MONEY AND MARKETS

Southland Times, Issue 23736, 7 February 1939, Page 3

MONEY AND MARKETS

GOVERNMENT LOANS FIRM ON INVERCARGILL EXCHANGE

Government loans continued to show a very firm tone on the Invercargill Stock Exchange yesterday, all lines being keenly sought after. Few quotations came for banks, but insurances remained steady. Some improvement took place in the price of Australian industrials. The market for mining stocks was quiet, but firmer. A sale of Bank of New Zealand at £1 18/6, was reported. Quotations were as follows:—

GOVERNMENT DEBENTURES

Buyei £ s :s d Sellers £ s d Stock, 31 p.c., 1939-43 99 0 0 Stock,, 3J p.c., 1939-52 99 0 0 Stock, 4 p.c., 1943-46 99 5 0 Bonds, 4 p.c., 1943-46 99 5 0 Stock, 4 p.c., 1946-49 99 5 0 Bonds, 4 p.c., 1946-49 99 5 0 Stock, 4 p.c., 1952 99 5 0 Stock, 4 p.c., 1952-55 99 5 0 Bonds, 4 p.c., 1952-55 99 5 0 — BANKS Commercial 0 16 0 0 16 2 Commercial (pref.), 4 p.c. (cum.) 9 14 0 New South Wales 31 0 0 New Zealand 1 18 9 — ■— BREWERIES Dominion Brewery 1 11 0 — N.Z. Breweries 2 0 0 2 0 9 COAL Westport Coal 1 0 6 Westport Stockton (pref.) 0 7 1 — INSURANCE National 0 15 8 — Standard 2 11 0 — LOAN AND AGENCY National Mortgage 2 2 0 Wright, Stephenson (pref.) U 19 6 meat COMPANIES N.Z. Refrigerating (10/— paid) 0 7 9 0 8 1 Southland Frozen Meat 1 10 0 SHIPPING Union Steam Ship Co. (pref.) 1 5 9 WOOLLEN MILLS Bruce 0 7 6 — Oamaru 010 6 — ' MISCELLANEOUS Associated News 1 1 3 — Broken Hill Pty. 2 18 3 British Tobacco (Aust.) 2 8 6 G. J. Coles 3 16 0 D.I.C. (pref.) 1 3 0 Dominion Fertilizer 1 1 Q 1 2 3 Donaghy’s Rope and Twine 2 2 0 Dunlop Rubber (Aust.) 1 0 3 1 1 6 I.C.I. (pref.) 1 3 6 McKenzies Dept. Stores Ltd. 2 8 0 McLeod Bros.’ Soap 28 0 0 N.Z. Drug 3 b 6 N.Z. Guarantee Corporation ■ — 0 4 6 N.Z Paper Muis 1 2 6 Otago Daily Times 2 2 0 Permanent Building Society 5 15 0 Wool worths 1 2 6 — MINING North Broken Hill 2 4 0 Electrolytic Zinc (ord.) 2 6 3 2 8 0 Gillespie’s Beach 0 1 0 Goldfields Dredging — 0 0 3 Mount Lyell 1 8 0 Mount Morgans 0 10 9 Nokomai 0 1 9 Taranaki Oil Fields 0 7 0 Austral N.Z. 1 4 3 UNLISTED Thyrodone Ltd. 1 5 6 AUCKLAND £ 6 d Bank of New South Wales 30 15 0 Bank of N.Z. (late sale) 1 18 6 do. 1 18 6 National Insurance 15 10’,4 Felt and Textiles 1 13 0 N.Z. Breweries 2 0 0 Broken Hill Propty. 2 18 0 Consolidated Brick 8 6 Electrolytic Zinc (ord.) 2 7 0 Wool worths (Syd.) (late sale) 1 3 0 do. 1 3 1 do. 1 3 2 Reid Rubber (N.Z.) 1 2 6 Triton 10 3 Overseas Listings Woolworth’s Buildings (South Africa) (late sale) 15 0 Unofficial List Electric Products 16 0 John Fuller 1949 514 p.c. (late sale) 60 0 0 WELLINGTON £ R d Bank of N.Z. (Sat.) 1 18 6 Woolworths Ltd. (Sat.) 1 3 0 do. (Sat.) 1 3 1 Rural Bonds 4 p.c. 1947 98 17 6 Bank of N.Z. (2) 1 18 6 N.Z. Insurance 2 14 9 British Tobacco 2 9 0 Consolidated Brick 8 6 Electrolytic Zinc (ord.) 2 7 0 G. J. Coles 3 17 10 do. 3 18 0 Woolworths Ltd. (ord.) 1 3 0 Mount Morgan 10 10 CHRISTCHURCH £ R d Commercial Bank of Sydney (2) 20 15 0 Oamaru Woollens 12 6 N.Z. Breweries 2 0 0 Electrolytic Zinc (cum div.) (ord.) 2 7 0 Woolworths (Syd., ord.) 1 3 0 Woolworths (S.A.) 15 0 Broken Hill South (cum div.) (2) 1 7 3 Sale Reported Bank of New South Wales (Sat.) (cum div.) 30 12 6 Bank of New South Wales (cum div.) 30 15 0 DUNEDIN £ B d Commercial Bank 16 0 N.Z. Breweries 2 0 0. Electrolytic Zinc (ord.) (Sat.) 2 7 0 Mount Morgan (Sat.) 10 10 SYDNEY (Received February 6, 9.30 p.m.) SYDNEY, February 6. Values were mostly firm in a relatively quiet market on the Stock Exchange today Leading industrials made slight gains but base metals and gold shares were neglected. Sales: £ 8 d Bank of New South Wales 30 0 0 National Bank (£10 paid) 12 15 0

Colonial Sugar 46 12 6 Automatic Totalizators (pref.) 1 2 6 Howard Smith 19 3 British Tobacco 2 7 6 G. J. Coles 3 15 6 Australian Glass 5 10 0 Dunlop Perdrfau Rubber 1 0 7 Morts Dock 14 5 Amagalmated Wireless (contr.) 2 18 0 Australian Paper (pref.) 1 4 7',i Cash Orders 15 6 do. (pref.) 1 4 4 Felt and Textiles 1 13 0 Sargents 1 7 1 United Provisions 7 3 Woolv/orths 1 2 4 Goldsbrough Mort 1 6 4 Wilcox MofTIin 6 0 Henry Jones 2 8 6 Mount Morgan 10 8 do. (N.Z. delivery) 10 8 Broken Hill Propty. 2 15 6 Kuala Kampar • 14 6 Placer Development 3 13 0 MELBOURNE The market was very qulex. Sales: £ s d National Bank (£10 paid) 12 16 0 Felt and Textiles 1 12 9 Broken Hill Propty. 2 15 6