Commercial INVERCARGILL STOCK EXCHANGE

Southland Times, Issue 25538, 5 December 1944, Page 3

Commercial INVERCARGILL STOCK EXCHANGE

The following prices were quoted at the call-over of the Invercargill Stock Exchange yesterday:—

GOVERNMENT DEBENTURES—4 percent. Stock 1946-49, b £lOO/10/-; 4 per cent. Stock 1952, b £lO2/5/-; 4 per cent. Stock 1952-55, b £lO5/10/-; 4 per cent. Stock 1954-58, b £107; 3’/a per cent. Stock 1953-57, b £lOl 10/-; 3'A per cent. Stock 157-60, b £100; War Loan 1953, b £94; 2*/2 per cent. War Loan 1946, b £99; 3 per cent. 1951-54, b £9B/10/-; 1955-56 3 per cent. May, b £97/10/-. BANKS—Commercial, s 18/-; National of New Zealand, s 53/6; New South Wales, s £35/5/-; New. Zealand, b 46/4, s 46/7; New Zealand Long “D” issue, b 30/-. BREWERIES—Dominion Brewery, b 45/6, s 46/9; Dunedin Brewery Co., b 27/9; New Zealand Breweries, b 43/-. COAL—Westport Coal, b 28/9, s 29/9. INSURANCE—NationaI, s 24/6; New Zealand, b 86/9; Standard, b 79/-, s 80/-. LOAN AND AGENCY—Perpetual Trustees, b 50/-; Trustees’ Executors (Dunedin), b 100/-; Wright, Stephenson (ord.), b 27/6; N.Z. Loan Company, s £75. MEAT COMPANIES—N.Z. Refrigerating, 20/- paid, b 28/3; 10/- paid, b 13/7, s 13/9; Southland Frozen Meat, s 50/-; South Otago Freezing Co., b £6/10/-; Waitakl Freezing, s £7/12/-. SHIPPING—Huddart Parker (pref.), b 30/-; Union Steam Ship (ex div.), b 31/3; P. and O. Stock, b 49/-. WOOLLEN MlLLS—Bond’s Hosiery, b 46/-: Bruce, b 32/6. s 34/-; Kaiapoi (ord.), s 22/6. MISCELLANEOUS—Broken Hill Pty., s 45/-; British Tobacco (Aust.), b 48/6, s 49/6; Colonial Sugar Co., b £56; G. J. Coles, s 69/-; D.I.C. (pref.), b 26/6; Dominion Fertilizer, s 27/-; Donaghy’s Rope and Twine, b 66/-, s 69/-; 1.C.1. (pref.), b 27/-; Macduffs, Ltd., b 16/4; McKenzie’s Dept. Stores, Ltd., s 63/3; McLeod Bros.’ Soap, b £24; Milburn Lime and Cement, s 36/-; New Zealand Drug, b 101/; N.Z. Guarantee Corporation, b 4/-, s 4/4; Otago Daily Times, s 53/-; Southland Ice Cream, b 28/-; Woolworths (N.Z.), s 21/4. MlNlNG—Electrolytic Zinc (ord.), s 57/-; Gillespie’s Beach, s 3d; Martha Gold Mining, b 9/-; Mount Lyell, s 31/3; Mount Morgans, s 7/-. SALE REPORTED—I 949-50 2Y* per cent. Stock, £96/5/-. NORTHERN EXCHANGES DUNEDIN—Bank of New Zealand, £2/6/3. Sales reported: Standard Insurance (late Friday), £3/19/6; National Insurance (late Friday), £l/4/3; Bank of New Zealand, £2/6/3; Milburn Lime, £l/15/-. CHRISTCHURCH—WooI Bonds 1949, 19/3; Wilson's Cement, 17/9. Sales reported: D.I.C. (10/- paid), £l/1/6 (odd parcel); N.Z. Farmers’ Co-op. (A pref.), £3/10/-; Woolworths (Sydney ord.), £l/1/3; Westport Coal, £l/9/9. WELLINGTON—Late sales Friday, 3 p.c. Stock 1953-56, £99; 3’/ 2 per cent. Stock, 1957-60, £lOO/12/6; Loan and Mercantile, £72/10/-. Sales yesterday: 3 per cent. Stock 1953-56, £97/10/-; Abraham and Williams, 11/-; D.1.C., £l/1/6; Milburn Lime, £l/15/-; Wilson’s Cement, 17/9. AUCKLAND—Ist Liberty Loan 1947, 2% per cent., £9B/10/-; 2nd Liberty Loan, 1948, 2*/ 2 per cent., £97/10/- (2); 3rd Liberty Loan 1953-56, 3 per cent., £99; Thames Borough Council, 1972 3 per cent., £B3/10/-; South British, £3/16/-; Dominion Investment, £1 3/9; Leyland O’Brien, £l/4/< Dominion Breweries, £2/6/6; Bycroft, £2/12/6 (2), Wilson’s Cement, 17/9; Mt Morgan, Unofficial list: Whakatane Paper, 5/3; Winstone’s Rights, 2/-. AUSTRALIAN 7 BANKING SHARES Sharp Falls Recorded In London (Rec. 9.30 p.m.) LONDON, December 4. The revival of the suggestion that the Australian Government intends to nationalize the banks has brought sharp falls in Australian bank shares in London. However, it appears that investors were more disturbed than bankers who regard the fall in shares as overdone. At present prices they show yields ranging from 6 Yb per cent, on the Bank of Australasia to nearly 7 per cent, on the English, Scottish and Australian Bank and the Union Bank of Australia. These are almost double the yields available on home banking shares. INCREASED INCOME LAST YEAR T. And G. Mutual Life Assurance Society The new business completed in the ordinary department during the year comprised 25,139 policies, assuring £8,622,174 and £7370 per annum of annuities (excluding temporary assurances with sums assured amounting to £110,685), and in the Industrial Department 81,132 policies assuring £4,863,151, states the sixty-eighth annual report of the directors of the Australasian Temperance and General Mutual Life Assurance Society, Ltd., for the year ended September 30, 1944. In both departments 106,271 policies, assuring £13,485,325, were issued. In the accident department 4164 personal accident and sickness policies, assuring £1,308,689, were issued during the year and accident benefits, assuring £1,555,344, were added to 8515 ordinary and industrial policies. The income for the year amounted to £7,828,690, an increase of £403,810 on the total for the previvous year. The income from premiums totalled £6.047,837 and the income from interest £1,780,853. Payments to policy-holders amounted to £3,285,410. The amount paid in death claims w as slightly below last year’s total, but claims under maturing endowment and endowment assurance policies amounted to the large sum of £2,266,579. The funds of the society had increased by £2,936,287 to £43,825,838, comprising £24,852,520 in the Ordinary Department, £18,714,168 in the Industrial Department, and £259,150 in the Accident Department. The interest rate for the year on the mean funds was £4/4/1 per cent., the reduction in the rate reflecting the extent of the society’s assistance in raising the various Government war loans. The assets now amounted to £45,430,347, of which £30,926,739 or 68.1 per cent, was invested in Government, municipal, and other public body securities. The society’s contributions during the year to the war loan issues of the Commonwealth and New Zealand Governments amounted to £4,425,000. GILLESPIE’S BEACH AND CLUTHA RETURNS (PA.) DUNEDIN, December 4. The Clutha dredge return was 198 oz for 109 hours’ work. The Gillespie’s Beach return was 390 z lOdwt for 126 hours and 16,500 yards. BALLIN’S BREWERY LTD. (P.A.) WELLINGTON, December 4. The directors of Ballin’s Brewery (N.Z.) Ltd. have recommended a final dividend of 3 per cent., making 5 per cent, for the year. ANTHONY HORDERN AND SONS (P.A.) WELLINGTON, December 4. Cabled advice has been received that Anthony Hordern and Sons Ltd. have declared a dividend of 7*/ 2 per cent, per annum on preference shares and 5 per cent, per annum on ordinary shares. DREDGING - RETURNS (P.A.) GREYMOUTH, December 4. The following are the November returns

for the dredges named:— Oz Hrs Yds Barrytown 247 399 149,000 Kanierl 858 503 165,000 Arahura 2051 557 307,000