MONEY AND MARKETS

Southland Times, Issue 23806, 2 May 1939, Page 3

MONEY AND MARKETS

FIRM MARKET FOR INDUSTRIALS ON INVERCARGILL EXCHANGE

Steady inquiry came for Government 4 per cent, issues on the Invercargill Stock Exchange yesterday morning. Banking shares remained quiet. Commercials had buyers at 15/10 and E.S. and A. banks were at £5 5/-. Australian industrials were firm, Woolworths, Broken Hill Proprietaries and Tobaccos, all being very steady in price. Among New Zealand issues, New Zealand Breweries were a shade firmer with buyers at £1 17/3. McKenzies, Ltd., moved up to £2 3/6. The market for metal companies shares was a firmer one. Quotations were:

GOVERNMENT DEBENTURES Buyer Seller £ s d £ « d Stock, 4 p.c.. 1943-46 98 10 0 99 I 0 Bonds, 4 p.c., 1943-46 98 10 0 Stock. 4 p.c.. 1946-49 97 5 0 Bonds, 4 p.c., 1946-49 97 5 0 Stock, 4 p.c., 1952 98 10 0 ■ ■ - Stock, 4 p.c„ 1952-55 99 0 0 Bonds, 4 p.c., 1952-55 99 0 0 BANKS Commercial 0 15 10 — E. S. and A. Bank 5 5 0 • National of New Zealand 2 7 0 New Zealand 1 17 6 BREWERIES Dunedin Brewery Co. 14 0 N.Z. Breweries 1 17 3 — COAL Kaitangata 18 0 ■ ' ..... Westport Stockton (ord.) 0 4 0 INSURANCE National 0 15 9 Standard 2 11 6 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 015 3 Southland Frozen Meat 17 6 18 0 SHIPPING Union Steam Ship Co. (pref.) 15 0 — WOOLLEN MILLS Bruce 011 6 Mosgiel 9 6 0 — MISCELLANEOUS Australian Consolidated Industries 1 14 6 Broken Hill Pty. 3 13 3 2 3 British Tobacco (Aust.) 2 10 6 Colonial Sugar Co. 48 10 0 G. J. Coles 4 5 0 Dominion Fertilizer 13 6 Dominion Rubber Co 10 0 Donaghy’s Rope and Twine 2 5 0 Dunlop Rubber (Aust.) 119 Hume Pipe (Aust.) 0 19 3 McKenzies Dept. Stores, Ltd. 2 3 6 McLeod Bros’ Soap 27 5 0 N.Z. Drug 3 5 0 Otago Daily Times 2 0 9 Permanent Building Society 5 15 0 Wilson’s (N.Z.) Cement 0 16 0. Woolworths, Ltd. 14 0 Woolworths (N.Z.) 0 17 8 0 18 0 Wool worths Properties, Ltd. 15 9 MINING Broken Hill South 17 6 --- North Broken Hill 2 6 6 Electrolytic Zinc (ord.) 2 8 6 2 10 0 (pref.) 2 12 0 Gillespie’s Beach 0 0 9 Goldfields Dredging ——— 0 0 2 Mount Lyell 18 9 Mount Morgans 0 10 6 0 11 3 Nokomai 0 2 0 . Okarito 0 3 0 Taranaki Oil Fields 0 8 0 0 9 0 Austral (N.Z.) 14 6 Grey River 0 18 6 AUCKLAND £ s d T Bonds 1946-49 4 p.c. 97 12 6 1 Stock 1940-43 4 p.c. 8 10 0 do. 1946-49 4 p.c. 17 10 0 do. 1939-43 3% p.c. .8 5 0 Auckland Transport Board 1943 4'/ 2 p.c. 9 0 0 I, Commercial Bank of Australia 16 4 t Union Bank 8 0 0 7 Auckland Gas 15 11 h British Tobacco 2 11 6 Y Broken Hill Propty. (2) 3 2 0 t M.K. Manufacturers 5 3 r Sanford (ord.) Wool worths (Syd.) 1 4 1 e WELLINGTON f( tl £ s d n 4 p.c. Stock 1949-52 98 0 0 ° 31/a p.c. Stock 1939-52 98 12 6 h 4 p.c. Stock 1946 98 15 0 J South British Insurance 2 4 6 ir Huddart Parker 2 14 0 si G. J. Coles 4 5 6 Woolworths Ltd. 141 k CHRISTCHURCH p n 4 s d b Commercial Bank of Australia 16 6 tr E.S. and A. Bank (cum div.) (3) 5 8 0 Broken Hill Propty. (cum div.) do. (2) 3 2 5 s Sales Reported Westport-Stockton Coal (ord.) 3 6 K do. (pref.) (2) 7 1 Mount Morgan 10 8 Christchurch Gas (odd parcel) 30 Sa United Provisions 7 4 Sa Unlisted Stock Ne Ngahere L 3 9 Co L 3 9 Dr DUNEDIN G. He Sales Reported Fe £ s d En Westport-Stockton (pref.) 7 0 _ Broken Hill Propty. I 2 0 ~ do. 2 3 SYDNEY (Received May 1. 9.35 p.m.) SYDNEY, May 1. Lack of confidence still prevails on the Stock Exchange, prices of leading industrials losing some ground. Investors seem content to await developments from overseas. I Sales- £ f d Bank of New South Wales 28 18 0 fe Commercial Banking of Sydney 18 16 0 National Bank (£5 paid) 6 5 0 a do. (£10 paid) 12 10 6 “ Colonial Sugar 46 0 0 Associated Newspapers 19 0 sfe Howard Smith 18 0 £ British Tobacco 2 7 0 fTooth’s Brewery 2 12 0 1 do. (N.Z. delivery) 2 12 0 § Australian Consolidated Industries 1 12 9 g Dunlop Perdriau Rubber 1 1 Hi S do. (N.Z. delivery) 1 1 Hi S Anthony Hordern 14 6 W General Industries 18 0 § Morts Dock 14 9 g Hume Pipe 18 0 W Meggitts 1 80 s W. Adams 15 0 f Henry Jones 2 7 6 S Millaquin Sugar 1 18 0 Electrolytic Zinc 2 4 o i Mount Lyell 1 5 0 f Broken Hill Propty. 2 16 6 do. (N.Z. delivery) 2 16 6 do. (contr.) 2 10 3 North Broken Hill 2 2 9 South Broken Hill 1 5 3 Bulolo Gold 6 7 0

Kuala Kampar II 6 MELBOURNE Sales: £ s d National Bank (£10 paid) 12 10 0 Commercial Bank of Australia 15 0 Drug Houses 1 1 9 G. J. Coles 3 16 9 Herald and Times 3 2 6 General Industries 18 0 Felt add Textiles (2nd pref.) 1 1 0 Emperor 8 0