COMMERCIAL

Southland Times, Issue 24240, 25 September 1940, Page 2

COMMERCIAL

BANKING SHARES STEADY

INVERCARGILL STOCK EXCHANGE INDUSTRIALS RECEIVE ATTENTION Firm inquiry continues to come (or Government loans, the longer-dated issues showing a very firm front. Banks were quiet and steady on the Invercargill Stock Exchange yesterday. Woollens were steady to firm and Southland Frozen Meats moved up to £l/15/9, with no sellers below £l/17/-. Industrials received a good deal of attention. Broken Hill Proprietaries, Coles and Woolworths were very steady. Quotations were as follows: —

Government Debentures.—4 p.c. Stock 1940-43, b £101; 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 £lO5/5/-; 4 p.c. Bonds 19/6-49. b £lO5/5/-; 4 p.c. Stock 1949-52, £lO6/10/-; 4 p.c. Stock 1952-55, b £lO6/10/-; 4 p.c. Bonds 1952-55, b £lO2 10/-; 3>/2 pc- Stock 1953-57, b £lOO/5/-; 4 p.c. Stock 1954-58, b £lO7/10/-. Banks. —Commercial, b 14/6; E. S. and A. Bank, s £4/15/6; National of New Zealand, b £l/19/6, s £2/0/6; New South Wales, b £25/10/-; New Zealand Long “D” issue, b £l/8/6, s £l/10/-; Union of Australia, b £6/17/6. Breweries. —Dominion Brewery, s £l/13/-; Dunedin Brewery Company, s £l/5/-; New Zealand Breweries, b £l/14/-, s £l/15/-. Coal—Kaitangata, s £l/11/6; Westport Coal, b £l/2/6; Westport Stockton (ord.), s 2/6. Insurance. —National, b 18/9, s 19/3; New Zealand, b £3.

Loan and Agency—National Mortgage “B”, £1; Trustees’ Executors (Dunedin), b £4/4/-; Wright. Stephenson (ord.), s £1 0/3; (pref.), b 19/9; Perpetual Trustees, b £2/10/-. Meat Companies—N.Z. Refrigerating (£1 paid), b £l/0/6; (10/- paid), b 9/4, s 9/9; Southland Frozen Meat, b £l/15/9, s £1 17/-; South Otago Freezing Company, b £lO4.

Shipping.—Howard Smith, s £l/3/-; Union Steam Ship Company (pref.), b £l/6/-; P. and O. Stock, s £l/4/-. Woollen Mills.—Bruce; b 18/1; Kaiapoi (pref.), b 17/-; Mosgiel, b £lO/10/-; Bonds Hosiery, b £l/7/-. Miscellaneous.—Australian Iron and Steel, b £l/6/6; Broken Hill Proprietary, b £2 6/-, s £2/7/ : ; British Tobacco (Aust.), s £2/10/-; G. J. Coles, b £3/6/9; D.I.C. (pref.), b £l/3/6; Dominion Fertilizer, b £l/7/-, s £l/8/-; Dominion Rubber Company. s £l/1/3; Donaghy’s Rope and Twine, b £2/14/6; 1.C.1. (pref.), b £l/4/6; McDuffs Ltd., b 10/3: McKenzies Department Stores Ltd., b £2/2/9: McLeod Bros’ Soap, b £27 10/-: New Zealand Drug, b £3/13/6; N.Z. Guarantee Corporation, b 3/3, s 3/10; Wilson’s (N.Z.) Cement, b 19/3, s £1; Woolworths Ltd., b 18/2; Southland Ice Cream, b £l/2/6. Mining.—Broken Hill South, b £l/6/-; North Broken Hill, b £l/15/9; Big River, b 6d. s 7d; Electrolytic Zinc (ord.), b £2 11/-; (pref.), b £2/12/-; Gillespie’s Beach, b sd, s 6d; Martha Gold Mining, b 7/-, s 8/-; Mount Lyell, b £l/6/-, s £l/8/6; Mount Morgan, b 8/-; Nokomai, b 1/-; Austral (N.Z.), b £l/3/6; Grey River, b 16/-.

DUNEDIN Sales.—National Bank of N.Z. (2) £2; Union Bank £7; N.Z. Refrigerating (paid) £l/0/9, do. £l/0/10; ' N.Z. Refrigerating (cont.) 9/5, do. 9/6: N.Z. Drug (rights) (2) £l/6/10; N.Z. Drug £3/14/-; Mount Lyell £l/8/-; Mac Duffs (ord.) 10/6. CHRISTCHURCH Sales on Change.—N.Z. Drug Co (rights) £l/7/-; 4 p.c. Stock 1943-36 £103; Grey River 17/-; Broken Hill Propty. £2/6/9. Sales Reported.—4 p.c. Stock 1954-58 £lO7 17/6; Bank of N.Z. (late sale Friday) £2/2/1; Bank of N.Z. £2/2/3; N.Z. Refrigerating (10/- paid) 9/6; N.Z. Breweries £l/14/6; British Tobacco (2) £2/9/3; Broken Hill Propty. (2) £2/6/2;. Mac Duffs 10/6; Quill Morris (1936) (late sale Friday) 19/-; Mount Lyell (late sale Friday) £l/8/-, do. £l/8/3; Australian Iron and Steel (pref.) £l/6/3. WELLINGTON Sales late Friday.—4 p.c. Stock 1958 £lO7 15/-; 4 p.c. Bonds 1955 £107; Bank of N.Z. £2/2/3. Sales Yesterday.—4 p.c. Stock 1958 £lO7 17/6; Eltham County Council 4>,i pc. 1960 £106; Bank of N.Z. (3) £2/2/3; National Bank of N.Z. £2; Goldsbrough Mort £l/6/-; N.Z. Refrigerating (cont.) (2) 9/6; Broken Hill Propty. £2/6/6, do. (2) £2/6/-; Electrolytic Zinc (pref.) £2/13/6; N.Z. Drug £3 14/3, do. (rights) (2) £l/6/9; Taranaki Oil Developments 3/2; Argo Gold Bd. AUCKLAND Sales.—Bonds 1943-45-46 4 p.c. £lO2/15/-. do. 1946-49 4 p.c. £lO5/10/-, do. 1952-55 4 p.c. £107; Eltham County 1960 4>/ip.c. £106; Takapuna Borough 1954 3 p.c. £97/15/-; Auckland Gas (perp, stock) £lOl/15/-; Bank of N.Z. £2/2/6; National Insurance 18/9; N.Z. Insurance £3/0/6; F.A.C. (A pref.) £l/2/-; A.C.I. £l/18/-; Australian Iron and Steel (pref.) £l/6/3; Farmers’ Trading £l/0/3; N.Z. Drug (rights) £l/7/-; Radio (1936) (late sale) 12/3; Taranaki Oil Developments 3/2; Woolworths (N.Z.) (odd lot) 16/7. SYDNEY (Received September 24, 9.20 p.m.) SYDNEY. September 24. Most transactions on the Stock Exchange today were around late rates, with business along quiet lines. Sales.—Colonial Sugar £47/10/-; Woolworths 18/1; Woolworths (N.Z.) 10/6; David Jones £l/11/6; Consolidated Industries £l/15/6, do. (contributing. N.Z. delivery) 17/6; Drug Houses do. (N.Z. delivery) £l/6/6; Carpenter £l/17/6; Placer Development £3; Zinc Corporation £3/4/9; Broken Hill Propty. £2/4/6; South Broken Hill £l/5/1. MELBOURNE Sales.—Commercial Bank of Australia 14/-; Huddart Parker £2/9/9: Dunlop Perdriau 18/6; United Provisions 6/3. SMALLER QUANTITY °N OFFER DUNEDIN RABBITSKIN SALE (Special to The Times) DUNEDIN, September 24. The Dunedin Stock Agents’ and Wool Brokers’ Association reports that at today’s rabbitskin sale • the quantities were smaller, the total submitted being approximately 33 tons The quality has deteriorated considerably since the last sale, a big proportion of summers,

springs and outgoings being on offer. Competition was keen, all grades being in request. Bucks on an average depreciated 2d to 6d, while does ruled par to 3d higher. Hatters also met a firm market. First bucks sold to 104 d, second bucks IOOd, first does 91|d, second does 82d, spotted bucks 84|d, spotted does 71|d, and furrier does 79Ad. Values have kept up remarkably well this season and on the prices paid today trapping is still payable. The official range of prices is as follows:— Small 17d to 18Jd per lb, runners 27d to 29d, light racks 30£ d to 34jd, summer bucks 32.' t d to spotted winter bucks 80d to 84|d, spotted winter does 69d to 714 d, second -winter bucks 90d to IOOd, second winter does 73Jd to 82d, first winter bucks IOOd to 104 d, first winter does 89d to 93Jd, outgoing winter bucks 69d to 73|d, outgoing winter does 58d to 68d, furrier does 74d to 79ad, spring bucks 55d to 58d, spring does 37j>d to 45zd, stained does 44d to 50d, first milky to 37d, milky 31£d to 321 d, summer broken 30f to 32}d, autumn broken 31ijd to 35d, second winter broken to 36’d, first winter broken 38 Jd to 393 d, summer fawns 24d, autumn fawns 40d to 60d, first winter fawns 60d to 74£d,'summer black 24d to 25d, outgoing 383 d to first winter black 62£d to 73Ad, first hareskins 353 d to 38d, hareskins 26jd to 30d, Horsehair 293 d to 323 d, super ferrets 12/6 to 13/10, first ferrets 9/- to 13/-, second ferrets 4/- to 7/6. The next sale.will be on October 8.

FINAL DIVIDEND OF 9D A SHARE SOUTH BRITISH INSURANCE COMPANY LIMITED (United Press Association) AUCKLAND, September 24 A final dividend of 9d a share plus a bonus of 3d a share is to be recommended by the directors of the South British Insurance Company Limited at the annual meeting of shareholders to be held on October 24. If it is approved, the dividend will be paid the same day. An interim dividend of BJd a share was paid in April last, thus the total distribution for the year ended August 31, including the bonus, will be 1/8J a share, equal to 17 1-12 per cent., against 1/5 a share or 14 1-6 per cent, in the previous year.