COMMERCIAL ITEMS

Dominion, Volume 11, Issue 4, 29 September 1917, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAKES, A Bale of Waipa- Colliery shares at 18s. 3d. was • reported on 'Change yesterday. The quotations were as follow:— \ Buyers. ; Sellerfl. £ s. d. £-s. d. Bank N.Z. (old) 12 26' 12 7 6 N.Z. and River Piate ... 1-16 0 - - ; Well', Investment — 0 11 6 Well. Trust and Loan ... 6 10 0 — Auckland Gas (paid) ... - .1.7 9 Auckland Gas (cont.) . — 110 Well. Gas (pref.) - . 0 19 ? National Insurance 3 2 6 — * Union Steam (pref.) ... 1 1 3 — Well. Woollen (ord.) ..,■-. 615 0 Taupiri Coal 0 IS 0 — Westport Coal 18 9 1 811 Wcstport-Stookton \ — .086 Waipa (lolliery ............ 0 18'0 — D.1.0. (pref.) ■ — 10 6 N.Z. Paper Mills 018 6 019 0 Customs duty collected at the port of Wellington yesterday amounted to £4572 lis. Id. ■ BANK OF ENGLAND RETURN. By Telegraph—Press Association—Copyright i (Rec. September 28, 7.15 p.m.) London, September 27. The Bank of England return issued for the week ended Wednesday, September iB as under:— Issue Depjutment. Note Issue £71,172,000 Gov. debt... £11,015,000 • Other securities ... ... 7.434,000 ■ Gold 62,723.000 i 71.172.000 £71.172,000 Banking Depamment. Proprietors' Gov.securicapltal . £14,663,000 lies £68,189.000 Public de-\ OtborßCcuri- . posits ... 44,285.000 ties 93,504.000 Other de- - posits ...121,703,000 Notes 29.500.000 7-day and other bills ... 3,607.000 Coin ... ... 2.775.000 £184,148,000 £184,148.000 The leading items of the Bank of England return afford the following comparison:— This week Last week last year Bullion .' 52,723.000 53.325.000 5U49.000 Eoserve ... 32.365,000 32.605.000 35.467,000 Note Circulation 41.582.000 36.536.000 Public Deposits 41.286,000 40,765,000 63.372.000 Other Deposits 121,703,000 126,236,000 101,483,000 Proportion of reserves to •, liabilities 19.50 I , 19.23 GOVERNMENT SECURITIES. - The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:— ''

MONEY MARKET. The Bank of Entcland discount rate was on January 2, 1914, reduced from 6 to 41 per cent., on January 22 it was reduced to 4 per,cent., and on January 28 3 per cent. On July 30 the rate was raised to 4 per cent.,' and on July 31 it waß raised to 8 per cent., and.on Aueust 1 it waß further advanced to 10 per cont. On August 6 the rate waß reduoed to 6 per cent., on August 7 it waß 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 61 per cent., and on Anril 5 it was further reduced to * per cent. OPEN MARKET KATES. The open market discount rate for thrco months' bills at 43 -per cent, as compared ■with 4 13-16 per cent, .last week, and 6 9-16 pel- cent, last year. Short loans are quoted at 45 per cent., as against 41 per cont. last week and 5 per cent, last year. COLONIAL AND OTHER PRODUCE. Butter— Scarqity continues; 3505. is asked for Danish, of which small shipments are arriving. Wheat.-Quiet. Hour.—Fair demand, inarket/steady. Oats—lnactive, prices unchanged. Peas and Beans—Firm,'market quiet. Sugar.—Unchanged. THE METAL MARKETS. Tin—Spot. £245 17s. 6d.; threo months, £242 17s. 6d. Bar Silver.—sl*d. per oz. standard.

Stock •" J, his . MOCK Week Week i^'wifT^ 116018 - • 54 12 '6 55 0% n " 04 6 0 04 7 6 4 N.S.W.1933 Jan-July |j *= S m in 0 31 „ N.S.W.1930-50 Mr.-Sp S 2 2 £ *S 2 31 „ M.S.W; Early Ourr. ?o 7 6 70 7 6 -3 „ N.S.W. 1925 Apl.-Oot eg „ S , 4. „ Vic. 1920-Jan.-July 05 2 | S5 a | 3i„ Vic. 1921-6 Jan..July 89 12 6 85 17 6 11" Jcn.-Jly 63 15 0 63 15 0 31„o.A.1916Jan.-July 72 5 o 72 7 B i"X .i 1 SJ ail ',', ly 00 15 0 80 15 0 31 „ Q1 dl922-47 Jan.-Jly 87 10 0 8T 15 0 3 „ Q'l'd 1922-47 Jan.-Jlj 62 0 0 69 2 6 4 „ N.Z. 1929 llay-Nov. 86 a 6 66 17 6 ' 31 „ N.Z. 1912-40 Jan.-Jly 73 2 6 73 5 0 3 „ N.Z. 1920 April-Oot. 63 17 6 63 2 6 31 „W.A. 1915-35 ily-Ny 74 7 6 74 7 6 3 „WA. 1915-55 My-Nov 69 5 0 69 5 0 31 „ Ta.s. 1920 Jan-July 72 2 6 72 10 0 3 „ Tas 1920-40 Jail.-JulJ 65 0 0 65 0 0