COMMERCIAL

Southland Times, Issue 24421, 29 April 1941, Page 2

COMMERCIAL

STATE LOANS FIRM

Invercargill Stock Exchange

Government loans were steady to firm on the Invercargill Stock Exchange yesterday. Banks were very quiet, there being only one buying quotation. There was little inquiry for lines in the general group. Shipping, pastoral and meat freezing companies’ shares were almost neglected. Quotations were as follows:— Government Debentures. —4 p.c. Stock 1940-43, b £lOO/10/-; 4 p.c. Stock 1943-46, b £lO2/10/-; 4 p.c. Bonds 1943-46. b £lO2 10/-; 4 p.c. Stock 1946-49. b £lO2/10/-; 4 p.c. Bonds 1946-49, b £lO2/10/-; 4 p.c. Stock 1949-52. b £lO5/5/-; 4 p.c. Stock 1952-55. b £105; 4 p.c. Bonds 1952-55. b £105; 3>/ 2 p.c. Stock 1953-57, b £lOO/10/-; War Loan, b £Bl/10/-.

Banks.—Commercial, pref., 4 p.c. (cum.), b £B/15/-; National of New Zealand, b £1 16/-; New Zealand, s £l/18/-; Union of Australia, s £7/2/6. Breweries.—Dunedin Brewery. Company, s £l/2/-; New Zealand Breweries, b £1 10/3, s £l/11/3. Coal.—Kaitangata, b £l/11/3; Westport Coal, s £l/3/6; Westport Stockton (pref.), b 6/-. Insurance.—National, s 19/4; New Zealand, s £3/0/6; Standard, s £3/1/-. Loan and Agency.—National Mortgage B, s £l/1/6; Trustees’ Executors (Dunedin), b £4/2/-; Perpetual Trustees, b £2/11/-. Meat Companies.—New Zealand Refrigerating (£1 paid), s 16/-; (10/- paid), s 6/6; Southland Frozen Meat, s £l/12/-.

Shipping.—Union Steam Ship Company (pref.), b £l/6/6. Woollen Mills.—Bruce (ord.), b £l/0/9.

Miscellaneous.—Broken Hill Proprietary, b £2/0/6; D.I.C. (pref.), b £l/3/6; Dominion Fertilizer, s £l/6/9; Dominion Rubber Company, s £1; Donaghy’s Rope and Twine, s £2/13/-; Dunlop Rubber (Aust.), b £1; McDuffs Ltd., s 10/-; Milburn Lime and Cement, s £l/19/-; New Zealand Paper Mills, s £l/11/-; Woolworths Properties Ltd., b £l/3/6.

Mining.—Broken Hill South, s £l/6/-; Big River, s 1/2; Electrolytic Zinc (pref.), b £2/11/-; Mount Lyell, s £l/8/-.

CHRISTCHURCH Sale on ’Change.—New Zealand Government 4 p.c. Stock 1955 £lO5/10/-. Sales Reported—New Zealand Government 3'/ 2 p.c. Stock 1953-57 £lOO/10/-; War Loan 1953 £Bl/17/6; New Zealand Refrigerating 4’A p.c. 1945 £101; Dalgety and Company £6/2/6; Westport Coal £l/3/3. WELLINGTON Sales (late Thursday).—4 p.c. Stock 1953 £lO5/10/-; Wellington Gas (pref.) £l/2/6; Woolworths Ltd. 16/-. Sales (Monday).—War Loan 1953 (4) £B2; 4 p.c. Stock 1955 £lO5/15/-; Broken Hill Proprietary £2/1/-; Denhard Bread (pref.) £l/1/-; Woolworths Ltd. (2) 16/-; 4 p.c. Stock 1952 £lO5/10/-. AUCKLAND Sales.—War Loan 1953 (2) £B2; Stock 1940-43 4 p.c. (late sale) £101; Auckland Hospital Board 1947 4‘/t p.c. £lO3/15/-; South British (2) £2/8/6; Dominion Breweries £l/8/-; Broken Hill Proprietary (3) £2/1/-; New Zealand Farmers’ Fertilizer (pref.) £l/2/-; Union Soap £l/5/-; Woolworths (Sydney) (3) 16/3; Mount Morgan (late sale) 9/6.

Unofficial List—Auckland Farmers’ Freezing (£1) £l/0/9.

SYDNEY (Rec. 11 p.m.) SYDNEY. April 28. Investors are still displaying little inclination to do business on the Stock Exchange, but prices are holding satisfactorily. Sales.—Commercial Banking Company of Sydney £l7/18/-; Colonial Sugar £44/12/6; Dunlop Perdriau £1; Kandos £l/10/-; Consolidated Industries £l/8/6; Newbpld £1 4/7; Henry Jones £2/8/6; Goldsbrough, Mort £l/3/10; North Broken Hill £l/14/4; South Broken Hill £l/2/6; Emperor 9/11; Loioma £l/1/6; Roma Blocks (cont.) 2/3. MELBOURNE Sales.—Commercial Bank of Australia 13/2; National Bank (£5 paid) £5/15/-; Heralds £2/10/-; Coles £2/18/6; Dunlop Perdriau 19/9; Mount Lyell £l/6/6; Emperor 10/-. AUCKLAND SAVINGS BANK

(P.A.) AUCKLAND, April 28. Total funds reaching a new high level of £10,687,000 and an increase of £500,000 in deposits, which are almost a record, were revealed at the annual meeting of the trustees of the Auckland Savings Bank today. The chairman, Mr Edward Anderson, said evidence of confidence in the bank was the growth in the number of accounts which, apart from national savings deposits, was increased during the year by 2823, making a total of 195,362. The bank had made an interest-free loan of £50,000 to the Government for the war.

Mr Anderson was re-elected president, and Mr G. W. Sanders deputypresident.

CROWN MINES DIVIDEND

(P.A.) WELLINGTON, April 28. The Stock Exchange Association has received advice that the directors in London of the New Zealand Crown Mines will recommend a dividend of 3d a share, less tax of 7/8 in the £l, on account for the year ended December 1940.

NATIONAL INSURANCE COMPANY

(P.A.) DUNEDIN, April 28. The directors of the National Insurance Company of New Zealand Limited have declared an interim dividend of fourpence a share for the half-year ended March 31. It will be payable on May 16.

NEW ZEALAND PAPER MILLS

(P.A.) DUNEDIN, April 25. The directors of New Zealand Paper Mills recommend payment of a final dividend at the rate of 4 per cent., which, with an interim dividend paid in November, makes 7 per cent, for the year ended March 31.