COMMERCIAL

Southland Times, Issue 24445, 27 May 1941, Page 2

COMMERCIAL

WOOLLEN SHARES IN DEMAND INVERCARGILL STOCK EXCHANGE There was a quiet market for banking shares on the Invercargill Stock Exchange yesterday morning, there being more sellers than buyers. Woollen companies’ shares were again in demand, buyers operating for Oamaru, Bruce, Kaiapoi, Mosgiel and Wellington Woollen Companies’ shares. Quotations were as follows:—

Government Debentures.—4 p.c. Stock 1940-43, b £lOO/15/-; 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 £104; 4 p.c. Stock 1952-55, b £106; 4 p.c. Bonds 1952-55, b £106; 3‘/ 2 p.c. Stock 1953-57, b £101; War Loan, b £B2/10/-; 4 p.c. Stock 1954-58, s £lO7/10/-.

Banks.—Australasia, s £B/12/6; Commercial, s 14/-; New Zealand, b £l/17/3, s £l/18/6; Union of Australia, s £6/15/-. Breweries.— Dominion Brewery, b £l/8/6; Dunedin Brewery Company, s £l/2/-; New Zealand Breweries, b £l/11/-; Ballins (£1 paid), b 10/-.

Coal.—Westport Coal, s £l/3/6; Westport Stockton (pref.), s 6/9. Insurance.—National, b 18/3, s 18/9; South British, b £2/10/6. Loan and Agency.— National Mortgage, s £l/16/-; Trustees’ Executors (Dunedin), b £4/2/6; Wright, Stephenson (ord.), s 19/9; (pref.), b 19/6. Meat Companies.—New Zealand Refrigerating (£1 paid), b 6/6; (10/- paid), b 7/-; Southland Frozen Meat, s £l/12/-. Shipping.—P. and O. Stock, b £l/4/-. Woollen Mills.—Bruce, b £l/0/9; Kaiapoi (ord.), b 15/-; Mosgiel, b £10; Oamaru, b 18/6; Wellington 'Woollens (pref.), b £6 15/-. Miscellaneous. —Australian Consolidated Industries, b £2/2/-; Broken Hill Proprietary, b £2/2/3; British Tobacco (Aust.), s £2 8/-; D.I.C. (pref.), b £l/3/9; Dominion Fertilizer, s £l/5/9; Dominion Rubber Company, s £1; Donaghv's Rope and Twine, s £2/13/-; 1.C.1. (pref.), b £l/4/-; McDuffs Ltd. (ord.), s 10/-; Milburn Lime and Cement, s £l/18/-: New Zealand Drug, b £3/16/6; New Zealand Farmers’ Fertilizers (pref.), s £l/2/6; New Zealand Guarantee Corporation, s 2/11; New Zealand Paper Mills, b £l/10/-; Wilson’s (N.Z.) Cement, b 18/9; Woolworths Ltd., b 16/-; Woolworths (N.Z.), b 13/-; Southland Ice Cream, b £1 4/-, s £l/5/-. Mining.—Broken Hill South, b £l/2/-; North Broken Hill, b £l/16/-; Big River, s 1/1; Electrolytic Zinc (ord.), b £2/10/-; (pref.), b £2/12/6; Mount Lyell, s £l/7/6; Mount Morgans, b 8/9, s 9/3; Nokomai, s 1/6; Okarito, s 1/4; Austral (N.Z.), s £1 7/-. DUNEDIN Sales.—National Insurance 18/6; Timaru Woollens 14/9. WELLINGTON Sale (late Friday).—4 p.c. Stock 1949-52 £lO4/2/6. Sale (Monday).—4 p.c. Stock 1955 £lO6 10/- (2).

CHRISTCHURCH Sale on ’Change.—Wilcox Mofflin 8/2 . ' Sale Reported.—Union of Australia (late Friday) £6/12/6. AUCKLAND Sales.—Slock 1949-52 4 p.c. £lO4/2/6 (3); £lO4/5/- (2): Booth, Macdonald 1947 5 p.c. £80; New Zealand Farmers’ Co-operative 1950 4',2 p.c. £81; National Bank of New Zealand £l/11/- (late sale) £l/14/-; Bank of New Zealand £l/17/3; South British £2 12/-; Electrolytic Zinc (pref.) £2/14/6; M. Manufacturers 5/3; Martha 7/3. DREDGING RETURNS (P.A.) DUNEDIN, May 26. The secretary of the Nokomai Company reports a wash-up of part of the present paddock which resulted in a return of 4660 z 13dwt. The final result from the whole paddock should come to hand in about a fortnight. The Clutha dredge return was 71oz for 112 hours. The wash-up of Gillespie’s Beach Gold Dredging Co., Ltd., for the two weeks ended May 24 was 31oz 17dwt for 259 hours from 26,000 cubic yards. N. BREWERIES’ DIVIDEND (P.A.) WELLINGTON, May 26. The directors of New Zealand Breweries will recommend to the shareholders at the annual meeting a final dividend for the year ended March 31 of 4 per cent., making 71- per cent, for the year. DIVIDENDS DECLARED

(P.A.) WELLINGTON, May 26. The dividend of Woolworths Properties for the half-year ended June 30 is 6 per cent, per annum on preferred and ordinary shares, payable on July 15 on : hareholdings at June 30. The Wellington Gas Company’s preference dividend is at the rate of 5 per cent, per annum, payable on June 15. WAIKAKA SALEYARDS The annual report of the Waikaka Public Saleyards Co., Ltd., states that another successful year was experienced. A profit of £3B/12/3 was the result of the year’s workings. The directors during the year carried out a programme of extending the present yards and other services, with very satisfactory results at the big sales in March. More improvements and renewals would be taken in hand in the coming year. To all who had assisted in any way in the work of the extension of the yards, the directors tendered their best thanks. The yardings during the year had been much on the same level as in previous years, and the sales generally had been conducted well, with good prices ruling.