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INVESTMENTS FIRM

MORE LOCALISED DEMAND The share list was not widely quoted on the Dunedin Slock Exchange this morning, but all those investments which received the attention of brokers continued firm. Oovernment loans were at late rales, apart from War Doan, (.he bid for which again appreciated slightly. Buyers were interested in New Zealand Refrigerating issues at low rates, but sellers’ offers were unchanged. Kaitang'.vta Coals were slightly firmer. Woollen companies were largely neglected, in spite of a slightly stronger bid for the ordinary issue of Kaiapoi. Broken Hill rights moved close to a sale at 17s 4d (buy) and 17s 6d (sell). A bid for Dominion Rubbers reached 15s. SALES REPORTED. —This Morning.— ‘ Otago Daily Times,’ £1 17s 6d. —TesJerday.— 31 per cent. Stock, 1955-57, £IOO 7s 6d. Bank of New Zealand, £2 Is 9d. Broken Hill rights (on ’Change), 17s 6d. NETHERLANDS BONDS REDEMPTION AND INTEREST PAYMENTS DEFERRED IN MEANTIME [Per United Press Association.] WELLINGTON, March 12. The Netherlands Consulate announces' that a Royal decree issued last August defers the redemption of and payment of interest on Netherlands Government Bonds (not including the Netherlands Indian Government Debt) until the Netherlands Government has acquired a clearer insight into the amount outstanding in Allied and neutral countries. The reason for this action is to prevent the enemy benefiting, directly or indirectly, from anv payment. It is necessary for holders of these bonds in New Zealand to have them and the relative interest coupons registered at the Netherlands Consulate in Wellington. RABBITSKINS HIGH VALUES REALISED Tbs Dunedin Stock Agents and Woolbrokers’ Association reports as follows; ' A large offering of approximately 36 tons of rabbitskins was submitted yesterday. There was .a good attendance of buyers on the benches, and from the opening to the close of the auction keen competition was forthcoming for all descriptions, brokers making good clearances. It was expected that an exceptionally good market would be met with, as at present exporters are holdin*7 good orders on United States ’account. This was fully realised, and values showed a marked appreciation, the rise being from 8d to 14d per lb. The official range of prices is as follows:—Small, 36|d to 41]d per lb; runners, 44]d to 48d; light racks, 52d to 55d; prime racks, 51 Id to 55d; summers, 43d to 45id; dawny autumns, 54d to 56d; first early autumns, 56d to 59d; winter bucks, spotted, 90d to 94id; winter does, spotted, to 72] d; outgoing winter bucks, 68d to 87-id; outgoing winter does, 54d to 58 Id: spring bucks, 52d to 63d; spring does, 44d. to 46d; first' milky, 4?id to 47]d; milky, 43d to 44Jd; summer broken, 43]d to 46]d; fawns, 40d to 51d; summer black, 41d to 44]d; hareskins, 30d to Slid; horsehair, 29d to 34]d; second ferrets, 2s 9d to 3s lid; third ferrets, 4d to Is Id. BROKEN HILL RIGHTS [Per United Press Association.] WELLINGTON, March 11. The Stock Exchange Association states that it is a matter of urgency for holders of Broken Hill Proprietary shares to take prompt action if they desire not to lose the opportunity to make use of the rights to the new issue. It is pointed out that there are formalities to be complied with in New Zealand before the documents can be forwarded to Melbourne, where they are due on. March 31.

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https://paperspast.natlib.govt.nz/newspapers/ESD19410312.2.30

Bibliographic details

Evening Star, Issue 23832, 12 March 1941, Page 5

Word Count
553

INVESTMENTS FIRM Evening Star, Issue 23832, 12 March 1941, Page 5

INVESTMENTS FIRM Evening Star, Issue 23832, 12 March 1941, Page 5