COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3053, 14 April 1917, Page 12

COMMERCIAL ITEMS

INVESTMENT SHAKES.. Yesterday's quotations for inrestment ■hares were as follow:—. Buyers. Sellers. £ s. d. £. s. d. (National Bonk 5 3 0 — Bank N.Z. (£3 6b. Bd.) ... 1112 6 - Bank N.Z. (£6 13s. -Id.} 17 6 0 — Union Bank 5210 0 - Well. Invest. T. and A. 0 11 0 - Well. Trust, Loan, Ltd. 6 18 0 - Well. Gas (£10) - 14 5 0 Ohch. Gas (£5) 6 2 0 ■ — Union Steam (ord.) 2 5 0 2 5 6 Union Steam (prof.) ... 1 0 10 . — Huddart-Parker (ord.) ... 1 5 0 15 6 Westport Coal 17 0 17 9 Westport-Stockton (pref.) — 011 6 liey.land-O'Birien 15 3 16 6 Golden Bay Cement 10 0 — Sharland (ord.) 1 7 0 18 6 Sharland (pref.) 17 0 186 INVESTMENT AND MORTGAGE CO. The annual report' of the New Zealand Investment, Mortgage, and Deposit Com-. pany. Ltd., states:—"The net profit on the year's business i 3 £1878 3s. 6d., to which must be added the sum of SA Ms. 10d.

brought forward from last year, making a total of £1882 Ms. 4d. An interim dividend of 3 per cent., amounting to £739 6s. 10d., was declared and paid for the half-year ended September -JQ, 1916, leaving £1083 12s. 6d. to bo dealt with. The directors recommend the payment of a further dividend of 3 per cent, (making 6 per cent, for the year), whioh will absorb £810 17s. Ud.; that £160 bo carried to the reserve fund; and that the balance of £122 14s. Vd. be carried forward. Messrs. A. S. Biss and G. FitzGerald are the directors who retire from the board in accordance with the articles of association, and, being eligible, offer themselves for r«-election. The auditors, Messrs. Henry Kember and Son, offer themselves for re-election."

BANK OP ENGLAND RETURN. London, April 12, The Bank of Enelaud return issued for the week ended Wednesday, April 11, ia as under: — Ibsbf. Depabtmext. Note Issue £71.301.000 Gov. debt... £11,015,000 Other securities 7.434,000 ' Gold 5-2.855,000 £71.304,000 • 471,301,000 Basking Department. Proprietors' Gov. securicapital ■ £14,653,000 ties £37,506,000 Public de- OtbersecuriDOBits ... 19,392,000 ties 123,6-24,000 Other deposits ...128,863.000 Motes 32,673.000 Beat, 7-day and other bills ... 3,162.000 Coin 8.071.000 £105,670,000 ' £195,970,000 The leading items of the Bank of England return afford the following comparison:— This week Last week Lastyear £ £ £ Bullion D 2.555.000 62,640.000 56.846,000 Reserve ' ... 84,750.000 31.240.000 12.714,000 Note Circulation 38.631,000 36,901.000 33,653,00) 'Public Deposits <9.3ft>,00fl 50.121.000 58.603.000 Other Deposit!) ]21j,e5;j,000 128,968.000 • 79.561.000 Proportion of reserves to liabilities 19.49 19.1-3 -58.70 GOVERNMENT SECURITIES. : The following are the latest quotations for Consols and Colonial Government Securities iu comparison with those ruling last week:—

MONET MARKET. The Bank of England discount rate was on January 2, 1914, reduced from 5 to 4j 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 raised to 4 per cent., and on July 31 it was ralseu to 5 per cent., and on August 1 It was iurther advanced to 10 per cent. On August 6 the rato was'reduced to 6 per cent., on AugUßt 7 it was further reduced to 5 per cent., on July 13. 1916, it was raisod to 6 per cent., on January 12, 1917, it was reduced to 5J per cent., and on April 5 it was further reduced to 5 per cent. OPEN MARKET RATES. The open market discount rate for tares months' bills is 45 per cent., as compared with 41 per cent, last week, and 4 9-16 per cent, last year. Short loans are quoted at 4J- per cent., as against 4 3-8 per cent, last week (ind 4 per cent, last year. THE NEW LOAN. The new loan closes on April 17. Tho issue will consist of bearer' debentures of £10 upwards, convertible into registered stock before the end of June.

COLONIAL AND OTHER PRODUCE. ■\7heat.7-Prices "nominally firm. i Flour.—Prices fully maintained. Australian is so'arce; '70s. is' auoted for lots, ex granary. Oats, beans, and peas continue to advance. No colonial lots are offering. METAL MARKET. Copper.—Spot, £136 55.; three months, £135 155.; electrolytic, £149. Tin.—Spot, £216 12s. 6d.; three months, £216 17s. 6d. Lead.—Spot, £30 10s.; three months, £29 10s. , Spelter.—Spot, £55; three months, £52.-

c,..,., I This Last • St0<A ' , Week Week

. 2i% Imperial Consols f. 6 n d ; « *; % K Wnr Trfinn 00 i « 00 J t> 4j „ war iioan 95 o o 85 o 0 it „ War Loan it ■,„ }i en a n 3J„N.!j.W.195O-501tr.-Sp Si J £ K S J 3 „ N.S.W. 1925 Apl.-Oct Ba , n n fia , 6 4 „Vio.l920Jan.-July ||i? 9 S ,1 S 3J'„ Vie. 1921-6 Jan,July J £ 0 J -n 631" 0 6"0 0 JaJ K ly 61:10 0 61 5 » 3J„S.A.1916Jan.-July 71 0 0 71 0 0 3 „ S.A. 1916 Oaii.-July 6 S 13 6' 66 13 6 4 „Q'l'd 1915-24 Jan.-Jly £0 0 ol 89 7 6 3i „ QTdl922-47.Jan.-Jly E u 7 6 86 7 6 3 „QTd 1922-47 Jnn.-Jlj 61 5 0 61 5 0 4 „N.Z.1929Mny-Nov. E3I5 0 83 6 0 3i„N.Z. 1912-40 Jan.-Jly 7117 6 71 5 0 3 „ $,.'&. 1920 April-Oct. 63 15 0 62 15 0 3i „ W.A. 1915-J5 Jly-Nv 73 5 0 78 6 0 3 „' W. A. 191545 My-Not 67 15 0 68 0 0 ' 31„Ta3.1920 J an-July 73 0 0 71 5 0 3 ,. TaB 1920-40 Jau.-J lib MOO 6<110 0