FINANCE & COMMERCE

Dominion, Volume 35, Issue 250, 20 July 1942, Page 3

FINANCE & COMMERCE

Bank Of England Return (By Telegraph—Press Association.) LONDON, July It!The Bank of England return lor the week ended July 15 Is as follows: Issue • Department.

Government Stock Prices (By Telegraph.—Press Assn.—Copyright.; LONDON, July 10. ’ British Government bonds are lirm with a moderate turnover. New Zealand Australian stocks are slightly more a C li ' , rThe following table gives the mean Mo'K Exchange quotations for consols and colou ' ial inscribed stocks, compared with most.

Australian Stocks On Wall St. (By Telegraph.—Press Assn. —Copyright.) NEW YORK, July 17Australian Government stocks have regained favour this week and today pew gains were registered, .the chief being: Brisbane Six per cent., IPSO, which were up 2J points. Commonwealth 41 per cent., W5O during the week climbed frotn SSi to 61. CommonwealUi five per cent's, 1U57 rose from 62J to G 5. New South Wales 5 per cents BK>7 maintained their leadership at 71 i- ’ N.Z. Exchange Kates • Telegraphic .rates of exchange, New Zealand on the overseas centres, mentioned, are quoted by the Bank of New South

Gold Mining The Alaori Gold dredge returned 2Soz. 13dwt. for 123 hours from 13.000 yards. The following returns are for the first half of J uly ; Barry town, 2.15 ounces for ISO hours from 70,000 yards; Ktinieri, 480 ounces for 23!) hours from 100.000 yards; Arahura, 700 ounces for 250 hours from 92,000 yards. Season’s Meat Killings Official figures of killings for the present season at Dominion freezing works from October 1 to June 27, issued hy the Aleut Board show that lamb killings to that date total 11,012,237 ccs., this being a decrease of 138.753 ccs. compared with the killings to June 28 last season. Mother mutton killings are 701.720 ccs., and ewe mutiton killings 1,050,05-6 ccs., compared with 01'1.120 and 1.555,251 ccs. respectively last season. Frozen beef production Is now .5S5,'5O'S qrs., compared with 05.>.2.>1 qrs. last season. Porker killings total 201,003 ccs.. a decrease of 10,020. while baconers total 222.034 ccs., a decrease of 60,010. Stock And Share Indices (Bv I elm: i-.'iph.-Press --.-ii — t'oovrlelit.l LONDON, July IS. •’Fluauclal Times” stock and share indices, with previous quotations, are (October 15. 1020. equals 1000):- , Govt. Home Indus- Gold-

Dow Jones Averages (B\ | eh’yraph.—l’n*s.< 4<sn - right.> NEW YORK, .Inly IS. Dow Jones averages equals 100) and turnover on the Now York Stock Lx-’ change compare as follows: — 20 Rail- 82 Shares roads. Industrials, sold.

Australian Produce Prices (By 'Telegraph.—Press Assn.—Copyright.i SYDNEY', July 16. Wheat, bulk, is quoted 3/llj a bushel; bagged, 4/2A; Hour, £l2/13/- a ton; bran and pollard, .£6 a ton: maize, 7/-; potatoes, Tasmanian Brownells. £ 17/10/- a ton; onions are not quoted. Caltex, Ltd., Accounts Accounts of Ualtex. Ltd., formerly 'Texas i Company (Australasia), Ltd., for the year to December 31 shows prolit of £2l2Jul, thus reducing debit, balance to £1.610,772. 'This compares with loss of £114,188 in Ili-10. after allowing for an adjustment ot £110.358 in respect of exchange losses on remittances. Indebtedness to the parent company, California Texas Oil Company, New York, has been increased from £ 1,820,051, Io £ 2,008,578. Walker & Hall Year Net profit, to Walker and Hall (N.Z.), Limited, for the year ended April 30 was £lBOl, compared with £4(KMJ last year and £4002 in 1!MO. The result is arrived at after providing for taxation, depreciation and bad debts. After paying dividend £2025 was brought in, and with the profit there is £3917 available. It is proposed to pay a dividend of 5 per cent, (against 0 per cent, for some years), requiring £l6OO, and to carry forward £2317. The report says the modern factory at. T’reemaiTs Bay to assemble Sbellield goods was able tu operate only on a limited scan? owing to delay in deiiv<‘ry of plant and supplies, but production was now proceeding satisfactorily. Wellington Poultry Prices Prices of live poultry in the Wellington markets last 'Thursday are quoted by Townsend and Paul Ltd. as tollows:—-• White Leghorns: Hens, best 3/6 lu -LU each, others 2/- to 2/6: cockerels 1/2 to I I lb.; pullels, best S/- to 10/- each, others, 6/- to 8/-. Black Orpingtons: Hens, heavy <>/• io S/- each, medium 4/to <;/-; cockerels, heavy 1/4 to 1/6 lb., medium l/l to <l/(J. Rhode Island Reds: Cockerels, heavy 1/4 to 1/0 lb. Ducks: Indian Runner, young 6/- to 10, - each, old 5/- to 6/-; White, young ./- to 10/- each, old 4/- to 7/-. Geese: 5/- to $/-. Turkeys: 1/4 to 1/G lb.

<■ • .(J Note issue: lovt. debt 11,000,000 lation 812,000,000 securities 810,200,000 In bank- Other seeuing dept. 17,600,000 rities ?«)0 000 Silver coin £830,200,000 . Gold coin bullion 200,000 £830,200,000 “'Amount of fiduciary issue. Banking Department. £ . - Capital 14,300,000 Govt, seeuKest 3,300,000 rities lj0,000,00t deposits: Disets., adPublic 0,100,000 vances u,JOO,000 Bankers 120.700,000 Other seeuOther acs. 47,500,000 rities . 20,900,000 Notes and £105,100.000 coin 18,900,000 £195,100,000 Proportion of reserves to liabilities, 10.(18 per cent., compared with 11.80 per cent. last week. The principal items of the above return compare as follows with those or last weekJuly 8. July Ju. Deposits— Al . Public 10,300,000 a.iwwo Bankers 140,500.090 Other accouuts . 48.000.000 4 ( ,o00,000 £•204,800,000 £177,300.000 Securities— Government .... 171,700,000 Discts., advances O.WU.UtW Other securities . 21,100.000 20, 900,000 lieserve ' 24,200.000 18.900.00J Noto circulation .. 807,400,000 812,6O0,tK» Gold coin & bullion 200,000 200.000

o£ July I):— Price. Variation. <1. £ s. 11. Consols. 24 w.c. ...... 83 0 0 0 7 Of Fund Loan. 1960-90 Ila 15 0 0 5 War Loan, 3 A, 1952 .. 100 0 0 0 11 O| Coiiv. Loan, 34, 1301 . life 0 0 0 5 Ji Victory Bonds, 4 p.c 115 «> 9 0 8 C’wealth, 4, 1945-75 .. 101 0 0 2 01 3t C’wealth, 4, 1943-48 .. 99 6 0 1 C’wealth, 33, 1948-<>3 . 95 0 0 0 1 C’wealth, 3 J, 1950-01 . 88 — 6 0 2 Of C’wealth, 3, 1955-58 . 8i) 15 0 0 7 N.S.W., 3-\ 1930-50 .. 93 0 0 same Victoria, 3, 1929-40 .. 92 0 0 same Victoria, 5, 1945-75 .. .101 — 6 same Q'land, 3. 1924-47 .. 93 0 0 •same S. Aust., 3, 1910 (opt.) 4 j. 0 0 same S. Aust, 5, 1945-57 .. 101 0 0 same \V. Aust., -1. 1942-02 .. 98 0 0 same Tasm., 4, 1940-50 ... 98 0 0 * same N.Z., 4J, 1948-58 .... 99 ll> 0 0 Jo N Z 3 1945 9b • > 0 0 5 0* fHigher. ’Lower.

Wales as follows:— Selling 3.2030 Oil Buying Now York, dol. to £N.Z. 3.2542 Montreal, dol. to £N.Z. .. B.<;039 3.5200 India, pence to rupee .. 22 3-16 22f Ceylon, pence to rupee .. 22 3-16 ——4 S. Africa £NZ to £SA100 123 12oi London, £NZto £Stg.lOO 1243 125 Australia,£NZ to £100A 1001 100 liji, £NZ to £100F .... 90

tier's rails. trials. mi ueri. 1941 (high) • 111.0 * j4 .3 lOu.'J 183.3 1941 (low) . 112.11 4 1.5 S3.0 166.4 July 1i) .... 111.2 56.6 100.3 147.2 July 13 .... 114.4 56.9 100.1. 147.2 July 11 .... .114.4 56. S 100.1 1.47.1 July 16 .... 114.4 56.9 100.3 147.0 July 17 .... 114.4 57.0 101. t 146.9

1911 Ibis'll) .. 30.88 133.50 -— 1911 (low) ... 24.45 100.27 .Julv 11 •25.70 1DS.70 151.000 July 1-1 25.81 108.72 273,000 Ju.ly 15 25.69 10S.S0 385,000 July 16 25.70 108.01 265,000 J uly 17 25.6’2 107.82 2.83,000