COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3167, 18 August 1917, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAKES. Yesterday's quotations for investment shares were as £ s. d. S. s. d. National Bank - 5 9 ° Bank N.Z. (new).. 715 0 Metropolitan Building ... U 6 0 - N.Z. Loan and Mer - « « 0 Well. Investment vOll 9 012 J S.B. Insurance T 6 x Standard Insurance 2 1 « N.Z. Shipping (pref.) .... 10 10 0 - ■Westport Coal 19 \ JJj" Waipa Colliery - °" * Leyland-O'Brien - . },'" Golden Bay Cement - 1, L » Sharland's (ordinary) .... 18 0 - Bharland's (preference) ..180 Custom duties collected at the Port of Weilinston yesterday amounted to £3851 18s. 3d.

SOUTHERN MARKETS. By Telegraph—Press Association. Christchurch, August 17. Owing to the holidays there" has been very little business dono during the latter part of the week in the grain and produce markets, and theft! are no changes to report. TALLOW. . The -N.Z. Loan and Mercantile Agency Co., Ltd., held its periodical solo of tallow yesterday. There -was a. fair attendance of buyers, and prices ranged from 31s. to 345. for mixed tallow, in shipping condition, and for tins from 28s. to 325. 6d. per , cwt. Bough fat, from 10s. to 225. per cwt.; horse hair was in poor demand at from s}d. to 7Jd. per lb. The N.Z. Farmers' Co-op. Distributing Co.. Ltd., report that an auction sale o£ tallow and sundries was held yesterday. The market generally was very flat a-s a direct recult of lack of shipping facilities to Australia, {he result being that those lines which did change hands realised from 3s. to 4s. per cwt. below the .prices ruling five weeks ago, being disposed of to local buyers. VICTORIAN PRODUCE. By Telegraph-Press Association-Copyright Melbourne, August 17. Barley.—Chevalier, malting, 4s. 6d. to 4s. 7Jd. per bushel; Cape. 3s. Id. to 3s. 2d. Oats.-Algerian, milling, 2s. 6d.; feed, 2s. Id. to 2s. 3d Potatoes, £3 15s to £4 per ton. Onions, £9 to £9 10s. per ton. BANK OF ENGLAND RETURN. (Rec.' August 17, 8 p.m.) London, August 16. The Bank of England return issued for the week ended Wednesday, August 15, is as under:— Issue Department. Note Issue £69,536,000 Gov. dobt... f 11,015,000 , Other securities 7.434,000 Gold 61.057.000 i' 69.636.000 1-69,036,000 . BANEING DIiPARTMEXT. Proprietors' Gov. securlcapital £ 14,353,000 lies .£56,541,C00 Public de- Other securiposits ... 15,510.000 tiu6 101,075.000 Other do- ' posits ... H6.<H9,000 Notes 29,491,000 Rest, 7-day and other bills ... 3,545.000 Coin 2.550.000 •£100,557,000 £180,557,000 The leading items of the Bank of England return afford the following campariBon:— This week Last week Tjb.bl year £ £ £ Bullion 51.057.000 60.809.000 65,516.000 Reserve ... 32.011,000. 31.173,000 10.158.000 Note Circulation 10,015.008 10,366.000 35.706.000 Public Doposits 16,510,000 47,165.000 5i.2-22,000 Other Doposits 126,940,000 130.424,000 93,863.000 Proportion of re6orveß to liabilities 18.59 17.69 00.00 GOVERNMENT SECURITIES. The following arc the latest Quotations for Consols and Colonial Government Securities in comparison with those ruling last week:—

MONEY MARKET. Tho Bank of England discount rate was on January 2. 1914, 'reduced from 5 to 4 J per cent., on January 22 it* was reduced .to 4 per cent., and on January 28 3 Der cent. On July 30 the rate was raised to -1 per cent., and on July 31 it was raised tf. 8 per cent., and on August 1 it was further advanced to 10 per cent. On August. 6 tho rate was reduced to 6 per cent., on August 7 it was furthor reduced to 5 ner tent., on July 13. 1916. it was raised to 6 Bcr cent., on January 12, 1917, it was reduced to 5J per cent;, .and on April 5 it was furthof reduced to 5 per cent. OPEN MARKET IUTB3. The open market dincount rate for three months' bills at .43 per cent., as compared with 4J per cent, last week and 53 per ccai last, year. Short loans are quoted at 4$ per cent, as against 4J ser oent. last week and 43 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat—The market is lifeless. No Australian is offering; Flour.—Quiet. Nominally unaltered; no Australian is offering. Oats, beans, and peas are firm, but market quiet. Sugar.—Unchanged. Butter.—Very Etarce. All sorts aro firm at the maxima, which probably will not change till to-morrow. THE METAL MAEKET. Copper.—Spot. £120 ss. per ton; threo months. £119 15s. Tin.-fipot, £244 17s. 6d. per tpn; three months, £243 7s. 6d. I 'Bar Silver.—44d. per oz. ete-ndard.

i ci nr ,t. This Last Stock Week Week l!l% Imperial Consols g. \% *. »• d d o ,. War Loan oi n< s n 3j,. War Loan M 7 6 >fl7 0 0 A ,,N.S.W.1933Jan-Juljr |A it b ra 0 0 3i,,N.S.W.lKO-5OJIr.-tip £„£ J *ot XO 0 3i „ N.S.W. Early Ourr. ™ » 2 ,n n 0 3 „ N.S.W. 1925 Apl.-Oct 70 10 0 71 0 0 ii „ Tic. 1921-6 Jan.-July a* 10 0 84 0 0 3i,. Vic. 1920-1949 7110 0 71 0 0 3 „ Vic. 1923-49 Jan.-Jly 62 15 0 63 0 0 35 ,,8.A. 1916 Jan.-July 72 50 12 0 0 3 „ S.A. 1916 Jan.-July 57 0 0 67 0 0 4 „ QTd 1915-24 Jan.-Jlj 80 17 6 00 0 0 3!..QTdl922-47Jftn.-Jly 66 7 6 6610 0 3 „ QTd 1922-47 Jan.-JlJ 62 5 0 S) 0 0 A ,,N.Z.19291lay-Sov. 66 15 U S6 0 0 3J ,,N.Z. 1912-40 Jau.-Jly 73 13 6 73 0 0 3 „ N.Z. 1920 AprU-Oct. 61 10 0 64 0 0 31 ,,W.A. 1515-35 My-Nv 11 0 0 71 0 0 3 „ W.A. 1915-35 My-Nov 60 5 0 69 0 0 3i „ 1'as. 1920 Jan-July 7U 10 0 7-2 0 0 •3 ,. Tas 1920-40 Jen.-Julj 65 0 0 65 0 0