COMMERCIAL ITEMS

Dominion, Volume 13, Issue 269, 7 August 1920, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's Quotation* for investment Bhares were as follow:— Buyers. 'Sellers. £ ». il. £ e. d. Inscribed Stock (1938) ..94 7 6 — War Bonds (1930) 95 0 0 - . National Bank — 615 0 Bank N.S.W - 3415 0 Bank New Zealand 25 18 6 — Union Bank 13 10 0 . . 13 12 6 Goldsbroutrh Mort — 7, 7 0 N.Z. Insurance 112 0 113 0 N.Z. Refrigerating (IDs.) 1 4 i 14 9 Gear Meat 2 2 6 — Meat Em (£3 12s. 6d.) ..496 JTiiddart-Parker (ord.) ... 2 16 3 216 9 Union Steam (pu'f.) 10 0 110 Well. Woollen (pref.) , (cum) 7 0 0 <- Waipa, Colliery — 016 4 Bartholomew's Timber ... ' — 15 6 Kirkcaldie and Stains (pref.) 10 4 — Shnrland and Co 110 0 — ■Wilson's Cement, .— 017 9 WELLINGTON MEA'F, EXPORT COMPANY. The directors 'of the Wellington Meat Export Company, Ltd., in the thirty-first annual report, state.—After psyinp- an interim dividend at December 31 last at the rate of 4 per cent., and providing for depreciation and income tax. there remains at the credit of profit aiut loss account tho sum of £43,027 9s. 6d. The directors recommend that this should be applied as follows:-In payment of dividend at the rate of 4 per tent, for the half-year to June 30 (maklntr 8 per cent, for* the y.ar). £8270 18s. <10d.; in payment of a bonus of .2 per cent.. £4155 9s. Ed.; reserve. £12.000: insurance reserve, £1000; balance to. carry forward. £17,621 Is. 3d' Tho dirciors retiring by rotation are Messrs. Charles lOlgar and J. W. Marshall, who are eligible. and offer themselves for re-election. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday totalled £6896 9s Bd. LONDON TALLOW SALES. Mobs™. Daliety and C 0... Ltd.. report having received the following cablegram from their London house under date AiißUßt 4:—Tallow, firm. Nominal ciuotations, ex warehouse:-Prime mutton, 70s. per cwt.: good colour, mtacd. 655. per cwt.; no colour, mixed, 595. per cwt.: out. 565. per cwt.: prime beef, there a"< sellers at 755. per cwt. PRICES OF METALS. Australian-New Zealand Cable Association (Rcc. August 6. 10.35 p.nrf) London, August 5. Copoer. On snot. £94 2s. 6d. per ton; three months. £96 2s. 6d.: electrolytic incots, £111: wire bars, £116. Lead.—On spot, £37, 10s. per Ion; threo months. £37 15s. Spelter.—On spot, £42 10s. per ton; thrco months, £44. Tin.-On snot, £283 15s. per ton: threo months. £289 - ss. Bar Silver—sßJd. per ounec standard. COLONIAL AM) OTIIEn PRODUCE. (Rec. August 6, 9.30 p.m.) London, August 5. Wheat.—Dull. Australian wheat is not offering. Flour.-Stcady demand; a fair auautity allocated. Oats. Ouict: La, Plata,' on foot. 61s. 6dJ to 625. 6d. Beans— Unchanged. Peas—Dull. New Zealand maples, 115s. Sugar.—Unchanged. EXCHANGE RATES. (Rcc. Aujust 6, 9.30 p.m.) London, August 5. Foreign exchange rates on London are quoted:-Paris. 50.20 francs to £1: Stockholm, 17.56 kroner: Christiania, 23.50 kroner: Montreal. 4.07 dollarw: New York, 3.59 dollars; Calcutta, 22Jd. to rupee. MELBOURNE PRODUCE MARKET. By Telegraph-Press Associatiou-Oopyrlshl Molbourno, August 6. Barley, 7b. 9d„ to Bs. per bushel; Cape. 7s. to 7s. Bd. per bushel. Oats,

AlEcria.il. sb. to ss. 3d. Der bushel. I'o'a* tocß, £11 10b. to £12 per ton. Omoiiß, £14 ty £14 ss. nor ton. BANK 01' ENGLAND RETURN. (Rcc. August 6, 9.30 p.m.) Australian-Now Zealand Cable Association. London. Aukusi 5. The Hank of England return tor tho week ended August 4 is as under:— Issue Dkpautmknt. Notes issued fU5.163.000 Gov. debt- i 11.015.000 Other BccuriNotes in tics 7,434,000 reeerf# 13.489.000 Gold 121,520,000 f139.078.003 4139,078.000 ' Banking Dr.rAnTMF.NT. Pioprietors' Gov. securi- . capital ...£14,553,000 ties ... £(6,266.000 Public do- Other socuriposits ... 17.402,000 ties 74,769,000 Other doposito ... 130.655.000 Notes in Rest, 7-day roßCvvo ... 13,489,000 and othor Coin in billa ... 3.433.000, reserve ... 1-580,000 £160,124,000 £'166.124.000 The leadiuu items of the Bank of England return afford the following comparison :— This week Last week Lnstyoa r £ £ £ Bullion 121.529,000 121 474,000 86,160.000 Roßerve ... 15.069.000 16.315.000 26,634,000 Note Circulation 126.4tj9.0C0 125,360,000 80.128,000 Public Deposits 17,462.00:1 15.14a.000 22,935.000 Other Doposits 130.686,000 118,650,000 09,845-000 Proportion ot resorvos to liabilities 10.17 12.20 21.75 GOVERNMENT SECURITIES. Following are latest quotations for Imperial and Colonial Government socuritieß:

Stock Vcok eek Pw a P r r i i l? nS ° 1S «10 46 10 Ji " War Loan 85 0 0 84 15 0 61 *82 10 0 84 0 0 5 Aus.-Commonw'th n n * ,3 . ® ( „ N.8.W.1933 Jan-Julj g S? J 5 3j„if.H.W.1930-50Ja.Jy -J J }g X 3 ..N.S.W.ISWApI.-Oct $'H X 4 „ Vic. 1920 Jan-July $ g g Ji-.Vip.lSMAph-Oct g,jj|j gjJlj « T i y i 58 0 0 57 lu 0 3 „ Ylo. 1929-49 Jau.-Jul 61 15 0 62 2 6 3J „ S.A. 1916 0 un.-J uly o 0 65 10 C 3 „ S.A. 1916 J«,u.-July 49 a o 48 15 0 '. „ Q'l'd 1915-24 Jan.-Jly 87 0 0 67 0 0 34 „ Q'i*dl922-47 Jan.-Jly 84 0 0 65 0 0 3J „ Q'l'd 1930-50 Mar-Au/ 04 0 0 04 0 0 3 -„Q'l'd 1922-47 Jan.-Jl; 54 10 0 64 5 0 4 „ N.Z. 1929 May-Nov. 84 5 0 84 0 0 31 „ N.Z. 1912-40 Jan.-Jly H7 12 6 67 5 0 I 3 „ N.Z. 1920 April-Oct. 58 6 0 68 0 0 3i„ W.A. 1915-35 My-Nv 71 0 0 71 10 0 3 „ TV.A. 1915-35 My-No? 68 5 0 68 10 0 3J „ Tas. 1920 Jan-July 66 0 0 66 10 0 2 „Tas 1920-40 .Tiin.-Jnlj 61 0 0 61 10 0 *Ex dividend.

MONEY MARKET. The Bank of Encland discount rate, which had stood at 5 Dcr cent, since April 5. 1917, on which date it was reduced from 5i per cent., was raised to 6 nor cent, on November 6. 1919, and to 7 per 'cent, on April !.5, 1920. OPEN MARKET RATES. The open market rate for three months' bills is IS per cent., as compared with 6J per cent, last week and 3J per cent, last year. x Short loans are quoted at 55 per cent. agaiußt 5} per cent. laßt -week and 3} per cent, lost year. PRICES OP HIDES FIRM. Melbourno, Aujust 6. Hides are firm. Heavicn and mediums are a farthing to a halfpenny higher. Kips and liprht grades arc firm, at late rates. STOOK BXOHANG3. Br Tclccraph—Press Association. Dunodin, Aumist 6. Sales; P, and 0, (deferred), £m, £465,