COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3082, 12 May 1917, Page 12

COMMERCIAL ITEMS

INVESTMENT SKARBS. Yesterday's quotations for investment 6hares were as follow. Bayers. SeUan £ a. d. £ 8. d. National Bank 5 5 6 5 8 n ? an r $'5- W - 37 c 0 38 0 0 Bank N.Z. (£3 6s. Bd.) . 12 2 6 —

Met. Permanent — U 7 6 JJ.- Z - and 8.. Plato - , 118 6 Well. Trust, Loan, Ltd. 7 0 0 7 2 6 Well. Dep. and Mort. ... - 07 9 S. British Insurance ... 5 14 0 — Union Steam (ord.) 2 6 6 — Union Steam (prof.) .... — 113 HuddarWarker (ord.) ... 1 8 9 1 9 J Westport Ooal 18 0 19 0 WcstportrStookton (pref.) 0 11 0 —, Ward and Co. 5 15 0 —' "N.Z. Con. Dental 13 6 »- •C.d. Customs duties collected at the port of Wellington yesterday amounted to £3061" 10s. <d. TALLOW SALES. The New Zealand Farmers' 00-operative Distributins: Co., Ltd., report that at the auction for tallow held yesterday there •was a spirited domand, and -very full prices -were made. Tallow, in casks, 325. to 34«. 6d. per cwt.; tallow, in drums, 30s. to 325. per owt.; tallow, in tins, 28s. to 325. 6d. per cwt. Hides and calfskins rejected by the Government -were also offered; the domand for thesa was, however, somewhat restricted on account of , uncertainty as to dato of shipment. Messrs. Levin and Co. held a sale yesterday of tallow, foatskins, rejected hides and such commodities an the Government have not commandeered. They auote:— Tallow: In casks, 30s. to 345. 6d\; in tins, ete., 255. to 345. 3d.; sroatakins, 2s. to 35.; rough and rejected hides, 4d. to 9d.; horse hides, 7s. to 14s. COPRA.

Anslralian-Nev fcoalanii Cabin Association. London, May 10. T!ie Jrinistry of Jfunitions has fixed the maximum pries of copra, at £46, cr ware-house—Aub.-N.Z. Oablo Assn. JUxNIC 01? EiVULAND RETURN. (Ecc, May 11, 6.30 .p.m.) „ „ , Uornfon, iray 10. The .Bank of England return issued for the iveett ended Weduesdav, May 1, is as under :— IBBCK DErA3TJtEST. Vote Isßua £71.!K6,CiC0 Gov. debt... fll.oic.OCO Other securities 7.W4.000 Gold 5-2.777.0iW ±'71.226.000 i 71.326.000 Banking Department. rrourietora' Gov. seeuriCKiitiU £U,553,0C0 tiea £43.049,000 I Pnniicce- Other aocuri-

JKHiio - 54,173,000 ties 111,460,000 Other deposits ... H5.a76,C00 Notes 85,50-->COO m-st.V-fiav i'.E« oilier Mils ... 3,178.000 Coin 3.243.C00 ■£191,274,000 £101,27^000 The loading items of the Bank of England return afford the following comparison:— . * I This week Last week Lastyear R . i! £ "Bullion 52.777,000 52,696.000 59.181.000 S e < m Z? . ~- 3< - 74 5.000 34.076.000 43,367.000 isoto Circulation 38.724.000 58.850.000 54,4°6 000 rubiiclleposits 54,173,000 47,226,000 54.534.000 Other Deposits 119,376,000 128.659.000 83,443.000 rroportiou of reserves to liabilities 20.01 19.69 31,37 . GOVERNMENT SECURITIES, " The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:—

MONEY KAKKET. The Bank of England discount rate was on January 2, 1914. reduced from 6 to 41 per cent., on January 22 it was reduced to 4 per cont., and on January 23 3 nm cent. On July 30 the rate was raised to 4 per cont., and on July 31 It was ralsea to 8 per cent., and on August 1 It was further adranced to II) per cent. On August 6 tua rate was rsduoed to 6 1 per cent., on AugUßt 7 it was furthor reduced to 6 ner cent., on July 13. 1916. it was raised to 6 per cent., on January 12, 1917, it was reduced to 5} per cent., and on April 5 it was further reduced to 6 per cent. OPEN JLUtEET KATES. The open market discount rate for three months' bill Is 4J per cent., as compared with 43 per cent, last week, and 4 9-16 per cent, last year. Short loans aro quoted at 4 3-8 per cent., as against 43-« per cent, last, week and 41 per cent, last year. ] [ ' OOLONIAJi AND OTHER PRODUCE. ( | Wool.—At Bradford, owing to the fyov- ■< eminent taking control, there is no mar- ', ket except for a few transactions in noils. Gutter.—Quiet; prices firm. Banish about 2085.: Australian, in small supply ' prices unchanged, unsalted occasionally J being quoted at 1965.; New Zealand, ohoic- ] est, 2065. to 268 a .; the latest arched Aus- l traliau shipment is. being discharged at Southampton, from where it is being dis- ■ tributed in the London provinces. Deliv- 1 ery is somewhat slow. i Sugar.—Unchanged. , Wheat—Unchanged. , Flour.—Firm. Little ofl'erlng. Oats-Small supply of New Zealand Gar- 1 tons quoted nominally at 675. and 68s ' lieans.-Quiet. Peas.-Pirm. Small supplies. New ZcaIs.ud Maples in good demand at 115s. and METAL MARKETS. Copper.-Spot, £139 ss. per ton; three 6 months', £129 155.; electrolytic, £140 i Tin-Spot, £240' 7s. Od. per ton- ' three I months, £240 12s. 6d. The rise is due to the abnormal demand, and the shortage of Malayan supplies. Lead.-Spot, £30 10s. per ton: three months', £29 10s. ' e j -Spelter .-Spot, £54 per ton; three months, , iM). ' } Bar Silver.-372d. per oz. standard. (

1 ' " " ' '■ 2J7b Imperial Consols f. ?■ d - £ s . <•. .6 „ War Loan £ in 0 -55 3 0 4J„ War Loan S ' J »j ' 6 • 3 4 „ War Loan §5 0 0 »5 0 0 4 „N.S.W.1S33 Jan-July £ 2 ? 21 2 2 3j „ K.8.W. Early Curr. "2* « f 6 3 ,. N.8.W.1925 ApL-Oot iS J 2 2 ™ 2, " 4 „ Vic. 1920 Jan.-July 1°. 2, J »J J 3i„Yw.lS21-6Jan..July 2? ° 2, 3i„Yic.l92M949 ~ ' « f„ ' £ 3,. Vic. 1929-45 Jan.-Jly SMS" ji b 31..S.A. 1916 Jan.-July 2? * * J» }? * 3 „S.A. 1916 Jan.-July S J2 2 'J J5 » 4 „QTd 1916-24 Jan.-Jly £ 10 „ 2 51 J? 2 31,,QTdl9MJ.ui..Jly S S2 J| S 3 „QTd 1922-47 Jan.-Jlj S10 0 82 M o H..S.Z. 1912-40 Jan.-Jly „ ~ ,* ° 3 ,.Jaa 1920-40 Jan.-Julj 6j ia 0 M U 0