TRADE AND SHIPPING

Dominion, Volume 7, Issue 2234, 21 August 1914, Page 5

TRADE AND SHIPPING

TREASURY BILL ISSUE • HEAVY SUBSCRIPTION (Rec. August 20, 8.45 p.m.) n r , , Lo "f! 0,, > A "gust 19. Uver lorty-two millions sterling was tendered for the fifteen,millions of Treasury bills, tlio average rate being £3 <.3s. Id. poi cent. RUSH OF BILLS CONTINUES. (Rec. August 20, 8.45 p.m.) mi _ , „ London, August 19. , r-. ® Bank of- Eugland was again obliged to announce its inability to liandlo moro bills of exchange durin" the day.-

SUEZ CANAL TRAFFIC. PORT SAID CRAMMED WITH SHIPS. (Rec. August 20, 10.40 p.m.) _. • Romo, August 20. Uispatches from Port Said state that traffic in tilio Suez Canal lias practically ceased. The port is crammed -with ships of all .nations, and the captains arc afraid to proceed. A huge fleet of German merchantmen lias been seized and deprived of their wireless installations. Vessels flying the Italian flag are being besieged with foreigners who arc anxious to leave Egypt. SUGAR EXPORTS PROHIBITED. (Rec. August 21, 1.4 d a.m.) „„ , T . , Kingston, August. 20. ine Imperial Gtovernment has issued a proslamatioa prohibiting the export of sugar from Jamaica. It is explained that tha product is. needed-for' Imperial purposes. • , CONFIDENCE RETURNING IN UNITED STATES. (Rec. August 21, 1.46 a.m. ) New York, August 20. A renewal of confidencesiiv financial circles is apparent. There has been a considerable inflow of gold into the local hanks, from which it was withdrawn when the war broke out. The general trade reports, however, show that conditions are still far from , nor? mal. Sugar prices are rapidly rising. FROZEN MEAT FOR THE TROOPS. London,' August 19. The "Financial Times" states that holders of large stocks of ..frozen: meat have rejected - speculators' offers, and have allowed tho Government the first, pick at a reasonable figure. As a result, tho Government is able to providn satisfactory terms for the ma'intenanco of the huge Territorial Army for somo considerable time, with the prospect of securing additional consignments as they arrive. A COLONIAL EXHIBITION. Condon, August 19. The Colonial Office proposes to hold an exhibition in London at an early date, the exhibits comprising samples of all parts of tho Empire, also neutral countries, with a view to enabling British tenderers and manufacturers to supply tho articles hitherto obtained from Germany aud Austria. The Board of Trade is supplementing Mr. Lewis Harcourt's aotion in devising a campaign to assist manufacturers and ( traders to establish themselves in colonial and neutral markets. DETAINED GERMAN VESSELS. Melbourne, August 20. Arrangements have been made for discharging tho cargoes of the detained German vessels, ' LARGE SILVER SHIPMENTS. New York, August 19. Largo'-silver shipments have been made from the United States to London recently. The ship Philadelphia carried a million ounces when slie departed. j. PROSPERITY FOR AMERICA. London, August 19. Mr. ,Tames "W. Hill, the railroad Icing, thinks that as a result of the war America will reach a new level of prosperity. • \ FRENCH MAIL STEAMERS TO RESUME. '/ , Sydney, August 20. It is notified that the French mail steamers will resume running.