COMMERCIAL ITEMS

Dominion, Volume 11, Issue 229, 15 June 1918, Page 10

COMMERCIAL ITEMS

INVESTMENT, SHARES. Yesterday's quotations lor shares were as follow:— Buyers. Sellers. • ■•'■■ • £ e.d. £B.d. National Bank 5 5 6 5 7 6 Bank N.6.W — 36 5 0 Bank N.Z. (old) 12 5 0 12. 7 0 Bank N.Z. (new) 17 16 0 18 0 0 Equitable Building ;.-.. '9 2 6 — • N.Z. and River Plate 117 0 - National Insurance .218 6 S.B. Insurance — ■ 6 10 Standard Insurance 2 16 — Auckland Trams (ord.) .... — 019 9 Auckland Trams (prnf.) .. - 016 9 Huddart-Parkcr (or<l.) ... 118 6 — Union Steam (pref.) 1. 0 10 — Well. Woollen (ord.) 7 0 0 - Well. Woollen (pref.) - 5' 0 0 Oamaru Woollen 110 0 — Taupiri Coal 0 18 0 — Westport Coal -• • I 9 o Waipa Colliery - 017 i Kauri Timber (33a.) 18 0-Leyland-O'Brien 1 7 J 18 0 Colonial Sugar — 2112 6 D.1.0. Preference 10 0 — Golden Bay Cement 0 17 9. — N.Z. Drus; 213 f> - N.Z. Paper Mills 1 0 10 - Customs duty collected at the port of Wellington yesterday amounted to £3028 2s. sd. PUBLIC COMPANY REPOETS. ' Australian-New Zealand Cable Association. London, June 13 The Kalgoorlio Electric Tramways. Ltd., has a declared profit of £15,910. It is pro'- , posed to place to debenturo redemption fund £6000, and carry forward £968. Tho South Australian Land, Mortgage, and Agency Company reports a profit of £58,755. includinc £36,359 from reserve fund and £14,200 proceeds of land sales. It is proposed to pay a final dividend of 30n. and a bonus of 20s. per share.— Auel-N.Z. Cablo Assn. BANK OF ENGLAND KETTJKN. Australian-New Zealand Cable Association. (Rec. June M, 5.50 p.m.) London] June 13. The Bonk of Eiis-laml return issued f ( or the week ended Wednesday, June 12, is as under:— ISSDH DEPAJITSIKKT. Note Issue i 81,701.000 Gov. debt... £ 11,015,000 Other securities 7.434,000 Dold 63.255.003 i*81.704.000 A-81.70J.C00 Banking DmnTatENT. Proprietors' Gov.securiCBpita.l ...£14.653,000 ties ... £56,119,000 Public de- Other seenriposits ... 43,020,000 tios 100,018,000 Other dGposits ... 12G.5Ci1.000 Notes.- 29.670.000 licet, 7-day and olbor bills ... 5.G34.P Coin 62-1.000 - £167,370,000 X 187.370.000 The loading items ot the Bank of England return afford the following companion :— Thisweolt Last wcok Lost year £ £ £ Bullion 63.255.000 63.210.000 52.7!>3.<ip0 Reserve ... 30.303.C0u 30,359,C1X) 35.0i5.000 Note Circulation 62.0-25.000 51.855.W10 3?,77I).0OO Public Deposits -i 3.020.000 38,664-0110 49.781,000 Othor Deposits 126.565.C00 131.005.000 125.855.000 j Proportion of teaorvaslu liabilities 17.E7 17.E2 ".J-PJ

GOVERNMENT SECURITIES. The following are the latost quotations for Consols and Colonial Government Securities in comparison with tlioao ruling last week:— Stock J, bi ? .J"" 1 ' nook AVook ■«}% Imperial Consols *s8 War Loan Sb un 50 0 0 31 .War Loan f r ]<\ ° ™ " 6 4 ~i\.S.W.l«3Jan-Julj. ''{J ° g'" ° 3,. N.S.W. Early Curr ] °° 6]™ " J 4 „ Vic. 1920 Jan.-Jnly $* ? SJ " 3!,, Vic. 1921-6 Jan.-July %. ' J £' ? >' ii „ Vic. 1520-1949 5? i ° °l I S 3 „ Via. 1529-ffl Jan.-Jly m 1(1 or* " a 3i,,S,A.l9l6JttU..July L\ ,Si %i. n 3 ~S.A.l9l6.Jau..July II 1 b n \ %,n n 4 ~QTd 1915-24 Jan,Jlj ~ 2 2 ft ? ° 3i,,QTd1922-47Jau.-Jly ™ ? 0 f< o o 3 ~QT(I 1922-47 Jan,Jlj $jq n 62 n a A M 7 1090 "Wn V Ul Oi U U 3i,, 1N.£.1912-40 Jau.-Jly 70 5 n 70 s n 3J,, W.A. 1915-35 My-Nv 75 »a 1 win 0 3 ~W.A. 1915-35 My-Not 4 '7 e 72 0 0 3J.. !I'as. 1920 Jan-July 73 5 i) 71 2 li 3 ~las 1920-40 Jun.-Julj 66 0 0 65 0 U JIONBr MARKET. The Hank uf Eujland discount rate was on Januarj 2, 1914. reduced /rom 5 to 4} per cent., on Jauuary 'u. ii was io •4 per ceut., and on January 23 to 3 per cent. On July 30 the rate waa raised to J per cent., on July 31 it wae raised to 8 pel- cent., and en Ausuet 1 it was further advanced to 10 per cent. On Aucust 6 the rate was reduced lo 6 per cent., on August 7 it was further reduced to 5 per oent., on July 13, 1916, it was raised to S per cent., on January 12. 1917. it was reduced to -51 per cent., and on April h 11 was further reduced to 5 pet cent. OPEN MARKET HATES. Tho open market discount rate for three months' bills ia 3} per cent., as compared with 31 per cent, last week and 4} per wit. hut year. Short loans am quoted at 3J per cent, as against 3J per cent, last week and 33 por cent, last year. COLONIAL AND OTHER PEODTJCK. ~ Wheat.—Fair quantities afloat were offered. Australian parcels sold at 795. 6d. There is little doing in spot lots. Flour.-Quiet, unchanged. Oats-Dull; little offering. Peas and Beans.-Slow at late rates. Sugar.—Unchanged. Good arrivals. Butter.-One Now Zealand, steamer is landing 113.CC0 boxes. Negotiations for tlio purchase of the output of Australian and New Zealand butter and cheese are proceeding. It, is expected that the price of buttr will be considerably increasefi, and cheese slightly. The system of graduating tlio price of butter according, to quality will be maintained. THE METAL MARKETS. There is no change in tho ruling rates on tho metal markets. VICTORIAN PRODUCE. Bγ Telegraph-Press AesociatJon-Copyrieht * Melbourne, June 14. Barley: Chevalier, malting, se. 9d. to 6s. per bushel; Cape. 4s. 3d. to 4s. 4d. Osits, Algerian, milling, 4s. Id. to 4b. 2d.; feed, 3s. 9d. to 3s. lCd. Potatoes, £3 15s. to .£4 ss. per ton. Onions, £14 to £14 10s. per ton.

SULPHIDE CORPORATION. (Kec. June 14, 8.55 p.m.) ' London, June 13. The Sulphide Corporation has declared an interim dividend of 10 per cent.