BANKING SHARES QUIET
INDUSTRIAL MARKET FIRMER INVERCARGILL STOCK EXCHANGE A further advance in the price of the longer dated Government loans was noticeable on the Invercargill Stock Exchange yesterday, buyers for-theline maturing in 1958 offering £lO6/15/-. Banking shares remain quiet. The market for some of the leading Dominion industrials is a fii'nierone, Do > na °,„’ S beimz at £2/14/- and McKenzie s moving up to £2/2/3. Paper Mills were steady at £l/9/6. There was inquiiY for Southland Ice Cream at £l/2/6. Sales of Broken Hill Proprietaries at £2/5/10, Milburn Lime at £2/1/6 ana Mount Morgans at 8/- were reported. Quotations were as follows:— Government Debentures.-! p.c. Stock 1940-43, b £ 103; 4 p.c. Stock 1943-46, b £lO2 5/-; 4 p.c. Bonds 1943-46, b £lO2/5/-; 4p.c. stork 1946-49 b £105; 4 p.c. Bonds 1946-49. b £105: 4 p c Stock 1949-52, b £lO5/10/-; 4 p.c. Stock .1952-55, b £lO6/10/-; 4 p.c. Bonds 1952-55. b £lO6/10/-; 3'/a p.c. Stock 1953-57. b £100; 4 p.c. Stock 1954-58, b £ Local s/ Body Debts.— Invercargill City, , b Commercial. b 14/8; National of New Zealand, b £l/19/6; New Zealand, s £2/2/8; New Zealand Long D issue, o £l/7/-. Breweries.—Dunedin Brewery Company , s £l/5/-; New Zealand Breweries, b £l/14/8. s £l/15/6; Tooth’s Brewery, s £2/16/-. Coal.— Kaltangata. s £l/11/6; Westport Coal, b £l/2/-, s £l/2/9; Westport Stocktolnswance—National, b 18/6; New Zealand. b £3/0/6; South British, b £2/9/-, 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 £1; (10/- paid), b 9/3; s 9/6; Southland Frozen Meat, b £l/15/-, South Otago Freezing Company, b £5/3/-.-Shipping.—Howard Smith, s £l/3/-: Union Steam Ship Company (pref.), b £1 6/-; P. and O. Stock, s £l/4/-. Woollen Mills.—Bruce, b 18/1: Kaiapol (ord.), b 15/-; Mosgiel. b £lO/5/-. Miscellaneous—Australian Consolidated Industries, b £l/6/-; Broken Hill Proprietary, b £2/5/-, s £2/6/-; British Tobacco (Aust.), b £2/5/-. s £2/8/-; G. J. Coles, b £3/5/-; D.I.C. (pref.), b £l/3/3; Dominion Fertilizer, b £l/7/-; Dominion Rubber Company, s £l/1/-; Donaghy’s Rope and Twine, b £2/14/-: McDuffs Ltd., b 8/6; McKenzie’s Department Stores Ltd., b £2 2/3; New Zealand Drug (rights), b £l/5/-; N.Z. Farmers’ Fertilizers (pref.), b £1 1/9; N.Z. Guarantee Corporation, b 3/4, s 4/-; New Zealand Paper Mills, b £l/9/6; Woolworths Ltd., b 18/-; Southland Ice Cream, b £l/2/6. Miningßroken Hill South, b £l/5/6; North Broken Hill, b £l/16/-; Big River, b sd; Gillespie’s Beach, s 6d; Martha Gold Mining, s 7/11; Mount Lyell, b £l/8/-; Mount Morgans, s 8/6; NokomaL s 1/3; Okarito, b 7d; Austral (N.Z.), b £l/3/-.
DUNEDIN Sales—New Zealand Drug (rights) £1 5/3, £l/5/4; Woolworths (Sydney) 18/-; Martha 7/6. CHRISTCHURCH Sales on 'Change—Bank of New Zealand £2/2/3; Broken Hill Proprietary £2/5/6. Sales Reported.—4 p.c. Stock 1946-49 £lO5 7/6; 4 p.c. stock 1952-55 £lO6/12/6; 4 p.c. stock 1954-58 £lO7/2/6; Auckland Gas 5 p.c. Perpetual £102; New Zealand Insurance £3/1/6; Australian Consolidated Industries £l/16/6; Woolworths (N.Z.) 16/10;. Nemona (late Wednesday) 3d. WELLINGTON Sales (late Wednesday)—4 p.c. Stock 1949 £lO5/10/-; 4 p.c. Stock 1955 £lO6/15/-; 4 p.c. Stock 1958 £lO7/5/-; New Zealand Breweries £l/15/2; Farmers’ Trading £1 0/3. Sales (yesterday)—Bank of New Zealand £2/2/6; Auckland Gas 8/3;. Wellington Woollen (ord.) £6/15/-; Farmers’ Fertilizer £l/1/-; New Zealand Drug (rights) £l/5/6. £l/5/6. Unofficial List—W. E. Woods Ltd. 10/6. AUCKLAND Sales—Bonds 1943-46 4 p.c. £lO2/5/-; Stock 1940-43 4 p.c. £lO3/2/6; do. 1952-55 4 p.c. £107; Mangonui County 1965 i'/t p.c. £lO6/10/-; Bank of New Zealand £2/2/6; South British £2/10/- (late sale) (2) £2 10/-; New Zealand Insurance (2) £3/1/6, Newton King (pref.) 10/-; Auckland Gas 8/3; Broken Hill Proprietary (2) £2/5/9; Consolidated Brick 7/6; Bycroft (late sale) £2/2/-; New Zealand Drug (rights) £l/5/8; Farmers’ Fertilizer £l/1/-; New Auckland Laundry 18/-: Wilson's Cement 19/5; Woolworths (N.Z.) 16/9; Martha (late sale) 7/6; Mount Morgan 8/-. SYDNEY (Received September 12. 9.30 p.m.) SYDNEY, September 12. The share market lapsed back to cautiousness. with a weakening of investment stocks. Sales.—Bank of New South Wales £25 10/-; Bank of Australasia £7/5/-; Huddart Parker £2/10/6; Meggitts £l/11/6; Felt Textiles £l/19/-: Consolidated Industries £l/14/10; do. (cont., New Zealand delivery) 16/6; Victoria-Nyanza 6/4; Mount Morgan 8/-; Kanieri £l/5/-. MELBOURNE
Sales.—National Bank (£5 paid) £5/14/-; Dunlop Perdriau (ex div.) 18/2; Imperial Chemicals (pref.) £l/3/9; Consolidated Industries (new) 16/6; Emperor 10/9; Loloma £l/2/6. -
DIVIDEND FOR YEAR OF 10 PER CENT.
FELT AND TEXTILES OF AUSTRALIA LTD.
Felt and Textiles of, Australia Ltd. announces that it has decided to pay a final dividend on all ordinary shares at the rate of 5 per cent, for the halfyear ended June 30, 1940, making 10 per cent, for the full financial year, the dividend being payable on October 1, 1940. Fifty per cent, of the dividend now declared has been declared wholly and exclusively out of income available from funds derived from sources outside Australia and, therefore, is exempt from tax under the Commonwealth or State Income Tax' (Assessment/Management) Acts. A preliminary survey of the figures discloses, subject to audit and some probable minor readjustments, a net profit for the year of not less than £150,000. This improved result has been largely occasioned by the full utilization of the new capital, close coordination of the companies in the group and more economical production. The usual half-yearly' dividend of 3 per cent.' on 6 per Cent, preference shares will be payable on October 1. 1940. ' Because of the growth of the business it has become desirable further to strengthen the capital structure of the company, and it has been decided to make a further issue of 314,624 £1 ordinary shares. These shares will be offered to existing ordinary shareholders at par in the proportion of one new share for each two ordinary shares now held.
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Southland Times, Issue 24230, 13 September 1940, Page 2
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963BANKING SHARES QUIET Southland Times, Issue 24230, 13 September 1940, Page 2
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