COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2414, 20 March 1915, Page 10

COMMERCIAL ITEMS

INVESTMENT. BHABEB. There were ao'transactions in investment shares' yesterday. The quotations were as under:— - Bayers. Sellers. , £a.d. . . .£ e.'d. ' National-Bank-...C.../.-.-...... 5 9 0. — i 8k.,1T.Z. (£3 6a. Bd. pd.) 10 19 0 : - Bk. N.Z.' (£6' 13a: 4do - 17 8 0 , Met. Permanent (ex). r.-:..- — 1115 0 ■ N.Z. and Kiver Plate 2 0 0 — Well. Gas (£10) 16 2 6 — N.Z. Shipping (pref.) 10 10 0 -- Union Steam (ord.) 1 3 /9 14 3 Mosgiel, Woollen 3 15 0 Westport" 112 9 — We6tport-Stockton — •• 0 5 1 Sharland (ord.) 1 < 6 Bbarlsnd:: (pref.)..- rl.• 3. 6:/.. .. . D.1.0. (pref.) - 10 3, - W.F.O.A.' (£5)- 6 0. ■ Customs.; duty ;collected at;.tho port of Wellington yesterday, amounted to £1306 Is. 11<1., ■ ' • ' 60UTHEEX JIAEKETR. , '..(By jTelcEra'ph.rrPress -'Association',) ; ; c. i-■ chrlstohurch, March-19. . . The 1 .local, wheat . market is;. .distinctly , easier, owing to,the .withdrawal of buyers. Millers are declining to-nuy. except ai. reduced limits', "and 'there is not the competition for grain thcro- was a--week-or two ago. The ruling-price, for-Hunters and Tuscan is;noiy,6s. Bd. at, country stations. A line' : has been'; bought as low as .6s. 7d., but the quality ; .was jjot; quite, prime, and the station- was a distant one. There ie ■very little Pearl now offering, but it would probably' still bring! Id.'.per bushel more than the. other two. varieties. The prohibition of the export, .of...oats has eased the market considerably, and at the same time the North Island demand-is also falling off. This latter factor lias • affected; tho price of Algerians, -which are:, distinctly easier... Gartens and ■ Duns are also. selling, at lower-rates.- -Reporte on the Southland oats crop show that the. yield there -will be better than, was expected, though much ; of-the-harvest-will be late.' The barley crop has now practically- all changed ■hands, but any. prime samples would command -up. to 55.. 3d. at countTy stations. There is -very' little- oatsheaf chaff offering. and the market is. firm at £5 10s., to £5 125.. 6d.. Potatoes are still selling at £4 ; at country , stations for .March-April delivery.; LONDON WOOI. SALES. (By : Telegrapfe-Press. Assn.—Copyright.).. - London, March 18. At'the. wool sales - thero was a good wle for all sorts. Prices were, unchanged. The . folio-wing prices were received for portions of the clip6-named:—De-'-Grey,-top price ; ll|d„ average 9?d-; Carwoll, 13d. and llld.j Angledood,"' 14id. and lOf'd.; Midge'on, - 16d. and-.141d.; Deniliquin, 16d. and 143 d,; Mortat, 17d.' and 16Jd. New Zealand—Kiwi, 18d. and 17 3-Bd.; Napier", 18d. and 173 d.; West-ho, , 18id, and 17Sd.-; Wacwacpay 19d. and 17|d. Bradford spot lote aTe 1 very 31d., 30id„ 29idi, 29d„ 28d., 26Jd., and. 25d... : Messrs. Murray,..Eoborts and Co., .Ltd-,. have this morning received the following cable .advice-, from their London friends, Messrs". Sanderson, Murray,- and. -dated- . March'-18~Wool : market- strongi shows hardening- -tendency'. ■ Sheepskins: Mer-mo,. full-woolled;.. advanced., id.-., to.-34.;cross-, bred.rfull-woolled, .advanced.ild. to, Id;: nalft, woolled advanced ; ld. ,tq;4d.,, Pelts; . id.-V'_ -• Messrs. iMurrayr Roberts and-C0.,,...Ltd.;' ? have-received a cablegram from-taear London friends, 'Messrs. Murray, and Co., under date Moron 18, asjollows:— "Woo! market:.strong;*.shows ..hardening -tendency." iSheep&lrins,- merino, full-wool-., led, advanced Jd.' to 3d.;. crosßbred Jailwoolled • advanced -2d. to Id.; nalf-woollea advanced ; id. to' Jd.; pelts - declined id. to id."--- ;*. ' •'/ -■\ -- SHEEPSKINS " SALE. ■. (By Telegraph—Press,Assn.—Copyrif' l '.) •• London, March 18. At the sheepskins silee there was a,good attendance - and, excellent ' competition. Seven thousand' one' hundred Australian, 700 from the.'Capei-and-1900- Puate, Arenae were offered, and the bulk cleared. . .Compared "with the .-.January salesman. . the combings averaged . $d. dearer. The greatest advance was in New Zealand ci*o6sbrcds end clothirige,/Which were Id. to id. dearer; lambs, id. dearer. Tho prices, for merino pelts are unchanged. : The next auctions' -take place on May o. . Messrs.^..'W*;- ■■and G. Turnbull.. and' Co., Ltd., • report, having received th& following cablegram from London,, dated March J c Sheepskins, combings,.prices.havo advanced Id. per pound,' clothing advanced Jd. per pound;-pelts, declined Jd. per pound. YICTOEIA'N PEODUOE MARKET. (By Telegraph—Press Assn.—Copyright.) •. .? ft ..'.--.Melbourne,' March 19. -.. WhAit,. Bs.'i . flour. £18 55,; oat 6,. 55.; to ss. 3Jd.; barley, English. ss. lid. to 6s. 2d., Cape ss.:to ss. 2d.; maize, 65.; bran, £9; pollard. £11 to £11 55.;-potatoes; £5 10s. to £6; onions,'£s,ss; to £5 15s. ; . BANK OF ENGLAND RETTON. - fly Telenraph—Frees Association—Copyright • London, March 18. : The Bank of England' return, issued for,;the - week, ended. Wednesday, March 17, is as under : •; - '' Issue Depabtmest. • Note Issue '£76,477,000 Gov. debt ... : £11,015,000' . Other securi- ' - •: ' ' ties ' ... "... • 7.434 t 000 ■ • • • Gold 58,028,000 .- . X76.477.000'. X 76.477.000 Banking Depahtmest. ■ Proprietors' Gov. securicapital-. iH.553,000 ties... ... • £30,010,000 Public de- " Other seeuri- . posits ... 70,950,000 ties 115.750,000 Other de- - posits- ...100,404,000 Notes... ... 42,412,000 Rest, 7-day " ' and other bills '... 3.742.000 Coin ■ 1,438.000 '.£189,649,000 jeiß9.C-19.000. The leading items of tho Bank of England Teturn afford tie following comparison?, Thißweok Last week Last yeiir £ " . £ £ 8u11i0n.... ... 58.028.000 58,384.000 39,562,000 Reserve ... 43.850,000 41.031,000 31,185,030 Note Circulation 34,065.000 34.296,000 -28.435,003. Public Dejinsits 70.950.000 50.126.CC0 27.448X03 I Other Deposits 100*404.000 129,764.000 40.447,000 Proportion of rcservo to, .' > liabilities 25.58 24.47, ' 45.92 GOYEHNMENT. SEOUE-iaiEß.. ■

for Consols and Colonial Goyernment Securities -with a comparison of those ruling loet week:— Variation compared ... ' Price; with . j last week. ». £ 6. d. Imperial C«de*ls 66 10 0 Unchanged i ~N.5.W.1933Jau.-July 99 5 0 5s highor ii 97 2 6 o/q j owei . 3. ..N.S.W. 1925 Apl.-Oct 80 15 0 Unchanged 1 „Vic. 1920Jau.-suly D 9 0 0 5s lower Bi „Vic. 1921-ti Jan.-July 04 0 0 5s lower 3 „Vic,l9*29-49Jan.-July 79 0 0 Unchanged Bi „S.A. 1916 Jan.-July 69 0 0 2/6 lower 3 ~S.A. 1916 Jan.-July 73 0 0 Unchanged ] 4 •„Q , rd1915-24Jan.-July 99 10 0 10b highor Si „Q'rdl922-47Jan.-July 94 2 6 7/6 lower 3 „QTdl92-2.47Jan.-July 78 0 0 Unchanged 4 „N.Z.*l929ilay-Nov. 97 7 6 12/6 lower 3J „N.Z. l!)r2-40Jan.-July 87 2 6 Unchanged 3 ApriUOct. .77 15 0 5s higher 3$ «W,A.191G*35 May-Ntr 89 10 0 2/6 higher 3 ,;W.A, 1915-35 May-Nov S3 15 0 5s higher 3$ ~l'as. 3820 Jan.-July 89 0 0 5s lower B „ Tas. 1920-J0 Jan.-July 79 15 0 Unchanged MONEY MAEKET. i The Bank of England discount rate waj on January 2, 1914, reduwd from 5 to . per cent., on January 22 it was reduccd to i 4 per cent., and on January 28 to 3 per : cent. On July 30 tho rate was raised to 4 j per cent., on July 31 it was raised to 8 per cent., and on August 1 it was further ad- : vanced to 10 per cent. On August 6 the < 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 Prance rate 16.7 per. cent., as against*4 per cent, last year. • OPEN MARKET RATES. i The open market discount rate for three , •months' bills is 2 3-8 per .cent., as compared with 1£ per ceut. last week and , 2 1-16 per. cent, last year. . v . J Short loans are quoted at 11 per cent., , fl6 against 15s. per cent, last week, and. 2£ per cent, last year., j OOLONIAIi AND, OTHER PRODUCE. , Tho wheat market is" dull. . Flour-Market steady; prices unchanged. . Barley—Quiet. Australian Chevalier, 38s. ' Oats. —Firm. New Zealand,. 355. to 375. Peas.—Market quiet; prices unchanged. Bean6.—Quiet. New ZeoJand, 425. to 435. Butter—The market is very strong. Colo- j nial is in short supply. Choicest Au6tralian, 140s. to 1425.; New Zealand, 1445. to J Ch&ese—The market i 6 firm. New Zealand, 945. j ' THE METAL MARKETS. ' Copper.—On the spot, £67 to £67 sa. per three months, £67 10s. to £67 155.;.' electrolytic, £72 Is 6. to £73 ss. Tin.—On the spot, £187 to £187 10s. ;• three cenths,' £173 10s. to £174. • Pig-iron.—Middlesbrough No. 3. 635. peT Soft foreign, £22 15s. to £23 10s. , Spelter.—£44 to £44 10s. ... Silver.—Bar silver is quoted at 23gd. per j ounce standard.