COMMERCIAL

Poverty Bay Herald, Volume LXIV, Issue 19378, 16 July 1937, Page 9

COMMERCIAL

RESERVE BANK RETURN INCREASE IN EXCHANGE (fur Press Association.) WELLINGTON, last night. The Gazette issued to-night con;ains the following statement of the issets arid liabilities of the Reserve Bank as at the elose of business on fuly 12, compared wilh July 5: — Liabilities July 5 July 12 £ £ General reserve 1,500,000 1,500,000 Bank notes .. 12,696,153 12,024,802 Demand liabilities —

Assets

Total .. £30,030,203 £31,141,761 Proportion of reserve to notes and other demand liabilities, 76.476 per cent (77.632 last week). MARKET STRONG AUSTRALIAN EXCHANGES SYDNEY. July 15. Business in industrial stocks covered a wide range of issues on the Sydney Stock Exchange to-day, and prices moved within narrow limits. ■ The market shows strength generally. It is unofficially stated that the

Queensland National Bank is raising its dividend from 4 to 44 per cent, bringing it into line with the Bank ; of Adelaide, for its latest financial i year ended March. Sales: National Bank, £5 paid, £7 10s (id; Bank of Adelaide, £6 9s; Colonial Sugar, £4B; Mercantile Mutual Insurance, 32s 3d; Associated News, 235; Burns, Philp, i 73s 6d; British Tobacco, 50s; Tooth's. 565; Toohey's 33s 7&d; G. J. Coles, £5 ; lis; Australian Glass, 935; Dunlop- ■ Perdriau, 24s ljd; Goldsbrough Mort, 35s 9d; Farmers', 34s 9d; Anthony Hordern, 19s 4*d; David Jones, 435; Waldas, 17s lOJd; Hume Pipe, 20s 3d; Mangrovite, 19s; Felt and Textiles, 395; Nestles, pref., 34s 6d; Associated Pulp, con., 17s 6d; Mark Foy, 26s 3d; Cash Orders, 21s Od; Mauri Bros., 71s; Kandos, 25s 7Jd; Stedman, 17s; Woolworths, £6 10s, £6 16s; Woolworths, New Zealand, £4 15s, £5 10s; Selfridges, 295; Electro Zinc, 58s 9d; Electro Zinc, pref., 59s 6d; Mt. Morgan, lis 6d; Mt. Morgan, New Zealand delivery,' l'ls 7d, lis 8d; Mt. Lyell, 43s 6d; Mt. Lyeli; New Zealand delivery, 435: North Broken Hill, 75s 6d: Kuala Kampar, 22s 9d; Rawang Tin, 12s 9d; Larut, 19s 3d; Placer Development, 81s; Emperor, 14s sd; Tonkah Harbour, 23s 3d; Tonkah Com- • pound, 27s 6d; Sulphide, 15s IOJd.

; Commonwealth bonds were fairly , quiet on the Melbourne Exchange to- : day. Investments have a good undertone. Coles improved sharply on the . announcement of: a final dividend oi' Is Od and the issue of bonus shares ; of one in ten. Sales: Commercial : Bank of Australia, 13s Od; National , Bank, £5 paid, £7 lis; Howard Smith, 225; British Tobacco, 50s Od; G. J. ■ Coles, £5 lis; Australian Iron Steel, i pref, 27s Od; Australian Glass, 935; ■ Dunlop Perdriau, 24s Id; Goldsbrough 35s 7 Ad: Hume Pipe, 20s 3d; Melbourne Electric Stock, 19s (id: Yarra Falls, 40s: Cox Bros., 19s (id; Electrolytic Zinc. 58s 9d; Electrolytic Zinc, pref., 59s 3d; Mt. Morgan, lis 9d; Mt. Lyell, 42s lOJd: Broken Hill Proprietary, 85s; North' Broken Hill, 75s 3d; South Broken Hill. 48s 0d: Emperor. 14s Od; Loloma, 19s 8d; Sulphide, 16s.

(a) State .. 5,972,84:") 6,450.431 (b) Bank,; .. 9,304,687 9,012,22] (c) Other . . 1,071,343 868,253 )ther liabilities B5.175 96,054 Total £30,630,203 £31,141,761

Reserves — (a) Gold (b) St'ling ex. Subsidiary coin 2,801,791 9,740,703 115,127 2,801,791 20,090,940 115,980 Advances to State (a) Dairy indus try account 4,785,980 4,828,001 (b) Other purposes Investments Other assets .. 200,000 2,900,450 74,140 H00.000 2,900,450 91,99:!