COMMERCIAL ITEMS

Dominion, Volume 13, Issue 103, 26 January 1920, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. A sale of Union Steam preference shares at 2!s. ivaa reported on Saturday. The quotations wore a follow;— Buyers. Seller;. £ s. d. £ ». d. National Bank 6 9 6 6 11 0 Ban!; XX (£3 6s. id.) ... 15 0 0 - Abraham and Williams — 6 8 0 Equitable Building CD. 9 0 0 - Metropolitan Building ... 11 14 0 — Well. Investment 0 10 3 - Well. Trust and Loan... 6 5 0 - Christehurch Gaß 6 13 6 - Well. (Jaa (.£10) - 10 17 0 Well. Gas (pref.) 0 17 0 N./,. Refrigerating (10s.) 17 7 18 0 Meat. Export (riglila) ... - 13 6 lluildirft-Parkcr (ord.) ... 2 9 k 2 10 3 lfuddart-Parker (pref.) ... 1 0 7 U.S.S. 'pref.) ! 0 11 - P. and 0. Der, Stock ... 627 0 0 Kaiapoi Woollen (ord.) .. 9 10 0 — Kainpoi Woollen (pref.) .850 — Well. Woollen (ord.l 9 2 6 Hikurangi Coal (CD.) ... 0 13 6 Westjiort Coal 19 6 1 10 6 Waipa Colliery — 016 0 Leyland-O'Bricn Timber 18 0 19 0 Colonial Sugar (Fiji) ... 20 12 6 20 16 0 Gates Limited 019 9 - | N.Z. Drug 2 16 6 - N. 7.. Paper Mills 1 13 6 Wn.rd and Do 5 13 0 - Wilson's Cement — 0 16 0 Parcnga Gmnilclds — 116 6 CUSTOMS REVENUE. Customs duties collected at tho port of Wellington on Saturday 'amounted to £5526 7s. Ed. LONDON METAL MARKET. Australian-New Zealand Cable Association. London, January 22. Copper-On spot, £U4 17b. til. per ton; forward delivery, £116 17s. 6a\; electrolytic ingots, £121 10s.; barn, £122. Lead--On Epot £46 lis. per ton; forward delivery, £47, Spolter-On spot, £58 per ton; forward delivery, £59 15s. Tin—On spot, £384 2s. 6d. per ton; forward delivery, £386 ss. LONDON STOCK EXCHANGE. London, January 20. Dalgety'e, £9 155., £65 10s. London. January 21. North Broken Hill, buyer* 52a. Cd.. sellers 555.; South Broken Hill, buyers 555., sellers 575. 6(1.; Hampden, buyers !Bs. 3d., eellors 19b. 3d.; Boulder, buyers is. 9d.,

sellers 9s. 3d.; Hamilton, buyer? 275. (d„ sellers JO. (liec. January 25, 5.5 p.m.! Lendon, January 22. Peninsular and Oriental, buyers £650, Hellers £670; Waihi Alining, buyers 47u. 6a, scllerH 50s. I.VCKKASKD FRFIOIIT KATES EXPECTED. London, Janirir.y 21. The Government rcquintlon rate of freight on wheat from Australia is reported as likely to he raised, when tlio present contract expires at the end of March. The extent of the rife is not yet known, but shinning authorities anticipate that the new rate may l.e 140s. LONDON TALLOW SALKS. London, January 21. At the tallow sales 1413 casks wero offered, anil, and 1214 were, sold at Is. to 2s. advance. afutlon realised 109s. to 104s. per «wl.; beef, 116s. to IGZs. PKTROL MUCKS, (liec. Jan. 26. 0.25 a.m.) HEW O)aK, January 24. Petrol. 60 to 62 decrees, in steel containers, 25! cents per gallon wholesale, 23«s centß retail; 68 to 70 degrees, in eteel containers, 551 cents wholesale; 72 to 76 degrees, in steel containers, 36* cents wholesale. HANK OP ENGLAND ItETOItN. 4ustralia''-New '/e-ilnnn r,-Mi. Association. (liec. January 25, 5.5 p.m.) London, January 22. The Bank of England return for the week ended January 21 is as follows:— iKIil-K Pnr-A'ITStKNT. Notes issued iSS.CIH.OW Gov. debt... f 11,015.000 Oilier secuviNotCB in Ucb 7,434.000 reserv* 26.202.ri3; 1 Cold !!6.F!)7,000 JEIH.3J6.CM. JflU.3lfi.ooo Banking Df.pammf.nt. Pioprietol-fi' Gov. securicapitnl ...JEU.653.0M ties ... JE68.157.C00 Public de- Othei-scemi-vosits ... 21.47-2.000 ties 81,408.000 Other do- . ; posits ... U0.341.0C0 Notes it) Best,7-ilay reserve ... 26,252,000 ami other Coin in bills ... 3,361.000 reserve ... 010,000 £179.7-27,000 £170,727.000 The leadfes Hots of the Bank of England return aEord the following comparison :— This week Last week Last year JE i' J6 n n iijon MW.CM 18,348.003 70.476.C00 Rciici-vo ... 27.16J.W10 Q4.457.011U 20.71U.00U Note Circulation 18004.000 BB.KO.ftX) bU.O-J2.tXM Public Deposits. -21.472.000 1tj.657.00J "7.217-000 Other Deposits 140.311.C00 127.13J.000 126,573.000 Proportion of leservesto liabilities 16.18 16-76 19.32 GOVF.RXMEXT SECURITIES. Followins arc latest quotations for Imperial and" Colonial Government securities:

pcrnu aim uuiuumi ui/»v.. J .uv.> "-- v-- ~, , This Last block Weok Vedt l}% Imperial Consols |*• d ' *'■ d 6 6 „ War Loan ?, $ J J " 0 H,. War Loan iJ : ~ '" J X 0 H „ Aue.-Comraonw'th ™ iJ . JJ g° " 0 5» „ Aus.-Commonw'th „,. . „ „„ , 0 i , N.ri.W.1953.1Mi-Juli $,? n S J 0 .S'-^XfW^ 1 ; "« 0 6810 s I „ N.ti.W. I>& Apl.-Oct r-ii in 0 ffi 10 ° 4 , Vic. 1520 Jan-July X 1 , j S}S 0 3),, Vic. 1929-49 Apl.-Oct "i o J «J" ° 3i„ Vic. 1921-6 Jun-Jly ,5076 ml 7 6 3 „ Viq. 1923-49 J itn.-Jul wl2 6 B6 15 " Ji„S.A. 1916.1iiu.-J Illy 7u (1 0 (il) ill ' 3 „S.A. 1916 Ja.u.-July 501.) (i rj 15 ° 4 „Q')'d 1915-24 Jan.-Jly ,-|) 7 6 M 7 b 3J,.QTd1922-47 Jan.-Jly 6 7 0 0 b7 0 " 3i „ ti'l'ti 1930-50 Mnr-Au; % n 0 Cli 0 ° i „(JT(I 1922-47 Jnn.-Jl> f,fl r, 0 60 0 ° 4 „N.Z.l929May-Nov. Si 15 0 8115 0 ij „».Z. 1912-40 Jan.-Jly CO is 0 1:9 5 0 3 „ N.Z. 1920 April-Oct. lil u u 01 0 0 3J„W.A. 1915-35 iMy-Nv 71 15 0 7115 0 J „ W.A. 1915-35 My-Nov 70 15 (I 70 15 0 H„Ta.s. 1920 Jan-July 08 1 li 08 S 0 I ..Tail 1520-40Jjin-lnli (Hi 0 » 0513 U MONEY MAKK2T. The Bank of England discount rate, which had stood at 5 per cent, since April 5, 1917, an which date it was reduced from U per cent., was raised to 6 per cent, on .November 6. OPEN MARKET KATES The open market rate for ihree n-cnlhs' bill is 51- per cent., a compnsred with 5J per cent, last week, and 3J per cent, lain year. Short loans are quoted at s 3 per nnt., ns against 4ij per cent, last week, and 31 per cent, last year. KATES OP EXCHANGE. Foreign exchange on London is cuoted: -Paris, 43.48 francs to £1; Stockholm, 17.75 kroner, Chnstiania. 19.59 kroner; Calcutta, 27,'; d. to rupee; Montreal,-4 dollars to £1; New York, 3.61* dollars: llerlin, 242 marks to £1. COLONIAL AND OTHER I'UODCCE. Wheat—Market, active; good busiiicEs in Australian cargoes on passage at 61s. Flour.—Steady. Oats.—ln strong demand. La Plata, on sp't. 595. Peas-Quieter, New Zealand maples, 1455. to 150s. lleans.-Qmot, prices nnchnnged. Siiiar—Unchanged. Butter.—The trade is sceptical about the Food Ministry's reported purehaso of P.ussian butter, which'in any case cannot arrive before July, as the Kara Sea is frozen.