TRADE AND FINANCE

Dominion, Volume 7, Issue 2224, 10 August 1914, Page 6

TRADE AND FINANCE

BRITISH PRICES TO BE FIXED j BANKRATE REDUCED DOWN TO FIVE PER CENT. , ■' ■' /' 1 Tho Prime Minister has received a tele- •' gram from'the High Commissioner:—. j "Bank rate to-day reduced to-5 per ■ cent." j By. Telegraph.—Press Jssociation—Oopyrisht ; (Rec. August 10, 0.5 a.m.) V ! " London, August 8. ' ' ; The' Cabinet Committee' on .'Food Supplies, in conjunctori with the principal re- , tail provision dealers, has appointed a , standing committee. to meet at .. intervals and fix the maximum prices of provisions. . The wheat: market is.disorganised. Forty-five shillings is asked for. Australian off-coast, and 425., 6d., is bid." ' Flour has been 'reduced 3d. per . stone. Cheese is very firm. ' New Zealand, 755. 1 to 80s. . 'V , < Traders-advise-the consignment of all 1 foodstuffs at wot risks. They can insure ) immediately the quantity-and name of the ' < ship is known.' ■ 1 Bradford Tops.—There is. nothing doing, I but the tone'of the.'market 'is satisfactory, j WHEAT TRADE, , ■ ,| London, August G. J ■ There is no business' doing in wheat. - France ihas suspended the' duties on grain and.! flour, and export is prohibited. ' •• Tlie' American visible supply of wicat ; is 45,927,000' bushels. • REGULATION OF, FOOD SUPPLIES.: ' : : /'London, August. 5. <: Tlie Oabiiet : Committee on' Food, Sup-, plies had a conferen<» with representatives of firms owning 6even,'thousand distributing shop." l ;Tlio conference discussed measures to regulato thc retail prices of groceries and provisions, The Government. satisfactory assurances of assistance. c ■ "• MARlfe INSURANCE>RATE... . " --'(Reci-: August-9, 5.5 pm.) •' - .->a!. • London, August 6. The Government War Insurance Departthe,Tate for cargoes at five guineas per oent. v I « j- ■ ..: ' ■ ' - PREVENTION OF DISTRESS. ' ' - ~ : .': "London, 'Aiigust' 7. Mr. H..:§trmtiel (President of the Local Governnientißoard),. speaking in the House of Commep?, outlined the steps to be taken;for the prevention of distress. • The Board of!Tra<le has a reserve fund of eer- ; eral millionsj-'which will be spent-in new : works;-an'3',tho Development Commission- , ers-had also considerable sums. v - 'Seized .German goods. l ' / / ; (Re«; August 9, 5.5 p.m.) - ,-r - Sydney, August 9. ■ At a meeting of the Chamber of Commerce :it "was decided to'ask tho Government ,to release, all : caTgoes seized,on Ger-. man vessels.- The Chamber -undertakes to prevent "any.'.'attempt to exploit tho goods, particularly-foodstuffs. The Chambers in the'-otlierStatea will;act similarly.. -; . •WvSAmUARDING /'"(Rw. August 9, 5.5 p.m.) ■ Melbourne, August 9. ' 'A proclamation has been issued adjudging' British''subjects having . commercial dealings, with the' enemy guilty of high ■ treason.:-,,. "' ;". ■- ' ', : Merchants aie taking steps to safeguard • the interests of regular' oiistomers. ■_ -The pi'ice of skins has fallen by 50 per cent. ■