FINANCE & COMMERCE

Dominion, Volume 38, Issue 20, 18 October 1944, Page 8

FINANCE & COMMERCE

OVERSEAS TRADE Figures For August And Eight Months Overseas trade figures fdr August, ’which were released by the Customs Department yesterday, show that imports, which include defence and leud-lease supplies, continued to be heavy aud again there was a great excess of imports over exports, though the excess of imports over exports lor the eight months of this year was not as great as iu the corresponding periods of 1942 aud 1940. ' Imports in August were £12,954,000, compared with £10,823,000 iu August, 1943, an increase of £2.131,000. Exports iu August were £7,089.000. compared with £6,493,000 in August, 1943. an increase of £1,196,000. The excess of imports over ex- ‘ ports during the month was £5,265,000. compared with £4.330.000 ini the previous August, an increase of £935,000. Exports exceededsimports by £1,224,000 in August, 1942, but in each of the several previous Augusts the excess was of imports. In the eight months since January 1, imports have amounted to £68,095,000, compared with £61,416,000 in the corresponding eight months of last year, an increase of £3,679,000. Exports were £48,993,000. compared with £45,633,000 last year, an increase of £3,360,000. The excess of imports over exports in the eight months of this year has been £19,102,000, compared with £18,783,000 in the first right months of 1943, an increase of £319,The figures for the first eight months of each of the last six years are as follows:—

AH values are expressed in terms of New Zealand currency. STOCK EXCHANGE Sales In Zealand Dealings in stocks and shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number of shares In each lot being shown in the case of Wellington: '

AUCKLAND. ‘ ;

Inscr. Stock, 2.J per cent, 15/5/48. £9B: do, 3 per cent, 15/5/53-56, £9B/5/-; ' ditto, 3 per cent, 15/12/53-56, £9B (2); do, 4'per cent, 15/6/52-55, £lO5/12/6; do, 4 per cent, 15/6/52-55, £lO5/12/6 (3); Alt. Eden Borough Council, 4f per cent, 1/4/58-03, £108: Waitemata Power Board, 4| per cent., 1/12/64, £111; Bank of N.Z., £2/4/11; Bank of N.S.W., £35/10/-; E. S. & A. Bank, £4/6/0; Union Bank, £B/7/(2); Commercial Bank, 18/-; South British, £3/17/- (2); Dominion Breweries, £2/5/-; N.Z. Breweries,. £2/2/3; Colonia: Sugar, £57 (3); Caro's (Stores, £l/5/-; Consolidated Brick, 10/3: G. J. Coles, £3/9/-; Sanford, 8/8; Silknit, £l/4/6; Woolworths (Sydney), £l/1/-; Woolworths Holdings, £l/10/1*; Mt. Morgan, 7/9 (2). Unofficial list: Whakfitane Paper Mills, 6/3. CHRISTCHURCH. Wool Bonds, 1949, 19/4; New Zealand ' Breweries, £2/2/3, £2/2/4* (2); N.Z. Farmers’ Co-op. (Ist pref.), £5/5/-; Grey River, 12/- (2); National Insurance (late Monday), £l/4/6; Kaitangata Coal, £l/9/-; Westport Coal, £l/6/9, £l/6/10; do. (late Monday). £l/6/9; Fletcher Holdings (ord), £l/5/6 (odd lot); Fletcher Holdings (new issue), £l/3/3 (odd lot). DUNEDIN. Inscr. Stock, 3 per cent., 15/12/53-56, £9S; E.S. and A. Bank, £4/6/-; Donaghy’s Rope, £3/7/-; Dunlop Rubber, £l/5/-. South British Record Year (By Telegraph.—Press Association.) AUCKLAND, October 17. A record surplus of £273,172, after making full provision for outstanding losses and taxation, is shown in the accounts of the South British Insurance Company for the year ended August 31. The net premium income totals £2,612,011. Also a record is another revenue item, interest and rents, which total £176,489. With £264,616 brought forward, there is £714,276 available. The directors have allocated £200,000 to the investment fluctuation fund and contingencies reserve, leaving £514,277. An unchanged ■ dividend of 2/- a share takes £206,325, leaving £307,949 to carry forward. Losses, were £1,403,581, and expenses, £825,258. Gold Mining ■ The Ngahere return for tlie fortnight ended October 13 was 252 ounces for 192 hours from 78,50 S yards. Because of the Slab Hut.'Creek dredge working in Little Grey wash there will be no wash-up this. week. In the fortnight ended October 14, Austral New Zealand Mining Ltd., operated 239 hours, producing 24S ounces of bullion. Dividends And Calls

Stock' And Share Indites (By Telegraph.—Press Assn.—Copyright.) LONDON, October 14. “Financial Times" indices (1926 equals

Dow Jones Averages (By Telegraph.—Press Assn.—Copyright.) NEW YORK, October 11. Dow Jones averages (ltr2(s equals 100):— 20 Rail- 32 Snares

8 mos. Excess of ended Experts. . Imports. exports. August. £ (N.Z.) £(N.Z.) £(N.Z.) 1944 .. 48,993,000 68,005,000 *10,102,000 1943 .. 45,633,000 , 64,416,000 *18,783,000 1042 .. 57,824,000 33,357,000 24,467,000 1941 .. 46,467,000 30,486,000 13,081,000 1940 .. 541145,000 34,050,000 20,195,000 1939 .. 44:478,000 36.440,000 8,038,000 ♦Excess of imports.

WELLINGTON No. of shares Sale price. £ s. d. VOO Inscr. Stock. 31 per cent. , 1080 Inscr. Stock. 31 per cent... . 15/1/53/57 .. 102 2 6 200 Bank of N.Z. ..... ... *2 4 9 419 Bank of N.Z .. *2 5 0 450 Bank of N.Z. ' 2 4 11. 600 Commercial Ba nJ: (2) . IS 0 20 Union Bank (odd. lot) , .. ‘8 7 0 35 I3.S. & A. Bank •. *4 6 6 100 National Insurance ... .i *1 4 6 250 Silknit (N.Z.) ■ .. »1 4 6 * Late sale Monday.

Snowy Elver—10 p.e Arahura—ord. and def., 1/6 • ■ ... Oct. 20 .... Oct. 20 Kotolti Timber—pref. 6 2-5 J p.e,. .... Oct. 25 South British —final, 1/- ... Oct. 26 Aust. Motorists Petrol—ord., . 4 n r» . .... Oct. 27 Beath and Co.—final, ord., 3 P-c.; pref., 2 J p.e .... Oct. Guarantee Corp.—ltd. a share ... Oct. 30 British Tobacco—pref., qr., £1 .12/6 p.C ,Oct. 31 Booth-Macdonald—pref., final, 3 .... Oct. Nat. Bank of A’asia—final 2J p.c. Oct. Win. Cable—pref., half-year, 3J ... Nov. 1 Macky Logan, Caldwell —int.. . 3 .... Nov. 1 -.. w Nov. 7 Amai? Wireless—final 5 p.e. .. ... Nov. 10

100) Gort. Home Goldgees. rails. trials. mines. Oct. 6 ... 114.4 64.6 136.8 160.8 Oct. 10 .... 114.3 65.0 136.S 160.0 Oct. 11 .... 114.3 65.3 J 36.7 160.6 Oct. 12 .... 114.4 65.6 136.6 160.4 Oct. 13 .... 1'14.4 66. t 136.8 160. <* Oct. 1-1 .... .114.4 66.3 136.3 160.2

roads. Industrials, sold. Oct. ... 41.10 147.80 821,000 ... 4.14)7 148.62 1,001,000 Oct’ 6 ... 41.03 148.02 447.000 Oct. 11 ... 4'1.50 148.73 717,000 Oct. 13 ... 41.57 148.70 684,000 Oet 14 ...... ... 41.40 148.09 583,000