MINING STOCKS NEGLECTED

Southland Times, Issue 24182, 19 July 1940, Page 2

MINING STOCKS NEGLECTED

INDUSTRIALS QUIET YESTERDAY INVERCARGILL EXCHANGE There was a firmer tone for Government securities on the Invercargill Stock Exchange yesterday. The price of £lO3 was offered for all 4 per cent, issues except the shortest-dated loan. Banks lack interest, the only buying quote being for Unions, which were at £6. Industrials were quiet and mining stocks were neglected. Quotations were as follows:

DUNEDIN Sales Reported.—4 p.c. Stock 1943-46 £lO3 5/-; Standard Insurance £2/15/6; Otago Daily Times £l/19/6. CHRISTCHURCH Sales Reported.—Ballin's Breweries (15/paid) 10/6 (late sale Wednesday); N.Z. Farmers’ Fertilizer (cum div.) £!• I WELLINGTON Sale (late yesterday).—Union Bank £6 10/-. AUCKLAND Sales on ’Change.—Stock 1953-57 31 1 p.c. £99; Bank of New Zealand £2/0/3 (2), New Zealand Insurance £2/18/6 (late sale), £2/19/-: South British £2/7/3; Taupiri (ord.) £1; Bruce Woollen 18/-; Dominion Breweries £l/9/3; New Zealand Breweries £l/13/6 (late sale); Farmers’ Trading 19/3, Milne and Choyce (debentures) 14/6 (late sale). SYDNEY The Stock Exchange was quiet and steady. Sales.—Bank of New South Wales £24 15/-; Commercial Banking Co. of Sydney £l7, Colonial Sugar £47; Australian General Insurance 14/-; Coles £2/15/9; Woolworths 14/3- Consolidated Industries £l/12/9 (cont.) 14/3; Kandos £l/6/-; Morris Hedstrom 19/3; Taranaki Oil 3/8. MELBOURNE 'Sales. —National Bank (£lO paid) £lO 18/- Goldsbrough Mort £l/3/-: Coles £2 15/-; Yarra Falls £l/16/-: Gordon and Gotch £l/12/-; Mount Lyell £l/5/-; Emperor 10/4. FOREIGN EXCHANGES (Received July 18. 6.30 p.m.) LONDON, July 17. Paris, franc to £1 ~~ Amsterdam, florins to £1 — Montreal, dollar to £1 4-45 Switzerland, franc to £1 17.7 a Stockholm, kroner to £1 540 Athens, drachmae to £1 75.55 Lisbon, escudo to £1 16.80 Kobe, pence to yen 1218 Hong Kong, pence to dollar 14 1-3 Shanghai, pence to dollar 3)8 . Brussels, belgas to £1 — Rome, lire to £1 24.175 Tokyo, pence to yen 24.37 Copenhagen, kroner to £1 — Oslo, kroner to £1 — Milan, lire to £1 72.50 Argentine, pesos to £1 68.00 New York, dollar to £1 3.71*,i SMALL YARDING AT WINTON For the first time for many years there were no sheep yarded at the Winton stock sale yesterday, the total entry comprising foui head of cattle, which sold at full market rates. A quantity of harness and sundries was also disposed of at auction. The Southland Farmers’ Co-operative Association Ltd., sold.— One fat cow at £lO/17/6, one dairy cow at £B, two store cows at £6/10/ and £7/10/-. Wright, Stephenson and Co., Ltd. sold.—Horse collars at £l/18/-, £l/17/.-, £l/12/6, £l/10/-, £2/12/-, £l/15/-, £l/13/-, 5/-; hames and traces at 15/-; hames at 12/-, 11/-, 10/-, 9/-, 8/6, 8/-, 6/-; saddles and breeching at £4/11/-, £3/17/6, £3/12/6, £2/5/-; riding saddles at £4/17/6, £4/10/-; reins at 22/-, 21/-, 14/-; winkers at 17/-, 15/-, 16/-, 14/6, 12/6; leading chains at £l/7/-; bridle at 13/-; gig harness at £4; breastplate at £1; headstalls at 15/-, 14/-; plough at £l4; spring cart harness at £6.

GOVERNMENT DEBENTURES Buyer £ s d Seller £ s d Stock, 4 p.c., 1940-43 101 10 0 — Stock, 4 p.c.. 1943-46 103 0 Bonds, 4 p.c., 1943-46 103 0 Stock, 4 p.c., 1946-49 103 0 Bonds, 4 p.c., 1946-49 103 0 Stock, 4 p.c.. 1949-52 , 103 10 Stock, 4 p.c., 1952-55 103 0 Bonds, 4 p.c., 1952-55 103 0 Stock, 4 p.c., 1954-o8 103 0 BANKS New Zealand — 2 0 6 New Zealand Long ■'D’’\issue 1 7 Union of Australia 6 0 COAL Kaitangata 111 0 Westport Coal INSURANCE National 0 17 4 0 17 9 New Zealand South British Standard 2 13 0 2 17 0 LOAN AND AGENCY National Mortgage 2 0 0 Trustees' Executors (Dunedin) Wright. Stephenson (ord.) - 1 0 9 (pref.) Perpetual Trustees MEAT COMPANIES N.Z. Refrigerating (20/- paid) 1 0 0 (10/- paid) 0 S 0 g Southland Frozen Meat 1 11 SHIPPING P. and O. Stock — 1 4 0 . WOOLLEN MILLS Bruce 0 17 9 — Kalapoi (ord.) — 0 15 0 Mosgiei 10 10 0 Oamaru 0 17 MISCELLANEOUS D.I.C. (pref.) 1 2 6 — Dominion Fertilizer . 1 4 I Donaghy’s Rope and Twine 2 10 0 McDufts Ltd. 0 5 0 0 6 t) McKenzie’s Department o o 6 Stores Ltd. Milburn Lime and Cement 2 0 0 New Zealand Drug N.Z. Guarantee Corporation n 0 3 6 N.Z. Paper _Mills 1 0 2 o 0 Otago Daily Times Permanent Building Q Society Woolworths (N.Z.) 0 14 MINING Big River — 0 1 0 Gillespie’s Beach — 0 o 0 1 7 6 Nokomal Waihi Investments —— 0 b 3 Austral (N.Z.) 1 o o 0 10 Waitahu