MONEY AND MARKETS

Southland Times, Issue 23839, 9 June 1939, Page 3

MONEY AND MARKETS

INQUIRY FOR BANKING SHARES ON INVERCARGILL EXCHANGE

Little or no change took place in the market for Government securities on the Invercargill Stock Exchange yesterday morning. Better inquiry came for banks, Commercials being asked for at 16/-, Nationals at the higher price of £2/6/b and Bank of New Zealand “D” long term shares at £l/6/b. Australian industrials were quiet. Overseas mining shares were inactive.

Quotations were called as follows: — GOVERNMENT DEBENTURES

AUCKLAND

SYDNEY (Received June S, 9.40 p.m.) SYDNEY, June 8. Caution was the keynote on the Stock Exchange today and business contracted appreciably. Barriers displayed some ten-

4/-. dency to drift but there was activity in gold shares.

MELBOURNE

Stock, 4 p.c., 1939-52 Buyer Seller £ s d £ 97 s 0 d 0 Stock, 4 p.c., ■1943-46 Bonds. 4 p.c., — 98 15 0 98 1943-46 15 0 Stock, 4 p.c., 1946-49 Bonds, 4 p.c., 98 0 0 98 5 0 98 1946-49 > Stock, 4 p.c., b 0 98 1952-55 — 5 0 Bonds. 4 p.c., 1952-55 Stock, 3J p.c. — 98 5 0 1953-57 — 91 10 0 BANKS 0 Commercial National of Australasia K 17 6 2 6 6 National of New Zealand New South Wales ... —— 31 10 0 New Zealand 2 u 6 1 6 6 New Zealand long “D” issue ' BREWERIES 3 N.Z. Breweries COAL 6 Kaitangata Westport Coal 1 0 0 1 1 Westport Stockton (ord.) 0 3 7 0 3 10 INSURANCT 3 0 National 2 11 Standard LOAN AND AGENCY Wright, Stephenson (pref.) 0 19 6 MEAT COMPANIES N.Z. Refrigerating— (20/- paid) 0 15 3 (10/- paid) 0 7 0 0 7 SHIPPING Union Steam Ship Co. (pref.) 1 5 0 1 5 6 P. & O Stock WOOLLEN MILLS Bruce 0 10 0 Kaiapoi (ord.) 9 0 15 0 Oamaru MISCELLANEOUS Broken Hill Pty. G. J. Coles 3 8 3 17 3 6 3 9 3 D.I.C. (pref.) 1 1 0 1 3 9 Dominion Fertilizer Dominion Rubber Co. 1 o 0 0 15 0 Oamaru 29 o 0 McLeod Bros’ Soap 1 14 3 6 6 6 Milburn Lime and Cement N.Z. Drug N.Z Guarantee Cor poration N.Z. Paper Mills o 4 0 1 3 6 Otago Daily Times 1 17 6 Permanent Building Society 5 15 0 Wilson’s (N.Z.) 0 17 Cement 9 Woolwortns Ltd. 1 3 8 1 4 3 MINING Broken Hill South 1 8 6 — North Broken Hill 2 9 0 ■ ■■■■ Gillespie’s Beach Goldfields Dredging 0 0 9 o o ? Mount Lyell 9 3 2 Mount Morgans 0 11 0 11 8 Nokomai 0 2 o 0 7 0 Taranaki Oil Fields

Stock 1940-43 4 p.c. £ 99 b d 0 0 Amalgamated Brick (Auck.) 1944 6 p.c. • 99 10 0 Bank of N.Z. 2 0 0 do. (3) , 2 0 0 Traders’ Finance (con.) 4 0 Renown Collieries (pref.) 2 6 Westport-Stockton (ord.) 3 9 Dominion Breweries 1 13 6 Australian Consolidated Industries 1 19 6 British Tobacco 2 11 9 Broken Hill Propty. 3 8 3 do. o 8 3 Bycroft (rights) 16 3 Claude Neon (N.Z.) 17 6 Colonial Sugar (2) 50 0 0 Consolidated Brick 9 9 Farmers’ Trading 19 9 G. J. Coles (rights) 2 12 0 Henry Jones 2 13 0 N.Z. Drug (odd lot) 3 6 9 N.Z. Newspapers 1 12 3 do. (odd lot) 1 12 3 Wilson’s Cement 17 10 Woolworth’s Properties (rights) 2 0 Ngahere Gold 1 3 6 Emperor 11 0 Unofficial List Taranaki OH Developments 2 7 WELLINGTON £ s d Mount Morgan (Wed.) 11 5 Bank of Australasia 9 15 0 Commercial Bank of Australia 16 3 Bank of N.Z. (2) 2 0 1 do. 2 0 0 Dalgety and Co. 6 5 0 Australian Consolidated Industries 1 19 9 Broken Kill Propty. 3 8 6 Wilson’s Cement 17 10 Woolworths Ltd. (2) 1 3 11 Woolworth’s Properties (rights) 2 1 CHRISTCHURCH £ 6 d E.S. and A. Bank 5 0 0 Electrolytic Zinc (pref.) 2 15 6 Woolworth’s Properties (rights) 2 0 Mount Lyell (cum div.) 1 8 8 Austral (N.Z.) Mining • 1 4 3 Grey River 18 0 Sales Reported N.Z. Government 4 p.c. Inscribed Stocks 1943-46 98 5 0 National Bank of N.Z. (cum div.) (3) 2 7 0 Bank of N.Z. (cum div.) 2 0 3 Westport-Stockton Coal (ord.) (Wed.) 3 9 Broken Hill Propty. (2) 3 8 10 do. 3 8 9 do. (2) 3 8 6 Claude Neon (N.Z.) 17 3 Colonial Sugar 50 5 0 Austral (N.Z.) 1 4 6 Unlisted Stock Ngahere (5) 1 3 6 DUNEDIN Sales Reported £ 6 d Austral (N.Z.) Mining 1 4 6 Australian Consolidated Industries I 1 19 6 Broken Hill Propty 3 8 3 Brown Ewing (pref.) 1 0 0 Woolworths (Syd.) 1 3 11 Woolworth’s Properties (rights) 2 1 Farmers’ Trading (ord.) 19 7 do. 19 8 Mount Morgan 11 5

Sales: £ s d Bank of New South Wales 28 18 0 Commercial Banking of Sydney 19 2 0 Bank of Australasia 8 15 0 Queensland National Bank 4 14 6 Colonial Sugar 45 7 6 Millaquin Sugar 2 0 9 Fairymead Sugar 1 16 9 N.Z. Insurance 2 7 9 Howard Smith (N.Z. deUvery) 19 9 Burns Philp 2 12 3 Australian Gas (A old) 7 4 6 British Tobacco 2 8 3 do. (pref.) 1 8 9 Australasian Paper 1 9 6 Tooth’s Brewery 2 12 6 Toohey’s Brewery 1 9 0 G. J. Coles 3 12 6 do. (N.Z. delivery ) 3 12 6 Woolworths 1 2 3 Drug Houses 1 2 6 Hoyts (A pref.. N.Z. delivery) 18 7*/ 2 General Industries 19 6 Anthony Hordern 14 3 Kandos 1 9 9 do. (contr.) 15 0 W. Adams 15 6 Felt and Textiles 1 10 7 Mount Morgan 10 6 Electrolytic Zinc 2 8 3 do. (pref., N.Z. delivery) 2 11 6 Broken Hill Propty. 3 3 3 North Broken Hill 2 6 6 South Broken Hill 1 6 6 Placer Development 3 11 0 Emperor 9 8

jaies: £ ■ d National Bank (£5 paid) 6 2 0 Australian Consolidated Industries 1 16 0 . G. J. Coles (ex rights) 3 12 6 Electrolytic Zinc (pref.) 2 11 6| South Broken Hill 1 7 0 North Broken Hill 2 6 6 Mount Lyell 1 6 6