 9 0 Subsidiary coin 53,200 17 V Advances to the State— (I) Marketing Dept. ... . 3.510.230 17 <> Tor other purposes . 35.885.00U 0 0 Investments . 11.734,310 S 6 Other assets . 2.516.767 3 0

lows :— April 24. Slav U. ( ll. l>n|L'<'lv <k Co.. 1 o 0 llfl 10 u Dalgetv & Co., shares 5 15 0 5 15 0 British Tobai’i'o 1 15 0 1 15 0 CJoMsbrmigh Mort .1 1 •> 1 t 3 P. and <)., (W 11« 0 1 17 3