FINANCE & COMMERCE

Dominion, Volume 37, Issue 260, 31 July 1944, Page 6

FINANCE & COMMERCE

Bank Of England Return LONDON. July 27. The Bank of'England return for the week ended July 26 is as follows: —

Proportion of reserve to liabilities. 5.49 per cent., compared with 7.25 per cent. la The'principal items of the above return compare as follows with those of last

Government Stock Prices <Bv Telegraph,—Press Assn.—Copyright.) 1 y LONDON, July 27. Government stocks are quietly steady. Prices, compared with those on July 20,

Bank Of N.S.W. Dividend The Bank of New South Wales lias declared an interim quarterly dividend of 6/a share in Australian currency, payable nt head office on August 31. Transfer books close on August 14. Consol. Brick & Pipe Year .Dominion' Special Service. AUCKLAND. July 28. The accounts of Consolidated Brick and Pipe Investments. Limited, for the year ended Mav 31 show a net. profit of £8092, compared "with £6978 in the previous year and £8377 in. 1942. The balance brought forward was £Bll7. making £16,709 available. The directors recommend a dividend of H per cent., (no distribution was made last year), absorbing £8379. leaving £Bo3o to be carried forward. Broken Hill Profit (Received July 30. 9 p.m.) ' SYDNEY, July 30. The net. profit of the Broken Hill Proprietary for the year ended -May 31 was £728.(574, compared with £697.791 the previous vear. an increase of £30.883. Profit from 'trading fell by £79,242, being £480,638 for the year, but income from investments at £248,036 represented an increase ot £110,125. The dividend of 5 per cent, (unchanged) amounts to about £694.250. The company’s profits have declined heavily during the war. despite the subscription ot increased capital. In 1938-39 Hie company earned a record profit of £1,431,513.

Gold Mining The Slab Hut return last week was 940 z. for 119 hours.

Dow Jones Averages (By Telegraph.—rrcsn Assn.-Convrie-iit.) vtinr Tore Jnlv 29.

Stock And Share Indices

(By Telegraph.—Press Assn.—Crqiyrlght.) LONDON. July 29.“Financial Times” indices (1926 equals

Note issue: Govt, debt 11,000,000 Other Govt. In circusecs. 1.13S.200.000 lad on 1,136,500.000 Other sees. 800,000 In bank•£1,150,000,000 inc dept. 13.400,000 Gold coin 200,000 £1,150,200,000 £1,150,200,000 •Amount of fiduciary issue. £ £ Capital 14,500.000 Rest 3,400,000 Govt. sec. 249.200,000 Discts., adDeposits— Public 7.700,000 vances 4,700,000 Other sees. 12,500,000 Banks 190.800,000 Notes aud Other acs. 55,400,000 coin 14,400,000 £280,800,000 £280.800,000

week: — June 19. June 20. Deposits— Public £ . 10,600,000 . 170,400,000 7,700,000 199,800,000 Other accounts . 56,500,000 55,400,000 ' ■ £213,500,000 S .... 224,-100,000 •Discts., advances 4,800.000 Other securities . 14,500,000 Reserve 17,600,000 Note circulation 1,333,000,000 £262,900,000 249,200,000 4,700,000 12,500,000 14,400,000 1,136.800,000

are as follows: — Price. £ s. d. Variation £ s. d. Consols, 2} p.c 79 6 3 0 13“ Fund. Loan. 11140-19 - 112 17 6 0 13“ War Loan, 31, 1955 103 11 3 same Conv. Loan, 3$, 1961*. 104 13 9 0 1 3* Victory Bonds, 4 p.c. 111 7 6x 1 12 6“ C’ weal th, 4, 1945-75 . • 102 6 same C’wealth, 4 1943-50 .. ite 17 6 same C'wealth, 3. 1948-53 .. 103 0 0 same C’wealth, 3, 1956-01. .. 100 0 0 10 0“ C'wealth. 3, 1956-59 .. 99 u 0 same N.S.W. 31, 1930-50 .. 100 17 6 same Victoria 3, 1929-49 .. 100 10 0 0 3 81 Victoria. 5, 1915- io .. 102 1 0 3 9t O’land. 3. 1942-47 ... 100 15 0 0 10 Of S. Aust., 3. 1916 (opt.) 87 0 0 0 10 Of S. Aust.. 5. 1945-47 .. 101 15 0 0 2 6“ W. Aust., 4 1942-46 -- 101 15 0 0 2 6“ Tasm., 4. 1942-62 ... 101 12 6 0 1 3i N.Z., 11. 1948-55 106 0 0 ' same N.Z., 3. 1915 101 0 0 same tlligher. “Lower • X Ex interest.

NEW YORK. J uly 20. Dow Jolies uverasos (1926 equals 100):— 20 Rail- 32 Shares roads. Industrials. sold. July 20 -12.07 148.27 1,343.000 July 21 >41.53 146.77 1,431.000 July 22 40.03 145.58 837.000 July 24 -11.03 145.77 1,005,000 July 25 41.68 146.74 831.000 July 27 41.51 146.74 694,000 July 28 41.27 146.14 563.000 July 20 41.32 146.14 231,000

100) — Govt. Home Goldrails. trials, mines. July 19 21 .... 112.9' C>8.7 110.9 160.1 July 112.9 08.8 141.9 1(10.1. .Till v 24 .... 112.9 (18.8 112.2 1G0.2 July 112.9 68.7 142.2 100.1 July 20 112.9 (18.5 142.3 159.3 .Inly 11.9.0 08.1 142.0. 159.4 July 28 .... 112.9 GS.5 142.3 159.3