FINANCE & COMMERCE

Dominion, Volume 37, Issue 165, 10 April 1944, Page 6

FINANCE & COMMERCE

Bank Of England Return

(By Telegraph.—Press Assn.—Copyright.) LONDON, -April 6. The Bank of England return tor the week ended April 3 is as follows: — £ £

Government Stock Brices (

Bl I'elegrapii. —l’rese Arm- --CopyrighLl ■ LONDON, April ’4* Government stocks are quiet. Prices compared with those of March 30 are as

Gold Mining The .Maori gold return last week was 370 z. 16dwt. for 89 hours from 10,000 yards. Dividends and Calls N.Z. Drug—final, 44 p.c Apr. 13 M.K. Manufacturers—6 p.c Apr. 14 Woolworths (N.Z.)—pref., halfyear, 4i p.c Apr. 15 Woolwortbs (W.A.) —ord, final, 7 p.c Apr. 35 Woolworths (Vic.) —pref., halfyear, 7 p.c. p.a Apr. 15 Woolwortbs (Syd.)—fiual, ord., 7 p.c Apr. 15 Auckland Laundry—4 p.c Apr. Northern Roller Mills—2} p.c. .. Apr. 20 Howard Smith—final, ord., 3 p.c. Apr. 20 South British Ins.—l/- a share . Apr. 27 Abraham & Williams—int. ord. 2J p.c. Apr. 30 Electro Zinc, 4 p.c., ord. and pref. May 2G Stock And Share Indices

Dow Jones Averages (By Telegraph.—Press Assn.—Copyright., NEW YORK, April S. Dow Jones averages (1926 equals 100):—

U.S. Gold Stocks Decline The huge gold stocks of the United States have been declining steadily for more than two years. Early this year the total had fallen by about 800,(XX),000 dollars below the peak of 22,800,000,000 dollars reached toward the end ot 1941. The outflow reflects principally the excess import balance in U.S. cash foreign trade, according to tlie National City Bank of New York Review. Cash payments for excess imports nre now running at the rate of about 600.000.000 dollars a year, and tlie bulk apparently is going to individual Latin American countries. This, in turn, is -being reflected in the phenomenal growth of Latin American gold and foreign exchange balances which increased during the first nine months of 1043 by about 700,000,<X)0 dollars, to more than 2,000,000.000 dollars. If new production and imports of gold to the United States are considered, the overall loss during the two years was probably nearer to 1.300,000,000 dollars than to 600,000,000 dollars. Most of the ■ metal itself remains in the United States in the earmarked stock held by the Federal Reserve Banks for the account of foreign central banks.

Note issue— Govt, debt 11,000,000 In clrcu- Other Govt. latiou 1,119,200,000 sec. 1,138,300,000 Other secs. 700,000 In bank- — iug dept. 31,000,000 ‘£1,130,000,000 Gold coin 200,000 £1,150,200,000 £1,150,200,000 ‘Amount of fiduciary issue. £ £ Captial 14,500,000 Govt. sec. 189,400,000 Rest 3,100,000 DIscts., adDeposits— vances 13,700,000 Public 8,700,000 Other secs. 15,500,000 Banks 100,900,000 Notes and Other acs. 50,800,000 coin 31,400,000 £ 250,000,000 £ 250,000,000 Proportion of reserve to liabilities, 13.51 per cent., compared with 17,08 per cent, last week. The principal items of the above returns compare as follows with those of last week D pubiic _ 7,100,000 8,700,000 Bankers 188,800,000 100,900,000 Other accounts . 60,200,000 56,800,000 £256,100,000 £ 232,400,000 .... 180,000,000 189,400,000 DIscts., advances 15,100,000 13,700,000 Other securities. 26,700,000 15,500,000 Reserve 40,000,000 31,400,000 Note circulation . 1,104,600,000 1,119,200,000

follows:— Price. £ s. d. Variation. £ 8. <1. Consols, 2>) p.c 79 1 3 0 2 Gt Fund. Loan, 1940-90 . 112 S 9 0 6 3f War Loan, 3}, 1952 .. 104 3 9 0 3 9f Conv. Loan, 3$, 19G1 . 104*5 O 0 3 «t Victory Bonds, 4 p.c. 112 3 9 0 3 Of C’wealth, -1, 1945-75 . 103 0 O 0 3 5? C’wealth, 4, 1043-50 . 101 10 0 0 2 6* C’wealth, 3, 1948-53 . 103 5 0 0 6 3t C’wealth, 3, 1950-61 . 90 15 0 same C’wealth, 3, 1950-59 . 97 10 0 0 2 GT N.S.W., 34, 1930-50 . . 101 0 0 0 2 Of Victoria, 3, 1929-49 .. 100 2 G same Victoria, 5, 1945-75 .. 102 13 9 0 3 9t Q’land, 3, 1942-47 ... . 100 2 0 same S. Aust., 3, 1910, opt. 84 15. 0 0 10 or S. Aust., 5, 11)45-47 .. 102 13 9 0 3 9t W. Aust., 4, 1942-16 . 101 15 0 same Tasiu., 4,1942-62 .... 101 17 6 0 2 6’ N.Z., 41, 1948-55 .... 104 15 0 0 .2 Gt N.Z., 3, 1945 100 12 6 0 2. 6* tHlgher. ♦Lower.

(By Telegraph.—Press Assn—Copyright.) Govt, see’s. LONDON, April S. Home Indus- Goldrails. trials, mines. •Mar. 23 112.5 07.9 129.9 156.1 Mar. 24 112.5 67.9 129.7 1 55.9 Mar. 27 112.5 07.7 129.6 135.0 Mar. 28 112.4 67.0 129.4 155.1 Mar. 29 112.4 67.4 129.0 155.1 Mar. 31 112.5 67.4 129.7 155.1 Apr. 4 ..... J 12.5 07.6 129.9 157.1 Apr. 5 .... 112.6 67.7 129.9 157.9 Apr. 6 112.5 67.9 129.9 158.5

20 Rail- 32 Shares Mar. 23 . roads. Industrials, sold 411.02 138.05 1,174,000 Mar. 27 39.09 . 130.12 (193,000 Mar. 28 39.21 137.88 1,344,000 Mar. 2'J . 39.14 137.45 1,107.000 •Mar. 31 39.34 '• 138.84 797,000 Apr. 1 39.01 138,84 323.000 Apr. 4 39.33 138.0(1 372,000 Apr. 5 30.40 138.01 758,000 Apr. 8 39.50 139.10 365,000