COMMERCIAL.

New Zealand Herald, Volume LV, Issue 16914, 29 July 1918, Page 3

COMMERCIAL.

LONDON MARKETS. ' '' M MONEY AND PRODUCE RATES'^ Australian and N.Z. Cable Association.; (Reed. 5.5 p.m.) LONDON. July 26. The Bank of England returns for the week ended July 26, compared with the returns of last week, are as follows:—

INTEREST AND DISCOUNT. Short loans are quoted at 51 per cent, the same as last week. The rate of discount for three months bills is 5J per cent., lie same as last week. CONSOLS AND COLONIAL STOCKS. The following are the latest quotations for colonial inscribed stock, and a comparison with those reported a week ago;—

CEREALS. Wheat is unchanged. Flour is firm. A quantity of Australian sold it 49s 9d, ox store. Oats, peas, and beans are firm at Into rites. BUTTER AND CHEESE. For butter the position is unchanged. The distribution of cheese amounts to 60 per cent, of tie July requirements. The retail prick of cheese has been raised to la 8d per lb. The reason has not been stated, but it is probably because tho farmers' price for British-mado cheese was raised to Is 8d on August 1. NATIONAL BANK DIVIDEND. "' A dividend at the rate of 6 por cent for the half-year ended March 81 last, and ft bonus of 1 por cent., making a total of 18" per cent, for the past financial year, has" been declared by the directors of the National Bank of New Zealand, and will be paid to shareholders in the Dominion on Wednesday.,

July 20. July 18. Coin £68,487,000 £65,841,000 Reserve .. .. 29.845,000 29,680,000 Note issue .. .. 65,745,000 65,569,000 Govt, deposits ,. 34,675.000 38,212,000 Other deposits .. 136,699,000 134,798,000 Govt, securities .. 36,063,000 65,778,000 Other securities .. 105,250,000 105,528,000 Proportion of reserve to liabilities 17.41 17.10

Price. Van a- £ s. d. tion. Consols, 21 per cent. ... 60 6 0 6 Ot British 31 p.o. War Loan 63 2 6 7 6* British 5 p.o. War Loan 94 2 6 27 6t New Zealand 4 p.o., 1929 83 2 6 Same New Zealand M p.o.i 1940 73 7 6 Same Now Zealand i p.c., 1945 04 2 6 Sams West Aust. 3j p.o., 1920-35 78 10 0 10 Of West Aust. 8 p.c., 1915-36 73 6 0 5 01 N.SW. 4 P.O., 1938 ... 85 0 0 6 Ot N.S.W. 81 p.o., 1918 ... 100 2 6 12 6* N.S.W. 81 p.o., 1930-60 ... 70 0 0 5 Ot N.S.W. 8 p.o., 1935 ... 78 0 0 10 Ot South Aust. 31 p.o., 1930 74 C 0 40 Ot South Aust. I) p.c., optional 67 7 6 5 0* Tasmanian 3i p.o., 1920-50 73 10 0 17 lit Tasmanian 8 p.o., 1920-40 68 0 0 Same Queensland 4 p.c., 1924 ... 92 10 0 10 Ot Queensland, 31 p.c., 1921-30 — " — Queensland 8 p.c., 1922-17 63 0 0 Same Victorian 4 p.o., 1920 .., 97 10 0 6 0* Victorian 31 p.c., 1929-47 71 15 0 Same Victorian 81 p.o., 1921-26 8S 7 6 Same Victorian 3 P.O., 1927-49 ... 63 0 0 Sarao 'Lower. tHigher.