MONEY AND MARKETS

Southland Times, Issue 24027, 18 January 1940, Page 2

MONEY AND MARKETS

INDUSTRIAL LINES SOUGHT ON INVERCARGILL EXCHANGE

The inquiry for sound Dominion and Commonwealth industrials was quite a healthy one, on the Invercargill Stock Exchange yesterday. Government loans continued to show strength and supplies were hard to procure. There wag a firmer market for most of the overseas mining stocks.

Quotations were as follows:

MINING Broken Hill South 113 6 115 0 North Broken Hill 212 0 —- Electrolytic Zinc (ord.) 3 6 0 (pref-) 3 7 0 ———— Gillespie’s Beach 0 0 10 Mount Lyell 1 12 3 - Mount Morgans 0 9 9 Nokomai 2 1? Okarito 0 2 fa Taranaki Oil Fields 0 6 0 Rawang Tin 0 12 3 SALES REPORTED Riverton Borough debentures, 1955, £4/12/- per cent., £99/10/-. New Zealand Farmers’ Fertilizers, 5£ per cent, pref., 19/9. 1946 Government Stock, 4 p.c., £lOO.

AUCKLAND

WELLINGTON

CHRISTCHURCH

SYDNEY (Received January 17. 10.50 p.m.) SYDNEY, January 17. The Stock Exchange opened quietly today, but livened up at the afternoon call, when Mount Lyell shares were in demand and recorded a substantial rise. Sales:—

GOVERNMENT DEBENTURES Buyer Seller £ s d £ s d Stock, 4 p.c., 1940-43 100 0 0 ■■■■■ --—— Stock, 4 p.c., 1943-46 100 0 0 Bonds, 4 p.c., 1943-46 100 0 0 Stock, 4 p.c.. 1946-49 100 0 0 Bonds, 4 p.c., 1946-49 100 0 0 Stock, 4 p.c., 1949-52 99 0 0 Stock, 4 p.c., 1952-55 99 0 0 Bonds, 4 p.c., 1952-55 99 0 0 Stock, 4 p.c., 54-58 98 0 0 — BANKS Commercial 0 16 0 0 16 6 E.S. and A. Bank 4 15 0 National of N.Z. 2 2 0 2 3 6 New South Wales 30 0 0 New Zealand 2 0 6 ■ Union of Australia 8 0 0 — BREWERIES Dominion Brewery 1 12 0 — N.Z. Breweries 1 17 3 • COAL Westport Coal 1 3 9 ■1 1 ■— Westport Stockton (ord.) 0 3 6 (pref.) 0 8 3 — INSURANCE National 0 18 3 0 18 9 New Zealand 3 0 6 - South British 2 9 0 -- — Standard 2 18 0 — LOAN AND AGENCY Goldsbrough, Mort and Co. 1 12 0 National Mortgage B 1 2 6 Trustees’ Executors (Dunedin) 4 0 0 Wright, Stephenson (pref.) — 0 19 0 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 19 8 1 0 3 (10/- paid) 0 9 3 — SHIPPING Union Steam Ship Co. (pref.) 1 5 9 — WOOLLEN MILLS Bruce 0 16 0 Kaiapoi (pref.) 0 15 0 Mosgiel 9 10 0 - - Bonds Hosiery 1 2 0 —— MISCELLANEOUS Australian Consolidated Industries 2 3 0 — Australian Iron and Steel 1 8 0 Broken Hill Pty (cum rights) 4 7 9 — British Tobacco (Aust.) 2 13 6 — G. J. Coles D.I.C. (pref.) 1 1 6 Dominion Fertilizer 1 6 3 Dominion Rubber Co. ————— 1 3 6 Donaghy’s Rope and Twine 2 « 6 —— 1 Dunlop Rubber (Aust.) 1 1 3 — McKenzie’s Dep. Stores Ltd. 2 0 0 - ■— McLeod Bros/ Soap — 27 10 0 Milburn Lime and Cement 1 18 9 — N.Z. Drug 3 16 9 — N.Z. Guarantee Corporation 0 4 0 Otago Daily Times Permanent Building Society 5 16 0 Woolworths Ltd. 1 5 3 Woolworths (N.Z.) 0 16 4 — Woolworths Properties Ltd. 1 5 0 —

£ s d Newmarket Borough 1951 4)4 p.c. 101 0 0 National Insurance 18 6 South British 2 10 0 do. 2 10 6 N.Z. Sugar 3 10 Taupiri Coal 19 0 Pukemiro Collieries 16 6 Kaiapoi 13 1 N.Z. Breweries 1 17 7 British Tobacco 2 14 0 Broken Hill Propty. (ex bonus) 2 16 3 Bycroft (Tues.) 1 19 0 Consolidated Brick 9 0 Electrolytic Zinc 2 6 6 Farmers’ Trading (A pref.) 1 1 0 Gear Meat 14 3 McKendrick Bros, (ord.) 18 0 Woolworths (N.Z.) (2) 16 7 Taranaki Oil Developments 2 5 Loloma 1 17 6 Wellington Alluvials 4 9 Mount Lyell 1 13 4 Unofficial List Una Hill (2) 1 9

£ s d 4 p.c. Stock 1943 100 18 9 4 p.c. Stock 1948 101 2 6 4 p.c. Stock 1958 (3) 100 2 6 Commercial Bank of Australia 1 3 Bank of N.Z. 2 0 9 Wairarapa Farmers (pref.) 5 0 N.Z. Guarantee Corporation 3 10 South British Insurance 2 10 6 Tooth and Co. 2 18 0 Mount Morgan 9 6

£■ s d Bank of N.Z. (3) 2 0 9 Broken Hill Propty. (ex bonus) 2 15 0 Electrolytic Zinc (pref., cum div.) 3 8 6 Wilcox Mofflin 7 8 Woolworths (Syd., ord.) 1 5 6 Ngahere 1 9 6 do. 1 9 7 Sales Reported Commercial Bank of Australia (cum div.) 16 3 Commercial Banking of Sydney (cum div.) ,» 20 10 0 Bank of N.Z. (Tues.) 2 0 9 Canterbury Frozen Meat 9 15 0 Broken Hill Propty( ex bonus) 2 15 0 Wilcox Mofflin 7 8

Woolwbrths (Syd., ord.) (Tues.) 1 5 5 Broken Hill South 1 14 3 DUNEDIN £ s d National Bank of N.Z. 2 2 3 N.Z. Refrigerating (cont.) 9 6 Woolworths (Syd.) 1 5 6 Electrolytic Zinc (ord.) 3 6 6 do. 3 7 0 Mount Lyell 1 13 0

£ s d Goldsbrough Mort 1 7 6 Toohey's Breweries 1 9 4>/a Howard Smith 1 4 0 Broken Hill Propty. 2 10 3 Henry Jones 2 9 0 Emperor 14 6 MELBOURNE £ d G. J. Coles 3 16 6 National Bank (£5 paid) 6 19 6 Mount Morgan 8 7 New Broken Hill 1 1 0 British Tobacco 2 10 0 Carlton Brewery 3 8 9