COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 934, 29 September 1910, Page 8

COMMERCIAL ITEMS.

: INVESTMENT SHARES. Sales ot Wellington Gas (£lO paid) at £18 15s. 6d„ and Taringamutu Totara Sawmills at £2 3s. 6d. were recorded yesterday. Tlie market was quiot, and there werv comparatively few quotations :— Buyers. Sellore, Saleß. *•'. £ s. d. £ s.d. £ s.d. National Bank . 515 0 518 0 — N.SI. Loan and .Mcroantilo .0,9 6 — , — Well. Dcpoiit ......... 0 8 3 0 8 9 Well. Gas (£10) ...... 16 15. 0 19 5 0 18 15 6' N;Z. Insuranco ...... 4 o'6 -- — Gear Meat (£4) ... 12 0 0 '- - Gear Meat (£1) ...30 0 , — — Meat Export' (S2s. 6d.)' — . 3 4 0' — N.Z. Shipping ....... —•' 10. 2. 6 —" Well. Woollen (prof.) 2 14 6 , • — — -Westport Coal '. —. ' 6 8 6 — % Westport-Stockton 07. 0 — .— Leyland-O'Brieu .... -— 17 6 — N.Z. Con. Dental ... 1 0 6 116 - Shai'land's- (0rd.)... — 12 3 — Sliarland's (pre!.)... — 12 3 — Taranaki Petroleum — '0 9 0 — Taringamutu Totara 2 3 0 2 3 6 2 3 6 V ' THE ,MONEY- MARKET.. The advance in. the discount rate of the Imperial Bank of Germany announced yesterday is a. normal, movement, and is the first indication of the stringency usually experienced in the autumn months. The London:■market",has been far from' being in an easy condition for the'past three or four weeks,' and tlie open market rate has been on ,a parity with Bank rate, and at , times. abovo it. , The rate for, short loana has been high as compared with last year. The Bank of England . rato would in all probability have been advanced ere this, but foi' : the''fact-that the Bank has had control of. the market through holding so large an amount, of Government deposits. This may continue to-check the rise, but if , the demands- for gold are strong and persiGtent, as . seems .'likely, then the. rato must advance." Since' Germany has. made a move, it' is probable that advances will bo recorded all round; if so, we should. know this to-morrow. Consols at £80 2s. 6d. have touched a new low level; and the fall'of ss'.' in. the course of .'a few; days seems; to indicate that there has been forced soil-, irig. One.explanation, given, for the. weak-, ness of. Consols is that French holders havo been selling to meet their , commitments'for rubber shares and foreign loans. ■ ; y7" THE WOOL MARKET. ] The; forecasts of'.'an advaince of 5 to .74 per cent., in crossbred wool'at the opening ofi.tho London'" sales has been realised, ana siiped, ,wools ' too. have hardened. For fine wools the-market is:, reported good. The' interesting-feature of the: sale ie the fact tha,t there is an (active demand by Home and foroignobuyers. Crossbred wools thus, recover some, part, if no.t.the whole,;of the loss recorded at'the close of the July sales,' and .there is every "prospect 'now of tlie sales showing firmness ' throughout. / The money- market may become stringent—that is,,.to say,' there may; be an advance ,in the discount rates,-but this will-have no appreciable effect if the trade demand continues active. Customs revenue 1 collected at the port of Wellington. yesterday amounted. to; £3179 3s. 'i-< ";•'.. i ,'v- V BANIC. OF AUSTRALASIA. : / ' ' ByTelegrapli—Press Association—Oopyrighf. London,. September 27. ; \: The' half-yearly, report of the ■ Bank of Australasia shows that . deposits total £17,000,503; cash and securities; £8,435,057; and bills, £15,021,436. . . ' \ DEBENTURES.' By Telegraph—Press Association—Copyright. . ' London, September 27. Goldsbrough; Mort, and Co/s.'.debenture' stock is quoted at 56.. . , ;• ...silver. ' '• By Telegraph— Press'Associatioh-^Oop'yright. ~ London, September 27. "Bar silver is quoted'at 243d/per ounce standard. . .■ "/ ' • > ; ' DCNEDIN GRAIN MAEKET. : (By Telegraph.—Press Association.) . . . ifr'i,'': Diincdi'n, September ,28. ; flThs oat-s. inarket'is quiet;'business being confined to'.seed;.lines, and moderate : sized, ilines-ior local'consumption. Seed lines,'2s. .to 2k. 4d. ; prime : milling, Is. lUd. to 25.; .gbod' to'ibest feod,. IsAlOd. .to Is. -Ud.; In-, ferior/to nlodium,' le-Bd.. to,ls. 9d. ; Wheat:, Millers' are. not; buying, freely,;, but any. sales made, during .the ! week-aTe quite on a'.level' with, late values, v Prime, velvet, and velvet ear have most inquiry. Tuscan, which is plentiful, is in .only moderate demand. .Good wholo fowl' wheat and' clean: broken seconds. are in request. Prime milling',velvet, 3s. 9d. to 45.; 'extra' prime, 4s. Id'.; velvet ear Tuscan, etc., 3s. 7d. to 3s. 8d;; medium, .3s. 5dV; to 3s. . 6d. j best whole, fowl wheat, 3s. 2d. to 3s.' 4d. ' ' .