LITTLE INQUIRY FOR BANKS

Southland Times, Issue 24181, 18 July 1940, Page 3

LITTLE INQUIRY FOR BANKS

GOVERNMENT SCRIP IN DEMAND INVERCARGILL STOCK EXCHANGE All lines of Government securities were in demand on the Invercargill Stock Exchange yesterday morning. For banks the inquiry was again limited to a couple of lines, New Zealands having buyers at £2/0/3 and Unions at £6 1/-. Both markets were unchanged. The other sections showed little alteration. There was a slightly better market for Woolworths (N.Z.) and also for Drug Company’s scrip. There was a sale reported of Austral (N.Z.) at £l/1/10. Quotations were as follows:

GOVERNMENT DEBENTURES

DUNEDIN Sale on ’Change.—Bruce Woollen (ord.) 18/-. Sales Reported.—Greater Crystal Palace 13/-; Austral (N.Z.) Mining £l/1/6. CHRISTCHURCH Sales Reported.—Greater Crystal Palace 13/- (late sale Tuesday); New Zealand Farmers’ Co-operative Association 4’/ 2 p.c. Stock 1950 £B3; Austral (N.Z.) Mining £1 1/6. WELLINGTON Sale (late Tuesday).—New Zealand Drug £3/14/3. Sales (yesterday).—Bank of New Zealand £2. AUCKLAND Sales on ’Change.—Stock 1938-41 3 3 ,i p.c. £100; North Canterbury Electric Power Board 1951 4‘,4 p.c. £lO4/17/6; Bank of New Zealand £2/0/3, £2/0/6; N.Z. Insurance £2/18/6; South British £2/7/-; Taupiri Coal £1; Dominion Breweries £l/9/3; N.Z. Breweries £l/13/6; Bycroft £2/0/6 (late sale); Farmers’ Trading 19/3; Farmers' Fertilizer £l/2/o>/ 2 (pref.); Whittome Stevenson 19/6; Wilson’s Cement 17/6 (late sale). SYDNEY (Received July 17, 9.15 p.m.) SYDNEY, July 17. Industrial shares on the Stock Exchange today were a little firmer. Sales.—Bank of New South Wales £24 13/-; Commercial Banking Company of Sydney £l7; National Bank (£5 paid) £5 5/6; Burns Philp £2/9/6; Woolworths 14/3; General Industries 13/9; Morts Dock 16/-; Hume Pipe 13/-; Arahura £l/2/-; Loloma £l/2/4; Mt. Lyell £l/4/10; Kuala Kampar 13/3. MELBOURNE Sales.—Commercial Bank of Australia 13/-; Felt and Textiles £l/14/-; British Tobacco £2/4/5; Myers £l/5/3; Loloma £l/2/6. HALF-YEARLY DIVIDENDS (United Press Association) WELLINGTON, July 17. Woolworths Ltd., (Sydney) has declared that the half-yearly dividends on the 10 per cent, and 7 per cent, preference shares will be payable on August 15. The Woolwbrths (West Australia) half-yearly dividend on 8 per cent, -preference shares will be payable on the same date.

Buyer Seller £ £ s d Stock, 4 p.c., 1943-45 102 15 0 1 ■ Bonds, 4 p.c., 1943-46 102 15 0 Stock, 4 p.c., 1946-49 103 0 0 Bonds, 4 p.c., 1946-49 103 0 0 Stock, 4 p.c., 1952-55 102 15 0 Bonds, 4 p.c., 1952-55 102 15 0 ——— Stock, 3',2 p.c., 1953-57 97 10 0 —

BANKS New Zealand 2 0 3 2 0 6 Union of Australia 6 1 0 BREWERIES N.Z. Breweries 1 11 6 — COAL Kaitangata — 1 11 0 Westport Coal 1 1 0 INSURANCE National 0 17 0 0 17 8 New Zealand 2 IB 0 South British 2 5 3 — Standard — 2 18 0 LOAN AND AGENCT National Mortgage ■ ■ ■. ! 2 0 0 Trustees’ Executors (Dunedin) i 1 Q Wright. Stephenson (ord.) 1 0 9 (pref.) 0 18 9 — MEAT COMPANIES N.Z. Refrigerating (20/- paid) — 1 0 0 (10/- paid) — 0 8 8 Southland Frozen Meat 111 6 South Otago Freezing Co. — 5 •> 0 SHIPPING P. and O. Stock — 1 4 0 WOOLLEN MILLS Bruce 0 17 6 — Kaiapoi (ord.) 0 14 0 0 15 0 Oamaru 0 17 0 MISCELLANEOUS D.I.C. (pref.) 1 2 9 — Dominion Fertilizer 1 4 6 Dominion Rubber Co. 1 6 McDuffs Ltd. 0 5 0 0 b 0 Milburn Lime and Cement 2 0 0 New Zealand Drug 3 14 0 N.Z. Guarantee Corporation 0 3 9 N.Z. Paper Mills 1 5 0 Otago Daily Times 2 0 0 Permanent Building Society 5 15 0 Woolworths (N.Z.) 0 14 4 — MINING Gillespie’s Beach — 0 0 7 Nokomai ■■II 1 0 1 6 Okarito 0 1 0 Austral (N.Z.) 1 2 6