CITY MARKETS

Southland Times, Issue 24241, 26 September 1940, Page 3

CITY MARKETS

Good Demand For Seed Oats

POOR RYEGRASS AND POTATO INQUIRY

Continued support came for Government loans on the Invercargill Stock Exchange yesterday. There was a quiet but steady market for bank shares, New Zealands having buyers at £2/2/-, Nationals at £l/19/6 and Unions at £6 17/6. Industrials, both Commonwealth and Dominion, were very steady. One or two lines were active in the overseas section, Lyells having buyers at £1 7/6; both issues of Zincs were sought after.

Quotations were as follows: Government Debentures. —4 p-c. Stock 1940-43, b £101; 4 p.c. Bonds 1943-46, b £lO2/5/-; 4 p.c. Stock 1949-52, b £lO6/10/-; 4 p.c. Stock 1952-55, b £lO6/10/-, s £lO7 12/6; 4 p.c. Stock 1954-58, b £lO7/5/-, s £lOB.

Local Body Debts.—Bluff Harbour Board, b £104; Invercargill City, b £104; Southland County, b £lO4. 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; Union of Australia, b £6/17/6, s £7/2/6. Breweries.—Dunedin Brewery Company, s £l/5/-; New Zealand Breweries, s £l/15/-. Coal.—Kaitangata, s £l/11/6; Westport Coal, b £l/2/6. Insurance.—National, b 18/9, s 19/1.

Loan and Agency.—National Mortgage ”B”, b £1; Trustees’ Executors (Dunedin), b £4/5/-; Wright, Stephenson (ord.), s £1 0/3; (pref.), b 19/9. Meat Companies.—New Zealand Refrigerating (20/- paid), b £l/0/6; (10/- paid), b 9/4, s 9/8; Southland Frozen Meat, b £1 15/9; South Otago Freezing Company, b £5/4/-; s £5/15/-. Shipping.—Howard Smith, s £l/3/-; Union Steam Ship Company (pref.), b £l/6/-; P. and O. Stock, s £l/4/-. Woollen Mills.—Bruce (ord.), b 18/2; Kaiapoi (pref.), b 17/-; Mosgiel, b £lO/7/6; Bonds Hosiery, b £l/7/-. Miscellaneous.—Associated News .(pref.), s £1; Australian Iron and Steel, b £l/6/6; British Tobacco (Aust.), s £2/10/-; G. J. Coles, b £3/7/-; Dominion Fertilizer, b £l/7/-, s £l/8/-; Dominion Rubber Company, s £l/1/3; Donaghy’s Rope and Twine, b £2/14/6, s £2/14/9; McDuffs Ltd., b 10/3; McKenzie’s Dep-.rtment Stores Ltd., b £2 2/6, s £2/7/6; McLeod Bros’ Soap, b £27 7/6; New Zealand Drug, b £3/13/6, s £3 15/-, (rights) s £l/7/-: Otago Daily Times, s £2/1/-; Wilson’s (N.Z.) Cement, b 19/4, s £1; Woolworths Ltd., b 16/3; Woolworths (N.Z.), b 18/2, s 18/8. Mining.—Broken Hill South, b £l/6/-; Big River, b 6d, s 7d; Electrolytic Zinc (ord.), b £2/11/-; (pref.), b £2/12/6; Gillespie’s Beach, b sd, s 6d; Martha Gold Mining, b 7/-; Mount Lyell, b £l/7/6, s £1 8/6; Mount Morgans, b 8/-; Austral (N.Z.), b £l/3/3; Grey River, b 16/6.

DUNEDIN Sales—-Westport Coal £l/2/9; Auckland Gas 8/4; McDuffs (pref.) 19/-; New Zealand Drugs (rights) £l/6/9. CHRISTCHURCH Sales on ’Change.—South British Insurance (2) £2/10/- (cum div.); Broken Hill Proprietary (2) £2/7/-. Sales Reported.—Auckland Gas 5 p.c. Perpetual £102; Union Bank of Australia £7 2/6; British Tobacco (2) £2/10/-; Christchurch Gas £l/5/-. WELLINGTON Sales (late Wednesday).—4 p.c. Stock 1952 £lO6/15/-; Union Bank £7; Bank of New Zealand £2/2/6. Sales (yesterday).—4 p.c. Stock 1952 (2) £lO6/15/-; Bank of New Zealand £2/2/6, £2/2/6; National Insurance 18/9; New Zealand Refrigerating (cont.) (2) 9/6; Wellington Woollen (ord.) £6/15/-; McDuffs (ord.) 10/9; do. (pref.) 19/-; Morts Dock (2) 17/6; Woolworths (New Zealand) 16/6; 4 p.c. Stock 1958 £lO7/18/9; do. 1946 £lO2/15/-; do. 1949 £lO5/12/6. AUCKLAND Sales.—Stock 1940-43 4 p.c. (2) £lOl/2/6; do. 1943-46 4 p.c. £lO2/15/-; do. 1946-49 4 p.c. £lO5/10/-; do. 1952-55 4 p.c. (2) £107; Auckland Transport Board 1949 4’4 p.c. £lO4/15/-; Auckland Gas (perpetual stock) £lOl/15/-; New Zealand Insurance (2) £3 0/6; Newton King (pref.) 11/-; Taupiri Coal (ord.) (odd lot) £l/1/3; Dominion Breweries £l/11/-; New Zealand Refrigerating ( £1) £l/0/11. ’ SYDNEY (Received September 25, 9.30 p.m.) SYDNEY, September 25. The Sydney Stock Exchange was quiet and steady today. Sales. —Colonial Sugar £47/12/6; Consolidated Industries £l/15/9; Morts Dock 16/9; Goldsbrough £l/5/9; Cash Orders 15/-; Mount Lyell £l/8/3; Loloma £l/3/9; Emperor 10/6; Kuala Kampar 13/6. MELBOURNE Sales.—Commercial Bank of Australia 14/-; Howard Smith £l/0/6; Broken Hill Proprietary £2/4/6; do. (new) 14/8. COLOMBO TEA AUCTION (United Press Association) DUNEDIN, September 25. Mr L. M. Wright has received the following cabled report on the Colombo tea auction of September 24: At yesterday’s sale of 1,250,000 lb competition was keen and all grades advanced. Common grades were Id dearer, and medium and good quality were Id to 2d up on last week’s quotations. One million pounds has been catalogued for the sale next week. NORTH BROKEN HILL’S PROFIT . (United Press Association) WELLINGTON, September 25. The directors of North Broken Hill Limited advised the Stock Exchange by cable today that the net profit for the year ended June 30 was £397,418.