BANKING SHARES QUIET

Southland Times, Issue 24243, 28 September 1940, Page 3

BANKING SHARES QUIET

INVERCARGILL STOCK EXCHANGE MARKET REMAINS STEADY FOR INDUSTRIALS There were very few changes on the Invercargill Stock Exchange yesterday morning. Government loans remained very firm. Only a few banking shares were asked for, with prices unchanged, and insurance companies’ shares were quiet. The market was steady for industrial lines, although there was not quite the same activity.. Australian mining stocks had limited inquiry. Quotations were as follows: — Government Debentures. —4 p«c. Siock 1940-43. b £lOO/10/-; 4 p.c. Stock 1943-46, b £lO2/10/-; 4 p.c. Bonds 1943-46, b £lO2 10/-; 4 p.c. Stock 1946-49. b £105; 4 p.c. Bonds 1946-49, b £105; 4 p.c. Stock 194952, b £lO6/10/-; 4 p.c. Stock 1952-55, b £lO6 10/-; 4 p.c. Bonds 1952-55, b £lO6/10/-; 314 p.c. Stock 1953-57, b £lOO/5/-; 4 p.c. Stock 1954-58, b £lO7/5/-. Banks.—Australasia, s £B/10/-; Commercial, s 14/8; National of New Zealand, s £2 1/-; New Zealand, b £2/2/-. s £2/2/6; New Zealand Long *D” issue, b £l/8/~; Union of Australia, b £6/19/-. Breweries.—Dunedin Brewery Company, s £l/5/-; New Zealand Breweries, s £l/15/-; Carlton, b £3/2/-. Coal.—Kaitangata, b £l/8/-, s £l/11/6; Westport Coal, b £l/2/6. Insurance.—National, b 18/8, s 19/1; Standard, b £2/17/6.

Loan and Agency.—Trustees’ Executors (Dunedin), b £4/4/-; Wright, Stephenson (pref.), b 19/9. Meat Companies.—New Zealand Refrigerating (20/- paid), b £l/0/8; (10/- paid), b 9/5; 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/-; Mosgiel, b £lO/7/6; Wellington Woollens (ord.), s £7; Bonds Hosiery, b £l/7/-. Miscellaneous.—Australian Consolidated Industries, b £l/15/-; Broken Hill Proprietary, b £2/6/6; G. J. Coles, b £3/5/6; D.I.C. (pref.), b £l/3/6; Dominion Fertilizer, b £1 7/-; Donaghy’s Rope and Twine, b £2/14/-; McDuffs Ltd., b 10/9; McKenzie’s Department Stores Ltd., b £2/5/-; Milburn Lime and Cement, b £2. s £2/1/-; New Zealand Drug, b £3/13/9; N.Z. Guarantee Corporation, b 3/3; Woolworths Ltd., b 18/3; Southland Ice Cream, b £ 1/2/6.

Mining.—Broken Hill South, b £l/5/6; North Broken Hill, b £l/16/-; Big River, s 8d; Electrolytic Zinc (ord.), b £2/11/-; (pref.), b £2/13/-; Mount Morgans, b 8/-; Nokomal, b 1/-; Okarito, b 6d; Austral (N.Z.), b £l/4/-; Grey River, b 16/6.

DUNEDIN Sales on ’Change.—Wright, Stephenson (pref.) (2) £l/0/6; National Electric 17/6. Sales Reported.—4 p.c. Stock 1954-58 £108; Bank of Australasia £8; Bank of New Zealand £2/2/5; National Insurance 19/-; New Zealand Refrigerating (cont.) 9/6; National Electric 17/6; New Zealand Breweries £1 14/-. CHRISTCHURCH Sales on 'Change.—Dunlop Rubber 19/6; McLeod Brothers £27/10/-. Sales Reported.—South British Insurance £2/10/-; New Zealand Refrigerating (£1 paid) £l/0/11; Christchurch Gas £l/5/-; New Zealand Breweries £l/14/-; British Tobacco £2/9/6; Farmers’ Trading £l/0/6. Unlisted Stocks (sale reported).—Australian Motorists’ Petrol 11/-. WELLINGTON Sales (late Thursday).—Bank of New Zealand £2/2/6; McDuffs (ord.) 11/-. Sales (yesterday).—3% p.c. Stock 1941 £101; 4 p.c. Stock 1949 £lO5/15/-; Bank of Australasia £B7/7/6; New Zealand Refrigerating (cont.) 9/6; New Zealand Breweries £l/14/-, £l/14/-; Farmers’ Trading £1 0/3, £l/0/3, £l/0/3: McDuffs (ord.) 11/-; Woolworths Ltd. 18/6; National Electric 17/6; Woolworths (New Zealand) 16/10. AUCKLAND Sales.—Stock 1946-49 4 p.c. £lO5/15/-; do. 1949-52 4 p.c. £lO6/15/-; Commercial Bank of Australia 15/-; Bank of New Zealand (2) £2/2/6; New Zealand Insurance £3/0/6; South British (late sale) £2/10/-, (2) £2 9/9; Dominion Breweries (late sale) £1 11/-; New Zealand Breweries (late sale) £1 14/3; British Tobacco £2/9/5; Broken Hill Proprietary (late sale) £2/6/9; Claude Neon (N.Z.) (late sale) £l/1/6; Colonial Sugar £52/10/-; New Zealand Refrigerating £1 0/6, £l/0/9; Taranaki Oil Developments 3/3; Wilson's Cement 19/7; Woolworths (N.Z.) 16/9; Clutha (late sale) 1/9. SYDNEY (Received September 27, 10.10 p.m.) SYDNEY, September 27. The tone of the share market remains strong, despite the uncertainty of the overseas situation. Sales:—Bank of New South Wales £27; British Tobacco £2/9/3; Felt Textiles £i 13/-; Colonial Sugar £47/15/-; Mount Lyell £l/8/3; Loloma £l/3/5. MELBOURNE Sales.—Commercial Bank of Australia 14/2; Drug Houses £l/8/9; Coles £3/6/-; Heralds £2/7/9; Emperor 10/4; Consolidated Industries £l/15/6; do. (new) 17/9.

SPECIAL SALE OF STOCK 600 HEAD OF CATTLE YARDED About 600 head of cattle from the back and high country were yarded at a special sale of stock at Lomeville yesterday afternoon. Despite the long trek the cattle, most of which were rounded up on stations in the Lakes District, were in good condition. The demand was fair. The yarding comprised mainly good forward stores. There were also some fat bullocks and about 130 head of young stock. The sale was conducted by Wright, Stephenson and Co., Ltd. The following sales were made: —

Account W. E. and J. S. Hazlett (Burwood), 45 3-year-old Hereford steers at £ll/5/-. Account J. W. Macalister (Kauana), 20 speyed Hereford cows at £7/5/-. Account E. D. Ladbrook and clients, 24 bullocks at £l2, 45 forward-condi-tioned bullocks at £l3/6/-, 24 at £ll/10/-, 40 steers at £lO/10/-, 42 steers at £B/10/-, 11 at £7/2/6, 42 heifers at £6, 49 empty cows at £5/15/-, 29 yearling steers at £4/14/-, 21 Black Poll m.s. yearlings at £5/11/-, 33 m.s. yearlings at £3/13/-, 11 steers and heifers at £3, 22 breeding cows and heifers at £7, 22 culled cows at £3/14/-, 21 empty heifers at £6/15/-, 14 cows and calves at £4/5/-, 5 stags at £4.

COMPANY NEWS GUARANTEE CORPORATION FINAL DIVIDEND

v (United Press Association) WELLINGTON, September 27.

The directors of the New Zealand Guarantee Corporation have decided to recommend at the annual meeting on October 29, a final dividend of one penny a share less the special national security tax.