COMMERCIAL ITEMS

Dominion, Volume 12, Issue 1, 23 September 1918, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. On Saturday sales -were reported of Chriotchurch Gas at £5 155., and N.Z. EefriEcrating Bharce at £2 ss. The quotations were as follow.— Buyers. uellcrs. £ a. d. & a. d. Bank is.S. Wales - M 15 0 Bank N.Z. (old) 13 2 6 - Union Bank 58 10 0 58 15 0 M.iional Alortßago 4 5 0 — Well. Oas (£10) U 5 0 - Rational Insurance 3 3 0 — )S*.Z. HoFrieeratinu 2 5 0 2 6 0 Huddart-Purker (ord.) ... - 23 6 I'uioii Steam (pref.) 1 0 11 — P. and O. Def. Stock ...390 0 0 W0 0 0 Kaiapoi Woollen (ord.) ... 1 10 0 Westport Coal 110 6 111 3 Weiitport-Stocltton 0 9 0 — 'N.Z. Drug 214 3 ■ - Ostoms dnties collected at tha port of Wellington on Saturday amounted to £2£C5 19s. 2d. . WAIEAEAPA PAB-JIBBS' CO-OPEKATITE ASSOCIATION.

By Telegraph.-Spccial Correspondent. Mastorton, September 2!. The annual report .of .the Wairarapa Farmers' Co-operative Association shows a, profit for the year amountinc to £24X65. which, with the balance brought forward from last year, leaves £52,551 for distribution. From this it is proposed to. pay a dividend of 8 per cent, free from income tax, a bonus of 3 per cent, on shareholders' purchases, a bonus to manage™ and heade of departments showing a profit, a bonus of 5 per cent, to employees, a rebate of 15 per, cent, on stock commissions, and a dividend of 6 per cent, on preference shares.

BANK OF ENGLAND RETURN. Außtralinn-Xew Zealand Cable Association. London, September 20. The Bank nf F.i»fj:ind return issued for the week ended Yfednesday, 'Septemher 18, is-as under:— ISSKF. DKPABT3IENI. Notes issued £ 50,398,000 Gov.debt... £ 11,015,000 Olhei' securiNotes in ties .../... 7,434,000 reserve 3).301-00,1 Gold 70.2.;0.1»a £68.693.000 i-ea.tiOO.ooo EANEIS'O DEPABISreXT. Proprietors' Gov. securicapital- ...414,553,000 tics ... £56,568.000 Public de- Olhcrsecuripoetts —38,133,000 ti05 ...... 50.3ir.000 OUierde- : ,- < ■.' posits '... 129.056.000 Notes in Beet.7-oay reservo ... 23,301.000 and other ■ Coin in bills ... 3.521.000' reserve ... 716.0C0 £186.113,000 '. ' ' £186,162.000 Tho leading items of tho Bank of England return afford the following comparison :— • • • • This week Last week Last year Bullion 70.e00.0P0 70.0J3.C00 53.325.000 Reßorvo • ... 30.047,000 30.008.1)00 3a.508.00 1 > Note Circulation SU.aOfI.CWO 55),056.C00 40.666.000 Publio Deposits 39.183000 36.127.000 40,765.000 Other Deposits 129055000 138.924.000 123,238.000 I'io):ortion of reserves to liabilities 18.87 17.20 GOVEKNJIENT SECCRITIES. The following aro tho latest quotations lor Consols and Colonial Government Securities in comparison with those ruling last week:~ ' ;

■ MONEY MARKET. ' ' Tho Bank of England discount rate on Janunry 12, 1917, waa 5J per cent. On April 5 it was reduced to 5 per cent., at which figure it has since stood. OPEN .MARKET BATES. Tho open market discount rate for threo months' bills is 3* per cent., as compared with J} per cent, last week and 4 13-16 per cent, last year. Short loans aro quoted at 3J per cent., as against 35 per cent, last week and 4J cent, last year. OOLONIAI/ AND OTHER PRODUCE. Butter and Cheese.—Unchanged. The War Cabinet has sanctioned the purchase of the colonial output. Negotiations between the Ministry pf Food and tho Australian and Xew Zealand representatives are proceeding. SiiKar.—Unchanged. Hideß. : -6789 New Zealand hides were auctioned, and were mostly iold at late rates. Wheat and Hour-Dull. ■ Oatn.—Firm. La. Plata on spot sold at 63.1 Jd. English Peas and Benns.—Still ndrnncine. Colonial, none offering; prices nominally unchanged. ■ . THE METAL MARKETS. . Tin, £343 10s. per ton. Other metala unchanged.

(,,„„,, This Last Stock . v ,- eok Weok 21% Imperial Consols %*&% ®K% 5 „ War Loan BJ u .0 f5 jq .0 31 ..War Loan g8 15 0 88 IS 0 5i „ Aus.-Oominonw tn w I0 0 no io o 51 ,. AuB.-Comraonw'th 1O i jq 0 ioi io o 4 ,,N.S.W.VJ33Jnu-July j» 5 0 £6 S 0 31,. N.S.W.1950-E0 llr.-Sp r,D JO ° - SO 10 • 0 Jl „ N.S.W. Early Curr. .81 0 0 81 S 0 J ,,N.8.1V.1925Apl.-Oct 71 ]0 0 73 15 0 4 „ Vic. 1920 Jan.-July cjS 10 " '88 I) 0 31 „ Vic. 1921-6 Jan.-July 68 15 " 88 12 6 . 31 „ Vic. 1920-1919 7110 ° 7115 O 3 „ Vis. 1929-49 Jan.-Jly 6S 15 0 65 0 0 3J „ S.A. 1916 Jau.-.Tuly 76 5 " 75 0 0 3 ,,-S.A. 191f •la.ii.-July 50 O 0 50 0 0 4 „ Q'l'd 1915-24 Jan.-Jly 03 15 0 P3 5 0 31 „ QTdl922-47 Jan.-Jly HI is 6 01 0 O 3 ,,QTd 1922-47Jon.-Jlj 65 13 l> 65 0 0 4 ,,K.Z.lS29May-Nov. SO 3 U SO 5 0 31,. N.Z. 1912-40 Jan.-Jly -76 0 0 76 0 0 3 ,,N.Z.1920April-Oct. 67 0 0 07 5 0 31 „ W.A. 1915-35 My-Nv 78 0 0 78 0 0 ■3 ,,W.A. 1915-35My-NOT .« 0 , 0 74 5 0 31,. Tas. 1920 Jan-July 76 15 0 75 10 0 ! ,,Tas 1920-40 Jon.-Julj 66 0 0 60 U 0