COMMERCE AND MINING

New Zealand Times, Volume XLIX, Issue 11293, 19 August 1922, Page 16

COMMERCE AND MINING

THE STOCK EXCHANGE 1 MARKET REMAINS STEADY. NUMEROUS BUYERS QUOTED. Yesterdav’s call on ’Change showed the market to'be fairly steady. There was an increase of 2s Cd in Inscribed Stock (1938; and f1939>, but War Bonds (1938), (1939) and (1941) and P.O. Inscribed Stock (1927) remained in demand at resent rates. Banks were in fair demand. Nationals remaining at .£5 15s. There was. however, an increase of Gd in New •Zealands, and a decrease of Ir, in Unions. Nationals were obtainable at JBS 19s, N'ew South Wales (new issue) at .£35 12s fid. New Zealand* at .£2 17s, and Unions at <£l3. Thero was one solo on 'CUnngo. WELLINGTON EXCHANGE. riMD.VT'S QUOTATIONS. (3.15 p.m. call.)

# J!x dir. Salo on —Morning call: NZ. Refrigerating (10s), 12s 6d. IN OTHER CENTRES. **SB PBE93 ASSOCIATION. AUCKLAND, August 18. Soles on 'Change.—Commercial Bank 83s 6d, 34s 4d; Bank of Now Zealand, 86s 6d, 56e 9d, 56s 6d; Union Bank, .£l3; Now Zealand Insurance, 27s 4d; loan and Mercantile, .£74, £75; Tanpiri Coal, 17s 2d; Wilson's Cement, 18s lOd; Waihi Mining, 2Ss, 27s 9d, 27s 6d ; Waihi (forward two months), 28s 3d; Grand Junction, 8s lOd. CHRISTCHURCH. August 18. Sale reported on 'Change : —Dalgsty and Co., J!10 ss. WAIHI COMPANY. PER PRESS VSSOCTA.TTON. WAIHI, August 18. During the four weeks ended August Ith, the Waihi Gold Mining Company crushed 13,342 tons of ot», for 4419 ounces of fine gold and 29,577 ounces of silver. , WAIHI SHARES. Australian and N.Z. Cable Aasocriatioa. (Received August 18, 5.5 p.m.) BONBON, August IT. Waihi shares are quotedßuyers 27s 6d, sellers 30s. foreign exchange rates. 'Australian and N.Z. Cable Association. (Received August 18, 5.5 p.m.) LONDON, August 17. Foreign exchango rates in London are quoted;— Paris, 56.G0 francs to -£l. Stockholm, 16.90 kroner. Christiania, 25.67 kroner. Copenhagen, 20.66 kroner. Berlin, 4725 marks. Rome, 99} lire. Calcutta, 15|d to the rupee. Yokohama, 25jd to the yen. Hongkong, 31} d to the dollar. New York, A47} dollars. , Montreal, 4.47} dollars. BANK OF ENGLAND. LEADING ITEMS OF RETURN. Aus'rCian end N.Z. Cable Association. (Received August 18, 5.5 p.m.) LONDON. August 17. The leadlDg figures of tbs Bank of Ragland ret aril for the week ending August 16th afford the ioltowing comparisons ; This week. Last week. £ £ Bullion 123,581,000 125,580,000 Reserve 21,596,000 20,308,000 Note circulation... 124,261,000 125,542,(Ka, Govt, deposits ... 14,169,000 16,239,000 Other deposits ... 111,588,000 104,500,000 Govt, securities ... 42,639,000 43,032,000 Other securities ... 79,618,000 75,450,000 Proportion of reserves to liabilities 17.10 16.80 p.o. IMPERIAL AND COLONIAL GOVERNMENT SECURITIES. Following are latest quotations for Imperial and Colonial Government securities '

MONET MAUKJ3T. Short loans are unchanged at 1J pecent., and three months’ hills are at 2\ per cent., compared with 3 per cent, last week. METAL MARKET. Australian and N.Z. Cable Association (Received Auffnst If?. 10.35 p.m.) JU)NIK>\, August 17. Copper, on spot, £64 Is 3d: forward delivery, £64 3a 9d. Lead £24 12s 6d end £23 17 a 6d. Spelter, £3l 12s Cd and .£3O 12s fid. Tin, £l6l 11s 3d and £l6l 13s 9d. . Silver, 34-id per ounce standard.

Buyers. Sellers Ji s. d. ji s. d. Minin*-~* U mlii 1 7 0 1 8 9 YVaiiii Grand j ur.ci.ion o a 6 — War Loans — Inscribed Stock (19S9) 36 10 0 — Inscribed Stock (1338) 95 10 0 — War Bonds C19H) 95 10 0 — War Bonds <1939 > 93 10 0 — War ikntls (1938) 93 10 0 — l\0. Inscribed Stock (1927) 95 5 0 National 5 18 0 5 ID 0 N.S.W. (now issue) ... — 33 12 6 .New Zealand 2 16 0 2 17 0 Union . 12 IS 0 13 0 0 Cinldebrough Mort 2 0 3 _ National Mortgage ... 3 7 9 — Auckland (paid) 1 2 6 — Napier t«£iu) 9 0 0 — Nanier ( £5) Wellington (ord.) 4 10 0 11 0 0 Now Zealand — *1 8 0 Meat Freezing— N./’. U e f r i «r e ratine (10?) Transport-^ 0 12 6 *0 12 9 Huddart-Parkor (ord.) 2 9 0 2 10 0 Union Steom (prof.) ... — 0 19 6 Westport 1 11 0 — Waina 0 15 9 — Timber— Taringarauhl 1 10 s *- Miscellaneous — C. M. Banks (ord.) 1 1 6 — Howard Smith 2 a 9 — National Electric — 1 2 9 W.F.C.A. (prof.) 0 16 9 — Ward and Co i a 0 1 4 0 Wellington Cordage ... — 1 0 S Wilsons Cement ..... 0 13 9 —

' This Last week. weak. JB a. <!. .£ cl 21 p.c. Imp. Consols ... 59 12 6 53 15 0 & p.o. War Loan 95 10 0 95 10 0 64 p.o. War Loan ....:. 100 10 0 100 15 0 p.c. Ana. Comm. ... 100 0 0 100 0 0 v.c. Aus. Comm. ... 101 10 0 101 10 0 3 p.m. X.S.W. (193930) 88 0 0 87 15 0 '■i p.c. N.«.W. (1935) ... 3i V-C. K.S.VV. (198650) 77 5 73 5 0 0 77 6 73 5 0 0 5i p.c. N.S.W. (1923-50) 101 7 6 101 7 6 Ot p-c. N.-S.W. 11920-10; 103 15 0 108 5 0 34 p.c. Vic. (1921-6) ... 95 10 0 95 10 0 3i p.c. Vic. (192049) ... 70 10 0 70 17 6 3 p.c. Vie. (1920-49) ... 76 10 0 75 15 0 34 o.o. S. Ana. (1930) ... 81 0 0 80 10 0 Sij ixc. S. Aua. (op.) ... 4 p.c. Q'nl’nd (1922-47) 62 0 0 61 7 6 05 2 6 95 7 6 3 p.c. Q’nl’nd (1922-47) 91 0 0 fet 0 V 34 p.c. Q’nfnd (192347) 66 0 6 66 0 0 4 p.o. N.Z. (1929) 95 0 0 94 15 0 34 P-c. N.Z. (1920-49) ... 81 10 0 81 10 0 3 p.c. NJ. (1940) 73 5 0 73 0 0 84 p.c. W.A. 091.5-3.') ... 83 0 0 83 0 0 3 p.c. W.A. (191(535) ... 78 0 0 78 0 0 64 p.c. TO*. (192640) ... 80 15 0 80 0 0 6£ p.c. Tas. C?20-46) ... 73 0 0 73 0 0