COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3179, 1 September 1917, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. Prices of investment shares yesterday woro as follow:— Buyera Sellers. £ s. d. X s. d. Dank N.Z. (£6 13s. Id) ... 17 12 6 - Met. Permanent 1110 0 .12 0 0 Loan and Mercantile - ;83 10 0 Well. Trust, Loan, Ltd. ... — 610 0 Christchurch Gas (£5) ... 6 0 0 — N.ii. Insurance 7 9 0 — Euddart-Parker (ord.) ... — 114 0 Well. Woollen (ord.) — 6 15 0 Westport Coal :. — 19 6 Loyland-O'Bricn 16 6 — Ward and Co 5 5 0 — Golden Bay Cement — lit Sale-Bank N.Z. (£6 Us. 4d.), £17 13s. (ro ported). Customs duties collected at tho port of Wellington yesterday' amounted to £1551 ,os. 4d. BANK OP ENGLAND EETURN. (Australian-New Zealand Cable Association.) (Rec. August, 31, 9.30 p.m.) London! August 30. The Bank of England return issued for the week ended Wednesday, August 29, is as under:— Issue Department. Note Issue £70,373.000 Gov. debt... £11,016,000 Other securi- , ties 7.434.000 1 . Gold 61.824.000 £70.273.000 £70,273.000 Banking Department. Proprietors' Gov. securicapital £11.653,000 ; ties £67,899X00 Public de- Other socuriposits ... 46,526.000 ties...' ... 105,408,000 Other deposits ...131,094,000 Notes 29,866,000 Best, 7-day and other bills '-... 3,471.000 Coin 2.551.000 £195,614,000 £195,644,000 The leading items of tho Bank of England return afford the following camparison:— ' This week Last week Last year £ £ £ Bullion 51.524.000 51.633.000 67,466,000 Deserve ... 32.247.000 52.6C9.000 54.558.000 Note Circulation 40,407,000 39.034.000 53,500.006 Public Deposits 46.526.0U0 44.701,000137,036,000 Other Deposits 131,004,000 127,311,000 87.922,000 Proportion of reserves to liabilities 18.21 19.00 24.15 GOVERNMENT SECURITIES. The following aro the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:— ,

MONEY 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 ou January 28 3 per cent. On July 30 the rate waß raised to 4 per cent., and on July 31 it was raised tc 8 per cent., and on Aueust 1 it was further advanced to 10 per cent. On August 6 the rate waß reduced to 6 per cent., on August 7 it was further reduced to 5 ner cent., on July 13, 1915. it was raised to 6 per cent., on January 18, 1917, it was reduced to 5J por cent., and on April 5 it was further reduced to 6 per cent. OPEN MARKET KATES. • The open market discount rate for thret months' bills at 42 per cent., as comparod with 45 per cent, last week and 58 por cent, last, year. ' Short loans aro quoted at 4} por cent, as against 4J per cent, last, week and 45 per cunt, last year.

OOLONIAIj ANp OTHER PRODTJOE. Butter—Business ia at a standstill, ponding the announcement of the Food Controller's prices. Australian and Neiv Zealend are practically exhausted.. Danish, at Manchester, 2BBs. to, 2955. Sugar—Granulated, Ms. $ft. Wheat—Market lifeless; oflTy hand-to-mouth trade; price 3 unchanged. , Oats—Dull. 1 Beans.—Quiet. Peaso.—Searoo, prices firm; New Zealand maples sold at 127 a. 6d. to 130s. c.i.f. THE METAL MARKETS. Tin.—Spot, £244 2s. 6d,; three months, £242 7s. 6d. Bar Silver.—46d. per oz. standard.

Stook Z hl 1 ,5 as ' Woolt Weok 21% Imperial Consols £. "• d A £ S A 4 I'M.ti.W.lM Jan-July S 12 ? £ 12 2 3J„ tf.S.W.1930-50Mr.-Sp S K « or la B v 3 „ N.S.W. 1925 Apl.-Oct ?X ™ g $ 10 0 .,4 .,Vic.l920Jan.-July J 05 10 0 3J„ Vic. 1921-6 Jan.July g jg g g< 10 0 3j„ Vic. 1920-1949 ," J ?1 io O J ° n ,'f y 6215 0 62 15 9 3i„6.A.1916Jan.-July 7a 2 6 72 0 O i „ S.A. 1916 Jau.-July 5710 0 57 10 0 4 „ QTd 1915-24 Jan.Jly 80 5 0 SO 7 6 ii „ Q'l'dl922-47 Jau.-Jly 6710 0 87 0 0 ' 3 „ QTd 1922-47 J«n.-Jlj 62 0 0 62 0 0 4 „N.Z.1929May-Nov. 86 fl 0 8t> 5 0 3J „ N.Z. 1912-40 Jan.Jly 78 7 6 73 7 6 3 „ N.Z. 1920 April-Oct. 64 ' 0 0 64 0 0 3J „ WA. 1515-35 Jly-Nv 74 7 6 74 0 0 3 „ W.A. 1915-35 lly-NoT 69 O 0 69 10 0 ii „ Tas. 1920 Jan-Jiily . 72 5 0 72 15 0 3 „ Tas 1920-40 Jen.-Julj 65 2 6 65 0 0