FINANCE & COMMERCE

Dominion, Volume 37, Issue 226, 21 June 1944, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations

The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:— Buyers. Sellers.

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. WELLINGTON.

AUCKLAND. First Liberty Loan, 2} p.c., 15/9/47, £99 5/-; ditto, 3 p.c., 15/9/52-55. £O9/7/6; Inscr. Stock, 31 p.c., 15/9/57-60. £lll/15/-; Auckland Electric Power Board, 4} p.c., 15/6/59. £111: Bank of N.Z., (4). £2/5/-; Bank of N.S.W., £37/15/-; Union Bank. £8 11/6: N.Z. Insurance, £4/9/-; N.Z. Breweries. £2/3/2: A.C.1., £2/15/6; Colonial Sugar. (2) £57; Consolidated Brick, 10/4; Electrolytic Zinc (pref.); £2/18/6: Farmers’ Trading, £l/6/-: Theatre Arcade. 15/-. Unofficial list: National Tobacco. £1 14/-. CHRISTCHUBCH. New Zealand Breweries, (3), £2/3/1; Alloy Steel (N.Z.). (2). £2/10/-; N.Z. Drug Co. (fully naid). £4/19/-: N.Z. Farmers’ Co-op. (4J p.c. stock. 31/1/52), £101; N.Z. Insurance, £4/9/3; Dalgety and Co.. £8 12/6: N.Z. Breweries, (2), £2/3/1; Colonial Sugar. £57/10/-; G. J. Coles, (2). £3 6/-; N.Z. Farmers’ Co-op. (4J- p.c. stock, 31/1/50). £lOl. DUNEDIN. Inscr. Stock. 3 p.c., December, 1953-56. £9B/7/6; Bank of N.Z. (late Monday), £2 4/9; Mackintosh. Caley, Phoenix (unlisted, late Monday), £l/15/-; N.Z. Refrigerating (10/- paid), 14/1; British Tobacco, £2 11/3; Dominion Fertiliser. £l/7/-: N.Z. Paper Mills. £2/0/6. RESERVE BANK Sterling Funds Lower The sterling exchange funds of the Reserve Bank on June 12 totalled £30.573,430, a decrease of £450,780. The note issue at £37,018,540 has increased by £BlOl. The statement, as at Monday, June 12, lg as follows:— .

Proportion of reserve to notes and other demand liabilities, 37.957 per cent., compared with 38.999 per cent., on June 5. The reserve on June 12 was £33,363,274, a decrease of £464,591. A year ago the reserve was £29,930.649. Sterling exchange on June 12 amounted to £30,573,430, a decrease of £459.780. Liabilities in currencies other than New Zealand cnrrenVy total £12,033 (an increase of £4811), thus making the hank’s net overseas assets £30,561,397. compared with £31,025,988 on June 5, a decrease of £464,591. A year ago these assets were £27,125.772. Advances to the State Marketing Department. total £7,941,302, an increase of £L--697,282. A year ago they were £9,199,491. Advances to the State for other purposes remain unchanged at £35,885,000, compared with £34,953,000 a year ago. 'The note Issue on June 12 totalled £37.018.540, an increase for the week of £BlO4. A year ago it was £32,192,838. and two years ago £25.098.848. Demand liabilities to the State amount to £14,431,454. an Increase of £1,840,026. The trading banks' reserve balances-total £35.824,484, a decrease of £406,448. Other liabil!ties,nt £622.101 have decreased bv ~The statement balances at £91,216.369, an increase of £909,273. Dividends Announced The directors of the National Bank of New Zealand. Limited, recommend a final dividend of 21 per cent., less United Kingdom income tax nt 7/8 in the £l. making ■1 per cent, for the year ended Marco 3,. less United Kingdom Income tax. I An interim dividend at the rate of I'6 i for each £5 paid up share in the Wedlngton Trust. Loan and Investment CO.. Ltd., has been declared, payable on June 30. The share transfer books will be closed from June 26 to July 3. both days Inclusive.

24 p.c., 1/8/46 £'s. d. £ s. d. 99 12 6 24 p.c.. 15/Q/47 99 0 0 —« 24 pic., 15/5/48 98 -5 0 —— 24 p.e.. 15/6/47-49 .... 97 15 0 ll ■ — 24 p.e.. 1/10/53 —— 95 5 0 3 p.c.. 15/7/1945 100 7 6 —— 3 p.c., l/S/51-54 99 15 0 3 p.c.,’ 15/12/33-56 .... — 98 10 0 3 p.e.. 15/4/60-63 .... — 98 5 0 3} p.c., 15/1/56-59 .... —- 102 10 0 3|* p.c., 15/1/53-57 >•,. — 101 2 6 4 p.e.. 30/11/1948 .... 103 0 0 —— 4 p.e., 15/4/46-49 .... —— 102 7 6 4 p.c.. 15/5/49-52 — 104 5 0 4 p.c.. 15/6/52-55 105 0 0 4 p.c., 31/5/54-58 .... 106 10 0 — 4 p.e.. 15/4/46-49 .... —— 102 12 0 Comm. Banir Sydney . 22 0 0 —I Nat. Bank of N.Z —M 2 15 3 Bank New Zealand .. x2 4 6 — Ditto “D” xl 13 9 Union Bank Aust. ... 8 12 0 Nat. Bank A/asia., pd. 12 0 0 —M Golds!) rough Mort. . Xl 10 i 1 12 3 Newton King, pref. .. 1 2 3 — Loan and Mercantile . -m 3 15 0 W.F.C.A., pref 0 9 6 —— Wn. Inv. T. and A. .. 0 <8 • i > Wn. '1.'. and Loan ... 3 18 (1 WW Wright. Stephenson, pref 1 0 0 MM N.Z.' Invest. M. & D. . 0 10 9 —W Christchurch Gas .... 1 6 0 WW Wellington Gas. ord. 1 14 3 — Ditto, pref 1 5 3 0 1 9 MW 6 17 0 N.Z. Refrig., £1 1 8 0 Ditto. 10/0 13 9 MW Wgtn. Meat Exp O 13 6 WM Huddart, Parker ... 3 3 6 — P. and 0 2 4 9 1 I. Union Steam, pref. . 1 10 0 MW Bonds Hosiery 2 4 6 WM Felt and Textiles ... 2 12 6 WM Manawatu Woollen . 2 1 6 MW Oamaru Woollen —— I 11 3 1 6 6 - - I 0 9 Wellington, pref. 9 10 0 Leyland Timber 14 3 National Timber ... — 0 8 6 Roto-Iti - 0 8 6 0 9 3 D 10 6 MW Cl 2 3 N.Z. Breweries x2 3 0 2 3 6 Tooth Brewery .... 2 18 3 —— Ballins (15/- pd.) ... CO 19 0 MW A.C.I — -— x2 15 9 C. M. Banks, pref. >. 0 15 0 British Tobacco x2 11 3 Broken Hill 2 4 6 —- Burns. Philp 3 1 3 MW ■,, 0 10 6 D.I.C 1 0 3 Dunlop Rubber .... 1 3 10 WM Electro. Zinc, ord. . 2 17 0 MW Ditto, pref 2 18 0 WM Frozen Products 0 13 9 MWG. J. Coles ,, , . 3 6 9 Griffin and Sons, £1 111 9 Ditto. 10/0 15 6 —— 110 J. J. Niven 110 Macduff s. ord 0 17 4 McKenzies • x2 19 3 3 0 0 Metters (N.Z.) 0 17 e N.Z. Forest Products MW 0 7 3 Ditto, pref —• OHO National Electric 1 13 0 MM N.Z. Drug 4 17 6 MW N.Z. Newspapers ... 2 2 0 MW N.Z. Paper Mills .... 2 0 0 WM Sharland and Co. ... 1 10 6 MW Ditto, pref i in 9 wm Selfridges (Aust.) 1 6 0 —— Taranaki Oilfields .. WM 0 3 0 Ditto. Development —— 0 10 Wilsons Cement .... MW xl 0 3 Cable, pref 1 8 3 ■ ■ Woolworths. Ltd. ... 1 0 4 Mwi Woolworths. (N.Z.) . xO 19 0 WW. - xl 10 6 Broken Hill South . — 19 9 North Broken Hill .. — x3 0 0 Woolworths Holdings •• (South Africa) ... 1 9 6 -M c, Cum dividend. x Ex dividend. Sales In New Zealand

No. of Sale price shares. £ s. <1. £2000 Inscr. Stock, 3 p.c., 1/8/ 51-54 99 10 0 £3000 Inscr. Stock, 3 p.c.. 15/12/ 53-56 (2) 08 T a 400 Westport-Stockton *0 8 0 700 Ditto ♦0 3 8 •0 10 4 300 Macduffs. pref 1 6 3 100 G. I. Coles (on call) ... 3 0 0 624 Wgtn. Invest. Trust (Building) (2 sales) 0 8 6 150 N.Z. Breweries (ex div.) 2 3 1 OOO Auckland Gas 0 7 9 70 G. J. Coles 3 6 0 *Late sale Monday.

LIABILITIES. £ s. d. General reserve fund .... . 1,500,000 0 0 Bank notes Demand liabilities— . 37,018,540 10 0 (a) State . 14,431,453 15 10 (b) Banks . 35,824,484 4 3 (c) Other Liabilities other than in . 622,101 2 3 N.Z. currency . 12,032 13 9 Other liabilities . 1,807,756 12 0 £ (N.Z.)91,216,368 18 1 ASSETS. Reserve— (a) Gold 2,801,877 10 0 (b) Sterling exchange 30,373,430 5 5 Subsidiary coin 48,451 16 5 Advances to-the State— (1) Marketing Dept. 7,941,302 1 10 (2) For other purposes 35,885,000 0 0 Investments 11,734,340 8 6 Other assets . 2,231,966 15 11 £(N.Z.)91,216,368 IS 1