FINANCE & COMMERCE

Dominion, Volume 37, Issue 237, 4 July 1944, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations Tbe latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:— Buyers. Sellers.

John Fuller & Son, 41 p.c., 1/3/49 St) in it — c, cum. dividend, x, ex dividend. Sales hi New Zealand Dealings in Hocks and shares recorded on Now Zealaud Stock Exchanges yesterday were as follows, the number of shares in each lot being shown iu the case of

AUCKLAND. laser. Stock, 2s per eent.. 15/15/47-19, £9B; ditto, 4 per cent., 15/5/49-52, £lO4 5/-; Nat. Bun]< of N.Z., £2/14/-: Bank of N.S.W., £3B: Farmers’ Auct., £5/2/6 (2); Westpojt-Stoekton Coal, 6/11}; LeylandO’Brien Timber, £l/4/-: Bycroft, £2 16/6; Colonial Sugar, £5B; Hume Steel, prof., 8.1/6/J5; McKenziu’s Dept. Stores, £3/1/-; Reid Rubber, £l/11/6; Woo'worllts (X.Z.), £l/0/1, £1; Emperor Mines, 13/3. CHRISTCHURCH. Inscr. Stock, 1 tier cent., 15/5/40-52, £lO4/5/-; Nat. Bank of N.Z., £2/14/-; Bank of N.Z., £'-75/-; Auckland Gas, perp, deb., £80; Bruce Woollen, £l/16/9. DUNEDIN. N.Z. Loan and Merc., £7l/10/-; West-port-Stockton Coal, 6/0, 7/-; Donaghys Rope, £3/!)/-. RESERVE BANK Net Overseas Funds Lower The sterling exchange funds of the Reserve Bank oii June 2d totalled 831.597,132, tin increase of but net overseas funds have fallen by £325,G51. 'The note issue at £37,227.482 has decreased by £10.200. The statement, as at Monday, June 2G, Is as follows:—

Proportion of reserve lo notes and other (letmind linhilities. 57.2.5 S per cent., compared with SS.OI'O per cent, on Juno IP, 'l'lie reserve on June 26 was 1”1.t)t2, a decrease of 1’328,651. A year ago the reserve was .V. 32,168,336. Sterling exchange on June 26 amounted lo VM.5117.132, an iuere.i-e r*j’ 11.812.18 U. Liabilities in currencies other Ilian Aew Zealaud currency total U 1.261,0'57 (an i" crease of £ 1.1 lt,l.‘t'j>, thus making the bank's net overseas assets :V.3i),.’>33.t1';-'>, comp.ired witli C:ti).i;iil,7l6 on June IP. a decrease of £328.651. a year ago those assets xvere £20.666,m0. Advances to the Slate .Marketing IV-pa■*(iiir-iit. total 28.(1t,-118. an increase of £763,788. A year ago they were £B.2t::i,683. Advances to the State l'"r other I'tirpnses remain unchanged al £3S,SSSJWU, compared witli £31.053,0110 a year ago. 'lJie jiote issue on June 26 totalled £•'17,227.182. a decre'ase for the week of £16.200. A year ago it was £32.360.115. amt two years ago £25.528.816. Demand liabilities to tlm State amount tn £13,711.607, a decrease of £30.357. 3'lie (railing banks’ reserve balances total £■36.7 1t.207.’ail increase of £ 1).",7.502. Other liabilities al Cljsl.'iop have increased by £ 126.31.3. Tlie statement ba lances at £ 93.166.823. an increase of £2.181,5',1f. f

Sharhind & Co. Directors At a ni.'<.*tincr of directors of Sharland and Co., Limited, on Ju.no 2<», Mr. William Watson was appointed chairman and Mr. IL J. McDonald was appointed to the hoard as managing director. Those appointments wen- made tn till the vacancies created by the deaths of Mr. A. E. Mubin and Lieut.♦Cob»md A. A. Corrigan. Gold Mining Tin* Maori Geld return last, week "as ‘2(5 ounces for S 7 hours from 9500 yards. The Kimu return for the period June 13-27 was JOG 5 * ounces for 25GJ hours from 07.511 yards. , Gillespie’s Bondi reports a return of 590 z. for 121 hours from 15.000 yards. Tin? Chit ha dredge returned 131 oz. for 9S ho n ro. Mt. Morgan New Issue Mfrnnl Morgan. Ltd., announces that, bonks will close on j uly 15 (o determine ordinary shareholders eligible io apply for shares in the now preference issue. Existing proI'T'mce shareholders have till July 31 to i convert, their present holdings to the new shares. Any repayments of capital will be j made on or after August 15- I

£1 s. d. £ B. (1. 2D p.c., 1/8/4G 99 12 6 •M 24 p.c., 15/9/47 99 I) 0 M— 2i p.c., 15/0/189.8 7 6 <V» 2J p.c-., 15/6/47-49 .... 97 15 0 VM 3 p.c., 15/7/11)45 .... 100'10 0 — 3 p.c., 1/8/51-51 .... •~M 99 15 0 3 p.c., 15/9/52-55 .... MM VIJ’H) u 3 p.c., 15/5/53-5G .... MM 98 17 0 3 p.c., 1 •)/!2/u3• • • • • — 98 10 0 31 p.c;, 15/1/56-59 .... — 102 7 0 3 p.c., 15/9/57-60 .... MM 102 5 0 3} p.c., 15/1/53-57 ... —-- 101 5 0 ■1 p.c., 30/11/1948 .... M— 101 0 0 4 p.c., 15/6/52-55 .... 103 0 0 MB 4 p.c., 31/5/51-58 .... 1(11! 10 0 M Nut. Bank of N.Z — x2 l i 0 Bank N.S.W. ...' 37 10 0 Bank N.Z 2 4 9 Ditto, "D” Mort. .. 1 13 9 (Ju ion Bank — ' 8 12 6 Equit. Buildings .... 110 —— Goldsbrottgh Mort .. —- 1 12 0 Loan & Mercantile .. 71 0 0 —- W.F.C.A., pref. ....... Wgtn. IllV. T. & A. .'. o y « mm 1 0 8 0 MM Wgtn. T. & Loan ... x3 IS 0 ■ ... Wright, Stephenson, pref 1 ft 0 ■—« N.Z. Invest. Mort O 10 6 mm Wellington Gas, ord. ; 1 14 3 M Feilding Gas 0 2 3 — South British Ins. ... 0 4 1 Gear Meat 1 5 3 MB N.Z Retrig. £1 18 0 — Ditto, It/. 0 14 0 Huddart Parker .... 3 3 6 MB P. and O ... 2 4 9 MM Union Steam, pref. ... 1 10 G MM Westport-Stockton .. 0 6 0 Ditto, pref 0 8 6 — Renown Collieries ... 0 9 6 — Felt . A- Textiles 2 12 0 MM Manawatu Knitting .. 2 19 MM Prestige, pref. Wgtn. Wool., pref. .. 1 6 6 MV 9 10 0 MV Rotoiti Timber 0 8 0 MM Taupo-Totara, pref. . 0 10 6 — Ditto, ord MM 0 9 3 Taririgainutu ...... M— 12 4 N.Z. Breweries — 2 3 0 Tooth and Co 2 18 3 •m Queensland Breweries —- ISO British Tobacco .... 2 11 3 MM Broken Hill 2 5 0 MM Hurns, Philp 3 1 3 — Claude Neon (N.Z.) .. 16 0 David Jones 1 17 0 MM Dental and Medical \ .12 6 —V D.I.C 1 0 3 MM Dunlop Rubber 14 3 —-» Electro Zinc. pref. . 2 18 3 MM Fletcher Holdings .. — 17 3. Frozen Products .».• G. J. Coles .......... 0 13 10 MM — 3 7 0 Gridin & Sons, £1 1 11 0 •MB Ditto, 10/ 0 15 11 «MM General ludust 1 3 10 * “■ I.C.I., pref 17 0 •MM ,f. J. Niven —- 110 Maeduft's, ord — ■ 0 17 10 Ditto pref 16 0 •«~■ McKenzies 3 0 0 Melters (N.Z.) 0 17 G -MB National Electric .... 1 13 0 -MB N.Z. Drug 4 18 0 MM N.Z. Farm. Fert 14 9 MM N.Z. Newspapers ..... 2 2 6 —* N.Z.. Paper Mills .... Sharland & Co., ord. « 2 0 0 ““ 1 10 6 MM Ditto, pref 1 11 0 MM Taranaki Oil VM 0 3 0 Taranaki Develop. ... — 0 10 Wilson’s Cement .... • 10 3 Woolworths, Ltd. ... 10 9 '-M Woolwerths (N.Z.) .. xO 19 0 MM Ditto, Prop —— Xl 10 6 Ditto, 2nd Pref., 7 p.c. M— 1 15 6 Mt. Lyell 1 12 0 — Emperor Mines —— 0 13 9 Woolworths Hold. (S. Africa) — UNOFFICIAL LIST. 1 11 0 Whakatanc Paper Milts, ord 0 8 O MM Nelson Freezing Co. . 4 IS 0 — Wgtn. Publishing Co. 4 7 0 —

Wellington WELLINGTON. N'o. nf Sale Price. shares. £ 6. d. £450 laser. Slock, 3 per cent., 15/0/52-55 99 5 0 £2500 ditto, 3 p.c., 15/12/53-56 *98 1 o £1030 ditto, 3 p.c., 15/1/60-63 . *98 7 6 £300 ditto. 98 2 6 200 Bruce Woollen *1 16 3 100 Taupo-Totara Timber (2) 0 9 0 5 Colonial Sugar *58 0 u 200 Macdiifts, ord 0 17 9 *Lato sale Friday.

LIABILITIES. s. d. General reserve fund i.5<h»,i'mh) (I 0 Brink notes 37,227,1-82 0 0 Demand liabilities— tai St.it.- in.7ttjf>7 1 10 (I>| Banks 311,741.209 11 <1 (cl Other 1.1S1.W8 18 11 Liabilities other than in X.Z. currency 1.2(14,OOH 13 8 Other liabilities ; 1,810,702 — 10 £ (X.Z.) 03,466,823 V 0 A SSL IS. Reserve-- £ cl. (a) Guld 2.801,$77 to 0 (b) Sterling exchange . 31,597,132 9 7 Subsidiary coin 52,282 0 0 Advances to the State— (1) .Marketing Dept. .. 8.444,117 12 (i (2) For other purposes 35,885.000 0 0 Investments 31,734,340 s (t Other assets 2,951,773 8 0 .£ 1 X.Z.)93,4ilti,.S23 n (.1