COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2284, 19 October 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. No bnsiness was recorded in investment shares on Saturday. The quotations were as follow:— ' Bnvers. Seller?. £ s. d. £ s. d. National Bank .:.... — .5^5 Hank N.Z. (£3 6s. 6d) ... - 10 3 0 N.Z. and River Plate ... - , 20 0 'Meat Export (£2 tts. 6d.) - 215 0 Uniou Steam (ord.) — } „ 5 Union Steam (pref.l — , 10 6 Well. Woollen (ord.) 4 7 0 - Golden Day Cement - 10 0 Manning and Co 3 19 0 — ■ Consol. Dental 10 0 - Saarland (ord.) 10 0 — Rharland (pref.) 10 0 - Taranaki Oil Wells ......... 0 3 0 ' - . WOOL, SKIN, AND HIDE SALE. Messrs. Levin and Co.. reporting on their wool, skin, and hide salo on Friday, state: All offerings met with good support and tho good prices offered iiV London for wool during the poet week were reflected in tho Kidding. Tallow was in poor demand at last salo rates. Good sound pelted skin 6 rold 3d. to Id. better than a fortnight ago Other classes also showed an improvement though not to suoh an extent as the good nkins. Ox and cow hides were roughly Id. to Jd. dearer; calf skins were in better demand at l-Bd. to Jd. above last sale values.

Customs duty collected at the port of Wellington on Saturday amounted to £335 '.ss'. Bd. NEW ZEALAND SHIPPING COMPANY. ByTelc'r-mh—Prw'« As?nci"tioii—Copyright (Rec. October 18, 5.5 p.m.) London, October 17. The New Zealand Shipping Company has declared a dividend of 16s. per 6hare and carries forward £27,770. AUCKLAND ELECTRIC TRAMWAYS. (Rec. October 18, 5.5 p.m.) London, October 17. The Auckland Electric 'Tramway Company's profit balance is £60,501 on the vcoir'a working. The dividend declared is Is. 7d. per share, £ICOO is added to tho reserve fund, and £5876 carried forward. JUTE AND HEMP. (Rec. October 18, 5.5 p.m.) London, October 17: Jute.—Native first marks,' October shipment, £18 ss. per ton. New Zealand Hemp.—The market is dull. October shipment, £21 10s. por ton. SILVER. Bar'silver is Quoted at 23 3-Bd. per ounce, standard. .'''■':■'-'■'•■ lIETAIi MARKETS. ■ ; '-.;'. Silver.—Bar silver is quoted at 231-Ed. per ounce standard.' Lead—Soft foreign for shipment £17 2s. to £17 12s. 6d. per ton. ' Spelter is quoted at £22 15s. to £23 ss. per ton. ' ' Aluminium, £80 to £84. Quicksilver, 210s. to 2155. per bottle. BANK OF ENGLAND RETURN. By Telegraph—Press Aisociation-C jpyright London, October 16. The Bank .of England return issued for the week ended Wednesday, October 14, is as under-.— Issue BE?MiTHENT Net« lisua £77.060,000 Gov.dobt ... £11,015,000 I ' 'ether ncuidtio.i ... ... 7,434.000 ■ . ' Gold 55.617.C00 £77.066,000 £77,060,000 BiKKTSa DEPiItTjnSNT. Propviftors' ' Govt, secnrlcapital ' £14.553,000 ties... < „ £'27,571,000 ruWicde- Sther securiposits ... 23,732.000 tioj 100.715,000 OHjerdopcaits ...138.629.C00 Kotas ... 4-2.399.000 Rest. 7-day. endathar ' W11a... ... . 3.190.000 Coin 619.000 ..£180,304,000 £160,30-1,000 The leading items of the Bank of England return afford the following comparison:— -.-•■-. Thiswoik Last woolc Last ysar ■ /"■ £ £ £ Bullion.,. I ...- 58,617.000 56.160,000 34.391,000 R.s.rvo 43.015.C00 40.378,000 25,692,000 Note Issue ... ' 34,667.000 134.629,000 28,846.000 Public Deposits - 23.732.0C0 17.H>2,(X'0 5,341,000 Otbar Doposits 135.829.C00 146,647.000 41,702,000 Proportion of ... resorve to liabilities -26.46 24.64 54.30 MONEY MARKETS. The Bank of England discount rate was on January 2, 1914, reduced from 5 to 4J per cent., on January 22 it was reduced to 4 per cent..' and on January 29 to 3 per cent. On July 39 tho rate was raised to 4 per cent., on July 31 it was raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. On August 6 tho rate was-reduced to 6 per cent., on August 7 it was further reduced to 5 per cent., at which rate is now stands. Tho Bank of Franco rate is 7 per cent., as against 7 per cent, last week, and 4 per cent, lost year OPEN MARKET HATES. Tho open market discount rate for threo monlhs' bills is 31-8 to 33 per cent., «6 compared with 33-16 per cent, last week, and " 15-16 per cent. last year. Short loans are Quoted at 2 per cent., oa against 2} per cent, last week, and 33 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat.—Tho market is firmer, and sellers are offering but sparingly, and 4<s. 6d. is asked for South Australian cargoes afloat. .. Flour.—Holders are now firmer, and Australian, patents aro quoted at 365. and upwards. Oale —Market dull. New Zealand ei store, offered at 295. to 31a. Bcnns.—Generally quiet, but prices steady at 40s. to 425. for New Zealand.

Peas—Tho market is firm, and New Zoaland m<ip!c3 are fetching 58s. to 60s. Barley— Generally quiet. Australian ChcTalier is quoted at. 31s. 1 6d. to 345. Sugar.—American granulated sugar, on 6pot, 30s. per cwt.