COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1599, 16 November 1912, Page 8

COMMERCIAL ITEMS.

investment shakes There were nd transactions, in invest-, mart, shares yesterday, flhe quotations' -were ns under:— " Buyera Sellers £s. d, ■ £-9. rt.. Equitable Building -V- r* 9 Well. Trust and Loan 'p- 7 10 Q Auckland Gas >"•— • 3 4 6! Cliristchurch Gas f— 8 5 0 Feilding Gas i'r- 110 • Napier Gas ...... fr 22 10 0 Well. Gas (£9) l 4 12 6 14 15 0 Meat Export' (£4) ",: 5 0 0 Meat Export (525. ,6d.) I,— . 2 19 6 N.7<. Shipping 14' 0 0 — Union Steam : 2 6 6' — Well. Woollen (ord.) 3'15 0 — Well; Woollen (prefO ES I? 0 ' • - Hiikurangi Cba-1 018 0 — Leylarod-O'Brien f — $ 8 3 l'aringamutu Totara ' 2 6 0 — Golden Bi-y Cement 10 9 113 Shetland's ordinary ' ' — 12 6 W.F.C.4: - 7 5. 0 NEW ZEALAND' SHIPPING CO. The ;twenty-fifth 'an'miai; report ot, the' directors of the .Now -Zealand Sliippiiig Company, which''Wte adopted at tlte .meeting held in London on October 15, reconi:. mended a dividend o{ 16s. per shai;e for' the year, free of income tax, of which Bs. per share was paid, on April 12, carrying forward- £21,555. ' During the year the ..company acquired- fl, controlling interest in the Federal Steam .Navigation Company, Ltd., .which has tietn paid for by the allotment of unissued '.shares of the New Zealand Shipping Company. The odmpfwiy also purchased the Australasian;*- business of Messrs. Houlder Brothers-'"and Company, Ltd., .together: with four steamers. The eteamerp have been fold- since the clone of the. financial year.- The directors recorded with deep regret the. death of Mr. P. do 0. Malet, a*, member" of the New Zealand Board. ,The vacancy on the London Board' created' by :| the death' of Mr. JfaelVer' wrfa .filled/by f the election of Mr. Allan-Hughes, tho chairman of . the Federal Steam Navigation Company. Limited. The directors retirins by'-rotation Were'- Mr. William 0., Dawes, Mr. G. T. Hayeraft, and Mr, AllanHughes, who -were eligible for re : eleetdon./

•LONDON MAIIKETS. Messrs. Dalget-y and Company, Ltd., Wellington, have been-advised- By- cable from' their London offlco, under date November 14, lus follows:—Frozen Meat: Very poor demand at unchanged prices.' Tallow: .Medium mixed, fair demand at lost quotations, Other dose-riiyttotte aro without quotable change, but ecarcely any demand. By Telscraph—Press AssociatfoJi-OcwyrlirM London, Novomber 14, Juto.—MUilvo fiTst-maiilta, t tfovembiir-Do-cember shipment, are sclltosr in Dundee a,t £26 10a. to £27 por ton. Linseed oil, spot pipes, offering at £28 10s. per toil. ■ Rabbits.—The market; is dull. Now South Wales blues are,' commiiiidhiK 18s. 6d„ ex Store;* la,rse Victorian, ,17s. 6(1. VIOTOIMAN I'HODUCK MARKETS. Molbourno, November 15. WheflA 4s. 5Jd. to fe 6d,; flour, £9 lEs.s bran, £6 55.; pollard, £7; oats, New Zealand 1 , 3s. 9d. to 3s. lOd.; pctie, 4s. to 4s. 2(1.; potatoes, red soil, snowflakes, £17 to £17 10s.; onions, £7 10ft to £9. ss. BANK OF ENGLAND RETURN. 1 (Bee. November 15, 10.30 'p.m.),Tho Bank of England return issued for the week ended. Wednesday, November 13, is as under:— . .1' London, November 15. ISSUE DEPAnrsrrcNT Notclflsu* jC53.7i9.000 fiov.dobi ... £11,015,000 . Other Boourl- . tta ... .. MM,MO ; Gold ... ... 85.291,000 i53,T40,000 £53.710,000 BINKINO Df.PAnTURNT, Proprietors' Govt. Bocuri. capital fIi,SS9,OOO tie's... ... £13,035,000 Public de- Other fiecuriPQSits ... la.VCf.OM tioa 81,566,008 Otbordo- . posits ... <0.813.000- Kctoi „ 25iH0,003 Best, 7-day ;. »nd othor bills... „, 3,JM,000.C0in... 1,337.000 £71,378,000 £71,378,000 The leading items of the Banlt : of England return afford the following comparison :— This weak Last week. Lastyoar £.£ \ £ Bullion 35.201,000 35,188.000 35.020,000 Reserve 26,777,000' 26,383,000 26.035.C00 Note circulation 28.300,000 26.837.000 '2a.4i7.0fX1 Public Deposits IWGi.OUO; 10,204.000 10.6:15.030 Other Depbsits 40;()13,000 45.300,000 40,666,01X1 Proportion of , •' rcnorvo to . liabilities... '<(},«) . 47.40 49,74 GOVERNMENT SECURITIES. The. following are-the latest quotations, for" Government. securities, with a comparison of those ruling last week 1— " .•

' BANK BATES OP DISCOUNT. '. Tho Bank ofi England rat? -was, on January ' 27, lowered' to- 4 per cent., on' February 16 Vtp 31- per cent,, and on March 9 to 3 per cent. On Scptem> her',2l -it was advanced to 4 per dent., on i'jFebr'ua'ry 8 it .jyas reduced to 35 psr cent;; and''on Hay ;9 to 3 per cent. .On August' 29 it was raispd to '4 per cent.* and on October -17 t-b-ovpfer cent-. ,-,;®h'B Bank. pfPr'aAie fate, was: rediiced f.rbm 3i to 3- -per cejjtiKon January:-3-3, 1908. aid continued'; at : tlmlatteir-'flgure- until September 21, -1911, \ylie'n it was raised to 3i : perV bbnt:', 'dn ; May--.ljl 1912; -'lit was reduced' to; :3 :-.per. : : cent^ ;, on: ■ October 17. it wits-raked 'to' 3J' perfcerit:, and. on' October SO'H-o -4' : per' rent:'. . ; --°- WJM# : rediiced iis rate .from 5: ; to 4J 'per- cent. dn.Febrii-: aty fi.aad'cm". February;'l9. the was further' reduced.-to.%:.per <ent. OnvScptembar; 19.' the r&tV was." raised-to 5 per "cent., 'on? 4uni il. 11918, it .was reduced to 41 percent., on October 24 it was raifred to 6 per coat.,, and ion November 14 it was raised to ■6 : per cent. VJ'i MARKET RATES OP piSOOtJRT. Tho following are tho inarkct rat-es for best thr<e months!, bills■ '' I ' : iitjndon Paris !- Berlin , ■ - - ;.ral®.t..-'ratel.;-. rate. " •- ' f<' | ■ This/.-faeek 6J - -,-j ' .4:15*16-;ds'4fe\43 • ;■ lia/mrjs'icar: '- 1 ....,.... 33;8, 3 3-B- : - ShoiA lOanK axe quoted-at.3l per. cent-., as flgiUQ=s 3J per. cent, lafit week, and.-.-2Ji per ceijt.jiasfc year. ' COLONIAL AND OTHER PJRODUCE. Wheat,.—Tho market is dull. parcel, of 15,(100-.-quarters. Australian JamiarjvFebrni-, iiirjisMpnifen't',: gold .at -375. 6d-. j- -for 'Sttstra■liartv afloat' - 38s. 3d;.'tto 38s. fid; Jias been paid. There is.'sinalljnquiry for Australian on spot at 4Jev ' ... .. I/lvet'pooi futures,-' Pecember delivery, 7s. 41d. per eenj-ai; . Marchi delivery, 7s, <d.; May delivery, - 7s. 2}d.' Flour is dullJ. Aue-tra-Hdn pa-tent- is quoted at 235. per sack of '2801b., vx store. . Oats are alow of sale. La Plata, January- : February shipment, 16s to 16s. 3d. Butter—The market is dull; Dmiish . is wiehanged at 1275. to 129®.: choicest Australian, 3103. to 1145., against li&j. to 118®. last week; unsalted,. )lfe.; Now Zealand, 116s. to 118s. Arrivals are not clearing, aa retailers are using * stored butters and Homo and Continental'' makes, w'liich are unusually plentiful, owing ,to a. continuance of open-weather. The quality Of -jwrne, ■Auatraliaa,.-bUtter is. hardly equal to,"that cent at the'.opening.of last eeason, bee't, EB- : .!per cenit.. ' not.litre,' 1(5, higher,.- at. Sa. 6d,, per. cwt.; first iidfllks,.'. granulated; -f.o.b.i Hamburg;- 2d. -higlnSvat Us" -9d f . " \ . Bradford Tope,—The.market Is animated; crossbrcds.- are firmer on Now Zealand's opcniintfi'eales. Fifties'.are quoted at 20s. per lb.; "lovty-siies,' 161 d., and forties at'' 154. . v ; ,\ v _ ;THE MECAIi MARKETS! Copper.—On spot, -1.29.--6 d. lower, ait, £78 per ton; thieo months',' 30e.- higher, at £78 155.; electrolytic, £81 I 0&. -' '. --Tin.—On root, 15s. higher, at'£229 ..per ton. Pig-iron-, IQddlesboro'- -Ho. 2,-. lljd. higher, at.67s. 10d. per ton. ■r Spelter, 7s. 6d. lower, at £27 per ton. " Silver.—Bar silver ig - quoted at 295. per '..ounce standard. •■ 'Ijead.—lmports, 19,746 tons; cxporte, £682 •tons.- •. .

. .-Variation — cbmpateri ' ' .• Pricii with . •' ' ■ •': '. . last wegk. .V :< ■ . '£■ f. d. • 2J% ImPViaf Consols . ' 75 G 0 '. 25s higher 4 10i 0 0 Unchanged 34 , t N,S.\V.193Q-50tfivSi). 07 0 -0 os'lowor ". 3 , N.S.\V.J935Ap].-Qot. • B4 -0 0 10s higher 4 „Vio. 1920 Jan.-July 100 10 ,0' . 8s highoi 3i ,,'ViC-. 1920-4l):Jdn.-:July 95 . 0 0 • Unchanged 3 .„Vic, : 1929*49Jaij.-July . 79 0. 0.. 1Q& higher 3J „S t A.'I91G Jan.-July ' $3.. 0 -0 Unchanged 3 „8.A. li)16 J&n.-July 78-0 0 Unchanged i „QTd3015-34 Jan.-July 1010 0' Unchanged 3£ „Q , rdlQ , 2410 0.- lOshighfcr • 3 lt O r 60 0 0 15s higher 4 101 0 .0' IPs higher SJ „N.Z. lyiO Jau.'Jiiiy 02 0 0 Unchanged .2 „N.Zriy4D A.pril-Oe6. BO 0 G Unchanged Hi „ W.A.lSiO-ilOM&y-Nov fil. 0 . 0 20s Icrwor 3 .,W.A;l915-35%y.Npv B4.Q 0- 10s higher 81,, Tas; ? .3040Jan.'July 91 0 0 15s? lower S: „Tfl3,; 1920-jO Jan.-July 64 0. 0 "Unchanged