COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2612, 6 November 1915, Page 8

COMMERCIAL ITEMS

INVESTiIENT SHAKES. . Here were more buyers than sellers in the investment market yesterday, but no business was done. The quotations were as under:— Buyers. Sellers. „ £ s. d. £ s. d. National Bank 5 0 0 — Well. Trust. Loan, Ltd. — 77 6 Well. Moat Export (£5) — 6 0 0 Well. Meat Ex. (£212 6d.) — 215 0 Union Steam (ord.) 14 0 14 6 Union Steam tprof.) .109 — Well. Woollen (pref.) " 3 6 6 — Taiupiri Ooal ....: — 0 15 S N.Z. Drug ; 2 4 3 2. 5 0 Golden Bay Cement 0 19 6 — Sharland (ord.) 13 0 — Sharland (prof.) 13 0 — Ward and. Oo 6 0 0 — COMPANIES REGISTERED. The "Mercantile Gazette," published yesterday, records the registration of the following companies:— Excelsior Laundry, Md. Registered as a private company, October 26. Office: Wellington. Capital: £<!COO, divided into 4GOO shares of £1 each. Subscribers: Welling-ton-O. W. Oldham, 35C0; A. E. Moss, 500. Objects: To acquire the property of the bxcelsior Laundry now carried ou at Wellington. Upper Hutt Publishing Co., Ltd. Bolstered Octobcr 29. Offlco: Main Road, Upper Jlutt.' .Subscribers: Wellington—J. S. Bar--11.11.I 1 . Auton, P. E. Patrick. Upper Hutt— 11. R.Gibbs, P. D. Davis; T. P. Boyd. Wal-locevjil<v--B. A. Barker (all one share each). Objects: To carry on tho business of printers, publishers, etc.. John, Ltd. (The). Registered as a private company. November 2. Office: 37 Johnston Street, Wellington. Capital: £eQOO, divided Into MO shares of-£lO each. Subscribers: Wellington—F. Holm, 660; M. T. Holm, 40; b..Holra, ICO. Ob.iects: To acquire tho Bhip John and to carry on the business of shipowner in all its branches. Burch and Co., Ltd. Registered as .a private company, November 2. Capital£2ooo, divided into 2COO shares of £1 each. Subscribers: Wellington—A. E. Buroh, 1800; A: Griffiths, 200: Objects: To carry on the business of general merchants, wholegal© and retail.

Dominion Farmers' Institute, Ltd. Regis, fered November 2. Capital: £SG,CCO, divided Into 10,000 shares of £5 each. Subscribers: Hororata—J. D. Hall, 10. Christchurch—E. W. Relph, 10. Bulls-J. G. Wilson, 25. Wanganui—E. A. Campbell,- 20. Oarterton— W. H. Booth, 20. Mosgiel—J. BeKg,.lo. Ashburton- -G. W. Leadloy, 10. Wellington— A. L. Hunt, 10. Blenheim—R. F. Goulter. ?0. Objects: To acquire certain land in Wellington, and to erect buildings thereon for a farmers' institute.

Motuelea-Cool Storage Co., Ltd. Registered October 2Z. Capital: £10,CCO, into 1000 £ hares of £10 citch. Subscribers: Riwaka— Horatio EtotoU, 80; Eleanor F. .Anderson, 50; William E. S. Howling,. 80. Lower Mou-torc-Oharles H. Jlackay, 30; Gerald J. D. Allcott, 10; William A. J. Brlggs, 20. Nelson— Arthur JTKee, . 80. Pangatotam— George Chapman, 20. Objects: To carry on Rnd conduct trade or business of cool storing for, fruit. Customs duty collected at the port of Wellington yesterday amounted to £3297 7s. 3d. LONDON WOOL SALES. By Telegraph—Press Association—Oopyrielt (Bee. November 5, 10.30 p.m.) London, November 4. The wool soles exhibit a better spirit, and prices a,ro very firm. The following oie tho prices realised for the fleece portion of the clips named:—"o<hoka," top price-27d., average price 263 d.; "Reay," top 165 d., average ISSd.; "Tarakhi," top 19d., average Ilgd. Messrs. Dalgety and Company, Limited, have received the following cablegram from' their London house, under date November 4:—"Long-stapled greasy merinos, 5 per cent, above closing rate of last salea; good demand for bulky scouredß. Short faulty merinos arc 7} per cent, lower than Septemper prices, and aro neglected; for greasy crossbrcda the opening rates have been maintained. Fine scoured:;, 10 per cent, dearer, end medium and- ooarsc aro 5 per cent, to 7£ per cent, dearer, America buying these wools. Sliipes of bettor descriptions are 5 per cent, to 71 per cent, doarer, whilst inferior are 10 per cent, dearer than September prices." Messrs. Murray, Roberts and Co., Ltd., have this morning received a cablegram from their London friends, Messrs. Ban del'6on, Murray and Co., under date November 4, as follows:—"For best descriptions of wool the market Is firm. Good demand for crossbred. Compared with opening rates crossbred fine, scoured, and greasy, has advanced li per cent, to 10 .per cent. Medium scoured advanced 7* per cent, to 10. per cent.; medium greasy advanced 5 per cent, to 7J per cent.; greasy ooarse advanced. 5 per cent.; slvpe advanced 5 per cent, to 7i per cent." BANK OF ENGLAND RETURN. (By Telegraph.—Press Assn.—Copyright.) (Rcc. November 5, 10.30 p.m.). London, November 4. The Bank of England return issued for the week ended Wednesday, November 3, is as under:— ISSUE Department. Koto Issue ;C74,948,000 Gov. debt ... i 11,015,000 Other securities 7.434,000 Gold 50,499,000 £74,048,000 £74,018,000 Banking Department. Proprietors' Gov. securicapital £14,553,000 ties £18,695,000 Public dc- Other sccuriposits ••• 45,537,000 ties 08,540,000 Other deposits ... 95,774,000 Notes 41,515,000 Best, 7-day . and other bills ... 3,246,000 Coin 160.000 £159,110,000 iIaO.HO,OOO The leading items of tho Bank of England return afford the following comparison This week Last week Lastyear Bullion ... ... 56,499,000 66,974,000 68.941,000 Beservo - 41.675,000 41.85 C.OOO 62.394.000 Koto Circulation 33.433,000 793,000 35,530,000 Public Deposits 45,537.000 42,885,000 16,451.000 Othor Deposits 95,774.000 99,670,000 140,293,000 Proportion of reserve to liabilities 29.48 30.01 33.43 GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government securities in comparison with those ruling last iveok:—

MONEY MAItKET. Tho Hank of England discount rate was on January 2, 19R reduced from 5 to 45 per cent., on January 22 it was reduced to 4 per cent., mid on January 28 3 per cent. On July 30 tho rate wag raised to 4 per cent., and on July 31 it was raised to 8 per cent., and on August 1 it ivas further advanced to 10 per cent. On August 6 tho rate was reduced to 6 per cent., on August 7 it was further reduced to 5 per cent., at which rate it now stands. The Bank of Franco rate is 5 per cent., as against 4 per ccnt. prior to tho war. OPEN MARKET RATE. The open market discount rate for three months' bills is M per cent., as compared with 4? per cent, last weak, and 3 por cent. Inst ycaj-. .Short loans are quoted at 43-8 per cent., as against 4 3-8 per ccnt. last week, and lj per cent, last year. Q COLONIAL AND OTHER PRODUCE. Wheat—Tho market is rjuiet: cargoes aro ca-sier and parcels aro 3d. to 6d. lower. Flour is firm and advancing. Oa.ts—The market is firm, but inactive. La Plata. October-November shipment, 30s. 6(1. J'eas, are Arm. New Zealand maples. 68s to 725. Bradford Tops.—The market is very firm. Sixty-fotos, 37<1.: super sixties, 36d.; common, sixties, 35d.; (ifty-si'xes, 32} d.; fifties, 29id.; forty-sixes, 25Jd.; forties, 2<td. Sugar is firm and unchanged. Butter—The market is un'changea, bnt displays a rather steadier tone, the recent reduction having somewhat increased tho demand. Colonial has been cleared. Choose.—The market is firmer. Now Zealand standing at about 83s. Tho Government is purchasing in, Canada. METAL MARKETS. Pig-Jron, 675. sd. per ton. Lead, soft foreign, on spot, £24 17s. 6d. per ton: forward delivery, £23 15s. on spot, £82 per ton; forward, Silver.—Bar silver is quoted at 24 7-16 d j>er ounce standard. FRENCH WINE CROP. By Telegraph— Press Association—Copyright (Rec. November 5, 10.30 p.m.) . Paris, November 4. 1 Tho Monateur Viticole" estimates the Trench wine crop at about 5C0,000,050 gallons. VICTORIAN PRODUCE MARKETS. Melbourne, November 5. Wheat, prices nominal. Flour, £17 Oats Japanese 2s. 55d., Chili 35.; maize 4s 6d •' bran, £4; pollard, £6; potatoes, £14;onioa?' £o 10s. to £4. , ' ! . MINING NEWS WELLINGTON SHARE MARKET. There was nothing doing in tho mining "sounder-- ' Quotations were Buyers. Sellers, n nt ••£S. d. £s. d. Murray Creek (old) — 1 16 6 'Murray Creek (new) - o 16 6 Murray's Freehold — 14 9 Taxman - 016 0 *Prennum. ■ 'STOCK EXCHANGE. Br Telecraph.—Press Association. „ . . Auckland, November 6. W^M S l7 Wk i ail ? ? a ' 6 ' Ms ' Reported— Wailii, 375.; J3ank of New Zealand, £10 75.; New Zealand Insurance, £6 lis. 6d.- Auclt' land Gas, 295. 3d.; GisborUo Gas, 325. 6d. (Ho 1 T- 1 Dunedln, November 5. Stock Exchange sales ;-National Insur--328° M MUburn Lime and Cement, WAIHI RETURNS. Following is the Waihil return for the foui weeks ended October 23£25,934 from 10,468 tons of quartz.

i Variation ! Rfooif „ compared btOCK p rJce> witb last wcok. £ 3. d. . 21% Imperial Consols 65 0 0 1/3 lowor i H.S."\V.1933Jau.-July 95 G 0 2/6 lower 5j ,N.S.\V.lGa0-50Mi\.Sp 1)5 1 (j 4/6 lower 3& „N.SAV. Early Cuit 83 5 0 1/3 lower 3 N.S.W. 19^5Apl.-Oct 73 0 0 Unchanged i „Vic. l92UJ«u.-July D5 10 0 5s higher Bi ,.Vic. 1021-B Jau.-July 91 5 0 Unchanged 3 t ,Vie. 1929-49Jaii.-3uly 76 0 0 Unchanged 34 „S,A. 191B Jau.-July t5 5 0 Unchanged 3 ,.8.A. 1016 Jau.-July 70 2 6 Unchanged 4 M QTdl015-'2lJftn.-July 95 2 G Unchanged 3i „QTdl9&M7Jan.-July fl 7 6 Unchanged 3 „QTd392 , .M7Jan.-July 74 10 0 Unchangod i "N.Z. 1929 May-Xov. 95 0 0 1/3 lowor 3* "N.Z- 391'MO Ja«-Jly S3 5 0 5s lower 3 "N»Z. 1920 Aprll-Oct 76 0 0 Unchanged 35 '"W.A. 1915*35 M'y-N'v 87 15 0 5s higher 3 "W.A. 1915*95 M'yNov 0,0 Unchanged Si "TaB 1620 Jen-July W 7 / 8 Un«b&ngfl«3 ,, iBSO-iS JuMr ? s 1 a