COMMERCIAL ITEMS

Dominion, Volume 13, Issue 276, 16 August 1920, Page 8

COMMERCIAL ITEMS

,'""•'. ' INVESTMENT SHARES. A sale of N.Z. Ec/riceratinc shares ,Ws. Said), fit £2.69.,. wae repotted on Soturay.; The Quotations were as follow:—

■ CUSTOMS REVENUE. ' , Customs revenue collected at the port ot Wellington on Saturday totalled £5710 4s. 9d. . ■ .■•.-. GENERAL MARKET. REPORTS. Australian-New Zealand. Cable Association. (Bee. August 15, 5.5 ;p.m.) , London, Aujur.t 14. . ■ Liverpool quotation for American, middlim* upland cotton, September delivery, i5.23.'75d. per pound. Jute.—The .market is quiet. Quotations arc:—August'shipment, £51 103. per ton; September. £50 10".," , New Zealand hemp is dull, of sale. May; July shipment is emoted at £53 per ton. Rubber.—Fine hard Para,, Is. 9*d. per lb:; plantation, first.latex crepe, Is. 10Jd.; smoked ribbed sheet, Is.. lOi'd.' Copra—The ,market is quiet. AugustSeptember shipment ia quoted- at £54 per ton. ~..'. • , Linseed Oil—£Bl per ton; equal to da.53d. per gallor.. . j : Turpentine, 1425. per cwt;, equal to 10s. B£d. per 'gallon, \ : ' BANK OF ENGLAND EETUEN. Australian-New Zealand Cable Association. London, August 12. The Bank of England return for.the week ended August 11 is as wider:— . IB«UF..IJEPAItrarFNT. Notes issued f105.528.000 Gov, debt... £11,015.000 ' \ Other securiNotes in tieß ... ... 7,434,1)00 reserve • 14.151.000 'Gold , 121,530,000 5ti139.9J9.003 . ' A-139.970.000 BiNKISO DEPARTMENT. ~ ..'" . Proprietors' . Gov. securi- Y-, capital ...£ 11,563,000 . ties ■ ... £ 661250.000 Public de- v Olhersecuriposits ~ ...15.999,000 tics 73,806,000'. Other.de.'posits ...121,019.000 Notes in . . j Rest.Msy , . reserve ... 11,151,000, ■■ and other , ■'. ■■ Coin in > '■ bills ..... 3.175.000 reserve... 1.533,000 : .£158,046,000 ' ' fICS.Oie.OOO The leading items.of the Bank of England .return afford the following comparison:— ~..;'••. This week Last week Lastyea, ' Bullion '. 121 530.000 121.529X00 86,171,000 Deserve ■■... ..: 15.P00.000 15.068X00 27.011,000 Noto Circulation 133,528.000 120.460.000 79.723,000 Public Deposits , 15-999,000' 17.162.001 22,155,000 Othor Deposits .' 124,019.000 130.686,000 69.158.00u Proportion of 'reserves to , . • • ■ 1 ": ' liabilities': .'.'11.42 > 10.17- 24,25 • ; GOVERNMENT SECURITIES.' Following are. latest auotations for Imperial and, Colonial Government securities:

': , MONEY MARKET.. ; The Bank of England discpunt rate, which had stood at 5 per cent, since April 5. 1917, on whlclj date It was reduced from 61 per'?cont.,.waß raised to 6 per cent, on November 6„ 1919. and to 7 per cent, on April 15, 1920. .. ■ - OPEN If All ICET, HATES. The open market rata for three mnntln' fiills is 63 per cent., as.compared with 6jj per cent, last week and 38 per cent, last year. Short loans are quoted at 5} per cent, against 5J per cent, last week and 3i per cent, last year.

'.■'.,.v...;:.'- Buyers. Sellers. ■ ' £ »■ d.. ., £ i. d. Inscribed Stock — 54 0 0 Bank Australasia. — 94 0 0 ' National Bank — 6 15 0 . Bank N.S.W. 34 5 0 3410 0 Bank New Zealand 2612 6 27 0 0 : . Union-Bank, r... ,7...,-13-;,Mv.-,;..-'13-ll- 6 •■': "GoId«broueh''Mort .......;.' 2 6 ; 6 -273 Metropolitan .......: 13 3 6 - Well. Investment 0 12 0 Wellington Deposit ....... 0 8 9 - 'Auckland Gas '..... 15 0 ; — Well. Ga« (£10) 10 0 0 11 0 0 Napier; Gaa (pref.) . - - S 16 0 ■National Insurance 314 0.- . — JJ.Z. Insurance ....■ — 1.12 .0

South British Insurance 910 0 917 0 Standard Insurance — 3 10 N.Z. Refrigerating ....... 2 5 9 — N.Z. Refrigerating (10s.) 14 3 15 0 Gear Meat .;..!'. .— .■ 2 * u Hudda'rt-Farker (ord.) ... 2 15'. 3 2 16 0 P. and 0. Dcf. Stock ...415 0 0 - Westport-Btockton - 0 9 0 Waipa Ooal - 016 3 Lcyland-0'Bri2n : .Timber 113 3 - Bartholomew Timber — 15 6 Burns-Philp ' 119 0 - D.I.O.. ......:,.... 0 16 3 — Howard Smith — 2 7 6 Manning .•;'. ......'.. — 4 10 • Farmers'.'... 6 12 0, — ' Wairarapa 'Farmers ■ ' (prel.) ..;...: - i 1 0 Wilson, Cement - 017 9

. cf„„i, ' This Last 'Stock W(Jek - Week . «% Imperial Consols '* S ;A f »..«£ 5 ; , War Loan", 4b 0, 4610 0 V/XrLoan ' S',? ? ■ S ,S n .6}„Aua..0oiumonw'th' "7 b 62 0 0. .51 „ Aue.-CommonwW ; f, ™ f. 31„S.S.W.1930-50Ja-Jy '° ° ° • 7 «' 1 ' * 4 „Vio. 1920 Jan-July ; S J J " J S 3fr„Vic.l929-49Apl..Oct g S2,S S 3t„ Tic.W21-6Jan.Jly f s % X f| J 2 2 ■3i„fl.A.1916Jau.-July 65-0 0 -IS 0 0 ) i, 8.A. 1916 Jau.-July in t n iq ) i , 4 „QTd 1915-24 Jan.-Jly 87 2 6 87 6 0 Jl,.QVdl922-47J«n.-Jly jJJ o 0 64 n 0 31 „QTd 1930-50 Mar-Au/ oi 0 0 94,0 0 3 „ Q'l'd 1922-47 Jari.-Jl; 6110 0 v 54 10 0 4 „ N.Z. 1929 May-Sow 84 5 0 64 5 0 31 „ N.Z. 1912-40 Jan.-Jly 67 12 li «712 6 3„N.Z.1920April-Oot. 58 5 0 53 5 0 31 „ W.A. 1915-35 Ity-Nr 71! 0 0 71 '0 0 ■' o „ WjV. 191545 My-N6T 68 0 0 ' 68 5 0 31 „ Ta-s, 1920 Jan-July 67 0 0 66 0 0 '3 ,.Ta81920-40 Jan I-Jul} 61 0 O 61 OO