COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2972, 9 January 1917, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. Yesterday's quotations lor Investment shares were as follow:— Buyers. Sellers. £ b: d. £'e.A. tNatlonal Bank 417 0 — Bank H.Z. (£3 6s. Bd.) ... 10 15 6 ■ - Well. Trust, Loan. Ltd. 612 6 617 6 Well. Gas (£10) — 15 5 o fUnlon 6te&.m (ord.) 2 2 0 — tO. M. Banks, ltd — 14 0 tEi <Uv. Customs duties collected at the port of Wellington yistcrday amounted to £ZX6 16s. PIFIH GEKHAif WAR LOAN. ' Figures of tho fifth German war loan, as far fa they xelato to tho comparatively small investor, afford some causes for self-congratulation to British loaders, states the National War Savings Committee. Of subscribes of sums up- to 10,000 marks, whereas their total number in the case of tho fourth • loan was 5,188,914, they amounted to only 3721530 in tho case of tho fifth or latest. Their total subscriptions amounted to 4.348,000,000 lor the fourth loan, to 3,198,000,000 for the fifth. If subscribers ol 10,000 marks or less be subdivided into classes—those of from 1 to'2oo marie, thence to SCO, to 1000 to 2000, to 5000, and to 10,000, a decrease both in subscribers and subscriptions mis disclosed in orory class, the average decrease being 27.7 per cent, for subscribers, and 28 per cent, for subscriptions. Tho latest loan was advertised to an unpre-, eedented extent among tho classes from whom the smaller subscriptions would be drawn. Perhaps the classes subscribing from 1 to 200 marks, and from 200 to 600, approximate most nearly to those .purchasing war savings corElßcates in Great Dritain 'though war savings associations, the committee adds. In tho tost class tho subscriptions have been reduced by 23.3 per cent., and in the second by 38.9 per cent., while the steady growth of the war savings associations—of which there are now more thiin 11,000—and the steady stream of contributions received by them make it not difficult to decide in which country the savings of the lower and middle classes will be exhausted first.