MONEY AND MARKETS

Southland Times, Issue 23773, 22 March 1939, Page 3

MONEY AND MARKETS

CAUTIOUS TONE ON INVERCARGILL EXCHANGE

A cautious tone existed on the Invercargill Stock Exchange yesterday morning. There was only one buyer for banks shares. Shares in shipping and freezing companies were dull, Commonwealth industrials were easier and the metal market was uncertain.

Quotation- were:— GOVERNMENT DEBENTURES Buyer Seller £ s. d £ s d Stock, 4 p.c., 1946-49 98 10 0 Bonds, 4 p.c., 1946-49 98 10 0 Stock, 4 p.c., 1952 99 12 6 Stock, 4 p.c., 1952-55 99 10 0 Bonds, 4 p.c., 1952-55 99 10 0 Stock, 3| p.c., 1941-43 97 0 0 BANKS Commercial 0 16 6 National of New Zealand 2 6 0 New Zealand — 1 19 0 BREWERIES N.Z. Breweries 118 0 119 0 COAL Kaitangata 17 0 Westport Coal 10 3 Westport Stockton—(ord.) 0 4 0 INSURANCE National 0 15 8 LOAN AND AGENCY Goldsbrough, Mort and Co. 19 6 National Mortgage 2 0 0 Wright, Stephenson (pref.) 0 19 6 MEAT COMPANIES N.Z. Refrigerating—(2o/- paid) 0 15 9 (10/- paid) 0 6 9 Southland Frozen Meat 17 9 SHIPPING Huddart-Parker 2 16 0 P. and O. Stock 15 0 WOOLLEN MILLS Bruce 010 0 012 0 Mosgiel 9 10 0 MISCELLANEOUS Broken Hill Pty. 2 19 0 British Tobacco (Aust.) 2 10 9 G. J. Coles 3 19 6 D.I.C. (pref.) 12 6 Dominion Fertilizer 13 6 Donaghy’s Rope and Twine 2 3 0 — Dunlop Rubber (Aust.) 116 1.C.1. (pref.) 13 9 Morts Dock 0 15 0 N.Z. Guarantee Corporation 0 4 6 N.Z. Paper Mills 13 0 Otago Daily Times 2 10 Woolworths (N.Z.) 016 6 MINING Broken Hili South 18 0 North Broken Hill 2 4 6 Electrolytic Zinc (ord.) 2 5 6 Gillespie’s Beach 0 0 11 Goldfields Dredging 0 0 2 Mount Lyell 17 3 Mount Morgans 0 11 0 Taranaki Oil Fields 0 8 0 Austral (N.Z.) 1 3 0 AUCKLAND

WELLINGTON

CHRISTCHURCH

DUNEDIN Sales Reported

COMPANY NEWS SOUTH BRITISH INSURANCE (United Press Association) AUCKLAND, March 21. The directors of the South British Insurance Company Limited have declared an unchanged interim dividend of BJd a share for the half-year ended February 28. Payment will be made on April 27. THE FRUIT MARKET (Received March 21, 6.30 p.m.) LONDON, March 20. New Zealand apples were in excellent condition for the first sales. Quotations: Worcesters, 11/- to 11/6; Alfristons, 10/- to 13/-; Gravensteins, 10/- to 12/-: Cox’s Orange, 22/6 to 27/6.

£ s d Stock 1952-55 4 p.c. 99 0 0 Auckland Gas 1942 6p.c. 103 0 0 National Bank of Australasia 13 12 6 National Insurance 15 9 N.Z. Insurance 2 11 6 Tooth’s Breweries (Mon.) 2 15 6 Broken Hill Propty. 2 17 9 Electrolytic Zinc (pref.) 2 9 9 Imperial Chemicals (pref.) (Mon.) 1 3 9 do. 1 3 9 N.Z. Newspapers 1 8 6 Reid Rubber 1 4 9 Woolworths (N.Z.) (Mon.) 17 0 Wilson’s Cement 15 9 Unofficial List Whakatane Paper Mills (ord.) 4 3 do. (pref.) 8 0

£ s d Bank of N.Z. ((2) (Mon.) 1 18 9 Woolworths (N.Z.) (ord.) (2) (Mon.) 17 0 4 p.c. Stock 1946 98 10 0 3 p.c. Stock 1941 96 5 0 4 p.c. Stock 1946 98 10 0 Wellington Woollen (ord.) 5 0 0 McKenzies Departmental Stores (3) 2 0 9 do. 2 0 0 Wilson’s Cement 15 6 N.Z. Drug 3 6 0 Woolworths Ltd. (ord.) 1 3 0 do. 1 2 6

s d Commercial Bank of Australia 16 1 Electrolytic Zinc (ex div.) (ord.) 2 5 0 do. 2 5 3 do. 2 5 6 Taranaki Oilfields (2) 9 0 Woolworths (Syd., ord., cum div.) (5) 1 2 9 do. 1 2 8 do. 1 2 7 Mount Morgan 10 9 Nev/ River 7 Sales Reported Bank of New South Wales (Mon.) 29 15 0 National Insurance 15 9 Oamaru Woollens 15 fi Donaghy Rope (odd parcel) 2 4 3 Electrolytic Zinc (ex div., ord.) (2) 2 5 6 General Industries (cum div.) 19 3 Mount Lyell 1 6 3 Unlisted Stock Whakatane Paper Mills (odd parcel) 4 0

£ 8 d 4 p.c. Stock 1943-46 98 15 0 Bank of N.Z. (long D) 1 6 6 Donaghy’s Rope (odd parcel) 2 4 3