MONEY AND MARKETS

Southland Times, Issue 23650, 27 October 1938, Page 3

MONEY AND MARKETS

FROZEN MEAT SECTION LIFELESS ON INVERCARGILL EXCHANGE The market for Government loans continued very quiet on the Invercargill Stock Exchange yesterday. There were more sellers than buyers in the banking section. Insurances were neglected. No life was shown in the frozen meat section. Fair support came for Australian industrials, but New Zealand issues were depressed. The market for metal companies’ shares was unthanged. Sales of Australian Foundation Trust at 5/-, and Commercial Banks at 16/10, were reported.

Quotations were as follows:—

GOVERNMENT DEBENTURES Buyers Sellers £sd £ s d Stock, 4 p.c., 1946 100 0 0 Bonds, 4 p.c., 1946 100 0 0 Stock, 4 p.c., 1949 100 0 0 Bonds, 4 p.c., 1949 100 0 0 Stock, 4 p.c., 1955. 100 0 0 Bonds, 4 p.c., 1955 100 0 0 BANKS Commercial 0 16 11 Commercial, pref. 4 p.c. (cum.) 9 10 0 National of New Zealand 213 0 New South Wales 31 15 0 New Zealand —2 16 New Zealand, long “D” issue 19 6 Union of Australia — 815 0 BREWERIES N.Z. Breweries 2 10 Tooth’s Brewery 2 14 0 - Carlton 3 5 0 COAL Westport Coal 14 0 Westport Stockton (pref.) 0 6 3 INSURANCE National 0 16 7 LOAN AND-AGENCY Goldsbrough, Mort and Co. 1 10 0 Trustees’ Executors

(Dunedin) 4 0 0 Wright, Stephenson (pref.) 10 3 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 18 3 (10/- paid) 0 8 4 Southland Frozen Meat • 1 10 3 South Otago Freezing Co. 5 3 0 SHIPPING Union Steam Ship (pref.) 15 9 P. and O. Stock 15 6 WOOLLEN MILLS Bruce (pref.) 10 0 Mosgiel — 916 0 MISCELLANEOUS Broken Hill Pty. 2 18 3 G. J. Coles 4 0 0 DJ.C. (pref.) 13 0 Dominion Fertilizer 14 0 Donaghy’s Rope and Twine 2 4 0 Dunlop Rubber (Aust.) 10 0 Milbum Lime and Cement 1 16 0 1.C.1. (pref.) 12 5 12 9 N.Z. Drug 3 9 6 Otago Daily Times 2 3 0 Permanent Building Society 5 17 6 Wilson’s (N.Z.) Cement * ■ OTO' 0 018 0 Woolworths (N.Z.) — 10 0 Woolworths, Ltd. 113 MINING Broken Hill South 112 0 Big River Oil Electrolytic Zinc (ord.) 2 4 6 2 5 6 Gillespie’s Beach Oil Goldfields Dredging 0 0 3J Mount Lyell 110 0 111 0 Mount Morgans 010 10 011 3 Nokomai 0 19 Waitahu 0 0 9 0 1 0 North Broken Hill 211 0 AUCKLAND

WELLINGTON

CHRISTCHURCH

DUNEDIN

ney Stock Exchange, the only outstanding feature of today’s trading being the sale of large parcels of Government loans. Sales: .

MELBOURNE

Commonwealth loans were busy, with prices a trifle easier. Leading industrials were quietly firmer and barriers were steady and moderately active. Sales:

LONDON STOCK EXCHANGE LONDON, October 25. Quotations on the Stock Exchange are as follows:

£ d Stock 1953-57 3’ip.c. 93 12 6 do. 1943-46 4p.c. (2) 99 7 6 do. 1938-52 3>/ 2 p.c. 100 0 0 National Bank of N.Z. 2 10 Hi Bank of N.Z. 2 1 2 do. (2) 2 1 3 Westport Coal 1 3 0 N.Z. Breweries' 2 0 6 Broken Hill Propty. (3) 2 17 9 Bums Philp 2 13 0 Claude Neon (N.Z.) 1 2 6 Colonial Sugar 48 12 6 G. J. Coles (2) 3 19 0 Imperial Chemicals (pref.) 1 2 7 Reed Rubber (N.Z.) 1 2 3 Wilson’s Cement 16 9 Woolworths (N.Z.) 19 4>i do. 19 3 Woolworths (Syd.) (1st pref.) 2 2 3 do. (2nd pref.) 1 9 3 do. (ord.) (2) 1 0 10 Woolworths (Victoria) (pref.) 1 9 0 W. R. Carpenter (rights) • 17 6 Mount Morgan (pref.) 1 1 7

£ * d Bank of Adelaide (Tues.) 6 5 6 National Bank of Australasia (£10 paid) (Tues.) 14 9 0 Bank of N.Z. (Tues.) (3) 2 1 3 Tooheys Ltd. (Tues.) 1 10 9 Olympic Tyre and Rubber (Tues.) 2 3 Hi Hume Pipe (Tues.) 19 10 Woolworths (N.Z.) (Tues.) 19 3 I.C.I. (pref.) (Tues.) 1 2 6 3>/ 2 p.c. Stock 1939-43 98 5 0 3>,ip.c. Stock 1953-57 93 10 0 3>/ 2 p.c. Stock 1938-52 100 0 0 Australian Consol Stock 4p.c. 1955 104 0 0 Wellington City 4’,4 p.c. 1947 102 0 0 Bank of N.Z. 2 1 3 Dominion Breweries (pref.) 1 15 0 Australian Paper (pref.) 1 5 6 Broken Hill Propty. 2 17 9 British Tobacco 2 8 4 Dunlop Perdriau 1 0 4 do. (pref.) 1 18 7 Woolworths Ltd. 1 0 11 Broken Hill South 1 12 9 Huddart-Parker 2 9 0 N.Z. Breweries 2 0 4 Broken Hill Propty. (4) 2 17 9 Moturoa Oil 4 10

£ « d Commercial Bank of Australia 16 8 National Bank of N.Z. (2) 2 10 6 N.Z. Breweries (5) 2 0 3 Australian Glass 4 16 6 Broken Hill Propty. (cum div.) (3) 2 17 8 Colonial Sugar 48 13 6 Dunlop Rubber 10 4 G. J. Coles (2) 3 19 6 Hume Pipe (Aust.) 19 2 I.C.I. (Aust, and N.Z. pref.) 12 6 Woolworths (Syd., ord.) ■ 1 0 10 Mount Lyell (2) 1 10 5 Mount Morgan (2) 10 11 Sales Reported Westport Stockton Coal 4 3 Australian Glass 4 16 9 Farmers’ Trading (new fully paid) 19 0 Blackwater Mines 17 6 Consolidated Brick 7 6 Wilson’s Cement 16 8

£ s d 3>/zP-C. Stock 1939-43 98 10 Bank of N.Z. 2 1 P. and O. (deferred stock) 1 6 G. J. Coles 3 19 Gordon and Gotch 2 12 0 3 0 4>/ 2 7’/z SYDNEY (Received October 26, 9.15 p.m.) SYDNEY, October 26. Fairly steady conditions rule on the Syd-

£ s d Bank of New South Wales 31 0 0 Commercial Banking of Sydney 20 3 0 Colonial Sugar 48 10 o United Insurance 10 5 o Associated Newspapers (pref.) 3 9 Burns Philp 2 12 9 Tooth’s Brewery 2 14 6 Toohey’s Brewery 1 10 9 Australian Glass 4 19 o British Tobacco 2 8 6 David Jones 1 15 3 Farmers 1 10 3 Anthony Hordern 15 6 Morts Dock 11 11 Newbold Brick 1 10 6 Mark Foy 1 0 6 W. R. Carpenter 2 3 9 Adams 14 8 Morris Hedstrom 1 6 6 Woolworths 1 1 0 Broken Hill Propty. 2 18 6 Electrolytic Zinc 2 5 5 do. (pref.) 2 8 6 Placer Development 3 14 6 Emperor 12 9 Oil Search 7 1

£ s d Commercial Bank of Australia 16 9 National Bank (£5 paid) 6 14 0 do. (£10 paid) 14 7 0 Adelaide Steam 1 12 0 Howard Smith 19 3 British Tobacco 2 8 9 G. J. Coles 4 0 6 Australian Glass 4 19 0 Dunlop Perdriau Rubber 1 0 6 do. (pref.) 1 18 3 Australian Paper (pref.) 1 5 9 Felt and Textiles 1 11 6 Herald and Times 2 17 9 Hume Pipe 19 6 Yarra Falls 1 16 6 Imperial Chemicals (pref.) 1 2 7 Australian Foundation Investment Trust 5 0 Younghusbands 1 8 6 Electrolytic Zinc 2 5 9 do. (pref.) 2 8 6 Mount Lyell 1 10 6 Broken Hill Propty. 2 17 9 North Broken Hill 2 11 9 Emperor 12 8 Loloma 1 4 6

£ s d Clutha RiverBuyers 1 7’,2 Sellers 1 9 Molyneux RiverBuyers 1V1 Sellers 10‘,'a New Guinea 1 21/2 Bulolo 5 12 6 Dalgety and Co.— 4p.c. debentures 96 10 0 Shares 6 5 0 British Tobacco 1 17 0 Goldsbrough Mort 1 1 3 P. and 0. 1 1 6