MONEY AND MARKETS INQUIRY FOR BANKING SHARES ON INVERCARGILL EXCHANGE

Southland Times, Issue 23819, 17 May 1939, Page 3

MONEY AND MARKETS INQUIRY FOR BANKING SHARES ON INVERCARGILL EXCHANGE

There was a better inquiry for banking shares on the Invercargill Stock Exchange yesterday. New Zealands had buyers at £l/19/9 and the long-term “D” shares were asked for at £l/6/9. There was also inquiry for Bank of New South Wales, Australasias and Unions. There was not the same demand for industrial companies’ shares. The market for metal companies’ shares was a quiet, but steady, one.

Quotations were called as follows:—

GOVERNMENT DEBENTURES Buyer Seller £ s d £ s d Stock, 4 p.c., 1943-46 98 10 0 Stock, 4 p.c., ‘ . 1943-46 98 10 0 — Stock, 4 p.c., 1952 98 10 0 — Stock, 4 p.c., 1952-55 98 10 0 — Bonds, 4 p.c., 1952-55 98 10 0 Stock 3| p.c., 1953-57 92 0 0 BANKS Australasia 9 5 0 — Commercial 0 17 0 New South Wales 30 0 0 New Zealand 1 19 3 — New Zealand long “D” issue 1 6 9 — Union of Australia 8 0 0 BREWERIES N.Z. Breweries 1 17 9 — COAL Kaitangata 1 7 6 — Westport Coal 1 0 6 Westport Stockton (ord.) 0 4 3 INSURANCE Standard 2 12 0 LOAN AND A GEN CI Goldsbrough, Mort and Co. 1 10 0 National Mortgage 2 0 0 Wright, Stephenson (pref.) u iy 9 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 15 0 0 15 6 Southland Frozen . Meal ■ — 1 8 0 SHIPPING Union Steam Ship Co. (pref.) 1 5 0 WOOLLEN MILLS Mosgiel 9 5 0 — Wellington Woollens 5 0 0 MISCELLANEOUS Broken Hill Pty — 3 6 6 British Tobacco (Aust.) 2 11 Dominion lertihzer 1 3 9 — Dominion Rubber Co. 1 0 0 I.C.I. (prei.) 1 5 3 McKenzie’s Dept. Stores, Ltd. 2 10 0 — Milburn Lime and Cement 1 13 6 — N.Z. Drug 3 4 6 Olago Daily Times ■ ■ 2 0 9 Permanent Building Society 5 15 0 — Woolworth’s Ltd. 1 3 9 — Woolworths Properties, Ltd. 1 5 9 MINING Broken Hill South 1 7 6 — Gillespie s Beach 0 0 8 Goldfields Dredging - 0 0 2 Mount Lyell 1 9 0 Mount Morgans 0 10 7 Nokomai 0 2 0 AUCKLAND £ R d Commercial Bank of Australia 16 3 Bank of N.Z. 2 0 0 South Britisli - 4 Pukemiro Coal 16 9 Renown (ord.) 8 6 Australian Consolidated Industries 1 17 9 Broken Hill Propty. (2) 3 6 0 do. (con.) 2 19 0

Bycroft (rights) 16 9 Colonial Sugar (2) 51 0 0 Electrolytic Zinc 2 10 0 Farmers’ Trading 1 0 3 M.K. Manufacturers 5 6 N.Z. Farmers Fertilizer 16 4 Reid Rubber (rights) 8 0 Taranaki Oil 6 0 Woolworths (Syd.) 1 3 11 do. (2nd pref.) (2) 1 10 0 Martha 11 0 Mount Morgan (ord.) 10 8 WELLINGTON £ S d Woolworths Ltd. (Mon.) 1 3 11 4 p.c. Stock 1949 98 12 6 G. J. Coles (rights) 2 12 6Woolworths Ltd. 1 3 11 Broken Hill Propty. 3 6 0 Unofficial List Woolworths (W.A.) 4 6 6 CHRISTCHURCH £ » d Bank of N.Z. (cum div.) 1 19 11 Broken Hill Propty. (cum div.) 3 5 11 do. (2) 3 6 0 G. J. Coles (rights) 2 10 0 do. 2 9 6 do. 2 9 10 Broken Hill South (cum div.) 1 8 8 N.Z. Government 3% p.c. Inscribed 1938-41 98 5 0 Commercial Bank of Australia (2 ) 16 3 G. J. Coles (rights) 2 11 4 do. 2 10 6 do. 2 10 0 DUNEDIN Sales Reported £ 6 d Standard Insurance (Mon.) 2 11 3 G. J. Coles (cum rights) 4 6 G Gillespies Beach (odd parcel) 8 SYDNEY ,, (Received May 16, 9.5 p.m.) SYDNEY, May 16. Except that some of the main industrials made small gains today the investment market was unchanged from yesterday, with a strong undertone. >aies: £ B d Bank of New South Wales (N.Z. delivery) 29 0 0 Commercial Banking of Sydney 19 2 6 Queensland National Bank 4 14 0 Bank of Australasia 8 18 0 Colonial Sugar 46 15 0 Australian Gas (A old) 7 5 0 British Tobacco 2 7 9 Tooth's Brewery 2 13 6 Woolworths 1 1 10 Australian Consolidated Industries 1 15 0 Dunlop Perdriau Rubber 1 0 3 David Jones 1 14 6 General Industries 18 9 Sargents 1 9 0 Taubmans 2 15 0 W. H. Soul 4 8 6 Victoria Nyanza 12 9 Morris Hedstrom (N.Z. delivery) 1 5 0 Henry Jones (N.Z. delivery) 2 9 6 Electrolytic Zinc 2 6 9 do. (pref.) 2 9 9 Mount Morgan 10 0 Broken Hill Propty. 3 2 0 do. (N.Z. delivery) 3 2 0 do. (contr.) 2 15 6 North Broken Hill 2 4 6 Triton Gold (N.Z. delivery) 8 7 MELBOURNE Sales: £ s d Commercial Bank of Australia 15 1 Adelaide Steam 1 10 6 Dunlop Perdriau Rubber 1 10 6 G. J. Coles (cum rights) 3 19 0 THE METAL MARKET LONDON, May 15. Metal quotations are as follows May 12 May 15 A ton. A ton. £ s d £ s d CopperStandard, spot 41 13 1>,J 41 13 I 1 , 2 Forward 42 0 0 42 0 7% Electrolytic 48 2 6 48 0 0 to 48 7 6 48 5 0 Wire bars 48 7 6 48 5 0 Lead— Spot 14 11 3 14 12 6 Forward 14 15 7 *,'2 14 17 6 SpelterSpot 13 15 0 13 11 10>/ 2 Forward 14 0 7*,4 13 18 9 TinSpot 225 5 0 225 7 6 Forward 222 12 6 222 17 6 SilverFine, per oz 20 l-16d 20>/ a d Standard, per os 21%d 21 ll-16d