COMMERCIAL ITEMS

Dominion, Volume 11, Issue 11, 28 January 1918, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAPES. Saturday's quotations for investment shares were as follow:— Buyers. Sellers. £ s. d. £ s. d. Bank N.Z. (old) 12 J 0 — Bank N.Z. (new) 17 4 0 — National Mortgage 318 0 — Well. Gas (£10) — 12 5 (1 S.B. Insurance — 6 10 Gear Meat (£1) 4 15 0 — Auckland Trams (ord.) ... 1 0 6 — Huddart-Parker (ord.) ... — 115 9 Union Steam (pref.) 113 — Kaiapoi Woollen (ord.) 7 0 0 — Well. Woollen (ord.) ...... 615 0 - Well. Woollen (pref.) ..... 4 2 6 — Wentport Coal 110 6 — Waipa Colliery — Cl 6 3 N.Z. Paper Hills 0 19 0 — Sharland's (ord.) 17 6 — Customß duties collected at the nort of Wellington on Saturday amounted to £1029 4s. 4d. ORIENT STEAM NAVIGATION CO. London, January 25. The Orient Steßm Navigation Co., Ltd., has declared a dividend of 15 per cent. LONDON MAKKKTVS. (Eec. January 27, 5'.5 p.m.) London, January ?6. Rubber.—Para, 2s. 7jd. per lb.: plantation, 2s. 3gd.: smoked Bheets, 2c. 3\d. Hemp—Fair demand at' Government rates. Hides.—7229 New Zealand ox and cow hideß were auctioned and 2066 sold. Salted, lljd. per lb.; brined, l?}d. BANK OF ENGLAND RETURN. Australian-New Zealand Cable Association. Londoni January 24. The Bank of England return issued for the week euded Wednesday, January 23, iB as under:— Issue Department. Note Issue f75.Q32.000 Gov. debt... X11.015.0C0 Other securities 7,434,000 Gold 57,763,000 176.233,000 £76,232,000 Bixmo Department. Proprietors' Gov. cecuricapital ...fH.553.0C0 ties ... i56.E10.000 Public de- Other seeuriposits ... '11,615,000 ties 95,214.000 Other deposits ... 124,440.000 Notes 31,009,000 Rest, 7-day and other I bills ... 3,368.000 Coin 1.133.000 £184,196,000 i £164,196.000 The leading items of the Bank of England return afford the following comparison :— • This week Last week Lastyear ( Bnllion 57.763.000 57.626.000 55,231.000 Reserve ... 32,142.000 31.693.000 36.265.000 Note Circulation 45,223.000 45,325,000 38.765,000 Public Deposits 41,815.000 41,416,000 ' 60,721,000 Other Deposits 124,440,000 121,589,000 139.232,00Q Proportion of reserves to liabilities 19.33 • 19.56 19.10 GOVERNMENT SECURITIES. The following are tho latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:—

KONEr 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 on January 23 to 3 per cent. Oil 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 Autust 6 the rate was reduced to 6 per cent-., on August 7 it -was further reduced to 5 per ceut., on July 13, 1916, it. was raised to 6 per cent., on January 12, 1917. it was reduced to 5J per ccnt.,' and on April 5 it was further reduced to 5 per cent. OPEN MARKET KATES. The open market discount rate for three months' bills is 4 per cent., as compared with 4 per cent, last ireek and 5 per cent, last year. Short 'oans aro quoted <it 3j per cent., as againßt 35 per cent, last, week, and 4J per cent, last year. • COLONIAL AND OTHER PRODUCE. Wheat.—Cargoes are at a standstill in the absenco of offers. I lttle is offering on the spot, except new Manitobas. Flour.—A small quantity of overseas flour was quickly sold at .full rates. Oats, Beans, and Peas.—Hardening tendency. Sugar.—Unchanged. Butter—Two Australian butter cargoes havo arrived, allowing of another distribution. One was made on January 8, the applications consisting of equal proportions of butter and marcarine. THE METAIj iIARKETS. Tin.—Spot, £259 15s. per ton: three months, £296 15s. Bar silvor, 43Jd. per ounce standard. Other metals aro unchanged.

PwaTll? 1150 " d ° d " ? " w o r T „®, n 93 10 0 93 12 6 '"ismiT..!,,!, 66 10 0 86 15 0 11 " Isvra w \r 62 5 0 S2 0 0 4;:N:l:™fyG r ,rr P T™ 0 0 3 „ N.S.W. 1925 Apl.-Oct ?S .2 2 ~ 10 0 » "v- i0,^? n " 66 5 0 «" G }" 7.. W21-6 Jail.-July ts 0 0 85 0 0 aJ.. Vic. 19&0-1949 70 0 0 70 d 6 3 U " Vic. 1929-49 Je,n,Jl y MOO 62 5 S 3j „ o. A. 1916 Jan.-July 7.3 0 0 71 15 0 a • , n.w J '.2, 1 L J < fl ?" JU T 1 , y 51 0 0 56 10 0 1 " Q Jan.-JIy 01 2 6 91 0 0 51 » Q1 dl922-47 Jan.-Oly 69 0 0 68 15 0 3 „Qld 1922-47Jan.-Jlj 61 5 0 61 5 0 4 „N.Z.1929May-Nov. 66 a 6 85 15 0 3J „ Jf.Z. 1912-40 Jan.-Jly 72 10 0 72 2 6 • 3 „ N.Z. 1920 April-Oct. 63 10 0 63 7 6 ■ 31.. W.A. 1915-35 Hy-Ny 74 10 0 74 2 6 3 „W.A. 1915-35 My-Nov 69 10 0 69 0 0 31Tas. 1920 Jau-July 71 7 6 71 5 0 3 „ Tas 1920-40 Jan.-Julj 65 0 0 64 0 0