COMMERCIAL ITEMS

Dominion, Volume 11, Issue 88, 7 January 1918, Page 8

COMMERCIAL ITEMS

Customs duty collected at the port or <T e J 1 J <rton ou Slitl "' da y amounted to £2587 las. 7d. NEW ZEALAND AND RIVER PLATE CO. 3y Tclegraph-l'icss Association. Auckland January 5. Al, Uie annual mcotin*- of the New ssa. land and River Plato Company, in London, on January 15, the directors will recommend a. dividend of 12 per cent, nor annum, leas income tax; that £25.000 he carried to tho reserve fund; and £17390 earned forward. BANK OF ENGLAND RETURN. Australian-New Zealand Cable Association. London, January i. The Bank of Enslaml return issued for the week ended Wednesday, January 2, is as under.— Issue Department. Noto Issue i76,J93,C00 Got. debt... JtU 015 000 Other soeiirifos 7.434.000 Gold £8.043,000 i76.JM.000 £76,10:2,000 Hanking Department. Proprietors' Got. securlcapital ...JE1J.553,000 ties ... £70 631000 Public de- Othorsecurlpoaite ... 32,075,000 ties 106,481,000 Other deposits ... 158,411,000 Notes 29,011000 Rest, 7-day and other bills ... J. 331000 Coin 1.147,000 f208.373.000 £208,373.000 The leading items of the Bank of EngJand return afford the following comparison:— This weok Last week Lastyoar £ £ £ Bullion 68.0i3.000 57,131,000 53.535.000 Beeerve ... 31,058.000 30.844.000 33,612,000 Noto Circulation 40,681,000 45.814,000 33.695.000 Public Deposits 32,076.000 42.009,000 53,147,000 Other Deposits l£-8,4]1,000 124,161,000 117,888.000 Proportion of reserves to liabilities 16.30 18.66 19.76 GOVERNMENT SECURITIES. The following are the lateit quotations for Console and Colonial Government Securities in comparison with those ruling last week:—

HONEY. MARKET' The Bank of England discount rato wa« on January 2, 1914, reduced from 5 to 4j per cent., on January 22 it was rn.'uced to 4 per cent., and on January 23 to 3 per cent. On July 30 the rate was ra'sed to 4 per cent., on July 31 it was raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. On August 6 the rato was reduced to 6 per cent-., on August 7 it -was further reduced to 5 per cent., on July 13, 1916, it was raised to 6 per cent., on January 12, 1917, it was reduced to 5J per cent., and on April 5 it ■cms further reduced to 5 per cent. OPEN MARKET HATEB. The open market discount rate for three months' hills is 4 per cent., as compared with 45 per cent, last week, and 5 9-16 per. cent, last year. Short loans are quoted at 3j per cent., aa against 4J por cent, last week, and % per cent. last year. COLONIAL AND OTHER PEODUCE. Butter.—The market is cleared. Ectailers aro eagerly awaiting the next distribution, for which, an Australian cargo just arrived will be available. Wheat.—Lifeless. Parcels or cargoes aro not offering, and nothing is available on spot. Australian 13 quoted at 81s. 6d. to 82s. 3d. ex quay. Flour.—No imported (lour is offering. Oats.—No colonial aro on offer. Peas and Beans.—Strong, at full late rates. Sugar.—Granulated, 465. 9d. LONDON SHARE MARKET. Australian-New Zealand Cable Association. London January 4. Waihi, buyers IK, sellers 58b. Waihi Grand Junction, buyers 15a., sellers 173. 6d. —Aus.-N.Z. Cable Assn. THE MOUNT MORGAN DIVIDEND. By Telegraph-Press Afisociation-Copjright (Reo. January 6, 5.5 p.m.) Brisbane, January 6. The Mount Morgan half-yearly surplus is £124.844. A dividend of a shilling a share has been declared.—Press Assn.

Stock 5 hi5 . last >Veok Meek 21% Imperial Console L \ '\ f. *• a .: 6 „ War Loau ™ „ » " " ' •31.. Far Loan 8510 0 m o n 4 ,,N.8.\Y.19MJan-Julj 81 5 n H? n n 3J,,N.8.W. Early Ourr" 'S 5 S S n n 3 ,,N.S.W.1925Apl..Oot 0 Mi? n 4 „Vic. 1920 Jan,July 55" n S ?S ' 31 ..Tio. 1921-6 J»n..July si 2 6 si 5 n •3i,, Vic. 1920-1549 ,0 4 6 m 15 n 3 „ Vic. 1929-49 Jan.-JIy ™ 7 6 61 0 a 31,,S.A.1916Jan.-July ?l 10 0 71 0 0 4 ,,QTd 1915-24 Jan,Jlj 69 6 % 80 0 0 3S,,(JTdl922-47Jan.-Jly 86 10 0 86 0 0 3 „ QTd 1922-47 Jan,Jlj 6112 6 61 6 0 4 ..N.Z.1J29 May-No A 85 10 0 85 a 6 35 ,,N.Z. 1912-40 Jan.-J.* 73 0 0 7117 6 3 ,,N.Z.1920Aprll-Oct. 63 6 0 63 0 0 3i,.WJ..1915J6My-Nv 73 0 0 73 2 G 3 „ W.A. 1916-35 My-NoT 68 0 0 60 0 0 31., TaB. 1920 Jan-July 71 0 0 71 5 0 3 ,,Tas 192IM0 Jon.-Julj 6317 6 61 0 0