COMMERCIAL

Southland Times, Issue 24598, 21 November 1941, Page 10

COMMERCIAL

STOCK EXCHANGE QUOTATIONS Government Loans In Demand Latest Government loans were sought after on the Invercargill Stock Exchange yesterday. The 21J per cent, issue maturing in 1946 had buyers at from £97 to £lOO and the 3 per cent, stock due in 1954 was inquired after at the same price.

Quotations were as follows: — Government Debentures.—4 p.c. Stock, 1943-46, b £lOl/10/-; 4 p.c. Stock, 1946-49, b £103; 4 p.c. Stock, 1952, b £104; 4 p.c. Stock, 1952-55, b £107; 4 p.c. Stock, 1954-58, b £lO7/10/-; 3’/e p.c. Stock, 1953-57, b £lOl/10/-; 3','t p.c. Stock, 1956-59, b £99 10/-; 314 p.c. Stock, 1957-60, b £99/10/-; War Loan, 1953, b £B7/15/-: 2>/ 2 p.c. War Loan, 1946, £97/10/-; 3 p.c., 1951-54, b £97 10/-. Banks.—E.S. and A. Bank, s £4/4/-; National of Australasia, s £l2; National of New Zealand, b £l/19/3; New South Wales, s £2B/10/-; New Zealand, b £l/19/6; New Zealand Long “D” issue, s £l/11/6. Breweries.—Dunedin Brewery Company, s £l/1/-; New Zealand Breweries, b £1 16/-. Coal.—Westport Coal, b £l/4/-; Westport Stockton (pref.), b 6/6. Insurance. —National, b 19/9; New Zealand, b £3/12/-; South British, b £3/3/-; Standard, b £3/3/3. Loan and Agency.—National Mortgage B, b £l/2/-; Perpetual Trustees, b £2/10/-; Trustees* Executors (Dunedin), b £4/5/-; Wright, Stephenson (ord.), b 18/3; (pref.), b 19/-. Meat Companies.—New Zealand Refrigerating (10/- paid), s 9/6; Southland Frozen Meat, b £l/13/6. Shipping.—Union Steam Ship Company (pref.), b £l/6/-; P. and O. Stock, b £1 13/-. Woollen Mills.—Bruce, b £l/4/9; Kaiapoi (ord.), b 17/-; Mosgiel, b £lO/10/-. Miscellaneous.—Australian Iron and Steel, b £l/8/6; Broken Hill Proprietary, b £1 19/-; British Tobacco (Aust.), s £2/7/-; Colonial Sugar Company, s £52/10/-: G. J. Coles, b £3/1/6; D.I.C. (ord.), b 14/3; Hume Pipe (Aust.), b 14/6; 1.C.1. (pref.), b £1 4/6; Milburn Lime and Cement, b £l/17/-; New Zealand Drug, b £4; New Zealand Guarantee Corporation, b 2/9: New Zealand Paper Mills, b £l/14/-; Otago Daily Times, b £l/19/3; Woolworths Limited, s 16/6; Woolworths Properties Limited, b £L6/-. Mining.—North Broken Hill, b £l/19/-; Big River, s 9d; Gillespie’s Beach, s 2>/ 2 d; Mount Morgans, b 9/-; Nokomai, s 1/-; Waihi Investments, b 4/-; Rawang Tin, b 8/6. DUNEDIN Sales Reported.—Stock, 1943-46, £lOl 17/6; Bank of New Zealand £l/19/9; Loan and Mercantile £4l/10/9. CHRISTCHURCH Sales on’ Change.—Beath and Company £1; Booth Macdonald (pref.) 5/-; New Zealand Newspapers £l/14/-. Sales Reported.—Bank of New South Wales £2B; New Zealand Loan and Mercantile (ordinary stock) £4l/10/- (2); New Zealand Breweries (late Wednesday) £1 16/9. WELLINGTON Sales.—Late Wednesday, National Bank of Australia £5/12/6; National Bank of New Zealand £2; Commercial Bank 14/6; New Zealand Refrigerating (cont.) 9/5; Gear Meat 15/-: Consolidated Brick 8/-; Thursday. 3*4 p.c. Stock, 1956-59, £lOO/12/6 (2); War Loan £BB/10/-; National Bank of New Zealand £2; Wellington Gas (ord.) £l/11/-; Colonial Sugar £5O/17/6; Electrolytic Zinc (ord.) £2/11/-; Farmers Trading £l/2/-; MacDufts Limited (pref.) £l/0/6. AUCKLAND Sales.—Stock, 1953-57, 3>/a p.c., £103; 1952-55, 4 p.c., £lO7/10/-; National Bank of Australasia (con.) £5/12/6; Bank of New South Wales £2B; Bank of New Zealand £l/19/9 (2); National Insurance £1; New Zealand Insurance £3/12/6; South British £3/4/-; New Zealand Loan and Mercantile £4l/10/- (lat-j sale), £4l/10/-; A.C.I. £2 6/3; Booth Macdonald (pref.) 5/-; Colonial Sugar £5l (2); Electrolytic Zinc (ord) £2 11/-; Gear Meat 15/-; Selfridge’s (Australasia) £l/0/4>/ 2 ; Woolworths (New Zealand) 14/9 (2). Unofficial List.—Selfridge's (New Zealand) 6/6. RESERVE BANK RETURN (Special) WELLINGTON, November 20. The statement of the assets and liabilities of the Reserve Bank of New Zealand at the close of business on Monday, November 17, is as follows:—

LIABILITIES £ £

Proportion of reserve to notes and other demand liabilities 35.529 per cent. (37.413 per cent. last week). GOLDSBROUGH MORT’S DIVIDEND (P.A.) WELLINGTON, Nov. 20. Cable advice has been received that Goldsbrough Mort and Company has declared an interim dividend of 2 per cent. WOOLWORTHS’ DIVIDEND (P.A.) WELLINGTON, November 20. Woolworths (N.Z.) Ltd. advise that the directors are recommending at the annual meeting to pay in December a dividend of 9 per cent., making 14 per cent, for the year. The net profit for the year ended October 1, after providing £212,250 for taxation, amounts to £940,612.

General reserve fund 1.500,000 1,500,000 Nov. 17 Nov. 10 Bank notes 22,279,669 22,119,504 Demand liabilities— State 8,487,805 9,085,374 Banks 8,912,541 8,084,610 Other 360,117 352,090 Other currencies 26,103 17,145 Other liabilities 1,044,786 1,020.777 TOTAL 42,611,021 42,179,500 ASSETS Reserve gold 2,801,874 2,801,874 Sterling exchange 11,450,030 12,046,393 Subsidiary coin 58,157 61,684 Advances— Marketing 6.429,447 5,396,663 Other 16,500,000 16,500,000 Investments 3,842,379 3,842,379 Other assets 1,529,134 1,530,506 TOTAL 42.611,021 42,179,500