FINANCE & COMMERCE

Dominion, Volume 37, Issue 254, 24 July 1944, Page 6

FINANCE & COMMERCE

’ Bank Of England Return LONDON, July 20. The Bank of England return for the

Government Stock Prices (By Telegraph.—Press Assn.—Copyright.) LONDON, July 20. British Government stocks are slightly more active. New Zealand and Australian are firmer, but there have been few dealings. Prices, compared with those on July

Stock And Share Indices ' (By Telegraph.—Press Assn.—Copyright.) • LONDON, July 22. "Financial Tinies” indices (1926'equale 100)

Dow Jones' Averages (Bv Telegraph.—Press Assn.—Copyright.) NEW YORK, July 22. Dow Jones averages (192 G equals 100):—

Consol. Brick Dividend (Bv Telegraph.—Press Association.) AUCKLAND, July 22. The directors of Consolidated Brick and Pipe Investments. Limited, recommend a dividend of 14 per cent, for tile year ended .May 31. Last year no dividend was paid. Gold Mining Thr Grpy River return for the fortnight ended July 19 was SCiI.T ounces for 251 hours from 135.114 yards. The Snowy River return last week was 169 ounces for 237 hours from 32,000 yards. Apex Invest.-Trust The Apex Investment Trust of New Zealand, Ltd.. iMasterton. reports a net profit for the year ended June 39. of £916. The directors recommend a dividend of 3 per cent., payable on August 3( absorbing £750. There is a carry-forward of £276. against £209 brought in. Hawke’s Bay Farmers’ Co-op. The annual report of the Hawke’s Bay Farmers’ Co-op. Assn., Ltd., for the year ended April 30 shows a net profit of £lO,803. Tlie dividend of 6 per cent, absorbs £11945, leaving £12.944 to bo carried forward. against £12.086 brought in.

week ended July 19 is as follows:— £ £ Note issue: ■ Govt, debt 11,000,000 Other Govt. In circu- sees. 1,138,200,000 latlon 1,133,000,000 Other secs. 800,000 In bank- *£1,100,000,000 lug dept. 10.600,000 Gold coin 200,000 £1,150,200,000 £1,1'50,200,000 ♦Amount of fiduciary issue. JP D . Capital 14.500.000 Govt. sec. 224,400,000 Rest 3,300,000 Discts., adDeposits— vances 4,SOO,000 Public 16,600.000 Other secs. 14,500,000 Hanks 170,400.000 Notes aud Other acs. 56,500,000 coin 17,600,000 £261,300,000 £201,300,000 Proportion of reserve to liabilities, 7.25 per cent., compared with 5.92 per cent. last week. The principal items of the above return compare as fololws with those of last week:— Deposits— £ Pulilie ........ 10,300,000 16,600,000 Bankers 190,300.000 170,400,000 Other accounts . 56,000,000 ■ 56,->00,000 £256,600,000 £ 243,500,000 Securities — Government .. 239,100.000 224,400,000 Discts., advances 4,900,000 4,800,000Other securities . 15,200,000 14,r>00,000 Reserve 15,200,000 17,600,000 Note circulation 1,136,000,000 1,133,600,000

13. are as follows: — Price. £ s. cl. Variation. £ s. d. Consols. 24 p.c 79 7 6 0 3 9t Fund. Loan, 1940-49 . 112 18 9 0 2 Gt War Loan, 3J, 1955 . • 103 11 3 0 1 3t Conv. Loan, 34, 1901 . 104 15 0 0 1 3t Victory Bonds. 1 p.c. 113 O O 0 5 Ot C’wealth. 4, 1945-75 .. 102 2 6 0 8 9t C’wealth. 4, 1943-50 .. 102 17 G 0 7 6f C’wealth. 3. 1948-53 .. 103 0 0 0 12 Gt C’wealth, 3. 1956-fit .. 101 0 0 1 0 ot C’wealth. 3, 1956-59 .. 99 5 O 0 6 3t N.S.W., 31, 1930-50 .. 100 17 6 0 5 Ot Victoria. .3. 1929-49 .. 100 6 3 0 8 9| Victoria, 5, 1945-75 .. 101 17 6 same Q’land. 3. 1912-47 ... 100 5 0 0 2 Gt S. Aust.. 3, 1916 (opt. SO .10 0 same S. Aust., 5. 1945-47 .. 101 17 6 '0 5 Ot • W. Aust., 4. 1942-46 .. 101 17 G 0 6 of Tas tn.. 4. 1942-G2 ... 101 n 3 same ■ N.Z., 44, 1948-55 .... 106 0 0 0 8 9t 3. 1'945 101 0 0 0 5 Ot tlligher.

Govt, sec’s. Floino rails. Industrials Goldmines. •Tilly 11 .... .112.9 99.0 139.7 100.2’ July 12 .... 11.2.9 09.0 139.9 100.3 July 13 .... 112.9 09.0 110.0 100.5 July 17 .... .112.9 0S.9 .110.4 100.4 July IS .... 112.9 GS.9 1-10.7 100.3 July 19 .... 112.9 08.7 .1-10.9 100.1 July 21 .... 112.9 O8.S 141.9 100.1

20 Rail roads. 32 Shares Industrials, sold. July 12 42.53 150.42 1.417.000 July 13 42.41 150.0S 1.377,000 July 15 42.40 150.42 421.000 July 17 42.09 149.28 1.4S2.OOO July IS '41.79 148.10 1,279.000 July 10 42.3S 149.01 1.139.000 July 20 42.07 .148.27 1,343.000 July 21. 41.53 140.77 1.431.000 July 22 40.93 145.58 837.000