COMMERCIAL ITEMS

Dominion, Volume 11, Issue 147, 11 March 1918, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAMS. Saturday's quotations for investment stares wcro as follow:—

BANK OF ATJSTiIAIjAeiA. Australian-New Zealand Cable Association. (Ecu. March 10, 6.20 p.m.) London Hareh 9. Tho Bank of Australasia has declared a. dividend of 14 per cent, and a bonus of 12s. fid.—equivalent to 17 per cent. LONDON MARKETS, (lice. March 10, 5.20 p.m.) London March 9. Oopper.-Spot. £110 ss. per ton; three months, £110 155.; electrolytic. .€125. Lead.-fipot, £29 10s. per ton; three — i —lths, £20 10s. Kpelter.-Hpot, £54j three months. £M. Tin—Spot, M 9 per ton; three months, £316. Bar silver, 42Jd. per ounce standard. Tin—Stocks. 20,007 tous; on spot, 2703 tons; aflp»t, 3370 tons; deliveries. 1595 tons. Hemp.—Fair demand, prices unchanged. Rubber.—l'ara, 2s. 7Jd. per lb.; plantation, 2s. 5Jd.; (smoked, 2s. 4?-d. BANK OF ENGLAND fIETTJE-N. London, March 9. The Bank of England return issued for tho week ended Wednesday, Jlarch 6. is as under:— Issue Department. Note Issue £77,521,000 Gov. debt... £11,015,000 ,- Other securities 7,434,000 Gold 59.075,000 • i 77.524.000 , .£77,521,000 Banking Department. Proprietors' Gov. sec'uricapital ...£14,553,000 ties , ... f67.737.000 Public do- Other sccuriposits ... 41,022.000 ties 95,191.000 Other deposits ...107,715,000 Notes 27,933.000 Rest, 7-day and other i bills ... 582.000 Coin ... ' ... 1.011.000 £103,872,000 £103,879.000 The leading items of the Bank of England return afford the following comparison ;- This week East week Last year £,• £ £

GOVERNMENT SECT/KITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling laßt 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 reduced to 4 per cent., and on January 23 to 3 per cent. On July 30 the rate was raised to 4 per cent., on July 31 it waß raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. On August 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to 5 per cent., oh July 13, 1916, it was raised to 6 per cent., on January 12, 1917. it was reduced to 51 per cent., and on April 5 it was further leduced to 5 per cent. OPEN MARKET RATES The open market discount ra-to for three mouths' bills' is J9-16 per cent., as compared with 3 9-16 per cent, last week and <3 per cent, last year. Short lo:,.m: aro quoled at 35 per cent., as against 3} :■«■ cent, last week, and 4J per cent, last year.

Buyers, Sellers. £ s. d. £ a. d. National Bank : 5 9 6 — , Bank N.Z. (new) : 17 7 6 - Equitable Building 9 0 0 N.Z. and River Plate ... 116 6 .. - Well. Investment — 0It 0 Well. Trust and Loan ... 5 12 6 — Well. Doposit 0 7 0 - S.B. Insurance '519 6 — Rear Meat (£1) 4 16 0 Auckland Trams (ord.) ... .10 6 Huddart-Parker (ord.) ... 1 19 0 — Union Steam (pref.) 1 1 n Well. Woollen (ord.) .'..... 6 18 0 _ Well. Woollen (prof.J ... t 5 0 Westport Coal 1 10 4 — Taringamutu Totara ... — 12 6 N.Z. Drug 2 11 0 _ N.Z. Portland Cement ... 0 7 0 _ N.Z. Paper Mills 0 19 6 - Sliarland's 'ord.) 17 9 Wilson's Portland Oemeut 14 0 — Customs duties collected at the port. *'. Wellington on Saturday amounted to £701 Is. Wd.

Bullion 50.079,000 6S.287.0M 52.S31.00O Iieserve ... S9.994.000 80,652.000 34,113,0(10 Note Circulation 47,691.000 47.257.000 88.237,000 Public Deposits 41.023.000 42.050,000 120.889.000 Other Deposits 137.715.000 124.767,000 123,165,000 Proportion of reserves to liabilities 17.31 18.24 14.02

et„„i. This Last Stock • Week Week 21% Imperial Consols £ 6 - a - f. % a ' 5 „ War Loan " ° ° " IS 6 31 ..War Loan 4 „N.S.W.1933Jan-Juli 5 0 86 5 0 51 ..N.S.W. Early Curr. ™ J £ S 1 " " 3 ,. N.S.>V.1925Apl.-Oet l° n .? 2 Zi n S 2 4 „Vic.l920Jun.-J<iiy J! ? S Sj 31,. Vic. 1921-6 Jan..July S J I f Eg 2 B 31 ,„Vic. 1920-1949 S f 0 ? X i , i "^?c 1 1 6 / 1 a,1 - J T ul r '2 5 0 T-2 0 0 4 „QTdl91o-24Jan.-JIy m u n ni n n n - J T I , y » » ° 83 1? 6 4 „ N.Z. 1929 May-Nov. ffi 7 6 Stt 12 6 3i„N.Z.191W0Jan,Jly .?2 17 ' 6 73 0 0 3 „ N.Z. 1920 April-Oct. 62 2 6 C3 12 6 31,. W.A. 1515-35 My-Nv 76 7 6 76 7 B 3 „ W.A. 1915-35 My-Nov 69 12 6 61) 12 6 31 „ Tas. 1920 Jan-July 71 7 6 71 7 6 3 ,. Tas 1920-40 Jan.-Julj 65 0 0 65 5 0