COMMERCIAL ITEMS

Dominion, Volume 12, Issue 129, 25 February 1919, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES.. A sale of Inscribed Stock (1938) at £97 was reported: yesterday. , The quotations wore as follow:- i _„ .. Buyers. hellers. £s. d. £s. d. National Bank ............... 617 J 70 0 Bank N.Z. (£3 6s. Bd. pd.) li 16 0 ~ ■fiank N.Z. (£6 13b. «) - « I \ . 18 10 0 Union Bank Fractions ... « — Kauitable 8ui1ding.......... 9? <0 - - Metropolitan Building ... 11 ft 0 - National Mirtgage 4 1® ~ Loan and Mercantile ... 65 0 Q — Trust and Loan 5 13 0 , "li!'' illi I'-'llOSit — .0 8 6Well. Gn-S (£10) 1110 0 - Well. Gaa (prof.) ■ 0 17 6 - National Insuranco 3 11.0 S.B. Insurance : 78 0 80 0 K.Z. Kefrigcrating —. z 16 0 Mest Export (£4 fd.) ... 40 0 - Meat Export (£2 12s. 6d.) 2 11 0 Au/'kland Trams (nref.) 016 9 . - HuddartrParker (ord.) ... 1,18 9 119 6 Union Steam (pref.) ...... 1 1.3 — P. and O, Def. Stock ... 390 0 0 398 0.0 Westport Coal 111 3 — Waipa Colliery •....•..■••••• - J" ® Kaiiri Timber (155.) 0 15 6 0 16 0 Leyland-O'Brien Timber 17 9 — Tarinffamutu-Totam ... 1 0 0 — Colonial Sugar (Aust.) ... 23 10. 0 - Golden Bay Cement ■ 0 18 9 - N.Z. Piper Mills 12 4 12 9 and Co. (ord. ■ and pref.) 1 10 0 — Wilson's N.Z. -1 Cement 0 15 0 Inscribed Sfock (1938) ... - ' 97 0 0 War Bonds (193f" 96 15 0 . — :War Bonds (1930) 96 15 0 ' CUSTOMS EEYENUE. Ciiftomg. duties collected at the,-porFof Wellington yeßterday vf to 12s- 7d.. "fJA.VK OF ENG'LANT) RETURN. AUBtTalißn-Uew Jiealaud Cable Association. , London, February'2o. The Rank fwied f";. the week ending Wednesday, February 19, ig. as under:— I6BTK DKPAHTMRNT.. Notes ia«ue'd £60,560.000 fioy.dobt... f11,013.000 • Otber fiecimMotea in • ties 7,434.000 reaervo 29.511-000 Gold 80.655.000 £'99.101.000 i'OO.ICiOM BANKINR Dbpammknt. ' Fiopiietovs 1 1 Cot. Sacuri- ; -capiial ...£W,553,000 tie# ... i 52, Public do- Otber secunposits ... 80,680,000 tics 81,147,000 :Other do- • -•«.'» • '; .posits '118,333.000 , in Bcfct; 7-dny „ rasorvo ... 2!UH,000 flinl otlior Coin in bills : ... 3.-468.000 resorve ... I.l08.q» £167,034,000 £167.031.003 The leading items of the Bank of England return afford the following compari11011' Ihisweek Last week Last year £ £ £ nnlltAit 80.653.000 50.510.c00 57.430.000 ! ... 50.fi52.0f10 .30,236.000 80.714.C0T \'ni>rfrcnlation 69.560.000 b9.833.00ii 4J.207.C00 Pn Mic Dm" ta 30.660-000 28,158.000 38.562.00(1 Otte Deposits 118.333.000 120.018.000 131.679.000 proportion of Sities". 20-07 ' sa» «M» . OOTEP.NMENT BECUIUTIEB. ■ The'.'foUowing are the latest Quotations for Consols and Colonial Government Securities in comparison with those ruling ' last week,

MONEY MARKET. . The Bank of England discount rate on January 12, -1917, was 51 .per ccnt. On April 5 it was reduced to 5 per cent.; at wuich fie:ura it has since stood. OPEN MARKET RATES. Tlio discount' rate for three months' bills is 3i per ccnt., as compared with 3J per. cent. last iveck, and 3is per ccnt.; . last year. ' ■ Short loans are quoted at 3j per cent., as against Si per cent, last week, and 3,\ per icjjt. last year.

: COLONIAL AND 6l'ilEß PRODUCE. ' Buttar.—Unchanged. The arrivals are inEuftlcient to allow an increase of the ration at present. , , ' • ' , • Ciiccse.—Tho position Is steadily lmprov"wheat and Flour.-Cjuiet.Np'Australian offering. ' Oats.-Quiet, La Plata, on spot, 625. 6d. to 635. 6d. Peas—Tending to bo easier. - Beans.—Dull-and unchanged. Sugar—Unchanged.

LONDON STOCK EXCHANGE. London, February 21. The following prices arc quoted oil the London Stock Exchange-.-Broken Hill, buyers 675., sellers 689.; Briseis, buyers <s. 6d„ sellers ss. €d.;. Mount Lyeli, buyers 235. 6d., sellers 24a. 6d.; Boulder, buyers 125., sellers, 12s. 6d.; Ivanlios. buyers 355„ sellers 375. 6(1.; 1). nnd 0.,,£417; Waihi. buyers 40s„ sellers 425. 6d. AUSTRALIAN BUTTER PIUOE. Melbourne, February 24. The wholesale price of butter lias increased to .£9 6s. Bd. per ewt. • NELSON BROTHERS DIVIDEND. London, February 21. Nelson Brothers, Ltd., have doAnred ,1 dividend for the year of 10 per cent, free'of tax. STOOK EXCHANGE. By Teiegraph-i'ress Association Dunedln. February 24. Salcß.—Union Bank (fractional rights), 455.; Huddart-Parker,, 395. 2d., 395, 2d.; National Mortgage, 90s. NATIONAL BANK OF NEW ZEALAND, LTD. In order to draw still closer the connection which has existed for many years between the National Bank of New Zealand, Limited, and Lloyds. Bank, Limited, as their London bankers, the latter have arranged to subscribe for 50, CM shareß, part of a new issue of 100,000 shares which will shortly be made by the former institution. At the same time one of the directors of Lloyds Bank, Limited, will join the board of the National Bank of New

Zealand, Limited. This will not, however, involve any change in the management of that bank, -which will continue as heretofore. The completion of the new issuo will bring the subscribed cnpital of the National Bank' of New Zealand, Limited, up to £1,003,000, and its published reservo fund up to the same amount.

METIiOPOWTAN BUILDING SOCIETY. Tho twenty-eighth annual report of the Metropolitan Permanent JJuildiug and Investment Society recommends tliat tho usual distribution of profits at tho rate of 7 per cent, per annum be made, and that a further sum of £1000 be adSed to the reserve fund, which will then Bt-and at £14,000. During the year the directors invested £ICCO in New Zealand Government War Bonds. The profits for the year (including a balance of £670 10s, sd. brought forward from last year) amount to £5837 ss.' 9d.; less expenses account, -£705 7d.; leaving a not profit of £5131 9s. 2d.; less interim dividend for six months ending August, 1918, £1050: leaving a balance of £4081 9s. 2d., which it is proposed to appropriate as follows:—To credit holders "B" investment shares at 7 per cent., for twelve months ending February 15, 1919, £1101 2s. 3d.; to payment of dividend at l\ per cent, for six months ending February 15. 1919, to holders of "A" £10 shares. £1050; to reserve fund, £1000; total, £3151 2s. 2d.; to carry forward to next year, £930 6s! Ud. ' mlning^news WELLINGTON SHAKE MAItKET. Tho (luotations yesterday for mining shares were as under:— Buyers. Sellers. £s. d. .£s. d. Talisman 0 10 0 0 10 i Waihi 2 4 0 2 4 6 junction 0 13 0 0 13 6

This Last . j-. Stock Week "Week ■ S> (1i £ St (1» ■ : IJ% Imperial Consols Jb 0 6 &9 b 0 6 „ War I/oau w 17 6 t5 6 U ' 31 „ \V»r Loan ' 67 12 fi 67 10 I) 61 Am.-Oommonwtn 100 7 <i 1U0 7 6 . 51 lp Aus.-Oommonw tli jnoiO 0 100 0 0 .'•4 „ N.S.W.19J3J&n-July SG 0 u 85 7 B 3j, H.B.W.1930-50 Ja-Jy k g g 76 0 0 S 'N.H.W.l® Apl.-Oot 73 ]o '(l 73 10 0' : 4 „ Vic.1920 Jan.-July 'i)3 7 0 i)8 7 li Ji.,'Viol 1921-6'Jan.Jul.v ag 12 C 6910 034 „ Vic. 1920-1949 , 73 li ti 75, 5 0 3 „ Vic. 1929-19 Jan.-Jly '66 15 0 C615 0 3J„S.A.1916J;W-Jllly 77 5 0 77 12 6 3 „ S.A. 1916 W.-July 58 17 0 68 32 C 4 „ Q'l'fl 1915-24 .Jan.-Jly 0312 6 (B 12 6 31 „ t)Tdl9"2-47 Jan.-Jly CO O 0 110 U O 3 „ Q'l'd 1922-47 Jan.-Jlj 7 (i 66 0 0 4 „ N.Z. 1929 Uay-iNov. .69 7 15 60 7 H : 31 „ N.Z. 1912-40 JBU.-Jly 77 10 0 77 15 0 • 3 „ M-Z. 1920 April-Oct. 03 7 6 69 7 B 31 „\V.A. 1515-35 Jty-NV' E0U>:0 810 0 3 ,, W.A. 1915-35 My-Nov '■ 74 10 0 1 i U 0 3} „ Taa. 1920 Jan-July 7' 1'- 6 77 12 (1 3 „ Tas Jan.-Julj 71 U a 71 0 J _J ;