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COMMERCIAL
BUYERS FOR WAR LOAN
INVERCARGILL STOCK EXCHANGE
Government securities received steady attention on the Invercargill Stock Exchange yesterday. War Loan 1953 had buyers at £B7/10/- and inquiry for the new 3 per cent. War Loan due 1954 was at £97. 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 £lO4/15/-; 4 p.c. Bonds 1946-49, b £lO4/15/-; 4 p.c. Stock 1949-52, b £lO4/15/-; 4 p.c. Stock 1952-55, b £106; 4 p.c. Bonds 1952-55, b £106; 3)4 p.c. Stock 1953-57, b £101; War Loan 1953, b £B7/10/-; 3 p.c. War Loan 1954, b £97. Banks.—Australasia, b £B/10/-; Commercial, b 15/-; National of New Zealand, s £1 19/3; New Zealand, s £2/0/3; New Zealand Long “D” issue, b £l/11/6; Union of Australia, b £7/5/-. Breweries.—Dominion Brewery, b £1 10/6; Dunedin Brewery Company, s £l/1/-; New Zealand Breweries, b £l/16/-.
Coal. —Kaitangata, b £l/12/3; Westport Coal, b £l/4/9; Westport Stockton (pref.), b 6/6. Insurance. —National, b 19/11; New Zealand, b £3/9/6; Standard, b £3/2/6. Loan and Agency.—Daigety and Company, b £6/5/-; National Mortgage, b £l/17/-; Trustees’ Executors (Dunedin), b £4/5/-; Wright, Stephenson (ord.), s 19/-; (pref.), b 19/-; Perpetual Trustees, b £2/10/6. Meat Companies.—New Zealand Refrigerating (£1 paid), b £l/0/9; (10/- paid), b 9/1; Southland Frozen Meat, b £l/12/6. Shipping.—Howard Smith, b £l/1/-; Hud-dart-Parker, s £2/6/-; Union Steam Ship Company (pref.), b £l/6/-; P. and O. Stock, b £l/10/-.
Woollen Mills.—Bruce, b £l/3/9; Kaiapoi (cont.), b 5/6; Mosgiel, b £lO/10/-; Oamaru, b £l/4/-; Bonds Hosiery, b £l/9/3. Miscellaneous.—Broken Hill Proprietary, s £2/3/-; D.I.C. (pref.), b £l/4/9; Dominion Fertilizer, b £l/3/3: Dominion Rubber Company. s £1; Donaghy’s Rope and Twine, b £2/8/-; 1.C.1. (pref.), b £l/4/6; McDuffs Ltd., s 9/6; New Zealand Drug, b £3/18/3; New Zealand Paper Mills, b £l/13/6; Otago Daily Times, b £l/18/-; Woolworths (N.Z.), s 14/6; Woolworths Properties Ltd., b £1 5/9. Mining.—Broken Hill South, b £l/8/-; Electrolytic Zinc (ord.), b £2/13/-; (pref.), b £2/15/-; Gillespie’s Beach, s 2%d; Mount Lyell, b £l/8/-; Mount Morgans, s 9/6; Nokomai, s 1/-; Okarito, s 1/9; Waihi Investments, b 4/-; Grey River, b 15/6. DUNEDIN Sales.—National Bank of New Zealand £1 19/-; Wright, Stephenson (ord.) 18/-; New Zealand Farmers’ Fertilizer £l/0/6; Woolworths (Sydney) 17/4. CHRISTCHURCH Sales on ’Change.—Woolworths Ltd. 17/5 (5). Unlisted stock—Associated Gold Dredges (15/- paid) 14/-. Sales Reported.—4 p.c. Inscribed Slock 1943-45 £lOl/12/6: Westport Stockton Coal 2/7 (2); Woolworths Ltd. (late sale Friday) 17/4/2 (2); Woolworths (N.Z., late sale Friday) 14/3, 14/3. WELLINGTON Sales (late Friday).—Newton King (pref.) 11/-; National Insurance £1; South British Insurance £3/1/6; Woolworths Ltd. 17/4 (3); Woolworths (N.Z.) 14/3; Mount Lyell £1 8/6. Sales (Monday).—4 p.c. 1954-58 Stock £lO7/10/-; National Bank of New Zealand (odd lot) £l/19/-; National Insurance £1; Gear Meat 15/-; Booth, McDonald (pref.) 4/6. AUCKLAND Sales.—Stock 1956-59 3‘/ 4 p.c. £lOO (late sale); Bank of New Zealand £2 (2); National Insurance £1; New Zealand Insurance £3/10/- (late sale); South British £3 1/3 (late sale), £3/1/3 (2); Westport Stockton (ord.) 2/7 (late sale); Taupo Totara 5/4; Broken Hill Proprietary £2/2/9; Moturoa Oil 2/6; Woolworths Properties £l/6/9; Woolworths (Sydney) 17/4 (late sale), 17/4; Mount Lyell £l/8/6. SYDNEY (Rec. 10.10 p.m.) SYDNEY, October 13. On the Stock Exchange leading industrials were inclined to weaken, but other sections of the market remained fairly stable. Sales. —Colonial Sugar £49/5/-; Ainalgamated Textiles 10/9; Anthony Hordern 15/6; British Tobacco (pref.) £l/9/-; Australasian Paper £l/17/-; New Broken Hill 15/9; North Broken Hill £2/4/3; Mount Lyell £1 7/71,2; Electrolytic Zinc £2/11/3; Raawng 8/11; Oil Search 4/11; Claude Neon £l/3/9; Goldsbrough, Mort £l/7/9; Australian Iron and Steel (pref.) £l/10/-. DOMINION’S OVERSEAS TRADE (P.A.) WELLINGTON, October 13. Following are the overseas trade figures for New Zealand for August (New Zealand currency):—
GILLESPIE’S BEACH RETURN (P.A.) DUNEDIN, October 13. The Gillespie’s Beach return was 18oz 9dwt for 134 hours and 16,400 yards. CLUTHA AND OKARITO RETURNS (P.A.) DUNEDIN, October 13. The Clutha dredge return was 60oz for 249 hours. The Okarito return was soz 9dwt for 115 hours.
Exports Imports Excess of £ X; Imports £ 1941 2.614,000 4,091,000 1,477,000 1940 4,584,000 5,120,000 536,000 1939 4,099,000 4,174,000 75,000 For the eight months ended August the figures were: — Exports Imports Excess of £ £ Imports £ 1941 44,467,000 30,486,000 13,981.000 1940 54,245,000 34,050.000 20,195,000 1939 44,478,000 36,440,000 8,038,000
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Bibliographic details
Southland Times, Issue 24565, 14 October 1941, Page 2
Word Count
710COMMERCIAL Southland Times, Issue 24565, 14 October 1941, Page 2
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COMMERCIAL Southland Times, Issue 24565, 14 October 1941, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
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