COMMERCIAL

New Zealand Herald, Volume 79, Issue 24249, 15 April 1942, Page 3

COMMERCIAL

AUCKLAND EXCHANGE GOVERNMENT STOCKS FIRM There was some improvement on the Auckland Stock Exchange yesterday, more buyers coming in and covering a- wider range of securities. Government issues were exceedingly firm and several parcels were placed at higher values. Insurances had a strong " demand, and for South British, now quoted ex dividend, buyers .moved up to 53s 6d, with sellers asking 55s 3d. .Bank of New Zealands were steady, a market between 37s 3d and o7s 6d. Among local industrials Berleis were again on offer at 70s and a buyer came m at 655.

CLOSING QUOTATIONS

YESTERDAY'S SALES ~ RETURN ON INVESTMENTS In the following list of yesterday's sales, yields allow for exchange and British income tax where necessary, and, in the case of loans, redemption and brokerage. AUCKLAND EXCHANGE Sale Price Rise or Yield - £ 8 d Fall £ s d War Loan, 1/8/51-54,3 99 5 0 +los 3 2 3 Ditto .. 99 7 6 +l2s 6d 3 2 0 Stk., 15/1/53- 1 57, 3% . . 103 2 6 +7s 6d 3 4 0 Rural Bonds, „ „ _ 15/9/47,4 103 0 0 Bank N.Z. (odd lot) . 117 8 -3d 4 0 3 Kaiapoi Wool. 0 18 6 Wilsons C't (2) 0 16 7% -4 l /ad t2 10 0 North. Steam. 0 4 0 +3d 912 « W'wths (N.Z.) 012 9 Wellington.—JStOck, 15/5/49-52', 4, £lO6 15s-, ditto, £IOB 12s 6d; Woolworths ih 12s 9d; Wool worths (Syd,), ISs, Unofficial list: J. J. Niven. 9s 6d; Paparoa Coai, 5s Christchurch Stock, 15/1/53-57. 8 ! 4 £lO3 (3); ditto, 15/5/49-52, 4, £lO6 10s (2); Kaiapoi Woollen, 18s 6d; Pukemiro (ex dh*.}, 17s Gd; Broken Hill Pty., 83s; National Electric. 225; Otago Daily Times, 395. Dunedin Stock, 31/5/54-58. 4, £lO7 15s; Sditto, 15/6/52-55, 4, £107; Gillespie s Beach, 3%d; Bank N.Z., 37s 6d. / ISales after hours on Monday, tßased on interim dividend at rate per annum.

THE RESERVE BANK STERLING £1,358,601 HIGHER (P.A.) WELLINGTON-, Tuesday' The statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on April 6, with variations, is a3 follows: — LIABILITIES (J Variation £ 'General reserve • 1,500,000 " Same Bank notes .. 24,189,298 +5<,080 Demand Liabilities, „ State . . 11,405,010 -2,052,357 Banks .. 17,380,923 +944,304 Other .. 194,180 . —17,459 Other currencies 18,898 -2.268 Other liabilities . 2,608,916 +X,350,999 Total .. 57,297.223 +289,100 ASSETS Reserve — „ Gold .. 2,801,877 Same Sterling ex. .. 19,702,883 +1,358,601 Subsidiary coin • 63,263 -4,862 Advances— Marketing • • 7,687,630 +86,098 Other .. 22,000,000 -1,040,000 Investments .. 4.146,228 " Other assets .. 895,336 -103,963 Total .. 57,297,223 +289,100 Prooortion of reserve to notes and other demand liabilities. 42.291 per cent (38.949 last week) The principal items in this week's return are compared with those at the corresponding date last year in the following table:— OOO's omitted) 1942 1941 Variation £> J} £ Notes •• 24,189 21,721 +2.468 D6 £t r ate S ~~ .. 11.405 8,498 +2,907 Banks .. 17.381 12,690 +4,691 Exchange .. 19,702 19,551 +l4l Ad Mark e e u7g .. 7,687 2,979 +4,708 Other 1. 22,000 15,500 +6,500 Ratio (per cent) 42.291 51.356 -9.065 ONION HARVEST ~" r BIG CANTERBURY CROP (0.C.) CHRISTCHURCH, Tuesday Schoolchildren and their teachers, both men and women, retired civil servants ori superannuation, and soldiers released from camp for 1 brief period have joined the regular 'workers on the Marshland and Mairehau districts in handling this year's onion harvest. The completion of the harvest is now in sight.. The crop is <1 big one this year, and the onions themselves are bigger than most 5C The crop is selling this year about £7 a (on and in the last few days a fair share of the bags coming off the farm have been bought for export to Australia. The export of onions is welcomed this year, bocitiise the bigger onions are not always the best keepers, and those which go to Australia are sold for immediate consumption. Fears that the harvest this year would be upset by a labour shortage were not realised on-most farms, although at the height of the nicking the Marshland School closed for a week, the week to come off the term holidays in May With the children in the fields worked some of their teachers. Lab-ui' was offering, too, through the State Placement Office, and the Placement Officer, Mr. J, R. Brown, said yesterday that all calls for workers had been met, MINING YIELDS Associated Gold Dredges. (West CoftW),™Week ended April 10: ISSw; 89,000'' yarda (including 12%0z from Atarsti dredge from 3000 yards in 27 hours rata reaching bottom). ADULT EDUCATION The Workers' Educational. Assot-in-s tion and Adult Educates classes arc to commence nest Monday, hip curiWiculum for the coming year contains .courses in literature, economies and bsTchdogy in addition to; other subjects To assist those who re unable £ attend the lectures at th*> Symonds. Street centre arrangements are in gand for classes in tho subvebs. -

Buyers Sellers £ -s d , £ s d BANKS, INSURANCE, AGENCY Com. or Australia . 0 13 3 Eng., Scot, and Aus. National of N.Z. . 3 5 0 1 18 6 New South Wales 26 ~0 0 New Zealand 1 17 3 1 17 6 Union of Australia 6 0 0 fi 10 0 National Ins. 0 17 7 0 18 0 N.Z. insurance .. 3 0 6 3 3 0 Sth.-Eritish (exdiv.) 2 13 6 2 15 3 Standard 2 14 0 Dom. Invest. 0 18 0 — COAL, GAS, SHIPPING Pukemiro .. 0 17 0 Renown (ord.) ., 0 2 8 _ Taupiri (ord.) 1 3 3 Ditto (pref.) .. 1 4 0 Auckland Gas .. 0 6 4 0 7 0 Ditto (con.) 0 2 3 0 2 6 Devon port Ferry .. 1 1 6 9 Northern Steam. , 0 3 0 4 6 P. & 0. (def. stk.) 1 9 0 TIMBER, WOOLLENS, BREWERIES National 0 S 0 Taupo Totara (ord.) 0 5 0 _ N Ditto (C pref.) . 0 12 9 „ Bruce 1 1 6 9 —— Felt and Textiles . 1 6 Kaiapoi 0 IS 0 Ditto (con.) 0 6 6 0 7 3 Dom. Brew, (ord.) 1 5 0 1 7 6 N.Z. Breweries 1 11 9 1 12 6 MISCELLANEOUS Aust. Con. Indus. 1 18 6 2 0 0 Berlei (N.Z.) 3 5 0 3 10 0 Broken Hill Pty. . 1 12 0 1 13 6 Bycroft a 2 2 6 Colonial Sugar .. 38 15 0 _ Consolidated Brick 0 6 10 0 7 6 Electrolytic Zinc .. 1 19 0 2 2 0 Farmers' Trading . 0 19 6 Ditto (A pref.) . 1 2 9 Fletcher Hold, (pf.) 1 0 0 £_ Gear Meat . 0 15 0 0 16 0 G. J. Coles .. 2 2 0 2 5 0 McKenzies . 1 17 6 Macky, Logan 1 3 0 1 ~4 6 N.Z. Drug (ex div.) 3 8 6 _ N.Z. Fert. (C pref.) 1 2 0 — N.Z. Newspapers . 1 10 0 1 11 6 Reid Rubber 1 1 9 1 3 0 Sanford (ord.) 0 3 0 0 3 9 Selfridges (A'sia) . 0 15 0 0 17 6 Taranaki Oil Fields 0 3 9 0 4 2 Wilsons Cement .. 0 16 6 0 17 0 Woolworths (N.Z.) 0 12 5 0 12 9 Ditto (Syd.) .. 0 12 9 — I ' MINING Arahnra .. 1 6 9 1 8 6 Barry-town 0 8 6 — Martha 0 7 9 -—, Mount Lyell 1 2 6 — 6 South Broken (Hill 0 19 9 1 3 N.Z. GOVT. LOANS Rural Bonds, 15/9/47. 4 102 5 0 — War Loan, 1/10/53 88 17 6 89 10 0 Do., 1/8/46, 2% 96 15 0 97 0 0 Do., 1/8/51-54, 3 99 0 0 — Stock— 15/2/43-46, 4 . . 300 5 0 100 15 0 15/4/46-49, 4 .. 104 10 0 105 0 0 DEBENTURES A.H.B., 10/6/59 — 108 0 0 City of Auckland, 1/1/44-67 101 15 0 104 0 0 Ak. Gas, 20/12/49, 5 102 0 0 —— k Do. (per. deb. stk.) 81 0 0 85 0 0