COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1872, 4 October 1913, Page 8

COMMERCIAL ITEMS.

• INVESTMENT SHARES. There were no transactions in investment shares yesterday. Tho quotations were as under:— Buyere. Eellors. ' ' £ 3. d. £ s. d NaHanal Bank 5 7 6 6 8 6 Well. Gaa (£10) 16 2 6 — National Insurance 2 7 6 — Gear Meat (£1). S 6 0 - N.Z. Shipping 19 10 0 16 10 0 Union Steam (pref.) — '10 6 Union Steam (ord.) — 1 .6 6 Westport-Stockton — 0 4 3 Leyland-O'Brien. — 1 14 3 Tarinsamutn To tar a 2 6 3 — Golden fray C«meu>t — 10 0 Manning and Co 4 5 0 — W.F.O.A. (£3) - 7 2 6 W.F.O.A. (£1) - 18 3 Miramar (pref.) — 013 4 ARGENTINE SHIPMENTS. The Department of Agriculture, Industries, and> Commerce has received the following oablegium .from Buenos Ayres, dated Octobw 2:—"Tho following ship. mcHts of produce were dispatched from the Argentine to the United Kingdom durinz September, 1913 (compared with September, 1912):1913. 1912. Frozen boef, quarters 51.CQ0 196XC0 Chilled beef, quarters 246,000 170,000 Frozen mutton, oarcasses... 90X00 255,0C0 Frozen lamb, carcasses 9,0C0 36,000 Butter, owt~ - 1,962 — Customs duties Collected at tho port of Wellington yesterday amounted to £2568 18s. 7d. CANTERBURY PRODUCE BATES. (By Telegraph.—Preen Ae«oclatlon.l Chrlstchurch, October 3. Business in tho grain market has eased off asain, there bcins little doing as compared with last week. Farmers are not selling, and most of tho transactions in whoa', lately have been between ' merchants add millers. Potatoes aro firmer, as growers are still too buoy vr'tii plantins operations. Tfti> cheapness of eood toe 3 is evidently causing a large area to bo again planted this season. The regular market price, is 30s. at country stations, but, where supplies havo boon immediately required to fill forward contracts, up to 3&. • 6d. has been paid. Factory butter has been fuxthor reduced by a penny per pound. ' LONDON MARKETS. Messrs. Dalgety and . Company, . Ltd., Wellington, havo received the following cablegram from their Loudon ofßco, under date October 2:—Tallow: Prices are 3d. per, owt. loweT for good coloqr mixed beef. Low and Inferior descriptions aro par to 3d. higher. For mutton the market is quiet, and beef is neglected. Frozen Moat: The market Is uijchoneed. Wool Sales: The sales will close on Wednesday next. Next date of our own salo is October 7. LONDON WOOL SALES. Messrs, Murray, Roberts and Co., Ltd.. have received the follo\unE cablegram, dated Octobor 2, from their London friends, Messrs. Sanderson,'Murray and Co.:—"London Wool Salos: Market firm, compared with last London sales' closing rates. Crossbred, coarse to medium, market, hea advanced 5 per tent." By Teloffraph—Presj Aesociation—Oopyricht London, October 2. At the wool ealea there was good competition, and prices were firm tor all classes. The sales will close on Wednesday next. PRICES REALISED. (Rco. October 3, 9.35 p.m.) London, October 2. At the wool sales tho following prices were realised for the clips named:— mni„" top price 12id., average price 11 3-Bd.; "Glendonala," top 12Jd„ average, 113 d.; "Eauiti," top 131 a., average 12 3-Bd.; "Qlcnary," top lid., average lljd. SYDENBT WOOL SALES. , 1 Sydney, October 3. ' The week's wool sales have closed animated, with prices firm at late rivtes. BANK OP ENGLAND EETUENB. By Telogmph—Press Association—Copyright (Eeo. Octobor 3, 0.35 p.m.) London, October 2. The Bank of England return issued for the week ended Wednesday, October 1, is as under:— Issue Department Hole liiqo £54,483,000 Gov.debt ... £11J)15.000 Other securities ... - 7,431.000 Gold 86.039,000 fM,488,000 ' £54,483.000 . BINKINO DEPAnTJTEHI. Proprietors' Govt, socurlcapital £14,553,000 ties Public da. Other securlposits ... 0,743,000 ' ties 28,201,000 Other doposits ... 80.830.000 Notes 21,853,003 Rest, 7-day and othor billa 8,775,000 Coin- „. 1,659,000 £67,901,000 £67,001,000 The leading Items of the Bank of England return afford the following oompari* ion Ibis week Last woek Last year £ £ £ Bullion 5G,039.000 39,107,000 37,440.000 Reserve 26,412,000 30.-173.0U0 27.503.000 Noteclroul&tlou 29.635,000 28,65!),000 23.535.003 PubllcDopOßits 8,743,000 10,239,000 13.917.0C0 Other Deposits 39.830.000 . 41,068,000 43,075,000 Proportion of reserve to liabilities... . 63.25 68.34 48.71 GOVERNMENT SECURITIES. Tho following are tho latest quotationi for Government securities, with a oom. parison of those ruling last week:—

BANK RATES OF INTEREST. | The Bank of England rate was, on February 8, 1912, reduced from 4 to 34 ner cent., and on May 9 it wnß further reduced to 3 per cent. On August 29 it was raised to 4 per cent., and on Octobor 17 to 5 per cent. It was reduced to 4i per cent, on April 17, 1913. On October 2 it was raised to 5 per cont. The Bank of France rate thw tram 5* to 1 »n coat, on Ismm? & Iwl

and continued at tho latter figure until September 12, 1911, when it was raided to oj per cent. On May 17. 1912. it was reduced to 3 Dor cent., on October 17 it was raised to 3i per ccnt.. and on October 30 to 4 per cont. IIAEKET EATE6 OF DISCOUNT. Tho following are the market rates for boat throo months' bills:— London Paris Berlin rate. nato. rate, per per per cent. cont. cent. This week 43-8 , 33 4i| Last year 4J 32 63 Last woek 315-16 3 33 Short loans are Quoted at 38 per cent., as against 3 3-8 per cent, last week, and 2 per cent, last year. COLONIAL AND OTHER'PRODUCE. Wheat.—The market is quiet. Australian is steadily held. 36a. 6d. is asked for South Australian, off coast, and 365. 3d. is asked and 355. lOid. offered for South Australian and Wost Australian, December-January shipment. Australian, on spot, is dull and unchanged. Flour ia auiet. Australian patents, ex ' store, 275. Oats aro slow. La Plata, January-Feb-Vuary shipment, 15s. Beans and poas aro steady, but quiet. Butter is very firm. Danish is un. changed. Choicest new season's Queensland is selling at 116 a. to 118s.; unsalted/ 120s. Bacon is firm. Australian Cumberlaods, 71s. to 72a. Sugar.—German beet, 88 per ccnt. net titre, 4d. lower at 9s. 3d. per owt. s flret marks granulated f.o.b. Hamburg, 6d. lower at lis. 9d. Bradford Tops—Prices are unchaneod. There is a rathet stronger tono, but business is very limited. THE UETAL MAREOTB. Copper, on spot, £2 7s. 6d. higher at £74 2s. Cd. per ton. Tin, on spot, £4 Its. lower at £188 per ton; three months, £4 2a. 6d. lower at £183 12s. 6d. - Pig-iron, Middle3boro' No. 3, unohanged at 64b. 70. pet ten. Lead, soft foreign, 63. higher at £20 10a. per ton. Spelter, unchanged, at £21 per ton. BILYER. London, October 2. ' Bar silver is quoted at 28 3-Bdi. per ounce standard. . . .VICTORIAN PRODUCE MARKETS. Melbourne, October 3. Wheat, 3s. 7Jd. Flour, £8 15s. Oats, Algerian, 2s. to 2s. 3d. Barley, English, 36. to 3s. 9d.; Cape, 2s. 6d. to 2s. lOd. Maize, 4s. Bran and pollard, £5. Potatoes, £1 10s. to £3 ss. Onions. £5 10s.

Variation compared rrlco. with . _ last week. " " ' - £ 21% Imperial Conaolfl 73 5 o 10s lower 4 . N.8.W.l933J&n.-JUly 03 0 0 20s lower 3J ,'.N.BAV.1030-50Mr.-Sp 07 0 0 Unchanged 34," ""-1C30-G0 BO 0 0 Unchanged 3 , Jff.E.'W. 19-25 Apl.*Oct B1 0 0 Unchanged 4 i,/20 Jan.-July 100 0 0 Unchanged 3A ' Vic. KM1-6 Jan.-July 01 O 0 Unchanged 3* M Vic,-lS20-4O 68 0 0 Uncliaugod 3 „Vic.M-40Jan.-July 77 O 0 Unchanged 3} „S,A. 1016 Jan.-July fiO 0 0 Unchangod 3 „S.A. 1916 Jan.-July 73 0 0 Unchanged i QTJ1015-24 Jan.-July 101 0 0 Unchanged Si ..QTdlOMJaii.-July 03 0 0 Unchanged i3 CjTdl9'2'.H7Jan.-July 70 0 0 Unchanged 4 , N.Z. 1020 May-No v. 101 0 0 Unchanged BJ N.Z. JOliMOJan.-July 60 0 0 Unchanged 3 N.Z. 1020 Aprll-Oct, 77 0 0 Unchanged i 34 „\V.A.10l5-35 May-Nor 63 0 0 49s lower j 3 „W.A,I01o-35May-Nov 70 0 0 40s lower : 34 „Tas. 3&i0Jan.-JuIy b9 0 0 Unchangod j 3 „ Tub. 1920-40 Jan.-July _bl 0 0 Unchanged