COMMERCIAL.

Dominion, Volume 8, Issue 2348, 2 January 1915, Page 10

COMMERCIAL.

BANK OP ENGLAND EETTTRN. ByTelegraplr-Preas Association—Copyright London, January 1. The Bank of England-return issued for the week ended, Wednesday, December 30, is as under :— ll»DE SXMRTMINI' Mttllllll £67,181.000 QoT.dabt ...£11,015,000 Cther tioirl- • ti»« ... .. 7.W4.000 6«ld ... ... 69.039.000 ' £87,481,000 £87.481,000 B1OTH« DEPIMIffISI. Frtprl»twi' Gevl. aaaurlcupital f»,663,000 tlta £K,803,000 Pobliodt- Other itODripesiti ... 26,033,000 tin... ~.106,236,000 Otliw id- ■'.-'. ptilts ...158.055.000 K»tl« ... 61,342,000 Rett, 7-day and*tb«r bills... ... 3,307,000 0»ln — » 463,000 £172,818,000 ' £173,818,000The leading items of the Bank ol England return afford the following* comparison:— Thin Title liaitwailclJMtyear ■■'.«• £ £ Bnlli-n ... ~, 68.032.000 69,676.000 83.875.000 Rosarrt... i.. 61.801,000 62.608,000 23,826,000 Nst< I6BUO ... 36,139,000 - 36:220,000 39,608,000 PublloDspoiits 26.833.000 37.469.0C0 10.256.000 Otiir Deposits 128,055,000 115,406,000 61.057.000 Proportion of roserTt la liabilitiM 33.43 E».«' 33.39 . MONET HAEKET. The Bank of England dißoonnt rate was on January 2, 1914, reduced from 5 to 41 per cent., om January 22 it was rcdnoed to 4 per cent., and on January 28 to 3 per . cent. On July -30 tihe Tato was -raised to , 4i per cont., on July 31 it was raised to 8 per cent., .and on August 1 it wae furtlier advanced to 10 per cent.' On August 6 the rate was reduced to 6 per oent., on August 7 it was further reduced tq 5 per cent,, at wnlch . rate it now' 6tands. The Bank-of Prance rate is 7 per cent., as against 7 per cent, last week, and 4 per cent, last year. OPEN MARKET JRATEB. . The open market discount rate for tnree months'' bills- is 2 5-8- per cent., as compared with 23 per cent, lost week, and 4i per cent. 1 last yeai- 1 . Short loans are. quoted at 1} percent., as against'l2 pel' cent, last week, and 33 per cent, last year. ■..■:.. COLONIAL AND OTHEE PEODUOE. Wheat—The market-is steadier. No. 1 Northern Manitoba, January -shipment, is' Quoted at 51a. 6d. ' Flour.is firm; but inactive. Australian, ex sfcoro, 395. Barley is firm and unchanged. ■ Beans are quiet New Zealand, 40s. to 425. >:.' . - - \ . .: • ..'■

Oats are firm. Bahia Blanoa, DecemberJanuary snipment, 255. , Peas are Aim. New Zealand Haples, 655. to 725. Butter is firm at late rates, and is eelling freely, but slow discharge is ham-' pcring business. -.' Oheese is firm. New Zealand, 76a. to 765. Sugar.—American granulated,'27s. 6d. per owt. •;' ■/ ' ■,-. ;-.- Bradford Tops.—There is fair inquiry, with rather- more (business doing. Sixtyfours, 24Jd. to 24d.i 6uper-siitaes, 24d. to 231 d.; common sixties, 23Jd-, to 23d.; fiftyBixcs, 26d. to 25d.; forty-sixes, 20Jd. to 20d. '. THE METAL .MARKETS. Tiii, on, spot, £146 iCs. per ton;' three months', £142. ' Pig iron is quoted at 545. 4d. per ton. Spelter, £27 12s. 6d. per ton. | ... ' Silver.—Bar. silver is quoted at-22 11-16 d. -.per ounro standard. , {-