BANKING SHARES UNCHANGED

Southland Times, Issue 24242, 27 September 1940, Page 2

BANKING SHARES UNCHANGED

INVERCARGILL STOCK EXCHANGE

INDUSTRIAL LINES HAVE SUPPORT No slackening in the demand for Government securities was noticeable yesterday on the Invercargill Stock Exchange. Banking shares were unchanged. Good support continues to come for industrial lines and the market for mining shares was a little brighter. Quotations were as follows:— Government Debentures. — 4 p.c. Stock 194043, b £lOO/10/-; 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 £105; 4 p.c. Bonds 1946-49, b £105: 4 p.c. Stock 1949-52. b £lO6/10/-; 4 p.c. Stock 1952-55, b £lO6/10/-; 4 p.c. Bonds 1952-55. b £lO6/10/-; 3>,i p.c. Stock 1953-57, b £lOO/5/-; 4 p.c. Stock 1954-58, b £lO7/5/-. Banks.—Commercial, b 14/-, s 14/9; National of New Zealand, b £l/19/6, s £2/1/-; New Zealand Long “D” issue, b £2/2/-, s £2/3/-; Union of Australia, b £6/17/6. Breweries.— Dunedin Brewery Company, s £l/5/-; New Zealand Breweries,/s £l/15/-. Coal Kattangata, b £l/8/-, s £l/11/6; Westport Coal, b £l/2/6; Westport Stockton (pref.), b 5/3. Insurance. — National, s 19/2; New Zealand. s £3/1/-.

Loan and Agency.— National Mortgage, s £2; Trustees’ Executors (Dunedin), b £4 4/-; Wright, Stephenson (pref.), b 19/9; Perpetual Trustees, b £2/10/-. Meat Companies.—New Zealand Refrigerating (20/- paid), b £l/0/6; (10/- paid), b 9/4; Southland Frozen Meat, b £l/15/-. Shipping.—Union Steam Ship Company (pref.), b £l/6/-. Woollen Mills.—Bruce, b 18/3; Kaiapoi (pref.), b 17/-; Wellington Woollens (ord.), s £7; Timaru, b 12/-. Miscellaneous.— Australian Consolidated Industries, b £l/14/-; Australian Iron and Steel, b £l/6/-; Broken Hill Proprietary, b £2/6/-, s £2/7/6; G. J. Coles, b £3/5/6; D.I.C. (pref.), b £l/3/6; Dominion Fertilizer, b £l/7/-; Dominion Rubber Company. s £l/1/3; McDuffs Ltd., b 10/3; McKenzie's Department Stores Ltd., b £2/4/-; McLeod Bros' Soap, b £27; New Zealand Drug, b £3/13/9; New Zealand’ Guarantee Corporation, b 3/3; Otago Daily Times, b £1 19/3; Woolworths Ltd-, b 18/2; Southland Ice Cream, b £l/2/6. Mining.— Broken Hill South, b £l/5/9; North Broken Hill, b £l/16/-; Big River, b 6d, s 9d; Electrolytic Zinc (ord.), b £2 11/-; (pref.), b £2/12/-; Gillespie’s Beach, b sd; Mount Lyell, b £l/8/-; Mount Morgans, b 8/-; Nokomai, b 1/-; Austral (N.Z.), b £l/4/-.

DUNEDIN Sales.—Union Bank £7/1/6; National Bank £2; Westport Coal £l/2/9; Milburn Lime £2/0/9. CHRISTCHURCH Sales Reported.— 3‘,'z p.c. Stock 1953-57 £lOl/7/-; 4 p.c. Stock 1949-52 £lO6/15/-; 4 p.c. Stock 1952-55 £107; 4 p.c. Stock 1954-58 £lO7/17/6; Bank of New Zealand £2/2/1; Australian Iron and Steel (pref.) £l/6/3; Broken Hill Proprietary £2/7/-. WELLINGTON Sale (late Wednesday).—Broken Hill Proprietary £2/6/9. Sales (yesterday).—4 p.c. Stock 1952 £lO6 15/-; 4 p.c. Stock 1958 £108; 3>/ 2 p.c. Stock 1957 (2) £101; Mount Albert 4'/ 4 p.c. 1961 £lO7/10/-; Bank of New Zealand £2/2/6; Wellington Woollen (ord.) £6/15/-; Broken Hill Proprietary £2/7/-; Claude Neon £1 1/-; New Zeaalnd Drug £3/14/3; do. (rights) £l/7/-; New Zealand Breweries £1 14/3. AUCKLAND Sales.—Stock 1953-57 3>,i p.c. £lOO/12/6; do. 1940-43 4 p.c. £lOl/2/6; do. 1952-55 4 p.c. £107; do. 1954-58 4 p.c. £lO7/17/6; Auckland Harbour Board 1959 4 p.c. £lO7 10/-; Takapuna Borough 1954 3',i p.c. £97 15/-; Mount Albert Borough 1961 4',4 p.c. £lO7/10/-; Auckland Gas (pref, stock; odd lot) £lOl/15/-; Bank of New Zealand £2 2/5. £2/2/6; South British (late sale) £2 10/-; F.A.C. (£5) £4; Northern Steam 3/9; M.K. Manufacturers 6/1; New Zealand Refrigerating (£1) £l/0/11; Wilsons Cement 19/7; Woolworths (Sydney) 18/6.

CATTLE FROM LAKES DISTRICT

SPECIAL SALE AT YARDS TODAY

Back and high-country cattle of the highest quality will form the offering at a special sale of stock at the Lorneville saleyards this afternoon. About 600 head, almost all of which have been rounded up on stations in the Lakes District, will be offered at auction. Some of the cattle have been on the roads for the last two weeks, but when they were yarded yesterday few signs of their long and wearying trek were noticeable. For the most part the cattle were in excellent condition and generally they reflected the good quality of grazing and special feed which was obtainable throughout Southland and the Lakes District during the winter and early spring. Good forward stores make up the greatest part of the offering; there are also some fat bullocks and about 130 head of young stock—two-year-old steers and mixed-sex yearlings. The Hereford breed is well represented.

Interest in the sale is not confined to Southland and Otago dealers. About 12 Canterbury buyers are expected to be present. Many of the visiting stock men are expected to reach Invercargill by the express this afternoon. Tire sale will begin at 1.30 p.m.

DRILLING FOR N.Z. PETROLEUM DEPTH OF 4510 FEET AT MORERE (United Press Association) GISBORNE, September 26. The New Zealand Petroleum Company reports that the Morere drill is now at 4510 feet. There is no change in the formation. At Midhirst the depth is- unchanged. The company is prepar-' ing to set a casing to shut off the low pressure of water and sands which have been impeding the drilling.