MONEY AND MARKETS

Southland Times, Issue 23651, 28 October 1938, Page 3

MONEY AND MARKETS

[UIET TONE ON INVERCARGILL EXCHANGE There was a quiet tone on the Invercargill Stock Exchange yesterday morning. Buyers for banking shares were confined to one or two of the Australian issues. Insurances showed no change. Sellers alone quoted for meat freezing companies’ shares. Support for industrial companies’ shares came principally for Commonwealth lines. The market for Australian mining shares was. a steady one. Sales of Invercargill borough debentures, 4j per cent., 1940, at £lO2, and 1945 at £lO2, 1.C.1. (pref.) at £1 2/6 and Bank of New Zealand at £2 1/3, were reported.

Quotations were as follows:—

CHRISTCHURCH

GOVERNMENT DEBENTURES Buyers Sellers £ s d £ s d Stock, 3| p.c., 1938- 100 10 0 Stock, 3| p.c., 1939- 100 10 0 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 10 E. S. and A. Bank 5 7 0 National of Australasia 6 12 0 National of New Zealand 2 12 0 New South Wales 31 5 0 New Zealand 2 16 New Zealand, long “D” issue 19 3 Union of Australia 8 13 0 BREWERIES N.Z. Breweries 2 0 3 2 0 9 Carlton 3 5 0 — COAL Westport Coal 14 0 Westport Stockton (pref.) 0 6 3 INSURANCE National 0 17 0 LOAN AND AGENCY Goldsbrough, Mort and Co. 19 0 Wright, Stephenson (pref.) 10 3 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 18 0 (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 0 WOOLLEN MILLS Bruce ’ 0 3 6 Mosgiel 9 15 0 MISCELLANEOUS Broken Hill Pty. 2 17 6 British Tobacco (Aust) 2 8 6 G. J. Coles 3 19 0 4 0 0 D. (pref.) 13 0 Dominion Fertilizer 14 0 Donaghy’s Rope' and Twine —■— 2 4 0 Dunlop Rubber (Aust.) J 0 3 Hume Pipe (Aus.) 0 19 0 10 3 Milburn Lime and Cement 1 16 0 McDuffs 0 16 6 Otago Daily Times 2 3 0 Permanent Building Society 5 13. 6 Wilson’s (N.Z.) Cement 0 16 6 0 17 9 Woolworths (N.Z.) 10 0 Woolworths, Ltd. 113 MINING Broken Hill South 1 12 0 Electrolytic Zinc (ord.) 2 4 6 2 5 6 Gillespie’s Beach 0 10 Goldfields Dredging 0 0 3J Mount Lyell 1 10 9 Mount Morgans 0 10 10 0 11 3 Nokomai 0 19 Waitahu 0 0 9 0 1 0 North Broken Hill 2 10 6 , AUCKLAND

WELLINGTON

SYDNEY (Received October 27, 9.35 p.m.) SYDNEY, October 27. On the Stock Exchange today exceptionally quiet conditions prevailed, primarily because of the impending loan conversion. Practically all sections of the market were weaker.

MELBOURNE Bonds are steady. The market was cautious today in view of the fall recorded ir. New York. Herald and Times strengthened on an increased dividend, and other industrials are unaltered. Sales:

£ 1 d Stock 1953-57 3>/ 2 p.c. 93 15 0 Commonwealth Bonds 1947 4p.c. 102.15 0 Mount Albert 1950 4>,4p.c. 101 10 0 City of Auckland 1944 414 p.c. 101 5 0 Bank of N.Z. 2 0 9 E.S. and A. Bank 5 7 0 Commercial Bank of Australia 16 6 National Bank of N.Z. 2 10 0 Union Bank 8 15 0 N.Z. Insurance 2 12 6 do. 2 12 0 South British (ex div.) 2 2 6 Auckland Gas (2) 19 0 do. 18 11 do. (con.) 13 9 N.Z. Breweries 2 0 3 Australian Glass 4 17 6 British Tobacco 2 8 6 Broken Hill Propty. (3) 2 17 9 Colonial Sugar 48 10 0 Electrolytic Zinc (pref.) 2 8 0 Milne and Choyce (deb.) 16 0 N.Z. Drug 3 7 0 Taranaki Oil 13 9 do. 13 11 Woolworths (Syd.) (2) 1 0 10 Capel Comt Trust 3 6 Maori Gully ' 7 Martha 11 6 Walhl Investments 9 3 Broken Hill South 1 12 3 Mount Lyell 1 10 3 Rawang Tin 9 0 Overseas List Woolworth’s Holdings (S.A.) 15 0 Unofficial List Southern Cross Investment and Rural Development Society 4 0

a ■ d National Bank of Australasia (£10 paid) (Wed.) 14 8 6 Bank of New South Wales (Syd. reg.) (Wed.) 31 0 0 Toohey's Ltd. (2) (Wed.) 1 10 9 Tooth and Co. (Wed.) 2 14 6 Consolidated Brick (Wed.) 7 6 Henry Jones (Wed.) 2 8 3 do. (Wed.) 2 8 0 G. J. Coles 3 19 9 Taranaki Oil (Wed.) 13 9 Woolworths Ltd. (ord.) (Wed.) 1 0 10 do. (Wed.) 1 1 0 do. (Wed.) 1 0 11 4 p.c. Bonds 1955 99 10 0 Commercial Bank of Australia 16 8 Bank of N.Z. 2 1 3 Union Bank 8 10 6 Bank of Australasia 10 5 6 Australian Glass (odd lot) 4 18 0 Electrolytic Zinc (pref.) 2 8 4>,i Farmers’ Trading 19 2 Dunlop Perdriau 1 0 6 G. J. Coles 4 0 0 Sharland and Co. (pref.) 17 6 N.Z. Drug 3 7 0 Mount Lyell 1 10 4 Overseas List Woolworth’s Holdings (Wed.) 14 9

£ d Commercial Bank of Australia 16 8 E.S. and A. Bank 5 8 0 National Bank of N.Z. (3) 2 10 6 Australian Glass (cum div.) (3) 4 19 6 British Tobacco (2) 2 8 3 Broken Hill Propty. (2) 2 17 10 do. 2 17 9 do. (2) 2 17 10 G. J. Coles 4 0 0 Wilson’s Cement 16 6 Woolworths (Syd., ord.) 1 0 10 Woolworths (South Africa) 14 10

Sales Reported N.Z. Government 4p.c. Inscribed 1949 (2) 99 15 0 Bank of Australasia 10 6 0 E.S. and A. Bank 5 7 0 Bank of N.Z. 2 1 3 National Insurance 16 0 Goldsbrough Mort 1 8 7 N.Z. Drug Co. 3 7 0 Woolworths (Syd., ord.) 1 0 11 Mount Lyell 1 10 2 DUNEDIN £ d Electrolytic Zinc (ord.) 2 5 6 do. 2 5 4 Bank of N.Z. (2) (Wed.) 2 1 3 Hume Pipe (Wed.) 19 5 4p.c. Australian Commonwealth Bonds 1950 103 7 6 Anthony Hordern 15 6 Broken Hill South 1 12 7 Mount Morgan 11 0 do. 10 11 After Call I.C.I (pref.) 1 2 7

Sales: £ s d Bank of New South Wales 31 5 0 Bank of Australasia 10 6 0 Commonwealth Stock ip.c. (N.Z. delivery) 1944 101 7 6 Colonial Sugar 48 7 6 Howard Smith 19 411 Tooth’s Brewery 2 14 6 Dunlop Perdriau Rubber 1 0 6 Australian Glass 4 19 0 Farmers 1 10 3 Lustre Hosiery 1 1 9 Kandos 1 6 0 Morts Dock 11 11 Producers and General 4 7 Australian General Insurance (N.Z. delivery) 16 l ! -c Masonite 18 5 Woolworths 1 1 0 United Provisions 7 11 Wilcox Mofflin 6 11 Grimley 1 1 0 Electrolytic Zinc 2 5 9 Mount Morgan 10 10 Mount Lyell 1 10 3 Kuala Kampar 18 3 Rawang Tin 8 11 Placer Development (N.Z. delivery) 3 15 0 Bulolo Gold 6 15 0 North Broken Hill 2 12 0 Oil Search 7 4

£ s d Commercial Bank of Australia 16 9 E.S. and A. Bank 5 6 0 National Bank (£5 paid) 6 14 0 do. (£10 paid) 14 7 0 Australian Glass 5 0 0 Dunlop Perdriau Rubber 1 0 5 do. (pref.) 1 18 6 Goldsbrough Mort 1 8 6 Felt and Textiles 1 11 6 Herald and Times 2 18 6 Australian Foundation Investment Trust 5 0 Imperial Chemicals (pref.) 1 2 7 Electrolytic Zinc (pref.) 2 5 6 Mount Lyell 1 10 0 Broken Hill Propty. 2 18 0 North Broken Hill 2 11 9 Broken Hill South 1 12 1