COMMERCIAL ITEMS

Dominion, Volume 11, Issue 153, 18 March 1918, Page 8

COMMERCIAL ITEMS

INVESTMENT • SHARES. On Saturday; sties -were reported of South British. Insurance at S&. 3s.': 6d., and. of Kaiapol Woollen,: ordinary, .at £7 3s. 6d. The uotatione were as follow:— Buyers. Sellers. £ s. d. £ s. a.' • National Bank 6 9 0 •— Bank Jf.Z. (old) : 12 6 6 12 9 9 Union Banh 56 0 0 — Equitable Building 9 0 0 9 5 0 Metropolitan Building ... U 3 0 — Hokitika Gae 4 12 6 National Insurance .." 3 10 — N.K. Insurance 8 P. 0 — K.B. Insurances .......' 6 2 6 . — Uear Meat (£1) ;.:„. 4 17 6 — Auokland Trama (0rd.).... 10 6 1 ,0 9 Huddart-Parker (ord.) ... 1 19 0 - Jluddart-Farker (pref.) .. 1 0' 9- • ■ —•.. Union Steam (pref,) 110 ~ Kaiapoi Woollen ....: 7 2 0 — ; Well. Woollen (pref.) 110 0 - Waipa Colliery — 0 19 6 Lerland-O'Brien 16 6 -.."■ — Golden Bay Cement 0 18 0 0 19 6 •N.Z. Paper Mills 0 19 6 - ■ -. . Pharland (crd.) 1 8 3 ' - * Well. Cordage 10 3 Customs duties collected at tho port ,i' ■Wellington on Saturday amounted to £3372 Bs. M. BJUTISII AXD AOSTEALIAJf INSURANCE COMPANY. Auetralian-New Zealand Cablo Association. (Eec. March 16. 5.5 p.m.) London, JCarch 15. The British and Australian Insurance Company, with a capital of £100,000. lias been privately subscribed, and will com- , mence marino insurance immediately.— Aus.-li.Z. U.iblc A«rn. BANK OF- ENGLAND RETURN. ' .'■Rec. March 16, 5.5 p.m.) London March 15. The Bank of Kngland return issued for the week ceded Wednesday, Marctj 13, is as nnder :— IfiSETE DKPARIMENT. Kotalgsue £77,586.000 Gov. debt... £11,015,000 Other securi- ■ • - ties 7,«-1,000 Gold 59,137,000 iJ7.666.C0a JE77,556,000 Bakkino Dbfabtment. Propriaiore' aov.seouri- '. capital ....£14,553,000 ties ... £56,623.000 .'Pntlicdo- Other fioenri- ■' posita ...38,353,000 tics 97,601,000 Ottoraeposits ...128,998.000 Notes 30,303,000 Bert.7-dey and other bills ... 3.669.00] Coin ... ... 949.000 £185,1173.000

Tho leading item 3 of the Bank of EngmSlJ urn afford the -following compariThis week taetweek Last year S ll " ion - 59,137,000 50.079.000 51.957.000 lieservo ... 31,251,000 39.001.000 31.161.000 2, mi J?" at !? B 47 - 2 8*.(W 47.691.000 88.073,000 public Deposits 38.353.0ti0 41.033.000 86,377,000 Otlier I)0BO6it8 128,886,000 137,715,000 119.144,000 Proportion of . reserves to liabilities 18.70 17.31 16.62 GOVERNMENT SECURITIES. ihe following are the latoet quotations W (jonsols and Colonial Government Socuntlee in comparison with those ruling last week:— Pfe er il°r sols ~ TviTvS 3i"Wa?Loan ?B 6 03 5 0 4 ~N.B.ff.l933Jan.Jul,- «§ o 2 |S ,S J «..N.S.W. Early .Onrr. ■ S?}§ S S n n i 4 „ Vic. 1920 Jan.-3uly SS J 1° \ 5 7 ° 3i,, Vic. 1921-6 Jan.July % ' ° ™" <! 3i,. Vic. 1920-1949 S 1 X S S I * ' I ~Vio. 1929-49 Jan.-Jly S ° °, ™ I 5 ■ 3J ll e.A.i9l6Jan.-JuJy ran n ii 1 n 3 „ B.A. 1916 Jaii.-July J? ° '£ ° ° 4 ~QTd 1916-24 Jan.-Jly m on 01 0 n J.. N.Z.1929 slay-Nov. EB 10 0 66 7 6 3J,,K.Z. 1912-40 Jan.-Jly nlβ 6 ?3 17 6 .■.N.Z.moA ß ril.Oct y yi-g 6 6 ?"w4-«HfH y- 5 T 76 7 6 ' 6 7 s Ti-m-^-A 91 " 541 ?- I,o ' 61)1 5 0 l>9 12 6 35 „ Tas. 1920 Jan-July 71 6 0 71 7 G 3 „ Tas 1920-40 Jan.-Julj 65' 0 0 65 0 0 MOSEf MARKET. The Bank of England discount iato was on January 2, 1914. reduced from 6 to 4J per cent., on January 23 it was reduced to 4 per cent., and on January 23 to 3 ner cent. On July 30 the rate wae raised to 4 per cent., on July 31 it was raised to J 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., ou AUBUBt 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 cont., and on April 5 it was further rednced to 5 per cent. OPEN MARKET EiTES. The open market dicroant rate for three months bills is 3| per cent, as compared with 3 9-16 per cent, laet, week, and 4 9-16 per centl last year. . -Short loans aro quoted at 3J per cent., as against 3} ;per ient. last iveek, and 45 per cent, last year. ' COLONIAL AND OTHER PEODUOK. Butter.—Arrives allow the distribution of one-fourth of Hie trade's Jtarch application on Tuesday. Sugar.-Granulated, Ms. 9d. Wheat.—Dull, not offering. Australian, Fpot, nominally 85s. 6d. to 84b. 3d. Them were 3mall offering of oversea* ilonr at late rates. Supplies of English exceed tho demand. ■■ ' Oats, Peas, und Bcam.-Firm, at full laics. ■ THE METAL MARKET. Tin.-Spot, £322 per ton; three months, £320. / Bar Siker.-3s. 7d. per ounce standard. - Other metals unchanged.