COMMERCIAL ITEMS

Dominion, Volume 11, Issue 28, 27 October 1917, Page 12

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's quotations for investment shares were as follow:— Buyers. Sellers. £ *. d. find Bank N.Z. (old) - 12 7 0 Bank N.Z. (new) - 1711' 0 National Mortgage 3 17 0 — Well. Investment - 0 11 3 Well. Trust and Loan ... 5 12 6 — Well. Gas (.€10) 12 15 0 - National Insurance 217 6 ' — N.Z. Insurance 7 16 0 — S.B. Insurance 5 16 0 6 17 I) .Standard Insurance 1 19 6 — N.Z. Refrigerating; (£4)... - 8 0 0 .Huddart-Parkcr (ord.) ... — 113 6 Union Steam (pref.) 113 — Westport Coal 18 9 — Westnort-Stockton 0 8 0 — Waipa Colliery — 018 S dolonial Sugar 23 0 0 — Golden Bay Cement — 0 19 9 Customs duty collected at the port of Wellington yesterday amounted to £11,745 ss. lOd. AUSTRALIAN PRODUCE. By Telegraph-PreßS Association-Copyright. Sydney, October 26. Oats, Algerian, feeding, 3s. 3d.; milling, 3s. 6d. and 3s. Bd.; Tasmanian 3s. lOd. and 4s. Maize, 4s. sd. and 4s. 6d. Potatoes, none offering. Onions, £25 to £28. Adelaide, October 26. Oats, 2s. 7d. and 2s. 71d.

BANK OF ENGLAND EETTJEN. By Telegraoh—Press Association—Copyright (Rec. Octobor p.m.) London, October 25. The Bank of Eugiand return issued for the week ended Wednesday, October 24, is as under:— ISBOn DEPABTIIF.ST. Note Issue £71,833,000 Gov. debt... £11,015,000 Other socuritlos 7,431,000 Gold ... ... 53,101,000 i71,853.C00 ' £71.853,000 ' Banking Department. Proprietors' Gov. Eccuricapital ...£11,553.000 ties ... £58,066,000 Public de- OlliersecuriPo6lts ... 40,055.000 tics 90,635,000 Other de- . posits ...123,214,000 Notes 30,243,000 Best, 7-day and other bills ... 4,128.000 Coin 3.136.000 £181,980,000 £181,080.000 The leading items of the Bank of England return afford the following son:This week Last week Last year Bullion 53.404.000 63.834.000 64.178.000 tlesorve ... 32.379.000 3a.846.000 37.827.000 Note Circulation 41.610.000 41.630.000 36.656.000 Public Deposits 40.055.000 42.732,000 6-2,543,000 Other Deposits .124.244.000 132.069.000 112,172.000 Proportion of ■ ( reserves to liabilities 10.70 13.79 • 22.96 GOVERNMENT SECURITIES. The following are the latest quotations for Consols *■ and Colonial Government Securities in comparison with those ruling laßt woek:—

MONEY MARKET. The Bank of Eneland discount rate was on January 2. 1914, reduced from 5 to 4i per cent., on January 22 it was reduced to per cent., and on January 28 3 per cent. On July 3u tne rate was raised to 4 per cent., and on July 31 it whb raised tc B per com., and on August 1 it was further advanced to 10 per cent. On AucuHf. b the rate was reduced to 6 per cent., on Ausust 7 it was further reduced to 5 nor cent., on July Is. 1916, it was raised to 0 per cent., on January 12, 1917, it was reduced to 51 per cent., and on April 5 it was further reduced to 5 per cent. OPEN MABKET RATES. The open' market discount rate for three months' bills is 4} 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 against 41 per cent, last week and 51 per cent, last year. COLONIAL AND OTHER PRODUCE. Butter.—The arrival of a New Zealand cargo has only slightly relieved tho mar* kct, which is practically bare, and likely to remain so for fully a month. Many retailers are without mpplios. At a meeting of the Produce Exchange- it was decided to ask the Food Controller to raise the maximum prico of colonial butter. It is anticipated that a favourable reply will be received. Wheat.—Quiet, prices unchanged. Flour.—Activo demand. Supplies aro very' short. Oats, Peas and Beans—firm, no Australian or New Zealand offering. Sugar.—Granulated, 465. 9d. THE HETAIi MARKETS. Tin.—Spot and forward delivery, £247 7s. 6d. per ton. Bar Silver.—4lsd. per oz. standard. Other metals unchanged.

Stock % Last Block We . k Woek 21% Imperial Consols £ 8 ; f, *• 5 „ Wir Loan 5? ,5 ° « « ° 31.,. War Loan Sg J£ 9 S S 2 4 „K.S.W.lS33Jan-Julj 1 j 9 ® ° 31„..N.S.W.1930-50 1ir.-Sp gd S I " g ® i'-NHW-MMoEi 0 S 5 a ■ 3 „ Pi.a.tt . 1925 Apl.-Uct fia ic n in n n 4 „ Vic. 1920 Jan.-July H % 9 ™ ° ° 31 >■ Vic. 1921-6 Jan.-July Si? S K 9 3i„ Vic. 1920-1949 6915 0 K 17 6 «" 62 10 0 63 0 0 31„t>.A.19!6Jan.-JuIy 73 16 73 0 0 a 'Vvitii«ri a f'" JU T, y 67 0 0 57 6 0 4 Q 1 a 1910-24 Jan.-Jly go 2 6 90 15 0 3i „ Q'l'dl922-47 Jan.-Jly 87 12 6 87 16 0 3 Q'l'd 1922-47 Jttn.-Jlj 62 10 0 '62 10 0 ■ 4. „ N.Z. 1929 May-Nov. 8 4 IS 0 85 0 0 ' 31 „ N.Z. 1912-40 Jau.-Jly 73 5 0 73 6 0 3 „ N.Z. 1920 Aprll-Oct. 63 0 0 63 5 0 31 „ W.A. 1515-35 My-Nv 73 6 0 73 0 0 3 ,, W.A. 1915-35 My-Nov 68 2 6 68 5 0 31Tas. 1920 Jan-July 72 2 6 72 6 0 3 „ Xas 1920-40 Jttu.-Julj 65 0 0 65 0 0