COMMERCIAL ITEMS

Dominion, Volume 13, Issue 14, 11 October 1919, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. A 6ale of New Zealand Insurance sharcß at 335. 9d. was made on 'Change yesterday. Tho quotations wero as follow:— liuyers. Sellers. £ b. d. £ s. it. Rank Australasia ...' 127 15 U — National Bank » — 6 9 6 Bank N.Z — . 15 0 0 Bank N.Z. (£6 13s. 4d.) ... 18 15 0 19 2 6 Union Bank 60 10 0 — Equitable Building 9 2 6 — Metropolitan Building ... 1110 0 — Well. Investment 0 10 6 National Ineuranco ' — 4 4 0 N.Z. Insurance — 114 0 South British Insurance — 9 8 0 Huddart-Parker (ord.) ... — 2 6 6 U.S.S. Co. (pref.) 112 P. and O. Def. Stock — 610 0 0 Kaiapoi Woollen 810 0 — Well,. Woollen (ord.) B 16 0 Westport Ooal 110 3 — Kauri Timber 0 15 4 — Leyland-O'Brien Timber 18 0 Golden Bay Cement — 10 0 Ward and Co 5 6 0 Wilson Cement 0 15 6 0 16 0 Inscribed Stock — 9512 6 5 p.c. P.O. Bonds (1929) ... - 98 0 0 CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday amounted to £3665 3s. sd. • HIDES AND TALLOW. Tho New Zealand Farmers' Co-op. Distributing Co., Ltd., report as under:— Hides.—After a delay of some two months the-auotiona were again resumed yesterday. According to arrangements made by the Board of Trado, tanners wero permitted to select for their requirements 60 per cent, of any of the lots as far as hides wore c&nceriud, and the whole of the' calfskins in most cases. Tanners availed themselves of the full 'opportunities given them to obtain both rides and calfskins at tho Qoverumont schedule rates, the balance of tho catalogues being subsequently submitted to. unction. For this competition was excited, and very keen competition,on the j-art cf exporters, and all lines .were cleared at very , considerable advances on the Government schedule of prices. In the case of some ox hides sold under tho Government schedule at lid., aB much as Ib. lOd. was. obtained in auction .for export purposes. Calfskins were also in very keen 'request, many of the cut and Blippy lines realising as much or more than the sound lines, which were taken by tanners at the Government schedule. i Tallo.v.—Buyers: were well represented, and competition Jwas fairly keen. 'Kost of the catalogues were cleared'at fairly high rates, eomparod with those ruling at the last auction held. TALLOW. Messrs. Dalgety and Co., Ltd., received the following cablegram from their London office yesterday;—'"Tallow market firmer, especially for medium and inferior qualities. There is 110 demand for mutton. Thero will be no public sales held this week." . VICTORIAN PRODUCE PRICES. By Teleeraph—Prefla A l :*- 'tat.ion—Qopyrlsrht Melbourne, October 10. Hides unchanged, though slippy sorts are inclined to be easier. Barley, English malting, ss. 9d. to 6s. per bushel; Cape, 4s. lid. to ss. Oats, Algerian, milling, ss. Bd. to ss. 9d.; feed, ss. 6d. to ss. 7d. Potatoes, £21 to £22 10s. pet ton. Onions, £12 to £12 10s. per ton. P. AND O. SHARES. Australian-New- Zealand Cable. Association. (Rec. October 30, 11.45 p.m.) London, October 9. P. and O. deferred stock, £622. LONDON METAL MARKETS. Australian-New Zealand Oablo Association, (Rec. October 10, 10.55 p.m.) London, October 9. Copper.—On spot, £104 2s. 6d. per ton; forward delivery, £105 17s. 6d. copper, £116. Lend.—On spot, £27 12s. 6d. per ton; forward delivery, £28 10s.. Spelter.—On spot, £42 10s. tier ton;- forward delivery, £43 JOs. ' Tin.—On spot, £281 2s. (A. per ton; forward delivery, £282 85. 6d. Bar Silver.—63d. per oz. Etandard. Lead Imports—ll,o74 tonß. BANK OF ENGLAND RETURN. Australian-New Zealand Cable Association, (Rec. October 10, 11.45 p.m.) London, October 9. The Bank of England return for the week ended October 8, is as follows:— Issue DF.rAivraiKNT. Notes issued £81.406.000 Gov. debt... i 11,015,000 Other securiNotes in ties 7.434.000 reserve 23.239-00(1 Gold SG,'2IG.IX)3 £'104.605.000 £104,695,000 BANHIKG DmnTJUSKT. I ■ Pionriotors' Gov. Becuricapital ...i11.653,000 ties ... £57,031.000 Public do- Other socui'iposits ... 93.151,000 tios 81.707.000 Other do- , . posits ... 120,332.000 Notes in Rest, 7-day reserve ... 20,m000 and other Coin in bills ... 3.031.000 reserve ... 1.8-10,000 £161,067,000 JL'161,067.000 Tho lcadine items of tho Bank of England return afford tho following- comparison:— This week Last week Last yoar Hullion 86.210.C00 86.2-26,000 72.326.000 R e * ervo ... 22.171.00n 22.487.000 2.1.76:1.000 Nolo Circulation 84,406.000 84.142.000 62.1!»i,000 Public Deposits 23.151.000 25,863.000 28.323.000 Other Deposits 120,332.000 121-220.000 137.586.000 proportion ot reserves to liabilities ' 55.45 14.30 1i.33 GOVERNMENT SECURITIES. Following are latest quotations for Imperial and Colonial Government securities: . This Last S'cck Weolc Week Oon'ol' * J a. 5 „ War lioan n . „ fi o.< a r, aj ( . War Loan g - J cjio n Si „ AUE.-Commonw'th 0 100 10 0 6} „ Aus.-Commonw th nn t n 1)8 0 0 4 , K.S.W.I«3.Jan-Juli $ ,» ° 0 J „ N.H.W. lij? Apl.-Oe! 66 17 C 6 17 6 4 „ Vic. 19M Jan.-July 7 B OS 17 0 35 m Vic. 1921-6 Jan.-July .gg 15 0 J5 0 3j„ Vie. 1920-1949 (11 ]0 n 62 0 0 3 „ Vic. 1929-49 Jan.-Jly $6 15 0 67 2 6 35 „S.A. 1916 Jan.-July 7-2 0 0 72 10 0 3 „ S.A. 1916 Jan.-July 50 0 0 0 0 4 „ Q'l'd 1915-24 Jan.-Jly ni 17 6 0116 0 1 „ ()Td1922-47 Jnn.-Jly fl) 0 0 8!) 0 0 . 3 ~ Q'l'd 1922-47 Jan.-Jlj 61 0 0 61 0 0 4 „ N.Z. 1929 May-Nov. ts 2 6 85 7 6 3t „ N.Z. 1912-40 Jnn.-Jly 71 15 u 7110 0 3 „ N.Z. 1920 April-Oct. 62 C 0 6115 0 3i„W.A. 1515-35 My-Nv 75 5 0 75 5 0 3 „W.A. 1915-35 My-Nov 71 11 0 71 0 0 31 „ Tas. 1920 Jan-July 71 5 0 '1 0 0 ! „ Tas 1920-40 Jan.-Julj TO 0 0 60 10 0 MONEY MARKET The Bank of England discount rate on January 12, 1917, was 5J per cent. On April 5 it was reduced to 5 ier cent., at which figure it has sinco stood. OPEN MARKET RATES. The open market discount rate for three months bills is 45 per cent, as compared

■with 35 per cent, last week, and 33 per cent. laßt yoar. Short loans avo quoted at 33 per cent., as against 3J per cent. Inst week, and 31 per cent, test year. COLONIAL AND OTHER PRODUCE. Wheat.—Quiot; offerings roatrictcd. An Australian parcel was sold at Liverpool at 63a., ex store. Flour—Australian in good demand. Sales have been made ex store in London at 41s. 9d. Oats, Hoans, find Pens.—Firm; unchanged. Sugar.—Unchanged.