STOCK EXCHANGE QUOTATIONS

Southland Times, Issue 24313, 19 December 1940, Page 2

STOCK EXCHANGE QUOTATIONS

LESSER DEMAND FOR GOVERNMENT SCRIP There was not quite the same demand for Government securities on the Invercargill Stock Exchange yesterday as there has been lately. Banks continue to be very quiet, no buying bids coming forward. No change is noticeable in the market for woollen, meat or pastoral companies’ shares. In the miscellaneous section there was a firmer tone for New Zealand Drugs, with buyers at £3/17/-. Quotations were as follows:—

Government Debentures.—4 p.c. Stock 1940-43, b £lOl/15/-; 4 p.c. Stock 1943-46, b £lO3/10/-; 4 p.c. Bonds 1943-46, b £lO3 10/-; 4 p.c. Stock 1949-52 £lO5/5/-; 3>/ 2 p.c. Stock 1953-57, b £101; War Loan, b £BO/7/6. Banks.—Commercial, s 15/2; National of New Zealand, s £2; New Zealand, s £2 1/3.

Breweries^ —Dominion Brewery, b £l/9/-; Dunedin Brewery Company, s £l/5/-; New Zealand Breweries, b £l/11/3; Tooth’s Brewery, s £2/14/-; Ballins (£1 paid), s 12/-. Coal.—Westport Coal, b £l/2/9.

Insurance.—National, b 18/1; New Zealand, b £3/1/-; South British, b £2/8/9, s £2/9/9; Standard, b £2/18/3. Loan and Agency.—Dalgety and Company, b £6/9/-; National Mortgage B, b £l/1/-; Trustees’ Executors (Dunedin), b £4/2/6; Wright, Stephenson (ord.), s 19/3; (pref.), b £1; Perpetual Trustees, b £2/10/6. Meat Companies.—New Zealand Refrigerating (£1 paid), b £1; (10/- paid), b 9/6, s 9/9; South Otago Freezing Company, b £5/1/-.

Shipping.—Howard Smith, b £l/1/6; Union Steam Ship Company (pref.), b £l/6/3.

Woollen Mills.—Bruce, s £l/1/3; Kaiapoi (ord.), b 13/6; Mosgiel, s £lO/17/6. Miscellaneous.—Broken Hill Proprietary, b £2/4/9; G. J. Coles, s £3/9/-; D.I.C. (pref.), b £l/2/6; Dominion Fertilizer, s £l/8/-; Dunlop Rubber (Aust.), b £1; 1.C.1. (pref.), b £l/4/-; McDuffs Ltd., s 11/6; Milburn Lime and Cement, s £l/19/-; New Zealand Drug, b £3/17/-; New Zealand Paper Mills, b £l/9/3; Otago Daily Times, s £2; Woolworths Ltd., s 17/9; Southland Ice Cream, s £l/5/6. Mining.—Broken Hill South, b £l/5/6; North Broken Hill, b £2; Big River, s 1/6; Gillespie’s Beach, s sd; Mount Lyell, s £1 8/9; Mount Morgan, b 11/-, s 11/6; Nokomai, s 1/9; Austral (N.Z.), s £l/11/-; Arahura, b £l/7/6. DUNEDIN Sales.—4 p.c. Stock 1943-46 £lO3/15/-; " Southland Ice Cream £l/3/6. ‘ CHRISTCHURCH Sales on ’Change.—Bank of New Zealand £2/1/-; Westport Stockton Coal 2/4; Moonlight Goldfields 4d (3). Sales Reported.—United Building £l/0/3; Felt and Textiles £l/19/6; Westport Coal £l/3/- (late sale Tuesday): Christchurch ; Gas £l/3/2; Wilson’s Cement 19/-; Mana- ) watu Woollens £l/0/6. WELLINGTON i Sales (late Tuesday).—4 p.c. Stock 194346 £lO3/10/-; Bank of New Zealand £2 1/-; Dunlop Rubber £l/0/6; National Electric 18/-. r Sales (yesterday).—4 p.c. Stock 1946-49 . £104; Union Bank £7/2/-; New Zealand Breweries £l/12/-; Dunlop Rubber £l/0/6; j Farmers’ Trading 19/5. AUCKLAND Sales.—Stock 1943-46 4 p.c. £lO3/10/-; do. 1949-52 4 p.c. £lO4/15/-; Central Waikato Power Board 1946 4‘A p.c. £lO3/15/-; New Zealand Insurance £3/2/-; Taupiri Coal £1 1/-; Dominion Breweries £l/9/10; Colonial Sugar £52/10/-; Dominion Fertilizer £1 8/-; Farmers Trading 19/3; M.K. Manufacturers 6/7 (odd lot); New Zealand Drug (con.) £2; Reid Rubber £l/3/-; Wilson’s Cement 18/11; Rawang Tin 8/6 (late sale). RECORD YARDINGS OF FAT CATTLE TRBELE MARKET AT ADDINGTON (United Press Association) CHRISTCHURCH, December 18. Record yardings of fat cattle and porkers were offered at Addington to- | day at the Christmas treble market. The beef yarding totalled 930 and was of excellent quality and sold well. Best steers were down 30/- a head and ordinary and plain cows and heifers and steers were down by £l. Best steers made £l5/10/- to £2O, ordinary £lO to £l5, best heifers £lO/10/- to £l5/7/6, medium £8 to £10; best cows £B/10/- to £l4/2/6 and others £6/10/- to £B. The fat sheep yarding numbered 6500 and was of good quality. Prices for ewes were down fully 2/- a head and wethers 1/- to 1/6, except prime light and mediumweight, which were fully

firm. Prime wethers made 28/- to 36/-, medium 25/- to 27/6, prime ewes 24/6 to 31/-, medium 16/- to 20/-. The fat lamb yarding of 5000 head sold very well, exporters taking about one-third of the yarding. Butchers competed freely for their requirements for Christmas trade and paid Id over the 8d schedule price for- best medium weights. The store sheep yarding was composed mainly of wethers, including several station lines. Tire demand was slightly slacker but prices were about on a par. The pork entry was the largest ever received at Addington and toward the end of tire sale there was an easing of 5/- to 7/-. The pork average was 6£d to 8d and the bacon average 6Jd to 7ad. COLOMBO TEA SALES (United Press Association) DUNEDIN, December 18. Mr L. M. Wright has received the following cabled report on the Colombo tea auction of December 17:— At yesterday’s auction of 2,000,0001 b competition was keen for all grades, particularly medium and fine quality teas. Common kinds were firm to dearer. Medium teas advanced about 2d a pound and fine grades about Id a pound. American and South African markets were buying heavily. The next sale will be held on January 7. WEST COAST DREDGES (United Press Association) GREYMOUTH, December 18. During the first half of December West Coast dredge returns were:— Barrytown dredge.—2sB ounces for 236 hours and 141,000 yards. Kanieri.—s46 ounces for 247 hours and 135,000 yards. Arahura.—4so ounces for 259 hours and 154,000 yards. KOMATA REEFS GOLD MINING (United Press Association) WELLINGTON,' December 18. Cabled information has been received from London that the directors of the Komata Reefs Gold Mining Co. Ltd. have declared an interim dividend of 3d a share, free of tax, on account ' for the year ending March 31, 1941, payable on January 16 on all shares I registered at December 24. The share register will be closed from December . 28 to January 16, both dates inclusive. J