MONEY AND MARKETS

Southland Times, Issue 23716, 14 January 1939, Page 3

MONEY AND MARKETS

INQUIRY FOR INDUSTRIAL SHARES ON INVERCARGILL EXCHANGE

There was little life in the bond market on the Invercargill Stock Exchange yesterday. Banks were unchanged. New Zealands had sellers at 40/3, Commercials were offered at 16/4, and Unions at £8 14/-. Industrials had steady inquiry, Australian Glass touching higher levels with buyers at £5 12/-. The mining section was quiet.

Quotations were as follows:— GOVERNMENT DEBENTURES Buyers Sellers £ s a £ s d Stock, 3J p.c., 1939-43 97 5 0 Stock, 4 p.c., 1943-46 98 L0 0 Bonds, 4 p.c., 1943-46 98 10 0 Stock, 4 p.c., 1946-49 97 15 0 Bonds, 4 p.c., 1946-49 97 15 0 BANKS Commercial 0 16 4 National of New Zealand 2 10 0 New South Wales 30 5 0 — New Zealand 2 0 3 Union of Australia 8 14 0 BREWERIES Dominion Brewery 1 10 0 — N.Z. Breweries 1 18 3 — COAL Kaitangata • 1 5 6 1 7 0 Westport Coal 1 2 0 Westport Stockton (pref.) 0 6 9 — INSURANCE National 0 15 6 0 15 9 South British 2 2 6 Standard 2 10 0 — LOAN AND AGENCY Trustees’ Executors (Dunedin) 4 0 0 — • MEAT COMPANIES N.Z. Refrigerating (10/.. paid) 0 7 8 0 8 1 Southland Frozen Meat 110 0 WOOLLEN MILLS Bruce 0 6 6 — Oamaru 0 10 0 MISCELLANEOUS Associated News 1 1 0 — Australian Glass 5 12 0 Australian Iron and Steel 1 8 0 — Broken Hill Pty. 2 18 0 G. J. Coles 4 0 6 — D.I.C. (pref.) 1 3 6 Dominion Fertilizer 1 3 6 Dunlop Rubber (Aust.) 1 1 3 I.C.I. (pref.) 1 3 6 Milbum Lime and Cement 1 12 0 N.Z. Drug 3 3 6 N.Z. Guarantee Corporation 0 4 6 N.Z. Paper Mills Wilson’s (N.Z.) 1 2 6 Cement 0 15 6 Woolworths, Ltd. 1 1 3 — MINING Broken Hill South —: 1 9 0 Big River 0 0 11 Goldfields Dredging 0 0 3 Mount Lyell — 1 8 9 Mount Morgans 0 10 6 — Nokomai 0 1 9 Austral (N.Z.) 1 2 0 — AUCKLAND £ 6 d Stock 1946-49 4 p.c. (2) 98 0 0 do. 1952-55 4 p.c. 97 0 0 E.S. and A. Bank 5 6 0 National Bank of N.Z. 2 8 6 N.Z. Insurance 2 11 3 South British 2 2 0 Auckland Gas 19 3 do. 19 6 Kauri Timber 1 2 9 Consolidated Brick (2) 8 0 Morts Dock 15 5 Wilson’s Cement 15 10 Placer Development 3 17 0 WELLINGTON £ s d South British Insurance (Thurs.) 2 2 0 Woolworths Ltd. (Thurs.) 1 2 0 Stock 1946 98 7 6 4 p.c. Stock 1949 98 2 6 4 p.c. Stock 1955 96 7 6 Bank of N.Z. 2 0 0 Swan Brewery 1 9 6 N.Z. Insurance 2 11 3 CHRISTCHURCH £ 8 <1 Taranaki Oilfields (2) 8 10 Grey River (6) 17 6 Dalgety and Co. (4) 7 15 0 Westport-Stockton Coal (pref.) 7 0 DUNEDIN Sales Reported £ s d Bank of N.Z. 1 19 9 Standard Insurance 2 11 0 Kaitangata Coal 1 6 6 Westport-Stockton (pref.) 7 0 Placer Developments 3 17 0 After Call Bank of N.Z. 2 0 0 SYDNEY • (Received January 13, 9.35 p.ip.) SYDNEY, January 13. Business on the Stock Exchange today was dull and restricted, with practically no change in price levels. Sales:— £ s d. Commercial Bank of Australia 15 4>,i Colonial Sugar 46 10 0 Bums Philp 2 13 0 British Tobacco (pref.) 1 10 9 Australian Glass 5 12 0 Tooth’s Brewery 2 14 9 Morts Dock 15 0 Felt and Textiles 1 12 0 Sargents 1 6 3 W. Adams 15 4 , / 2 Nestles (pref.) 1 16 0 Standard Cement 1 2 6 Mark Foy 1 0 0 Meggitts 1 10 6 Gordon and Gotch 2 14 3 Victoria Nyanza 12 0 Mount Lyell (N.Z. delivery) 1 7 0 Placer Development 3 14 0 Emperor 10 0 Loloma 1 0 9 MELBOURNE Australian Glass shares were firmer today, but other industrials are still quiet. Barriers and gold shares are fairly dull. Sales:— £ s. d. Commercial Bank of Australia 15 3 E.S. and A. Bank 4 15 0 National Bank (£10 paid) 13 1 0 G. J. Coles 3 19 9 Australian Glass 5 12 0 Dunlop Perdriau (pref.) 1 19 9 Felt and Textiles 1 11 9 Associated Paper and Pulp 1 3 8 Imperial Chemicals (pref.) 1 2 10 Electrolytic Zinc 2 6 6 do. (pref.) 2 9 9 Broken Hill Propty. (new) 2 3 9 Broken Hill South 1 6 10 — ■■ — MINING — NEMONA DREDGE (United Press Association) GREYMOUTH, January 13. The Nemona dredge return was 51oz for 179 hours’ working during which 15,100 yards were handled.