COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2682, 31 January 1916, Page 8

COMMERCIAL ITEMS

Customs duty 'collected a.t the port of Wellington on Saturday amounted to £524 Bs. 2d. FROZEN MEAT. By Tclezraph—Press Association—Copy (Rec. January 30, 5.5 p.m.) London, January 29. The Incorporated Society of Meat Importers' Smithfield Market quotations for trozen meat are based on actual sales of not less than' one hundred carcasses of mutton or lamb, or twenty-five quarters of beef, of fair average quality. The quotations are not for seloot-ed lines, but for parcels fairly representative of the bulk of the shipments now on the market. The prices which follow are on the average a farthing per lb. more than the valueß ex ship, this difference representing the average coGt in expense, handling, conveyance, and selling of the meat:— Mutton— " d. Canterbury, light 78 Canterbury, light (seconds) none offering Canterbury, medium 7J Canterbury, heavy none offering Southland Bono offering Now Zealand, best .....' nono offering New Zealand, ordinary ... nono offorine North ' Island, owes ......... none offering Xew Zealand, ewes 7 Australian, heavy ...: none offering Australian, light, noun offering Australian,, ewes none offering River Plate, wethers, light 71 Kiver Plate, heavy 73-8 River Plate, owes none offering laimb— Canterbury, light 73 Canterbury, seconds 7} Canterbury, medium % Canterbury,, heavy 73. . Southland. none offering North Island, ordinary ... none offering Korth Island, selected .73 Australian, best 78 Australian, secondary Australian, inferior nono offering River Plate, first quality none offering River Plate, seconds none offering ' Beet- • Argentine, chilled fore's « Argentine, chilled 'hinds 7 3-8

• RABBITS. Jtohblts are dull; easier tendency. HOME AND COLONIAL PBODUCE. London, January 27. Wheat.—Market firm. Flour—flirm business, but limited owing to liigh prices. Oats—Dull marliet. La Plata, afloat, 30s. Peas and Beans— Market-firm. Prices unchanged. At the wool eales, bidding was escited for all qualities. Prices hardening all round, especially for crossbreds. . The Bradford ■market is strong, prohibitive quotations restricting business; M'e, 4Sd.; 60's, 44d.; common 60's, 43d.; 56's, 39id.; EO's, 34d.; «'s>. 30d.; 40's, 23d. - Butter—Danish butter is dull, owing to heavier supplies. Prices, 1645. to 158s. 3d. per cwt. Colonial, rather firmer. Littlo Australian offering. Choicest salted, 1425. to 146=.; unsalted, 1565. to 160s. New Zealand, salted, 1465. to 1505.; unsalted, 160s. to 16Ss. Cheese.—Market very firm; prices unchanged. THE METAL MAKKETS. Copper.—Spot, £89 15s. to £89 ss. (?); electrolytic, £120 to £124 10s.; forward, £177 10s. to £178 ss. . ' Pig Iron.—£Bl as. ss'.; forward, £32. Silver.—26 15-16 d. per ouncc standard, ■ Sugar.—Market firm. American granulated,. £35 pin - ton.. LONDON. MARKETS. (Rcc. January 30, 5.5 p.m.) London, January 29. Wheat— Quiet; prices unchanged. Jute.—Native first marks, January-Febru-ary shipment, £31 per ton. N.Z. Hemp.—February-April shipments, JS per ton Cotion.—January - February shipments, 7.71|d. per lb. i Copra..—January-February shipment, £33 ss. per ton. Itubber.—Hard, fine Para, 3s. per lb.; plantation, 3s. ljd.; smoked sheets, 3g. Cgd. Wool.—The market is animated; croßßbreds are exceedingly firm; merinos, unchanged. "Castle" clip, top 261d.j average, 23 3-3 d. GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government securities, in comoariscn with those ruling last week;— :

HONEY MARKET. The Bank of England discount rate was on January 2, 1914, reduccd from 5 to nor 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 July 31 it was raised to 8 per cent., and on Aufrust 1 it was further advanced to 10 per ccut. On August 6 t.hc 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 linnk of France rate is 5 per cent., as against 4 per ccut. prior to the war. 01' EN . MAIUvET DATE. -The open market discount rate for three months' bills is 5 3-16 per cent., as compared with 5,\ per cent, last week and 1 15-16 per cent, last year. .Short loans arc quoted at 1 15-16 per cent., as against 1 15-16 per cent, last week, and 2 per cent, last year.

_ Variation Stock ' compared Price, with _ last week. £ s. (1. 2$% Imperial Consols 59 0 0 Unchanged i)J i, War Loan bU 5 0 5s higher 44 „ War Loan 95 0 0 Unchanged l , N.S.AY.1923Jao.-July S3 0 0 Uuchauned Ji .NibAY.lObO-tOMr.-Sp 0(3 0 0 2/r, higher 35 t iN-bA\ • Jiflrly Curr 83 15 0 7/ti hichoi" d ,.N \V. lS'ia Ap!.-Oct 7o 0 0 Unchfin/'ed I ,.Vic. 192U Jan.-July , <4 0 0 . hkiuir 3i „Vic. 1921-6 Juu.-July yi 5 0 2/0 lower 3 f ,Vic« 76 U I) Unchanged BJ „S,A. 1916 Jan.-July fc5 5 0 Uncbangwl 3 ,S.A. ltflti Jau.-July 70 JO 0 UucUauged 4 ,.QTdl9l5-34 Jau.-July 9D 0 0 Unchanged 'is „Q 'I'd 19.d-.M7 J an .-J uly I'l 5 t) Unchunyoil 3 »,(%! j'ul92>.47Jan.-July 74 It) 0 Unchanged 4 Jlh-0 Aiay-Xov. 15 0 0 l/'i> lower 3a J912-10 Jau.Jly S3 u 0 Unchangod 3 M-Z. Ajivil-Oct 7G 0 0 Unchanged '"U'.A. 1 , j15-35M'j-N , v b7 10 U Unchanged 3 "W A, 1915-H5 M'y-ftov W U 0 Unchanged 36 ' Tas lihiO Jan-July tt> 5 U Unchanged u. "Tas llMMO Jan-July 76 1 3 Unchanged