STOCKS AND SHARES

Taranaki Daily News, 22 March 1935, Page 14

STOCKS AND SHARES

NEW ZEALAND EXCHANGES. YESTERDAY’S TRANSACTIONS. Transactions on the New Zealand stock exchanges yesterday are reported by the Press Association as follows:— Wellington:—Sales on exchange: Auckland Gas, 27s 8d; Bank of New Zealand (D long term), 32s 6d. Dunedin:—Sales on exchange: New Zealand Refrigerating (con.), 8s sd; Broken Hill Proprietary, £2 9s 6d. Reported sale: Golden Progress, 4d. Christchurch:—Unlisted stocks: Argo Gold, Is 4|d; Barrytown, 23s 3d; Woolworths, Sydney (ord., cum div.), 86s 6d (2). Sales on exchange: Commercial Bank of Australia, 15s lid; Goldsbrough Mort, 27s Id; New Zealand Refrigerating (£1 paid), 18s lOd; Westport Stockton Coal (ord.), Is lid (2); British Tobacco (cum div.), 36s 2d; Dunlop Rubber, 16s 4d (2), 16s 6d, 16s 7d (4); Electro Zinc (ord.), 21s 8d (2); Alexander Mines (15s paid), 17s 6d, 17s 7d (2), 17s 9d (3), 'l7s lOd, 17s lid (3), 17s 9d; Big River, 2s 3Ad, 2s 4d (4); King Solomon, 3s 10 Jd (2); Maori Gully, Is 5Jd (3); Nevis Diesel Electric, 2d; Skippers, 4|d. Sales reported: New Zealand Government 4 per cent, bonds, 1952-55, £lll 2s 6d; New Zealand Breweries (late sale 20th), 51s 6d; Dominion Fertiliser, 225; New Zealand Newspapers, 31s; Maori Gully, Is Waihi, 40s 3d. Auckland:—Sharemarket sales: Stock, 1946, 4 per cent., £lO6 2s 6d; Auckland Harbour Board, 1949, 4J per, cent., £lO6 15s; Bank of New Zealand (D pref.), 32s 6d; New Zealand Insurance, 68s 9d (two lots); South British Insurance, 95s 6d; Wright Stephenson (pref.), 19s 2d, 19s 6d; New Zealand Newspapers, 31s, 31s (two lots); Wilson’s Cement, 345; Waihi, 40s 3d (two lots); Nevis Diesel, 2}d; Skippers, sd. Unofficial list: Renown Collieries, 1954, 6 per cent., £lOl. REVERSE IN GOLD SHARES. AUSTRALIAN EXCHANGES. By Telegraph—Press Assn.—Copyright Rec. 8.35 p.m. Sydney, March 21. On the Stock Exchange the absence of buying support in the investment market was reflected in the continued weakness of all classes of shares. A sharp reverse was noticeable in the gold share market due to forced selling through the clearing up of, financed forward business and the extreme weakness of the Adelaide market, where the disappearance of margins had resulted in heavy liquidation of speculative accounts. Bear operators took advantage of the situation. Sales were: Bank of New South Wales, £3O; Commercial Bank of Sydney, £l6 ss; Colonial Sugar, £4l 15s; Associated News, 21s 7Jd; ditto (pref.), 22s lOJd; British Tobacco, 375; Tooth’s Brcjvery, 48s 3d; Goldsbrough Mort, 27s 3d; Winchcombe Carson, 2.5 s 9d; Henry Jones, 34s 9d; Electrolytic Zinc, 21s 6d; ditto (pref.), 33s Hd; Anthony Hordern, 17s; Goodyear (pref.), 335; General Industries (pref.), 26s 3d; Amalgamated Textiles, 9s; Mount Morgan, 33s 9d; Broken Hill Proprietary, 48s 6d; South Broken Hill, 75s 6d; North Broken Hill, £5 3s; Zinc Corporation, 295; Euratha Gold, 3s 2d; Rawang Tin, 7s 3d. Melbourne sales were: Commercial Bank, 16s 2d;, djtto (pref.), £9 10s; Goldsbrough Mort, 27s 6d; Nestles (pref.), 38s; Mount Lyell, 18s 3d. RESERVE BANK RETURNS. ASSETS AND LIABILITIES. By Telegraph—Press Association.. Wellington, Last Night A Gazette issued to-night contains a statement of the assets and liabilities of the Reserve Bank as at the close of business on March 18. A comparison with March 11 is:—

Proportion of reserve (No. 8 less No. 6) to notes and other demand liabilities, 97.17 per cent, (last week 97.29 per cent).

Liabilities. March 11 £ March 18 £ 1. Capital 500,000 500,000 2. General reserve 1,000,000 1,000,000 3. Bank notes .... 9,184,042 9,288,227 Demand liabilities (a) State 12,325,998 12,151,252 (b) Banks .... 4,648,347 4,736.588 (c) Other 7,480 7,361 7. Other liabilities 50,281 58,747 Totals £27,716,148 £27,742,185 Assets. 8. Reserve — (a) Gold (b) Sterling ex3,001,731 3,001,731 change .... 22,454,688 22,441,465 9. Sub. coin 179,074 178,104 12. Investments ... 2,057,539 2,088,579 14. Other ssets ... 23,117 32,297 Total , £27,716,148 £27,742,185