COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2576, 25 September 1915, Page 8

COMMERCIAL ITEMS

. INVESTMENT SHARES • ' In the market yesterday .saieswere recorded of Bank Zealand, old, at'£lo 55.;-WeUington Trust and Loan at. £7 7s. and Union Stoam,' preference, at 80s. : The quotations were- as, follow-;--- ' ; i " ; v ' 'Buyers.- . Sellena.' ' £ 6. d. £ e. d. National Bank ................ 417 6, 50 0 Bank of N.Z. (£6 13s. 4d.) - .16 7 6 Union. Banlc 0 Equitable - Mortgage ....... 9 5 « ...... National -M0Hgige"'......... »■" Well. Invest. T. ... - - 07 9 Auckland Gas (paid) Gisborne Gas ••••■■"••••yvv 114 0 Well. Meat Ex. (£2125.6 d.) - . 217 0 ■Union Steam (ord.) 1 3 0 - - Kaiapoi.Woollen (ord.) .— 54 0; 56 0 Leyland-O'Brien-- .'}' £?.• . Manning and Co. i« o : Customs' duty collected at -tbe + P° r t Wdlington. yesterday amounted to £2oAJ 13s. lid.

SOUTHERN MARKETS. -7. '• (By TBleKTauh';—Press '.Aeso'fdatlon.V,. i Chrlstcliuroh, September 24. The wheat market is still depressed, ana the-opinion is -gaining 'grouiid that ;the Govenimentishouldiallow' export of. s, portlon- 'of ths'estimated-/ surplus. There is 110 fear of a scarcity of wheat, next year, as even if Hie' crop fails through the con-tinua-nco . of:,: the .present weather in Canterbury and North Otago. there will be ,a large surplus in Australia to •.draw upon at what in these times may be considered a moderate price. Already growers arc anticipating' much, lower (prices next year, and it is stated that several of next season's wheat have been made at 45., fid. and 55.,. at country stations (tiiefe is no movement in other lines, of grain or produce). • The dry.. weather is hampering the seed trace. • • . - - There are ft few-potatoes - offering, ana -the price is still £5 at country stations.

. LONDON Y?00Ij SALES. By Telegraph—Press Association-OopyrUht London, September .23.' At the wool rales merinos were irregular, with prices id'buyers' favour. There ivas a strong all-round competition,for a good selection of crossbrcds. . Tho following: prices were realised for tho fleece portions'of the clips named: "Bangate." t-op 16i1.. 4^' cr ®5f l-Bdy Tathong," 16id. "and. 143 d.; "llaneroo, Hid. and 161 d. New Zealand: "Gore, 18d anu 165 d .; ' "ETewhon;" < 19Jd. and 19d.; .Orua- ' inatua," : 21id. 21d. VICTORIAN' PEODTJOE MAEKETS. Melbourne, . September 24. Wheat, Bs. Id: Flour, £17. . Oats,' Algerians, 3s. 6d. to 45.: Chilis,. 3s. 6d.; Japanese 2s. 5Jd. to 2s. Od. Jlaize, 4s. 6Jd. Bran, ■4s. Pollard, 6s. Potatoes, £7.lCs. to £8 6s. Onloiis, £5 10s. to £5. . .- ' The New' Zealand Raifrviys Department insert a full timetable elsewbore in this issue of,the train service, to Otaki and return on September 27 and 28. The occasions are the Otaki; Maori Racing Club's meeting. .....

. BANK OF ENGLAND RETURN. (By Telegraph—Press Assn.-CopyTight.) 1 London) September 23. The Bank of England return issued for the week ended Wednesday,. September 22, is as under: — Issot; Department. Note Issue i 60.986.000 OojmWW™ £11,015,00 tics ... ... : v.434,000 Gold 62.559.000 ie 0.968.000 t . i 69,088.000 -, BANKIXG DErAOTSIEXT. 63.616.000 Notes 10,365.000 •Best, 7-day ; : billß 3.761,000. Coin ,363.000 ' ■ £216,718.000 £-216,718,000 ■■ The IC&ding items of the Bank of England return afford the following compari6011' . This week Last week Lastycar. ■Bullion ... - 63,530.000 63*000 61.0-28,000 Sree - 10.728,000 60.67J.C00 35.920.000 Noto Circulation 31.623,000 31,515.000 31.203,000 pSbUo Dworite 308,758 000 121.575.Ce0 28.633.0U0 Other Deposits ■ 80.616.000 ' 00.188,000 140,'.W,000, Proportion o£ '■ resorvo to .. liabilities 25.C0 ' 23.93 23.33 •

; GOVERNMENT SECURITIES. . ' The following are the latest quotations for Colonial Government securities in comparison with those ruling last week.—

MONEY MARKET. The Banlc of England',discount rate: waff on-January 2, 1914, reduced-from s^-.to 4J, per cent., on Januejy 2a. it was reduced to 4 per cent., and on January 28 3 per cent. On July 30 the rate was raised to .4 percent., and on January 28 o. per . cent., and •on August 1 it waa further advanced to 10 per cent. On August 6 the. .rote v was reduced to' 6 per cent., on August 7it was ther reduced' to 5 per cent., at which rate, it now stands. -. . ' The Bank of France rate is. 5 per cent., aa against 4 per cent, last year. ■ The open market discount rate for three months' Bills is 4 1-16 per, cent., as cowi•pared with 43 per cent, last week, and 31-8 per cent, last year. r Short loans are auoted at 4 3-8 per cent., •r'as. against 4 s*B per last week and 2 per cent, last year. - .. . .

COLONIAL AND: OTHER PRODUCE. . Butter—Market very firm. Danish is advancing continuously, owing to largo German purchases. The -expected short-ago of choicest will continue till the'colonial, arrivals commence. - Cheese.—Market steady/ and. prices changed."Wheat.—The market is firm. Flour.—Firm -market, but -inacrtivo. Oats.—Market firm. La .Plata, , shipping and shipped, £1 4s. 4Jd. . - Beans aad Peas.—Market firm, prices unchanged. . Sugar.—Firm- marliet.. American. granulated, on the spot, £1 12s. 6d.,. # Bradford Tops.-The-. ; market is fairly cheerful. Merinos and fine, crossbreds are firm. Forty-Bixcs, 25£d.i'forties, 23Jd. . METAL MARKETS.'" • t Copper.—On the spot, £69 .12s. 6d. to £69 175.. gd.: three-months, £70 10s. to _£7G 15s. ' Tin.—On "the spot, £150 to £150 10s.; three months, £150 15s. to £151 ss. Pig-iron, £3 Is. id.. Lead. £24 and £22- 17s. fid. • . Bar silver 'is . Quoted at 25gd. per ounce standard. .

Variation ' ' compared Stock Price. with ' . . - ■ . '■ - last week.. ~ ~ £ s. d. 2i% Imperial Consols 65 1 ■ 3 Unchanged 1 N.S.\V.1933Jan.-July 05 1» 3 Unchanged li"N.S.\V.1930-50Mr.-Sp 05 1 3 Unchanged 35 Early Curr 83 15 0 10s higher 3 . .N.H.AV.1925 Apl.-Ocl 78 2 6 Unchanged i , ,'Vio.l920Jan.-3uly Sa l 6 1/3 higher Hi ,,Vio. 19-21-6 Jan.-Jaly 01 5 0 Unchanged ,3 , Vie. 1929-49Jan.-Ju!y 1& 0 U . Unchanged '3i ,,B.A.'1916 Jan.-July 65 5 0 Uncliangod 3 8.A. 1916Jan.-July 70 0 0 Unchanged 4' Q'l'dl915-34 Jan.-July 95 0 0. Unchangtd 34 , QTdl9J2-47Jan.-Jnly' 91 6 0 Unchanged 3 .Q'l'dK&iMJJan.-July ' 7110 0 ..Unchanged ;4 , N.Z. 1929 May-Nov. 95 0 0 3/3 lower - 35 .N.Z.l!)12-10Jan.-July . 63 7 6 5b lower 3 , U.K. 1S2UAl>ril-Oct. 76 0 0 Unchanged. : 3i „W.A.1915-35May-I\"ov S7 10 0 Unchanged 3 „\V.A,19io-35May-Nov 82 0 0 Unchanged 31 ..las. 1920Jan.-July 85 5 0- ,5s higher 3 „Taa. 1920-40 Jan.-July 76 1 3 Unohanged