MONEY AND MARKETS

Southland Times, Issue 23838, 8 June 1939, Page 3

MONEY AND MARKETS

NO CHANGE OF ANY NOTE ON INVERCARGILL EXCHANGE

There was no change of any note on the Invercargill Stock Exchange yesterday. Banks remained steady with a limited inquiry. There was a little more demand for woollen companies shares. Australian Industrials were quiet and unchanged. There was no change in the market for Dominion industrials, New Zealand Drugs being firm at £3 6/-, and New Zealand Paper Mills steady at £2 3/3. Milburn Limes had firm buyers at £l/14/-. Overseas mining shares were inactive.

Quotations were called as follows: GOVERNMENT DEBENTURES

AUCKLAND

WELLINGTON

CHRISTCHURCH

Associated Gold Dredges 7 3 DUNEDIN Sales Reported

SYDNEY (Received June 7, 9.30 p.m.) SYDNEY, June 7. The Stock Exchange was steady today, the only outstanding feature being an improvement in Emperors on a report of the pre- ■ -

sence of high-grade ore being definitely established.

MELBOURNE Sales:

Stock, 4 p.c., 1939-52 Buyer £ 97 Seller £ s d s 0 d 0 Stock, 4 p.c., 1943-46 — 98 15 0 Bonds, 4 p.c., 1943-46 — 98 15 0 Stock, 4 p.c., 1946-49 98 5 0 Bonds, 4 p.c,, 98 1946-49 5 0 Stock, 4 p.c., 1952-55 — 98 10 0 Bonds, 4 p.c., 1952-55 — — 98 10 0 Stock, 3i p.c. 1953-57 92 0 0 BANKS Commercial 0 16 1 0 16 3 National of New 2 6 0 Zealand New South Wales — IV 0 3 u 6 New Zealand New Zealand long 1 6 6 “D” issue ’ , breweries 0 N.Z. Breweries COAL 6 Kaitangata 1 • 1 Westport Coal 1 0 6 1 1 Westport Stockton (ord.) 0 3 6 0 4 0 INSURANCE National 0 16 2 11 2 0 Standard LOAN AND AGENCY Goldsbrough, Mort and Co. 1 y Wright, Stephenson (pref.) 0 19 6 MEAT COMPANIES Southland Frozen Meat 1 7 0 1 8 0 SHIPPING Union Steam Ship Co. (pref.) 1 5 0 1 6 0 WOOLLEN MILLS Bruce' 0 10 9 5 0 15 0 0 0 Mosgiel Oamaru MISCELLANEOUS Associated News (pref.) Broken Hill Pty. G. J. Coles (rights) D.I.C. (pref.) 1 2 3 8 2 11 1 1 0 0 6 0 'Dominion Rubber Co. 1 0 o 1 14 3 6 0 0 Milburn Lime and Cement N.Z. Drug N.Z. Guarantee Cor poration N.Z. Paper Mills o 0 1 3 3 Otago Daily Times Permanent Building Society Woolworths, Ltd. 1 17 5 15 6. 0 8 2 0 6 1 3 MINING 9 Broken Hill South North Broken Hill Big River 1 8 2 9 0 0 6 0 6 — Gillespie’s Beach Goldfields Dredging 0 0 9 o 0 2 Mount Lyell 1 y 0 0 11 3 Mount Morgans Mount Morgan (pref.) Nokomai 1 3 0 o 2 o 1 4 0 i 5 6 Austral (N.Z.)

£ s d Stock 1940-43 4 p.C. 99 0 0 E.S. and A. Bank 4 19 9 National Bank of N.Z. 2 6 6 Union Bank 8 0 0 N.Z. Insurance 2 13 0 South British 2 3 6 Farmers’ Auctioneering (B pref.) 19 6 Traders’ Finance (con.) 4 0 Australian Consolidated Industries 1 19 6 British Tobacco 2 11 D Bycroft (rights) 16 0 Colonial Sugar 50 5 0 Electrolytic Zinc (pref.) 2 15 0 Farmers’ Trading 19 8 Lewis Eady (pref.) 19 0 Milne and Choyce (deb.) 15 0 Wilson’s Cement 18 0 Woolworths (Syd.) (2) 1 3 10 Martha 9 9 Emperor 10 4 Overseas List Woolworth’s Holdings (S.A.) 14 10 Unofficial List Taranaki Oil Developments (2) 2 6 do. (2) 2 5 Auckland Fanners’ Freezing (£1 paid) 1 1 0

£ B d E.S. and A. Bank (Tues.) 5 0 0 Berlei (N.Z.) (Tues.) 3 3 6 Woolworth’s Properties (Tues.) 1 5 2 do. (Tues.) 1 5 3 Union Bank 8 0 0 Australian Consolidated Industries 1 19 6 Broken Hill Propty. 3 8 9 Consolidated Brick and Pipe 9 11 31/2 p’.c. Stock 1939-43 (2) 98 7 6 Maori Gully 8

£ fi d Bank of N.Z. (cum div.) 2 0 1 British Tobacco (cum div.) 2 11 6 Broken Hill Propty. (2) 3 8 9 do. 3 8 6 do. (contr.) 3 2 3 G. J. Coles (rights) 2 12 3 Taranaki Oilfields 7 6 do. 6 7 do. G 6 Austral (N.Z.) (2) 1 4 fi Sales Reported Bank of N.Z. (cum div.) 2 0 3 Kaiapoi Woollens (7/- paid) 4 0 Taranaki Oilfields 6 6 Unlisted Stock

Commercial Bank (Tues.) £ s 16 d 2 U.S.S. (pref.) (ex div.) 1 5 0 Westport-Stockton (ord.) 3 9 N.Z. Paper Mills (Tues.) 1 3 9 Woolworth's Holdings 14 10 Berlei (N.Z.) Ltd. (2) 3 3 6 Morris Hedstrom 1 7 6 National Bank of N.Z. 2 7 0

Sales: £ s d Bank of New South Wales 28 18 0 Bank of Australasia 8 15 0 United Insurance 9 17 6 Dalgety 5 12 6 Associated Newspapers 19 6 Howard Smith 19 9 Burns Philp 2 12 3 Tooth’s Brewery 2 12 0 Woolworths 1 2 3 do. (N.Z. delivery) 1 2 3 Australian Consolidated Industries 1 16 IV2 David Jones 1 14 6 Anthony Hordern 14 6 do. (pref.) 1 0 0 General Industries 19 6 W. Adams 15 7 >,'2 Standard Cement 1 1 6 Henry Jones 2 9 6 Millaquin Sugar 2 0 6 Fairymead Sugar 1 10 9 Electrolytic Zinc 2 8 3 Broken Hill Propty. 3 3 3 North Broken Hill 2 6 9 Emperor 9 9 Loloma 1 3 7 Kanieri 1 13 0 Austral-Zealand Gold 1 2 0

£ s d Commercial Bank of Australia (pref.) 8 14 0 Goldsbrough Mort 1 G 6 G. J. Coles (ex rights) 2 7 6 Dunlop Perdriau Rubber (pref.) 1 16 9 Australian Paper (pref.) 1 4 10 Imperial Chemicals (pref.) 1 2 11 Emperor 9 9 Loloma 1 3 9