COMMERCIAL ITEMS

Dominion, Volume 11, Issue 40, 10 November 1917, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAKES. Yesterday's quotations lor imeatment eliarea wore as follow:— - Buyers. Sellers. £ a. d. £ s. d. National Hank — 5 9 0 Bank N.Z. (old) 12 5 0 12 7 6 Bank N.Z. (new) 17 9 0 17 12 0 National Mortgage J 17 0 — N.Z. and itivor i'late ... 1 16 U Well. Trust and Loan ... - 5 17 6 Wellington Deposit 0 6 3 — Napier Gas (£10) — 14 0 0 N.Z. Refrigerating (£10) - 1915 0 Well. Woplleu (ord.) - 6 15 0 Well. ,Woollen (pref.) - 4 2 0 Westport Coal 1 9 II 19 6 Waipa Colliery 0 18 0 0 18 3 Banks. Ltd. (pref.) - 10 0 Ooldcu Uay Uument — 019 S Customs duty collected at the port of Wellington yeetcrday amounted to £4591 6a. FROZEN MEAT MARKET. Messrs. Gilbert Anderson and Co. (Messrs. Itellsop, Eliott and Co., Palmerston North, local agents), report on the frozen meat market, under dsito London July 15, 1917, as follows :— MEAT MARKET. Home-grown—Supplies have mot a very dull trade, and lower prices hare been Ukon. Frnzpn— Thir* is no alteration in the situation; shipments being light aßd prices,of Australasian—and rccenly South American mutton and lamb—being much below their true value, they will sell readily, and do not fill the requirements of the trade, which hae now reached its highest point. ■ Market Prices for W>eks Endlnc: July 13, July 14, July 6, 1917. 1916. 1917. Home-grown-Beef, sides 13-15 10M21 14J-16 Mutton, wethers ... -"14J 17 11 -13 14J-17J Mutton, ewea \} -H 9540 131-145 i<«S L 16 -17 12 -125 17 -18 15 -181 12 -14 lo -u Pork ijj.ls 1141} 1344 VenJ 141-161 13-141 15 -16 Frozen— Mutton. N.Z. and Aus. wethers 81 82- 8J 82 • Ewes 3J 8j 8j Lamb, N.Z. and Aus. 10 % . 10 ?>•■ f m ?T r l C! 1 11 115-101 11 Pork, U.S.A. in si- 83 . 1H S. Amer. wethers ... 10 9j. 9 10 ChilledArgentine ox, fores 10J 71 93 Argentine- ox, hinda 13 9J 124

P. AND O. DIVIDEND. luitralian-New Zealand Cable Association: London, November 8 The directors of the P. and 0. Company will declare a dividend on tho company's deforred stock of 6 per cent, and a bonue of 6 per cent., making 12 per cent, in all, ipayablo in December. BANK OF ENGLAND RETUHN. By Telograph—Press Association—Copyright (Kco. November 9, 11.20 p.m.) London, November 8. The Bank of England roturn issued for the week ended Wednesday, November 7, is as under:— Issue Department. Note Issue £ 73,728.000 Gov. dobt... £11,015,000 Other soourlto' IMl.m Gold 54.Q7n.000 i 72.7-25.000 i 72.728.000 ' Banking Depabtjient. Proprietors' Gov. securicapital ...114,553,000 ties ... £58,883,000 Public de- Other securiposits ... 43,409,000 ties 01,155 000 Othcv deposits ...121,037,000 Notes 30.33S 000 Rest, 7-day end other bills ... 3,200.000 'Coin 1.913.000 £183,269,000 £182,269,000 The leading items of the Bank of England return afford the following comparison:— ' . This week Last week Last year £ £ £ Bullion 54,279.000 63.936.000 54,589.000 Rosorve ... 32,251.000 32.074.000 37.773,000 Note Circulation 4-2.390.000 42,401.000 37.173.000 Public Deposits 43.459,000 43,844,000 51,507.000 Ofchor Deposits 121.037,000 122,366,000 112,252,000 'Proportion of reserves to liabilities 19.60 19.30 24;20 ' GOVERNMENT SECURITIES. The following aro the latest quotations for Consols and Colonial Government Securities in comparison with those ruline last week:— |

I ~ ■ MONEY MARKET. The Bank of England discount rate was on January 2. 1914, reduced from 6 to Hi per cent., on January -22 it was reduced to 4 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 was raised : te B per cent., and on August 1 it was further advanced to 10 per cent. On August, 6 the rate was reduced to 6 per cent., on August 7 it wasfurthor roduood to 5 per tent., on July 13, 1916. it was raised to 0 Der cent., on January 12, 1917, it was reduoed to 51 per cent., and on Auril 5 It was further reduced to 5 per cent. OPEN MARKET RATES. The open market discount rate for three months' bills is 4} per cent., as compared -with 4J per ceuti last -week, ana 81 per cent, last year. ' Short loans are quoted at 4J per cent., as against 4} per cent, last -week and 4jj per cent, last year. COLONIAL AND OTHER PRODUCE. Butter—The market is at a standstill in the absence of supplies till a cargo of New Zealand arrives. This is expected next woek. It is believed that tho Government will pay the , difference between the maximum and the shipper's price for Danish, in order to secure Danish supplies. .These lately do not exceed 250 tons per woek. Sugar.—Unchanged. Wheat.—Businoss restricted, little offering. Flour.—ln good demand. No Australian offering. Beans and Peas—Firm, unchanged. Oats.—Loss inquiry. THE - METAL MARKETS. Tin.—Spot, £265 ,12s. 6d. per ton; throe months, £264 2s. 6d. Bar Silver.—433d.. per oz. standard. Other metals unchanged.

Stock ,T, hi ? Ijasfc eek Week ZJ'/i Imperial Consols f 5 ■■ g d 5. „ War Loan 53 }5 » ° ° 3J„ War Loan S? a I S ! 2 ° 4 „ H.S.W.1333 Jan-July « S I ® ■3J„S.S.W.19o0-50Mr.-Bp |h 10 S m ? I 34„iN.S.W.Early Curr. I ® 3 „ N.S.W. 1925 Apl.-Oct 12 2 2 IS ® ® 4 „ Vic. 1920 Jan, July |2 ,g ° ®" ° 31 ..Vic. 1921-6Jan..July « , 9 ® 3i„ Vic. 1920-1949 o 69 IB n 3i"s f!1 ° 1 62 10 0 31 ,,8.A. 1916 Jan, July n 7 6 72 0 0 3 „ b.A. 1916 Ja.n.-July 57 io n M » fi 4 „ QTd 1915-24 Jan.-Jly go 10 0 M 10 0- \ 31 „ QTdl922-47 Jan.-Jly & 15 0 8715 0 3 „QTd 1922-47 Jan.-Jlj mug 5 0 4 „ N.Z. 1929 May-Kov. 64 16 0 '84 16 0 31 „ N.Z. 1912-40 Jan.-Jly 76 2 6 73 5 0 3 „ i\.Z. 1920 April-Oct. 62 10 0 63 6 0 31„ W.A. 1915-35 My-Nv 73 5 0 73 6 0 3 „ W.A. 1915-35 My-Nof 68 5 0 68 0 0 31 „Tas. 1920 Jan-July 72 2 6 72 2 6 3 ,1 Tas 1920-40 Jan.-Julj 65 0 0 Co v 0 0 'Without interest.