COMMERCIAL ITEMS

Dominion, Volume 13, Issue 252, 19 July 1920, Page 8

COMMERCIAL ITEMS

' INVESTMENT SHABES.

■ CUSTOMS BBVENUE. The Cußtoms revenue collected at the port of' Wellington yesterday totalled £2894 15b. 6d. BANK OP ENGLAND BETUBN. Australian-New Zealand Oable Association. London July IS. The Bank of England returns for the week ended July 14 are as under:— ISBCB DEPARTMENT. Notes leaned £121.238.000 Gov. doM- i 11,015.000 Other securlNotei In ties ... ... 7,134,000 MierT# 15.681 000 Gold 121,170.000 ' £139,919,000 Banking Dembtkent. Fiorrletors 1 Gov.-securi-capital ...£14J£3,000 ties ... f59.43f1.000 Public de- Other sccuiiposits ... 17,671,000 ties ... f ... 78,623,000 Other do-. ' . ■ posits ... 119,623,000 • Notes in .- Rest, 7-day reserve ... /15.681,000 and other Coin in bills ... 8.807.000 reserve... 1.411,000 £155,154,000 £155.154.000 The loading items of the Bank of England return afford the following comparison:—. , Thiß week last week last year Bnllion ... '... 121 170,000 119.485,000 86,551,000 ■ Reservo ... 17.002.000 16.444.000 28.257,000 Note Circulation 124,238.000 122.744.000 T8.897.000 Fubiio Deposits -17-671.000 17.686.000 21.515.000 Other Deposits 119,623.000 117.035.000112,623 000 Proportion of resoles to liabilities 12.45 12-20 20.50 , GOVERNMENT SECURITIES. Following are latest - quotations for Imperial and Colonial Government securities:

MONEY MARKET.' Tho Bank of Eneland discount rate, which had stood at 5 vor cent, since April 5. 1917. on which date it was reduced rrom 51 Tier cent.. was raised to 6 per cent, on November 6. 1919, and to 7 per cent, on April 15. 1920. OPEN MARKET RATEB. The open market rate for three montln' Mil* Is 68 per cent., as compared with 6 3-S per cent, last week and 3J per cent, last year. Short loans are quoted at 5| per cent, against oi per cent, last week, and 3} per cent, last year. LONDON MARKETS. Australian-New Zealand Cable Association, (Rec, July 18, 11.5 p.m.) London, July 17. Cotton—Liverpool quotation for American middling upland, August delivery, 25.16 U. per lb. Hemp.—Dull. May-July shipment, £53 per Jute.-Quiet, August-September flhipment, £46 per ton. Rubber.—Pine, hard Para, Is. lid. per lb.; plantation, first latex crepe, Is. lOfid.; Bmoked ribbed sheet, Is. 9Jd. Copra.—July-September shipment, £46 nominal. , , Linseed oil, £73 per ton, equal to £5 10s. per gallon. Turpentine. 181s. 6d. per owt, equal <o 13s. Bd. gallon.

Saturday's (flotations for Investment shares were aa follow:— Buyers. • Sellers. £ ii. d. , £ s. d. Inscribed Stock, 1939. 1938 , - A 95 17 6 National Bank 6 13 0 . 6 15 0 Bank N.S.W ...... • 35. 2 6 Bank K.Z — .'85. 0 0 Union Bank' — 14 0 0 Abraham and Williams 6 0 0. — OoldBbrongh Mort 2 7 0 — Metropolitan Permanent 1J 0 0 — Well. Trust and Loan 6 6 0 — Well. Deposit and Mort. 0 8 9 0 9 9 Auckland Gaa (paid) 16 9 — Well. Gas (£10) 10 Id .0 Well. Gas (pref.) 0 16 6 — South British Insurance — 10 10. N."Z. Refrigerating (£1)... 2 8 0 — N.Z. Eefrieeratine- (10s.)... — 15 9 Gear Meat 8 10 — Huddart-l-arlter (ord.) .. 2 15 .0 216 0 Kaiapoi Woollen (rights) — . 0 9 0 Hlkuraniri Goal — 017 6 Waipa Colliery — 017 0 Leylatid-O'Brlen Timber 112 9 115 0 Howard Smith — 2 5 0 Sharland and Co 19 6 —. WairWapa Farmers (pref.) 10 6 — Wilson's • Cement 0 16 0 0 16 6

. ThiB Last ■ Stock VTeek Week |J% ImpMial OOBBOXB f 7 B / 0 u" Kt™?? B6 5. 0 S5 15 0 I:££Lm K ! «|. ?:is8ssai sr. .s s 63 17 6 63 10 0. T Ap j'"? f'O 6 o 59 10 o 4 , " 08 15 0 03 0 0 3i„Vic.l9£-49Apl.-Oct 81 12 6 El 0 0 3J „ Vic. 1921-6 Jan-Jly a; 7 6 - 57 0 0 5 „Vio. 1929-49 Jan.-Jul 80 15 0 60 0 0 3J „ 8.A. 1916 Jan.-July 65 15 0 65 0 0 1 „ 8.A. 1916 Ja.l).-July 48 0 0 48 0 0 <1 „QTd 1915-M Jou.-.Tly 80 0 0 86 0 0 ij „ Q'l'dl922-<7 Jan.-Jly 65 0 0 65 0 0 31 „0.T(11930-50 Mar-Aui 01 0 0 91 o 0 2 „QTd 1922-47 Jan.-Jlj 54 5 0 61 0 0 4 „ N.Z. 1929 May-Nov. 83 15 0 81 10 0 3i „N.Z. 1912-40 JoD.-Jly 66 0 0 65 10 0 3 „ N.Z. 1920 April-Oct. 66 15 0 58 0 0 3J „ W.A. 1515-35 My-Nv 70 15 0 71 0 0 3 „ W. A. 1915-35 My-Nor 67 17 6 6S 0 0 3J „ Ta,s. 1920 Jan-July 65 10 0 61 10 0 5 .. Tub 192040 Jan.-Julj 61 0 0 61 0 0