MONEY AND MARKETS

Southland Times, Issue 24004, 20 December 1939, Page 3

MONEY AND MARKETS

GOVERNMENT SECURITIES WANTED ON INVERCARGILL EXCHANGE

Strong support continued to come for Government securities on the Invercargill Stock Exchange yesterday. Banks were quiet with no marked change in price. Insurance companies’ shares were very firm. Commonwealth industrials were inactive and quiet. Overseas mining stocks had a dull market. A sale of Associated Gold Dredging shares at 10/- was reported.

Quotations were as follows:— "GOVERNMENT DEBENTURES Buyer Seller £sd £ s d

North Broken Hill 2 11 0 Electrolytic Zinc (ord.) 3 3 0 3 5 0 Gillespie’s Beach 0 0 10 Mount Morgans 0 10 0 Nokomai 0 2 0 Okarito 0 2 9

AUCKLAND

Stock, 4 p.c., 1940-43 99 10 0 Stock, 4 p.c., 1943-46 99 0 0 Bonds, 4 p.c., 1943-46 99 0 0 Stock, 4 p.c., 1946-49 98 10 0 Bonds, 4 p.c., 1946-49 98 10 0 Stock, 4 p.c., 1949-52 / 98 0 0 Stock, 4 p.c., 1952-55 96 10 0 Bonds, 4 p.c., 1952-55 96 10 0 — BANKS Commercial 0 16 0 — E.S. and A. Bank 4 15 0 - National of New Zealand 2 4 6 New Zealand 2 0 6 Union of Australia 8 1 0 — BREWERIES N.Z. Breweries 1 16 3 1 17 0 COAL Kaitangata 1 10 0 — Westport Coal 1 3 9 ■ . Westport Stockton (ord.) — . 0 3 10 (pref.) 0 8 0 — INSURANCE National 0 18 6 —_____ New Zealand . 2 19 9 .. South British 2 7 3 _______ Standard 2 18 0 — LOAN AND AGENCY Goldsbrough, Mort and Co. 111 6 National Mortgage B 1 1 0 — MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 19 3 (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 0 17 Kaiapoi (pref.) 0 15 6 Mosgiel 9 7 6 Bonds Hosiery 1 1 6 — MISCELLANEOUS Australian Consolidated 2 2 0 Broken Hill Pty. — 4 6 6 G. J. Coles 4 1 9 D.l.C. (pref.) 1 1 6 .... '. — Dominion Fertilizer 1 6 3 Dominion Rubber Co 1 3 3 Donaghy’s Rope and Twine 2 8 0 Dunlop Rubber (Aust.) 1 1 0 —. McLeod Bros.’ Soap . n — 27 0 0 Milburn Lime and Cement 1 18 6 .. ■..... N.Z. Drug 3 15 0 — Felt and Textiles 2 0 0 ■■ N.Z. Farmers’ Fertilizers 0 18 0 . .1—1.1— N.Z. Guarantee Corporation — 0 4 0 N.Z. Paper Mills 1 8 6 Otago Daily Times 2 0 0 Permanent Building Society 5 15 0 . ' - Woolworths Ltd. 1 5 0 1 5 3 Woolworths (N.Z.) 0 16 0 Woodworths Properties Ltd. 1 5 3 — MINING Broken Hill South 1 12 0 —

£ s d Stock 1940-43 4p.c. 100 10 0 Commercial Bank of Aust. 16 3 Bank of N.Z. (2) 2 0 3 National Insurance 18 9 N.Z. Insurance 3 0 9 Farmers’ Auctioneering (B pref.) 18 0 Guarantee Corporation 3 10 Rotoiti Timber 3 Z Bonds Hosiery 1 2 0 Kaiapoi 13 0 Broken Hill Propty. (2) 4 6 0 Farmers’ Trading 17 0 do. (A pref.) 1 1 0 do. (B pref.) 19 1 Gear Meat 14 0 do. 14 3 G. J. Coles 4 3 6 N.Z. Drug 3 16 0 Northern Roller Mills 19 0 Woolworths (Syd.) 1 4 10 Mount Lyell 1 12 1 do. 1 12 2 Mount Morgan 9 5 Rawang Tin 12 0 Overseas List Woolworth’s Holdings (S.A.) (ex div.) 15 8 WELLINGTON £ s d 4p.c. Stock 1943 (Mon.) 100 2 6 Gear Meat (Mon.) 14 3 Northern Roller Mills (Mon .) 19 0 4 p.c. Stock 1958 (3) 98 17 6 Bank of N.Z. 2 0 3 National Insurance 18 6 N.Z. Refrigerating (2) 19 7 Bonds Hosiery 1 2 0 Gear Meat 14 0 Union Steam (pref.) 1 5 8 Tooth and Co. (2) 2 18 0 G. J. Coles (2) 4 3 6 N.Z. Drug 3 16 3 N.Z. Paper Mills 1 8 6 Morris Hedstrom 1 9 6 Woolworths (N.Z.) 16 7 Woolworths Ltd. (3) 1 4 9 Mount Lyell 1 13 0 CHRISTCHURCH £ s d Bank of N.Z. 2 0 2 Broken Hill Propty. (2) 4 4 9 Mount Lyell (3) 1 12 3 Ngahere (def.) (3) 1 0 0 Sales Reported N.Z. Refrigerating (£1 paid) 19 6 do. (10/- paid) 9 2 Broken Hill Propty. (cum rights) (Mon.) (3) 4 5 6 do. (cum rights) 4 5 6 Farmers’ Trading (B pref.) 18 11 Mount Lyell 1 12 0 Arahura 1 15 0 Kanieri (2) 1 13 6 Unlisted Stock Aust. Motorists Petrol 12 9, R.U.R. (N.Z. pref.) 1 0 o’ DUNEDIN £ s d Bank of N.Z. (Mon.) 2 0 3 N.Z. Refrigerating (paid) 19 6 do. 19 7 Dominion Fertilizer 1 .6 6 N.Z. Drugs (Mon.) 3 15 0 Rawang Tin 12 3 SYDNEY (Received December 19, 9.30 p.m.) SYDNEY, December 19. Sharp advances in metal and Barrier stocks were noted on the Stock Exchange today. Sales were: £ s d Bank of N.S.W. 26 17 0 Commercial Bank of Aust. 14 6

Bank of Australasia 7 15 0 Colonial Sugar 49 2 6 Tooth’s Breweries 2 13 3 do. (N.Z. Delivery) 2 13 3 G. J. Coles 3 13 6 Woolworths 1 1 74 Consolidated Industries 1 18 3W. R. Carpenter 2 3 0 Electrolytic Zinc 3 0 0 Mount Lyell 1 10 6 Broken Hill Propty. 3 18 9 do. (N.Z. delivery) 2 18 6 Taranaki Oil 4 3 Arahura 1 13 6 Morning Sales Commercial Bank of Aust. 14 8 Tooth’s Breweries 2 13 6 Aust. Consolidated Industries 1 18 0

Broken Hill Propty. 3 18 6 Drug Houses 1 7 4i Electrolytic Zinc 3 0 9 MELBOURNE Sales were: £ s d National Bank (£5 paid) 5 17 6 do. (£10 paid) 12 4 0 Carlton Brewery 3 5 0 Woolworths 1 1 9 Imperial Chemicals (pref.) 1 2 0 Bradford Cotton 2 8 6 Mount Morgan 8 9 Electrolytic Zinc 3 0 9 do. (pref.) 3 3 0 Broken Hill North 2 8 0 Broken Hill South 1 10 3