FINANCE & COMMERCE

Dominion, Volume 37, Issue 199, 20 May 1944, Page 8

FINANCE & COMMERCE

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

Inscr. Stock-, “i p.c., I/S/'IG, £99/10/-; ditto. 21 p.c., 1/10/33. £95/1/0; ditto, 3 p.c.. 15/.5/713-50. £99; ditto, 3 p.e.. 15/12/53 50. £11)0/2/0: Union Bank. £B/10/-; Newton King. prof.. £l/2/0; N.Z. Insurance. £4 9/-; Auckland Gas, 7/0; N.Z. Breweries, £2/1/-; Broken Hill Pty.. £2/4/5; Colonial Sugar. (3). £SS/12/0; Dominion Rubber. 8/-: .Morris lledstrom. £2/2/0: N.Z. Farmers’ Fertilizer. £l/5/-: Held Rubber, £1 11/11; Weeks. Ltd. (odd lot), £l2/1/-. Unofficial list: Fletcher Holdings. £l/5/3. CHRISTCHURCH. Goldsbrough Mort. £l/11/3: WestportStockton Coal, 3/4; Broken Hill Pty., £2 4/6; Colonial Sugar (2), £5B/12/6; Dominion Rubber. 8/-.; Reid Rubber, £l/11/9; Weeks. Ltd., £l2; Woolworths (N.Z.), 18/7: Mt. Lyell, £l/13/5; Mt. Morgan. 8/3. DUNEDIN. Inscr. Stock. 2J p.c.. 1/10/53 (2), £95 5/-; Standard Insurance. £4/1/-; N.Z.Breweries, £2/1/-; Milburn Lime, £l/16/-; N.Z. Paper Mills (2). £2/0/3; Woolworths (N.Z.), (2). 18/6. Dividends Declared The National Reliance Investment Trust, Medbourne, has declared a dividend of 4 per cent., subject to audit, payable on June 26. Transfer books close June 1726 inclusive. Transfer books of the Kaitangata Coal Co., Ltd., close May 26-Juiie 1 in connexion with the dividend of 1/6 a share already announced. McKenzie’s Profit The annual report of McKenzies Department Stores, Ltd., for tile year ended May 5 shows a net profit of £51,449, compared with £51,167 last year and £46,792 in 1942. Dividend of 10 per cent., already announced absorbs £50,000. Taxation absorbs £129,393 and- there is a balance of £98,681 to be carried forward against £97,232 brought In. The retiring director, Mr. Harold Edwards, offers himself for re-election.

Bank Of England Return (By Telegraph.—Press" Assn.—-Copyright.) LONDON, May 18. The Bank of England return for the week ended May 17 is as follows;—

WELLINGTON. No. of Sale Price sbares **B. d. £ 1000 laser. Stock, 21 per cent.. 1/10/53 *05 7 6 a: 5000 IHtlo 03 0 0 JJ-JOO laser. Stuck, -1 per cent. 15/(/k;--iii *102 7 G 1-100 .1. J. Niven *1 0 0 000 Wuolworths (N.Z.) *0 18 6 ’Late sale Thufsday. AUCKLAND.

Government Stock Prices LONDON, MaV IS. Government stocks are quietly steady. Prices compared with as follows:— those of May 11 are Price. Variation. £ s. d. £ s. d. Consols, 2k p.c 79 5 0 O 1 37 Fund. Loan, 1940-00 . 112 17 6 same War Loan, 3-J, 1955 .. Conv. Loan, 34, 1961 . 103 3 9 same 104 12 6 same Victory Bonds, 4 p.c. 112 3 9 0 2 6* C’wealth, 4, 1045-75 .. 103 3 9 same C’wealth, 4, 1943-aO .. 102 0 0 0 5 07 C’wealtli, 3, 1048-53 .. 101-12 6x 2 0 0* C’wealth, 3, 1956-61 .. 99 17 6 0 7 St C’wealth, 3, 1956-59 .. N.S.W., 3», 1030-50 .. 99 0 0 0 5 07 101 6 3 0 13* Victoria, 3, 1929-49 .. 100 10 0 same Victoria, 5, 1945-75 .. 103 1 3 0 1 37 Q’land, 3, 1942-47 .... 100 12 0 0 2 6* S. Aust., 3, 1916, opt. S3 17 6 0 2 6* S. Aust., 5, 1945-47 .. 103 2 6 ■ 0 1 3t W. Aust., 4, 1942-46 .. Tastn., 4, 1942-62 .... N.Z., 44, 1948-55 .... 102 10 0 0 10 07 102 5 0 0 5 0* N.Z., 3. 19-15 7IIigher. ’Lower 100 15 0 0 1 37 x, ex interest.

£ £ Note issue— Govt. Debt. 11,000,000 In cireu- Other Govt. latiou 1,120,300,000 secs. 1,138,200,000 Other see. 800,000 In bankiugdept. 23,000,000 ‘£1,150,000,000 Gold coin 200,000 £1,150,200,000 £1,150,200,000 ‘Amount or fiduciary issue. £ £ Capital 14,500,000 Govt. sec. 210,500,000 Rest 3,200,000 Discts., ad. Deposits— ‘ vances 5,100,000 Public 10,000,000 Other secs. 15,900,000 Banks 107,200,000 Notes and' Other acs. 54,400,000 coin 24,400,000 £255,900,000 £ 255,900,000 Proportion of reserve to liabilities, 10.27 per cent., compared with 9.20 per cent, last week. The principal items of tne above compare as follows with those of last week :- avio Public - 12/200,000 10,600.090 Bankers 160,100,000 167,200,000 Other accounts . 55,200,000 54,400,000 £233,500,000 £ 238,'200,000 Government ... 208,000,000 210,500,000 Discts., advances o,7Q0,000 5,100,000 Other securities . 16,000,000 15,900,000 Reserve 21,500,000 . 24,400,000 Note circulation . 1,120,200,000 1,126,300,000 i