COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2372, 30 January 1915, Page 10

COMMERCIAL ITEMS

INVESTMENT- SHARES. ;

There were, no 1 , transactions in invest-, /tacnt, shares yesterday. ""Tho quotations yero as follow:— . " Buycn. Bellew. £ s.d. '£ n.d iKaticnal Bank ■. •>.... 5 6 0 — 'jianit N.Z. (old)' 10 2 6 — ißank N.Z. '(new) ...; 16 5 0 — '"Enuitable Building 9 7 6 — 3N.Z. and K. Plate 119 0 ' 2 0 0 •Auckland. Gas (paid) .....v 18 6 — "Christchurch Gas (£5) ... 7,10 0 — KJisborne Gas ?■-. 119 0 — : EPalraerston North Gas ... 12 0 0 — Well. Gas (£10) «... 16 5 0 — >Well. Gas (pref.) 0 19 9 — fN.Z. Insurance '6 0 0 . . — KThristchurcll Meat ~v. 16.-0 0 ; . — ■ . Gear '(£4) -14 0 0 - TJnion" Steam (pre!.),....... 1 0 9.1 1, 0 ' 'IWell. -Woollen (ord.)., 4. 8, 0, Goal ....1..V."..._ 0 12 0 ' — 'Taupiri 0 16 .6;', . ■ •; IWestport ...» 1J — Xeyland-O'Brien 1 1. 6 — Taringamutu — 2 4'io Jtlanniitf? and Co. 4 10 0 5 0 0 ■Ward-and Co. 5 10 0 •Crowm Brewery ... 2 0 0dividend. +Ex dividend. Customs duty collected at the port of .yesterday amounted to , £1611 : 7 4- ... ' ~• SOIiTHBHN GRAIN MAEKETS. (By Telesraph.—Preaa Association.) 1 Christchurch, January 29. Several lines of new\wheat havo changed .; ' hands- during the wcelc. The crops thresh- ! ' ert have turned out beyond expectations,

and the Bamplcß submitted so far arc excellent. The prices reported to have been paid range from 6s. to 6s. 6d. at country stations. When the price 'of imported wheat was fixed at ss. 9d. by the Government, no price was fixed lor flour,, and this matter is still under consideration by the mercantile community. Millers ore charging £15 per ton. There is keen inquiry lor new oats, and eale3 of a few samples have taken place since last report. Prices range from 3s. to 3s. 2d., the latter 'being for "A" Otc&do Gartons. . For new oatsheaf chaff up to £4 bs. is offered, but without finding sellers. A small quantity of old oatsheaf chaff is still offering and selling, up to £4 155.. there being a good demand from the North Island. A number of lines of new season's barley have been : sold at prices ranging from ss. to ss. 6d„ according to quality, at country stations. A small quantity of good sed is offering, but tbo prices asked ore generally boyond buyers', limits. ." NAPIER WOOL BALE. Napier, January 29. The third wool Bale of the season was held to-day, when 9683 bales were offered to a good attendance of buyers. The bidding was spirited, and high prices were roalised. The wool was very dirty owing to the recent dusty wsathor, but was in great demand to fill requirements of manufacturers of uniforms for soldiers. Scoured wool brought np to 20ld. and lambs' wool ft as also in great demand, making up to 14id. ■ The following is & comparison of iho prices ruling at this sale and tho December sale, the figures for the latter being given in parentheses :—Best halfbred,-91d. to 135 d. UOd. to 12id.); medium halfbred, — (to lljd.); scoured crossbred, 16Jd. to 1914. (13id. to 15d.); fine crossbTed, 10id. to 13Jd. (93d. to Hid.); medium crossbred, lOd. to 13d. (9Jd. to 10Jd.); coarse.crossbred, 91d. to 13d. (Bd. to 10id.); inferior crossbred, Bd. to lid. (7id. to 8d.); pieces. 6jd. to ll?d. l6d. to 9d.)j bellies, 7d. to 9Jd. (6d. to 7jd.'t; locks, sdi. to 6Jd. (4d. to sid.); lambs, 7id. to HJd. (lOd. to 133 d.); dead, SJd. to 10jd. (83d. to 9d.). LONDON WOOL SALES. PRICES WELL MAINTAINED. By Telegraph—Frees Association— London! January 28. At the wool sales thero was animated competition, at full late rates for all qualities Prices realised: Hay, Ilia.. MM;; Mdnda, 22d., 2Ud.; Bangate, 12id., 121 d.; Billaboo, 12* d., Hid.; Moorlands, 12Jd.. laid.; Keerongolo, Hid., led.; Enidina, IOJd., 91d, New liealand: Kaponga, 16d„ 15d.; Patuna, 16d„ ISid. 'BRISTOL AND LIVERPOOL MARKETS. Mr.'H. .0. .ffill, general manager of the Bristol • and < Dominions Producers' Association, Limited; received the following cablegram fr.om his'; head office, Bristol:— •"Lambs and sheep's wool good prospect Liverpool market. Prices for all produce firm." .'SHEEPSKINS. By Telegraph!— Press Association—Copyright -'.' London, January 28. At the sheepskins sale there was a full attendance.' The catalogues were praltically cleared. Competition was good. Australian merino clothings and combings were par to a farthing dearer; crossbred combings and lambs, a farthing dearer. Messrs. W. and 6. Turnbull and Co., Ltd., report having received the following cablegram from their London agents, under date January 29:—"Sheepskins advanced farthing.". ~-!., . New Zealand Loan and Mercantile Agency Co., Ltd., have Tecerred the following cablegram from their London house, under date January 28:—Sheepskins: Prices for merino and fine orossbrcd are the • same as last sales. Others are forthmg dearer. BANK OP ENGLAND RETOTN. By Telegraph—Pi'ees Association—Copyright , ~\ London, January 28. ' The Bank of England return issued for the week ended Wednesday, January 27, is as under:— 1B»*E Depabtmeht KttelHH* £66,602,000 Gov.dobt -£11.015,000 Other ticurities ... ... 7,*3*.000 G*lu ........ 68.353.000 £86.803,000 £86,802,000 BlNKma i Depamibn*. rr«pri»tor»' " Govt. s»curic»pit»l £14,553,000. tits £21,324,000 Publio it- Dtber sicuriposits ... 47,393,000 tui... -....108,837,000 Otber deposits ...117.698.000 Net M... 52,007,000 Best,7-d»y and other bills 3,520,000 C»in... ». 815,000 £183.073,000 £183,073,000 The leading items of the Bank of England return afford the following comparison:— This week Lait wtik List ye»r £ £:■'£■■ B«lli«n 68.353.000 69,746.000 42.617.000 Biservt 52.912,000 53,603,000 33.881,000 Not* Issue ... 34,705,000 35.467.000 28,201,000 Pnblio Deposits 47.393.000 37.588.0C0 9.824.000 Other Dopotits 117.598.000 126,285,000 5U45.000 Proportion of • reserve ta liabilities 32.06 32.74 55.38 GOVERNMENT SECURITIES. The following are the latest quotations' for Consols and Colonial Government Securities with a comparison- of those ruling last week:—

MONET .MARKET. The Bank of England discount rate ,was on January 2, 1914, reduced* from 5 to 41 per cent., on January 22 it was reduced to 4 per cent., and on January 28 to 3 per cent. On July 30 the .rate was raised to 4'per cont.,' on July 31 it was raised to 8 per oent., and on August 1 it was further advanced to 10 per cont. On August 6 "the rate was reduced to 6 per cent., on August 7 it was further reduced to 6 per cent., at which rate it now stands. The Bank of Franco rate is 7 per cent., as against 4 per cent, last year. OPEN MARKET BATES. The open market discount rato for three months' bills is 1 -15-16 per cent., as compared with 1 15-16 per cent, last week, and 2 5-16 per oent. last year. . Short loans are quoted at 2 per cent., as against 18 per cent, last week, and 2 por cent, last year. COLONIAL' AND OTHER PRODUCE. Wheat is firm, and is 3d- to 6d. dearer upon reports of heavy rains and hail in Argentina and Northern Manitoba. Feb-ruary-March shipment, 59a. 9d. Flour.—Australian, ex store, 425. 6d. to 435. 6d. Barley is quiet, but firm. Australian brewing, 40s. Oats.—The market is firm. Bahia Blanca February-March shipment, 295. 7Jd. Peas are flrin. New Zealand . maples, 60s. to 68s. Beans are steady. New Zealand, 445. Butter.—The market is easier all round, owing, to the weakness of Banish. There wa/j an' arrived of 12,000 boxes of colonial during the wccki Prices: Australian choicest. 1355. to 1385.; exceptionally choice, 140s. New Zealand, 140s. to 1425. Cheese.—The market is very firm, with a strong demand. Canadian, 88s.; New, Zealand, 85b. to 86s. . Sugar.—American granulated Is quoted at 27e. 6d. per cwt. Bradford Tops.—The market is exceedingly firm. Fair business was done. Prices: 27d., 26Jd., 27<L, 25Jd., 23id„ 20Jd. METAL MARKETS. Copper, oh spot, is quoted- at £62 17s.' 6d. to £63 2s. 6d.; three months, £63 ss. to £63 10s.' Tin, on spot, £169 to £168 10s. per .ton; three months, £157 ss. to £157 16b. Pig-iron is quoted at 575. 6d. per ton. Lead, soft foreign, £18 6s. 3d. to £18 7s. 6J. per ton. Spelter, £34 10s. to £35 per lon. VICTORIAN' PRODUCE MARKET. » Melbourne, January. 29. Wheat, 7s. Bd. to 7s. id. I'lnnr, £16. Barley, English, ss. Bd. to 6s. o£d.; Cape, 4s. sd. to 4s. 7d. Oats, 4s.'Bd. to 43. 9d. Make, sg. 2d. Bran,' £9 15s.I'ollard, £10 16s. .Onions. £i to £B.

Variation _ comp&Tfd Prici, with J ; lait w«tk. £ s. d. 2}% Imperial Consols 68 11 G Unchanged i „N.B.\V.1933Jan.-July 99 0 0 7/6 low Jl „N.S.W.1930-50Mr.-Sp 97 12 6 : 12/6 higher 3 „N.S.W.1025Apl..Oct EO 0 0 5s higher i „ Vic. 1920 Jan.-July G9 5 » 2/6 higbor 3j „Vio. 1921-6 Jan.-July 91 0 0 2/6 lower 3 ' „Vic.l929-«)Jan.-July 79 0 0 2/6 lower 34 „S,A. 1916 Jan.-July B9 0 0 Unchanged 3 ,.S.A. 1916 Jan.-Jnly 73 7 6 Unchanged i „QTdl915-2(Jan.-July 99 3 6 2/6 higher 3 „Q'l'dl92-2-«Jan.-Jnly Dj s 0 5s higher 35 „QTdl922.47Jan.-July 78 8 0 25s lower i „N.Z. 1929 May-Nov. 07t]l 3 1/3 higher S ..N.55. l!)12-«JJan.-July 87 1 3 2/6 lower 3} „N.Z. 1S20 April-Oct. 77.10 0 Unohanged 3 ..W.A.1915-35 May-N«i 89 7 6 2/6 higher 34 „W.A,Mo-35M&y-N«T 83 15 0 Ss higher 3 „Tm. 1020Jan.-July 89 5 0 Unchanged 3 „Tm.1920-10 Jan.-July 7915 « Unchanged