COMMERCIAL

Southland Times, Issue 24484, 11 July 1941, Page 2

COMMERCIAL

MINING SHARES ACTIVE Quotations On Stock Exchange There was no change in the market for bank shares on the Invercargill Stock Exchange yesterday. Bonds were quiet, but the War Loan was firmer, with buyers at £B4/15/-. Better inquiry came for overseas mining stocks. Quotations were as follows;— Government Debentures. —4 p.c. Stock 1943-46, b £lO2/5/-; 4 p.c. Bonds 1943-46, b £lO2/5/-; 4 p.c. Stock 1946-49, b £lO3 10/-; 4 p.c. Bonds 1946-49, b £lO3/10/-; 4 p.c. Stock 1949-52, b £lO4/5/-; 3% p.c. Stock 1953-57, b £lOl/10/-; War Loan, b £B4/15/-. Banks.—Australasia, s £B/7/-; Commercial, b 13/10; Commercial, pref., 4 p.c. (cum.), b £B/15/-; National of New Zealand, b £l/13/6; New Zealand, s £l/16/-; New Zealand Long "D” issue, b £l/7/6. Breweries.—Dunedin Brewery Company, s £l/1/6; New Zealand Breweries, b £1 11/7, s £l/12/6. Coal.—Westport Coal, b £l/2/6, s £l/3/6; Westport Stockton (pref.), b 6/2.

Insurance. —National, b 18/5; South British, b £2/12/3; Standard, s £3/1/-. Loan and Angency.—Goldsbrough, Mort and Company, b £l/5/6; National Mortgage, b £l/10/6, s £l/12/-; Trustees’ Executors (Dunedin), b £4/4/-; Wright, Stephenson (ord.), s 19/9; Perpetual Trustees, b £2/10/6.

Meat Companies,—New Zealand Refrigerating (£1 paid), b 16/9; (10/- paid), b 7/5, s 7/9.

Shipping.—Union Steam Ship Company (pref.), b £l/6/3; P. and O. Stock, b £1 5/Woollen Mills.—Bruce, b £l/1/6; Kaiapoi (ord.), b 15/6; Mosgiel, b £10; Oamaru, b £l.

Miscellaneous.—Broken Hill Proprietary, b £2/2/-; British Tobacco (Aust.), s £2 6/6; G. J. Coles, b £3/1/-; D.I.C. (pref.), b £l/4/-; Dominion Fertilizer, s £l/4/-; Dominion Rubber Company, s £1; Donaghy’s Rope and Twine, s £2/11/6; 1.C.1. (pref.), b £l/3/9; McDuffs Ltd. (ord.), s 10/-; Milburn Lime and Cement, b £1 17/-; New Zealand Drug (£1 paid), s £2 10/-; New Zealand Guarantee Corporation, b 2/-, s 2/4; New Zealand Paper Mills, b £l/10/6; Woolworths Ltd., b 16/-; Woolworths (N.Z.), b 12/10; Woolworths Properties Ltd., b £l/4/-. Mining.—Broken Hill South, b £l/4/-; North Broken Hill, b £l/17/6; Electrolytic Zinc (ord.), b £2/11/-; (pref.), b £2/13/-; Mount Lyell, b £l/7/3, s £l/7/9; Mount Morgan, b 8/11; Nokomai, s 1/2. DUNEDIN Sales.—3% p.c. Stock 1953-57 £lOl/17/6; 4 p.c. Stock 1949-52 £105; National Insurance 18/7; New Zealand Refrigerating (cont.) 7/5%; Waitaki Farmers £4/9/-; National Mortgage £l/11/-; Milburn Lime £1 | 17/6; Electrolytic Zinc (rights) £l/9/-. CHRISTCHURCH Sales on ’Change.—New Zealand Refrigerating (10/- paid) 7/6; Waihi Investments 4/8. Sales Reported.—New Zealand Government 3‘,4 p.c. Inscribed Stock 1953-57 £lOl 17/6; Union Bank of Australia (late sale Wednesday) £6/9/-; National Insurance 18/7; Dalgety and Co. £6/10/-; National Insurance A £l/11/-; Ne .wZealand Refrigerating (10/- paid) 7/6; Mosgiel Woollens £lO. WELLINGTON Sales (late Wednesday).—Auckland Gas 5/9; New Zealand Drug (cont.) £2/9/3; Woolworths Holdings (South Africa) 15/-. Sales (Thursday).—4 p.c. Stock 1952 £105; South British Insurance £2/13/-; Oamaru Woollens £l/0/6; New Zealand Breweries £l/11/10%. AUCKLAND Sales.—Stock 1953-57 3% p.c. £102; 194649 4 p.c. £lO3/12/6; 1952-55 4 p.c. £105; National Bank of New Zealand £l/14/3; Union Bank £6/9/-; South British £2/13/6; Northern Steam (paid) 3/6; Auckland Gas 5/9, National Timber 6/6 (late sale); Mosgiel Woollens £lO (late sale); New Zealand Breweries £l/11/10% (late sale); Colonial Sugar £54; Electrolytic Zinc (rights) £1 8/9; New Zealand Refrigerating (cont.) 7/5/1 2 ; Woolworths (New Zealand) 13/(late sale); Woolworths Holdings (South Africa) 15/-, 15/1%. A sale of 4 per cent. Stock 1943-46 reported yesterday was at £lO2/10/-, not £lO2 2/6. GREY RIVER RETURN (P.A.) WELLINGTON, July 10. The Grey River dredging return for the week ended July 9 was 173?0z for 118 hours and 88,889 cubic yards. SALE OF DAIRY HERD Henderson and Co., Ltd., in conjunction with the Southland Farmers’ Co-operative Association Ltd. report having held a successful dispersal sale of Mr W. A. Wylie’s dairy herd. There was a large attendance of buyers and the whole herd, which came forward in splendid condition, was sold under keen competition, and averaged the very satisfactory figure of £l3/10/- for the cows. The heifers averaged £lO/10/-. The few implements, lorry and milking plant were sold at full market rates. Prices were as follows:—Dairy cows at £2l, £lB/10/-, £l6/10/-, £l7/5/-, £l7/10/-, £l6, £l9, £l5/10/-, £l5 5/-, £l5, £l4/10/-, £l4/5/-, £l4, £l3/10/-, £l3/5/-, . £l3, £l2/15/-, £l2/10/-, £ll/5/-, £ll, £lO/10/-, £lO. Dairy heifers at £ll/15/-, £lO 7/6, £ll/12/6, £lO/5/-, £lO, £9/2/6. Motor lorry £2BO, milking plant £l7 10/—, milk cooler £4/10/-, 20 milk cans from 22/- to 27/6.