COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1925, 6 December 1913, Page 12

COMMERCIAL ITEMS.

•INVESTMENT SHAKES. There were no traiiEaetions in investment pli.".rc3 -yoiterdsy. The miotations were as follow liuyer?. ,Metiers. £ f, d. £ s. d National Hani; - 5 3 0 KJS. and Jiiver Plata ' - 2 0 6 Well. Invssli'.ti'iit - (I It 9 U'ril. Trail and Loan ... — 7 5 0 I.'hi'istchiU'c!'. <r-:iH 6 15 0 fi 19 0 Well. Cas (£10) - 17 2 6 IVcIl. (!ea (pref.) - 10 3 National Insurance 1 210 0 N.Z. InsnrnnrO' - 514 6 tiear Meat (£4) 13 5 6 -■ Oiwi- Meat (£1) 3 9 C — Union Steam — 14 9 Well. Woollen (ord.) 4 0 0. 4 1 6 Wcstport-Htcckton — 0 4 1 N.Z. LOAN AND MERCANTILE. The New ZoalanM Loon and Jfereantilo Ai-'eucy Company, Limited. !ia« received jv cablegram from its Loudon office advisiiu: that the company will hold its c.nnnnl uicotiiiPT in London o:i Deceaihei- 18. A.fter bad debts and customary rcplacoffienfe also writins £"!),otl9 nil' ptclniscii, providing a funher .SSCCO towards Iho stall' benevolent fund, and carrying /.20.GC0 to reserve from profits (maluns a total reoervo of £2/6,078). The directors recomiacntl payment of. a dividen/i of 5 per cent. Dor annum cn the cumulative _ prefereuco sharcii (half of which was paid in July' last); a dividend of 5 per cent, on ordinary shares, and instalments of coll under iho schcnic; und that £14,238 IBs. be carried forward. CUSTOMS KEVENUK Custom,"; duties collected at tile port of Wellinstoii yesterday amounted to £2695 Ge. 9d. SOTOTIEMf MARKETS. (By Teicirrapli.—i'ress Association.)

Ghnslchurch, December 5. Til pro i* hnn'.'r tune iu tho wheat market, though it cnuaut be said that io much business doint:. No doubt nrc now wnnl-inf? to securo stocl;a „f old wheat tat mlilnj ourpofea. the new wheat available, and at, any. rate soaio ot tlie smaller miller.; nmst b* L'rflitl" low in steel:?. Though the area in wheat" 1 due:) not muicer .to be so largn ,iin' l-mt vp' l r ill" uuUMini-smvii crop:! are louklii- well.'and yi-oniise a tiood yield 'J'un--now worth 3i5. "1.; lluini'i-t', 3- B<l t« si 9.1.: Pearl, is. lOd, lo 3s. lid.; ?"<■ 'n-ar' 'anproadi'' o"' thfharvest.-;) IjiVl"'-'; -Wan" ls.M. to 2s. »t .country (tjl*.

Tho.,'potato market has practically closed for tho season, and what are novr left aro practically unsaleable. London Ivool sales. By Telegraph—Press Association— Copy ricrM London, December 5. TlioV market is irregular, and bcot merinos firm, wasty and faulty, weaker. All erossbreds 5 per cent, below opening. (liec. Decomber 5, 9.15 p.m.) London. December 5. At' the wool sate, the following prices wore realised* for tho fleeca portions of the clips named:—"Severn," top price )od., tiverago price 10d.; "lluiroa, top l/ad-. average lid.; "Gear," top 13d., average Ud.; "St. Clair/' top loa., average lhu. SILVER. London, Dccambor 5. Bar - silver is quoted flt 26 11-16 d. per ounce; 'standard. |: yictokian produce market. ' ' ! IWolbourno, December 5, i Wheat, 3s. sid. to 3s. 6d.; tlour, £8 10s.; I oats (Algerian), Is. 6d. to 1?. lOid.; maue, Js. 2d.; bran, £4 10s.; pollard, £4 155.; potatoes, to £5; onions, £4 10s. to £5. BANK OF ENGLAND RETURNS. By Telegraph—Proas Association— Copyrisht (Rcc. December 5, 11.10 p.m.) London, December 5GOVERNMENT SECURITIES. The following are tbo latest quotations for Government securities, with n. com. paiison of those rulini: last week:—

•BANK BATES OF INTEREST. The Bank of Encland rato was. on February 8, 1912, reduced from 4 to 3$ ner cent., nnd on May 9 it was further reduced to 3 per cunt. On Aucust 29 it was raised to ') per cent., and ou October 17 to 5 per cent. It was rcduced to per ccnt. on April 17. 1913. Oa October 2 it was raised to 5 per cent. Tho Bank of Franco rate was reduced from to 3 per cent, on Jtinua.ry 23. IyOH. and continued at tho latter iii;ure until September 12, 1911. when it v;as rai='od to '31 per cent. On Hay 17. 1912, it was rednoed to 3 por cent., on October 17 it was raised to 3i per cent., and ou October 30 to .4 per cent. The Imperial Bank of Germany on October 21. 1912, advanced its rate of discount to 5 per cent, and to 6 per cent, on November 14. On October 27. 1913, tho rate was rodneed. te 5i per cent.

MARKET KATES OF DISCOUNT. The* following n-ro tho market rates for months' bills:— ' * ' Loudon Paris Berlin rate. rate. . rato. | per per per < cent cent. C 0 1 This week 413-16 J5 l >'{ Last week flli-16 3s 4v>:B -■ liast* year 4 7-16 ij 6 Short loans arc Qiiotgd at "i per tent.., a"'} against <3 per.cent, last week. and. oJ ptfr cent, last year. , . . Wheat.—The market is quiet. Owmc to liberal world's .shipments, bivyurs are pausing, and it is dillicult to maintain prices of cargoes with the absence of do* inand. There is little Australian on spot, and l tlie i;uoxation ia nominally -iw. to 39.1.: New Zealand, supplies are exhausted. Hour is quiet and uuciianged. jfuym of values tor'forward dsuvery do not cxceod 255. , . Oats are in limited supply, and aio nominally unchanged. „ _ . Loans are quiet. Uocd i\ew Zealand <aro 3Gs. to 375., ex store, j\o. 1 N.Z. Maples, No-vember-December shipment, Os. to 46a. od., C *Butter.—Tho market is firm. Danish is •unchanged. Choicest Australian saltcdi well at 120s. to 12^.; secondaries. llOs. to 1165'.; audited is at ill too plentiful, and is selling at. 118s. to 1205.; exceptionally choice, at 1225. Jview /iCa-land-'iß-quoted at 12fa. to 1235., and oceadoiiqlft- 130.?., as no more will be arriving end of tho month, •'Cheese is firm. Npjw Zealand 653. to 655. ■""'Sugar.—Cerman beet, 89 per cent, net "titre- lid. lower at 83. 2d. per cwt.; first marks •'granulated, f.o.b. Hamburg, Id. ;lotier.:.fl't Us- 6d. . .'■Bradford Tops.-The market 15 quiet, Prices- for crossbred# generally arc weak, iwrlnos ' are unchanged, with practically 1 no-business doing. Sixty-fours, 28d.; super sixties; 2/\d.; common sixties tfd.j flfty. 1 £is.es,'. ,22} d.; fifties, 205.; forty-sixes, 16id.; forties*-Isid,. V; ... - THE METAL MARKETS. • Copper, on spot. £66 lis. per ton; threo 'm'oiTthq;* £64 12s, 6d.; clctcrolytic, £63 fc. (Tin Ton spot, £174 15s. per ton; threo months; £175 15s. ,Pig-iron.—iliddlesboro No. 3, 495. 4£d. per ton. - I,ead. soft foreign, £17 lCs. per ton. T.SpeUor, £21 ss. per ton.

Variation _ comprred rvico. , , ..... .; ; last week. £ *• d» 25% Imperial CoiiboIb , 7'- - t> 20s lower • 4 , N.S.\V.1033Jan.-JuIy 93 0 0 dOs lower 4i ,N\S.\V.10o0-£0MivSp 07 0 ;0 Unchanged 3i £9 0 0 Unchanged d N.y.W< 10-3 Apl.-Oct 81- 0.0 Unchanged 4 Vic. 102UJan.-July fti 0 0 40s lower ai „Yic. 1W1-0 Jan.-Ouly 0 0 4()g lower 84 Vic,-lOii5J-49 . ' td 0 0 Unchanged 3 „ Vic. l!i:W-49Jan.-July 76 0 0 S0s lower , 3j „S,A. 191t> Jan.-July . £9 0 0 Unchanged i ,.3.A. IjUBJan.-July 7J 0 U iius higher i „QTtllt)l5-21,Ian.-July CS-0 0 4Ua lower Bi ,.C)'l'Ul9J'2-17Ja.n..July WOO 'ids lower 3 ,.y'i'dlW2-l7Jau.-JuIy 7(i 0 0 40s lower 4 „K.Z. 192?) May-Xov. 5W 0 0 Unchanged 3.J ,.N.Z. l!)L'-JOJan.-JuJy S3 0 0 'IDs lower 3 „N.Z. lU'iO April-Oei.' 78 U U Unchanged 3i „W.A.1915-3fiMay-Nov M 0 U higher a „\V.A,19rK35May-Noy W 0 0 Unchanged 3$ ,",Tas. li'iOJan.-July fc7 0 0 40s lower 3 Jau.-July tO U U lower