COMMERCIAL ITEMS

Dominion, Volume 11, Issue 46, 17 November 1917, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's quotations for investment shares were as follow:- £ i. d. £ s. d. National Bank - 5 8 6 Bank N.Z. (old) - {2 J * Bank N.Z. (new) - » " « N.Z. and River' Plate ... 116 3 -. Well. Trusi and Loan ... — It U b Well. Deposit 0 6 3 Ohriatckiirch Ga3 o ° « - (i }i InfUl'iLJlCC " N.Z. Refrigerating (£10) - WWO Taupiri Coal .' 015 9 - Waipa Colliery - « }« J Ward and Co - 5 10 ° Customs duty collected at the port of Wellington yesterday amounted to £Z4W 7s. lOd. _ WESTPORT GOAL OOMPANY. By Telegraph—Press Association. Dunedln, November 16. The annual report of the Westnort Ooal Company states that the profit, for the year totalled £44.076, which, -with the balance from Inst year, makes £60,964. ~ An interim dividend of 9d. per share was declared for the half-yoar ended March 31. The directors propose a dividend of Is. for the half-year ended September 30. and also to approximate £1000 for' the employees' provident fund, and carry £10,689 Forward. The directors also propose a bonus of 3d. per share from the insurance fund.

BANK OF ENGLAND RETURN. Bv.Telesraph-Preis Association— Oopyrtehk . Eeo. November 16, 9.30 p.m.). London, November 15. The Bank of England return issued for the week ended 'Wednesday, November 14, 1b aa under:— . Issnn Depahtmp.nt. Note Issue £72,257.000 Gov. debt... £11,015,000 Other seourltiflß 7.434,000 Gold 63,818,000 1 ±'72,267,000 X 72.267.000 Banking Department. PronrSetoi'B' Gov, Beourl* capital ...£14.653.000 ties ... £58,721,000 Pnhllc de- Other BocurlSs ... 41.225,000 ties.,.-... 90,103.000 oposits6"...oposits 6 "... 120,511.000 Notes 29,008.000 Beat, 7-dft)' and other . ~ „„„ bills - 4,232.000 ' Com V 89.000 ' £180,621,000 £180,621.000 The leading items of tho Bank of England return afford the following comparison:— This week Last week Lank year £ £ £ Bullion e3.H18.000 54.279.000 54.629.000 ' Reserve ... 31,697,000 32,251.000 38.031.000 Note Circulation 42.859.000 42,890,T00 30,694,000 Public Deposits .11,225.000 43.490,000 53,738,000 Other. Deposits 120.511,000 121,037.000 114,920.000 Proportion of reßorves to liabilities 19.48 15.60 22,65 I GOVERNMENT SECURITIES. j The following are the lateßt quotations | for Conßoiß and Colonial Government Securities in comparison with those ruling last week

MONET MARKET. The Bank of England discount rate was on January 2. 1914, reduced from 6 to 41 per cent., on January 22 it was reduced to 4 per cent., and on January 28 i per ccnl. On July 3U tne rate w»b raised to 4 per cent., and on July SI It was raised tc 8 per cent., and on August 1 It was further advanced to-10 per cent. On August. 6 tho rate was rcduced to 6 per cent., on August 7 it reduced to 5 ner cent., on July J5, 1916, it was raised to » per cent., on January 12,' 1917, it was reduced to 5j per cent., and on April 6 if was further reduced to 5 per cent. OPEN MABKET BATES. Th« open market discount rate for thrco months' bills is 42 per cent., as compared with 4j per cent, last week, ana 55 per cent, last year. Short loans are quoted at 41 per cent., as against 4} per cent, last week and 5 per cent. la3t year. COLONIAL AND OTHER PRODUCE. Wheat—Lifeless, no cargoes offering. Flour.—Strong demand; little available.' No Australian offering. Oats-Steady; quiet. Poas.—Firm. New Zealand, and Tasmanian Maples, 3305. to 140s. per quarjor. Beans.—Firm; unchanged. Granulated, 465. 9d. Butter.—The market is at a standstill pending completion of the scheme of distribution, which is expeelctl daily, forms for traders' applications will be issued on I November 16. They will require a stateI raent of tho qunntity received in 1916. The Food Controller announces that lie will purchase Ireland's exportable surplus, •which will bo treated as imported butter Tho schome will apply to . all butter sold in Great Britain except British-made, the quantity of whloh is relatively small. It is understood that somo colonial iniport r ors desired to secure tho brands vrtnch they usually handled. The trade jscncrally considers this impracticable, as one of the csflyitials of the Bchemc is a fiat rate for all hutters.

ot»«t • I" 11 ' 8 La9 ' btook TVeqk Week • 21% Imperial Consols jf 6 d j j 5 jj ll p 5 „ War Loau P8 15 0 63 12 6 31,. War Loan 85 0 0 85 2 0 4 „ JJ.8.W.1933 Jan-Julj 63 15 0 82 5 0 35 „ N.S.W.1930-50 Mr.-Sp gg jj 6 03 10 0 3J „ N.S.W. Early Curr. 70 6 o 70 6 0 . 3 „ N.S.W. 1925 Apl.-Oot 60 12 6 68 5 0 4 „Viii. 1920 Jan.-July 6i o 95 10 0 31,, Vic. 1921-6 Jan.-July 85 7' 6 85 7 6 34.. Yic. 1S20-1949 70 O O • 69 15 O 3 „ Vic. 1929-49 Jan.-Jly us 0 0 64 10 0 31 „S.A. 1916 Jan.-July 72 7 6 72 7 6 3 „ S.A. 1916 Jau.-July 5710 0 57 10 0 4 „ Q'l'd 1915-24 Jan.-Jly M 10 0 00 10 0 3J „ Q'l'dl922-47 Jan.-Jly 6515 0 85 15 0 3 „ Q'l'd 1922-47 Jan.-JIj 63 6 62 5 0 4 „N.Z.1929 JIay-Nov. fiU7 6 84 15 0 31 „N.Z. 1912-40 Jan.-Jly 73 5 0 75 2 6 3 „ N.Z. 1920 April-Oct. 63 0 0 62 10 .0 31 „ W.A. 1915-35 My-Nv 73 0 0 73 5 0 3 „ W.A.. 1915-35 My-Nor 68 5 0 68 5 0 31 „ Tas. 1920 Jan-July 72 2 6 72 2 6 3 ,. Tas 1920-40 Jan.-Julj 65 7 6 63 0 0