COMMERCIAL ITEMS

Dominion, Volume 11, Issue 260, 22 July 1918, Page 8

COMMERCIAL ITEMS

: INVESTMENT SHARES. \ Saturday's quotations for investment shares were as follow;— Buyers. Sellers. £ a. <1. Ji s. d. i National Bank 515 6 — Bank N.Z. (old) 12 7 6 — Bank JT.Z. (new) 17 12 6 — i Union Bank 5615 (I - l National Jlortgago 4 16 — Well. Gas (£10) 12 0 0 ■ N.Z. Insurant's 9 18 6 — S.B. Insurance — 6 8 6 I Standard Insurance 219 — Huddart-Parker (ord.) ... — 119 6 N.Z. Shipping (pref.). 1010 0 — Well. Woollen (ord.) 7 5 0 — , Taupiii Coal 018 9 019 9 ; Westport Coal 1 10 0 Weatport-Rtookton 0 7 4 , Wflipa Colliery — 016 8 Colonial Sugar — 2112 6 I Golden Bay Cement 0 18 0 — Ti.Zi. Paper Mills 12 6 — Customs duties collected at the port of Wellington on Saturday amounted to .62397 ts. 2d. ; NELSON BROTHERS' DIVIDEND. ' Australian-New Zealand Cable Association. (Rec. July fl, 5.5 p.m.) | . London, July 19. Nelson Brothers have declared an in- ! terim • dividend of 8 per cent. : SANK OF ENGLAND RETURN. ! Australian-Xow Zealand Cable Association, j (Rec. July 20, 5.5 p.m.) ; ~ . London, July 19. | The Bank of EiitrJuud return issued for ■ the week ended Wednesday, July 17, is as | , under:— ISSUE DnunTMF.NT. Notes issued £55,36!),000 Gov. debt... fit,015,000 Other Hccurl- '■ ' Notes in ties 7,434,000 reserve 5t.591.000 Gold ... ... 65.1H1.000 i84.290.C<)0 *84.800.000 ! EIXBI.NO DKPATiTur.N'T. Proprietors' Gov. securicapital ...£14,553,000 ties ... f55,778 000 ! Public de- Other securiposits ••• 38,313,000 ties... ... 105,5-25,000 ' . Otherde- • posits — 134.793.000 .iot.es ill Ecst,7-ilay reserve ... 29,921.000 and other Coin in bilk ... 3.3-23.000 reserve ... 630.000 j XI9O.SSG.OOO jCI9O.Bi;G.COn i * The leading items of the Bank of Engi Innd return afford the following coinparij eon:Thinweek Last-week Last year £ £ £ j Bullion 65.5J1.(«10 P5.3C0.000 50.540.000 ! Heserve ... S9,fW,«)O H9.316.000 4-2,1-21001 Note Circulation 65.369.00 d 55,092.000 311.577.000 ' Fublio Deposits 38.28.0T 35.343.000 47,753.000 Other Deposits 131.793.080 1-10.419,000 1-24,711,000 Proportion of reserves to liabilities 17.10, 16.40 ]8.6: i GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Government Socurities in comparison with those luling last week:— i Sl ° ck ; !>!«r ols "j»5 a g ; 8 4]" ° 0 J 3i„N.S.WJ9M-50Mr.-Sp " : 3J , N.S.W. Early Curr. - 0 'S n J „ -N.5.W.1925 Apl.-Oct 72 10 0 7-2 0 n 4 „,Vic. 1920 Jan.-Jiily 8Y , 5 £ " " 31 „ Vic. 1921-6Jan,Juiy gg 7 I ° 3j„ Vic. 1920-1949 71 15 0 71 0 U 3 „ Vic. 1529-49 Jen.-Jly C 3 0 0! 0-2 0 0 .31„6.A.1916Jan.-Jnly 7-2 00 71 0 0 3 „ S.A. 1916 JMI.-July 57 i! 6 51; 0 0 4 „QT<ll9ls-24 Jan.-Jly 92 7 C w 0 0 , 31 „ Q'l'dlS22-47 Jan.-Jly 91 ft 0 ot 0 0 3 „ Q'l'd 192W7 Jan.-Jb 53 0 0 03 0 0 I „ N.Z. 1929 llay-Nov. ss 1 c ss 0 0 31 „N.Z. 1912-40 Jan.-Jly 73.7 fi 73 0 0 $ N.Z.-1920 April-Oct. 04 2 6 04 0 0 31 „ VTA. 1915-35My-Nv 78 0 0 76 0 0 ; 3 „ WX1915-35 My-Nov 73 0 0 72 0 0 !■ 31 „ Taa. 1920 Jan-July 72 12 0 72 0 0 ! S „ Tas 1920-40 Jan.-Jul? 60 0 0 66 0 0 '■ • *A later message states that consols haTe .

MONEY MARKET The Bank of England disoount rate on January 12, 1917, was 5J per cent. On April 5 it was reduced to 5 per cent., at which figure it has since Btood. OPES MARKET RATES. The open market discount rato for three months' bills is 3j per cent., as compared with 31 per cent, last week and 4} per cent. Inst year. Short loans are quoted at 3J per cent., as against 3J per cent, last week and <11 tier ecu!, liijl year. COIjOXTAIJ AND OTHER PRODUCE. Butter.—Market quiet. Present supplies are sufllciont for requirements, but probably t lie price will be raised 4d. per lb. before long, as tho English and Irish output declines. Cheese.—Supplies are steadily increasing, and will ullow of a distribution of 75 per cent, of the trade's July requirements next weok. 1 The terms of purchase of the Australian and New Zealand output of butter arid cheese have not been settled yet. Wheat—Quiet. Australian parcels on passage arc selling at 795. 6t1., but there is little ottering. Flour.—Fair quantities of imported flour are being distributed at 495, ?il„ ex store. Oats and Beans.—Firm, at. full rates, l'eas.—Steady. White New Zealand and Tasmanian, 565. to 60s. / Sugar—Granulated, 575. ,9d.