FINANCE & COMMERCE

Dominion, Volume 37, Issue 126, 23 February 1944, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations

The liltest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows :—

Woolworths Holdings -i -io A (South Africa) . — 1 c. Cum dividend, e. Ex dividend. Stock Exchange Sales

Doalintrs in stocks and shares recorded on New Zealand Stock Exchanges yes eidav were as follows, the number ot shares inarch lot being shown in the case of Wellington:— WELLINGTON. No. of Sa L e V d Shares. . . s ’

Tnscr Stock 21 per cent., 1/10/53, Njz^lnsurlnce l^)! 18 .£ W9? Breweries, £2/3/6; Innes nnd Co., £l/10/-, Mortel Dick, 7 £l/5/6; WUson’s . Cement. 19/0: Woolworths (N.Z.), li/H, worths (Syd.), 10/6. , Unofficial list. Fletcher Holdings, £l/5/-. CHRISTCHURCH. 5/^Tank S^ £ Ck N.Z., P £2/4AVN 1 Kn £ a 1 nh Merc., £5l; N.Z. 10/Electro Zinc, ord., £2/17/6, ditto, pref., £2/19/-, £2/10/3; Wilsons Cement, 19/8, 19/9. DUNEDIN. Inscr. Stock, 24 per cent. 1947-49 £9BJ ditto, 3 per cent., 15/12/03-ob, National Insurance, .£l/5/-; South British Insurance, £3/16/0; Standard Insurance, £4; N.Z. Breweries (2), £2/1/9. BANK Sterling Funds Higher The sterling exchange funds of the > Reserve Bank on February 14 totalled £37, 368.883. a further increase of £960,717. ine note issue at £36.470,136 shows an increase for the week of £62,760. The statement, as at Monday. February 14, is as follows.

£ (N.Z. >95,241,041 10 8 Proportion of reserve to notes and other demand liabilities. 43.741 per cent., compared with 43.746 per cent., on February 7 The reserve on February 14 was £40,052,614, an increase of £007,297. A year ago the reserve was £34,384.769. Sterling exchange on lebruary 14 amounted to £37.368,353. an increase of £960,717. Liabilities In currencies other than New Zealand currency total £85.146 (an increase of £53420), thus making the bank’s not overseas assets £37,280,737, compared with £39.373.440 on February 7 an increase of £907.297. A year ago these assets amounted to £31.382,89— Advances to the State Marketing Department? total £1,764,042, an increase of £1,031,512. A year ago they were £4.224,769. Advances to the State for other• purPosps remain, unchanged at against - , £30.000,009 a rear ago. Tlip note issue on February 14 stood at £30.470.130. an Increase of £62,i60. A year ago it was £29,802,055. Demand liabilities to the State amount to £13.890,466. it decrease of £2,32b,(k>3. Tim trading banks’ reserve balances total £39 999.045 an increase of £3,533,039. Other liabilities at £1,276,255 have increased by £815.504. onion <uo The statement balances at feao.zii.vi-, an increase of £2.142,169. Dividends. Declared

Macduffs, Limited, advise that after consideration of the company’s ‘ accounts for the year ended December 31, the dtree. tors propose to recommend at the sixth annual meeting, to be hold on March -*• the payment, of a. dividend b? 6 per eejit. to preference shareholders for the period ended .March 31, 1942. Tills, with the iuterlm dividend paid in September last, will mean that the company is paying » per cent, for 1 lie year, and equal to 18 months’ payment oft arrears. Transfer books close March .11-24 inclusive. William Adams and Co., Ltd., advise that in view of the satisfactory operations of the company for the first half of the current financial year, and the, prospects for the remainder of the period, the directors have resolved to declare an interim dividend on the ordinary shares of the company at the rate of B}d, per share, payable on March 1. Transfer books close February 21-Mareh 1 inclusive.

OJ. n «• 1 78/46 Buyers. A! s. d. Sellers. £ s. d. 98 0 0 24 u.c.. 15/9/47 ...... 9U 5 0 — 24 p.c.. 15/6/17-49 .. 97 17 6 — *>J pc* 1/10/53 95 7 ■ ■■ 3* p'.e.,' 15/7/1945 99 5 O —— 3 p.c., 15/0/46-18 .... 100 0 0 —■ 3 p.c.. 1/8/51-51 .... 99 0 0 —— 3 p.c.. 15/9/52-55 .... 100 0 0 —• 3 p.c.. 15/5/53-56 .... 99 o 0 •— 3 p.c., 15/12/53-56 ... 99 5 0 3i p.c.. 15/1/56-59 ... 101 w 6 — 31 p.c.. 15/9/57-JiO ... 102 0 0 •1 p.c.. 15/2/53-nfl . ... 106 —• 6 101 5 4 p.c., 15/6/52-55 7 — 4 p.c., 31/5/54-58 ..... 107 6 6 Liberty Bonds. 1.1/9/49 0 19 0 18 Comm. Bank Aust. —• •* 10 10 0 E.S. & A? Bank 4 1 0 — Bank N.S.W x31 10 0 — Bank New Zealand. D 12 1 tJ 7 15 0 — Dalgety & Co. .. .... — 8 15 0 Golds’brough Mort. . 1 7 9 0 Newton, King. pre.'. . — 1 o 4 — Loan and Mercantile . 50 0 0 —— W.F.C.A.. pref O 7 3 Wgtn. Inv. T. and A. . 0 7 6 Wgtn. T. and Loan . 3 14 0 Christchurch Gas ... 1 5 0 Wgtn. Gas, ord 1 11 6 1 3 6 Queensland Ins. 3 2 0 q Standard insurance . x4 0 Canterbury Meat ••• 15 0 0 ——■ 8 0 0 1 •> 9 —• Huddart, Parker .... p & o c3 1 i 19 0 6 — 1 5 0 Bruce Woollen 1 14 6 — Felt & Textiles 2 10 3 —- Kaiapoi Woollen, pref. 1 3 0 Oamaru-Woollen 1 8 3 — Prestige, pref. • 1 7 0 Dorland O’Brien limb. 1 2 0 Rotoiti Timber —— 0 9 Taupo Totara Timber 0 10 N.Z. Breweries 2 1 0 S ~ 2 17 0 Dominion Brewery .. PT . 3 Anthony Hordern ... 1 0 0 — 3 1. 0 ColoiTial ..... 59 15 0 60 O 0 Dental & Medical ... 1 0 0 •— D.I.C., pref. ......... Electro. Zinc., ord.. . 1 b 2 16 0 6 — Ditto, pref 6 Frozen Products ...» O 7 6 Griffin and Song. £1 Ditto 10/- ......... 1 0 9 14 6 6 I C l" prof 1 5 6 — J ”'j” TJiven 0 16 9 — 0 13 6 . — 'Ditto,, pref Cl 5 2 12 9 0 ■ —. Mackay. Logan ..... Metters (N.Z.) ..•••■ N.Z, Forest Products 1 O 11 18 0 9 1*0 0 8 0 12 0 0 6 Nat Electric .. 1 11 0 — 4 13 6 N.Z. Newspapers .... 2 1 6 Reid ■Rnhhpr ........ 1 8 3 — B1 DHfo, pref 1 9 3 n q 0 V 0 Wm. Cable, pref Woolworths, Ltd. ... 1 8 0 110 O 19 6 8 Woolworths (N.Z.) • 0 17 9 Ditto, Properties . 1 8 0 Mt. Lyell 1 10 0 0 8 7 Mt. Morgan Wgtn. Alluvials 0 5

£400 Inscr Stock. 3 p.c„ 15/12/ <() £255 Ditto. 31 p.e.. 1°o7-60 «• £1200 Ditto. 31 pc.. 1953-57 . £250 Ditto. 4 p.c.,. 1940-52 ... 300 Bank ot New Zealand . 325 Ditto 300 National Insurance .... ♦102 5 0 ♦103 7 6 ♦105 O 0 ♦2 3 0 2 3 9 *1 5 0 15 0 0 19 0 15 6 Unofficial List: 100 Nelson FreezingCo. ... •Late sale Monday. AUCKLAND. *5 0 0

LIABILITIES. d. . £ e. General reserve fund -tn Bank notes 36,470,136 10 0 0 D 'tT) a sLJo abl "“ e . S ~ 13.890,400 5 (b) Banks 39.SW 3 1 4 Liabilities in currencies other than N.Z. currency .88,146 0 Other liabilities 2.017, uaj rx £ (N.Z.)95.241,041 10 S ASSETS. .. 2.S01.S77 10 0 (bY'Sterling exchange .. 37 - 333 -® 33 * no n 78,926 lb IV Advances to the State — (1) Marketing Dept. ... 1 5 (3) Eor other purposes . 40,Wo,000 0 7 Other “s J.:”:""::.: 2.267,820 4 1