Commercial INVERCARGILL STOCK EXCHANGE

Southland Times, Issue 25505, 27 October 1944, Page 2

Commercial INVERCARGILL STOCK EXCHANGE

The following prices were quoted at a call-over of file Invercargill Stock Exchange yesterday:— GOVERNMENT DEBENTURES.— 4 p.c, Stock, 1952-55, s £106; War Loan, 1953, s £94; 1953-56, 3 p.c. (December), b £9B; 3 p.c., 1960-63, s £97/5/-. BANKS.— Commercial of Sydney, s £22; National of New Zealand, s £2 15/3; New Zealand, s £2/5/-; New Zealand Long “D” issue, b £l/13/-, s £l/13/9. BREWERIES.— Dunedin Brewery Co., b £l/7/-, s £l/8/-; New Zealand Breweries, b £2/2/-, s £2/2/6. COAL.— Kaitangata, s £l/9/-; Westport Coal, b £l/7/-, s £l/8/-. INSURANCE.— NationaI, b £l/4/-, s £l/5/-; New Zealand, b £4/8/-, s £4 9/-; Standard, b £3/19/-. LOAN AND AGENCY.— National Mortgage, b £3/8/-; Perpetual Trustees, b £2/10/-; Wright, Stephenson (ord.), b £l/7/-, (pref.), b £l/5/3, s £l/6/3. „ , , MEAT COMPANIES.— New Zealand Refrigerating, 20/- paid, b £l/8/-, 10/paid, b 13/6, s 14/-; Southland Frozen Meat, s £2/11/-. , , SHIPPING.— P. and O. Stock, b£2 MILLS.— Bruce, s £1 14/;- Kaiapoi (ord.), s £l/3/9; Mosgiel, b £l4; Timaru, s £l/1/-. MISCELLANEOUS.— Broken Hill Proprietary, s £2/6/-; D.I.C. (ord.), b £l/1/-; McDuffs Ltd., b 16/-;. McKenzie’s Department Stores, Ltd., b £3 3/-, s £3/4/6; Milburn Lime and Cement, b £l/15/6; New Zealand Drug, b £4/18/6; New Zealand Guarantee Corporaton, b 3/11; New Zealand Paper Mills, b £2/1/-; Otago Daily Times, b £2/11/6; Woolworths Ltd., s £l/1/3; Woolworths (N.Z.), s £l/1/3; Claude Neon, b £l/8/6; K.D.V. Boxes, b 11/-. MlNlNG.— Broken Hill South, b £1 7/.—; Electrolytic Zinc (ord.), b £2/16/-, (pref.), b £2/16/6; Mount Lyell, b £1 11/-, s £l/12/-; Mount Morgans, s 8/-. SALE REPORTED.— N.Z. Government Stock, 4 p.c., 15/4/46-49, £lOO 2/6.

NORTHERN EXCHANGES AUCKLAND.— Stock 1960-63 3 p.c., £96; 1953-57, 3J p.c., £lO2/2/6; 1946-49, 4 p.c., £lOO/5/-; Hamilton Borough Council, 1954, 4J p.c., £107; Newmarket Borough Council, 1950, 4| p.c., £lO5 5/-; Bank of New South Wales, £35 10/- (2); E. S. and A. Bank, £4/6/6; National Insurance, £l/4/71; Northern Steam, 10/4; Colonial Sugar, £57/5/-, £57/10/- (2); Consolidated Brick, 10/3; Claude Neon Industries, £l/6/3; Fletcher Holdings, £l/5/9; (new issue), £1 5/6 (2); Henry Jones, £2/13/-; K.D.V. boxes, 11/3; Macduffs, 16/-; Sanford, 8/3 (2); Wool Bonds, 1948, £l/0/1. WELLINGTON.— 3J p.c. Stock, 195659, £lOO/11/3; 3 p.c. Stock, 1953-56, £9B 5/-; Loan and Mercantile (ord.), £73; New Zealand Breweries, £2/2/3; Fletcher Holdings (new), £l/5/6; 3 p.c. Stock, 1960-63, £96; 2J p.c. Stock, 1947, £9B; 2| p.c. Stock, 1947, £9B; 2i p.c. Stock, 1947-49, £97/5/-; Bank of New Zealand, £2/4/9. CHRISTCHURCH.— Bank of New South Wales, £35/15/-. Sales reported: E. S. and A. Bank, £4/6/6; N.Z. and River Plate, £l/0/3; Westport Coal, £1 7/6; N.Z. Breweries (late Wednesday), £2/2/3; Australian Foundation Investment, 5/24, 5/3; Claude Neon (N.Z.), £1 9/9; Grey River, 12/-. Unlisted Stock: Sales reported, Amalgamated Batteries (ord.), 17/6. DUNEDIN.— SaIes reported: Inscribed Stock, 3 p.c., May 1953-56, £9B/10/-; Consolidated Brick, 10/3; Bank of New Zealand, £2/4/9; Westport Coal, £1 7/6; Bruce Woollens (ord, odd lot), £1 12/6; McKenzies Stores, £3/3/-; Coulls Somerville’ and Wilkie, £l/5/6.

SOUTH BRITISH INSURANCE (P.A.) AUCKLAND, October 26. “The company has had to face one or two exceptionally heavy blows during the year and it seemed at one stage that we would be unable to submit a statement equal to the standard of previous years. It is, therefore, all the more satisfactory that we are now able to show a surplus eclipsing anything previously reached,” said Mr V. J. Larner, chairman of directors, at the annual meeting of the South British Insurance Company today. Referring to marine insurance, Mr Larner - ' said he hoped events would justify further steady reductions during the ensuing months. The fire revenue had been more than maintaiped in most fields, but had fallen away a little in New Zealand because of reductions in rates and the decreased earthquake premium. In Australia the company had been heavily involved through the Victorian bush fires in January last, the amount paid out by the company being £67,000. This was the heaviest net loss for one event in the company’s history. Later in the year the company had been faced with another heavy disaster in the docks in Bombay, involving cargoes in many vessels. The losses had not yet been fully adjusted, but it was anticipated they would not exceed £25,000. CLAUDE NEON DIVIDEND (P.A.) AUCKLAND, October 26. Claude Neon has recommended a dividend of 5 per cent., the first since 1940. GILLESPIE’S BEACH (P.A.) DUNEDIN, October 26. The Gillespie’s Beach return was 40oz sdwt for 99 hours and 12,942 yards.