COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2764, 6 May 1916, Page 10

COMMERCIAL ITEMS

INVESTMENT BHABEtf. On the Wellington Exchange yesterday a sale of Union Steam (ordinary) was made at 325. 9d. The quotations -were as follow :— , Buj'ers.. Sellers. £s. d. £b. d. National Bank 5 4 0 — Bank N.Z. (£3 6s. Brt.) ... 10 16 0 — Bank N.Z. (£6 13s. 4d.) ... 17 0 0 - • Equitable Building ........ 9 15 0 — N.Z. and Biver Plate < 2 0 6 ■ — ■ We'll. Invest. T. and A. ... • 0 10 3 0 11 0 Well. Trust, Loan. Ltd. . — 71) •Woll. -Dep. and Wort. ... 0 7 6 0 9 0 Auckland Gas (paid) 19 6 ■' — Cliristchurch Gas (£5) ... 7 6 6 Gisborne Gas „... 113 0 — Napier Gaa (£5) 8 5 0 — Well. Gas (pref.) , o'lß 9 '10 0 Gear Meat (£1) 4 4 0 — N.Z. Shipping (or<l.) MOO Waipa Coal 0 18 0 0 18 6 Westport-Stockton 0 5 1 — •Kauri Timber (155.) 014 6 —, Golden Bay Cement 116 12 0 C. 31. Banks 13 0 - fSliarland (ord.) ;'... 15 0 - ■fShnrland (pref.) 15 0 — . 'Cum div. +Es div. Customs duty collected at the port of Wellington yesterday amounted to £2478 9s. 2d. EXCESS INSURANCE COMPANY. , The Excess lusurdnco Co., Ltd., of London, has declared a dividend of 10 per oent.. together' with a bonus of 5 per cent.; for tho year ended December 31, 1915; £15,000 has been added to the fund for' depreciation of .investments, making the. total thus allocated £59,968; £58.CC0 has been added-to general reserve, and £20,CC0' has been set aside to meet war taxes. TAUPIRI COAL OOJIPAKST. By Telegraph-Press Association: : Auckland, May 3 A loss of £6763 on the year's working H shown by the annual report of iho Tenpin Coal Co. The.mine disaster' wita the compensation -claims and—legal expenses connected therewith amounting to £25,762 have been met. There Is still one claim outstanding. - SOUTHEEN MARKETS. Chrlstchurch, May 5. The local wheat market 'is very quiet, and prices, if anything, are rather easier. A l&rge quantity of damaged Tuscan wheat is ottering, which is in little demand, is selling at. 3s. 9d. to 3s. lOd. at counrty stations. 'Milling Tuscan: Sales have been niaae at ■• 4s.:'to 46. 2d.; Hunters which recently' changed. hands at 4s. 3d. are said •to be not. worth so much; pearl 'is .worth 4e. 7d. to 4s. Bd.; bran advanced to £4,' end pollard to £7. Oats.—The market is lifeless. There are no'offerings on the basis of Southland values.' Garten's are worth only 2s. at country stations. ' The potato market is quiet, with-not much offering. Shipments ' have been made to Australia, a'nd graders are requiring, shippers to strictly comply with the regulations regarding the : condition of potatoes required by. the Australian authorities... The price remains «t £4 to £4 65. at country stations, but most buyers are offering a lower figure.

LONDON WOOL SALES. By Telezrash—Press Association—Copyright CBec. May 5, 9.30 p.m.) ■ London, May 4. At. the wool ealcs there was lteen' demand, tho prices for all classes being at the highest o! ,the series. The following were the prices realised fleece por'-> tions of the clips/namcd:—Weka. top' price 19W-, average price 18id.; Tahora, ■ top ,19id.; average 17Jd.; Drysdile, t..p lsjd., average 18d.; Ashcott. top- 19d., averaso 18id. '• . ■ 7ICTOEUX PHODUOE MARKET. i Melbourne, May 5. Bran,- £5 ss. Pollard, £6 ss. Barley, English, 4s. 4d. to 4«. 9d.: Cape, 2s. 9d. to 3s. Id. Oats, milling, Algerians; 2s. 3d. to 2a. 3Jd.; feed, 2s. lid. to 2s. 25d. Potatoes, £5 10s. to £6. Onions, £3 10s. to £4. BANK OF ENGLAND RETURN. London, Hay 4. The Bank of, England return issued for the week ended Wednesday, sloy 3, is as under:— Issue Dep/jitsient. \ Kote Issue £74,766.000 Gov. debt ... £11,015,000 . Other securities ■ 7,431,000 Gold 66,337,000 £74,760,000 ' .£74,766,000 : . Banking Department, Proprietors' ' Gov. seburicapital ' £14,553,000 ' ties £33,168,000 Public de- Other securiposits ... 48,444,000 ' ties... ... 77,377.000 ; Other deposits ... £6,024,000 Kotcs... 40,453,000 Best, 7-day and other bills ' ... 3,130,000 Coin 1.133.C00 £152,151,000 £153,151,000 Tho leading items ol the Bonk . of Kn 5'flna return afford the following comp&ri«ot". ■ This week Last week Lastye&r £ £ £ Bullion ... ... 56.337,000 57.653,000 54.037,000 Reserve ... 41.586,000 43.271,003 30,600.000 Koto Circulation 34.333.000 34.103,000 33,441,000 . Public Deposits 48,444.000 61.722.0C0 134.165.000 Other Deposits 66,021.000 65.472.000 85.129,000 Proportion of ■ reserve to . liabilities 30.92 29.39 18.15 . GOVERNMENT SECURITIES. Ths following are the latest quotations

for Colonial Government securities in comparison with those jnling last week;— Variation Block compared .• Price. i with last week.

MOSEY MAKKET. . The Bank of Kngian-a discount rote w:<h on January 2, 1914, Teduced from 5 to 4J per cent., on January '11 it was reduced to 4- per cent., and on January 25 3 per cent. On July 50 the rate .was raised to 4 per cent-., and on July 31 it was raised to 8 per cent., and on August 1 it was further advanced-to 10 per cent. On August 6 the rate was reduced to 6 per cent., on August ' it was further reduced to 5 per cent., ai which rate it now stands. The Bank of Prance rate is 5 per cont., as esainst 4 per cent, prior to tho war. OPES MARKET BATE. Tho open market discount rat© lor three months' bills is 3 9-16 per cent., as compared with 4 9-16 per cent, last week, and 25 per cent, last year. Short loans aro quoted (it 4 per cent as against 4 per cent, last week, and 13 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat.--The market is quiet and unchanged. Flour is dull. Australian Is quoted at 475. • Oats,—The market is firm, but inuctivo There are no La Plata oats offering.Peas and beans are in small demand. Butter. Market steady; prices firm. Australian, exhausted till Orolrtss arrives. I\ew Zealand, scarcc, choicest, 161s. to !&s Danish, 170s. _ Cheese.—KcaTce. Market very firm. Row Zealand, 112 a. : Sugar is steady and unchanged. , Tops.-The market is firm, Sixty-fours/ 451 d.; super-sixties, 4®d.: common sixties, 43jrd.: fifty-sixes, 38d?; fifties 3M.; forty-sixes, 2SJd.; forties, 26Jd. METAL' MARKET. Pig iron Is quoted at 82s. 6d. per <^n.

£ 9. d. JioperM Consols 57 0 0 2/6 lower 3*„;WaxLoim 67 12 6 a/6 higher Jf 03 * 95 0 0 Sos lower ' f. ,.N.S.\S .3933Jan.-Jtily 84 5 0 2'6 higher 3J ,U.S."W.1930-50Mr.-Sp 06 2 6 7/6 higher 3i jiN'SAV. Boi'ly Cuit 70 17 6 or higher 3. ,.N.S.\V. 1025Apl.-Oct 70 0 0 96 higher i „Vio, 1920Jan.-Ju!y 94 15 0 12/6 higher "Xi 0, Jan.-July 84 5 0 Unchaugad 3 62.15 0 5s higher 3a „S,A. 1916 Jan.-July ; 7*2 7 6 a/6 lower 3 ,.B.A, 1916 Jan.-July 53 10 0 os higher 4 •,QTdlG15-2Uan.-Duly 90 1*2 6 Unchanged 3g „(J'Pdl922-47Jan.-July £6 15 0 ' fis lower vQ'l'dlWi-jTJau.-July 63 7 6 lOslowor «» May-Kov. 85 5 0 i/6 hifchor Sj 4 r>.Z- 191*2-40Jan.JJy 7-2 17 6 2/6higher 3 N»Z. 19*20 April-Oct 63 17 6 Unchanged 3h VV.A. 1615-35M'y-N'v 73 15 0 20s lower 3 "JV A. 1915-35 M'y-Nov 6S 15 0 2/6 higher aj Taa 1920 Jan-July 73 35 0 22/6 higher 3 Tfts 1920-40 Jan-July 63 10 0 Unchanged