COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3137, 16 July 1917, Page 8

COMMERCIAL ITEMS

INVESTMENT SKABEfI. Saturday's quotations for investment snares wero as follow:— * . Buyers. Sellers. > £ s. <1. £ a. <1. Hank X.Z. (old) IS 5 0 — Bank N.Z. (now) 17 -SO - Rational Jlortjago 3 16 6 — Jf.Z. and It. Plato — 117 0 Chris tchurch Gas (£5) .. 6 7 0 — Gisbbrne Gas — 018 0 Well. Gas (£10) 13 15 0 14 10 0 Well. Gas (prof.) — 0 19 0 National Insuranco 216 0 — N.Z. Insuranco '. 8 6 0 — 8.8. Insurance .: 6 3 I) 6 5 0 Standard Insurance 2 0 6 — Meat Export (£5) i.... — 6 6 0 Union Stcam,.(ord.) — 3 0 0 Union Steam'(prcf.) 110 — Kainpoi Woollen (0rd.)... 617 6 — Well. Woollen (ord.) 6 6 0 6 lU 0 Westport Coal 1 11 ,6 — Waipa Colliery 0 18 5 — Leyland-O'Drien 1 6 o j— Golden Bay Cement — 1' 1 3 Ward and Co 5 13 0 5 15 0 TALLOW. The Hew Kealaiul Farmers' Co-operative Distributiiiß Co. raport that a periodical auction of tallow and sundries took place on Friday. Tallow, in casks, realised: up to 365. per ewt. AVo oifejod a particularly Eood line of tin tallow, which fetched tho record price of 355. per ewt. Horsehair, goatskins, etc., reolised satisfactory prices. BANK OF ENGLAND RETUfitf. London, July 12. Tho Bank of England return issued for the n-eelc ended-Weduesday, July 11, is as under:— Issek Department. Note Issuo. £00,213,000 Gov. ( debt... i 11,015,000 Othor fiecuvitios 7,434,000 Gold 50.76J.C00 , i69.ai3.000 £69.213,000 Basking Depabtment. Proprietors' Gov. securi- ' capital £11,553.000 tlos £15,166,000 Public de- ' Other securi- ' posits ... 43,088,000 ties 103,600,000 Other deposits ... 126,103,000 Notes 29,283,000 Kest, 7-day and other bills - 3,074.000 Coin 2.660.000 £166,016,000 i1E6.010.00a The leading items of th« Bank of England return afford the following comparison:— ' . ■ This week Last week Lastyoar Bullion ... ... 50,764.000 52,604,000 57.306.000 Resorvo ... 31.851000 33.400,000 41,{69,000 Koto Circulation 38.93f1.000 40.204,000 83,080.000 Public Deposits 42.088,000 41.673.GC0 54.020.000 Other Deposits 126,103,000 130,579,000 02,300,000 Proportion ot ' reserves to liabilities 18.03 18.44 25.30 GOVERNMENT SECURITIES. The following aro tho latest quotations for Consols and Colonial Government Securities in coinpaffson with, those Tuling last week:—

HONEY IUHKET. ; j'i The Bank or Engle.nd discount, rate r/sft on January 2, 1914. reduced from 5 to ij per cent., on January 22 it was reriuci'l to 4 per cent., and on January 28 3 "pip cent. On July 30 the rat© was raised to-'4 per cent., and on July 31 it was raised 8 per cent.,- and on August 1 it wag f father advanced to 10 per cent. On Aiicjwt 6 th© rate Tras reduced to 6 per cent.. <)n August 7 it was further redaoed to 5 jir eent.. on July 13. 1916. it "was raised tj per cent., on January 12, 1917, it wagiroduccd to 5J per cent., and on April i'it was further redocod to 6 per cent. OPEN ILARKET KATES. The open market discount rate for f/ljroe months' bill is 4-2 per cent., as compared with 4§ per «>nt. lost week. Short loans are quoted at 4* per <put., as against 43 per cont. last week. '' On the corresponding dato of lasfj year thrco months' bills and short loam; -wfy-o unquotable owine to tho dlgorffanisc<l!stato of tho money market. COLONIAL AND OTHEIt pioDT/M. Butter.—Continues \cry firm; unclvanged. Flour.—Very quiet. Australian, unchanged. Barley—.Dull; unchanged. Oatb'.->Stoadior. No Australian uflcriug. Peas and Beans.—lnactivo; unchanged. Buff«r.—Unaltered. Hides.—Quiet; steady. No ' Australian offering:; nominally unchanged. Leathcr.-Stocfcs cleared; unclumced. Basils.—Nono available; .nominally unchanged. *

iCnpt , Tll ' s 1 ® 9t stock Week Week 2i% Imperial Consols f 5 £. 6 - <*• -l " X ar r^ oaI ' - Ei 10 0 94 JO 0 oi ,, ai' Loajl fi7 lu 0 ft7 in n 4 N.S.W.19J3Jan-July »' 3$ „ N.S.W.1930-50 MrySp . ou in o us 10 0 3J..K.MT. Early Ourr. g ™ x ° ° 3 „ N.S.W. 1925 Apl.-Oct ! 4 „ Vic. 1920 Jan.-July I* g „ 0 o 3J„7io. 1921-6 Jon.-July £ fl g S! 31Vic. 1920-1949 '71 0 0 ?I o 0 63 0 0 6J ° S 31 „9.A. 1916Jan.-July 1 W o 0 7fl o 0 3 „ 8.A. 1916 Jaji.-July A7 o 0 57 n n 4 „ QTd 1915-24 Jan.-Jly po 0 0 DO 0 o 3J „ QTdl922-47 Jan.-Jly 86 o U sg 10 0 3 „ QTd 1922-47 Jan.-Jlj «2 0 0 6-2 0 0 4 „ N.Z.1929May-Nov, 85 0 0 &i o" o i 3J „ N.Z. 1912-40 Jail.-Jly 73 0 0' 73 o 0 ' 3 „ N-Z.1920 April-Oct. 61 0 0 64 0 0 • 5i „ W.A. 1515-35 My-Nr 74 0 0 74 0 0 3 ,, W.A. 1915-35My-KoT 69 0 0 CO 0 0 li 3i „ Ta-s. 19Z0 Jan-July 72 0 0 72. 0 0 f J 3 „ Tas 1920-40 Jan.-Julj 65 0 0 65 0 0 j!