1 COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3160, 11 August 1917, Page 10

COMMERCIAL ITEMS

I INVESTMENT SHAKES. lA u'°^ f 1 Bi i" , J.,? f , New z «Hand shares niui s - ™° at f l l 4s - was "Ported yesterday. Tho quotations were us follow:— Buyers. Sellers. v „,. , „ , £s. d. £s. d. National Bank — 5 10 6 Dank N.Z. (old) - 1217 9 N.Z ; Loan and Her. (ord.) — 83 10 0 National Insurance — 219 0 S.B. Insurance — 6 10 Standard Insurance 2 0 0 — Meat Export (£5) — 6 5 0 Auckland Trams 119 — ■ Huddart-Parlicr (ord.) ... — 113 9 • N.Z. Shipping (pref.) 10 10 0 — Union Steam (pref.) 112 — Well. Woollen (ord.) 6 15 0 7 0 0 Westport Coal ;... — 111 6 Wcstport-Stockton (pref.) — 012 3 Leyland-O'Brion 16 6 — Customs duties collected at the Port of Wellington yesterday amounted to £2806 2s. !d. I BANK OF ENGLAND KETDKN. fficc. AugUßt 10, 6.30 p.m.) London, August 9. Tho Bank of England return issued for the week ended Wednesday, August 8, is as under:— Issue Department. Note Issue £69,238,000 Gov. debt... £11,016,000 Other securities 7,434,000 Gold 60,600.000 £69.258.003 , £69.253.000 Banking Department. Proprietors' Gov. socuricapital £14,553,000 ties £66,559,000 Public de- Olhorsecuriposits ... 47,465,000 ties 107,048,000 Other deposits ... 130.4-21.000 Notes 28,692.000 Best, 7-day and other bills .:. Jj,5«.000 Coin 2.586.000 £105.085,000 ■ £195,955,000 The leading items of the Bank of England return afl'ord the following comparison :— This week Last week Lastyear Bullion 50.509.000 49.545.000 64.576.000 Reserve ... 31.478.000 30.430.000 38.831.000 Koto Circulation 40,866.000 40.276.000 36.147.0U0 Public Deposits 47.465.000 44.712,000 64,625.000 Other Deposits 130,424,000 128.744.000 83,91)0,000 Proportion of reserves to liabilities 17.69 17.33 27.05 GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:— 1

MONEY MARKET. The Bank of England discount rate was on January 2, 1914, reduced from 5 to 4S per cent., on January 22 it was reduced to 4 per cent., and on' January 28 3 nor cent. On July 30 the rate was raised to 4 per cent., and on July 31 it was ralßed tc 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 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 5 per cent. OPEN MARKET HATES. The open market discount rate for threo months' bills at 43 ner cent., as compared with 4} per cent, last week and 58 per ccmi last year. , Short loans aro quoted at 45 per cent, as against 4} per cent, last week and 4J per cent, last year. ■ COLONIAL AND OTHER PRODUCE. LONDON, August 9. Butter.—Firm, at maximum prices. Wheat.—None offering. Flour—Trading remains of a hand-to-mouth nature owing to the prospect of officially reduced prices.' Australian patents are nominally 81s. Oats—Quiet, tending downward. Peas and Beans.—Quiet, unchanged. v Sugar—Unchanged. THE METAL MARKET. Tin.-Spol, £247 2s. 6d. per ton; three months, £243 17s. 6d. Ear Silver.—42 l-16d. per oz. standard. Other metals are unchanged. AUSTRALIAN PRODUCE MARKET. By Telegraph-Press A6sociation-Copyright Melbourne, August 10. Barley—Chevalier malting, 4s. 6d. to 4s. 7Jd. per bushel; Cape, 3b. Id. to 3s. 2d. Oats.—Algerian, milling, 2s. 6d. to 2s. 6Jd.; feed, 2s. 3d. to 2s. 3Jd. Potatoes, £4 ss. to £6 per ton. Onions, £10 per ton.

Stock Z his . „fast Week Week 2i% Imperial Consols f. »• d , f. , s - <\ ;:K.l™jan-Jul, 'gsji's 1 ?! 3j „ N.S.W. Early Curr. 21 *2 2 2! X 2, ° 3 „ N.S.W.1925Apl,Oct ?? 2 S ?J 2 2 4 „ Vic. 1920 Jan.-July " ° 2 ™ § ° .3i„ Vic. 1921-6 Jan.-July 25 % 2 2? 2 2 34 „ Vic. 1920-1949 n o n ?i s n 3 „ Vic. 1929-49 Jan.-Jly L l 2 2 U 2 2 3J..S.A. 1916 Jan.-July " J J ,, J J Ju j'& s S S S^8 i "Sl d ,Sf Ja °-- J1 > 62 0 (I 62 5 0 3 .. N-Z. 1920 Apnl-Oct. 64 0 0 64 0 0 31..W.A. 1915-35 My-Nv 74 0 0 74 5 0 3 „\V\A. 1915-35My-Nor 69 0 0 69 0 0 31 „ Tas. 1920 Jan-July 72 0 0 72 10 0 3 „ 1'as 1920-40 Jan.-Julj 65 0 0 65 5 0 *ex-dividend.