COMMERCIAL ITEMS

Dominion, Volume 13, Issue 110, 3 February 1920, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES.Sales were reported yesterday of Abraham and Williams shares a.t. £5 Bs. 6(1., nnd Colonial Sugar at £20 16s. 6d. Pho quotations were aj- follow;Uuyors. Sellers. ' £s. d. £». d. , Inscribed Stock (1936) ... 95 0 0 95 7 6 War Bonds (1941) ~ « 7 6 , War Bonds (1938) 9j 0 0 K ; War Bonds, 19J0 - 96 10 0 ' Inscribed Stock 5 per cent. < (1929) 97 10 0 - I Inscribed Stock 5 per cent. (1950) 97 10 0 - Bank-Australasia 126 0 0 — National Bank — 6 " 0 Bank N.Z. (.£3 6s. 8d.)... 15 2 6 - Abraham and Williams . j 8 0 Loan and Merc, (pref.) ... 66 0 0 — Well. Gas (£10), cum div. 10 10 0 — Well. Gas (pref.) - 017 9 S.B. Insurance 9 5 0 N.Z. Refrigerating (205.) - 210 0 N.Z. Refrigerating (10s.) 17 6 17 8 Iljiddart-Parkcr (ord.) ... 213 0 213 6 Taiipiri Coal 017 0 018 0 Westport Coal 110 0 - Wcslport-Stockton (ord. — 03 0 Westport-Stockton (pre.) — 010 9 Waipa Colliery 0 14 6 - Leyland-O'Brien Timber 1 8 6 •- Colonial Sugar (Fi:iJ .... 20 15 0 21 0 0 D..1.0. (pref.) 1 1 i N.Z. Drug 2 IB 6 N.Z. Paper Mills 113 6 " , Wilson Ueinont - ols 3 ( CUSTOMS REVENUE. Customs duties V.ccted at the port of Wellington yesterday amounted to £2803 ss. lid. BANK OF ENGLAND RETURN. Austral'-n-Neiv '/.eflland CaliU. Association. (Rec. February 1, 5.5 p.m.) London, January 29, The Bank of England returns for tho week ended January 28 is as follows:— Isruf. Department. NoMs issued 183.258.000 Gov.dobt... i 11,015,000 Other securiNotes in ties 7.134,000 reserv# 551.254.00l 1 Gold 1)0/61.000 f117.512.000 £117,512,000 Banking Depahtmrnt,^ Proprietors' Gov. securicapital ...£14.553,000 „ ties .... £62,683.000 Pnlilio do- Other BOCUl'lposits ...20,116.000 ties 80,330,000 Other doposits ...135,156.000 Notes in . Rest, 7-day ' roscrvo ••• 29,201,000 and otlior Com in bills .» 3.331.000 reserve ... Sra.OOO £173,150,000 £173.159.000 Tho leadißE it-oms of tee Bank of England return afford tbo following comparison:— Tliisweok Last week Last year £ £ £ Rultinn ... 00.063.000 05.607.0)0 70,833.000 5 ™ :,, 30.me.00ii 27,16-2,000 20.W7.C011 Note Circulation 68.25f1.000 (8 004,000 60.310.000 pSulc DopS BJ.UG.OOO 01.172.000 26,612.0011 mher Deposits 135,136.000 140,341.000 J21.601.000 Proportion of ffiiUes 0 19-10 «.« 20.14 GOVERNMENT SECURITIES. ' Following ire latutik QUotsitioDß for Ini* di. r ial and Colonial OoYcniment securities: This Last Stock Week Vi% Imperial Consols * Jj, cl ( ; 6 War Loan 01 6 (ll 12 c {J „ ar Loan gr , ]6 0 85 15 u 6J „ Auß.-Commonw th C( . - g . 0 5i „AU s.-Commdnw th ()s) 5 0 gg 5 0 1 „ K.5.W.1933,)an-Jul} rn 13 0 711 15 0 si, i H.S.W.I93WOJa-Jy fi7 )5 g r ,7 0 0 1- .. 1535 Apl.-Oct )iS w 0 ffi 10 0 4 „ Vic. 1920 Jan-July , lfi 3 3 J4 „Yic. 1929-49Ap1.-Oct t ug a Bl! 2B' jj „ Vic. 1921-6 Jail-,lly jo 2 6 en 7 ii 3 „Vio. 1929-49 Jan.-Jul , i 615 0 06 12 ii 35 „H.A. 1916 Jan .-July. 71) 0 0 70 0 0 3 „ B.A. 1916 '1f1.u.-July 0 2 15 0 52 12 Ii 4 ~ Q'l'd 1915-24 Jan.-Jlj 90 76 (10 7 0 {J „ Q'rdl922-47.Tftn.-Jly 57 0 0 it 1 t 3J„Q'l'd 1930-50 Mar-Ail, oii 0 0 !)(i,o 0 I „ Q'l'd 1922-47 Jan.-Jl) 60 5 0 fiO ii 0 4 „ N.Z. 1929 May-Nov. fir, 15 0 8515 0 Ji „ N.Z, 1912-40 3 an.-Jly 70 7 6 00 15 0 3 „ N.Z. 1920 Aprll-Oct. lil 1-2 6 til 0 0 Jj, „ W.A. 1515-35 My-Nr 71 17 6 Uls 0 i „ W.A. 1915-35 My-No? 70 15 0 70 15 0 81 „ Tas. 1920 Jan-July 66 10 0 68 211 I .. Tas .Tnii.-.litli lili 12 Ii lili 0 (I MONE Y MARK FT. Thf Bank of England discount rate, which had stood at 5 per cent. Bince April 5, 1917, on which dato it was reduced from ■ 5i per cent., was raised to 6 per cent, on November 6. OPEN MARKET RATES. The open market rate for three months' bill is 58 per cent., as compared with 5J per cent, last week and 3,| per cent, last year. Short loans aro quoted at ner cent., as against 45 per cent., last week, and 3J I per cent. Inst year. | RATES OF EXCHANGE. ' Foreign exchange on London is quoted:— : Paris, 46.40 francs to £1; Stockholm, 17.92 kroner; Christiania, 19.70 kroner; Calcutta, i 27jd. to rupee; Montreal, 398 cents to £1; j New York, 3535 cents; Berlin, Tecovercd to I 275 marks to £1 011 American buying. WELLINGTON_GAS COMPANY The fiftieth annual report of the Wellington Can Company elates that the increase in gas consumption has been substantial. The tale of coke and other residual products has also been r-atisfactm'y. Advances in the cost cf er.itl and materials and wages of labour have necessitated raising the price of (,'as by tcnpence per ICOO cubic feet during, the year. The I very large increased expenditure has been just about covered by the increase in reenue. Tho works and plant have' been maintained in good order at a cost for repairs and renewals of £9019 3s. lOd. One hundred and twenty-six chaine of new mains have been laid, and 353 new servic/i fixed. The amalganiatiDii of the boroughß of Onslow and Karori with Wellington will furnish further large demands for gas, and funds for main extensions into theee districts may have to -be provided in the near future. A scheme Is in preparation for the erection of dwellings for the company's workmen, and upwards of 13 acres of land have been nurchaaed at Miramar for this purpose. " The profit and loss account, after payment of the interim dividend on tho ordinary shares and the dividend on tho preference Bliarcß for tho year, shows a balance of £50.112 lb. 9d„ which it is proposed to allocate as follows:-Payment of dividend for half-year ended December 31, £5894 10s., leaving £44.218 Is. sd. It is proposed to write olf property and plant account £4000, transfer to residuals plant suspense account £2500, transfer to depreciation reserve account £13,000, transfer to retort settings reserve account £2WO, tranßfcr to war loan suspense account .-CICOO. transfer to bad debts reserve account £500. absorbing £23,000, and leaving t'o carry forward a 'lalance ot £21,218 Ib. 9d. Mr. A. E. Poarce. who had been a director for twenty-two years, tcsigncd in February last in order to vifit Great Britain, and tho "ward appointed Mr. (i. ■F. Pearce to fill the vacancy. In ternia of Articlo 84, Mr. G. F. I'earcc retires from office, but is eligible and offers himself« to the members for elccti.w. Messrs. (!. FitzOerald and #~J. Nathan retire from tho board by rotation, and, being eligible, offer themselvcß lor re-elec-tiou. I — LONDON WOOL SALES Messrs. Levin and Co., Ltd.. have recciv- ! od the following cablegram from London, 1 dated January 26:—"As compared with the ' opening sales cf this mouth, the January closing salee show: M.erinos and. fine crossbrcils, no change: mrdiuni eronsbrcilß nnd ' coarse crosßbreds, 5 per cent, advance." 1 The New Zealand Loan and Mercantile Agencv Company, Ltd., have received tlio ' following cablcgriim ;roin their Loudon r house, under date January 26:-"Wool , sales closed. Merino, medium :ml coaree , crossbred are five per cent, higher. There . is 110 change in market for fine cross(j bred." !, MINING NEWS i WELLINGTON KIUIIE MARKET. n Tho quotations yesterday for cining shares were as under

Buyers. Sellers. £ s. <1. -fi a- d. Consolidated Goldllclds . — 04 6 Progress - J J J Talisman T „ ' Wuilii 2 6 0 STOCK EXCHANGE. I? Br Tolesraun— l'l'iwn Association. Christohuroh, February 2. Sales reporte: British Tobacco (cum rights) SI Is.; Canterbury I'u'olishing Co., £1 os. 6c1. ; Talisman, lis. Sales: New Zealand lietrigerating (£l paid, cum dir.), £2 I, 10s. (two parcels). • Aiiokland, February 2. Ii Sale- Talisman. 10s. (id. Sales reported: j National Hank. £6 lis. 6(1.; Union Punk, f, £12 135.; Northern Coal, is. 9d.-, Wilsons Cement, 15a. Id. 9 i: Dunedin, February 1 y fin Ids* \cw ZealaiVi Ju Co. (eon.), 275. 6d.; t Uuddart-I'arker. - 52a. 6.1. (two sfiles). reported: Huddari-I.«ir-kcr (ord.), 525. fid. j -— ' r