COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3030, 17 March 1917, Page 12

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's quotations for investment shares were as follow:— Buyers. Sellers. -. £ B.d. £ B.d. National Bank 5 10 — Bank N.Z.'(£3 6s. 9d.) ... 11 6 0 - Union Bank 52 7 6 — Loan and Mercan. (ord.) 82 0 0 — N.Z. and River Plate ... - 118 9 Well. Invest, T. and A. ... 0 11 0 0 11 6 Well. Trust. Loan. Ltd. . 6 15 0 - N.Z. Insurance 7 7 6 ' — Huddart-Parker (ord.) ... 1 '6 0 — Westport Oonl — 17 6 Westport-Stoekton (pref.) - 011 6 Lovln.r.d-o'Hri.pn 14 3 - Golden Bay Cement — 110 . Customs duties collected at. the port of Wellington yesterday amounted to £1717 2s. 7d. BANK OF ENGLAND RETURN. (Re'c. March IG, 5.50 p.m.) London, March' 15. The Bank of England return issued for the week ended Wednesday, March lith is as under:— , Issue Department. Note Issue J370.436.000 Gov. dohfc... j211,015,000 Other securities 7,4:54,nc0 Gold 51,567.000 £70.436.000 JtV0.436.000 . Banking Department. . Proprietors' Gov. securicapital ' £14,553,000 ties £24,081,000 Public de- Otbersccuviposits ... 66,377.000 lies 165,425,000 Other deposits - 119,114.000 Notes 32,363,000 Best, 7-day and other bills ... 3,623.000 Coin 1.798.C00

i:223,667,000 £223,667,000 The leading items of the Bank of England return afford the following comparison:— '•"

This week Laafcweek LaKtyear ;S .£ £ Bullion 51.t187.C00 M.531.000 54,2-M.OCO Hesorve ... 34.161.000 34.113,000 40,666,000 Note Circulation 38,073,000 38,237,000 32,01-2,000 Public Deposits' 86,377.000 1M.M.000 62.404,000 Other Deposits 110.114,000 123,165.000 95,276,000 Proportion bl ieso'rvesto liabilities ' • 16.62 14.0-2 27.03 !. GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:— . • Slnflf This Ij «s' mock ... Wcek W(jok 257» Imperial Consols f a % l \ v%% Hi „ \y ar iiOd.il Oi n n tw n n 4 „M.6.W.1933Jan-JuJj %. S 2 5; » 9 Ji.,S.S.W.W».»Mr.-Sp Zw b. min n 3J„N.S.W. Early Uurr. Os„ V»c. 1921-6 Ja,u,-July K » ,» a c 1 lr , n ' 3i,.V,«..J2u.;949 eS 0 0 66 0 0 J ... Vi c . 1929-41 Jen.-Jly § ? 3 g $ S j? 3i„5.A.1916.3an.-July 7010 0 60 17 B ' 3' „S.A. 1916 JflJl.-July r,fi n 0 at. a ~ 4 „QTd 1915-24 Jan.-Jly g? 6 0 87 0 0 3i„«Td1922-47 Jan.-Jly 85 0 0 ■ 73 17 6 * „N.Z. 1929 May-No v. 84 0 0 82 15 0 3| „ S.Z. 1912-40 Jan.-Jly 70 10 0 ' 70 0 0 3 „ N.Z. 1920 April-Oci. 61 2 ■ c 60 15 0 3J „ W.A. 1915-35 Jly-Nv 75 0 0 75 0 0 3 „ W.A. 1915-35 My-Nov 70 S 0 70 5 0 ■3i„ Tas. 1920 Jari-July 70 0 0 70 0 0 3 „ Tas 192040 Jan.-Julj S3 0 o| 61 10 0

MONEY MARKET. The Stock Exchange is quiet. All giltedged securities are iirm as the result of tho British successes in Mesopotamia, and tho Western front.. The Bank of England discount rate was on January 2, 1914, reduced from 5 to 44 per cent.,. on January 22 it was reduced to 4 per cent., and on January 23 3 per cent. On July 30 the rate was roioca lb A per cent., and on July 31 it was ratsefl to 8 per cent., and on August 1 it was mrther advanced to 10 per cent. On August 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to 6 per cent., on July 13, -1916, it was raised to 6 per cent. OPEN MARKET KATES. The open market discount rntn for three months' bills is 4 9-16 per cent., as compared with 43 per cent, last week and 5 7-16 per cent, last year. Short loanfi are quoted at 4i per cent., as against 42 per cent, last week and 41 per cent, last year. COLONIAL AND OTHER PRODUCE. Butter.-The trade is at a standstill. Prices are nominal. Sales are only possible at several shillings under the maximum, buyers '■ holding off, knowing it to be practically certain that the maxi-mum-will not be raised. They are expecting it to be lowered on March 23. Cheese.—Firm, at the maximum. Sugar.—Unchanged. i Bradford Wool.-Excecdingly strong tone on the market. All prices, are advancing. Sixty-fours, 73d.; sixties, 71d. and 70d. THE METAL MARKETS. Copper.—Spot, £136 ss. per ton; Ihfl(e months. £155; electrolytic copper, £149. £30 10s. per ton; three months, £29 10s. Spelter, Spot, £58 10s. per ton; three months, £55. Tin-Spot, £203 17s. 6d. per ton; three months. £203 2s. 6d. Bar Silver.—3s3d. per oz. standard.