BANKING SHARES STEADY

Southland Times, Issue 24228, 11 September 1940, Page 2

BANKING SHARES STEADY

INSURANCES REMAIN FIRM INVERCARGILL STOCK EXCHANGE , There was a better market for some of the leading industrial companies shares on the Invercargill Stock Exchange yesterday. Broken Hill Propnetaries had buyers at £2/5/-. Tobaccos were at £2/4/6, G. J. Coles firmed to £3/5/3, and Woolworths also advanced in price. Banking shares were steady, and insurances were quiet but firm. Woollens and meats commanded some attention. „ Sales of Union Banks at £7,.Government Stocks, 1954-58, at £lo7 an d New Zealand Drug (rights) at £l/4/b were reported. Quotations were as follows:— Government Debentures.—4 p.c. MOCK 1940-43, b £lO2/15/-; 4 p.c. Stock 1943-46. b £lO2/5/-; 4 p.c. Bonds 1943-46, b £lO2 5/-; 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 £lO5/5/-: 4 p.c. Stock 1952-55, b £lO6/5/-: 4 p.c. Bonds 1952-55, b £lUb 5/-; 3‘,i p.c. Stock 1953-57, b £100; 4 p.c. Stock 1954-58, b £lO6/15/-. Local Body Debentures.— Invercargill City b £lO4. „ _ ~ Banks.—Commercial, b 14/3: New South Wales, b £26; New Zealand, s £2/2/6; New Zealand Long “D” Issue, b £l/7/-; Union of Australia, b £6/15/-. Breweries.—Dominion Brewery, s £1 13/-; Dunedin Brewery Company, s ~1 5/-; New Zealand Breweries,_ b £l/10/-; Tooth's Brewery, s £2/16/6. Coal. —Westport Coal, b £l/2/-, s £1 2/9: Westport Stockton (ord.), s 2/4. Insurance. —National, b 18/3; Standard, b £2/17/6. , . Loan and Agency.—-Goldsbrough, Mort and Company, b £l/4/-: National Mortgage, s £2; Trustees' Executors (Dunedin), b £4/4/-; Wright, Stephenson (ord.), s £1 0/3; (pref.), b 19/6; Perpetual Trustees, b £2/10/-. , „ , . Meat Companies.—New Zealand Refrigerating (20/- paid), b £l/0/2: (10/- paid), b 9/3; Southland Frozen Meat, b £l/15/-; South Otago Freezing Company, b £5/3/-. Shipping.—Howard Smith, b £l, s £l/3/6; Union Steam Ship Company (pref.), b £1 6/-; P. and O. Stock, s £l/4/-. Woollen Mills.—Bruce, b 18/1; Kaiapoi (ord.), b 15/-; Mosgiel, b £lO/5/-. Miscellaneous. —Australian Consolidated Industries, b £l/14/-; Australian Iron and Steel, b £l/6/-; Broken Hill Proprietary, b £2/5/-; British Tobacco (Aust.), b £2/4/6; G. J. Coles, b £3/5/3; D.I.C. (ord.), b 12/9; Dominion Fertilizer, b £l/7/-; Dominion Rubber Company, s £l/1/-; Donaghy's Rope and Twine, b £2/14/6; McDuffs Ltd., b 7/8; McKenzie's Department Stores Ltd., b £2 0/6; McLeod Bros’ Soap, s £2B; Milburn Lime and Cement, b £2/1/-; New Zealand Drug (rights) £l/5/-; New Zealand Farmers’ Fertilizers (pref.), b £l/1/9; N.Z. Guarantee Corporation, b 3/3, s 4/-; New Zealand Paper Mills, b £l/9/6; Wilson’s (N.Z.) Cement, b 19/-; Woolworths Ltd., b 18/3. Mining.—Broken Hill South, b £l/5/6; North Broken Hill, b £l/16/-; Electrolytic Zinc (ord.), b £2/10/-; (pref.), b £2/12/-; Gillespie’s Beach, b 4',id, s 6d; Martha Gold Mining, s 8/3; Mount Lyell, b £l/5/-, s £1 7/9; Mount Morgan, s 8/2; Nokomai, s 1/3; Okarito, b 7d; Austral (New Zealand), b £l/2/6.

CHRISTCHURCH Sale on ’Change.—Grey River 16/6. Sales Reported.—Auckland Gas 5 p.c. Perpetual £102; New Zealand Insurance £3 1/9 (late Monday). WELLINGTON Sales (late Monday).—Farmers’ Trading £1; Mac Duffs (ord.) 8/9; Taranaki Oil Developments 3/4; Broken Hill South £l/7/-. Sales (yesterday).—3‘a p.c. Stock 1953-57 £lOO/5/-; 2 p.c. do. 1955 £lO6/15/-; Commercial Bank of Australia 14/10 (3); South British Insurance £2/10/-; Australian Consolidated Industries (cont.) 17/3; Broken Hill Proprietary £2/6/-, £2/5/6. AUCKLAND Sales on ’Change.—Stock 1946-49 4 p.c. £lO5/7/6; Commonwealth Bonds 1947 4 p.c. £lO6/10/-; Waitemata City 1959 4'4 p.c. £106; Bank of New Zealand £2/2/6; New Zealand Insurance £3/1/9;' Renown (ord.) 10/6; Auckland Gas (cont.) 3/-; Broken Hill Proprietary £2/6/- (4); Farmers’ Trading £1; 1.C.1. (pref.) £l/4/6; Mac Duffs (pref.) £1; N.Z. Drug (rights) £l/5/3; Farmers’ Fertilizer (pref.) £l/2/6; New Zealand Newspapers £l/9/9; Tara Oil Development 3/3: Tara Oil Fields 6/6; Wilson’s Cement 19/6; Martha 7/6. SYDNEY (Received September 10, 10.20 p.m.) SYDNEY, September 10. Despite the tense war situation the share market remains firm, with only minor fluctuations. Sales.—Mercantile Mutual Insurance £1 6/9; British Tobacco (ex div.) £2/6/6; Woolworths 17/1; Consolidated Industries £1 15/3; do. (cont.) 17/-; Standard Cement £1; Morts Dock 17/-; Mauri Brothers £3/10/-; Newbold £l/5/-; Mount Lyell £l/7/7; Austral (New Zealand) £l/2/6. MELBOURNE Sales.—Commercial Bank of Australia 14/-; National Rank (£5 paid) £5/15/-; Coles £3/2/-; United Provisions 7/3; Myers £l/9/6; Oil Search 4/-; Emperor 10/10.

TIMARU LIME CO.

In their annual report and balancesheet for the year ended August 31, 1940, the directors of the Timaru Lime Company, Ltd., state that during the year alterations and additions to the plant were effected. After being installed, the new plant required adjustment on several occasions and, as a result, the output of lime was, for a period, considerably curtailed. During the latter part of the year, however, the plant was operated continuously arid the company is now in a position to meet an increased demand for carbonate of lime.

The company’s product is widely distributed throughout Canterbury, and the support and co-operation accorded the company by users, merchants and carriers has resulted in a satisfactory year’s trading. The accounts show an available balance of £lOBB/3/10 which the directors recommend be allocated as follows:—Payment of 5 per cent dividend, £650, balance to be carried forward, £438/3/10. SHEARING CLASSES AT ROXBURGH COURSE TO BEGIN ON OCTOBER 22 This year, in anticipation of a shortage of shearers, the Otago Primary Production Council has, in conjunction with the Farmers’ Union, Young Farmers’ Clubs and Agricultural and Pastoral Association, decided to hold shearing classes at Roxburgh and all arrangements have now been made. Advice to this effect has been received by Mr A. L. Adamson, secretary of the Southland Agricultural and Pastoral Association, from the Dunedin district council of the National Council of Primary Production. For some years

past successful shearing classes have been run annually by the Christchurch Technical College and they have been attended by young persons from various parts of Canterbury, Otago and Southland. The classes are to be held at Roxburgh from October 22 to November 1. and further particulars are available from the secretary of the Southland Agricultural and Pastoral Association.