COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2515, 17 July 1915, Page 8

COMMERCIAL ITEMS

. INVESTMENT SHARES. Tho' business .done in the. investment market yesterday' included National llortgago at •£4 IS. 6d., and Wellington Gas (£10) at £10.17e. 6d. The quotations wore as unt ' er " Buyers. Sellers. ' . " '£B. d. -£s.d. 'National "Bank ■.-.-—. SIM .Bank N.Z. (£3 6s. Bd.) ... - 1017 6 Bajik N.Z. (£6 13s. 4d.).... — 16 -7 6 'Union Hank ' —. 56 0 0 Lotnii Mercantile (0rd.)... — 8315 0 Well. Gas (pref.) - 1 0.1 Gear. Meat (£i) 4,0 0 410 0 Wcstport Coal .....: — ,H , Leyldnd-O'Bricn — . »•••• 4 N.SS. Dru« - N.Z. Portland: Cement 1 1 ' *Cum ; ' div. ' ;v . . SALJ3 .OP MVENSWOODTRpPERTr.- " The siile 'of the Ravenswoo.d, Block took place in North, on' Wednesday,some'3oo people being present, showing the ■great! interest taken in this ..subdivision.: Thobulk of the'sections were sold under tile hammer, or shortly, after tho auction, at prices ' Tanging from £37 per acre to £61 per' acre. Prices were as follow:— 'Section;!, 51.'acr<s3, "£'4s.per.'acre; Section 2, 51 acres, £45 per acre: Section 3, 72 acres, £51 per acre; Section. 4, 123 acrcs, £61 per acre; Section 5, 60 acres, £40 per acre; Section 6, 60 acres, £37 per ccre; Section 9, 53 acres, £38 per acre ; • Section 10, 25 acres, £48 per acre; Section 11, 29 acres, £50 por awe; Section 12, 35 acres. £45 per acre; Section 14, 74 acrcs, .£44 per acre; Section 17, 44-acres, £38 10s. pier acre; Section 13, 38 acres, £38 por acre.

Customs duty collected at tho port _of Wellington yesterday amounted to £3092 ss. 3d. .

SOUTHERN" SIARKETS. By Telegraph.—Press Association. Christchurch, July 16. Grain merchants are very quiet, tlicro being no business doing in wheat., Oats are worth more in:the country than nierchants are prepared to give', the demana at present being chiefly from farmers for their own requirements. . Oatsheaf chaff is firm, but the demand is limited at the price ruling. Potatoes aro rather easier, as the Sydney market "has declined probably in consequence of large shipments on the way from • New • Zealand. They are now quoted at £5 15s. to £6 at country stations. * .

LONDON WOOL SALES. By Telegraph—Press ' Association—Copyright ' London, July 15. The market is unchanged. Good. -wools sell well, but faulty are slow. - Prices realised:—'"Homebush," top price 20Jd., average price 16 '3-Bd.; "Tornleigh," 17*<L., 14d. New Zealand: "Wyndham," 20d„ " 17id.; ' "Toko," 16d., 15gd.; .••Waihopai," 25jd., 21Jd. . ' . BANK OF. ENGLAND KBTURN. (By Telegraph.—Press Assn.—Copyright.) ~ London, July .15. The Bank' of England Tetnrn issued for the week ended Wednesday, July 14, is as under:— I - ; ISSUE DEPARTMENT. Note Issue j£70,5£0,c00 Gov. debt ...' i 11,015,000 - Other fiecuri- . ties 7,431,000 Gold 62,131.000 . ; ' £70,580,000 £70,580,000 . . Banking Department. Proprietors' Gov. securi- n -capital £14,e53,CC0 tics £d1,718,C00 Public de- Other securi- , poEits . 62,967,000 tics 140,021,000 Otber do- - * posits' '...'157,984,000 Notes 5G,085,000 Best, 7-day .... and other' ' bills ..v ; 3,329,C00 Coin 057.C00 ' ' ■ '■ £228,841,000 ' *'• £228,851,000 Tho leading items of the Bank of Enj. land re torn afford, the following comport son:— ■ ; This week Last week Last year Bullion I '.. 62'.13'i;b00 '34.458,000 Reserve . ... 37.082,C00 3G.641.000 29.189,000 Note Circulation 34,493.000 35.073,000 29,315,000 Public Deposits 02.987.000 67,899,000 13,319,0C0 Other Deposits 157,984.000 139,659,000 42.456.000 proportion of,, , .. , . reserve to • liabilities . 17.57 17.63 52.28 ' GOVERNMENT SECURITIES. ■ The' following are; the latest quotations for Colonial Government 'securities in comparison with those ruling last week:— J '' . . - - Variation i , Stock ' • compared . Price. 'witli . 1 • • ' ■ last week. ... s. d. Imperial Coußola. : 6G i 0 »0 8/9 liiglior i ~N.S."W.ig33JavJnly 86' 1,3 -21/3 higher - ■3i ,;N.SAV:IG3O>SOMr.-Sp 95 8 9 3/9 higher , ~N-S-W. Early Gurr 83 • 5 • 0 Unchanged 3 Apl.-Oct 78. 0 0 Unchanged i v ,Yio. 1920 Jan.-July'. J J?5;;0 0• 7/6 lowor 84.Vic. 1921-6 Jau.-July 91 -5 0 Uncuang®i 3 v A'ic.-1929«49Jan.-July •76 .0. 0 Unchanged 3i „S,A. 1916 Jan.-July 85 5 .0 Unchanged 3 ~S.A. 1916 Jan.-July 70 0 0 Unchanged 4 „QTdl9ls-24 Jan.-July 05 5 0 5s lower :3& „QTdl923-47Jan..July 91 5 0 5s lo'wov 3 ~Q'l, d li)22-47Jan.-July 74 10*0 Uncbftngnd 4 r ,yN.Z. 1929 May-Nov.-: 95 "0 0 ..Unchanged 3i r N.Z. IOIJMOJan.-JuJy 83 6 3 1/3 higher 3 „N.Z. 1920 April-Oct. 76 .2 6 2/6 higher 85 „"\V.A.1915-35 May-Nov 67 10 0 Unchanged B „W.A,1915-iisMay-Nov 62 9 0 Unchanged Si ..Tag. 3620 Jan.-July . 65 10 0 Unchaogod „Tag, 1920-jp Jan.-July 76 1 3 1/3 lower MONET MARKET. • The Bank of England discount rate was on January. 2, 1914, roducod from 5 tov 4J per cent., on January 22 it was reduced to

4 .per cent., and on January 28 3 per cent. On July 30 the rate wAs raised to 4 per cent, and on January 28 3 per cent., and on August 1 it w«fl further advanced to 10 por cont. Ou August 6 the rate was reduced to 6 per cent., on. August ?' it was fur* tier reduced to 5 per cent., at which, rato it now stands. The Bank of Franco rato is 5 per cont., as Affamst. 4 per cent. ]Ast year.

OPEN MARKET RATES The open market discount Tate for three months' bills i 9 '5 per cent., as compared with 4 1-8 per cont. last- week ami 2 1-8 per cont. last year. Short loans are quoted at 3 per cent., as against 15 por ccnt. 'last week, an<l lj per cent, last year.

COLONIAL AND OTHEII PRODUCE. Bradford Tops.—Business is quiet, and inquiry limited' far early delivery, at 44d., 43id., 42d., 36d., 33d„ .27Jd., and 25cL MINING NEWS WELLINGTON SHARE MARKET. . In the mining market yesterday there were sales of Talisman at 21s. 3d., and Waihi Grand Junction at 225. 6d, Tho quotations were as under:— ' liuyers. Sellers £ 6, d, £ b. d. Murray's Freehold — 16 0 Wallii 119 6 -. Waitangi • —.' • 0 16 STOOK EXCHANGE. . (By TeiezraDh;—Press Association.; Auckland, July 16.. Sales:—Waihi, 395.-6d.;'Grand Junctions, 225. 9d. ■ Christchurch, July 16, Sale reported National Bank, 110s.' LONDON MINING QUOTATIONS. By Telegraph—Press Association—Copyright London, July 15. Stock and share market quotations in-, elude:—British Broken Hill,- 225. 6d. and 235. 9d.; Block, 20s. and 225. ,6d.; South Broken Hill, 1425. 6d. and >1475. 6d.; Hamp-den-Cloncurry, 31s. 3d. and 325. 3d.; Mount Elliott, 625. 6d. and 655.; Talisman; 20s. and 225. 6d, MOUNT liYELL MINE. . . (Rec. July 16, 10.15 p.m.) Melbourne, July 16. Mount Lyell Mine, from June .10 to July 7: The converters produced 593 tons of copper, 39,693 ounces of silver, and 797 ounces of gold. : ■ '■

HIGGINSON AND MACSHANE, 143 Peatherston Street, iWellington,' SHABEBEOKERS and ACCOUNTANTS. MONET TO LEND on First-class Freehold Security., ...