COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3173, 25 August 1917, Page 10

COMMERCIAL ITEMS

, INVESTMENT SHAKES. A sale of Bank of New Zealand shares (£6 13s. 4d. paid) at £17 31s. was reported yesterday. The quotations were as foliovv;— . . , Buyers. Sellers. £ s. d. £ s. d. Bank N.Z: (£6 13s. 4d.) ... 17 10 0 1714 0 Metropolitan Building 1110 0 — Well. Trust and Loan ... — 7 0 0 Ohristchurcli. Gas (£5) ... 6 1 6 —... 'N.Z.. Insurance t.r. — 8 0 0 Auckland Tr-ams — ' 12 0 Well. Woollen (ord.) ... — 615 0 Westport-Stockton (pref.) , — 012 3 Leyland-O'Brien I', 6 6 — Golden Bay Cement — 110 Scoullar and Co., Ltd. ... — 14 0 WaTd and l Co 5 5 6 5 10 6 Customs duties collected- at the port of Wellington yesterday amounted to £5768 \ 2s. lOd. i , FHOZEN- MEAT MABXET. Messrs. Gilbert Anderson and Co. (Messrs. Molleop. Eliott and Co., Palmcrston North local agents) report ou the frozen meat .market, under' date London, June 1, as follows:— The chief feature of the market lias been tho abundance of frozen and chilled . beef, for which tho demand has been very poor, resulting in a considerable fall in values. New Zealand lambs are now' more plentiful, and haTO tended to ea-so the situation somewhat, but tho trade isby no means adequately supplied with them. There are very few frozen shecD m tho market. Market Prices for Weeks Ending: ■ Junol, June 2, May2s, 1917. 1916. 19i7. Home-grown— . Beef, sides 125-14 U5-12J 135-14 i Mutton, wethers ... 16i-19 11 -15 17 -194 Mutton, ewes 14J-15J 11-111 14S-16 Mutton, Dutch — — — Tegs 17 -20 131-15$ 174-20 Lambs 17 -20 15 -161 18 -20 Pork 13 -144 81-111 13 -14 Veal, best 131-15 131-16 13J-15 Frozen— • Mutton, N.Z. and Aus. wethers 8J 8i- 8J 8J Ewes 81 SJ . 81 '6. Amer. wethers... 10 10 -92 30 Lamb, N.Z. and Aus. 10 91 10 8. American 11 121 n • Pork, U.S.A Hi 81 ill Ohilled— Argentine oi fores aud hinds 91-111 103-12 103-131 BANK OF ENGLAND RETURN. (Australian-New Zealand Cable Association.) (Kcc. August 24f 8.20 p.m.) r London, August 23. The Bank of England return issued for tho week ended Wednesday, August 22, is as under:— Issue Depabtjient. Note Issue £70,082,000 Gov. debt... £11,015,000 Otbor securities 7.434,000 Gold 61,633,000 i 70.082.000 ±'70,082,000 Banking Djepamhent. Proprietors' Gov. securicapital - £14,053,000 ties £50,483,000 Public do- Other Eoouriposita ... 44,701,000 ties..., ... 10D,880,000 Other deposits ...127,244,000 Notes 30,118,000 Best, 7-day and other . bills ... 3,513.000 Coin .2.521.000 £100,011,000 £190,041,000 The leading items of tho Bank of England return afford the following camparison:— This week Last week Last year Bullion 51,633.000 $1,057,000 ; 05.254,000 Reserve ... 32,660,000 ' 32.041,000 40.061,000 Note Circulation 30.934.000 40,045.006 35,536,000 Public Deposits 44.701,000 46,510,000 61.428.000 Other Deposits 127,244,000 126,949,000 101,752,000 Proportion o( reserves to liabilities - 19.00 18.59 20.15 GOVERNMENT SECtJB-ITIES. Tho following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:— ■ ■ ,

on January 2. 1914, reduced from 5 to 4i per cent., on January 22 it was reduced to 4 per cent., and on January 28 3 uer cent. On July 30 the rate was raised to 4 per ccnt., and on July 31 it was raised tc 8 por cont., and 011 August 1 it was further advanced to 10 per cent. On August, 6 the rato was reduced to 6 per cent., on August 7 it was further reduced to 5 Dor tent., on July 13, 1916, it wus raised to 6 per cent., on January 12, 1917, it waß reduced to 51 per cent., and on April 5 if was further reduced to 5 per ccnt. OPEN MAItKET KATES. The open market discount rate for three months' bills at 43 per cont., as compared with 4J- per cent, last week and 55 per ce*n last year. Short.loans aro nuoted at 41 per cent, as against 41 per cont. last week and 4S per ccnt. last year. COLONIAL AND OTHER PRODUOE. (Rec. August IA. 11.15 p.m.) By Telegraph—Press Association—Copyright London, August 25. Excessive rain has boaten down the com in many parts of England, seriously affecting the harvest prospects. In wheat and flour there is limited business. Oats.—Firm, but quiet. Peas and Beans.—Steady; inactive. Sugar—Unchanged. Butter.—Scarce. Australian and New Zealand/ stocks are cleared till new arrivals are available. Quotations aro nominal at the maxima.' Danish is quoted at Manchester at 300 a. TIIE METAL MARKET. (Eec. August 24, 11.20 p.m.) London, August 24. Tin—Spot, £242 25., 6d.; three months, £239 12s; 6d. Other-metals are unchanged.

21% Imperial OodboId £ s „' d / * 6 ' d - 6 Wbp Ob U b fib 0 0 DUO 0 01 S 0 Si.. vv ar Loan m in o ra ? < k 4 „N.8.W.19i3Jan-Jul> » , , | 3i„N.S.W.1930-60Mr.-Sp K V, S £:," * JJ „ N.S.W. Early Ouxr. SJ .5 " " - g 3 „N.S.W.1925Apl.-Oct $10 0 in 10 o .4 „ Vic. 1920 Jan.-July £$ „ J? J2 2 31 „Vic. 1921-6Jan.-Jliy £10 ° 31 „8.A. 1916 Jan.-July 72 o o 7-2 0 0 J ,, 8.A. 1916 Jaa.-July '67 10 0 67 0 0 4 „QTd. 1915-24 Jan.-Jly eo.7 6 00 17 G ■ 3j „ QTdl922-47 Jan.-Jly 87 0 0 66 7 6 3 „ QTd 1922-47 Jan.-Jf} 62 0 0 6a 5 0 4 „N.Z.1929May-Nov. E6 5 0 86 15 0 31 „N.Z. 1912-40 Jan.-Jly 73 7 6 731a 6' ,3 „ N.Z. 1920 April-Oct. 64 0 0 64 10"~0 I 31 ,,-WJL. 1915-35 My-Nv 74 0 0 74 0 0 3 „ TV.A. 1915-35 My-Nov 69 10 0 60 6 0 ' 31 „ Tag. 1920 Jan-Jnly 73 15 0 73 10 0 3 „ Tas 1920-40 Jan.-Julj 65 0 0 65 0 0 MONEY MARKET. The Bank of Eneland discount" rate was