COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1788, 28 June 1913, Page 8

COMMERCIAL ITEMS.

INVESTMENT -'SHARES. The sales of invostmant shares recorded yesterday were -Wellington Trust and Loan at £7.6 a.: Christchurch 'Gae, at £7 11a/; and Union Steam, at 435. /jd.,- The quotations were as under;— ; / Bnyom Sellers. ! £ s. d. £ e. d. National Bank (old) ,| — 5 3 5 Metropolitan*■ Building.... — 12 8 0 National Mortgage ...,' 3 16 6 — N.Z. Loan and Mercantile (pref.) 1 96 10. 0 — N.Z. and River Plato ... 1 19 9 — Well. Tru&t and T/oftX'i ..., 7 4' 6 7 5 6 Wellington Deposit ..' 0 5 6 — Christchurch Gas 7 10 0 — Christchurch Meat 15 2 6 — Gear Meat (£4) 12 6 0 — N.Z. Shipping 5 15 0 — Union Steam : 2 3 3 2 5 0 Taupiri -Coal . — 12 0 Westport Coal 17 0 — Westport-Stockton ; 0 4 0 0 4 2 Tarinco.mutu Totara 2 3 9 — fihariand'n prefer euco ...; — 12 6 Ward and Co '. 5 2 0 — W.F.C.A. (£1) ; - 18 3 KAURI TIMBER COMPANY. In moving the adoption of the directors' report at the half-yearly meeting of tho Kauri Timber Company, Ltd., hold in Melbourne on June, 19, Mr. Gcori;o Lush, who presided, eaid that although .'ill the conditions wcro not as favourable <js they would desire,.tho directors anticipated being ablo to present a fairly satisfactory ■ report at the end of the year, and they felt warranted in recomjnending the payment of an interim dividend at tho rate of 8 per cent, per annum. The motion for tho adoption of the report -was-agreed to. Customs duties collected at the port of Wellington yesterday amounted to £3686 IBs. 6d. A DULL GRAIN MARKET. (Br Telegraph.—Proa® Association.! Chrlsf.thurch, Juno 27. There Is no news to rocord in connection with tho.local grain mo.rket, as merchants reiport that there is abrolutely nothing doing. The potato markot has cased again, as the Auckland demand has evidently been satisfied for the timo being, and buyers in that quarter aro not now open to do business at late r.ites. The best offer locally is now £3 ss. -per ton, packs extra, at countTy stations; and in the present state of tho market buyers are not anxious to make purchases. BANK OP ENGLAND RETURNS. By Telegraph—Press Association—Copyright (Rec. June 27, 8.55 p.m.) London, June 27. The Bank of England return issued for the week ended Wednesday, June 25, is as under:— Issue Department Hot« liiUt £68.220.000 Gov.dabb - fn.015.0M Othor s'icuritios ... ... 7,434.000 Gold 36.771,000 £55,2-20,000 £35,220.000 Banking Departmexii Proprietors' Govt, sectiricapital £14.553.000 .ties... ...£12,758,000 Public d«- Other seenrtposits ... 18,032,000 ties... ... 36.101,000 Ofcberdoposita ... 41.301.000 Notts ... 26.567.003 Best, 7-day and othor bills... ... 3,274.000 Coin... ... 1,647,000 £77,163,000 £77,163,000 The leading itoms of tho Bank of England return afford the following comparison :— This weak Lns& weak Last year £ £ £ Bullion . ... 36,771.000 ?fi,940,000 39.651,000 Reserve . ... 18.214.0C0 '28.711,000 30,3-25.000 Note circulation '28.653.000 C 8.253.000 29.209.000 Public Doposits 18.032,000 15.050.000 23,719,000 Other Doposits 41.304,000 40,960.000 43,018,000 Proportion of reserve to , liabilities... 47.03 4D.21 45.42 GOVERNMENT fJECURITIES. The following aro tho latest quotations for Government securities, with a comparison of those rulin'f last week:— Variation _ compared Pries. with - last week. £ s. d. 24% Imperial Consols 72 17 6 2/6 lower 4 N.S.W. 1933Jau.-.'/illy 101 0 0 Unchanged 34 „N.5.W.1930-50Mi.-Sp 97 0 0 Unchanged 34 ~ N.S.\V.-19i0-60 69 0. 0 Unchanged 3 ..N.S.W. 19-25 ApV.-Oct 82 0 0 Unchanged i Vic. 1920 Jan.-July 90 0 0 Unchanged 3$ „ Vic. 19-21-6 .Tan.-July 93 0 0 Unchanged 34 „ Vic,-1029-19 91 0 0 Unchanged 3 Vic. 19*29-49 Jan. July 77 0 0 Unchanged 34 „S,A. 1916.Tan.July 69 0 0 Unchanged 3 „S.A. I(ll6Jan. July 73 0 0 Unchanged 4 I( QTdI9IS-21 Jan. July WOO Unchongcd 34 Q'l'dl922-17Jan.July 93 0 0 Unchanged 3 „QTdl922-4'/Jan.July 76 0 0 Unchanged i N.Z. 1929 May-Nov. 100 0 0 Unchanged 34 „N.Z. 1912-10 Jan.July S8 0 0 Unchanged 3 N.Z. 1920 April-Oct. 77 0 U Unchanged 35 „W.A.1015-35 May-Xov 88 0 0 Unchanged 3 „ \V. A,1915-35 May-Xov 61 0 0 Unchanged 31 ~Tas. IWOJau.Jiily 63 0 0 Unchanged 3 „Tas. 1930-10 Jau.-July bl 0 0 j Unchanged

BANK KATES OF INTEREST. The Bank of England rate was. on February 8, 1912, reduced from 4 to 35 per cent., and on May 9 it was further ro(hice;\ to 3 por cent. On August 29 it was raised to 4 per cent., and on October 17 to 5 per cent. It was reduced to 41 per cent, on April 17, 1913. Tho Bank of France rate was reduced from 31 to 3 per cent, on January 23, 1908, and continued at tho latter figuro until September 12, 1911, when it was raised to >! per cent. On llay 17, 1912, it was reduced to 3 per cent., on October 17 it was raised to 31 por cent., and on Ootoher 30 to 4 por cent. MARKET KATES OF DISCyON'T. Tho folio wine are the market rates for best three months' bills:— London Paris Berlin rate, rate. rate, per per per cent. cent. cent. This week 4 3-8 33 53 Last week 4} 33 53 Last year 213-16 23 4.1 Short loans are quoted at 3 3-8 per cent., as against 3i per cent, last week, and 21 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat.—Cargoes ore inactive, and tending downwards. An Australian cargo Gold at 375. Australian, on spot, is quoted at 295. 6d. Flour is quiet. Australian, on spot. 375. 6d.; June shipment, 265. 6d. Oats are steady. La Plata, June-July shipment, 16s. Beans and peas are aniet and unchanged. Butter is dull and unchanged. Thero is littlo choicest colonial offering; secondary is not wanted. Oheeso is firm. New Zealand, coloured, 61s. per cwt.; white, ,63e. Sugar,—German beet, 88 per cent, not titro, 2d. lower, at fe. 3d. per cwt.; flrstmarks, granulated, f.o.b. Hamburg, 23. lower, at 12s. Id. Bradford Tops.—The maikot is dull. Tho quotations are: Sixty-fours. 293 d. per lb.: super sixties, 29} d.; common sixties, 28id.; fifty-sixes, 24d.; fifties, 22? d.; forty-e'ixes, 171 d.: fortes, 16d. LONDON MARKETS. Mossrß Dalgety and Co., Ltd., Wellington, have ireceivcd advice by cablo from their London house, dated June 26, in regard to tho following markets Frozen meat: Thero is a good demand. For mutton prices aro pa.r to Jd. highor. For light-weight lamb, any change in prices is in favour of buyers. Heavy-weights are fld. per lb. lower. For good quality beef, market is firm, but prices arc unchanged. Inferior descriptions aro difficult to sell. Owing to reduced shipments of chilled beef, tho market is steadier. 'Tallow; The martot is very quiet. • ANTWERP WOOD SALES. By Telegraph—Press Association—Copyright ■ (Rec. Juno 27, 8.55 p.m.) London, June 27. The Antwerp wool sales opened with a good attendance of buyers, but with moderate animation. Holders wero firm at Anril prices. Out of 3092 bales La Plata offered, 1160 wero sold. VICTORIAN PRODUCE MARKET. Sydney, June 27. Wheat, 3s. Sd. to 3s. Bid. Flour, £8 15s. Barley, malting, English, 4s. Id.; Cape, 2s. lid. to 3s. Id. Oats, feeding, Is. lld._ to 2s. 2d.; milling, 2s. 3d. to 2s. 4d. Maize, £4. Bran and pollajd, £5. Potatoes, £3 ss. to £4 15s. Onions. £5 10s. WHEAT. London, June 2. Official quotations for wheat:—New South Wales. Ylctoiian, and South Australian, for prompt delivery, unchanged. Liverpool futures, 7e. 6d. per cental; July delivery, 7s. 5Jd.