OMMERCIAL ITEMS

Dominion, Volume 11, Issue 265, 29 July 1918, Page 8

OMMERCIAL ITEMS

j'-. INVESTMENT SHARKS, i * A tale of National Hank shares at £6 : waa reported on Saturday. The quotations were sa follow:— Buyers, tellers. S, s. rl. £ a. d. Bank- Australasia 121 10 0 ' ~ Rational Bank — ' ° . « ; Bank K.Z. (old) 12 11) 0' 13.14 0

Bank N. 7,. (new) 17 12 6 1717 C Union Bunk 58 0 0 National Mortgage 4 16 - N.Z. Insurance — 10 2 6 S.B. Insurant-it — 610 0 Standard lusuranco 2 2 0 — Auckland Trams ' 0 19 3 — N.Z. Shipping (pref.) ....- 10 10 0 - Union Steam (pref.) 10 9 — V. and O. Def. Stock ... 321 0 0 - Kniapoi Woollen («rd.) ... 7 5 0 — Ounmru Woollen' 1 It 0 — Well, Woollen (pref.) ... 7 5 0 - Taupiri Coal 019 0 - Wcstpari-StocMoii 0 7 6 - Waipa Colliery — ' 016 6 l.o.vli'.nd-o'Nrien - 17!) 'J'nrliiiritnuitu-Totara — 10 6 Colonial Sugar — 21 15 0 Golden Bav Cement 0 IS C N!Z. Paper Mills 12 6 13 0 Customs duties collected at tlie port of WelliiiKtoii on Saturday amounted to £1171 16s, sd. HANK OF ENGLAND RETURN. Australian-New 'Zealand Cable Association. (Keo. July 27, 5.5 p.m.). London, July 26. The Bank or England return issued for tho week ended Wednesday, July 24, is as under :— hrvr. DiiPAitTiiKNT. Xotes issued i'63.7-i;i.tW Gov. debt... .£11,015.000 Oilier securiNotes in lies ■ 7,-131,000 reserve 3!1.mv(103 Cold 6li.4Hi.uaO i-Si.te.M AS4.OSB.OGO IiANKiKo l)i:pAaTMi::,'T. Proprietors' Gov.socuri. capital ...-CH.533.CC0 „ ties ... £56.003.000 Public do- Other sectiriposits ... 34.675.01 X) tics 103,530.000 Oilier deposits ...136.tfW.<3K> >-ot«9 m Rest, 7-day reserve ... 29,195.000 and other Coin in bills ... 3.211.000 rcaiTVß ... 030.000 i-150.138.0C0 J160.135.000 The leading items of tlio Bank of England return afford the following comparison :- I'liis week Last week Last yoar £ £ £■ Bullion 66,180.000 63.8U.0C3 50,518.000 Reserve ... 30,815.00-1 29,680,000 31.84-2.C00 Note Circulation 56.743.000 65.i1tii1.000 30,736.000 Public! Deposits 31,076.0(0 88.21'J.Ott) 4G.1i15.00U Other Deposits 136,61)9.000 131,708.000 1-26.610.000 Proportion of reserves to liabilities 17.41 17.10 18.35 ! GOVERNMENT SECURITIES. Tlte followinc are tlie latest quotations lor Consols, and Colonial Government Securities in comparison with .those luting last week -.— '

MONEY MARKET T'ue Bank of England discount rate on January ' 12, 191'/, was 5i per cent. On April 6 it was reduced to 6 per cent., at nhiuL figure it lias since stood. OPEN KAB.KET RATES. The open market discount rate for three months' bills is 3J per cent., as compared with 3k per cent, last'week and 4H per cent, last year. Short loans are quoted at 3> per cent., as against 5j per cent, last week and 4i per cent. last year. . COLONIAL AND OTHER PRODUCE. Wheat—Unchanged; further sales were made on passage parcels arriving, at 795. 6d. Flour-Firm; a quantity of Australian and Chinese sold at 495. 9(1. ex store. . Oats, peas and bcanß-Flrin at late rates. Sugar—Unchanged. Butter—The position is unchanged. Cheese—The distribution amounts to 50 per cent, of the July requirements. The retail price of Government cheese has been raised to 20d. per lb. Tho reason is not stated, but it is probably because the farmers' price for Britiflh-ntade cheeso has been raised to 20d. per lb, as from August 1.

MINING NEWS WELLINGTON SHARE MARKET. The quotations' on Saturday for mining shares were as under:— Buyers. Sellers. £ «. d. £ s. «. Jfount Lyell 19 6 - Talisman — 0 9 6 Waihi 119 3 3 0 0 Clraud Junction 0 12 9 — Wesliand Uold 15 0 —■• LONDON SHARE MARKET. Australian-New Zealand Cable ABBOciatlon. (Rcc. July 28, 5.5 p.m.) London, July 27. ■\Vaihi shares—Buyers, i'6t. Gd.; sellers, 395. M.. ______„__

_. , TMb I r.ajt " l01 * IVook Week 777, T £ 9, a, ±- s, ri, 2i% Imperial Consols jij 50 56 0 0 5 „ War Loan <u 2 6 M> 15 0 3i,. War Loan 8S S t 68 10 0 4 „N.S.W.1533Jan-Jnly 8J 0 (l mm 0 3i „ N.S.W.1930-50 Mr.-»P JCO 10 0 10015 0 3i„ N.S.W. Early Curr. 70 0 0 en is 1) 2 „N.S.\V.1925Apl.-Oet V) 0 0 72 10 0 4 „ Vic. 1930 Jan.-July C7 10 0 07 16 0 II „ Vie. 1921-6 Jan.-July 88 7 6 (II ( 3J „ Vic. 1S20-1949 71 15 0 71 15 0 3 „ Vic. 1929-49 Jail.-Jly tij 0 (I MOD 31 ,.S.A. 1916 Jan.-July 74 0 0 72 0 n 3 „ S.A. 1916 Joai.-July 57 7 B 57 2 6 4 „QTd 1915-24 Jan.-Jly Pi 10 0 91 7 8 3J„QTdl522-47 Jan.-Jly 73 15 0 71 I) 0 3 ,. QTd 1922-47 Jan.-Jlj 65 1'.! 6 El 1 t 4 „N.Z.1329May-N"ov. 69 i 11 68 2 8 3} „ N.Z. 1912-40 Jan.-Jly 73 7 6 73 7 0 3 „ N-Z, 1S20 April-Oct. 64 2 6 W 2 6 3j„Vi r .A. 1915-35 My-Nv 78 10 0 7S 0 0 3 „W.A. 1915-35 Hy-Mor ™ S 0 73 0 0 3> „ Tas. 1920 Jan-July "10 0 72 12 6 3 ,. Tas 1920-40 Jan.-Julj 68 0 0 66 O 0