STOCKS AND SHARES

New Zealand Herald, Volume LXXVIII, Issue 23861, 11 January 1941, Page 5

STOCKS AND SHARES

THE AUCKLAND EXCHANGE FEW PRICE MOVEMENTS Activity on the Auckland Stock Exchange yesterday centred mainly in Bank of New Zealand shares, three parcels of which changed hands at current rates without satisfying the demand. In other sections of the market a good inquiry was sustained hut sellers were not inclined to make terms in spite of firmer offers in several cases. CLOSING QUOTATIONS

UNION BANK DIVIDEND NO CHANGE IN RATE The Union Bank of Australia, Limited, has declared a final dividend for the year ended August, 31. of 4 per cent, making 7 per cent for the year, an unchanged rate. Ihe dividend is paid 'in the equivalent of British currency and is less British income tax. BANK OF ENGLAND RETURN NOTE CIRCULATION DECLINES LONDON, Jan. 9 After having reached a record level of .€(iJ6.900,000 prior to Christians, the, noie circulation of the Bank of Kngland has declined by X'G.500,000 in successive weeks. In die. latest return, the note circulation is clown bv £5,-100,000 compared with last week and stands at £610,400.000. There nas also been a substantial fall in deposits, both public and banks' amounts declining, t ho total of £'202,-too,ooo comparing with £269,300,000 a week ago. TJia proportion (reserve to outside liabilities in the banking department) has risen to 10.10 per cent, against 6.07 per cent last week and 7.1t per cent in the previous week. The discount rate remains at, 2 per cent. STOCKS FIRM IN LONDON Gilt-edged securities continue to show strength on the London market, and further gains are shown, this week. Current levels for KVi per cent War Loan are 7s (id higher than the peak level in "1910 of £1.03. New Zealand stocks have also participated in the pains. Quotations in London for British and Dominion stocks compared with recent levels are: — Dec. '27 Jan. 2 Jan. 9 Consols. 2's P-c. .. £7OVa £77 A' 77*'» Funding, 60/90, 4 . 3 13! a 3.13, 0 31 1 War Loan, 3!i .. 303 303'1 103% British 3'-i Conver. . 303! i 303% 30-1 Victory Bonds .. 312 312' i 3 12% New Zealand-J9IS-58, -l'/a .. 3.013 a HU'i 10-Vj 19.15, 3 .. OS!-j US'/4 FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres yesterday were supplied by the Bank of Now South Wales as follows: January 30 Buying Selling T.T. T.T. N'ew York, dol to C .. 3.2843 3.2Uf>o Montreal, dol. to £ .. 3.6039 3.5290 Java. fl. to £ .. .. 0.187 0.00-1 Manila, pesos to £ . . 6.530 0.-142 Hongkong, pence to dol. 18% 19 1-32 India, pence to rupee .. 22 5-32 22 49-01 Ceylon, pence to rupee . 22 5-32 22 -10-61 Shanghai, pence to dol. -- 5 3-10 Singapore, pence to dol. 34 11-04 35 ! 1.-01 S. Af., X'N.Z. £'55.A. 100 323 325 London, ,I'X.Z. ,I'stg. too 124/7/0 325 Australia, ,t*A. £K.Z. 100 100/10/- .100 Fiji, £F. I'S.Z. 100 .. 90 BS/.L2/G QUOTATIONS IN LONDON LONDON, Jan. 9 Foreign exchange rates are:—New York (dollar), -1.03; Montreal (dollar), 4.15; Switzerland (fr.). 17.35; India (rupee), 3s 3d; Hongkong (dollar), 35d; Kobe (yen), 11',d; Shanghai (dollar), 3 9-10 d; Argentine (pesos), 17.015; Stockholm (kr.), 16.90. SHAREMARKET INDICES

London Financial Times (1926 equals 100): — Govt. Home Indus- Gold securities rails trials mines January 7 .. IVJ.I 87.S 380.4 January 8 .. it•_».:s <J!}.'.! K7.J) 3812.0 January ti... 11 44.1 Hi.!) 181.5 New York Dow Jones' (1926 equals 100): — 20 Hail- :.'»0 Shares roads Industrials sold January 7 .. UH.JM) ia«.o2 5K0.000 January 8 .. ys.7B 133.02 BtO.OOU January !> . . 2!M»5 1113.39 8(>0,000 Highest, and lowest, in 1039: —Rails, 35.00 —24.15; industrials, 151.22 —121.4.

SUEZ CANAL PAYMENTS CAIRO, Jan, 9 An order authorises tho Suez Canal Comj pany fo pay bondliolciers and also the interest on 'shares in francs at the rate of :t.8075 piastres to the franc, instead of in sold. MINING SHARES IN LONDON LONDON, Jan. 10 Mount Lyell shares are quoted at 21s 10' ; d, compared with 21s (3d on Wednesday. Clntha Dredging, buyers Od, sellers Is; Molyneux,, buyers, 2d,, a oilers 44,.

Buyers Sellers l" C. ,1 J- t ,1 BANKS, INSURANCE, AGENCY Com. Bank Aust. 0 I t G 0 15 3 Ditto (pref.) . . 8 17 () — E. S- and A. Bank 4 -2 0 — National of N.Z. 1 17 u 1 1!) 0 Nat. of A'asia <pU.) li! o o New South Wales 29 0 o — Bk. New Zealand - I <» 2 1 3 Ditto (I) Mort.) .1 7 0 — Union Bank . . 0 17 o —- National Ins. . . 0 18 4 — New Zealand Ins. 3 1 9 — Queensland .. - 1~ 0 ■— South British . . 1) O — Standard Ins. . . *2. 18 <'S — Newton Kinjr (pf.) o 8 .](> 0 9 3 N.A. Far. CB pf.) 0 4 0 0 7 0 COAL, CAS AND SHIPPING Grey Valley Coat o 5 o 0 S 0 Renown (ord.) . . on o Taupiri (ord.) . . 1 0 9 "J - 3 West.-Stock, (ord.) o -J o ■"> o Ditto (pref.) .. 0 5 .'5 o o <5 Auckland Gas . . 0 7 3 0 8 O Ditto (con.) . . o '2 7 o 3 1 Devonporji Ferry .. l 1 <> TIMBER, WOOLLEN, BREWERIES National Timber . 0 5 0 0 7 3 Mosgiet Wool . . 10 0 o 10 15 0 Dominion Brew. . . .!. U — Ditto (pref j . . 11)0 — Junes (ord.) . . 0 10 0 — New Zealand Brew. l 12 9 1 13 0 MISCELLANEOUS Aunt. Alloy Steel o 0 9 0 8 0 A.C.I. . .. l J!) 0 - 0 u Ditto (roll.) • . !1 4 0 Booth-Mac. (pref.) <) -1 9 O 5 1 Broken Hill i'ty. 2 <> 0 2 7 3 B.vcroft . . . . 2 3 o 2 3 0 Colonial Sugar .. 51 10 0 5'2 lit 0 Consol. Brick . . 0 0 0 0 7 0 Dunlop-I'erdriau . . 1 o 0 1 0 9 Electro. Zinc .. 2,12 0 Farmers' Trading o .19 o " 19 3 G. J. Coles . . 3 5 (> 3 1) 0 Hill and Pluminer 10 0 13 0 At. & C. (deb. stk.) 0 15 3 M.K. Manufacturers 0 3 7 0 7 0 N.Z. Newspapers . 1 12 0 1 13 0 Peters Ice .. 0 13 0 0 15 0 Radio (1930) . . — 0 15 0 Beid N.Z. Rubber 12 0 13 0 Selfridges (A'asia) 0 IS 9 0 19 9 Wilsons Cement . . o 18 7 0 18 11 Woolwortbs (N.Z.) 0 14 0 0 14 i Ditto fSyd.) ■ ■ 0 17 o o 17 <> Ditto (W. Aust.) 3 4 0 3 9 0 MINING Clutba .. -. O 1 3 0 = 3 Martha . • ■ • 0 0 10 0 . 10 Wailsi Invests. ■ ■ — ° 4 6 Broken Hill South 1 5 0 1 0 3 Emperor . . . • 0 110 o 12 o Mount Lyell 17 9 1 8 0 Alt. Morgan (ord.) 0 10 0 o 11 G Wellington Alluvials 0 4 5 0 4 0 N.Z. GOVT. LOANS Bonds — 15/7/39-41, 3 .. 99 1,0 — 15/1/53-57, 3;.'i . 19.1 10 0 — 15/2/43-4D, 4 .. 103 10 0 — 15;.1/40-49, 4 . . 303 111 0 — War Loan, 1/10/53 89 15 o 81 10 0 Ditto tf. paid) 80 15 0 — Stock — 15/7/39-41, 3 . . 99 17 6 — 15'1/53-57, 3',i . — 102 5 0 15/3/40-43, 4 .. 101. 7 0 •— 15'•■2/43-40, 4 .. 103 12 0 103 !■> 0 15/4/40-49, 4 .. — 304 10 0 15 '5/1') - 5 *' 4 . — 105 0 0 •! .. 104 15 0 105 10 0 15/9/4 1 -13, 3! a . 101 10 0 — Britisli War Loan, n n 1952. 3/i .. — 12, 0 0 DEBENTURES \ E.P.B., 15/0/59 106 O 0 — A.H.B., 9/7/53 .. 301 15 0 — Ditto, 9/7/5t ■ ■ 104 15 O — City of Ak„ 1 03 107 0 0 — Gisb. Bor., 30/9/01 — 108 10 0 Waitemata County, 31/3/44 . . 100 0 0 103 0 0 Auck. Gas (perp.) 98 5 0 100 O 0 Booth - Macdonald, 1/0/47. 5 . . 08 0 0 Si) 0 0 i