BANKING SHARES WEAK

Southland Times, Issue 24419, 26 April 1941, Page 3

BANKING SHARES WEAK

Invercargill Stock Exchange

Limited inquiry came for Government Stocks on the Invercargill Stock Exchange on Thursday. Buyers for War Loan were at £Bl/15/- and sellers at £B2. Banks were very weak. Very little interest was taken in frozen meat companies’ shares. Buyers for leading industrials were inactive, and mining companies’ shares were not sought after. Sales of the War Loan at £Bl/17/6 and the North Auckland Farmers’ Co-operative at 6/3 were reported. Quotations were as follows: — Government Debentures. —4 p.c. Stock 1940-43, b £100; 4 p.c. Stock 1943-46, b £102; 4 p.c. Bonds 1943-46, b £102; 4 p.c. Stock 1949-52, b £105; 4 p.c. Stock 1952-55, b £105; 4 p.c. Bonds 1952-55, b £105; 3’2 pc. Stock 1953-57, b £lOO/5/-; War Loan, b £Bl 15/-, s £B2.

Banks.—Commercial, pref., 4 p.c. (cum.), b £B/15/-; National of New Zealand, s £1 17/-; New Zealand, s £l/18/3. Breweries.—New Zealand Breweries, b £l/10/-, s £l/12/-; Ballins (£1 paid), s 11/9.

Coal.—Kaitangata, b £l/11/-; Westport Coal, s £l/3/6; Westport Stockton (pref.), b 6/-.

Insurance.—National, s 19/4; South British, s £2/10/-; Standard, b £2/19/-. Loan and Agency.—National Mortgage, s £l/17/-; Trustees’ Executors (Dunedin), b £4/2/-; Wright, Stephenson (ord.), s 19/6; (pref.), b 19/6; Perpetual Trustees, b £2 IV-

Meat Companies.—New Zealand Refrigerating (10/- paid), s 6/6; Southland Frozen Meat, s £l/12/-.

Shipping.—Union Steam Ship Company (pref.), b £l/6/9. Woollen Mills.—Bruce, b £l/0/9; Kaiapoi (ord.), b 14/9. Miscellaneous.—Broken Hill, b £2, s £2 1/6; D.I.C. (pref.), b £l/3/6; Dominion Fertilizer, s £l/6/9; Dominion Rubber Company, s £l/0/9; Donaghy’s Rope and Twine, s £2/13/-; Dunlop Rubber (Aust.), b £1 0/9; 1.C.1. (pref.), b £l/4/-; McDuffs Ltd., s 10/-; Milburn Lime and Cement, s £1 19/-; New Zeaalnd Paper Mills, s £l/11/3; Woolworths Ltd., b 16/-, s 16/9.

Mining.—Broken Hill South, s £l/6/3; Big River, s 1/2; Electrolytic Zinc (pref.), b £2/11/-; Mount Lyell, s £l/8/6; Mount Morgans, s 10/-; Nokomai, s 1/6. DUNEDIN Sales (Thursday).—4 p.c. Stock 1940-43 (2) £101; War Loan 1953 £B2; Standard £3/0/6; D.I.C. (pref.) £l/3/9; Woolworths (Sydney) 16/5; New Zealand Breweries £l/10/9; Westport Coal £l/3/3. Unlisted.—McKintosh-Caley-Phoenix 9/-. CHRISTCHURCH Sale on ’Change.—Kaiapoi 'Woollens (7/paid) 5/-. Sales Reported.—New Zealand Government 4 p.c. Stock 1943 (late sale Wednesday) £101; North Canterbury Hospital Board 4',4 p.c. 1958 £lO5/10/-; Standard Insurance (2) £3/0/6; Westport Coal £l/3/3; New Zealand Breweries fil/11/l'/ai Dunlop Rubber £l/0/6; Evan’s Atlas Flour £l/5/-. WELLINGTON Sales (late Wednesday).—4 p.c. Stock 194043 (2) £101; War Loan 1953 £Bl/17/6; New Zealand Drug £3/17/-, (cont.) £2/9/3. Sales (Thursday).—4 p.c. Stock 1940-43 £101; 4 p.c. Stock 1949-52 £lO5/10/-; War Loan 1953 £B2; Traders’ Finance (2) 3/-; Woolworths Ltd. 16/-. AUCKLAND Sales.—War Loan 1953 £B2; Stock 1949-52 (4) £lO5/10/-; Bank of New Zealand £1 17/3; New Zealand Insurance £2/19/6, £2 19/9; Traders’ Finance (cont.) 2/9; Leyland O’Brien (odd lot) 15/-; New Zealand Breweries £ 1/10/10 ■2; Broken Hill Proprietary £2/0/9; 1.C.1. (pref.) (late sale) £l/4/-; New Zealand Drug (late sale) £3/17/-, do. (con.) (odd lot, late sale) £2/9/3; Northern Roller (late sale) £l/1/6, (pref.) £l/2/3; Selfridges (Australasia) (late sale) 18/-; Wilson’s Cement 18/9. Unofficial List.—Auckland Meat £l/9/-, £l/8/-; Auckland Farmers’ Freezing (£1) £l/0/9; Wiftone £l. WINTON STOCK SALE A very small stock sale was held at Winton when about 2000 sheep were yarded. Competition was not spirited, there being only a small attendance of buyers and farmers. Full-mouth ewes made from 11/6 to 13/3, good failing mouth ewes 8/- to 9/-, with poorer sorts down to 2/-. Several pens of twotooth ewes were of fairly good quality, medium bringing 24/- to 27/-, with others to 20/-. A good pen of ewe lambs made 23/- and rams brought from 10/- to 25/-. RIVERSDALE STOCK SALE There was a good demand at the Riversdale stock sale on Thursday, when some good quality sheep were offered. Two-tooth ewes were sought after and realized up to 33/9, this price being secured by J. E. Watson and Co., Ltd., for a line offered on acocunt of Mr W. J. Dickson, Wendon. A bigger line offered by the same agents on account of Mr W. Hargest, Mandeville, brought 28/2. Sound mouth ewes and full mouth sorts brought up to 15/7 and full and failing mouth sorts brought up to 12/-, other lines selling at 10/4 down to 4/6 for poorer quality. There was also a good yarding of lambs forward, ewe sorts bringing from 17/2 to 22/6 and wether lambs realizing up to 18/6. N.Z. PETROLEUM COMPANY (P.A.) GISBORNE, April 24. A bulletin issued by the New Zealand Petroleum Company reports that at the Morere bore drill pipe recovery operations are still in progress. At Midhurst the present depth of the well is 6405 feet with no change in formation.