COMMERCIAL

Dominion, Volume 35, Issue 138, 7 March 1942, Page 9

COMMERCIAL

Stock Exchange Sales 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. wI£tMNGTON . No of. S “l e P s r T iPOlFl’nscr. Stock, 4 p.c., i‘J52-tS 106 10 0 AUCKLAND. Colonial Sugar, £36/10/-; Bank of NSW (3) £25; Union Bank, £o/l</u> Bank of N.Z., £l/16/6: N.Z. Insurance (2). £->/19/6- South British Insurance (2). £2 (Syd ). Wm. ’ worths (NZ.I. 12/2: Umaru Woolen, 16/-; Auckland Gas, 5/6. 1 „R no 2*^l 0 V st: John Fuller 4* per cent.. 104 J, £oS/10/ . < CHRISTCHURCH. Union Bank, £5/17/6: Westport S??, 1 ! £l/3/-; Kaiapol Woollen, pref., IJ/-. Christchurch Gas, 10/- paid, 11/-: G. J. Coles, £2/3/-. ■ DUNEDIN. N.Z. Breweries, £l/12/0: G. J. Coles, £2/3/-. ■ RESERVE BANK Decrease In Sterling Funds Thp sterling exchange funds of the Reserve Bank*, of New Zealand last Monday Smiled £18.747,407, a decrease tor the week of £751,248. The note issue at £”3 440 230 shows a decrease on the previous week of £15,630. The statement as It the close of business on Monday, .March 2, is as follows:—.

Proportion of reserve to notes and other demand liabilities 38.486 per cent., compared with 38.823 per cent, on lebruary reserve last Monday amounted to £21,507,135. compared with £22.2,>5,2-8 on February 23, a decrease of £7ul,W3. A year ago the reserve totalled £ 1'J,.ej0.318. Sterling exchange last Monday amounted to £18,747,467, compared with £19.4J8,715 on February 23, a decrease or £7ul,248 Liabilities in currencies other than New Zealand currency were £42,209 (a decrease of £133), thus making the banks net overseas assets £18,705,238, a decrease for the week of £751.093._ A year ago these assets totalled £16,748,445. The bank’s gold holding remains unchanged at £2.801,877. Subsidiary coin is shown at £75,915, a decrease of £1893. Advances to the State Marketing Department total £5.883.102, a further decrease of £756,119. A year ago these advances were £2,783.627. Advances to the other purposes are unchanged at £-5,7tx),000. A year ago they totalled £23.040,000. Investments are unchanged at E4.1u0.a08. Other assets amount to £1,260,213. an inCr The note"lssue totalled £23.440,230. a decrease for the week of £15,639. A year ago it stood at £21.264.283. Demand liabilities to the State amount to £13,657.394, a further increase of ELIOS 952. The trading banks’ reserve balances total £18,546.038, a decrease of £2,935,806. Other demand liabilities at £240,072, have increased by £4191. Otiier liabilities total £1,243,139. an increase of £lO,lOl. „- n^,.n Aoo The statement balances at £u5.669,080, a decrease of £1,438,335. Dividends Deferred Th* British Tobacco Co., Ltd., advisee that the declaration of an ordinary dividend has been deferred pending the clarih cation of the Australian Government s financial control plan. (By Telegraph.—Press Assn.—Copyright.) SYDNEY. March 5. W. It. Carpenter and Co., Ltd. is not paying rhe usual interim dividend owing to "the war position. Death & Co? Dividends Beath and Co.. Ltd., will pay interim dividends for the half-year ended February 19 of 3"per cent, on ordinary and 2} per cent, on preference shares, payable on April 1. Gold Mining The Maori gold dredge returned 430 z. Sdwt. for 113 hours from 11.(MX) yards. For the period ended February ‘27 the Molyneux dredge operated 485 hours and recovered 2120 z. of gold. Stock And Share Indices (By Telegraph.—Press Assn.—Copyright.) LONDON, March 4. “Financial Times” stock and share indices with previous quotations, are (October 15, 1926, equals 1000): —

liabilities £ s. d. General Keserve Fund .... 1,500,(XX) 23,440,230 0 10 0 0 Demand liabilities— 13,057,394 0 7 (bj Banks 18,540,037 16 240,072 Liabilities other than in 42,209 0 4 Other’ liabilities ’ 1,243,139 9 0 £ (N.Z.) 58,009,083 1 5 assets. Keserve — 2,801 10 0 (bj Sterling exchange •• 18,747.407 1 8 Advances— (a) To the State: 11) Marketing Dept. 5,883,102 8 3 (2) For other pur25,750,000 0 0 Investments 4,150,508 5 £(N.Z.) 58,669,083 1 5

Govt, sec’s. Home rails. Indus- Gold trials, mines. Au?. 1 113.5 49.0 93 3 171.8 Oct. 1 114.0 51.5 os'.i 177.8 1 114.1 5(1.9 1)9.7 172.5 Dec. 113.8 52 9 105.2 181.0 Jan. 113.8 55.0 102.0 173.1 Feb 4 113.(1 101.(1 10(1.7 Feb. 27 113.3 51.1 98.4 159 0 Mar. 113.4 51.1 98.5 158.9 Mar. 4 113.0 54.3 9S.0 100.2