COMMERCIAL

Southland Times, Issue 24446, 28 May 1941, Page 2

COMMERCIAL

STOCK EXCHANGE QUOTATIONS GOVERNMENT STOCKS SOUGHT There was strong inquiry for most lines of Government Stocks on the Invercargill Stock Exchange yesterday morning. Banking shares were almost neglected by buyers. The miscellaneous section was unchanged. Mining stocks had a fair inquiry only. Quotations were as follows: — Government Debentures. —4 p.c. Stock 1940-43, b £lOO/15/-, s £lOl/2/6; 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>/ a 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/-; Commercial, s 14/-; E.S. and A. Bank, s £4/2/6; National of New Zealand, s £l/16/-; New Zealand, b £l/17/3, s £l/18/-; Union of Australia, s £6/15/-.

Breweries.—Dominion Brewery, b £l/8/6; Dunedin Brewery Company, s £l/2/-. Coal.—Westport Coal, b £l/2/9, s £l/3/6; Westport Stockton (pref.), s 6/9. Insurance.—National, s 18/9; New Zealand, s £3/2/6; 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; Perpetual Trustees, b £2 11/6.

Meat Companies.—New Zealand Refrigerating (£1 paid), b 16/6; (10/- paid), b 7/-; Southland Frozen Meat, s £l/12/6. Shipping.—P. and O. Stock, b £l/4/-. . Woollen Mills.—Bruce, b £l/0/9; Kaiapol (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; 1.C.1. (pref.), b £l/4/-; McDuffs Ltd. (pref.), s 19/6; McLeod Bros’ Soap, s £27; Milburn Lime and Cement, s £l/18/-; New Zealand Drug, b £3/16/9; New Zealand Farmers’ Fertilizers (pref.), s £l/2/6; New Zealand Paper Mills, b £1 10/-; Wilson’s (N.Z.) Cement, b 18/9; Woolworths Ltd., b 16/-; Woolworths (N.Z.), b 13/-: Southland Ice Cream, b £l/4/-.

, Mining.—Broken Hill South, b £l/2/-; North Broken Hill, b £l/16/-; Big River, s 1/1; Electrolytic Zinc (ord.), b £2/10/-; Mount Lyell, s £l/7/6; Mount Morgans, s 9/1; Nokomai, s 1/6; Okarito, b lid; Austral (N.Z.), s £l/7/-; Grey River, b 15/-. DUNEDIN Sales.—4 p.c. Stock 1954-58 £lO7/10/- (2); National Insurance 18/6. Unlisted.—J. J. Niven 8/7. CHRISTCHURCH Sale on 'Change.—New Zealand Refrigerating 4'/< p.c. 1945 £lO2. Sales Reported.—Booth, Macdonald 5 p.c. 1947 £7B/10/- (late Monday); Austral (N.Z.) £l/3/-. WELLINGTON Sales (late Monday).—Consolidated Brick 6/4; Dunlop Rubber £l/1/6; Electrolytic Zinc (pref.) £2/14/6; Mount Morgan 9/-. Sales (Tuesday).—4 p.c. Stock 1943 £lOl 5/-; 1946 £lO3 (2); Broken Hill Proprietary £2/2/6; National Electric £1; Woolworths (New Zealand) 13/3. AUCKLAND Sales.—Renown Collieries 1954 6 p.c. £100; Auckland Gas 1949 5 p.c. £lOO/10/-; Auckland Gas (perpetual stock) £95/10/-; National Bank of New Zealand £l/14/- (late sale); Bank of New Zealand £l/17/3; N.Z. Insurance £3/2/6 (odd lot) £3/3/-; South British £2/12/3; Australian Iron and Steel (pref.) £l/6/IV 2 ; Claude Neon (New Zea-i land) 15/-; Consolidated Brick 6/3; Mount Morgan 9/- (late sale).

RECORD DONAGHY’S ROPE AND TWINE GOY. (Special) DUNEDIN, May 27. The fact that the first year’s trading of the company’s extended operations, together - with other factors, had resulted in a record turnover was mentioned by the chairman of directors of Donaghy’s Rope and Twine Coy., Ltd., Mr J. H. Meek, at the annual meeting of shareholders. Mr Meek attributed this fact to two main reasons: reorganization of the industry .in tire Dominion and import restrictions. In his comment on the annual report Mr Meek said the changes in, and expansion of, the company’s activities had been fully justified. The wider ramifications of the business indicated a surer safeguard against the future.) What did concern the directorate and! the executive was the heavy drain on the ready cash for taxation and expan-j sion. No one, however, should object to paying taxes in order that the war effort might be carried on vigorously so long as the weight of those taxes did not have the ultimate effect of reacting to the serious detriment of industry and the general economy of the Dominion.

McNAB STOCK SALE

Cattle made up most of the yarding forward at the fortnightly McNab stock sale yesterday. The cattle forward included some nice lines offered by Mr, R. D. Smith (McNab), through the Southland Farmers’ Co-operative Asso - ciation, Ltd., and the top price realized was £ll/17/6 for a prime bullock. Other prices secured were £ll/15/-, £ll/5/- and £ll. Fat steers brought up to £9/7/6, while fat cows realized £9. Dairy cows made £5/17/6, one cow being passed in at a better price.