COMMERCIAL ITEMS

Dominion, Volume 11, Issue 117, 4 February 1918, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. ' A sale of Bank of (Now Zealand shares (old issue) at £12 '/a. 6< *: was made on 'Change on Saturdays The quotations were as follow:- ■ ■' . ■ : ' Buyers. Sellers. ' ' < £ s.ld. £s. d. National Bank ; 55 0 519 0 Bank N.Z. (old)' 12 6 6Bank N.Z. (old) ...l 17 7.6 . Union Bank 53 la 0 —v Equitable Building ......... 9 0 0 - N.Z. loan and Jleir. "(ord) 80. 0 0 84 0 0 N.Z. and River Plate 116 0 - ■ Well. Investment - 011 0 WclK Trust and torn ... — ■ 512 6 National Insurance 3 C 0 ' — S.B. Insurance 6 0' 0 — Gear Meat (£1) 4160 - Huddftrt-Parker (oird.) ... - 115 0 Well. Woollen (orcl.) 6 15 0 — . Well. Woollen (pnef.) 4 5 0 ■ - Westport Coal ....; '110 6 111 6 Waipa Colliery — 0 18 3 Manning and Co. ..' 3 0 0 —' Custom dutie3 collected at the port- of Wellington on Saturday amounted to £599 2b. lid. ' ' A BANK MERGER. Australian-New Zfealand Cable Association. ■' (Rec. February 3. 5.5 p.m.) Londoni February 2. , The London County and Westminster Bank has absorbed Parr's Bank. LONDON MARKETS. (Reo. February 3-4, midnight.) London, February 2. Hemp—ln good demand, particularly on Rubber.—Para, 2b. 73d. per lb.; plantatiou, 2s. 3d.; smoked, 2s 31d. Babbits.—Colonial, none offering, iamb.—New Zealand, 10Ji. TALLOW.. (Rec. February 3, 5.5 p.m.) London, February 2. Tallow stocks, 1277 casks;' imports, 269 ciska; deliveries, 1085 casks. NEW SOUTH WALES LOAN (Reo. February 3, 5.5 p.m.) London, February 1. The amount of the New South Wales loan' is £12,648,578 .-Aus.-N.Z. Cable Asan. ' BANK OF ENGLAND RETURN. Australian-New Zealand Cable Association. (Rec, February 2, 1.30 p.m.) London, January 31. The Bank of England return issued for the week ended Wednesday, January -30, is ae under:— IBBCK Department. Notelsmie £75,031.000 Gov. debt... £ 11,015,000 Other securities 7,434,000 Gold 67,486.000 f75.931.000 X-76.P31.000 ; Bankdio Department. Proprietors' Gov. securicapita! ...£14,553,000 ties ••.' £55,876,0(Xj Public do- Other eecuri- ' jiOßitß ... 38,237,000 ties 01,890,0/3 Other de- . posits ... 1Z2.844.000 Notes 30,038,Cjt>J. Best, 7-day end other bill3 ...■ 3,493.000 Coin ... ...JJ.V3HO £178,927,000 fIT&WTifOO Tho leading items of the Bank of ijfiglend return afford the following son:Tbieweek Last week iasl/yeer £ £ £1 Bullion 57,485,000 67,783.000 W.'H.1.000 Kesßrve ... 31.161.000 83,142.000 36WJ3.000 Note Circulation 45.896,000 15,223,000 3PJ785.000 Public Deposits 88.98T.000 41.816.000 WM.OOO Othor Deposits 1Z2.641.000 121,440,000 138/232.000 Proportion of reserves to > liabilities 19.36 19.33 ; 7.9-10 GOVERNMENT BECURITIEfi. Tbo follovriiig are the lateet ■ qrMitationa for Consols and Colonial Govern w.enl Securities in comparison with tho , id rulinc 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 rr>.'uced to 1 per cent., and on January 23 to 3 per cent. On July JO the rate was ra'sed to 4 per coat., on July 31 if was raised to 8 per. cent., and on Auguet 1 it was further advanced to 10 per cent. On August 6 the rate waa reduced to 6 per cent., on August 7 it vae further roduced to 5 por cent., on July 13, 1916, it was raised to 6 per cent., on January 12, 1917, it was reduced to 51 per cent., and on April 6 it was further reduced to 5 per cent. OPEN MARKET HATES. The open market discount rote for three months' bine is 4 per cent., as compared with 4 por cent, last week and 5 per cßiii. last year. Short 'oans are quoted at 35 per cent., ae against. 33 per cent, last week, and 43 per cent, last .year. COLONIAL AND OTHER PRODUCE. Wheat-The emallnees of the offerings of spot Wheat restricts business to a few dealings in Australian at 7os. 6(1 Flonr.—ln small supply; unchangca. ' demand at full rates. Beans.—Firm; New Zealand not offering. Peas—Advlncing; New Zealand and Tasmanian blues, 665.; raapVie, 130s. to 1403. Sugar.—Unchanged. THE METAiL MARKETS. Tim-Spot, £297 15s. per ton-, three months, £295 15s. Bar Silver.— 4Jjd. per standard.

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