SECURITIES IN DEMAND

Southland Times, Issue 24163, 27 June 1940, Page 3

SECURITIES IN DEMAND

INVERCARGILL STOCK EXCHANGE INDUSTRIAL SECTION QUIET Government loans continued to attract attention on the Invercargill Stock Exchange yesterday. Bank shares were unchanged. There was a buyer for one insurance line, South British being asked for at £2/3/-. The industrial section was quiet, there being few buyers about. The mining section is depressed. The following sales were reported: 4 per cent. Stock, 1946, 1949 and 1955 at £lO2/10/-; 3 per cent. Stock, 1939-41, at £lOO. Quotations were as follows:— GOVERNMENT DEBENTURES

Sales on ’Change.— 4 p.c. Stock 1940-43 (2) £101; 4 p.c. Stock 1946-49 (2) £103; 4 p.c. Stock 1949-52 £103; Bank of New Zealand £l/18/9, £l/18/6; Union Bank £6/10/-; Kaiapoi Woollen (ord.) 14/9. CHRISTCHURCH I Sales Reported.—New Zealand Insurance £2/14/6; Woolworths (N.Z.) 13/9; 3 p.c. Stock 1939-41 £lOO. WELLINGTON Sale (late Tuesday).—4 p.c. Stock 1952 £lO3. Sales (yesterday).—3’ z 4 p.c. Stock 1957 £lOO/10/-; 4 p.c. Stock 1943 £101: 4 p.c. Stock 1949 £lO2/17/6; 4 p.c. Stock 1952 £103; 4 p.c. Stock 1955 £lO2/15/- (2); do. 1955 £lO2/10/-; State Advances 3% p.c. 1955-60 £96/12/6; Franklin Electric Power Board 4'A p.c. 1963 £lO6/5/-; 3 p.c. Government Stock 1941 £100; Wellington Harbour Board 4> z 4 p.c. 1961 £lO5/12/6. AUCKLAND Sales on ’Change.—Bonds 1953-57 3’,4 p.c. £lOO/10/-; Rural Bonds 1947 4 p.c. £103; Stock 1953-57 3>/ 2 p.c. £lOO/10/-; do. 194952 4 p.c. £lO2/15/-; Auckland Drainage Board 1948-54 4‘/ 4 p.c. £lO2/10/-; Manurewa Town Board 1961 4‘A p.c. £lO3/10/-; Bank of New Zealand £l/18/9 (2); New Zealand Breweries £l/10/-; Dominion Breweries £1 9/-. SYDNEY (Received June 26, 6.30 p.m.) SYDNEY, June 26. Business on the Stock Exchange was light today, with little movement in prices. Sales: —Bank of New South Wales £24 14/-; National Bank (£lO paid) £lO/10/-; Commercial Bank of Australia 12/4; Associated News 10/11; Consolidated Industries £l/11/6; Tooth’s £2/4/-; Colonial Sugar £46/12/6; Australian Gypsum 15/-; Gordon and Gotch £l/14/6; Nestles (pref.) £l/10/3; Atkins £l/1/3; Electrolytic Zinc £2/3/-; Woolworths 14/-. MELBOURNE Sales.—Commercial Banking Company of Sydney £l6/15/-; Metropolitan Gas £l2 15/-; Emperor 9/3; Loloma £l/2/1. STOCK INDICES (Received June 26, 6.30 p.m.)

LONDON. June 25. Stock Indices- Compiled by The Financial

Times October 15. 1926 „ 100

Buyer £ s d G £ eller s d Bonds, 4 p.c., 1943-46 102 5 0 Stock, 4 p.c., 1946-49 102 5 0 ——- Bonds, 4 p.c., 1946-49 102 5 0 ■ ■ Stock, 4 p.c., 1949-52 102 10 0 —— Stock, 3 Yz p.c., 1953-57 99 15 0 — Stock, 4 p.c., 1954-58 102 15 0 — BANKS New Zealand 1 18 6 1 19 6 New Zealand Long "D” issue — 1 9 0 BREWERIES N.Z. Breweries — 1 11 6 COAL Kaitangata 1 8 0 1 11 0 Westport Coal 1 0 0 1 1 6 INSURANCE National — 0 17 10 New Zealand — 2 16 3 South British 2 3 0 — Standard — 2 19 0 LOAN AND AGENCY Trustees’ Executors (Dunedin) 4 1 0 Perpetual Trustees 2 9 0 — MEAT COMPANIES N.Z. Refrigerating (20/- paid) ■ ■ 1 0 3 (10/- paid) 0 9 0 WOOLLEN MILLS Bruce 0 17 6 Kaiapoi (ord.) 0 14 3 0 15 0 Mosgiel 10 10 0 Oamaru — 0 19 6 MISCELLANEOUS D.I.C. (pref.) 1 2 9 Dominion Fertilizer . .1— 1 6 0 Dominion Rubber Co. 1 3 0 McDuffs Ltd. — 0 6 9 Milburn Lime and Cement ■ HI 2 1 0 New Zealand Drug - 3 16 6 N.Z Guarantee Corporation 11 4 N.Z. Paper Mills 1 8 0 Otago Daily Times — 2 0 6 Permanent Building Society 5 15 0 — Southland Ice Cream 1 2 0 — MINING Big River — 0 1 0 Gillespie’s Beach 0 0 5 — Nokomai 0 1 8 Waitahu — 0 1 0 DUNEDIN

SecuriHome indusGold ties Ralls trials mines June 3 109.6 38.1 77.0 165.1 June 4 109.4 37.7 76.5 164.0 June 5 109.0 37.7 76.5 162.9 June 6 108.7 37.6 75.9 159.7 June 10 108.8 38.2 77.6 162.3 June 11 108.9 38.3 77.0 159.8 June 12 108.9 39.2 77.2 161.8 June 13 108.8 38.8 67.8 160.3 June 14 108.1 37.7 75.7 158.5 June 17 105.6 35.9 72.0 151.2 June 18 105.9 34.2 70.2 147.0 June 19 107.2 34.0 70.6 148.8 June 20 108.2 34.1 68.6 148.3 June 21 108.2 33.5 66.7 146.0 June 24 107.4 32.8 62.6 141.5 June 25 147.0 32.3 62.7 136.8 NEW YORK Dow Jones Averages 1926 _ 100 Sales 20 Rail30 Indus 1000 roads trials. shares June 1 23.05 115.67 270 June 4 23.35 115.79 410 June 5 22.94 113.25 670 June 6 23.09 114.8 430 June 8 23.79 115.36 200 June 11 23.73 115.97 760 June 12 25.20 121.46 1360 June 14 24.87 122.27 950 June. 16 24.97 123.36 560 June 17 25104 122.80 1210 June 18 25.63 123.21 720 June 19 25.73 123.86 560 Ju"e .22 25.56 122.83 200 June 24 25.71 123.76 470 June 25 107.0 32.3 62.7 136.8