FINANCE & COMMERCE

Dominion, Volume 37, Issue 61, 7 December 1943, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations

The latest buylug and selling quotations recorded yesterday ou the NVelliugton Stock Bxchauge wore as follows:— Buyers. Sellers. £ s. d. £ s. d.

Dealings in stocks and shares recoMcA on New Zealand Stock vesterdav wore as follows, the number of - bare, in eneb lot being shown in the cafe of Wellington: — WEfXTNGTON. Vrx nf Sale PriceNo* £ s. <L sharps. £1375 Inscr. Stock, o p c., 15/1-/ 6 5 Colonial Sugar 1 ” R 40 G. J. Golos 3 0 •Late eale Friday. AUCKLAND. Inscr. Stock, 3 per CcnU 15/l>/52-Wr 10/-- ditto. 3 nor cent., IdZl2/03-w b/n-' Auckland City, 41 per cent., £lO5/15/-: Hamilton Borough Council. 4f per cent., i/7/53. £10845/-; Bank of Australasia. £9/5/-: s"e? n £ i/4/9: Stan'lard insurance £3 I£B/o7v^“l 1 £ 8/ o7v^“lM S S l m 4 ar. B £sj/ n iO/-t MX; Hnnufa’cturers. 6/9; Wilson’s CemeM. W/ 1 . Woolworths (Syd.). 2nd pref., £l/1«/CHRISTCHURCH. National Insurance. . £ i£?£ 9 G ut ß s/o? 8 Breweries. 15/- paid. 17/-: Slab Hut, o/v. DUNKDIN. Standard Insurance. £3/18/-. RESERVE BANK Rising Note Issue The sterling exchange funds of the-Re serve Bank on November 20 4H7-4 a further increase of £1,341,641. -Tie note Issue, with the approach of Christmas has reached a new record high level at £35.423.186, the increase for the week being £473.294. statemeiit as at Monday. November 29. is as follows. lmmmhim. £ , a

£( N.Z.) 84,022,178 12 2 Proportion of reserve to notes and other demand liabilities. 40„>02 pereen . <■t>m pared with 39.639 per cent The reserve on November J) vas -3-. 306.364. ml increase of £4•’T-/’ 4 • A 4 el * ago the reserve was £29.164,..60. 09 stprlin" exchange on \o\eniuer - amounted to £30.431.725. an increase of £1.341.(51. Liabilities in currencies othe. assets were £20.363,083. Advances to tho State Marhfctlng partment totalled £667098. an increase of pii 351 \ vear ago they were u i.o.* • 434* ’ Advances to the State for oth e- purnoses remain unchanged at £37,73a00U, compared with £24.300,000 a year azo The note issue on Novembm v.a. £« 423,186, an Increase nf £4i.>.-94, A yea uro It w’as £25.4«>0,710. . . . ■ Remand liabilities to the Plate nnmunUO £15.447,751. a decrease of £4 S -’™' , ’ | trading banks’ reserve ha’ances tot. -- •_ 33! 173 a decrease nf £G.»0.9v4. h at £550.578. have Increased b.V ,C Thc balances at £84.022,179. an increase nf £331.1»>3. Donv Jones Averages

( By Telegraph.^r"pcccmbe/!. Dow Jones equals

Stock And Share Indices

Mt. Morgan Surplus Mt Morgan Ltd. reports for the four weeks ended November 14 a working surplus of £405. In arriving at the working surplus no provision has been made for depreciation, overhead expenses of LlilK) and preference share dividend £1231. Capital expenditure for the period amounted to £7780. Mining operations were continuous, but there has been no improvement in the manpower position. The tonnage of ore treated in both mills decreased compared with tlie previous period. Grade of ore improved both as to gold and copper in tlie No. t mill, while In the No. - mill Dm grade of gold was higher, but that of copper lower. The smelter operated full time, with improved production.

2} pc.. 1/8/40 ...... US 7 6 MM 97 7 6 M 96 10 0 «. ■ i ii 24 p.c., 15/6/47-4-9 ... 97 0 0 2} p c. 1/10/33 ...... 94 0 0 MM 3 p.c., 15/7/1945 .... 99 15 0 — 3 p.c., l/S/ul-34 •••• t>8 17 6 — 3 p.c., 15/9/o*2-53 98 5 0 — 3 p.c.. 15/5/33-56 •. • • • 97 17 0 3 p.c.. 15/12/53-56 .... 99 0 0 — 31 p.c.. 15/1/50-70 ... 101 5 0 31 p.c., 1.W07-O) .... 101 2 6 — -I p.c.. 13/2/43-40 .... 10! 10 0 ——• 4 p.c., 31/5/54-58 .... Liberty- BiHmLs. 15/9/49 100 0 0 0 19 0 MM Comm. Bank Aust. .. 0 17 0 is 1 U.S. & A. Bank ....'. 3 19 0 —- Nat. Bank N.Z 2 13 9 Dank New Zealand .. M — Com. Bank of Syd. . — 21 10 0 E(|iiit. Buildings .... 1 0 6 N.Z. Guarantee .... 0 3 10 W.F.C.A.. pref 0 7 X «*— Wgtn. T. & Loan ... 3 12 6 Nat. Mortgage, A .... — if 1 6 Ditto, B i, ■» 1 13 6 Auckland Gas ...... __ 0 7 7 Wgtn. Gas. ord 1 12 6 MM Ditto, pref xl 3 3 New Zealand Ins 4 7 « —- Queensland Insurance o 1 6 South British Ins.- .. 3 14 3 — ■Standard Ins. ....... 3 16 ■ Canterbury Meat .... 13 5 <t —— 1 3 10 ■ ' p. & 0 110 6 — Lin ion ......... 1 0 6 3 1 10 9 Pelt & Textiles ...... 2 9 — I * rest i go pief. ...... 1 7 0 MM Timaru Woollen 1 0 fl Wgtn. Woollen, pref. c9 2 6 MM Leyland' O'Brien Tim, 1 0 9 Roroitl Timber —- 0 9 0 N.Z. Breweries . .... xl 18 3 Dominion Brewery .. —- c2 0 6 3 Taranaki Brewery 4 C I — 1 7 2 16 Anthony Hordern M— 1 I 0 Berlei (N.Z.) 3 13 e •— British Tobacco X2 7 6 Broken Hill -M 3 4 9 Burns, Philp ........ 3 0 0 <■ —* Colonial Sugar x57 5 0 xO 10 10 D T C ord .......... 0 18 0 . MM Ditto pref. ....... 1 6 0 MM Dunlop Rubber 1 4 MM G .t Coles ......... 3 0 0 MM Gridin & Sons,. £1 .. 1 5 0 — D’tto 10/0 12 6 MM. 1 5 9 IM 0 13 to Ditto, pref 1 4 3 — Mflckav Logan 1 10 0 MM 0 17 6 —M 1 9 0 ■ l.M 4 9 6 MM N.Z. Newspapers .... 1 19 6 1 8 0 Ditto, pref 1 9 n MM Seltridges (A/asla) .. 1 o 6 .Taranaki Oilfields 0 3 0 Wilson’s Cement .... 0 19 0 ’ Wm Cable, pref. ..... 1 4 0 19 Woolworths, Ltd. 0 19 Woolworths (N.Z.) .. 0 17 Ditto. Prop 1 7 9 n r g Mt. Morgan — Nth. Broken Hill ... —— UNOFFICIAL. T,IbT. Crown Theatres 0 7 (> — C. and A. Odlln .... 1 0 9 Wbakatane Paper Mills, ord 0 8 Dorn. Farmers Inst. 6 4 ~0 0 13 0 $ Frozen Products ... • Aust. Motorists’ Petrol pref. ■ 1 4 6 MM Kilbirnie Theatres, ex 0 14 0 -M c. Cum dividend. x. Ex dividend. Stock Exchange Sales

General reserve fund .... l,5t>0,000 0 . 35.423,186 10 o 0 Demand liabilities— (a) State_ . 15.147.751 . 28.334,172 7 11 5 6 5 550,578 6 Liabilities other than in 027.238 4 8 nf-her /liabilities , 1.830,251 12 £(N.Z.)S4.022,178 12 2 ASSETS. Reserve— 2.801,877 10 0 (b'i Sterling exchange .. , 30,431,724 53,222 18 IS u 0 Advances to the State— ID Marketing Pert (2) For Other purposes , 667,097 ; 37,735.000 , 10,324.424 14 0 13 h 7 . 2.008.830 17 <5

roads. Industrials, sold. 1042 (high) 1942 (low) ...... Nov. 20 ••••••••• Nov. 22 Nov. 26 Nov. 30 ••••••■•• Dec. 1 .••••••••• 29.28 23.31 33.20 33.40 32.0S 31.50 31.91 32.21 119.71 92.92 132.94 132.05 131.33 129.57 130.99 131.91 4S2.000 910,000 901.000 712,000 711.000 558.000 Dec. 3 ..•••••••• Dec. 4 .«•■•••••• 131.87 302,000

<s .Assn —Copyright.1 LONDON. December 4. Home 1 ndusGo la rails. trials. mi neg. V.l 12 (li i^’li) . 1012 (low) . Nov. 22 .... 111.1 113.4 112.7 112.7 112.7 5-1.6 51.1 68.3 67?J 118.0 <111.11 128.0 125.7 125.0 158.1 158.1 102.4 1C.2.I 1I-.2.0 125.11 n-.t.o Nov.’ itfi 112.8 67. S 125.2 101.1 !)(.<. 2 ...... 112.8 (17.8 125.8 162.0 Dec. 3 ...... 112.8 67.y 120.3' 102.3