COMMERCIAL

Southland Times, Issue 24422, 30 April 1941, Page 2

COMMERCIAL

STATE LOANS IN DEMAND

INVERCARGILL STOCK EXCHANGE

Investors continue to show confidence in Government loans; all lines were in demand, but particular attention was paid to the 1952 and 1955 4 per cent, issues on the Invercargill Stock Exchange yesterday. Banking shares remain very quiet. Commonwealth industrials were almost neglected. There were more sellers than buyers for leading Dominion lines. The mining market remains very quiet. Quotations were as follows: — Government Debentures.—4 p.c. Stock 1940-43, b £lOO/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 £lO5/1/6; 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/17/6; National of New Zealand, s £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 £l/10/3, s £l/11/3. Coal.—Kaitangata. b £l/11/3; Westport Coal, s £l/3/6; Westport Stockton (ord.), b 2/3.

Insurance.—National, s 19/3; 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/-; Wright, Stephenson (pref.), b 19/6; 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/6/6Woollen Mills.—Bruce, b £l/0/9. Miscellaneous.—Broken Hill Proprietary, b £2/1/-; 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: McDuiTs Ltd., s 10/-; Milburn Lime and Cement, s £l/19/-; New Zealand Guarantee Corporation, s 3/-; New Zealand Paper Mills, s £l/11/-; Woolworths Properties Ltd., b £l/3/6; Southland Ice Cream, b £l/3/-. Mining.—Broken Hill South, b £l, s £1 6/-; Big River, s 1/2; Electrolytic Zinc (pref.), b £2/11/-; Mount Lyell, s £l/8/-; Okarito, s 1/10; Grey River, b 15/-.

DUNEDIN Sales.—4 p.c. Stock 1943-46 £lO2/10/-; War Loan £B2; Standard Insurance £3; Woolworths (Sydney) 16/-. CHRISTCHURCH Sale on ’Change.—New Zealand Government 4 p.c. Stock 1955 £lO5/10/-. Sales Reported.—South British Insurance £2/8/6, £2/8/4; Goldsbrough. Mort £1 4/3; New Zealand Insurance £2/19/6. WELLINGTON Sales (late Monday).—Metropolitan Building £ll/6/-; R. and E. Tingey (pref.) £l/0/1. Sales (Tuesday).—4 p.c. Stock 1948 £lO4 5/-; War Loan 1952 (2) £B2; Bank of New South Wales £2B. AUCKLAND

Sales.—War Loan 1953 (late sale) £B2. £B2; Stock 1953-57 3’i p.c. (2) £lOO/10/-; Manurewa Borough 1959 4li p.c. £103: Mount Eden Borough 1954-61 4‘/t p.c. £105; 5/-: Williamson Pictures 1949 7*,2 p.c. £9O; Auckland Gas Perpetual Stock (late sale) £97; Bank of New South Wales £2B; Bank of New Zealand (6) £l/16/6; New Zealand Insurance £2/19/6; South British £2/8/6; Goldsbrough. Mort £l/4/9; New Zealand Breweries £l/10/3; Australian Alloy Steel 8/-; M.K. Manufacturers (late sale) 5/-; Sanford (ord.) 4/-; Sanford (pref.) 14/-; Wilson's Cement (late sale) 18/6, 18/6; Woolworths (Sydney) (3) 16/1., Unofficial List.—Auckland Meat £l/9/-. SYDNEY (Rec. 8.15 p.m.) SYDNEY, April 29. Sales.—Toohey's £l/6/9; Australias (A) £5/5/-; Anthony Hordern 13/-; Australian Consolidated Industries £l/18/6; Broken Hill Proprietary (cont.) £l/19/9. £l/3/3; General Industries 17/-; Goldsbrough, Mort £l/4/-. McNAB STOCK SALE

There was a moderate yarding at the fortnightly McNab stock sale yesterday. Fat cattle met a good market and top price was secured for fat bullocks offered by the Southland Farmers' Cooperative Association on account of Mr J. W. Smith (Kaiwera), two being sold at £ll/10/-. Another line sold at £lO 5/— Fat heifers found a market at up to £9/12/6 and several lines were sold between £6 and £B/12/6. Store steers made £8 and dairy cows realized £6 12/6. Full and failing-mouth ewes made up the most of the sheep section. The best of these brought up to 10/-, poorer sorts selling down to 2/1. Soundmouth ewes brought 11/- and fats sold up to 14/9. Wethers brought from 20/to 24/3.

VOLUNTARY LIQUIDATION

(P.A.) DUNEDIN, April 29. A special meeting of the Paddy’s Point Goldmining Company _ decided that the company should go into voluntary liquidation.