MONEY AND MARKETS

Southland Times, Issue 23921, 13 September 1939, Page 3

MONEY AND MARKETS

RISE IN PRICE OF METALS ON INVERCARGILL EXCHANGE Another rise took place in the price of metal companies’ shares on the Invercargill Stock Exchange yesterday. There was a very quiet tone for Commonwealth industrials. Buyers for banks and insurance companies’ shares were not on the market. Quotation? were called as follows:— I —

SYDNEY (Received September 12, 10.40 p.m.) SYDNEY. September 12. Heavy buying continued on the Stock Exchange today. The tone was firm throughout but In some cases prices were lower. Mining shares were again most active.

REGULATIONS REPEALED IN MELBOURNE (United Press Association), WELLINGTON, September 12. Advice has been received by the Wellington Stock Exchange that the Melbourne Stock Exchange has repealed, as from today, the short selling regulations in so far as . they apply to mining companies and bona fide arbitrage shares of any description. COMPANY NEWS ■ N.Z. PETROLEUM GISBORNE,' September 12. The New Zealand Petroleum Company advises that the Totangi No. i bore has reached a depth of 5090 feet There is no change in formation.

GOVERNMENT DEBENTURES Buyers Sellers £ s d £ s d Stock, 3J p.c., 1939-43 99 15 0 Stock. 4 p.c.. 1943-46 98 10 0 Bohds. 4 p.c., 1943-46 98 10 0 Stock, 4 p.c.. 99 10 0 1946-49 Bonds, 4 p.c., 1946-49 99 10 0 BANKS Australasia 9 5 0 Commercial 0 15 6 New Zealand 1 18 9 Union of Australia 7 17 0 BREWERIES New Zealand Breweries 1 16 0 COAL Kaitangata 18 6 Westpbrt Coal 1 0 9 — Westport Stockton (ord.) 0 4 0 INSURANCE National 0 17 0 Standard 2 15 0 LOAN AND AGENCY National Mortgage 2 0 0 Wright, Stephenson (pref.) 0 19 0 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 15 6 (10/- paid) 0 8 0 — South Otago Freezing Co. 4 8 0 SHIPPING Union Steam Ship Co. (pref.) 1 4 6 . P. and 0. Stock 1 4 0 — WOOLLEN MILLS Bruce (pref.) 0 18 0 - Mosgiel 9 2 6 MISCELLANEOUS Australian Consolid1 15 0 ated Industries Broken Hill Pty. 3 10 0 3 12 0 G. J. Coles 3 11 0 D.I.C. (pref.) 1 1 6 Dominion Fertilizer 1 3 6 —— Donaghv’s Rope and Twine —— 2 9 0 Dunlop Rubber 0 19 6 (Aust.) McLeod Bros’ Soap 28 5 0 New Zealand Drug 3 7 6 3 8 6 N.Z. Paper Mills 16 3 Otago Daily Times — 2 0 6 Permanent Building Society 5 16 0 Woolworths Ltd. 12 6 Woolworths Properties Ltd. 15 0 MINING Broken Hill South 1 10 0 — North Broken Hill 2 9 0 — Big River 0 10 Electrolytic Zinc (ord.) 2 16 0 (pref.) 2 17 0 0 0'10 Gillespie’s Beach Goldfields Dredging 0 0 2 Mount Lyell 1 12 6 1 14 6 Mount Morgans 0 10 10 0 11 3 AUCKLAND £ s d Bonds 1943-46 4 p.c. (2) 98 5 0 Stock 1940-43 4 p.c. (2) 99 10 0 do. 1943-46 4 p.c. do. 1939-43 3‘/ 2 p.c. 98 5 0 99 5 0 Standard Insurance 2 14 0 Auckland Gas (3) 15 0 A.C.I. 1 17 0 do. (rights) 3 4 do. 3 6 do. 4 0 do. 3 11 do. 4 2 do. (2) 4 3 Broken Hill Propty. 3 14 6 Wilson's Cement 16 6 Woolworths (Syd.) 12 9 do. 13 6 Waihi Investments 6 6 Broken Hill South 1 13 6 Mount Lyell \ 1 15 0 do. 1 15 3 Unofficial List Metters(N.Z-) 14 0 WELLINGTON £ s d 4 p.c. Stock 1958 (Mon.) 96 0 0 Australian Consolidated Industries (rights) (Mon.) (2) 4 2>/ 2 do. (Mon.) 4 4 Broken Hill Propty. (Mon.) 3 11 0 do. (Mon.) 3 11 9 do. (Mon.) 3 12 0 Dunlop Rubber (Mon.) 19 0 Electrolytic Zinc (ord.) (Mon.) 3 0 0 4 p.c. Stock 1946 97 10 0 4 p.c. Stock 1940-43 99 7 6 Wellington Gas (pref.) 10 3 Carlton Brewery 3 10 0 Australian Consolidated Industries 1 17 0 do. (rights) 4 0 W’oolworths Ltd. (4) 12 6 Waihi Investments 6 6 Mount Morgan 11 2 Unofficial List Metters (N.Z.) 14 2 CHRISTCHURCH £ s d Goldsbrough Mort 19 9 Tooth’s Brewery 2 11 9 Australian Consolidated Industries (rights) 4 6 .•’■■■ do. 4 7 British Tobacco (ex div.) 2 8 9 Broken Hill Propty. 3 13 0 do. 3 13 6 do. 3 13 9 ' do. (4) 3 14 0 Woolworths (Syd., ord., cum div.) 13 0 Mount Morgan (2) 11 0 Rawang Tin 10 0 Sales Reported N.Z. Government 4 p.c. Inscribed .1949 98 10 0 Australian Consolidated Industries (rights) 4 7 Electrolytic Zinc (pref.) 3 2 0 Broken Hill South 1 13 9 Mount Lyell 1 14 1 do. 1 15 3 North Broken Hill 2 14 6 do. 2 14 3 Bank of N.Z. 1 18 0 do. 1 17 9 Tooth’s Brewery (2) 2 11 9 Woolworths. (Syd.) 12 0 do. (5) 13 0 DUNEDIN £ a d 4 p.c. Stock 1940-43 99 10 0 Bank of N.Z. 118 0 Standard Insurance 2 14 0 A.C.I. (rights) 4 0 Broken Hill South 1 13 0 Electrolytic Zinc (pref.) 3 10 Mount Lyell 1 14 6 Mount Morgan 11 0 Nokbfnai 1 9 North Broken Hill 2 14 3 do. 2 14 0

Sales: — £ b d Bank of New South Wales 26 15 0 .

Commercial Bank of Sydney 17 0 .0 Commercial Bank of Australia 14 2 Associated Newspapers 16 l’/ 2 Burns Philp 2 11 6 British Tobacco 2 7 3 Tooth’s Brewery 2 11 0 Toohey's Brewery 1 7 0 Carlton Brewery 3 4 0 Woolworths 1 2 6 David Jones 1 11 3 Anthony Hordern 13 1 Morts Dock 16 6 Australian Consolidated Industries 1 14 0 Atkins 1 2 0 W. Adams 13 3 Felt and Textiles 1 9 4>,i Sargents 1 7. 6 W. R. Carpenter 2 0 6 Goldsbrough Mort 1 8 6 Wilcox MoiTlin 7 2 Colonial Sugar 44 2 6 Electrolytic Zinc 2 15 0 Mount Morgan 10 5 Mount Lyell 1 11 7>/ 2 Zinc Corporation 4 12 0 Broken Hill Propty. 3 8 9 New Broken Hill 18 0 Broken Hill North 2 10 0 Broken Hill South 1 10 3 MELBOURNE Sales: £ 8 <1 Mount Morgan 10 8 Broken Hill North 2 10 3 Broken Hill South 1 10 4 Herald and Times 2 17 6 G. J. Cole 3 7 3 Broken Hill Propty. 3 8 3 Hume Pipe 18 0 National Bank (£5 paid) 5 15 0