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COMMERCIAL ITEMS

INVESTMENT SHARES. A Bale of National Bank shares at £6 lis 6d. was reported on 'Change on Saturday'. Quotations were as under:- ' liuyers. Bcllors. £ i. d. £ h. d, Inscribed. Stock (1938) ...95 0.0 - War Bonds (1938) - « 5 0 War Bond. l«30> " *'« »' Commercial Bank - j « ° National Bank .. •■•••■■■• 6 ° * 61l 6 Bank X.Z. (£6 «B- «.)... 19 17 6 - Goldsbrough Mort - L " u National Mortgage 6 0 0 - lioaii and Jlercai.tjle ...« 0 0 National Insurance 3 19 0 - S.B. Insurance •-••■■•• — »"• u N.Z. Refrigerating (10s.) 1 « 3 —■ Meat Export (£S> ......... - \\ \ Meat Export £2 17a. 6d.l - 4 7 6 Meat Export (£3.12=. 6d.) - 5 50. Huddart-Parker ~.212 0 212 6 iMosgiel Woollen - J \ \ Taupiri Coal - »« \ Westport Coal 110 ' lu i Waipa Ooal. J 15 9 Lcyland-O'Brien 1 » 0 ~ Colonial Sugar- . ~ z ° » Gates Ltd. „ -.- - J* J Golden Bay Cement - ' ' « N.Ss.'Urwr :.....-•, 219 0 - Paper Mills - -• J« ' " Wairarapa Farm, (prcf.) 0 19 9 Wilson Cement - 01b » Eclipse Petrol (10b.) 16b — CUSTOXS REVENUE. Customs revenue collected at the port of Wellington on Saturday amounted to. £1678 18s. lid. .

LONDON TALLOW BALES. Australia n-New Zealand Cable Association, (Rec. 'February 22, 5.5 p.m.) London, February 19. At the tallow, sales 1686 casks were of-, fered and 597 sold. Fine mutton realised 109s. per cwt.; medium, 1045.; fine beer. IKs.; medium, 102s. > ' . RABBIT-SKIN SALES. Australian-New Zealand Cable Association. (Rcc. February 22, 5.5 p.m.) London, February 19. Annings's report on the rabbit-skin sales states that 1400 bales were offered. There was an animated demand and practically all were sold. Better' qualities advanced 25 per cent., but common declined 10 per cent. LONDON STOCK EXCHANGE-. Australian-New Zealand Cable Association. (Rec. February 22, 5.5 p.m.) London, February 19. Among the latest quotations on tho Stock Exchange aro the following :-Waihi Junction, buyers lis. 3d., sellers 13b. 9a. BANK OF ENGLAND RETURN. (Rec. February 22. 5.5 p.m.) London, February 19. The Bank of England returns for tho week ended February 18 ia ns followm— Issuii Dr.rAMMKNT. Notes issued jE93.ltfG.ooo Gov. debt-. £11,015.000 Other sceuri[Totes in 'ies - ••• 7.434.000 mem 32.5(0* Gold 107.737.000 jUffidkoOO i'IM.ISG.OOO BiKBIKG DErARTMEST. Proprietors' Gov. sceuricapital ...je14.8D3.000 t"» -. £67.116.000 Pni.lirilo-- Other seenn- ... 26.57.000 tico 88,801,000 0p05it6C"...164.612,.(1C00p05it6 C "...164.612 , .(1C0 Notes in ' Bcst.7-dny reserve - 32,040,000 . and other colnin. bills ... 3.55-2.000 , reserve ... 765.000 £-209.224,000 JSm.M4.OOO The leading items of xtio Bank of England mum afford the following comparison :— This week Last week Last yoar S. £ £ nnlllnn ••• 107,737.000 103-232.1X10 80,655.000 5..1.™ 33305.001. 34.601,000 30.65-2.000 Note Circulation 93,40.000 HLBIMOO G0.560.000 "6 337.000 25,012.000 30.650.00J Deposits 164,812.000 13-2,276.000)18.333.000 Proportion ot reserves to / „.,. liabilities 17.10 2-2-40 -0-j7 GOVERNMENT SECURITIES Following arc latent quotations for Imperial and Colonial Government securities-.

MONEY MARKET. The Bank of • England discount rate, which had stood at 5 per cent, since April C, 1917, on. which dato it was reduced from 6J per cent.. ivas raised to 6 per cent, on November 6 OPEN MARKET RATES. The open market rate for three months' bill is 53 per cent., as compared with 53 per cent, last week, and 3i per cent, last year. Short loans are quoted at 4? per cent., as against % per cent, last week, and 3i per cent, last year. • EXCHANGE RATES. Foreign exchange on London is quoted: Paris, 16.90 francs to £1; Stockholm, 18.30 kroner; Ohristianin, 19.70 kroner; Calcutta, 32d. to rupee; Montreal, 3.98 dollars to £1; New York, 3.40J dollars. LONDON PRODUCE MARKET. Australian-New Zealand Cable Association. (Rec. February 22, 11.5 p.m.) London, February 19. Wheat and flour-Quiet Oats-Fair inquiry; slightly easier. Beans and peas-Quiet; nominally unchanged. Sugar—Granulated, 6ds.; free white Manbut simultaneously subdividing such shares into ten fully-paid £1 shares, and ritius, 118s.

DISTRIBUTION OP PROFITS GEAR MEAT CO.The directors of the Gear Meat Preserving and Freezing Co., in view of the wide and expanding operations of the company, propose that the capital account should be brought more into conformity with tho resources of 1.h6 company, which have been accumulated during a considerable number of years. They have carefully considered the position, and propose that the sum of £368,000 of heretofore undivided profits be distributed anion? the shareholders on the basis of £4 for every £1 now paid up on their shares. In the caße of the fully-paid £1 shares the* proposal is that each holder shall receive under the distribution four fully-paid £1 new shares for each share now held. In the Ciieo of the £10 shares, on which £4 only has been called up. it is proposed to apply the £15 per share under the distribution to paying up the remaining £6 uncalled on their sham, tlrusJ making them £10 fully-paid chares, by issuing to each of the present holders of a £10 idiarc ten fully-paid £1 new shares, so that each of the present holders of a £10 share will become the holder of twenty fully-paid £1 shares. They will thiii be in the same position as tho holder of four of the existing £1 fullypaid shares, as such holder would, under the' proposal, get sixteen new shares, which, added to his original four shares, would make twenty shares. This ienrraiiEcmeiit of the funds will substantially strengthen the position of the capital account of the company, and'r recommended by tho board as being in tho be.-t interests of shareholders Exl.rnordinnry general meetings for tho purpose nf considering, and, if thought fit, passing the necessary resolution' to carry out these proposals, havu been called. WARD AND CO. Ward and Co.. brewers, O'uristchurch, have called extraordinary general meetings for a similar purpose. The directors of that company propose io make a call of £' per share, and distribute. .520.0C0 undivided profit:; a? a bonus lo shareholders, which amount will be applied in natininction of the call of £1 above referred to in order that the shares of tho company he fully paid up. The existing £5 shares of the company are to be divided into live fully paid-up shares of £1 each.

This IJnst block •Week Veok «% Imperial Consols *. B j d 6 ' §,%% 0 „ War Loan so 0 „ go 7 6 3J„ War Loan R , 0 0 M 0 0> 6i „ Au6.-Cammonw th (|7 0 0 (£ „ 6 6* „ AtiB.-Commonvi• th ]0 0 m c 0 ( „K.i3.\V.193J,lttn-Jul3 ,„ ]3 6 g) 0 0 5 „N.S.W.b2JApl.-0i;t 65 15 0 C6 ,,, 0 3i „ Vie. 192M9 Apl.-Ocb 8 . u5 0 e5 , 6 3j„ Vic. 1921-6 Jan-.Uy M M 0 60 0 0 3 „ Vio. 1929-49 Jan.-Jul Gl! 5 o 68 15 o 3J„S.A..1916Jau.-.luly to 0 0 m 15 0 J ,. B.A. 1S16 Oau.-July n717 0 57 17 fi 4 „ Q'l'd 1915-24 Jan.-Jly po 15 0 90 15 0 31 „ QTdl922-47 Jan.-Jly 67 0 0 87 0 0 3i,, Q'l'd 1950-50 Mar-Auj ju 0 0 ffi 0 0 5 „ Q'l'd 1922-47 Jun.-Jlj 59 15' 0 59 10 0 4 „N.Z.19MMay-Nov, Br> 0 0 85 15 0 Ji„N.Z. 1912-40 Jan.-Jly 70 10 0 70 7 6 ' ' 3 „ K.Z. 1920 April-Oct. 51 10 II 6110 0 51 „W.a;- 1915-35 My-NY. 7115 0 75 0.0 5 „W.A. 1915-35 Mt-Xoy 70 17 6 70 B 0 35,, Tas.1920 Jan-July 58 15 0 CO 5 0 8 „ Tub 192Q-ttJ<m.-Julj Gil 0 0 60 0 0

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/DOM19200223.2.124.6

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 13, Issue 127, 23 February 1920, Page 10

Word count
Tapeke kupu
1,175

COMMERCIAL ITEMS Dominion, Volume 13, Issue 127, 23 February 1920, Page 10

COMMERCIAL ITEMS Dominion, Volume 13, Issue 127, 23 February 1920, Page 10

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