COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2717, 11 March 1916, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. Ip the investment _ market business was quiet yesterday, and no traasa>ctions were recorded. Tho Quotations wore as under;— Buyers. Sellers. National. Banlt 5 *0 - 6 fi 4. Bank- K.S.W. _ ' 39 12 a Bank:sT.Z. (£3 fis. Bd.) ... 10 15 0 - Bank N.Z. (£6 13s. 4d.) ... 16 8 0 — ' National. Mortgage — 3 17 6 - Gisborne Gas 112 6 Napier Gas (£5) ■ - _ ' a m n Well. Gas (£10) _ J .National - Insurance ' — s N.Z./Shipping (ord.) 21 0 0 Union Steam .(ord.) ,s 170 170 Union Steam (pTef.) '10 6 Well. Woollen (ord.) ...... 5 3 0' I Tarmga-mutu Totara ...... _ l id n C °?J, 9ol ' Dental 10 3 GoJdcn Bay Cement,. 0 19 3 — th ® pert of -Wellington yesterday amounted to £2840

WHOLESALE EGG MARKET. i 'Industries, Ltd., report as lollows:—Supplies are very short, and tlio domand is keen, with the result that the price has advanced another Id. to Is. M per dozen. as from to-day. The shortul3 the - result of so many poultry-growers having sold out through I j % j cr y. kish Prices ruling lor poultry feed during tho past year. . . VICTOMA PKODTJGB MARKET.By Telegraph—Press Association—Copyright " Melbourne, March 10. Uran, £4 10s. per ton. Pollard, £5. J3arley, English, 4s. to Is. 3d. per bushel; Cape, „ I?, ''s. 3d. Oats, Algerian, 2s. 2JU. to jte. ojd.; feed, 2s. to 2s. 2d. Potatoes, £9 .105. to £10 per ton. Onions, £4 to £4 ss. LONDON WOOL SALES. By Telegraph—Press Association—Copyright (Bee. March 10, 9.45 p.m.) - At the wool sales crossbreds met with bettor competition, and prices hardened. Jlari'nos, were irregular. The following were the prices realised for the flceco portion of the clips. ii<irac(L;~"TaminiuiV' top price 19$ d., average price 18j<i. 'Mossi's. Abraham and •Willi'araß, Ltd., have received a. cablegram from their London agents to the effect that tho prices for crossbred wool have dociincd 7$ per cent. to 10 per cent., as oompared with the closing rates of last series. SOUTHERN MARKETS. ' By Telegraph-Press Association. ChWstchurch, March 16. The vrilieat market was shade firmer during the week, but has now eased baclt Asain. • Milling wheat brought up to 4s. 4d., but most business since douo has been at 4s. 3d. at country stations. For a line of prime pearl barley probably 4s. 6d. would be obtained, this variety being scarce. Though not as much in demand as usual for mixing purposes as/Hunters •and Tuscan wieat, it is generally hard find dry this season'. There liave been some rejections on account of wheat threshed in the stook having sweated in the bags. This trouble is said to be more frequently experienced in the Ashburton and-South Canterbury. districts than in North Canterbury, and has arisen chiefly through threshing from the stook in show, oil* weather. A fairly largo quantity of wheat is offering. Latest threshing returns. reported by the Prime Minister show that 1 tlio.y'iield of wheat in the Canterbury area i thTCshed is not equal to tho /preliminary ostium tea of. tho Government Statistician, tviiose ilgures wero based on tho area : sown, and did riot allow for tho large area fed off. . The oats market is quiet, with very little business doifrg. Prices are* without change, Oat-sheaf ohaff is dull of sale. For potatoes,. £5 is being paid for delivery tins month, £4 15s. to £5 for April-May delivery; Jor forward delivery -very littlq business nas been . done, as most buyers decline to make offers. A few lines of partridge peas brought 6s. at country stations. BANK OF ENGLAND RETURN. By Teiegrapli—Press Association—Copyright (Eec. JTarch. 10 9.10 p.m.) London, March 9. The Bank of England return -issued for the week ended Wednesday, March 8, is as under:— ' Issue Department. Note Issue £73.545.000 Gov. debt ... £11,015.000 .Other securities 7.134,000 Gold ... ... 55,096,000 £73,545,000. . £73,515,000 BANKING Depabtmekt. Proprietors' Gov.securieapital • £14,553,000 ties... ... £32,839,000 , Public de- Other securiposits ... 52,175,000 ties 93,160,000 Other deposits .... 87,036,000 Notes 40.041 000 Best-, 7-day and otboi- • - bills ... 3,270,000 Coin -... ... 053.C00 £167,043,000 £167.013,000 Ths leading items of tile Bank ol Ens'fled return afford tlie following comparison , , This weok Last ireok ta6tycar £ £ £ Bullion 55,006.000 65.235.000 55.354.0C0 liesorvo ... 41.421,000 41.253,000 . 44.031,000 Note Circulation 33.10<,000 33,300,000 34,296.000 Public Deposits 5-U7S.UUO 60,631,000, 50.126.0C0 Other Deposits 97,036.000 102.018,00U H1),764,000 Proportion ot reserve to liabilities 27.76\, 27.0-2 24.47 , GOVERNMENT SECURITIES. Ths, following are the latest quotations for Colonial Government securitios in comparison with those ruling last weeksVariation Sttielr compared Btocl£ . Price. with ; last week. . . : £ 5. d. ~ : 2J% Imperial Consols 57 2 6 fl 3 ] nn , r ,. nr r oan ' ' n' 5 0 lower 44„'WarLoan 96 15 0 6s lnn-ei-i „K.5.W.1933Jau.-July 5315 0 'lOslowor -4 ,i;.5.W.1950-60Mr.-Sp 05 0 0 5s lo ° b r si „N.S.\V. Early Curr 60 17 6 sb lover 3 -,J1.8.'VV.1825Ap1.-Oot -69 17 6 17;6 lower 4 ..Vie. 1020Jau.-July al7 6 -a/61owor 31 „Vic. 19-21-6 Jan.-Ouly 63 2 6 27/6 lower 3 „Viu.1929-49Jan..July 6110 0 ■ i O , lower • 34 „S, A. .1816 Jan.-July. 72 17 6 2/6 lower '3 ~S.A. 1916 Jan.-July 57 7 6 15s lower 4 „QTd]9ls-2!Jan,-July 89 12 - 6 7/61ower 3h ~O'i'dlo22-47Jan.-July 86 0 0 Unchanced 3 „Q'l'dl922*47Jan.-July 62 10 0 6s ]ower 4; „K-Z. 1020 May-Kov. 87 0 0 7/6 lower 34 M.Z. 1912-40 Jan.Jly 72 10 0 6s lower 3 ' N.Z. 1920 April-Oct 62 17 6 2/6 hicher 34 '-W.A.MIMSM'y-N'v 76 0 0 15blower 3 "W A, 1815-S6 M'y-Nov 68 15 0 10s lower -33 'Tas 1020 Jan-July 71 0 0 22/6 lower g "Tas Jan-July :65 0 0 Unchoncea HONEY MARKET. ' The Bank ot England discount rate was 011 January 2, 1914, reduced, from 5 to 4J per cent., on January 22 it, was reduced to 4 p:ir kma., and on January ,26 3 per c«ni On Joly 30 the rate was raised to 4 iier cent., and on July 31 it was raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. On August 6 tho ra.te was reduced to. 6 per cent., on August 7 it' w<vs further reduced to 5 per cent., at ' which rate' it now stands. ■ The Bank oi France rate is J per cent., as against 4 per'cent, prior to the. war. OPEN MARKET RATE. , Tlie open market discount rate for three month.*' bills la 5 1-16 per cent., as com pared with 4 1-16 per cent, last week and lj per pent: last year. Short loans are quoted at 45 per cent., a.s against 4i jjer cent, last week, and 4 of 1 uer cent, last year. ; COLONIAL AND OTHER PRODUCE. Wheat is quiet and unchanged. Flour is dull and unchanged, Oats are weak., FebruaryMarch shipment, 31s. 6d. Peas and beans aro auiet aind unchanged Butter is very firm. Danish, 178s. to' 1825.; Australian, choicest, 1565. to 1605.secondary, 1545.; unsolted, 158s. to 1625.New Zealand, choice, 160s. .to 1645.; secondary, 1545. to ISBs.; unealted, 1625. to 1665.; Argentine, salted, 150s. to 1525.; lmsalted.l5Sp. . Cheese.—The market is strong Canadian, I 10f)3. to 1025.; New. Zealand, 98s. to lOfls. J Sugar is steady and. unchanged. i Bradford Tops.—There is better inquiry, bub the turnover is small. The quotations ar«hixty-fours, 43Jd.; super sixties, 42Ad.common sutios, 41^(1.; fifty-sibreß, 38d. ertieS. 32d.; forty-sixes, 29d.; forties, 27d. ' METAL MARKETS. Copper, on spot, £97 2s. 6d. per ton; forward delivery, nominally, £96. Tih, on spot, £188 per 'ton; forward delivery, £187 15s. Pig-iron, 84s. per ion, £t £orei S n . 17e. 6d. per ton to Sjio 23. od. deliveryI'*1 '* £62 P er ton; fonrard