MONEY AND MARKETS

Southland Times, Issue 24003, 19 December 1939, Page 3

MONEY AND MARKETS

GOVERNMENT SECURITIES SOUGHT ON INVERCARGILL EXCHANGE Strong support continued to come for Government securities on the Invercargill Stock Exchange yesterday. Banks were quiet with limited inquiry. Commonwealth industrials were inactive. Some New Zealand issues were firmer. Drugs advanced to £3/14/6 and Dominion Fertilizers to £l/6/-. A sale of Napier Borough 4| per cent, debentures maturing in 1960 was reported at £99/10/-. Quotations were as follows:—

Hedge Fire f The Invercargill Fire Brigade was called out at 9.36 o’clock last night to a hedge fire at 72 Forth street. About 20 feet of the hedge was burned, but no damage was done to other property. Express Arrives Late Because of heavy railway traffic the express from Dunedin die not reach Invercargill until 1.50 yesterday afternoon. Its scheduled time of arrival is 1.5 p.m.

GOVERNMENT DEBENTURES Buyer Seller £ s d £ s d Stock, 4 p.c., 1940-43 99 12 6 Stock, 4 p.c., 1943-46 99 10 0 Bonds, 4 p.c., 1943-46 99 10 Stock, 4 p.c., 1946-49 98 10 0 Bonds, 4 p.c., 1946-49 98 10 0 Stock, 4 p.c., 1949-52 97 5 0 Stock, 4 p.c., 1952-55 96 10 0 Stock, 4 p.c., 1954-58 97 0 0 ■ — BANKS Commercial 0 16 0 E.S. and A. Bank 4 16 0 National of New Zealand 2 4 6 New Zealand 2 0 6 Union of Australia 8 0 0 — BREWERIES N.Z. Breweries 1 16 3 1 16 11 COAL Westport Coal 1 3 9 ■ Westport Stockton (pref.)) 0 7 10 — INSURANCE National 0 18 6 0 19 0 New Zealand 2 19 6 - South British 2 7 6 ■ Standard 2 18 0 LOAN AND AGENCY Goldsbrough, Mort and Co. 111 6 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 19 9 ■ (10/- paid) 0 9 2 ■ — Southland Frozen Meat 1 11 0 1 12 0 SHIPPING Union Steam Ship Co. (pref.) 1 5 6 —— WOOLLEN MILLS Bruce 0 16 0 — Kaiapoi (pref.) 0 15 6 Mosgiel 9 7 6 Bonds Hosiery 1 1 6 — MISCELLANEOUS Australian Consolidated 2 2 0 ■ Broken Hill Pty. 4 5 0 4 6 6 British Tobacco (Aust.) 2 14 9 D.I.C. (pref.) 1 1 b Dominion Fertilizer 1 6 0 Dominion Rubber Co. 1 3 0 Donaghy’s Rope and Twine 2 8 McKenzie's Dept. Stores. Ltd, 2 2 0 McLeod Bros.’ Soap 27 0 0 Milburn Lime and Cement 1 18 6 N.Z. Drug 3 14 6 N.Z. Farmers’ Fertilizers 0 17 6 —— N.Z. Guarantee Corporation 0 4 0 N.Z. Paper Mills 1 8 0 — Otago Daily Times 2 0 Permanent Building Society 5 15 0 ■■ ■ — Woolworths Ltd. 1 5 3 MINING Broken Hill South 1 12 3 — Electrolytic Zinc (ord) 3 3 6 3 5 0 Gillespie’s Beach' 0 0 10 Mount Lyell 1 13 6 Mount Morgans 0 10 0 Nokomai 0 2 0 Austral (N.Z.) 16 6 UNLISTED Associated Motorists’ Petrol (pref.) —— 1 7 0 AUCKLAND £ 8 d Stock 1940-43 4 p.c. 100 5 0 do. 1949-52 4 p.c. 98 10 0 do. 1952-55 4 p.c. 98 10 0 New Lynn 1955 4 J p.c. 96 10 0 Auckland Power Board 1945 4| p.c. 101 0 0 Bank of N.Z. 2 0 3 Auckland Gas 17 1 Bonds Hosiery 1 2 0 Dominion Breweries 1 10 9 do. (rights) 6 3 A.C.I. 2 3 6 do. (cont.) (odd lot) 18 0 G. J. Coles 4 3 6 Taranaki Oil 5 1 do. 5 0 WELLINGTON £ s d Bank of N.Z. (D long term) ' (Fri.) 1 6 6 do. (2) (Fri.) 1 6 6 Bank of N.S.W. (Fri.) 30 10 0 Bank of N.Z. (Fri.) 2 0 3 Wilson’s Cement (Fri.) 18 2 Bank of N.Z. 2 0 4 N.Z. Guarantee Corp. 3 10 Broken Hill Propty. (2) 4 5 9 Consolidated Brick 8 8 Felt and Textiles 2 -1 0 Taranaki Oil 5 1 Wool worth’s Properties 1 5 8 Woolworths Ltd. 1 4 9 Woolworths (N.Z.) 16 7 N.Z. Refrigerating 19 7 Colonial Sugar 56 5 0 CHRISTCHURCH £ s d N.Z. Refrigerating (£1 paid) 19 6 Kaiapoi Woollens (17/- paid) 12 11 Broken Hill Propty. (cum rights) 4 4 0 Electrolytic Zinc (ord.) 3 5 0 do. 3 4 10 do. 3 .4 6 Morts Dock 18 6 Grey River 18 2 Ngahere (deferred) (4) 1 0 0 New River 10J Sales Reported N.Z. Government 4 p.c. Stock 1954-58 98 15 0 Bank of N.Z. 2 0 2 P. and O. (defd. stock) 1 6 6 N.Z. Breweries (2) 1 16 6 Broken Hill Propty. (cum rights) 4 5 9 do. 4 4 3 do. 4 4 6 Farmers’ Trading 17 0 Woolworths (N.Z.) 16 6 Grey River 18 3 Unlisted Stock Associated Gold Dredges (7/4J paid) 10 0 R.U.R. (N.Z. pref.) 1 0 0

DUNEDIN £ s d Bank of N.Z. 2 0 6 Refrigerating (paid) 19 6 Westport Stockton (ord.) 3 7 Dominion Fertilizer (2) 1 6 6 SYDNEY (Received December 18, 9 p.m.) SYDNEY, December 18. The Sydney Stock Exchange today was quiet, but several leading industrials were firmer. Sales were: £ s d Farmers 1 8 0 Kuala Kampar 18 9 Tooth’s Breweries 2 13 3 Broken Hill 3 17 6 Arahura 1 13 6 Zinc Corporation 4 3 6 W. R. Carnenter 2 2 6 Colonial Sugar 49 2 6 Burns Philp Australian Consolidated In2 14 0 dustries 1 18 0 Union Bank 6 17 0 Kanieri 1 13 0 MELBOURNE Sales were: £ s d Loloma 1 5 9 Mount Lyell 1 9 6 Myer 1 11 9 Broken Hill North 2 6 3