Page 14 Advertisements Column 4

Timaru Herald, Volume CXLV, Issue 21085, 11 July 1938, Page 14

BANKING There was a much firmer market and a brighter tone in evidence in the banking section. The rise in the dividend of National of New Zealand followed by an increase from 6 2-3 per cent, to 74 per cent, for Commercial of Australia, added strength to the buying. Commercial of Australia rose from 15/10 to 16/8. New Zealand's were firm at 43/-. Union Banks rose from £B/7/- to £B/13/6. Australasia’s were much better at up to £9/17/-. E. S. and A. Banks rose from £5 to £5/3/-. National of New Zealand had buyers at 55/6, cum div, but sellers were : .ticent. Commercial of Sydney sold at £2O/7/6. INSURANCE All the local insurance companies' shares were competed for and maintained good values. South British sold at 46/- and 46/3. Standards brought 56/-. Nationals realised 17/6. New Zealand’s showed a tendency to rise at 55/6 and 55/9. Queensland's were lower at 50/9. LOAN AND AGENCY More attention than is usual —as paid to the scrip of pastoral companies. Dalgety’s had sales at £B/3/-. Wright and Stephenson’s prefs, changed hands at 20/6. National Mortgages, A issue, were sold at 43/- to 45/-. IT.Z. Farmers' Co-op., 44 per cent, stock, 1949, and 1955, was turned over at £93/15/- while the issue due 1951 brought £9l/15/N.Z. Guarantee Corporation sold at 4/4. Goldsbrough Morts, are between 28/4 and 28 8. BREWERIES Brewery shares participated in the revival and a much keener demand was shown for this scrip. Dominion which is doubling its nominal capital realised 36/-. New Zealand's went up to 43/-. Carlton’s were steady at 65/9. Toohey's had sales at 31/- and 31/14. Tooth’s showed improvment at 54 8. COAL The demand for shares in coal companies was not quite as good as it was. Westports brought 24/6 and there are sellers at that figure, buyers three pence less. Stockton p: made G/6. The ordinary are wanted at 3/7 but holders are asking 4/-. MISCELLANEOUS There was a market improvement in prices of many industrial shares. Several increases in values were recorded and more confidence in the future was shown by investors. Australian Glass rose from 90/- to 97/6. Anticipations that some benefits will be given to shareholders have long been held but as yet dividend has been kept at 15 per cent, although net profits for the last three years have been 20.4. 23.1

and 29.2 per cent, on ordinary capital. Dunlop Rubber rose from 20/10 to 22/3. N.Z. Drugs were better at 69/9. Woolworths (Sydney) went up to 23/-. Woolworths Properties, 10/- paid sold at 14/-, the best price given so far. Woolworths <S. Africa) sold at 15/3. Mackenzie’s rose from 61/- to 63/6. British Tobaccos were firm at 47/6. N.Z. Farmers’ Fertilisers kept their price at 19/6, Bruce Woollens were better at 7/6, Wellington Woollens brought £5/2/3. Colonial Sugars kept their price at £46/10/-. National Electrics had a sale at 13/6. Wilson’s Cements sold at 16/9 and 16/74. GOVERNMENT STOCKS AND BONDS Government stocks and bonds are holding their prices well. Most of the buying is in the four per cent, issues which are very firm. Three and a half per cent, stock, 1953-57, brought £97/5/,and £97/10/-. Three and a half per cent., tax free stock, 1939-43, sold at £lOO/7/6. Four per cent, stock, 1943-46, realised up to £lO2-/12/6. The issue due 1946-49, sold at £lO2/10/- and the bonds made £lO3. The long date 4 per cents. 1952-55 made £lO2/5/-. MOTORISTS! When having your car reboreci i isisi on “cam ground” pistons, as fitted tc the latest mode) cars and supplied anc fitted by AUTO ENGINEERS. LTD. (The Specialists in Motor Reconditioning), RHONE 869 M. Cnr. North and Latter Streets JAMES MEEHAN & SONS. LIMITED SEED W H E A I SEED WHEAT Ml Varieties Certifieo and Uncertlfieo Dry Pickled ready tor sowing it required Send your ORDERS EARLY JAMES MEEHAN & SONS, LTD.