COMMERCIAL ITEMS

Dominion, Volume 11, Issue 200, 13 May 1918, Page 8

COMMERCIAL ITEMS

■' INVESTMENT SHARES. ' : The quotations-for investment shares on Saturday were as follow:— ' Buyers. ■ Sailers. £s.d. St. d National Bank ' — 5 7 0 Bank N.Z. (old) ...12 3 0 - Bank N.Z. (new)' — 17 11 0 Equitable Building 9 0 0 - ' Well. Inveetment — (111 0 Well. Trust and Loan ... 5 12 6 5 17 6 Auckland' Gas' 17 0 — Ohch. Gas 5 15 0 ii 0 0 National Insurance 3 0 3 — N.Z. Refrigerating — 119. f Huddart-Parker (pvei'O ... 10ft - Union Steam (pref.) ... 1 1 0 — ' Taupiri Coal 0 19 0 — ' Westport Coal 110 0 1110 ' Waipa, Colliery - ■ D 17 * ; Golden Bay Cement ._... 017 9 - :. N.Z. Portland Cement".,. 10 9 IX6 Sharland and Co ;...>1 7 6 — ' Customs duties collected at tbo port of Wellington on Saturday amounted to £1110 , r Us. Bd. . . HIDES AND TALLOW. ■ Messrs. Abraham and Williams, Ltd., re•port on their fortnightly sale of hides and tallow:—Our catalogue was the first eince the Government relinquished the commandeer of the hides, and was comprised of hides and tallow only. I'rices for hides, compared with Government rates, were lower by jd. to 2}d. per lb. all round, but calf fkins showed a rise of 2d. to 3d. per pound. Tallow was down V 3s. to ss. per cwt., compared with our \ last sale. Quotations :-Hides: Ox heavy, \ 113 ■ to 12id.; ok .medium, 6J to IOJd.; \ox, light, Bd. to I JSd.; cow, heavy,-7d. V? 93d.; cow, medium, 73d. to 10d.; cow, light, 7jd. to IOd.; cut, slippy and in-f.\rior..-7Jd. to 89d.; bull, stag, 6gd. to ?$, ,; . yc ?!'i} ngs, # t0 m -' ea,f - superior, «?i ?/ i calf ' medi <"n to good, sd. to UJdu calf, damaged, «d. to lift. Tallow: In casks, 235. to 335.; in tins, 18s. to OlS.'. 0(1 BANK OF ENGLAND RETURN. 'Australian-Now Zealand Cable Association (Rec. Stay 11, 5.5 p.m.) London, May 10 The Bank of England return issued for the week ended Wednesday, Ma? 8, is as under:— Issue Department. Kote'lssue i 79.-200.000 Gov. debt... £11,015.000 ' , Other securities ~ 7,434.000 Gold 60,751.000 i 78.200.000 £79,200,000 Banking Department. iFfOSrietors' Gov.eocuri. capital ...£14.653,000 tlee ... £55,872,000 Publiode- Othersecuripoeits .:. .37,673,000 tioa 97,410,000 Other do-*-Joaife ...128,139,000 Notes 29,517,000 Best, 7-day , and other • bills ... 3.159.000 Coin 616.000 ' £133,415,000 £183.41(5.000 Tht leading items of the Bank of Eng-

land return afford the following comparison:— Thiswjek Last wee];.Lns« year £ * i!, Bullion Bt.n\tlM 60.8J0.000 52.777.C00 Reserve ... 30.1E3.0i,i) 50.58.0iJ0 51.74J.C1X) Noto Circulation 48,653.UW <P.4?0.01'0 58.721.000 Publio Deootits 37.675,000 3<,373,000 61.173.0u0 Otbor Deposits 120.1E0.000 137.558,000 119,876.000 Fioportion ot v . reserves lo liabilities 18.1S 17.05 20-01 GOVERNMENT SEOimiTIES. Tho following are tho latoet quolations lor Consols and Coiouial Oovernmont Sccuritioa in comparison with those luling last week:—

MOSE.V MARKET. .. The Bank ofEDj-land discount rate was on January 2, 1914. reduced from 5 to 41 percent., on January D it wits reduceu lo 4. per .cent., and on -lanoary 23 to , i per cont. On J uiy M tho rat« was raised to « per ceut., on July SI it was raised to 8 -per cent., and cb August 1 l>, was further advanced to 10 por cent. On August 6 the rato TO3 reduced to 6 per cent., on i August 7 it was'further reduced to 5 per cent,, on Jnly 13, 1916. it was raiend to 6 per cent., on January 12. 1517. it was reduced to 5S per cent., and on April 5 it was farther .reduced to 5 per cont. I OPEN MARKET KATES. . The opon markot discount rato for thren months' bills is 3J per cent., as compared with. 31 per cent, last week, and, 43 ner j lent, last year. ; Short loans are quoted at i\ por cent., as against i 1-16 por rent, last week and 43 per cent, last year. ' j COLONIAL AND>»HEB PBOLUdE. j Butter.—Plorltiful. ' ' j Lard.—Tery scarce. - I Wheat.-<3uiot. I Flour.—Steady. A small amount or ovor- ! eeas has been released. I Oats.-Quiot. - Beans.—Firm; no colonial on offer. Peas.—Advancing. New Zealand and Taswhite, 665. to 60a. per cwt. on spot. THE METAL MARKET'S. Tin.-StooliS, 19,733 tons; on spot, 1929 tone; afloat, 5575 tons; deliveries, .1022 tons. Metal prioes are unchanged. LONDON WOOL SALES. I Australian-New Zealand Cablo Association, j ; , (Kcc. May H, 5.5 p.m.) i Uondon, Jiay 10. The distribution of wool for oivilißn trade lias attracted a few buyers. Thcru worn 12150 bales catalogued and 2200 were sold. The fixed prices are higher than' in January. The chief competition was lor food free scoured wools and preasy New Zealand lambs. ,

04 0 .i, This Lest , Bl0Ck Week Week 2i%taperialOonsoii i% A - f. B -<"• 5 „ Wμ Loan 'If • 8 i *> J « ■ 3J,.W»rLoan- g J b van h < ,,-|S..g.¥/J9«Jaii-Jttli Kin Si V,m« J 'wlffiSi ''0 ° ° SS13 6 3J,.Vlo. 1921-6 Jan..JiUy g J 6 6717 0 3 ,.K.A.M16J(Mi..JuJ> S-α n SIS S n-f S H215 0 62 5 0 W15 0 7117 6 3 ..laslSiiMOJen.-Juij U5 0 0 63 0 0