COMMERCIAL ITEMS

Dominion, Volume 11, Issue 34, 3 November 1917, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. "Yestorday'i quotations for investment shareß were as follow:— Buyers. Sellers.. £ s. d, £ s. d. National Bank — 6 9 0 Bank N.Z. (new) - . 1712 0 National Mortgage 3 17 0 — N.Z. and River Plate ... 116 0 - Well. Trust and Loan ... 6 16 0 — N.Z. Refrigerating (£4)... — 8 0 0 Well. Woollen (pref.) - 4 2 0 Westport Goal 18 9 19 6 Westport-Stockton (pref.) — 0 1110 Waipa Colliery - 018 3 Colonial Sugar (Aus.) ... 23 .2 6 — Golden Bay Cement — 019 0 Ward and Co — 6 15 0

Customs duty collected at the port of Wellington yesterday amounted to £3169 16s. Bd.

AUSTRALIAN PRODUCE MARKET. By Telegraph-Press Association-Copyright

Melbourne, November 2. Barley, Chevalier, malting, 4s. 6d. io 4s. 7Jd.; Cape, 3s, 3d. to 3b. 4d. Oats, milling, 2s. 9d. to 2s. 10Jd. ; feed, 2s. 71d. to 2s. t\4. Potatoes, £5 to £5 15s. Onions, £12 to £20.

BANK OF ENGLAND RETURN. By Telegraph—Press Association-Copyright • (Reo. November 2, 7.10 p.m.) London, NovgULfc 1. The Bank of England return issued for the - week ended Wednesday, October 31, ms as under:— Issue Depaotiiknt. Note Issue £72,435,000 Gov. debt... £11,016,000 Other securities 7.431.000 Gold 68,086,000 £72,435.000 i 72.435.000 Banking Department. Proprietors' Gov.securicapltol ...£14.653,000 ties ... £50,044,000 Public de- Other securlposits ... 43,844,000 ties 92,813,000 Other deposits ...122,366,000 Notes 30,034,000 ROBt, 7-da.y and other bills ... 3,168.000 Coin 2.040.000 £183,931,000 £163,931.000 The leading items of the Bank of England return afford the following comparison:— . ' '

This week La6t week Last year £ £ / £ Bullion 53.855.000 54.i26.000 Reserve ... 3'2,074.000 32.370.000 37.695.000 Note Circulation 42,401.000 41.610.000 37.324.000 Public Deposits 43,844.000 40,055.000 51.107,000 Other Deposit's 122,365.000 124,241,000 116,622.000 Proportion ot reserves to liabilities 19.30 19.70 -22.41 GOVERNMENT SECURITIES. ■ Tho following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:— Stock J! n,g JJ*"' btocl£ • Week Week .: 25% Imperial Consols . £ s n ' % ' f. B ; fl--5 ~ War Loau >,™ ° " £6 6 0 31 ...War Loan K 1 " ° R f. ° " 4 „ N.5.W.1933 Jan-July J °g ™ ° 31„iN.5.W.1930-50Mr.-Sp £ I \ ™ * * 3J..N.5.W. Early Curr. SS, 1 ° ™ * 6 n I „K.5.W.1925Ap1.-Oct Si? S ll}l ° 4 „Vio.l92oJau.-July §57 2 S? J f 2 ii „ Vic. 1921-6 Jan-July jj Jg « ° ;31 „ Vic. 1920-1949 .9 S SJ" 5 ■5..Vic.19m9Ja„,,1 y SiS-S mo 4 ~QTdl9l6-Z4Jan;-Jly $10 0 90 « fi 3 „Q1 d 1922-i|7 Jan.-Jlj 62 5 0 62 in n '•■ i"?-? 1^S'?- Ko ?; Sil * ° «» ° 31 „,N.Z. 1912-40 Jan.-Jly 73 5 n n 1 > 3 „N.Z.l92oApril-Oct. 63 5 0 63 0 0 31 „W.A. 1915-35 My-Nv 73 5 0 73 5 0 3 „ W.A. 1915-35 lly-Nov 68 0 0 68 2 6 31 „ Tas. 1920 Jan-July 72 2 6 73 3 6 1 „ Taß 1920-40 Jan.-Julj 65 OVO0 V 0 65 00 •Without interest.

MONEY MARKET. The Bank of England discount rate was on January 2. 1914. reduced from 5 to 4) Dor cent., on January 22 it was reduced to 4 per cent., and on January 28 J per cent. On July 30 tne rate was raiaed t6 4 per cent., and on July 31 it was raised tc 8 per cent., and on August 1 it was further advanced to 10 nor cont. On August 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to 5 nor cent., on July IS. 1916, it was raised to b per cent., on January 12, 1917, it was roduced to 5J per cent., and- on Aorll 5 it was further reduced to 5 per cent. OPEN MARKET BATES. The open market discount rate for three months' bills is 43 per cent., as compared with 43 per cent; last week, ano 5 9-16 per cent, last year. Short loans are quoted at 41 per cent., as against 41 per cent, laiit week aud 5 per cent, last year. COLONIAL AND OTHER PRODUCE. Butler.—Very scarce. Now Zealand clear* cd. The negotiations for the purchase of the New Zealand output are still incomplete. Cheese.—lt" is understood tho Government has agreed to pay 9M. per lb. for New Zealand output of cheese, 9d. for Australia's first grade, and BJd- for second grade. Wheat.—Small sales of Australian have been made, ex quay, at 81b. 6d. to 82s. 3d. per quarter. Flour.—Brisk demand. The Government is releasing fair of Canadian and American. No Australian offering. Oats.-Quict; firm. Bcans:-Good demand; firm. Peas—Hardening. Apples.—New Zealand, 130s, to 140s. Sugar.—Unchanged. Tallow.—Small quantities afloat sold at 71s. 3d. to 71s. 9d. per cwt. c.i.f. Stocks, 4243 tons; imports, 688 tons; delivories, 2034 tons. Till! METAL MARKETS. Copper-Spot, £110 ss. per ton; three months. £110 55.; electrolytic, £123. Tin—Spot, £250 12s. 6d. per ton; threo months, £250 17s. 6d. Lead.-Spot, £30 10s. per ton: three months, £29 10s. Spelter.-Spot, £54 per ton; three months, £50. Bar silver, 453-Bd!'per ounce standard.