STATE LOANS IN DEMAND

Southland Times, Issue 24109, 24 April 1940, Page 3

STATE LOANS IN DEMAND

INVERCARGILL STOCK EXCHANGE BANKING SHARES SHOW NO CHANGE The demand for Government securities covered a wide range on the Invercargill Stock Exchange yesterday. Banking shares showed no change, the inquiry being .'ery limited. A firm tone came for Frozen Meat shares, South Otago moving up to £5/2/6. Woollens attracted some attention. Quotations were as follows:— GOVERNMENT DEBENTURES

Petrol (pref.) 16 9 '■■■' 2 y 1 SALES ELSEWHERE \ i DUNEDIN Sales on Change.—National Insurance 19/9 (2); 4 p.c. Stock 1949-52 £lO5/15/-. CHRISTCHURCH ? Sales on Change.—Kaiapoi Woollens (17/- f paid) 15/1; do. 15/-; do. 14/11; Beath and Co. » (2) 16/-. Sales Reported.—National Bank of N.Z. - £2/6/-. S WELLINGTON £ t Sales Late Monday.—3>/z p.c. Stock 1957 ® (2) £lOO/10/-; Mac Duffs (ord.) 7/3. £ Sales Yesterday.—3’/ 2 p-c. Stock 1957 £lOO £ 10/-; Wellington Trust Loan £5/2/6; MacDuffs (ord.) 7/3; National Electric 18/-; 4 p.c. *- Stock 1952 £lO6/2/6. " AUCKLAND * Sales on Change.—Bonds 1943-46 4 p.c. £lO3/5/-; do. 1945-49 4 p.c. £lO3/5/-; Stock 1953-57 3/ 2 P-c. £lOO/10/-; do. 1952-55 4 p.c. £106; do. 1954-58 4 p.c. £lO6/17/6; National Bank of N.Z. £2/5/9; Bank of N.Z. £2/3/10; N.Z. Insurance £3/5/3; Northern Roller Mills (ord.) £l/0/3 do. (2) £l/0/3; Wilson’s Cement £l/0/3. .

SYDNEY (Received April 23, 10.30 p.m.) SYDNEY, April 23. The Sydney share market showed further strength today on limited dealings. Sales.—Bank of N.S.W. £27/15/-; Commercial Banking Co. of Sydney £l9/2/-; Colonial Sugar £52/12/; Woolworths £l/0/3; Morts Dock 17/-; Atkins £l/3/6; Sargents £l/8/9; John McGrath £l/16/9; Mauri Bros. £3/6/-; Broken Hill Propty. £2/6/9; Kanieri £l/8/-; Oil Search £l/8/-. MELBOURNE Sales. —Commercial Bank of Australia 15/2; Dunlop Perdriau 19/6; G. J. Coles £3/9/9; Associated Newspapers 17/7; Mount Lyell £l/10/6; Loloma £l/12/6.

Buyer Seller £ s d £ s d &10CK, a p.C., JU4U-4.) p.c., 1943-46 Stock, 4 102 10 Bonds, 4 p.c., 1943-4G 102 10 0 Slock, 4 p.c., 1946-49 103 0 0 Bonds, 4 p.c., 1946-49 103 0 Stock, 4 Stock, 4 p.c., 1949-52 p.c., 1952-55 105 105 0 10 0 Bonds, 4 p.c., 1952-55 105 10 Stock, 3', p.c., 1953-57 99 15 0 Stock, 4 p.c., 1954-5S 106 10 Stock, 4 p.c., 1948 104 0

LOCAL BODY DEBTS Bluff Harbour Board 103 0 0 — BANKS National of New Zealand 2 7 0 New Zealand 2 3 9 — *New Zealand Long "D” issue 1 3 0 BREWERIES 1 19 9 COAL Kaitangata 1 12 3 — Westport Coal 1 4 9 — Westport Stockton (ord.) 0 2 7 — (pref.) 0 7 6 INSURANCE National 0 19 9 — New Zealand 3 4 6 LOAN AND AGENCY Trustees' Executors (Dunedin) 4 1 0 Wright, Stephenson (ord.) 0 19 G (pref.) 0 18 6 — MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 19 9 — (10/- paid) 0 9 7 0 10 0 Southland Frozen Meat 1 13 0 — South Otago Freezing Co. 5 2 6 SHIPPING Union Steam Ship Co. (pref.) 1 6 9 WOOLLEN MILLS Bruce 0 17 0 — Kaiapoi (pref.) 0 17 0 — Mosgiel 11 9 Oamaru 0 18 0 Bonds Hosiery 1 5 0 —— Timaru 0 9 0 MISCELLANEOUS D.I.C. (pref.) 1 2 6 — Dominion Fertilizer 1 7 0 Dominion Rubber Co. 1 3 6 McDuffs Ltd. 0 8 0 McKenzie's Department Stores Ltd. 2 6 0 Milburn Lime and Cement 2 6 0 New Zealand Drug 4 1 0 — N.Z Paper Mills 1 11 0 Permanent Building Society 5 15 0 Southland Ice Cream 1 2 6 MINING Big River 0 0 6 0 1 0 Gillespie’s Beach 0 0 4 — — Nokomai 0 1 11 UNLISTED Associated Motorists'