FINANCE & COMMERCE

Dominion, Volume 37, Issue 232, 28 June 1944, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations The latest buying and selling quotations revorded yesterday on the VVelllug-

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 iu the case of

AUCKLAND. Ist Liberty Loan, 3 per cent., 15/9/52-55, £l)9/5/- (2); ditto, 21 per cent., 15/9/47, £99/2/6; 2nd ditto, 3 per cent., 15/5/53-56, £9B/15/10; 3rd ditto, 3 per cent., 15/12/5350, £9B/7/6; War Loan, 2} per cent., 1/10/53, £95: ditto, 2} per cent.. 1/8/4-ff, £99/15/-; Wool Bonds, £l/0/4; Bank ot Australasia, £9/12/-: Bank of N.Z., £2 5/-; N.Z. Insurance. £4/9/-; South British. £4; Levland-O’Brien, £l/4/-; Kaiapoi Woollen (con.), 9/10; Oamaru Woollen, £1 11/-: Colonial Sugar, £57; Consolidated Brick, 10/2; Macky. Logan. £l/16/-; Veter’s Ice Cream, £l/3/6: Sanford (pref.), £l/3/3; Woolworths’ Properties, £l/9/6; Woolworths (N.Z.), 19/9. CHBISTCIIURCH. N.Z. Refrigerating. 10/- paid (late yesterday), 14/-; Canterbury Roller Flour, 17/6: Alacky, Logan, £l/16/-; Associated Gold Dredges (N.Z.), 5/6. DUNEDIN. „ Inscribed Stock, 3 per-cent.. December, 1953-56. £9B/7/6; ditto, 4 per cent., 1952-55, £lO5/5/-; ditto, 3 per cent.. Dee., 53-56, £(lB'7/6; Waitaki Freezing (late Monday), £7/2/6; N.Z. Refrigerating (conf..), 14/(2); Hume Pipe, £l/0/4: National Insurance, £l/15/-; Westport Stockton (ord.), G/-; Wellington Woollen (ordinary), '£o 10/-; Milburn Lime, £l/16/3; Otago Dally Times. £2,'*l4/-. RESERVE BANK Note Issue Higher An increase of £225,142 iu the note issue during lhe seven days to June 19 is shown by the Reserve Bank statement ot assets arid liabilities as at that date. The statement is as follows: — LIABILITIES.

£(N.Z.)91,285,220 0 8 Proportion of reserve to notes and other dmnend liabilities. 38,090 per cent., compared with 37.957 on June 12. _ The reserve on June 19 was £33,46.1,0J3, an increase of £100.319. A year ago the reserve was £31,(24,303. Sterling exchange on June 19 amounted to £30,78-1,643. mi increase of £211,213. Liabilities iu eurreneiea other than New Zealand currency total £122.927 (an increase of £110.895). thus making Jim bank’s net overseas assets £30,661,(10. compared with £30,561,397 on Jumj 12. an Increase of £100.319. A year ago these assets were £28,622.426. Advances to the State Marketing Depart-im-nt total £7.680.629. a decrease of (173. A year ago they were £9.19-. 1-17. Advances t'o the Stille for other purposes remain um-lmuged at £35.885.090. compared with £3-1,953,000 a year ago. The note issue on June 19 totalled 213,682. mi increase of £2-5.14'- for the week. A war ago it was £32.26’..9.k1. Demand liabilities Io the State amount to £13.751.051. a decrease of £680.400. Il' e trading banks’ reserve halmiees total £A>.86’1.701. a decrease of £20.780. Other liabilities nt £1.055,2'16 have- increased by £ 'ldle statement balances ar £91.285.229. an inerense of £68.861 Gold Mining ri„. Austral Neo "I Gold Dredging UoiHp;inv :nh isvs Cromwell that lor 11 flays ended -lune 21 the dredge operated for 111 hours, producinir 117 oiinees bullion, 'flip dredire is stopped for one week for repairs.

tou Stock Exchange ere as follows:— Buyers. £ s. d. Sellers. £ s. d. 21 p.c., l/S/46 99 12 —— 24 p.c., 15/9/47 99 0 0 —— i p <• 15/5/48 * kS 4 6 2.j p.c.,’ 15/6/47-49 .... irj 15 0 24 p.c.,. 1/16/53 —— 95 2 6 3 p.c., 15/7/1945 100 7 6 —— 3 p.s., 15/9/4-6-48 .... —- 100 12 6 3 p.c., 1/8/51-54 — 99 12 6 3 p.c., 15/9/52-55 .... —— 99 10 0 3 p.c., 15/12/53-50 ... MW 98 12 6 3 p.C., 15/4/60-63 .... —w 98 5 0 31 p.c., 15/1/56-59 • •«• — 102 7 6 31 p.c., 15/9/57-60 .... —• 102 0 0 34 p.c., 15/1/53-57 .... 4* p.c., 30/11/1948 103 5 0 104 2 6 4 P.C., 15/4/40-49 .... 103 5 0 —— 4 p.c., 15/4/46-49 ... . — 102 7 6 4 p.c., 15/6/52-55 .... 105 0 0 M“ 4 p.c., 31/5/54-58 .... 106 10 0 —— 0 Com. Bank Aust —— 0 19 Nat. Bank of N.Z — x2 15 0 Bank N.S.W 37 0 0 — Bank N.Z 2 4 6 •— Ditto, “D” Mort. .. 1 13 9 —— ■ . b 12 9 Loan & Mercantile .. 70 0 0 — W IT C 1 pref 0 9 6 Ml. 1 Wgtn. Inv. T. & A. .. 0 8 0 — Wgtn. T. & Loan .. Wright, Stephenson, 3 lb 0 — p ref 1 5 0 WW N.Z. Invest. M. & D. 0 10 6 — Christchurch Gas .... 1 6 0 — Wellington Gas, ord. . 1 14 3 — 0 1 9 MMM 1 5 3 — N.Z. Retrig. £1 Ditto, 10/1 8 0 —• —— 9 14 1 Wgtn. Meat Export 0 13 4 Huddart Parker .... 3 3 6 P and O. 9 — W 0 9 « —M. Bonds Hosiery ...... 2 4 6 MM Felt & Textiles .... 2 12 6 MM Manawatu Knitting 2 1 6 M Prestige, pref. ...... 1 6 6 M—M Wellington Woollen .. 9 7 a MM Ditto, pref 9 10 0 MM> Rotoiti Timber ...... 0 8 0 Tanpo-Totara ...... 0 9 3 Ditto, pref 0 10 a N.Z Breweries ...... — 2 3 3 Tooth and Co. 2 18 3 MM Ballins (15/- pd.) ... CO 1!) 0 MM A C I • « 2 15 0 ww. British Tobacco x2 11 3 Broken Hill ........ 2 4 9 MM Burns, Philp 3 1 3 MM Colonial Sugar 56 10 0 MM Consol. Brick ...... ■ ■ I 0 10 6 5 I.C 1 0 3 Dunlop Rubber 1 4 0 MM. Electro. Zinc, pref. 2 18 o MM Frozen Products ... 0 13 9 MM Griffin & Sons, £1 • 1 11 9 MM Ditto 10/- ....... 0 15 9 MM General Indust 1 3 10 — T C T nref 1 7 0 —w— J J N ivoi) . ........ 1 1 0 0 17 5 MM Ditto pref. ....... 1 6 0 MM McKenzies ......... 2 19 9 MM Mackay Logan ...... 1 14 fi MM 0 17 0 <WW 0 7 3 Ditto, pref — 0 11 0 National Electric ... 1 13 0 — N Z. Drue 4 18 0 MM N.Z. Farm. Fert. ... 1 4 9 ■M. N.Z. Newspapers .... 2 2 6 N.Z. Paper Mills ... 2 0 0 1 10 6 w— Ditto., pref 111 0 ‘ — Silknit (N.Z.) 1 5 0 MW 0 3 0 Taranaki Develop. .. MM 0 1 0 Wilson’s Cement .... —■ 1 0 6 Woolworths, Ltd. ... 1 0 4 MM Woolworths (N.Z.) . X0 19 4 Ditto, Prop MW xl 10 6 Cant. Roller Flour . MM 0 18 3 Broken Hill South . 1 9 6 Mt. Lyell 1 12 0 Emperor Mines .... —— 0 14 0 New Occidental .... Woolworths Hold. (S. — 0 15 1 11 0 Africa! - 6 x, ex dividend, linofllcial List. - 400 F.AAI.E., pref. 0 14 11 *Late sale Monday.

Wellington:— WELLINGTON. No. of Sale Price. shares £ s. d. £409 Inscr. Stock, 4 per cent., 105 5 0 £950 ditto, 4 per cent., 15/0/52*105 53 ' 5 0 £2000 ditto, 3 per cent., 13/9/5299 53 5 0 £400 ditto, 4 per cent., 1'3/4/46102 49 5 0 200 (2 sales) Sth. British Ins. ♦4 0 0 100 Tlmaru Wool 1 1 0 150 Rotoitl 0 s 3 500 Taupo-Totara, pref 300 Canterbury Roller Flour 0 11 3 0 17 6 200 N.Z. Farm. Fertilizer (on 5 call) 1 0

■ £ 6. d. General Reserve Fund ... . 1,500,000 0 0 Bank notes . 37,243,082 0 0 Demand liabilities — (a) State . 13.751,034 .9 .> (b) Banks . 35,808,704 18 9 (e) Other . 1,055.266 9 3 Liabilities in currencies other than N.Z 122,927 10 7 Other liabilities . 1,808,593 6 8 • £(N.i 5.191,285,229 0 8 ASSETS. Reserve— . £ a. (a) Gold . 2,801,877 lb 0 ■ (b) Sterling exchange . 30,784,043 - u Subsidiary coin 40,885 11 1 4 Advances to the State — (1) .Marketing Dept. .. . 7.(586,629 17 8 (2) For other purposes . 35,885.000 0 0 Investments . 11,734,340 8 6 Other assets . 2,3d-7,852 6