COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2480, 5 June 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. A solo of Golden Bay Cement shares at 225. was recorded in the investment market 1 yesterday. The quotations were as under:— . - Buyers. Sellers. £ e. d. £ s. d. ; National Bank — 6 11 0 Bank N. 2. (£3 6s. Bd.) ... 11 8 6 1112 0 Bank N.Z. (£6 13s. 4d.) ... - 17 9 0 Equitable Building 9 12 6 — "Well. Trust, Loan, Ltd. ... 7 11 0 Well. Gas (pref.) 10 6 - N.Z. Insurance 6 2 0 — Gear Heat (£1) 4 0 0 — 'Well. MeoA Export (£5) ... 6 0 0 — Well. Woollen, (ord.) 412 0 ' — Ley'and-O'Brien 116 — , Oustome duty collected at the port of Wellington, yesterday amounted to £1198 12s. Bd. WHOLESALE PRODUCE PRICES. Messrs. Laery and Company, Limited, report wholesale prices as follow:—Fowls' wheat, prime, 7s. 7d. per bushel; fowls barley. 6s. 3d.; Cape barley, 6s.' 6d.; feed peas, prime 6s. to 6s. 6d.; Prussian blue peas, Bs.; partridgo peaß, 7s. 6d.; maize, 6s. 3d.; chaff, oatensheaf. £9; hay, £7; oats. 4s. lid. to 55.; flour in sacks, £18; oatmeal, £22; bran. £9 55.; pollard,, £10 5e.; Ticemeal, £4 10s.; onions, £5 6s. to £5 10s.; potatoes, £5 15s. to£6 5«.; bacon, aides, 9£d.; hams, Sid.; rolls, lOjd.; shoulder bacon, 7Jd.; cliccso, BJd. to 9d.; linseed meal, £19 10s.; lin6ecd nuts and linseed crushed, 14s. per cwt. . SOUTHERN MARKETS. fflv TelwrraDlJ— f'rew Association.! , Christchurch, June. 4.' The wheat market is Arm, but with little < business doing. A few Eales ar© beinjr made by merchants to fill requirements m other parts of the Dominion, but thore Is 1 practically no wheat offering by growers. Those who have not disposed of their ■ wheat axe firm holders, and are generally asking 7s. at country stations. No oats are forthcoming from growers, and the market keeps very firm. Owing to the scarcity of supplies, oatshcaf chaff is in good demand from the North Island. The potato market has advanced as the J offerings are now limited, the ruling prices boihg £4 ss. to £4 7s. 6d, at country < stations, according to distance. Cowgrass seed is now offering more freely, J and although the crop is a short one, prices are low in consequence of heavy importations. The priceß being paid are 6d. and ' 7d. per lb. j TALLOW. ] The Now Zealand Loan and Mcrwuitile Agency Company, Limited, haT6 received ' the following cablegram from their London 1 house, under date June 2:—We quote present spot values for the following descriptions:— ( Fine mutton. 345. 9d. per cwt.; good beef, ] 335.; mixed, 295. 3d. The market is dull, with downward tendency. .j 1 QUEENSLAND WOOL SALE. By Telegraph—Press Association—Copyright J Brisbane, Jane 4. At the "wool sales fort 3' thousand balos were catalogued. Good combings sold well ' at late rates, but faulties and scoureds 8 were irregular. J VICTORIAN PRODUCE MARKET. n Melbourne, June 4. F Wheat, 7s. lid. to Bs.: flour, £17; oats, 0 ss. to ss. 3d.; maize, se. 3d. to ss. 4d.; 3 bran, £10 55.; pollard, £11 55.; potatoes, £6 to £6 10s.; onions, £6 10s. • p BANK OF ENGLAND RETURN: * (By Telegraph.—Press Assn.—Copyright.) I 'London, June 3: The Bank, of England return issued , for the week ended Wednesday, June 2, is as under: — p Issue Department. Note Issue £75.893,000 Gov. debt ... . £11,015,000 f Other securi- (, tics 7,434,000 j Gold 67,443,000 (| £75,898.000 £75,898.000 J Banking Department. Proprietors' Gov. securicapital £14,653,000 ■ ties £51,043,000 s Public de- Other seenriposits ... 131,753,000 ties 158,883,000 . Other dc- n posits ... 84,025,000 Notes 45,367,000 »' Best, 7-day . and other A bills ... 3.168.000 Coin 1,196.000 ® £233,469.000 £033.489.000 I

The leading items of the Bank of Eng. land return nfl'oj'd lie following comparison :— This week Last week Last year , Bullion 57,449,000 60,418.000 34,319,000 Reserve ... 43.563,000 47.241,000 -25.448.000 r Note Circulation 33,631.000 32.947.000 38,084,000 Public Deposits J31.753.000 132.080.000 17,547,000 , Other Deposits 81,025.tKXl 67,742,000 42,366,000 Proportion of reserve to liabilities 20.20 31.40 42.46 GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government securities in comparison with those ruling-last week:—

MONET MARKET. The Bank of England discount rate was on January 2, 1914, reduced from 5 to 4} pei; cent., on January 22, it was reduced to 4 per cent., and on January 28 3 per cent. On July 30 the rate was raised to 4 per cent., and on January 28 3 per cent., and on August 1 it was further advanced 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. The Bank of. Prance ra.te ii 6 per cent., as against 4 par cent, last year. OPEN MARKET RATES! Tho open market discount rale for three months' bills Is 2J per cent., as compared with 2 13-16 per cent, last week, and 23 per cent, last yeai-. Short loans are quoted at 2 per cent., o6 against 12 por cent, last week, and 23 per cent, last year. COLONIAL AND' OTHER PRODUCE. Wheat.—The market is weak, and sellers are offering to accept 6d. per quarter less; Walla Walla, afloat, is quoted at 655. Flour is neglected. Oate are dull. New Zealand, 375.; Bulua Blanca, June-July shipment, 295. 3d. Peas • and beans are steady and unchanged. Sugar.—The market is firm, end pricco aro unchanged. Bradford Tops.—There is a 6trong demand for merinos and fine crossbred counts. Sixty-fours, 38d.; super sixties, 37Jd.; common sixties, 36id.; fifty-sixes, 32d.-, fifties, 30Jd.; forty-sixes, 27id.; forties,. 25Jd. METAL MARKETS. Copper.—On tho spot, £80 12s. 6d. to £80 17s. 6d.; three months, £81 12s. 6d. to £81 17s. 6d. Tin—On. the> spot, £159 10s. to £160; threo . months, £159 to £159 10a. Pig-iron, 655. Bd. Lead, £23 to £23 17e. 6i.

Variation Rtnrir compared btOCli p rice> wifclj In Rfc week. £ s. d. 2J% Imperial Consols 66 8 9 Unchanged i ,.N.S.W.l933Jan.-Ju!y 05 2 6 30s lower 5* „N.S.W.lDaO-50Mr.-Sp 97 2 6 Unchanged 3§ „N.SAV. Early Curr 83 5 0 2/6 lower 3 „N.y, W. 1925 Apl.-Oct 79 10 0 109 lower i „Vic. 1920 Jan.-JuJy G7 0 0 45s higher Si „Vic. 1921-6 Jau.-July 91 0 0 5s lower 3 M Vic. 1929-i9Jau.-J*Iy 7(i 0 0 Unchanged 3i „S,A. 1916 Jau.-July 86 0 0 20s higher 3 „S.A. 3916 Jan.-July 70 0 0 Unchanged 4 „Q'ri391->2J Jan.-Jwly D7 0 0 80s lowor 3i ,.Q'l'dl92 , 2-d7Jun.-July 01 7 6 5s lower 3 „QTdl322-47Jan.-JuIy 74 10 0 Unchanged i lt N.Z. 1929 May-No v. 95 17 6 2/6 higher 3$ „N.Z. 1912-40Jau.-July 63 10 0 20s lower 3 „N.Z. 1S20 April-Ocfc. 76 0 0 Unchanged 34 h \V.A. 1915-35 May-Kov 87 15 0 2/6 higher 8 „W.A,1915-35May'Noy 62 0 0 Unchanged 3i ,,1'as. ]£W0Jau.-July 85 5 0 TJnchfl.nged 3' „Tas. 1020-40 Jan.-July 76 0 0 Unchanged