COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2384, 13 February 1915, Page 10

COMMERCIAL ITEMS

. INVESTMENT SHAKES.;' , Tho galea reported, in the investment market yesterday were: "Wellington Trust' Mid 'Loan at'£7 55., and Gear Meat (£4)' ,at £14 ss.The quotations were'o6 follow:— Buyeia. seller). _ , ' £e. d. £s. i Bank NX (old) .10 4 0 10 10 0 Ohch. Gas (£5) ~. . 7 7 0 — Palmcrston. N. - Gas 12 0 0 — Meat Export (£2l2s. 6d.) 2 15 0 217 6 N.Z. Shipping (pref,) 10 5.0 — Union Steam (pref.) 1 0 10 — ■Union.Steam (ord.).'. 13 6 ." — i West port Coal 1 11' 6 — Yfestport-Stoclston 0 4 J . —. Manning and Co. ,— • . 6# # Customs duty collected at the port of , Wellington yesterday, amounted to £823 17b. | DUNEDIN WOOL BALEB .' ;. ■ ;'(By .Telegraph—Press /> [ '-' Dunadin, February! 12." , For tie third and last wool sale, on Thursday fleit, 7800 baits have been catalogued. . SOUTHERN WABKETS., ; . • V,/" : • = Christchurch, February 12.-: During the week a considerable amount of business has been done in -wheat, a largo portion of which has been transacted in. the oonntry.districts, The ruling prices tore been, 6s;, : .<d. to 65.! 7d. according to_ distance. A report that wheat had been sold at 7s. at country stations has no foun- i dation. In fact, tie prices quoted above ore the highest that have been ■ given. The general report is that wheat is yielding much better than vies, expected, and the cample i 6 Tlret'dasa. The demand for oats is very keen and for A grade Gortons up to : 3s. 6d. at country Btations has been paid. There is also good inquiry for seed Algerians which are scarcer this season than for thelastycar or two. The North Island requires a considerable quantity of Algerians for 6eed and supplies, having oomo. in, from Australia in tho last few years, local growers haTe sown, less of them. The drought-in Australia has pnt a stop to any coming from there this year. The , price of oatmeal has advanced to £19 per ton in. consequence ■ of the higher price of cote. O&tsheaf chaff is difficult to obtain, the price still being £4 15b. at country stations■ for immediate delivery; £4 Ids. is.being given, for potatoes. There is no forward business doing as: growers are declining to eeUw Autumn sown onions are now nearly done and are selling at £6 at country stations. The new crop is expected to bo on the, market in about, a fortnight's time' and for^March delivery £3 10s. to £3 15s. is being offered. The Sydney market; has dropped:from £9 and. £10 down" to £6 to £8, as the main, Australian crop is now available. Inquiries are now being made for Partridge peas but no business is yet reported. 1 Wteto clover seca is now being offered; but the'prices asked are still higji. Good: clean seed is said to bo worth Is. to 13. 3d;' per lb. ■' • . ; XONDON MAEKBTS. Messrs. Daigety and' Company, Limited, Tiave received the following cablegram from, their London Offloe under date February 10 —"At the tallow sales the market was excited. Prices were, irregular, showing an advance of Is. to 3e. per cwt. on, last week's Tates." ; ■ ;'■ - - / , , . BANK-OF ENGLAND BETUBN. ' By Telegraph—Press Association—Oopyricht London, February 6. Tho Bank of England return, issued for the week ended Wednesday, February, lO,' is as under :— • IBSDB DBPABTMEUT. Koto Issue £84,459,000. Gov. debt ...: £11,015,000 ;■ . Other Bocorities ... ... 7,434,000 . Gold 66,003,000 . &4.<KUX» £84,493,000 •' BAMKMG ItoiBrBEST. ... Proprietors' Gov.eecuricapital XH.SS.yXG ties £24,579,000 Pablicde- Otbersecori- ■ posits - 46.446,000 tics 104,816,000 Other deposits ... 115,830.000 Notes... 60,037,000 Bert, 7-day and other : bills ... 3X06.000 Coin .... ... 1505UJ00 ' ' £150,434,000 , ' f 080,434,008 The leading items of the Bank of England return afford tie following comparison:— . ■ This wook Last week Last year Bullion - -. 66,003,000 66.516X00 43,017.000 Keserve ... 61.039,000 51.272.000 33.495.000 Note Issue' ... 34.415.000 S4-827,000 28,110,000 Public Deposits 46.446,000 38.6U.0C0 12.445.000 Other Deposits 123.937.000 50,156,000 Proportion of . , . reserve to liabffita . 31.57 31.53 53.46 GOVERNMENT SECUBEPIES. The'following'ore the latest quotation* for Consols and Colonial Government {Securities with a' comparison of those ruling last weekr— Y&riation •. compared ' Price. with / • - last week. £ s. d. 2J% Imperial Centals - 68 11 3 Unchanged 4 ,N.5,W.1933Jan.-July 58 2 6 2/6' higher 3J' ,N,S.WJ93O-£OMr.-Sp 97 10 0 10s higher 3 , „M,H.W.1925Ap1..0ct 80 5 0 5s higher 4 "Vic. 1920Jan.-Ouly £9 0 9 5s lower 34 „"Vio. 1931-6 Jan.-Jnly 94 0 0 15s lower . 3 Vic. 1929-49 Jan.-July 79 5 0 5s higher ■ ■Si ~8.A.101G Jan.-July 1 69 .0 0 5s lower . B ,SJi.l3l6Jan.-July 73 0 0 : Unchanged 4 * Q , 1 , d1915-24 Jan. July 9815 0 Bs lower ■ 3j „QTdlff£MMaa.-Jn!j 94 5 0 5b higher V 1 3 „QTdl332-47Jan.-July 78 0 0 Unchanged 4 „N.Z.IM9 Mar-Nov. 8815.0 ,7/6 higher N.Zu 2912-4Cfran.'-Jaly 87 2 6 Unchanged 3 . „N.Z..1520 April-Oot. 77 12 6 316 higher w May-N«v 89 fi o 2(6 lower : 3 • „W.A,1915-35 May-Nov 63 10 0 ,6s lower 3j „Tas. 3950 Jan.-July 80 0 0 5s lower 5 ~T»|, 1220-40 Jan.-July 7915 » UnehangeJ MONEY ITAEKET. Tho Bank of England discount rate was on Januarv 2, 1914. reduced from 5 to 4J per cent., on' January 22 it was reduced to 4 percent., and on January 28 to 3 per cent. On July 30 the rata 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 it now stands. Tho Bank of Franco rate is 7 per cent., as,against 4 per. cent, last year.

OPEN MARKET BATES. The open inrlirit discount rato for three months' bills is ijd. per cent., as compared; with 15-8 per ccnt. lost week, and 17-8 per- ccnt. last year. . ' - Shurt'.loans-aro quoted.,at 11-8 per ccttt., 1 as, against. •( of 1 per ccnt. laet wcck, ajld ij per ccnt. last. year. Wheat.—The market is steady, but quiet. ;Prices,unchanged. Parcels of one Wealtoba

Flour—Market -wry firm. La Plata February«M&rch fthipmcnt, 31s. 6d. Beans and Peas.—Market firm, but cruiet. Barley.—Market steady. Auatrolian Chevalier, 40a. 6d. to 435.

'• Buttcr.-r-Tlw market is cosier, chiofly am to more plentiful 'supplies of Danish, owing to the diminution, of German, demand. English buyers arc holding back. Pricce— Choicest "Australian, 130s. to 1345.; New Zealand, 1345. to 136?. (Jheesc.—The market is ftrm. Prices—New Zealand, 88s. to 89s. Queensland, 62a. to 86s. AnstrniUm Bacon—Oomberlande, 64a. to 655. Sugar—The sugar market. is . steady. Prices are unchanged. Bradford Tops—The market, is firm, with, good HKpriry. Fifties, 25Jd. : ,forty-6hes, 235 d.; fortieß, 20Jd. . METAL" MAItKHIS. Oopptfr.—On the spot, £63 sb. to £63 Ids.; threo months, £63 15s. to £64. En.—On.the spot, £177 to £177 10s.; three months. £154 15n. to £155 sb. Pig-iron.—s6s. sd. Lead—£lß 15s. to:£18 17s. 6d. Silver.—Bar silver Is quoted &t 22 !l-16d per ounce standard. INVERCARGILL WOOL SALE BEST OF TtEE SSAfiON. (By Telegraph.—-Press Association.) Inuercarelll, February 12. • Vho ftnaj wool sale of the season "was held here to-day when 7947 bales were offered and sold.. Xhero wag a good attendance of. htiyoro and competition wa£ very spirited ana compared with the recent Ohristchurch sale priceß-all Toraid were fully Id. ahead. Compared with the January twicß in. Inveroargill prioes wore from Id. to 2d. better. • The president of the ■Wool-buyers' Associaticn, Mr. Walter Hill, in the oonree of an interview, said that to-day's sale was the best which had taken place in. New Zealand this season. The top price of the sale "was 15id. for four boles of crossbred hogget wool grown by Mi;. J. Smith, of Gore. ■ , A comparison of the prices at to-day's and the January sales is as follows :— ■ Jan., 1915. Feb.. 1915. d. d. d. d. Merino— ; *Snper to good ..:... — — Good .to medium ... 102 to 10} 113 to 105 Medium to inferior 9} to 83 93 to 83 Halfbred— •Sup. to good . - . 14 to 131 Good to medium ... 12 to 13 13J to m Mcd. to inferior ... UJ to 10J 113 to 11 Fine crossbred— taper to good 14. to 15 • 15J to 14 Good to mcdiam ... 12? Co 12 13* to .121 Med. to inferior ... 113 to 10i 12 to 101 Strong, crosebred— : ■, Super to good 13 to 12 15J to 14 Gi>od to medium ... lt{ to 101 133 to 13 Med. to inferior ... 101 to 10 124 to 11 •Nono offering. • - .'