COMMERCIAL ITEMS

Dominion, Volume 11, Issue 16, 13 October 1917, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's quotations for investment shares were/, as follow:— Buyora Sellers. , £, s. d. £ s. d. National Bank 5 4 0 — ' Bank N.Z. (new) - 1712 6 N.Z. and River Plato ... 116 0 — Auckland Gas (con.) 10 0 10 6 Well. Gas (£10) .12 £ 0 - National Insurance — 2 19 0 Jluddarl-Parkor (ord.) ... - 11J 0 Union Steam (pref.) ... I 1 3 —

Taupiri Coal 015 3 — Westport Coal 18 9 - WcstiporkStockton — 0 8 6 Wnipa Colliery 0 18 0 - Colonial Sugar (Aus.) ... 22 17 6 - Golden Bay Cement — 10 0 Customs duty collected at tho port of Wellington yesterday amount/)! to £923 16s. sd. BANK OP ENGLAND RETURN. By Telegraph-Press Association-Copyright (Rcc. October 11, 8.15 p.m.) , London, October 11. The Bank of England return issued for I the week ended Wednesday, October 10, is as under:— Ibsue Department. Note Issue £71,676,000 Gov. debt... £ 11,015,000 Other securities 7,434.000 Gold 63,227,000 £71,676.000 £71,676,000 Banking Depabtmekt. Proprietors' Gov. securi- i capital ...£14,653.000 ties ... £58,573,000 Pnblic do- Other securi- j ' positß ... 43,166.000 ties 83,043.000 Other deposits ... 119,625.000 Notes 20,038.000 Best, 7-day and other bills ... 3,121.000 Coin 3.27-2.000 , £179,485,000 £170,483.000 The leading items of the Bank of England return afford the following comparison :— This week Last week Last year Bullion 53.227.000 53.303.000 53.314.000 Kesorvo ... 52.HC0.000 3-2.348.000 57.202.0U0 Note Circulation 41,678.U0u 41.821.000 36.854.000 Public Deposits 42,1t5,000 42,512.000 55.135,000 Other Deposits 110,625.000 128.745,000 109,361.000 Proportion of -reserves to liabilities 19.03 15.83 2-3.70 GOVERNMENT j The following aro tho latest quotations for Consols and Colonial Government Se--ourities in comparison with those ruling last week:— Stock P't #"* Week Week 21% Imperial Consols f ;. 6 - (1 • * *•&■ 5 „ War Loau f.5 ° ° f. ° ° ii„ War Loan "j! » « WJ» « 4 „ N.K.\V.«33 Jan-July »x? £ 3J„N.5.W.1950-50Mr.-Sp 0 0 83 5 0 3i„N.S.W. Early Curr. f a \ ° ™\ \ ' 3 „N.5.W.1925Ap1.-Oct '° .\ " ™ * « 4 „Vic.l92oJan.-July f. " °. ™ ? ? 3J„ Vic. 1921-6 Jan.-July " 5 S? n n 3J„ Vic. 1920-1949 ®° " B J. ° » 3 „ Vic. 1929-49 Jan.-Jly S „ S 62 10 n 31 „S.A. 1916 Jan.-July f, 1 ! ° f„ w . » 4 "ifoaUMte! J? " ° ° bh ° ° f-fflflftfi, s°"o "100 3 „Q 1 d 1922-47 Jon.-Jlj g t i B2 0 0 35 „ N.Z. 1912-40 Jan.-Jly 73 7 6 73 3 6 3 „ N.Z. 1920 April-Oct. 63 0 0 63 0 0 31 „W.A. 1515-35 My-Nv 73 5 0 73 0 0 3 „ W.A. 1915-35 My-No? 68jl0 0 68 5 0 31„Tas. 1920 Jan-July 72 5 0 73 5 0 3„„ Ta61920-40 Jau.-Julj 65 7 6 65 0 0 ' MONEY MARKET. The Bank of England discount rate was on January 2. 1914. reduced from 5 to 4J per cent., ou January 22 it was reduced to 4 uer cent., and on January 28 3 oer cent. On July 3u tne rate was raised to 4 per cent., and on July 31 it was rahsed tc 6 per oont., and on August 1 it was further advanced to 10 per cent. On Augubt 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to 5 per July 10, 1916, it was raised to o per cent., on January 12, 1917, it was reduced to 51 per cent., and ou April 5 I* was further reduced to 5 per cent. OPEN MARKET RATES. Tho open market discount rate for three months' bills at 43 per' cent, as compared with. 4} per cent, last week, ana 5 9-16 per cent. last year. Short loans are quoted at 4J per cent., as againßt 4J per cent, last week and 5 per cent, last year. Tho Stock Exchange is cheerful in tone as the result of tho war and stocks showman upward tendency all round. COLONIAL AND OTHER PRODUCE. Butter.—ln shortest supply, owing te smalt arrivals.. Danish is soiling at 4165. No official announcement haß been made regarding the. purchase of the Australian . surplus. There is some (fncertainty as to whether it will bo completed. Wheat.—No cargoos offorintr; smaU sales. Australian, ex quay, 71s. 6d. Flour.—Very firm demand, greatly exceeding offerings. Oats. Peas, and Beans.—Quiet, market steady. Sugar.—Unchanged.