COMMERCE AND FINANCE

Otago Daily Times, Issue 24834, 6 February 1942, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET YESTERDAY’S SALES Dunedin. —Sale reported: Wool worths (N.Z., ord.), 14s 6d. Unlisted; Mackintosh Caley Phoenix, 16s 3d. Auckland. —Sales on 'Change; War Loan, 1/10/53 (2), £B6 17s 6d; Stock, 1946-48, 3 per cent., £100; Bank of New South Wales (Sydney register (2), £26; National Bank of New Zealand, £1 19s 3d; Bank of New Zealand (D Mort), £1 10s; New Zealand Insurance, £3 ss; F.A.C. (B pref.), £1 2s; Dominion Breweries (late sale), £1 8s 3d; Broken Hill Proprietary (2), £1 14s 6d; Colonial Sugar, £45 10s; K.D.V. Boxes, 8s; Mac Duffs (pref.; late sale), £1 Is; Woolworths (Sydney; 2). 15s. Wellington.—Sales on 'Change: MacDuffs, Ltd. (pref.; late Wednesday), £1 Is; Woolworths,. Ltd. (ord.; late Wednesday). 15s; 31 per cent. Stock, 1957-60, £lOl ss; New Zealand Breweries, £1 13s 6d; Woolworths, Ltd. (ord.; 2), 15s; 21 per cent. Stock, 1946, £96 ss. Christchurch.—Sales on ’Change; Wilsons Cement, 18s, 18s Id. Sales reported: Bank of New Zealand, £1 18s 9d; Mosgiel Woollens, £ll ss; National Insurance 19s 6d; New Zealand Breweries (3), £1 13s 6d; Wilsons Cement (2). 18s Id. LOCAL QUOTATIONS Government' 1 Loans.—3J p.c., 1953-57, b. £lOl 10s; 4 p.c., 1943-46, b. £lO2 10s; 4 p.c. Bonds, 1946-49, b. £104; 4 p.c. Stock, 194952 b. £lO5 10s; 3 p.c. Nat. Dey. Loan, 1945, b. £99; 31 p.c. Con. Loan, 1957-60, b. £100; War Loan, 1953, s. £B7; 3 p.c. War Loan, 1951-54, b. £97. Banking, Insurance, and Shipping.— A’asia. (£5), s. £8 12s 6d; N.Z (£1), s. £1 19s; N.Z. (long D, £1). s. £1 10s 6d; Natl.. N.Z. (£2 10s) s. £2 0s 3d; Union (£5). s. £6 10s; National (7s), b. 19s 3d; Standard (£1), b. £2 18s 6d, s. £3 3s 6d; U.S.S. Co. (pref., £1), b. £1 6s 3d. Meat and Agency.—N.Z. Refrig. (10s), s 8s 6d; South. Frozen (ord., £1), b £1 13s 9d; South Otago (£5), b. £5; Dalgety and Co. (£5), s. £6 17s 6d; Natl, Mortgage (£2), b. £1 18s; L. and M. (ord, £100), s. £45; Guarantee Corn (3s). s. 3s; W.S. (ord., £1), b. 18s 9d; W.S. 'pref., £1), s. £1 0s 6d. . „ T . Breweries, Gas, Coal, Oil, and Wool.— ! N.Z. Breweries (£1), b. £1 13s, s. £1 14s; i Dunedin (£1), s. £1; Kaitangata (16s), s. £1 14s; Westport (10s), s. £1 5s 6d; W.-Stockton (ord.. 10s), b. 2s lOd; VV.Stockton (pref., 10s), b. 7s 9d, s. 8s 3d; Moturoa (pref.. ss), s. 4s 6d; Bruce (ord.. £1), s. £1 5s 6d; Bruce (pref., £1), b. £1 0s 3d; Kaiapoi (ord., 17s), b.'l7s 9d; Kaiapoi (pref., 17s). s. £1 Is; Mosgiel (£4), b. £lO 15s; Tlmaru (£1). s. 18s Od. Miscellaneous. —Booth Macd. (pref., £1), b. 4s 9d, s. 5s 6d; Broken Hill Pty. (£1), s. £1 15s; C. Begg and Co. (£l),. b. £l. s. £1 2s; Colonial Sugar (£2O), S. £47; Crystal Ice (£1), b. £2; D.I.C. (ord., 10s), b. 14s 3d; D.I.C. (pref., £1), b. £1 4s; Donaghy’s Rope (£1), s. £2 11s 6d; Dunlop Rubber (£1). s. £1 0s 6d; G. J. Coles (£1), b. £2 13s 6d; Mac Duffs (ord., £1), s. 9s; McLeod Bros. (£10), b. £25 10s, s. £26 10s; Natl. Electric (£1), s. £1 3s; Farmers’ Fertiliser (£1), s. £1 Is; Malay Rubber (brd.. £1), b. 2s; N.Z. Paper Mills (£1), s. £1 15s; Otago Daily Times (£1) b. £1 18s 6d, s. £2 Is 6d; Regent Theatre (£1), s. 18s 9d; Smith and Smith (pref., £1), b. 18s 6d; Wilsons Cement (10s), s. 18s 6d; Woolworths (ord., ss), b. 14s 3d s. 14s 8d; Woolworths (Syd., ss), s. 15s 6d. Mining.—E. Zinc (pref., £1), b. £2 4s 6d, s. £2 7s 6d; Emperor (10s), b. 6s; Mount Lvell (£1), s. £1 6s 3d; Mount Morgan (2s 6d), b. 7s lOd; New Broken Hill (ss), b. 12s 9d; Rawang Tin (10s), b. 2s; Gillespie's Beach (Is), b. 2Jd, s. 3Jd; Waitahu (ss), s. 7d. Unlisted.—Mackintosh Caley Phoenix, b. 16s; A. and T. Burt (pref.), s. £1; Snowhite Laundry, b 7s 6d, s. 15s. ~ RESERVE BANK STERLING FUNDS HIGHER ADVANCES AT LOWER LEVEL (P.A.) WELLINGTON. Feb. 5. The following is a statement of the assets and liabilities of the Reserve Bank as at the close of business on February 2:—

AUCKLAND GAS COMPANY (Special) AUCKLAND. Feb. 5. The net profit of the Auckland Gas Company, Ltd., for 1941 was £23,362, compared with £21,001. This is the result after the provision of £63,548 for the estimated income tax for 1941 and the security taxes, compared with £52,855 Income tax paid in February. 1940, on the previous years earnings and the security taxes. The dividend for the past year, which is maintained at 4 per cent, (final per cent.) requires in all £21,294, leaving £7009 to be carried forward, against £4941 brought in. MINING NEWS ADDISON’S FLAT RETURN (P.A.) WESTPORT, Feb. 5. The Addison’s Flat Sluicing Company’s return for the four weeks ended January 31 was 55 ounces for 70 shifts.

LIABILITIES Jan. 28. Feb. 2. , t i 1. General Reierve Fund 1,800,000 1,900.000 2. Bank notee 3. Demand liabilities— 23,784,133 23,603,247 (a) State #.606.007 9,059,828 f „,Jb) Banks .. ..... .. 14,410,782 18,322,949 (e) Other 221,631 144,023 4. Tima deposits — — 5. Liabllitiea In currencies other than New Zea. land currenciee .. .. 187,422 25,329 8. Other liabilities .. .. 1,181,749 1,161,778 Total .. £80,831,727 ASSETS £50,812,884 7. Reiervee— (a) Gold 2,801.877 2,801,877 (b) Sterling exchange .. 13,787,243 14,801,805 (c) Gold exchange .. 8. Subtidlary coin .. .. 68,222 67,640 V. Discounts— (a) Commercial and agrlcultural bill* .. — — (b) Treasury and local body bill* .. .. — 10. Advances— (a) To State or State undertakings— ' (1) Primary Produce Marketing De> partment .. .. 6,103,992 4,942,752 (2) For other curpoiei .. ... m 22,800.000 22,500.000 (b) To other public au* thorities — (o) Other .. — — II, Inve.tment. .. .. .. 4,103,327 4,135,576 12. Bank buildings ■ — — 13. Other assets 1,313,084 1,563,201 Total .1 £80,881,727 £50,812,854 Proportion o( reserves (No. 7 less No. S) to notes and other demand liabilities 34.133% 36.526% Sterling exchange ii expreiied l« New Zealand currency. ,