COMMERCIAL ITEMS

Dominion, Volume 12, Issue 276, 18 August 1919, Page 10

COMMERCIAL ITEMS

investment; shares. A sale of National JJfortgaeo shares at £5 10s. vaiß made on 'Change on Saturday. The quotations were ad follow:— Buyers. Sellers. £ a. d. £ e. d. Bank Australasia, 128 0 0 - National Bank - (II I Bank N.Z. (£5 6b. Bd.) .... - 14 12 6 Bank N.Z. (£6 13b. 4(1.)... - 1212 6 Equitable Building 9 0 0 - National Mortgage 5 8 0 — Well. Investment 0 10 5 - Wei. Trust and Loan ... 6 17 0 — Christchurch Gas 6 6 0 — Well. Gas (£10) It 0 0 Standard Insurance 217 a — Canterbury Meat 11 10 0 — N.Z. Itefrißcrating 4 9 6 4 11 0 HuddartParkcr (ord.) ... 2 7 0 ! I( P. and 0. Def. Stock HO 0 0 535 0 0 Kaiapoi Woollen 8 5 0 - Waipa Colliery - 016 0 Westport Goal 18 3 19 0 Kauri Timber (155.) - 016 0 Leyland-O'Uricn Timber 17 9 - T&ranghnatu Totara ... — 110 Manning and Co 3 10 C - Ward and Co. 5 2 0 5 5 0 Inscribed Stock 96 2 4 - W-ar Donds (ISM) 96 2 6 - War Bonds (19J8) 95 0 0 96 5 0 LONDON WOOL SAMS. The Bunk of New Zealand I'as received the following advice from the London Office, under date August JZ:—"The sales have opened with moderate competition and a fair attendance of buyers. Thero ia an active demand by Continental Iro.vers, but Home bnyerß are «u et. Tlio market ia strong for flue croasbreds, for which prices are from par to 5 per cent, liigher. For all other wool there is no quotable change." Messrs. Levin and Co., Ltd., have received the following cablegram from London, dated August 12:-"As compared with July closing rates the present oponiiiK pales show fine orosslnxds five per cent, dearer, other descriptions unchanged. OUSTOMB HEVEN'tJB. Customs revenue collected at the port of Wellington on Saturday amounted to JE1963 16b. 10d. ........ P. AND O. SHARES. Anstralian-New Zealand Cable AMOoiatlon. IKec. August 17, 5.5 p.m.) London, August 14. P. and O. deferred etock, £665,

BANK OF ENGLAND BETTJRN. (Hec. August 17. 5.5 p.m.) London, August 14. The Hank of England return for the week ended August 13 ib as follows :- Isr'jk Dkwhtmunt, Notes issued 170.V23.0C0 Gov. .10bt... 111,015,000 ". OHwr securiI Notes in ti=a 7,434.000 rcservo 21.697.0QU Gold 86,171.000 i'lCl.ffiO.OOJ £101.020.000 Banking Department. Proprietors' Gov. securicnpital ...£11.053,000 tics ... £21,390000 Public do- Oilier socuriposits ... 2-2,455,000 ties 81.533.000 Oilier deposits ... 59,158,000 Notes in Best, 7-dny reserve ... 21,897,000 and oilier Coin in bills ... 8,161.000 reserve ... 2,117,000 1129,027,000 £129,627.000 Tho leading items of tho Bank of England return afford tho following comparison :— This week Last week Last year £ £ £ Bullion 80.ni.tTO 86.150.000 67.551.000 Reserve ... 27.UH.000 26.631.U10 29.093.00u Note Circulation 79.723,000 SO.ISB.OCO OIUOI.OOO Public Deposits 22.455.000 22.935.0C0 34,076.000 Oilier Deposits fc9.108.000 00,345.000 137.726.000 Proportion o[ reserves to ' liabilities 21-2 21.69 17.45 GOVERNMENT SECURITIES. Following are latest quotations for Im- j pcrial and Colonial Government securities:

MONEY MABICET. The Bank of England discount rate on January 12, 1917, was 5J per cent. On April j> it was reduced to 5 per cent., at which figure it has since stood. OPEN MASKEW RATES. The open market discount rate for three months' hills is 35 per cent., aa compared with 38 per cent, last week,- and 43 per cent. Ja»t year. Short loans are quoted at 3} per cent., ae against 3J per cent, last week, and 3J per oent. last year. COLONIAL AND OTHER PEODUCR Wheat.—The market ia auiet, little offering. i-'iour— Unchanged. Oats, Poas, and Beans.—Steady; prices unchanged. Sugar.—Unchanged.

£.,„,. This Cast &tock . Week Week lb% Imperial Console &*'„$ s ,h^ 6 . War Loan f, "■ 8 « «,. War Loan K ' J « J « .Bi,,AuB.-Commonw'th ™ £ o inn n n 31,.i?.S.W.19J0-5pja-Jy ?g 3 o . J 1 ,.N.3.W.lSSApl-Oct 63 JO 0 m<0 0 « ..Vic. 1920 Jan.-July || q §3 in 0 JJ,,Yio. 1921-6 Jan.-July $ 0 0 89 0 0 31., Vic. 1920-1549 7? 5 0 71 ° 0 3 . i "^^ 1 , ? o 1 , 6 / 1 1 a "- 1 T Ul ? r "«° "IS 0 J „ 8.A. 1916 Jojj.-July mi 15 0 so 0 0 4 ,,QT41915-24 Jan.-Jlj mo 0 m 10 0 J4,.QTcll922-47Jan.-JIy CO 17 0 ftj 0 0 3 ,,QTd 1922-47 Jan.-Jlj o3 10 0 C3 0 0 „ N.Z. 1929 May-Nov. 66 15 U 87 0 0 3J „ Xf.55.1912-40 Jwi.-Jly 72 17 6 7< 15 0 3 ,,N.Z. 1920Aprii-Oot. Mir, 0 f,5 0 0 l\ „ ¥Jl. 1915-35 My-Nv 78 0 0 70 3 6 4 „ W.A.. 1915-35 Mr-JTov 73 0 0 71 (I 0 55 „ Tae. 1920 Jan-July 73 0 0 73 16 0 A ..Tasl92ll-<0Jen.-Julj 70 0 C 70 0 0