COMMERCIAL

Southland Times, Issue 24545, 20 September 1941, Page 3

COMMERCIAL

INDUSTRIALS ARE EASIER

INVERCARGILL STOCK EXCHANGE Commonwealth industrials continued to ease a little on the Invercargill Stock Exc' ange yesterday. The market otherwise was unchanged. Quotations were as follows:— Government Debentures. — 4 p.c. Stock 1943-46, b £101; 4 p.c. Bonds 1943-46. b £101; 4 p.c. Stock 1946-49. b £105; 4 p.c. Stock 1952-55, b £107; 4 p.c. Bonds 195255, b £107; 3V 2 p.c. Stock 1953-57, b £102; War Loan 1953, b £B6/15/-. Banks.—Commercial, s 15/6; National of New Zealand, s £2; New Zealand, s £2 0/3; Union of Australia, b £7/4/-. Breweries.— Dunedin Brewery Company, s £l/1/-; New Zealand Breweries, b £1 15/3.

Coal.— Kaitangata, s £l/13/6; Westport Coal, b £l/3/9; Westport Stockton (pref.), b 6/6. Insurance.— National, s 19/9; New Zealand, b £3/6/6; South British, s £2/17/-; Standard, b £3/1/-. Loan and Agency.— National Mortgage, b £l/14/6; Trustees’ Executors (Dunedin), b £4/5/-; Wright, Stephenson (pref.), b 19/-. Meat Companies.— Gear Meat Company, b 14/6; New Zealand Refrigerating (£1 paid), b 19/3; (10/- paid), b 8/10; Southland Frozen Meat, b £l/12/3; South Otago Freezing Company, b £4/17/-. Shipping.—Union Steam Ship Company (pref.), b £l/6/-; P. and O. Stock, b £1 10/-. Woollen Mills.—Bruce, b £l/2/9; Kaiapoi (ord.), b 16/-; Mosgiel, b £lO/6/6; Oamaru, b £l/1/6; Wellington Woollens (ord.), b £6/15/-; Bonds Hosiery, b £l/7/6. Miscellaneous.—G. J. Coles, b £3/6/-; D.I.C. (pref.), b £l/4/-; Dominion Fertilizer, b £l/3/-; Dominion Rubber Company, s £l/1/-; Donaghy’s Rope and Twine (rights), b 15/-; McDuffs Ltd. (pref.), s £1; New Zealand Drug, b £3/17/9; New Zealand Farmers' Fertilizers, b 19/6; New Zealand Guarantee Corporation, b 2/6; New Zealand Paper Mills, b £l/12/6; Wilson’s (N.Z.) Cement, b 19/3; Woolworths Ltd., b 17/9; Woolworths Properties Ltd., b £1 5/-. Mining.—Big River, s 1/2; Electrolytic Zinc (pref.), b £2/16/-; Gillespie’s Beach, s 3d; Mount Lyell, s £l/9/6; Mount Morgans, s 10/-; Nokomai, s 1/-; Okarito, s 1/3. DUNEDIN Sales—4 p.c. Stock 1952-55 £107; National Insurance 19/6, 19/7; New Zealand Refrigerating (cont.) 9/-; Donaghy’s (rights) 15/10, 16/3 (2); New Zealand Drugs £3 18/3; Woolworths (N.Z.) ord. 14/4. CHRISTCHURCH Sales on ’Change.—New Zealand Refrigerating (10/- paid) 9/- (2); New Zealand Breweries £l/15/9; New Zealand Farmers’ Co-operative 4‘,2 p.c. Stock 1955 £B5; Woolworths (New Zealand) 14/4. Sales Reported.—4 p.c. Inscribed Stock 1954-58 £lO7/5/-; E. S. and A. Bank £4 2/-; McKenzie’s Ltd. £2/2/-; New Zealand Farmers’ Fertilizer (pref.) £l/3/9; Woolworths (New Zealand) 14/5; Una Hill 1/7',2 (2). WELLINGTON Sales (late Thursday).—4 p.c. Stock 194952 £lO6/10/-; Commercial Bank (ord.) 15/3; New Zealand Refrigerating (cont.) 9/-; New Zealand Breweries £l/16/-. Sales (Friday).—4 p.c. Stock 1952-55 £lO7 Wellington City 4’4 p.c. 1943 £10; Bank of New Zealand £l/19/8; Commercial Bank of Australia (ord.) 15/3; National Insurance 19/6; New Zealand Breweries £l/16/- McDuffs (pref.) 19/-; Gear Meat 15/3. AUCKLAND Sales.—War Loan 1951-54 3 p.c. £97; Commercial Bank of Australia 15/3; E. S. and A. Bank £4/2/6; Bank of New Zealand £1 19/9 (2); National Insurance 19/6; Felt and Textiles £2; Felt and Textiles (rights) 8/(2); New Zealand Breweries £l/16/-; Australian Iron and Steel (pref.) £l/8/3; Consolidated Brick 8/-; Donaghy’s Rope (rights) 16/3 (3)'; Gear Meat 15/3; New Zealand Drug £3/18/3; Sanford (ord.) 4/9; Woolworths (New Zealand) 14/4 (6); Woolworths (Sydney) 17/9; Una Hlil 1/7. Unofficial List.—Farmers’ Trading (C, pref.) £l/0/3. INTEREST REDUCED ON GAS STOCK (P.A.) AUCKLAND, September 19. Taking advantage of the relief afforded by Section 43 of the Finance Act 1941, the Auckland Gas Company has reduced the interest on 5 per cent, perpetual debenture stock to 3| per cent, free of income tax. If the holder of any debentyre sold it before August 31, 1940, the purchaser from him, in terms of the Act, if still holding it by August 31, 1941, may call on the company to redeem it. Similarly, any subsequent purchaser of such debenture still holding it by August 31, 1941, has a similar right of redemption.