STOCKS AND SHARES

New Zealand Herald, Volume LXXVIII, Issue 23997, 21 June 1941, Page 7

STOCKS AND SHARES

THE AUCKLAND EXCHANGE NARROW PRICE MOVEMENTS The investment market was a shade quieter at the close of the week on Ihe Auckland Stock Exchange, yesterday. Nevertheless, a substantial volume of business was maintained over a wide range of stocks with only minor price movements in most instances. British Tobacco, which changed hands for the first time in a month, during which they became ex dividend, were much easier at 44s Gd, compared with 47s in May. CLOSING QUOTATIONS

BANK OF ENGLAND RETURN

NOTE ISSUE STILL RISING LONDON, June 19 The nolo circulation of (he Bank of England increased £300,000 this week to another new high level at £037,500,000. Details of the bank's return are: — ISSUE DEPARTMENT Liabilities. Notes in circulation, £037,500,000 (last week, £037,200,000); in hanking department, £42,700,000; total, .L'own,'joo.ooo. Assets. —Government debt, £11,000,000; other Government securities, £000.000,000; other securities, £2,100,000; silver coin, nil; fiduciary issue. £6SO,000,000; gold coin and bullion, £200,000. BANKING DEPARTMENT Liabilities.—Capital, £l-1,500,000; rest, £3.200,000; public deyosits, £9,800,000; bankers' deposits. £122,400.000; other deposits, £51,700,000; total,- £201,000,000. Assets. Govt, securities, £132,700,000; advances., etc., £5,100.000; other securities, £19.300,000; notes, £12,700,000; sold and silver coin, £1.800,000; total. £201,000.000. Proportion of reserve to liabilities, *2-1.21 per cent (last week, 25.75 per cent); discount rate, 2 per cent, unchanged.

FOREIGN EXCHANGE

Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres yesterday were supplied by the Bank of New South Wales as follows: —

QUOTATIONS IN LONDON LONDON, Juno 19 Foreign exchange rates are:—Now York (dollar), 4.03; Montreal (dollar), 4.15; Switzerland (fr.), 17.35; India (rupee), Is 5 31-32 d; Hongkong (dollar), 15d; Kobo (yen), 14',-id; Shanghai (dollar), 3 11-32 d; Argentine (pesos), 17.043; Stockholm (kr.), 10.90.

SHAREMARKET INDICES London

COLONIAL MUTUAL LIFE The heavy support given by the Colonial Mutual l,!te Assurance Society, Limited, daring lull) to war loans in Great Britain, Australia, Now Zealand, South Africa and Rhodesia was referred to by the chairman nt the annual meeting in Melbourne. New business reached the vbry satisfactory figure of £10,538,844. Premium income from the three departments, ordinary, industrial and accident, totalled .£3,908,399, an, increase of £'02,892. The total income for tho year exceeded £5.000,000, n record for the soeietly. The society's total funds increased by over £2,000,000 to £27,421,232. Over 54 per cent of its funtls is invested in Government and similar securities. The rate of interest earned on all funds was £1 8s Id per cent. The total surplus amounted to t' 1,030.157. This is also a record for the society. A la rye tierccnlage of litis will he retained as a provision again* I the uncertainties of the future, Ihe balance being sufficient to provide bouuse.s lor 19 10 at least equal to those declared for the preceding year, Contingency reserve funds were again heavily increased and total £1,424,000. which if not absorbed in meeting war claims will eventually be available to provide increased bonuses. Since its inception the society has paid t6 policy-holders over £32,500.000.

Buyers Sellers £ s d £ s d BANKS, INSURANCE, AGENCY Bank Australasia 8 5 0 8 10 0 Com. Bank Aust. . 0 i a !) 0 14 0 I>itlo (pref.) 8 17 0 Nat. Bank N.Z. 1 12 0 Nat. Bk. A'asia (ron.) f, 17 0 Bank X.S.W. 27 0 0 Bank X.Z. 15 11 1 Hi 0 Ditto (D Mort.) 7 9 Union Bank 10 0 0 12 0 National Insre. 18 ■1 0 18 8 X.Z. Insuranco . > 3 0 3 1 South British o 12 3 o 12 7 Standard Jnsco. 3 0 3 3 1 G Dom. I. and B. .. 0 17 8 F.A.C. (£5 paid) . 3 18 0 Ditto (£2 paid) 1 0 0 1 •2 0 Goldsbrougli-Mort . 1 1 0 N.Z. Guarantee . 0 •2 1 0 2 0 COAL, CAS, SHIPPING Grey Valley 0 a 0 8 0 Taupiri (ord.) .1 1 0 1 '2 it I>: I (o (prof.) J ;i (i Westpl.-Stfn. ford.) 0 2 4 0 '2 K Auckland Gas 11 r, (; (I 9 Ditto (cod.) . . 0 ■j 0 0 ;> 0 Hud.-Barker (ord.) .— 5 9 Northern Steam 0 3 •j 0 3 10 J', and O. (def.) . 1 r> 0 _ Union Steam — 1 7 r, TIMBER, WOOLLENS, BREWERIES National Timber . 0 0 3 0 (i 9 Kaiapoi (ron.) 0 4 9 0 5 3 Tiruaru Woollen . — 0 15 (! Wellington — 0 17 0 Ditto (pref.) . . 6 15 0 — Yarra Falls 2 o 0 — Carlton Breweries 3 0 0 — Dom. Brew, (ord.) 1 7 0 1 8 (i Ditto (pref.) . . 1 8 3 — N'.Z. Breweries . . 1 11 0 1 11 0 MISCELLANEOUS A.C.I 2 4 0 Ditto (con.) 1 10 0 — Aust. Jron (pf.) . 1 0 0 — Aust. Paper Manuf. British Tobacco . . — 1 0 0 2 3 9 '2 5 r, Broken Hill Pty. . o 2 0 2 o 0 Ditto (new) — 2 1 9 Colonial Sugar 52 5 0 — Con. Brick 0 0 2 0 0 4 Farmers' Trading . 0 IS 10 — Ditto (B pref.) 1 0 9 — G. J. Coles 3 1 0 3 0 0 McKenzies 2 0 0 — Morts Dock O 19 0 0 19 n X.Z. Drug 3 10 0 3 17 0 N.Z. Fertilizer .. 0 18 0 0 19 3 Ditto (pref.) .. 1 1 9 1 2 9 N.Z. Refrig. (pd.) — 0 18 0 Ditto (con.) 0 7 0 0 7 0 Peters lee (X.Z.) 0 11 0 0 13 0 Reid Rubber 1 4 3 1 5 0 Ditto (rights) . 0 2 11 0 3 1 San ford (ord.) . . 0 a 7 0 4 0 Taranaki Oil Develop . o i 9 0 o 1 Tarannki Oil Fields 0 4 9 0 . r > 0 Union Oil 1 5 a — Wilsons Cement . . 0 18 0 0 18 8 Wool worths (X.Z.) 0 12 10 0 13 1 Ditto (Syri.) 0 15 10 0 10 1 MINING Martha 0 7 0 0 8 0 Waihi Invests. 0 4 0 n 1 9 Emperor 0 11 0 0 1 1 8 Mount Lyell 1 0 0 1 0 0 Mt. Morgan (ord.) 0 ;t () 0 9 2 N.Z. GOVT. LOANS Bonds— 15/1/53-57. 3V„ . 101 10 0 — 15/4/40-49, 4 .. 103 0 0 — 15/0/52-55, 4 . . 105 0 0 — Rural— 15/9/17, 4 103 0 0 — War Loan. 1/10/53 83 10 0 84 0 0 Stock— 15/1/53-57, 3% . 101 10 0 — 15/2/13-40. 4 .. — 103 0 o 1 5/1 /40-49, 4 .. 103 10 0 103 15 0 15/5'19-52, 4 .. mi 10 0 105 0 0 15/0/52-55, 4 .. 105 0 0 105 5 0 31/5/54-58, 4 . . 100 5 0 — S.A.C.— 1/0/44, UV 4 OS 0 0 — Loan, 22/5/00, 3 1 /, — 101 0 0 COMMONWEALTH OF AUSTRALIA Bonds— 15/10/44, 4 — 10(i 5 0

June 20 T.T. T.T. Buying Selling New York, do!, to £ .. 3.2512 3.2050 Montreal, riol. to £ .. a'norw 3.5240 Java, ft. to £ . . .. 0.1 S7 6.004 Manila, pesos to £ .. (i.550 0.142 Hongkong, ponce to riol. 18% 1!) 1-32 India, pence to rupee . 22 5-32 22 23-32 Ceylon, pence to rupee . 22 5-32 22 23-32 Shanghai, pence to dol. — 4 55-04 Singapore, pence to dol ;!1 41.-04 35 30-04 S. Af., £X.Z. £S.A. 1(10 123 125/5/London, £N.Z £st. 100 124/7/8 125 Australia, £A. £X 7. TOO 100/10/100 Fiji. IF £X.Z 100 00 88/12/0

Financial Times (1920 equals 100): — r.ovL Homo Indus- Gold securities rails trials mines 1910 (Inch) 111.7 5S.'_> 101.0 200.-1 19-10 (low) .. 104.S 31.9 (11.1 138.8 Juno 17 1 13.3 4 ."i,8 87.5 172.0 Juno 18 113.1 40.5 87.7 17:1.3 Juno 19 113.4 40.7 87.0 172.1 New York Dow Jours (1020 equals 100):— 20 Hails 30 Indust . Shares sold 10-10 (liiffh) 32.07 152.80 10-10 (low) . 22.15 111.8-1 — Juno 17 . 2s. 19 123.12 400.000 «i tUH' IS 2S.29 123.59 5 ; i.OOO ,1 mil' 1!) 28.07 123.50 400.000