FINANCE & COMMERCE

Dominion, Volume 35, Issue 174, 20 April 1942, Page 3

FINANCE & COMMERCE

THE MONEY MARKET Bank Of England Return LONDON, April til. The Bunk of England return for the ’ week ending April 15 is as follows: —

GOVERNMENT STOCKS London Market Prices (By Telegraph.—Press Assn. —Copyright.) LONDON, April .17. The following table gives the mean Stock Exchange quotations for consols, and colonial inscribed slocks, computed with those of April IB— . . Price. Variation.

Broken Hill Dividend The Broken Hill Proprietary Hues declared a half-yearly dividend of lid. a share in Australian currency, payable on .lone 1". Transfer books will close on April 21). Kauri Timber Dividend The Kauri Timber Co lias declared an Interim dividend of 2 per cent, for Hie halfyear ended February 28. 'Transfer books will 'be closed from noon on May H to May 28. The dividend is payable on Muy 21). ‘ Mt. Morgan Surplus Mt. Morgan reports an estimated working surplus for (lie four weeks ended April 8 vt’ £lG,3S<>. N.Z. Woolpacks, Ltd. (By Telogruph--I’res.s Association.) FOXTON, April 17. New Zealand M'oolpacks Lid. has declared tlio maximum dividend of I per cent. The chairman ot directors, Air. A. W press, stated that with supplies of Manila and .lava libres cut off, the .demand for the New Zealand tlax (Pliorium teuax) woolpaek would be greatly increased. The shortage of green leaf was causing some concern, tor, despite the planting scheme, the industry faced the prospect of a shortage in ]’,M3 and 194-L He anticipated that 500,000 woolpacks would il)c*tprodiiced in <l9l-, instead of a possible 1)00,000. duo to this cause—shortage of green leaf. lie appealed to owners of tlax swamps to pursue a policy of conservation and expansion of their areas. He paid a .high tribute to the Hou. D. G. Sullivan for the assistance given to the industry. 'The year’s business must be comsidened as “most, satisfactory.” Gold Mining The Ngtihcre dredge fur the fortnight ended April 11 returned -.105 ounces for 212 houns from 110,-120 >ards. The following information has been cabled to the London otlico of the Martha Gold Mining Company (Waihi), Limited: For the four weekly period ended April -1. 11.066 tons of ore wore crushed for a result of 3665 tine ounces of gold and 20,829 tine ounces of silver The crushing time was 19 days. Barclays Bank The auniiul nccuuntk of Barclay’s Bank, Limited, for the year ended December 31. khow the lotal of accounts at the record figure of ,£(>15,000,001). ugaiiiwt £517,000,01)0 for the previous year. Liquid assets totalled £;!IS.<XH),OOO and net prolit was £1.35:1,000, compared with £1.525.000 in lIHO. The bank has a paid capital of £15,858,000 and a reserve fund ot £11,250,000. F. W. Woolworth Profits F. W. Woolworth and Co., chain stores, London, reported net profit ,£li, -1(14,75'.) for 11)11, against £7,058,150 for 1040—a record. Taxation took £3,557,205, against £4,310,010. Ordinary dividend was held at 50 |>er cent,, by payment of a 30 per cent, linnl. The cash bonus was reduced from 15 to 5 tier cent. The carry forward was £7,057.791, against ,£11,789,741 last year. The company’s trading was severely restricted as the Board of Trade's grip on essential supplies lightened. The total turnover for .19,11 was considerably below that of 1910. when Ihe company still had the advantage of the substantial slocks built up in previous years. Canterbury Produce Markets (By Telegraph—Press Association.) CIIKISTCIIL’KCn, April 18. Grain and produce markets during the week have been on a parity willi eondi lions last week. Because of a certain amount, of space becoming available, the market for partridge peas has lirmed slightly and they are now worth up to (1/- on" trucks for No. 1 quality for stations w.itliin a reasonable distance from Lyttelton. Other markets are unchanged. The onion market lias cased slightly because of arrival of the main crop. A shipment of onions was made to Australia last week, but at present no advice has been received of any further sales. Australian Produce Prices (By Telegraph.—Press As<sii. —Copyright.) SYDNEY’, April 16. Wheat in hulk is quoted at 3/11. a biiKhel, and bagged -1/-: Hour, £l2/13/a ton: bran and pollard, £6; potatoes, Tasmanian, £l7/5/-; onions, Victorian, white, 28/- to 30/- a cwt., brown 20/- to 22 maize, 5/3 a bushel. Wellington Poultry Prices Prices of live poultry in tlio. Wellington markets are quoted by 'Townsend and Paul. Ltd., as follows: — While Leghorns, best 2/5 Io ll.'-. others 2/- l» 2/1 cacti; cockerels, 1/- Io 1/2 a lb.; pullels. best S'- to JU,'- each, others 3/- to S'-: Black Orpingtons, liens, heavy, -I/Io <)/- each; medium, 3/- Io -I/-; cockerels, heavv. .1- to 1/2 lit.; medium, I/- Io 1/2; Itliode Island Reds, cockerels, heavy, )/- to 1.2 ill. Dm-ks: Indian Bunner, young. 4/- to (i/eaeh: old, 2/d to 4/-: while, young, 5/- to 7/- each; old, 3/- to 5/-. Geese, 5/- Io 9/-. Turkeys, 1 2 Io 1/5 lb.

Issue Department. Note issue: Govt, debt 11,000,00(1 In eireu- Other Govt. lution 767,100,000 Securities 767,100,000 In bank- Other suing dept. It!, 100,000 eurities 1.000,000 Silver coin *£780,000,000 Gold coin r & bullion 200,000 £ 780,200,000 H 780,200,000 ‘Amount of llduciary issue. Banking Department. Capital 11.500.000 Govt, seen3.100,000 Titles Deposits: Disots., ad- w Public S.SOO.OOO vances i,.Hhi,ooo Bankers 127.1100,000 Other seOilier aes 51.200.000 eurities 22,200,000 Notes and coin 13,500,000 £ 205,500,000 205,500,000 Proportion of reserves to per cent., compared with S.3,> per cent. The principal items of the above return compare as follows with those ot kifet Apr. 8. Apr. l-i. PiB>'lie° ! ’' t t <),00<),000 S.SOO.OOT Bankers 135,100.000 127.000.000 Other accounts u5,u00,ouo .>i,_w,000 £199,600,000 £187,000.000 ''Government .... 172,500,000 Discts., advances ti,100.000 ‘. Other securities 22,000,000 !! ■Reserve ... 1(1,<500,000 13,.>00,(MIO Note circulation .... 763,900,000 707,1<)0,0<K) Gold coin & bullion 200,000 200,000

£ s. d. JC t>. d. Consols, 24 p.c « 7 G 0 2 Of Eiind. Loud, -1, 1960-90 1 l-t 7 6 0 2 G* War. Loan, 34, 1952 . 106 7 6 0 7 6f Cone. Loan, 3A, 1961 . 166 12 6 0 5 0 f Victory Bonds, 4 p.c. 1,13 It! 6 0 2 Of C'wealth, 4, 1943-75 . 101 0 0 same Cwealtb, 4, 1943-4* . JK) 0 0 same C’Wealtli, 3J, 1948-53 . 05 0 0 t>a ine Cwealtb, 31, .1950-61 . 88 0 0 same Cwealtb, 3, 1953-58 . 85 5 () V 5 Or N.S.W., 34, 1930-50 .. «K > — 6 sa me Victoria, 3, 1929-40 . — — Victoria, 5, 11915-75 - • — — y’lantl, 3, 1924-47 .... — 8. Aust., 3, 1910 (opt.) 70 0 0 1 0 0* 8. Aust., v, 1943-57 . 101. 0 0 same W. Aust., 4. 1942-02 . 98 0 0 same Ta sin.. 4, 1010-50 ... OS 0 0 same N.Z., 4-1, 1948-58 .... 118 1 3 0 1 <"t N.z., lino 93 0 0 same t Higher. ♦Lower.