COMMERCIAL ITEMS

Dominion, Volume 12, Issue 10, 7 October 1918, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. . Saturday's quotations for investment shares were aj toUow:— Buyers. Sellers. £ s. d. £ s. d. Bank Australasia 122 0 0 - National Bank (London register) — 615 0 National Bank 610 6 — uank «.Z. loid) l-> i i — Bank N.Z. (new) 18 2 6 Union Bank 5810.0 - Equitable Building 9 2 6 — Metropolitan Building ... 11 1 0 — National Mortgage 4 7 6 — Well. Investment 0 10 9 - Auckland Gas - 17 9 Well, Gas (£10) - 1115 0 National Insurance 3 5 0 — N.Z. Refrigerating — 2 § ? \ Huddart-Parker (ord.) ... - 2 3 6 Union Steam (pref.) 11l — P. and O. Def. Stock ... 400 0 0 410 0 0 Kaiapoi Woollen (0rd.)... 715 0 - Well. Woollen (ord.) - 716 0 Well. Woollen (pref.) 416 0 - Westport Coal 111 0 111 6 Westport-Stoekton - 0 9 0 Wnipa Colliery 0 16 0 — KAurl Timber (335.) - 1110 Loyland-O'Brien 1 7, 0 — Tarlngamutu-Totara ....... 10 6 — D.1.0. (preference) 10 0 - N.Z. Taper Millß :. 12 8 - Wellington Oordage 12 6 ' — Wilson's Cement 0 15 3 — Customs duties collected at the port of Wellington on Saturday amounted to £1069 7s. 9d. * • P. AND O. STOCK. Australian-Now Zealand Cable Association. (Kec. October 6. 5.5 p.m.) P. and 0. deferred stock is quoted at £445. VISIBLE WHEAT SUPPLY. (Eec. October 6, 5.5 p.m.) New York, October 4. The Chicago estimate of the visible wheat supply east of tho Kockies is 11,865,000 buskcls.-Aus.-N.Z. Cable Assn. BANK OF ENGLAND EETURN. Australian-Now Zealand .Cable Association. London October 4. The Bnnk of England return issued for the week ended Wednesday, October 2, is as under:— IBSDE Df.PABTJIKNT. Notes issued £62.252.000 Gov. debt... f11,015,000 Oilier necurlNotes in lies ... ... 7.M4.0M reserve 27.572.000 Gold 71,375,000 i'B9.SM.OOO Jt80.621.003 BANKING DeMOTMEKT, Proprietors' Gov. seenvi■capital ...£14,553,000 ties ...£57,671.000 Public rte- Other seouriposits - 30,625,000 ties 00,727,000 Other de- „,*,■.,. posits ...137,127,000 Notes in Best, 7-day Teaervo ... 27,572.000 and other' Coin in bills •••. 8.348.000 reserve ... • 783.000 £165,753,000. £185.753.000 The leading items of the Bank of England return afford the following comparison:— ''~.' .This week Last week Lastyear Bullion 71.375.000,70.778.000 53]ii!S.O00 Reserve - 58.355.1 XX) 20,407.000 32.348,000 Note Circulation 62,-20-2,000 60.M5.00j 4t.620.000 Public Deposits 30.525.000 31,1112.000 ■1t.51'2.000 Other Deposits 137.127.000 133,983.000 171-257.W Proportion of resorvogto " ' liabilities 16.85 17.78 IS. GOVERNMENT SECURITIES. The following aro the latest quotations lor Consols and Colonial Government Securities in comparison with those mling last week:—

The Stock Exchange in very cheerful, the outstanding feature being this afternoon's advance of Consols tb £62 55., which Bome attribute to buying by bankers. in neutral countries. Several arrnamont and explosive stocks aro noticeably weakening. MONEY MABKET The Bank of England discount rate on January 12, 1917, was 51 per cent. On April 5 it was reduced to 5 per cent., at which figure it has since stood. OPEN MARKET EATES. The open market discount rate for three .months' billß ia 3J nor coit... as comnan'd with i\ per cent, last week and 43 per cent, last year. Short loans are quoted at 3J per cent., as against 35 per cent, last -week and 41 cont. last year. COLONIAL AND OTHER PRODUCE. Wheat.—Unchanged; a quantity of Australian is on passage, parcels of which were quoted at 795. fid. Flour.—Unchanged. ■ Oats, Peas, and Beans.—Active demand and limited supplies; prices hardening. Sugar—Granulated, 575. 9d. Butter—Supplies diminishing. It is understood that negotiations for the nurchase of the colonial output are approaching completion. Cheese.—Fairly plentiful.

_, , This Last Stock -tVeek Week 21%ImperialOonsol3 f B %'\ 5 „ War Loan !i6 0 0 B5 3 6 ?*•• War Loan 88 15 0 SB 12 0 4 „N.8.ViU!Ai3 Jan-July g , ; , fl o 86 7 6 3i„N.8.W.193M0Ja-Jy ,200 7° 5 0 5 „ N.S.W 1925 Apl.-Oot M u B 71 „ g 4 „ Vic. 1920 Jau.-July os 7 6 e8 la 6 31 „ Vie 1921-6 Jan.-July . 8 g 10 0 69 10 0 31 „ Vic. 1920-1949 71 IS 0 71 0 0 3 „ Vic. 1929-49 Jan.-Jly as 10 0 C5 5 0 3j „8.A. 1916Jan.-July 76 0 0 10 2 6 3 „8.A. 1916 Jau.-July 5310 0 57 10 0 ■ 4 „QT<11915-24 Jan.-Jly M 7 6 P3 5 0 31 „ QTdl922-47 Jan.-Jiy 01 -2 6 111 7 6 3 „ Q'l'd 1922-47 Jan.-Jlj 65 12 6 65 12 6 4 „N.Z.1929May-Nov. 8!) 17 6 f.0 7 6 31 „N.Z. 1912-40 Jan.-Jly 77 5 0 76 10 0 3 „ N.Z.1920 April-Oct. C7 7 6 67 2 6 34 „ W.A. 1915-35 Jly-Hv 77 0 0 78 0 0 3 „ TV.A. 1915-35 My-Nov 7310 0 "74 7 6 31 „ Tos. 1920 Jan-July 75 10 0 75 6 0 ■ 3 ,.Tas 1920-40 Jan.-Juty 66 0 0 66 0 0