COMMERCIAL ITEMS

Dominion, Volume 11, Issue 217, 1 June 1918, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's Quotations for investment shares were- aa follow:~ Buyers. Sellen. i) e. d £ t it. National Bank - 5 7 0 Bank N.Z. (old) - 12 7 6 S.B. Insurance — 6 16 Standard Insurance 2 0 9 — Auckland Trams (0rd.)... - 013 6 Auckland Trams (pref.) — 017 0 Huddart-Parkcr (ord.) ... 119 6 " - Huddart-Parker (pref.)... — 113 Well. Woollen (ord.) ...... 7 0 0 - \Vaipa Colliery - . 017 6 Colonial Sugar (ord.) ... 21 7 6 2112 6 Golden Kay Cement 0 17 9 — N.Z. Drug 213 0 - N.Z. Paner Mills 10 3 - Well. Cordage 10 0 116 Wilson's Cement 18 0 Customs duties collected at tho port of Wellington yesterday amounted , to £2766 Os. 6d. BANK OF ENGLAND RETURN. Außtralian-JJow Zealand Cable Association. Bee. May 31, 10.15 p.m. London, May 30. The Bank of England return issued for the week ended Wednesday, May 29, is as under :— JfEEE DEPARTMENT. Note Issue £ 81.335.000 Gov. debt... £11,015 000 Other securities IAMM Gold ...' ... 62.576.000 , i'81.325.C00 f81.3°5,000 Banking Department. Proprietors' Gov.securlcaaitai ...f 14,653,000 ties ... f56,738 000 PuViio lie- Otbersecoriposits ... 41.056,000 ties 106,456.000 Other depnnits ...135,270,000 Notes 30,274,000 Beet, 7-day ami ether biils ... 6.105.000 ' Coin 3.876.000 £107,074,000 Tho leading items of the Bank of England return afford the following comparison :- Thisweek East ,veok Last year £ P. £ Bullion GZ876.000 6J.043.000 53.693.000 Beeorve ... 83.550.T00 3.1 Kim 34.835,000 Note Circulation 51,951.00(1 M.51i:.0C0 30.015.000 Public Deposits 4J.05G.C00-BH.CU,OOO 57,4:M!0

Oilier Deoosite 13-2,270.001) U7.000.000 119,481.000 Proportion of reserves to liabilities 17.50 18.57 19.52 GOVERNMENT SECURITIES. The following are the latest quotations /or Consols and C'olonis.l Government Securities in comparison with thoso ruling last week:— Kfn .,. ■ This Lost btook Week Week Vt% Imperial Consols \'% % **■«■ !V"Wa a r r i!r «»0«I§6 W.SMJan.JuI, «« » f* I ii „ N.S.W. Early Curr. ™12 S ] ™ l \ \ 4 ~ Vie. 1920 Jan.-July ij {£ 9 "}" ° 3i., Vic. 1921-6 Jan.-July %? S * « 3i.. Vic. 1920-1949 52 ,5 , n^ 1 ?? 3 ~Vic.1929-«Ja . n.-Jly S S S «S I I 3J..5.A. 1916 Jan.-July ?s 0 0 Sh n n 3 ~S.A.l9l«.t«.u,July S 4 ..Q'l'd 1915-24 Jan.-Jly o 0 w a a J1,.Q , 1'd1922-WJan.-Jly co 0 0 =0 10 0 3 ~QTd 1922-47 Jan.-Jlj 63 0 0 63 0 0 4 ~N.Z.1929May-Nov. eg 17 fi 66 15 0 • ■35"K-Z-15MJan,Jl y iS»'O noo 3 „ N.Z. 1920 April-Oct, G2 5 0 62 0 0 31 „ W. A. 1915-35 My-Nv 75 10 0 75 5 0 ' 3 ~W.A. 1915-35 My-NoT 73 2 B 70 17 6 31 „ Tas. 1920 Jan-July • 53 0 0 72 17 8 3 „ Tas 1920-40 Jan.-Julj 6ft 12 6 65 0 0 MONEY MARKET. The Bank of ftiglond Uiao>unt rate was on Tanuary 2, 1914. reduced jtrom 5 to 4i per cent., on January U it wa.6 reduceu. to i per cent., and on Tanuary 23 to 3 per cent. ' On July 30 the rate wae raised to 4 per cent., on July 31 it was raised to 8 per cent., and rn August 1 it waa the , . , advanced to 10 per cent. On Auuust i tho rate was reduced to 6 per cent., on Aueust 7 it was' farther reduoed to 6 per cent., on July 13, 1916. it was raised to 6 per cent., on January 12. 1917. it, was r»diiced to 51 per cent., and on April 5 it was further reduced to 5 jief cent.

OPEN MARKET HATES. ' The o»en market discount rato tot threo month*' bills is 3} pnr c?ut., as compared with 3J per cent, last week ana 4 13-16 per :■' ■ last year. Short loans are quoted at 3} per cent., as against 3J per cent, last week and 4J per cent, last year. COLONIAL AND OTHER PRODUCE. ■Wheat.-Steady. Flour.—Steady; prices unaltered. Oats, Beans, and Peas.—Firm; prices advancing. Butter.—Further good arrivals of colonial butter are in hand. Stocks are now sufficient to relieve any anxiety. THE METAL MARKETS. Tin.—£3s3 per ton, ' Other metals and silver unohanged.