MONEY AND MARKETS

Southland Times, Issue 23942, 7 October 1939, Page 3

MONEY AND MARKETS

INQUIRY FOR GOVERNMENT LOANS ON INVERCARGILL EXCHANGE

Government loans continued to attract attention on the Invercargill Stock Exchange yesterday, all 4 per cent, issues being sought after. Banks remained quiet, there being little buying activity. Commonwealth Industrials showed no change, while mining stocks were very dull. A sale of 1946 4 per cent, stock at £9B was reported.

Quotations were as follows:—

AUCKLAND

Taranaki Oil Developments 1 7 WELLINGTON

CHRISTCHURCH

SYDNEY (Received October 6, 10.30 p.m.) SYDNEY, October 6. Trading on the Sydney Stock Exchange today produced no definite trend in industrial shares, the prices of which remain comparatively unaltered. The tone of the market, generally, was firm.

GOVERNMENT DElliNTURES Buven £ s d Sellers £ s d Stock, 3J p.c., iyjy-40 Stock, 4 p.c., iy4o-4b Bonds, 4 p.c., 1943-46 98 0 0 -.1 ■ " ■ ■■ Stock, 4 p.c.. iy4b-4y Bonds, 4 p.c., 1946-49 98 0 0 Stock, 4 p.c., 1952-55 96 0 0 i Bonds. 4 p.c., 1952-55 96 0 0 Stock, 3| p.c., 1941-43 96 10 0 — BANKS Commercial 0 14 6 0 15 0 National of New Zealand —, 2 5 0 New Zealand 1 18 9 — BREWERIES N.Z. Breweries 1 13 6 1 14 6 COAL Westport Coal l.Q 9 Westport Stockton j (ord.) 0 4 1 (pref.) 0 8 0 ! INSURANCE National 0 16 7 0 17 0 New Zealand 2 13 6 — Standard 2 14 0 — LOAN AND AGENCY Goldsbrough, Mort i and Co. 1 10 6 National Mortgage — 1 18 0 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 16 6 (10/- paid) 0 8 1 — Southland Frozen Meat 1 7 6 1 8 6 SHIPPING Howard Smith 1 2 0 Union Steam Ship Co. (pref.) 1 4 9, P. & O. Stock 1 4 6 — WOOLLEN MILLS Bruce 0 10 0 — Mosgiel 9 5 0 — Oamaru 0 15 0 MISCELLANEOUS Australian Consolidated Industries 1 15 0 — Broken Hill Pty. 3 11 9 3 13 0 Colonial Sugar Co. — 49 0 0 G. J. Coles 3 9 6 D.IC. (ord.) — — 0 14 6 Dominion Fertilizer 1 4 0 1 4 9 McLeod Bros' Soap — 28 5 0 Milburn Lime and Cement 1 15 0 — N.Z. Drug 3 7 9 —— Otago Daily Times — 2 0 6 Wilson’s (N.Z.) Cement 0 17 0 — Woolworths Ltd. 1 2 1 Wbolworths Properties Ltd. 1 1 9 — MINING Big River 0 0 6 0 1 0 Electrolytic Zinc (ord) Mount Lyell 1 10 0 — Mount Morgans 0 9 6 Nokomai 0 1 6 0 1 11 Okarito 0 3 0

£ s d Stock 1940-43 4p.c. 97 15 0 do. 1943-46 4p.c. 98 2 6 do. 1946-49 4 p.c. (2) 98 0 0 Amalgamated Brick (Auckland) 1944 98 0 0 E.S. and A. Bank 4 10 0 Bank of N.Z. 1 19 6 N.Z. Insurance 2 14 0 South British 2 4 8 do. 2 4 6 Westport Coal 1 1 0 Auckland Gas 15 0 N.Z. Breweries 1 15 3 A.C.I. 1 16 6 Broken Hill Propty. 3 12 6 do. 3 13 0 Colonial Sugar 48 15 0 do. 48 10 0 G. J. Coles , 3 10 3 Wilson's Cement 17 3 Woolworths (N.Z.) 17 6 Loloma (3) 1 5 3 Emperor 10 8 Mount Lyell 1 10 9 Unofficial List

£ s d 4 p.c. Stock 1958 97 10 0 E.S. and A. Bank 4 9 6 Wellington Gas (ord.) (2) 1 8 0 Broken Hill Propty. 3 12 6 Mount Lyell 1 10 9

£ s d 4 p.c. Stock 1943-46 98 12 6 Westport Coal 1 1 1 Broken Hill Propty. (3) 3 13 0 Electrolytic Zinc 2 17 3 Woolworths (Syd., ord.) (3) 1 2 6 Moonlight Goldfields 5 __ Sales Reported 4 p.c. Inscribed 1943-46 (Thurs.) 98 10 0 Broken Hill Propty. 3 13 1 Electrolytic Zinc (3) 2 17 3 do. (2) 2 17 0 Mount Lyell 1 11 3 DUNEDIN £ a Broken Hill Propty. 3 12 9 Morts Dock 15 0 Electrolytic Zinc (ord.) 2 17 0 Mount Lyell 1 10 9

Sales: £ s d Bank of New South Wales 26 18 6 Commercial Banking of Sydney 17 5 0 Bank of Australasia (ex div.) 7 10 6 Colonial Sugar 45 n 0 United Insurance 10 0 British Tobacco 2 5 0 Tooth’s Breweries 2 9 0 Woolworths 1 1 l‘,i Australian Consolidated Industries : 1 15 4 Morts Dock 15 0 Claude Neon 1 6 0 W. Adams 11 9 Electrolytic Zinc 2 13 0 Zinc Corporation 1 4 3 Broken Hill Propty. 3 7 3 Broken Hill South 1 8 0 Mataki Gold 4 MELBOURNE Sales: £ B a Goldsbrough Mort 1 8 4 Dunlop Perdriau Rubber 17 4 Broken Hill Propty. 3 7 0 Broken Hill North 2 7 0 Mount Morgan 9 1 Emperor 9 9