STATE STOCKS IN DEMAND

Southland Times, Issue 24106, 20 April 1940, Page 3

STATE STOCKS IN DEMAND

INVERCARGILL STOCK EXCHANGE INSURANCE SHARES FIRM Government stocks and bonds were steady at late rates on the Invercargill Stock Exchange yesterday. Insurance shares were firm, all lines being in demand. Inquiry for banks’ shares were limited to a couple of lines. Very few quotations came for industrial companies’ shares. Quotations were as follows: —

SALES ELSEWHERE DUNEDIN Sales on Change. —Bank of N.Z. (Thurs.) £2/4/-; 4 p.c. Stock 1949-52 £lO6/2/6. CHRISTCHURCH Sales on Change.—Kaiapoi Woollens (17/paid) (2) 15/-; do. 15/2; Simpson and Williams £l/13/-; Grey River (2) 18/6. Sales Reported.—3>A p.c. Bonds 1953-57 £lOO/10/-; 4 p.c. Bonds 1955 £106; United Building £l/1/6; Auckland Gas 17/8; N.Z. Drug Co. £4/3/3; Simpson and Williams £l/12/6; Wilson's Cement £l/0/6; 4 p.c. Stock 1952-55 £lO6/5/-; do. £lO6. Unlisted Stocks, Sales Reported.—British

I Standard Portland Cement (5/- paid) 1/-. Sales on Change.—Langes Mobile Gas 10/6. WELLINGTON Sales Late Thursday.—3!i p.c. Stock 1957 £lOO/10/-; 4 p.c. Stock 1958 (2) £107; South British Insurance £2/10/6; Sharland (ord.) 17/-; do. (pref.) 17/-. Sales Yesterday.—4 p.c. Stock 1958 (2) £107; South British Insurance £2/10/9; do. £2/10/6; M.K. Manufacturers 6/-; Newton King (pref.) 9/11. AUCKLAND Sales on Change.—Stock 1953-57 3% p.c. £lOO/5/-; do. 1943-46 4 p.c. £lO3/5/-; do. 1949-52 4 p.c. £lO6/2/6; do. 1952-55 4 p.c. £lO6/10/-; Bank of N.Z. (2) £2/3/9; National Insurance 19/9; N.Z. Insurance £3 6/-; South British Insurance £2/10/6; Auckland Gas 17/10>/ 2 ; Newton King (pref.) (2) ic/-; N.Z. Drug £4/3/-; Northern Roller Mills £1; Golden Crown 7d. SYDNEY (Received April 19, 10 p.m.) SYDNEY. April 19. There was an easier tendency in the share market today because of very unsettled conditions locally and abroad. Buyers maintained a cautious attitude. Sales.—Bank of N.S.W. £27/13/-; Commercial Banking Co. of Sydney £l9/5/-; Australian Gas £6/11/-; Associated Newspapers 13/6; do. (pref.) 17/-; Huddart Parker £2/16/-; Consolidated Industries £l/16/4; Colonial Sugar £52/5/-; G. J. Coles £3/9/9; Newbold Brick £l/9/-; Woolworths 19/10; United Provisions 8/8; Arahura Gold £l/11/10; Mount Morgan 10/1.

MELBOURNE Sales.—Commercial Bank of Australia (pref.) £B/15/-; Imperial Chemicals (pref.) £l/3/11; Gordon and Gotch £2/3/-; Herald and Times £2/14/9; Nestles (pref.) £l/14/6; Mount Lyell £l/11/-; Broken Hill Propty. £2/6/-. GOVERNMENT SECURITIES (Received April 19, 6.30 p.m.)

GOVERNMENT DEBENTURES Stock, 4 p.c., 1943-46 Bonds, 4 p.c., 1943-46 Stock, 4 pc., 1946-49 Bonds, 4 p.c., 1946-49 Stock, 4 p.c., 1949-52 Stock, 4 p.c., 1952-55 Bonds, 4 p.c., 1952-55 Stock, 4 p.c., 1954-58 Buyer Seller £, s d & s d 102 15 0 102 15 0 102 15 0 106 0 0 106 0 0 106 0 0 106 0 0

LOCAL BODY DEBTS Bluff Harbour Board 103 0 Invercargill City 103 0 Southland County 103 0 BANKS National of New Zealand 2 7 6 3 New Zealand New Zealand Long "D’ issue 1 8 BREWERIES Dominion Brewery 1 15 1 19 6 N.Z. Breweries COAL Kaitangata 1 11 Westport Coal 1 4 Westport Stockton (ord.) 0 2 INSURANCE National 0 19 New Zealand 3 South British 2 10 Standard 3 2 LOAN AND AGENCY

Dalgety and Co. 7 6 0 — National Mortgage Trustees’ Executors (Dunedin) 4 10 — Wright, Stephenson (ord.) 0 13 3 MEAT COMPANIES Gear Meat Co. 0 14 6 N.Z. Refrigerating (20/- paid) 10 6 (10/- paid) 0 9 3 Southland Frozen Meat 1 13 0 South Otago Freezing Co. 5 10 SHIPPING Union Steam Ship Co. (pref.) 16 9 WOOLLEN MILLS Bruce 0 17 0 — Kaiapoi (ord.) Mosgiel 11 6 0 — MISCELLANEOUS Auckland Gas 0 17 0 D.I.C. (ord.) 0 12 6 Dominion Fertilizer 17 0 Dominion Rubber Co. 13 6 McDuffs Ltd. 0 8 0 McKenzie’s Department Stores Ltd. 2 5 3 Milburn Lime and Cement 2 6 6 New Zealand Drug 4 0 0 N.Z. Farmers’ Fertilizers (pref.) 12 0 N.Z Paper Mills 1 11 0 Otago Daily Times 2 0 0 Permanent Building Society 5 15 () Southland Ice Cream 12 3 MINING Big River 0 10 Gillesie's Beach 0 0 4 Nokomai 0 1 11

LONDON, April 18 d £ s Consols, ’ 72 0 0 Funding Loan, 4, 1960-90 109 0 0 War Loan, 3y 2 , 1952 99 0 0 Conversion Loan, 6y 2 , 1916 98 0 0 Victory Bonds, 4, 108 .0 0 Commonwealth, 5, 1945-48 104 12 6 Commonwealth, 4, 1943-48 100 7 6 Commonwealth, 3y 2 , 1948-53 99 7 6 Commonwealth, S’/s, 1956-61 92 0 0 Commonwealth, 3, 1955-58 88 5 0 New South Wales, 3>/ 2 , 1935-50 97 12 6 Victoria, 3, 1929-49 94 0 0 Victoria, 4%, 1940-60 101 5 0 Victoria, 5, 1945-75 104 10 0 Queensland, 3, 1942-47 100 12 6 South Australia, 3, 1916 (opt.) 76 0 0 South Australia, 5, 1945-75 104 5 0 West Australia, 4, 1942-62 99 15 0 Tasmania, 4, 1940-50 99 15 0 New Zealand, ty 2 , 1948-58 101 7 6 New Zealand, 3, 1948 94 17 6