COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2588, 9 October 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES.. ' In the investment market, yesterday sales were recorded'' of - Wellington .Gas (£10) at; £16, and Auckland. [Trams : (ordinary) at 21s. 44d. The quotations were as follow:— ... ■■■•, ' ■ Buyers. Sellers. •£s. d. '.' £s. d. National: Bank. .....' 419 , 0 — Bank.N.Z. (£3 6s. 6d.) ~/10 0 0 10 5 0 Bank N.Z. (£6 13s. 4d.) ... . ...16 7 6 Well. Trust," Loan, .Ltd.... — 7 o o Christchurch. Meat — • ? ; J Gear Meat ■ (£1) ~ ■ 48 0 Union (pref.) ...... 1 0 .0 . — Well. Woollen (pref.V 3 6 0 - Westport Coal : ■ ~ ■ ' 19 Westport-Stockton. ......... 0 5 3 — Leykuiil-O'lSrien 1 2 3 ■ - "T _ Golden Bay Cement 019 0 1 0 0 Ward and : 00. 5 6 0 . . ...—. EASTMAN KOTAK OOiIPANT. .The .United' States • District' Court 'on August : 24 declared .'.•that ' the - Eastman Kodak monopoly . was • a violation of tho anti-truet ■ law.: Under the -,-thecompany was grants : 'the opportunity of reorganising : on a' legal • basis. This suit brought by-tht United States'. Government asking!.for .the dissolution of the. Eastman Kodak Company,. capitalised at • 66,00(1,000 dollars,..has- been" pending' since June,; 1913. The ,Government alleged, that; the .Eastman Company - wao. -monopolising. 4he trade .in photographic supplies in the United States, in violation of the anti-trust. law,, to .the extent' of conrtolling -72 per cent, of the business.- ; EesWaints,' the Government declared, had been : imposed, on the business of competing manufacturers, and- dealers by the oompany's. terms of 'sale, which prohibited, dealers selling Eoistinan goods from selling, the goods of any other'manufac-turer;-and, fixed retail prices of tho goods; by the operation of retail or 'stock-houses as ostensible ; cbmpotirig : establishments; and by marketing, through c another'! cor-: poration a certain -film -as' if it were •an independent product. For a , year various attempts; were ma-do /to briqg'. about a settlement.-'the'Ea-stiiiAh" Company agreeing to modify its practices. ■ The company -insisted,, however, -that the fixing of retail priceswas necessary- a$ .a. protection to.its customers aqain pricfrohtting by retailers. It contended''that it wits by the merit of. its products,-alone, and* not by any methods of marketing, that; tho, Kodak corporation and business had assumed .its present size end influence, and that It was -possible for dealers to secure goods .from other, sources.;! Customs duty collected at the port, of Wellington yesterday amounted to £4198 ss. 2d. . SOUTHERN MABKETS. By Telegraph.—Press .association. Chrlstchurch, October 8. The Tain that-has fallen in Canterbury during the past few days, is expected'tohave a- very beneficial ..effect upon, the grain crops. The rain has been light, but will penetrate cultivated-land, ..There is no change in the gTiiin markets. r.The rise in the potntOi-market in Melbourne and Sydney has' been reflected locally, and £7 to £7, ss.',is now . being paid at country stations. The improvement' in' prices; •so - far from bringing fonvard more abundant i supplies, has, rather.had. the . opposite effect and giwers fflre; holding more- firm-' i ly, offerings during the week being scarce. FLOUR AND OEBEALS. 1 By Telegraph—Press Association-Copyright' (Bee. October 8, 9.30 p.m.) London, October 8. Wheat is quieter and flour is firm. Oats—The market is strong. .La Plata, October-November shipment, 275. Peas' are firm. . New Zealand maples 645. to. 665. ■ BANK OF ENGLAND RETURN. (By Telegraph.—Press Assn.—Copyright.) London, October 7. The Bank of England return issued for the week ended Wednesday,' October' 6, is as under:— Ibsoe Department. Note Issuo £79,516,000 Gov. debt ... £11,015,000 Other socuri- ■ ■ ■ ties' 7,431,000 Gold 61,067,000 ' £70,516,000 £79,516,000 Banking Department. Proprietors' Gov. securi- ' capital £14,553,000 ties £31,266,000 Public de- Other securiposits .... 81,275,000 , ties 119,266,000 depoßits ■... 98,302,000 Notes,.. ... 46,636,000 Best, 7-day and other bills ... 3,145,000 Coin ... ... 187.C00 £197,376,000 £197,375,000 The leading items of the Bank, of England return afford tie following comparleon-.— This week Last week Im6tycar Bullion ... -..., 61,067,000 61.818,000 56,180,000 Kesorve .... 46.828,000 47.659.000 40,378.000 Noto Circulation 1 32.877,000'' 32,800,000 34,829,000 Public Deposits • 81.375.000 116.217,0C0 17,852.00 Other Doposits 08,302.000 76,689.000 146,647,00 Proportion of , . reserve'to liabilities 26.05 24.70 34.5 GOVERNMENT SECURITIES. : The following are the latest quotations for Colonial Government securities in comparison, with those ruling last week:—

MONKT MARKET. The Bonk o£ England, discount rate Yftts on January 2. 1914, icduced Irom 5 to 41 per cent., on. January 22 it was rcduccd to 4 per cent., and on January,2B 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 wWch rate It noTf stands. ■ , The Bank of France rata i« 5 sec ceaCu i gg against .4 coat> ta#t. yco^u

OPEN MARKET RATE. The open market discount rate for threo months' bill is 43 per,cent., as compared with 43 per cent, last week and 43-8 per per cout. i«st year. Short loans are quoted at 4 3-8 per cent., A3 against 4 3-8 per cent, last week and 2i per cent, last year. COLONIAL AND OTHER PRODUCE. Sugar—Market firm; prices unchanged. Butter.—Market very firm, choicest scarce; Danish advancing owing to demands by Germans, who are paying 2345. at Copenhagen. Tho Russian Government has prohibited export for six months from November 1 in order to provide for military reqiiirements and home consumption. It is ■ expected she will require half a million casks. It is estimated tlicre aro about 150,M0 casks of Siberian now in England, and a- further 300,000 will be shipped before November. ! , , ■ Cheese—Market firm. New Zealand, 765. Bradford Tops.—Business in top-making wools at Bradford is very slow. Prices for tops on the .spot: 64's quality, per lb., 39d.; 60's, super,.3Bd.; 60'-s common, 37d. METAL MARKETS. Copper.—On the spot, £72 to £72 5a.; three months, £73 to £83 15s. Tin, —On the spot, £149 15s. to £150 5b.; three months, £151 to £151 10s. Pig-iron.—Mlddlesbro.' No. 3, 645. 4u. per ton. Lead.—Soft foreign, £24 76. 6d.; at tares months, £22 17s. 63. , Spelter.—Cash, £73 per ton; forward, £65. Silver, 23 15-16 d. per onnco standard,

Variation RtnMr compared Woc * . Price, with • • ' '■ last Tfcok. £ 9. d. 2J% Imperial Consols 65 1 3 Unohanged 4 ,,N.S.'W.1033Jan.-Joly 05 1 3 Unchanged Si ,Jl.B.'W.103O-fiOMr.-Sp 05 16 0 Unchanged 3j ,|N.BAV« Early Curr 83 5 0 Unohanged 3 „N.S. W. 1925 Apl.-Oot 78 0 0 3/6 lower 4 „Vic. 1920 Jan.-july . 05 12 6 Unchanged 3i „Vic. 1031-0 Jan,-July 91 5 0 Unchanged 3 ,.Vic.l9KM9Jan.-July 70 0 0 Unchanged 3i „BiA. 1016 Jari.-July 85' 5 0 Unchanged 3 „S.A, 1916 Jan.-July 70 0 0 Unchanged 4 ll Q , l , dl915-24Jah.'-July 95 0 0 Unchanged 3i „Q'l'dl022-47Jan.-July 01 5 O Unchanged 3 „Q'l'dl922.47Jan.-July 7110 0 Unchanged 4 "N.Z. MayOiov. 05 0 0 Unchanged 3j " N.z« J912-40 Jaii'Jly 83 7 6 Unchanged 3 "N-Z. 1920 April-Oct 76 0 0 Unchanged 35 "W.A. 1915-35 M'y-N'v 87-10 0 Unchanged 3 "W.A. 1015-35 M'y-Nov 82 0 0 Unchanged 3i "Tas 1020 Jan-July . 85 7 6 . 2,'G higher 3 "Tas-1020-40, Jan*July 76 1 3 Unchanged