COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3154, 4 August 1917, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's quotations for investment shares were as follow:— Buyers. Sellers. £ s. d. £ s. d. National' Bank 5 9 0 5 12 0 Bank N.Z. (new) 17 10 0 - N.Z. and River Plate ... 116 6 • — Well. Gas (pref.) - 10 0 National Insurance ......... — 3 0 6 Auckland Trams 119 — Huddart-l'arker (ord.) .. 113 3 - Union Steam (pref.) - 116 Woll. Woollen (ord.) ....... 6 10 0 - Well. Woollen (pref.) ..410 — Wcstport Coal — 111 9 Lnylnnd-o'Brien 16 6 - Ward and Co. - 515 0 COMPANIES REGISTERED. The "Mercantile Gazette" reiiorts registration of the following new companies:— Geo. W. Slade, Ltd.—Private company, Wellington. Capital, £3500, in 3500 shares of £1 each. Subscribers: Wellington—G. W. Slade, 2800, Alice M. Slade, 500; A. W. Parton, 100; J. Burns, 60; F. Chamberlain. 40. Objects:-To carry on the business of printers, etc. Putiki, Ltd.—Private company. Capital, £7500, in 600 shares of £12 10a. each. Subscribers: Wellington—o. Stewart, 100; G. Treadgold, 50; H. G. Didsbnry, 25. Wangar.ui—3. Holm. 50. Dnnedin—R. A. Mathewson, 50; C. E. Napier, 25; H. V. Hankey. 25; K. S. Ramsay, 50. Aoronga—E. L. Riddiford. 50. Feilding-A. H. Atkinson, 25. Silverstreara—O. Scasjer, 50. Objects: To acquire the steamship Putiki and to commission, work, and trade with the vessel.

Customs duties collected at the port of Wellington yesterday amounted to £3333 11s. 9d.

. Different soils and different crops require different -treatment. Whatever the soil may be like, or whatever the nature of the crop, the use of "Eclipse" Fertilisers will result in maximum returns. These noted manures enrich the most /impoverished soil, and produce heavy crops of the finest quality. After more than twenty years' experience in the South Island, farmers are loud in their praiees of "Eclipse" Fertilisers. — Advt.

BANK OF ENGLAND RETURN. (Kcc. August 3, 6,25 p.m.). London, August 2. Tho Bank of England return issued for the week ended Wednesday, August 1, is as under:— Issue Dei'AHtjiext. Note Isbuo £68,291,000 Gov. debt... £11,015,000 Qthor securities 7.134.000 Gold 40,815,000 jtBS.-201.000 £68.201,000 UiNKIKG DEPjInTJIKNT. Proprietors' Gov. securicapital £14.553.000 tieß £50,440,000 Public do- Othci-securi-posits ... 44,712,000 . ties 110,655.000 posits ... 128,74-1,000 Kotos 28,018.000 Rest, 7-day and other bills ... 3,516.000 Coin 2.-11-2.000 £101,525,000 £191,525,000 The leading items of the Bank of England return afford the following comparison:— Thie week Last week Lastyoar £ £ £ Bullion 20.845.000 00,513.000 59.010.000 Beservo ... 30,430.000 81.842,000 36.677.000 Note Circulation 40.276.000 30.731i.000 36,658.000. Public Deposits 44.712,000 46,615,000 61,010.000 Other Deposits 128.741.000 126.840.000 85,517.000 Proportion of reserves to ■ liabilities 17.33 18.35 26.86 GOVERNMENT SECURITIES. Tho following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:—

MONEY MARKET. The Bank of Enstlaud discount rate was on January 2. 1914, reduced from 5 to 45 per cent., on January 22 it was reduces io 4 per ceut., and on January 28 3 per cent. On July 30 the rate was raised to 4 per cent., and on July 31 it was raised tr. 8 per cent., and on August 1 it was further advanced to 10 ner cent. On August 6 the rate- , was reduced to 6 per cent., on August 7 it was further reduced to 5 Der 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 5 per cent. OPEN MAItKET KATES. The open market diecount rate for three months' bill is 43 per cent., as compared with 45 i>cr cent, last week and 5S »er ceil last year. • . v Short loans aro quoted at 4} per cent, as against 4$ per cent, last week and b per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat.—Quiet, prices unchanged. Flour.—Trade is practically at a standstill, with only hand-to-mouth business. Oats.—Quiet. New .Zealand Cartons aro nominal at 635. to 663. Peas.—Slow of sale. Sugar.—Unchanged. Butter.—All classes very scarce. New Zealand supplies have been cleared at the maxima; Danisli is nominal.' Cheese.—The Board of Trade is releasing for August all supplies for which the trade has applied, consisting o£ Canadian, Australian, and Now Zealand. THE METAL MARKETS. Tin.—Spot. £247 2s. 6d. per ton; three months, £243 15s. Bar Silver.—4o§d. per oz. standard.

g(ocl( This Last bl0Clt Week Week. 2}?i Imporial Consols 1h % f, .*■ d 0 'I 1 ? 8 S 1 ? 6 31,,N.S.W.1930-50Mr.-Sp m, n m in n 3J „ N.S.W. Early Ourr" Si 1 % l J? S 4 ,,Vic.l9»Jan.-July & I ° 0 A? g S 3J,,Yio. 1921-6 Jan.-July £ ; 3i,. Vic. 1920-1949 g^ 3 „ Vic. 1929-49 Jan.-Jly & 0 0 63 0 0 31 ,,S.A.lsl6Jan.-July vn 0 a 72 10 0 3 ,,b.A. 1916 Jau.-July 57 in n 67 2 G 4 ,.QTd 1915-24 Jan.-Jly So 2 6 MOO 3j „ QTdl922-47 Jan.-Jly t>7 0 0 87 2 6 3 ,,QTd 1922-47 Jan.-Jlj 62 5 0 6-2 7 6 4 ,,N.Z.1929JIoy-NoT. 80 S 0 86 6 0 3i,,N.Z. 1912-40 Jan.-Jly 73 10 0 73 10 0 3 „ N.Z. 1920 April-Oct. 61 0 0 64 0 0 31 „ VfA. 1515-35 My-Nv 71 5 0 74 fi 0 3 „ W.&. 1915-35 Hy-Xov 69 0 0 69 0 0 3i „ Tas. 1920 Jan-July H 10 0 72 5 0 3 „ Tas 1920-40 Jan.-Julj 65 5 0 65 0 0 *ex-dividend.