COMMERCIAL ITEMS MINING NEWS

Dominion, Volume 12, Issue 22, 21 October 1918, Page 8

COMMERCIAL ITEMS

MINING NEWS

INVESTMENT SHAKES. Saturday's quotations for investment shares were ae follow:— Buyori. Sellers. ' £ 8. d. £s. d. Dank N.Z. (new) 13 7 0 — Bank N.Z. '(old) - 1810 0 National Mortgage 47 <i . .— Well. Gas (£10). - 1115 0 Well. Gas (pref.) — 0 18 0 National Insurance — ,396 i\\Z. Insurance 1C 11 0 — S.B. Insurance — 615 0 Huddart-Parker (ord.) 2 0 0 2 0 9 Hnddart-Pavker (pref.) ... 1 0 4 — P. and O. clef, stock ... - 410 0 0 Vent port Coal 1 11 6 - Westport-Stockton - 0 9 0 Waipa Collieries 0 16 0 — Kauri Timber Ms.) 19 9 - Leyland-O'Brien 17 6 — Sharland (ord.) 19 0 — Wilson's' Cement — 016 0 Customs. duiies collected at the port of Wellington ■n Saturday amounted to £3610 14b. 7d. SHAKIjAND AND COMPACT, LTD. Tho twentieth annual report of Messrs. Sharland and Co. states that for the year ended August 31 there wae a considerable increase in the business of the company, and consequent larger profits. After making provision for all bad and doubtful debts, full depreciation of premises and plant, and payment of interim dividend, thore roraains a balance of £15.082 17s. 6d.. including £4114 os. 4d. brought forward from last year's Account. The reserve fund wae increased on March 31 by £16C0 surplus above hook value recyved oft sale of Willeaton Street premises, and the directors have now added £3400 from the foregoing profits, making the fund up to £50X00, leaving £11,682 17s. M. to be dealt with. They recommend appropriation as follow:—In payment of dividend % per cent, for the year. le(s interim dividend of 33 per cent, paid .May 1. JE2812 10a.; in payment of special dividend of 6d. per share from profits earned by reserve fund. £1875; to carry forward to next, year's account, £6955 fs. Bd.: total, £11.682 17s. Bd. A Ruhuoription of £45M was made to the 1918 War Loan, makin? the comtwny's holdinp £95C0. of which £8575 was paid iid at balance, 'date. The directors have acknowledged by suitable remuneration and bonne the excellent work performed by tho secretary, managers., and staff during the year. Allowances to members of tho stpff on military service have been maintained. The retiring director is Mr. W. Watson, who offers himself for re-election.

BANK OF ENGLAND RETURN. Australinn-Nsv- Sieoland Cable Association. (Kec. October 19, 5.5 p.m.) London, Ootober 18. Thn''Ri>iili or TlihriiiiKl rHurn issued, for the week ended Wedncsdar, October 16, is as under:— IfsrF. Dkfabtuekt. Notes issued £62,787.01)0 Gov.debt... £ 11,013.000 Other necuriNotes in ties 7,434.000 rceervo 23.034-003 Cold 73.435,000 i fBO.BS-i.OOO i 90.884.000 Basking Depahtjiexi. PtoprietoiE" Gov. securicapitn] ...i'14,1J53,000 ties ... £60,265.000 Public de- Other secuiirosils ...34.253,000 tins 05,617,000 Oihcr (is* i:osits ... 133.605,000 Notes in Ee6t.7-aay resurvo ... 23,084.000 undothor Coin in bills ■■ ... 3.056.000 reserve ... 566.000 £185,533,003 £135,532.000 The leading items of the Bank of Eneland return afford the following comparison :- This week La6tweek tasiyear £ £ £ Bullion 72.433.180 73.323.000 53.834.000 Eesen-e ... 26,<i80.000 ; 28.763,000 ifi.846.000 Noto Circulation 6-2.7G6.00j 62.708.000 41,639.000 Public Doposits 34,258.000 28.323.000 W.733JXJO Other Deiiosits 133.E65.0a0 137-SSo-00J 132.050.00 Proportion df reEervesto liabilities 17.06 17.33 . . GOYEENMENT BECOBITIEB. The followlnc are the latest quotations lor Consols and Colonial Government Securities in comparison with those ruling last week:—

i '''' MONEY MABKET. The Bank of England'discount, rate on January'l2, .1917, was 5j per cent. On April o it was reduced to 5 per ccnt., at which figure it has since stood. OPEN MARKET BATES.' The opeji market discount rate for three months' bills is 31 per cent., as compared with' 3j per cent, last, week and 43 per cent, last year. Short lc-anß aro quoted at, 3} per cent., as against 3} per cent, last week and 45 cent, last year. COLONIAL AND OTHER PRODUCE. Butter.—Supplies are very scarce. Cheese.—lt is understood that the purchase price of the Australian exportable surplus waß lOJd. f.o.b. Supplies of cheese here are plentiful. Wheat.—The market is quiet,. Flour.—There is no outstanding change in price to report. < Oats.—Business is quiet. Beans and Peas.—The market is dull, but prices for English grown aro slightly easier. Sugar.—There is no change in prices.

. WELLINGTON share makket. On Saturday only one quotation was recorded in the mining market as under:— Buyers. Sellers. £ s. d. £ s. d. M r nihi 2 2 6 2 3 3 BIG MINING DEAL. A London cablegram to the Sydney "Sun" states that Mr. H. C. Hoover, manuring director of the Bnrnwh Corpor?tinn, Ltd., acting on behalf of the shareholders, lias completed arrangements for the sale of the company's interest to a powerful English Rrunn. The terms have no( been disclosed. ("This corporation ivas known in the financial world as the larsrest mining venMire in the For East. Thouch it v.'PS reiisfered in London it? shareholders fc°lomrcd to various narts of, world. The corporation hud an authorised car>itfl r.t- .-Cl.WCfrt. in £1 «hr-»CB. "f '"'"Ch 963.749 shores had been issued. Of this number P?l.0?9 were paid-nn to 20?.. and I'S.STO to Us. The Bi"'mr.h Cirp"i-aMon he'd ."'<ort II per cent. inter"'', in th" Burm.ah Silvrlerd' and Ttuhy Mines. The latest nrice oahled from London was £4 10s. for the fully-paid-up shares.]

„, , This Last ~ lo <k Y.'eek Week i „ X.S.W.1S33 Jan-July Sis! 2 25 ig 2 oi, l\ T .S.W.1930-50Ja-Jy S I I it n n J , W.d.W.li25Ayl,Out i: 5 2 S 3i,, Vic. 1921-6 Jan..Jn!.v .S S S 'g S 3i „ Vic. 1520-1949 ■ ■ :« , X njlOU 3 „ Vic. 1929-49 .Ton.-Jly 67 5 0 "Bβ 17 6 3J,,e.A. 1916Jan-July 7615 0 76 5 U i ,, S.A. 1916 JOiU.-JulY « n g en a> n 3 „ Q'l'd 1922-47 Jan.-Jb 6515 0 65 II) 0 n " v^K"^ 0 !'- " !6 " 17 6 6<J 5 ° Jl..N..Z.l912.«Jap.-Jly 77 17-6 77 6.0 3',,N.Z.1920Apnl-Oct. 67 12 6 6712 6 3i „ W.A. 1515-35 My-Nv 78 12 6 78 0 0 3 „ W.A. 1915-35 My-Kov ' 73 12 6 73 10 0 3* ,,Ta.s. 1920,1 an-iTuly . 77 0 0 76 5 0 3 ,,Tasl920-!OJau,-Julj 66 0' 0 66 0 0