COMMERCIAL ITEMS

Dominion, Volume 12, Issue 141, 10 March 1919, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. Saturday's quotations for investment shares-u-cro as follow:— Havers. Sellers. £ B. (1. £ fl. d. Bank Australasia 130 0 0 133 0 0 National llank — '52 Bank N.Z. (£1 6a. Bd.) ... 13 15 0 Ij 19 0 Bunk N.Z. (£6 13s. 4d.)... - . 18 10 0 Union Hank 54 15 0 — Union Hank Kifthtu 4 0 0 — Loan ami rifi'i'i'iiiitile ... 104 0 0 — T.-vi'i mil! ih 'TMM. (pref.) 65 0 0 — Wellington Deposit — 0 8 ' AiK'Kiiuio Gna — 1 ' J N.Z. liofriKerutins: — 214 6 .llnddart-Pai'ker lord.) ... 2 1 8 2 2 6 and O. »ef. Stock ... - 395 0 0 Weatport Coal 1 11 6 9 Waipa Colliery (c.d.) — 0 17 6 Leyla.nd-o'lirien 17 9 — Colonial Sugar (Fiji) ... — 4 , Golden Bay Cement ... — 019 6 N.Z. Drue (cum div.) ... — 213 9 Shtirland (ord. and pref.) 1 10 0 — Wairarapa. Farmers — 6 U o N.Z. Inscribed Stock ... 96 15 0 — \Tar Bonds, 1938 96 15 0 — War Bonds. 1930 96 15 0 97 10 0 LEAD. (Hoc. March 9. 5.5 p.m.) London, Marcli 7. Lead imports, 26,365 tons: experts, nil. BANK OF ENGLAND KETUIIN. Australian-New Zealand Onliln Association. (Bee. March 9. 5.5 p.m.) London. March 6. The Bank of Eiuflnnri return issued for the week ending Wednesday, March 5, is as under:— ISSBH DEPARTMENT, Notes iBBUCd £71,003.000 Gov. debt... f 11,015,000 Other securiNotes in ties 7,434,000 roservo 87.3G0-OOQ Gold 60,003,000 £08.452.000 £98.452,000 Banking Dupahtmf.xt. Pionrletors' Gov. Securlc&pltal *..£14,553,000 ties ... £69,197,000 Public de- Othcrsecurlposits ... 25.702,000 ties 81,731,000 Other doposits ...128,732.000 Notes in Rost,7-doy reserve ••• 27,360,000 and othor Coin in bills ... 3.553.000 reserve ... 1.249,000 £172,540,000 £172,510.000 The leading Itomß of the Bank of England roturn afford tho following comparison:— , . This week Last ivcek Laps year £ £ £ Rnliinn 80.003.C03 80.450.000 59.M3.000 Reserve ... 26.609.000 20.743.000 39.094.000 Nolo Circulation 71.002.00 i) 70,336.000 47.501.000 pSblio Deposits 25,702.000 25.824.000 41.022-000 Other Deposits 1J8.732.000 119,170.000 137.715.000 Proportion of reserves to liabilities 18.55 20.51 17.31 GOVERNMENT' SECURITIES. Tho following are the latest quotations for Oonsolß and .Colonial Government Securities ip comparison with those ruling last week:—

_. , This Last Stock vfook w eo k tj% Imperial Consols j 9 B g 6 „ War Loan B5 0 0 04 17 9 35 „ War Loan 88 0 0 67 12 6 6} „ Auß.-Oomnionw th ioo 7 6 100 7 0 6j „ Aui.-Oonuuonw ih 1() g 0 0 100 0 0 i „K.S.W.I») Jan-July 1T B s8 0 0 M.a.w.19i0-50 Ja-Jy 75 a 6 T6 0 0 i „ N.a.W. liis Apl.-Ocl, 7310 0 73 10 0 « „ Vic. mOJan.-J uly 03 7 6 93 7 6 Si „ Tic. 1921-6 JjUL-Jnly 59 ia 6 80 12 6 34,, Vic. 1920-1949 71 0 0 75 14 6 3 „ Vic. 1929-49 Jan.-Jly 66 15 0 66 15 0 3i'„B.A. 1916 Jan.-July 7617 6 17 r, 0 3 „ S.A. 1916 Jo.D.-July 68 7 6 S8 IT 6 4 „QTd 1915-24 Jan.-Jly 03 12 6 03 12 8 34 „ Q'l'dl922-47 Jan.-Jly GO 0 0 60 0 0 3 „ Q'l'd 1522-47 Jan.-Jlj 66 0 0 B I 6 4 „ N.Z. 1929 May-Nov. 60 7 6 69 7 6 3i„ N.Z. 1912-40 Jan.-Jly 77 10 0 77 10 0 3 „ N-Z. 1920 April-Oct. 67 10 0 63 7 6 3g „ W.A. 1915-35 My-Nv 81 U 0 to 10 0 3 „ W.A. 1915-35 My-Nov 75 7 6 71 10 0 31 „ Ta«. 1920 Jan-July 74 5 0 77 12 6 3 „ Tas 1920-40 Jan.-Julj 71 0 0 71 0 Q

MONEY MARKET. The Bank of England diEcount rato on January 12, 1917, was 51 per cent. On April 5 it waß reduced to 5 per cent., at which figure it has sinco stood. OPEN MARKET RATES. No figures cabled. Tho discount rate for three monthß bills was 3J per cent, last week, as compared with 4 per c«nt. the week before, and 85s. 3d.; landed, 80s. Short loans were Quoted at 3} per cent, last week as against 3J per cent, the week before, and 31 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat.-O.uiet; a fair quantity. Australian parcels were sold at 84s. Sd. and 85b. 3d.; landed 80s. Flour.—None offering. Oats. Peas, and Beans.—Slow, and unchanged. Sugar.—Unchanged. Butter.— Unchanged. The present distribution included a considerable quantity of unmixed New Zealand butter. MINING NEWS WELLINGTON SHAKE MAKKET. The quotations on Saturday for mining: shares were as under;— Buyers. Sellers. £ s. d. £.b. d. Talisman — 0 9 0 Waihi 2 3 3 - Grand Junction .. 0 12'9 — CUSTOMS REVENUE. Customs duties collected at the port of Wellington on Saturday amounted to £4212 6s. 2d. TALISMAN CONSOLIDATED.. By Telegraph—Press Association. Auckland, March 8. During tha month of February the Talisman Consolidated, Ltd., crushed and treated 760 tons, yielding bullion valued at £6056 16s. Jd. The total espendituro was j £3839. I • MURRAY CREEK.

Tho following l is extracted from tile report oi the mino manager of Murray Creek Gold Mining Company, Ltd., for tha month of February"No. 4 leiel: A stopo iraJ opened ion tho stone cut north in thin lovel. Thiß atone is n'bout 25 feet in length, and from 2 to 3 feet in width. The intermediate level from the south stones has been extended 16 feet, on a. reef 5 feet wido, and. is still continuing, showing that there is every prospect of the atone joins down to No. 4 level. The south stones are Bhowine faces from 4 to 6 feet wide. At this end of tho mine wo are working two lines of reef, divided by about 12 feet of mullock-. As the workings extend Jsouth those two reefH appear to be coming together. North end: The stono haß now been proved for a distance of 60 feet, vith Teef from 3 to 4 feet in width. Ho. 3 level: The north face is showing a reef- 7 feet in width. South from this a distanco of 1(X) feot the reef in tho stopes .has narrowe_d down to 2 foot. Labour is still scarce, and It is difficult to keep up tho-output and at tho Bame time develop tho mine. During the month tho battery crushed 1030 tons of quartz i for a gross return valued at £2057.