COMMERCE AND FINANCE

Otago Daily Times, Issue 24969, 16 July 1942, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET YESTERDAY'S SALES Dunedin. —Sales reported: Bank of New Zealand, 38s; Dunedin Brewery, 19s; Wilsons Cement (2), 16s 9d; Kaiapoi Woollen (pref.). 20s 9cl; National Bank of Australasia (£lO paid). £ll. Auckland.—Sales on 'Change: Bruce Woollen, £ I 4s; War Loan. 1951-54 (21. £99 ss: Stock, 1946-49. £lO3 7s 6d; National Bank of Australasia. £11: Bank of New Zealand (2), £1 18s: Berlei (N.Z.I. £3 7s 6d: Consolidated Brick. 7s 4d; Wilsons Cement, 16s 9d.

Wellington.—Sales on 'Change: 3 per cent. Stock, 1951-54 (late yesterday). £99 ss; 2J per cent. Stock. 1946, £93 ss: 3 per cent. Stock. 1955, £9B 2> 6d: 4 per cent. Stock, 1949, £lO3 2s 6d; Bank of New Zealand (4). £1 18s. Christchurch.—Sales on ’Change: 4 per cent. Inscr., 1943-46 ( 2). £lOl 15s; Kaiapoi Woollens (preC.l, £1 Os 6cl; Woolworths (N.Z.). 14s 2d. Sales reported: Kaiapoi Woollens (17s paid), £1; Berlei (N.Z.). £3 7s 6cl. LOCAL QUOTATIONS

Government Loans.—3J per cent. Bonds and Stock. 1953-57, b. £lul; 4 per cent. Stock, 1943-46, b. £lOl ss; 4 per cent. Bonds and Stock, 1946-49, b. £103: i per cent. Stock. 1949-52, b. £lO4 ss; ‘j per cent. Bonds and Stock, 1952-55, b. £lO5 ss; War Loan. 1953, b. £9O, s. £9O 15s. Banking, Insurance, and Shipping.—New South Wales (£20,1, b. £2B; New Zealand (£1). s. £1 18s 3d; New Zealand (Long D, £1). b. £1 9s 3d; National of New Zealand (£2 10s), b. £1 17s; National of Australasia (£10), s. £ll os; National (7s). b. 18s Od; New Zealand (£1). s. £3 10s; Standard (£1), b. £3; U.S.S. Co. (pref., £1). b. £1 6s 3d. Meat and Agency.—N.Z. Refrigerating (£1), b. £1 0s 6d; N.Z. Refrigerating (10s), b. 9s 3d; Southland Frozen (ord., £1), b. £1 14s; South Otago (£5), b £5 2s 6d; Waitaki Farmers (£5), b. £4 17s 6d; Guarantee Corporation (3s), s 3s; Perpetual Trustees (18s), s. £2 10s; Trustees Executors (£3). b. £4 2s; Wright, Stephenson (ord., £1), b. IDs; Wright. Stephenson (pref., £1), b. £l. Breweries, Gas, Coal, Oil, and Wool.— N.Z# Breweries (£1), b. £1 9s 9d; Kaitangata (16s), b. £1 11s: Westport (10s), b. £1 3s 9d; Westport-Stockton (ord., 10s), b. 3s; Westport-Stockton (pref,. 10s) b. 8s; Moturoa (pref.. ss), b. 3s, s. 4s; Taranaki Oil (£1 4s 7d). s. 6s 3d; Taranaki Develop., s. 4s; Bruce (ord., £1), b. £1 3s 9d; Kaiapoi (cont.. 7s), b. 7 Oamaru (£1), b, £1 2s 6d. Miscellaneous.—Booth Macdonald (pref., £1), b. 4s 8d; British Tobacco (£1), b £1 16s; Colonial Sugar (£2O). b. £47; Crystal Ice (£1), b. £2; D.I.C. (pref.. £1), b. £1 4s 3d; Donagby's Rope (£1), s £2 9s 6d- Mac Duffs (ord., £1). s. 7s: Milburn Lime (£1). s. £1 16s 9d: National Electric (£1), b. £1 ,2s 6d; N.Z. Drue Co. (£2), b. £3 13s; N.Z. Paper Mills (£1). b. £1 12s 6d: Smith and Smith (pref., £1). b. £1; Whitccmbe and Tombs (£2 10s), b. £3 14s 6d; Wilsons Cement (10s), b. 16s 7d: Woolworths (ord., ss). b. 14s; Woolworths (Sydney, ss), s. 15s 6d, Mining.—Broken Hill South (ss). b. £1 0s Cd; Electrolytic Zinc (ord., £1), b £2 Is: Electrolytic Zinc (pref.. £1). b. £2 2s 6d: Emperor (10s), b. 7s 6d: Mount Lyell (£ll. b. £1 3s. s. £1 4s fid; Mount Morgan (2s 6d), b. 7s 6d: North Broken Hill (ss), b. £1 15s 6d: Rawang Tin (10s). b. 3s 6d; Blackwater (£ll. b. 14s; Clutha River (2s), s. Is 4d; Gillespie's Beach (Is), s. 3d. RESERVE BANK SLIGHT DROP IN STERLING FUNDS (PA.) WELLINGTON, July 15. The following is a statement of the assets and liabilities of the Reserve Bank of New Zealand at the close of business on July 6 (figures for the previous week In parentheses):— „ . Liabilities.—General reserve lund, £1,500,000 (£1,500,000); bank notes, £25,489.643 (£25.528,846); demand' liabilities —(a) State £18,681,627 (£17,544,332), (b) banks £17,434,563 (£16,710,266), (c) other £1,179,345 (£4,699,060); liabilities in currencies other than New Zealand currency, £14,216 (£13,774); other liabilities, (£67,134,798). Assets.—Reserve—(a) gold £2,801.87 1 (£2,801,877), (b) sterling exchange £23,271,738 (£24.722,575); subsidiary coin, £35,077 (£36,415): advances—(a) to the State or State undertakings (1) Marketing Department £11,838,176 (£11,959.516), (2) for other purposes £22,300,000 (£22,300,000); investments, £4,146,407 (£4,147,350); other assets, £1,088,749 (£1,167,063); — total, £65.482,026 (£67,134,798). Proportion of reserves to notes and other demand liabilities, 41.463 per cent. (42.664 per cent.). Sterling exchange is expressed in New Zealand currency.