COMMERCIAL ITEMS

Dominion, Volume 11, Issue 175, 13 April 1918, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAKES. Yesterday's quotations for investment shares were as follow:— Buyers. Sellers. £ s. d. £ a. d. National Bank ; 5 7 f> — Bank N.Z. (new) IVIO 0 Union Bank 56 0 0 — Equitable Building 9 2 6 — Loan, Mercantile (ord.) 84 0 0 Well. TrU6t and Loon ... 5 1?. 6 —- Christchurch Gas (£5) ... 5 15 0 — Hokltika Gas ' — 5f National Insurance 3 0 6 3 16 N.Z. Insurance 810 0 — S.B. Insurance 6 1 n — Standard Insurance 2 0 3 — N.Z. Refrigerating !. 118 9 20 0 Hud&irt-Parker (ord.) ... 117 •> — • Huddart-I'arker (pref.) ..103 — Union Steam (pref.) 114 — ICaiapoi Woollen (0rd.)... 7 0 0 — Mosgiol Woollen 110 0 • — Well. Woolleh (pref.) - , B; 0 0 Westport Goal 110 6 111 3 licvland-O'Bricn 17 9 — Golden Bay Cement 0 17 # — N.Z. Paper Mills 0 19 S — filiarland and 00. (ord.) 18 3 — Ward and Co 5 0 0 — Wilson's Cement (ord.) ... 1 8 0 — Custom duties collected at the port of Wellington yesterday amounted to £2271 Is. lOd. ■ ■ BANK OF ENGLAND RETURN. Australian-New Zealand Cable Association. (Eec. April 12, 7.5 ,p.m.) London,. April 11. ■ The Bank of England return issued ,for the week ended Wednesday, April 10, is as under:— ISSUE Department. Note Issue £78,143,000' Gov. debt.:, i 11,015,000 Other securities 7.434i000 Gold ... ... 59,691,000 £78.143,000 ill!, 143,000 i , Banking Department. Proprietors' Gov. securicapital ...£14,553,000 ties £56,608.000 Pul'iicdo- Other securiliosile ... 40,078,000 ties... -... 102.089,000 Other doposits ... 132,191,000 Notes 30,262,000 Best. May ' anfi other bills ... 3.117.000 Coin 743.000 f £169,942,000 £189,942.000 The leading items of the Bank of England return afford the following •Bon:Thisweek Last week Last year £• 4 £ Bullion 50.694.000 60,557.000 52,855,000 Reserve ... 31.005.000 31.009,000 34.75n.000 Note Circulation 47.881.000 47.U08.000 38,631.000 Public Deposits 40,078,000 a6.-258.0U0 49.392,000 Other deposits 152.191,000 150,273,000 128.663,000 Proportion of ; reserves to liabilities 18.00 17.09 19.49 GOVERNMENT SECURITIES. The following are the latest quotations lor Consols and Colonial Government Securities in comparison with those ruling last week:— .

There ia a slight depression on the Stock Exchange, .but no pressure to sell. MONEY MARKET. The Bank of England discount rate was 1 " on January 2, 1914, reduced from 5 to 4J per cent., on January 22 it was reduces 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 was raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. On August 6 the rate was rcduced to 6 per cent., on August 7 it was further reduoed 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< was further reduced to 5 per cent. •. OPEN MARKET HATES. The open market discount rate for three months' bills is 3J per cent., aa compared with 3i per cent, last week, and 4i per cent, last year. Short loans are quoted at 3J per cent, as against 3J por cent. laßt week, and 4J per cent, last year. COLONIAL AND OTHER PRODUCE. ■ Butliof.—Further good arrivals. The Food Controller is distributing a further 25 per cent, to tho Trade's April applications, nnd also 50 per cent, of the applications from the manufacturers of biscuits, etc. Wheat.—Nothing doing. Flour—Little business in overseas pqr> eels at late rates. Oats, Bcanß, and Peaa.-Soarccand firm. Sugar.—Unchanged. THE METAL MARKETS. Bar silver, 46Jd. per standard.

. c , , This Last &took Week Week 31 „ war Loan « ; 0 l{ , ( 4 „U.K.W.1933Jan-Julj S n n m n n 31 „N.8.\V. Early Curr. ™" £ 3 ,.N.S.W.1925Apl,0 C t % I S ™ " ° 4 „ Vic. 1920 Jan.-July 5" 0 0 i? 0 0 31 „ Tie. 1921-6 Jan.-July g 0 ' U 0 SJ q 0 3i.. Vic. 192U-1949 69 10 0 69 10 0 3 „ Vie. 1929-49 Jan.-Jly SJ, q £ 31„8.A. 1916 Jan.-July 72 0 0 72 7 6 3 „8.A. 1916 Jcu.-Juiy 51512 g eg 17 r 4 „QTd 1915-24 Jan.-Jly 01 7 6 01 2 6 3J„l}Tdl922.« Jan.-Jly 89 0 0 69 0 0 3 „QTd 1922-47 Jan.-Jl} 62 2 6 62 2 6 4 „N.Z.1929May-Nov. 8415 0 85 0 0 31 ,.N.Z. 1912-40 Jan.-Jly 72 12 6 72 1-2 6 3 „ N.Z. 1920 April-Oct. li<2 6 0 6210 0 31,. W.A. 1915-35 My-Nv 75 0 0 75 0 0 3 „W.A. 1915-35 My-NoY 68 0 0 68 0 0 31 „ Tas. 1920 Jan-July 7116 0 7117 6 3 „ Tas 1920-40 Jan.-Julj 65 0 u 65 0 0