COMMERCIAL ITEMS .

Dominion, Volume 9, Issue 2787, 3 June 1916, Page 8

COMMERCIAL ITEMS .

: ' ; IKTESTMKH J. SHAKES. . : Tho following were . yesterday's quotations for: investment shares:—;-. liui'CTß. Sellers. si d. National Bank 5 a-,-0 -r •> .Loan & Mercantile (ord:)',80-5 i 0 — -\^ell.'X'rust,.Loan,-Ltd. .i> ; 7-\0:0 — " . Well. Meat Export (525. 6d.) ■': i J 6 lV.i., B.HjjiUiiß- loru'.j :..... 2i],'o. 0 — Well. Woollen:{ord.). f t',o -.- Weil. Woollen ;,(pref.) ' ...., ;3 15.: 0 4 0 0 Waipa Coal .'...... 0 18. : 0 — '. licyiand-O'uricn: ..,..,.;..:hi: ; Jl;-l.;Si — N.Z. Drug -.—5 -3 — Golden Bay;-Cementi.;.;;.;;.pl;:,2;-y3 — , Ctolocn bay Cement-De-»j: ; i.«,.V; bonturos I'm , Wiitcombc and Tombs ..; '6::?' 0 - , ■ Customs duty collected at; the port of Wellington; yesterday amounted to £5515 18s. 3d. ■ .;.w'o ' ■ SOUTHERN GRAIN,-ifARKETS. . v By - Telegraph—Press: Association. Cnristcnurch, June 2. ■ • : .The ■ .local : grain :market;:is', very quiet, and practically no business is doing in •cither wheat or oats. There has been a fair quantity of Tuscan wheat offering, but there is only a limited demand for • it; Hunters and Pearl, especially the latter, are .still scarce. ' • , , , . There ore no oats offering, as all that is available will be required in-the country , districts. ' . Potatoes aro firmer, as growers are hotflclling at present. For delivery this month £5 is being paid, for delivery at the end of the month, and in July £5 10s. is offered. .The local price of • flour is now £12 105.,bran £s, ; and pollard £8, for shipment.. ' LONDON WOOL. SALES. By Telegraph—Press Association—Copyright London; June 1. • Fine crossbrcds and merinos were fully firm, medium and low crossbrcds rather irregular. The following prices were realised for the clips : named:—Australian— TJnatbee, top 22Jd., average 21 3-Bd.; Myalla,

ton 20fcd., average 18Sd.; Gordondowns, top 2<d., average 221 d.; Oambridgedowns, top 43d., average 40Jd. Now Zealand—Kaiwarra, top 2%1„ average 22id.; Lyndon, top 23d„ average 228 d.; fltcmutaka, top 191 d., averago 17Jd. > Messrs. Murray, lioberts and Co., Ltd., havo received tho following cablegram from their London friends, Messrs. Sanderson, Murray and Co., under date June 1:— "Merino combing advanced 5 per cent. Sheepskins, merino combing, advanced id. per lb. to lid. per lb. Clothing advanced 3d. per lb.; crossbred advanced Id. per lb." SHEEPSKINS. Messrs. W. and G. Turnbull and Co., Ltd., advise having received the following cable message from their London agents, under date Juno I:—"Sheepskins, combing, lid., and clothing about Jd. higher." \ , TALLOW. By Telegraph—Press Association—Copyright London, June 1. Tajlow.—ln stock. 6776 casks; imports, 2466 casks; deliveries, 2230 casks. WHEAT. London, June 1. Wheat—The American visible supply is 114,909,000 hushels. Chicago May options, 1045 cents; July options, 107 A cents. COPPER MARKET. London, Juno 1. Copper.—Supplies, 37,837 tons; deliveries, 40,098 tons; in stock, 6562 tons; afloat, 4100 tons; visible, 13,662 tons. . . APPLES... London, June 1. Of .the Star of Victoria's and Euripides's Tasmanian apples at Liverpool, 16,600 cases were sold in a better market at from 7s. to 10s.. 3d. per case. .VICTOR-lAN PRODUCE MARKET. : ' Melbourne, June 2. • Bran, £5 ss. Pollard, £6 ss. Barley, English, 4s. 7d. to 4s. ICd.; Cape, 3s. sd. to 3s. M. Oats, Algerian, - milling, 2s. 4d. to 2s. M-: f to 2s. 2d. Potatoes, £5 10s. to £6 10s. Onions, £3 ss. to-.£3 10s. BANK OF ENGLAND RETURN. By Telegraph—Press Association—Copyright London, Juno 1. The Bank of England return issued for the week ended Wednesday, May 31, is as under:— Issue Department. Note Issue £17,280,000 Gov. debt ... £11,015.000 Other securities 7,431,000 . Gold 58,340,000 .£77,239,000 . . £77,-289.000 Banking Department, Proprietors' Gov. securicapital £14,553,000 ties.: £33,187,000 Public de-. ' Othorsecuriposits ... 50,53J,000 ties 72,653,000 Other deposits ... 80.853,000 Notes 41,900.000 Rest; 7-day and other bills ... 3,171,000 Coin... ... 1.376.C00 £140,115,000 £140,116,000 The loading items of. the Bank of Eng. 'ana return afford. the following comparison:— This week La6t week Last'year! Bullion ... ... 58.840.000 58.680.000 57.449,0C0 Reserve • ... 43.276,WW 43.75M0U 43.563.UU0 Note Circulation 55.3b0.U0U 34.743.000 33.031,U00 Public Doposita 5U.534.UU) 51,251,001181,753.00) Other Deposits 80,658.000 tf1.4U5.U00 84.0-J5.000 Proportion of reserve to liabilities . 31.72'" 32.21 20.20 • " GOVERNMENT SECURITIES. . . Tha following are the: latest quotations for. Colonial Government securities m comparison ivith those ruling last week:— Variation . • - -Stock ' _ . compared. ' Prico. with . ■ 1 ■ ■ last week. £ s. d. 2i% Imperial Consols 67 7 0 UnchancGil 3i„ War Loan tS 15 0 1-2/0 hiiiher 4j„ War Loan 95 15 0 ,10s hifihor 4 ~N.5.W.1933Jau,-July 85 17 (i 7/6 hk'hcr' Ji ~N.5.W.1930-M,\lr.-Sp 136 15 0 b/U hiaher 34 „K.S.W. Early Curr '73 15 0 . oos liinher 3 71- 5 0 Unchanged 4 „.Vic. 1920 Jan.-July .95 17 6 2/fi hit'her 34 „Vio. I'Jil-U Jan.-July '&> 10 o 15s higher 3 : -„Vic, 1030-49 Jan.-July 03 10.-0 55 hither "i „S,A. 1016 Jan.-July '. 71i.5 0 '2'2,blowor 8 „B.A. 1916 Jan.-Juiy. J S 0 12/B hiiiher 4 „Q'rdl9ls- 1 24 Jau.-July t:ii.s.o 10 s liiffher 3i 87 7-6 6s liishoi3, „Q'l'd)U2i!-47Jan..July 65 o 0 10s biKher 4 ■ "H.Z. 10-20 May-Nov. H 1 E 30s lower K.Z*'loll2-4U Jan-Jly 7-117 6 I*2/6 higher 3 . ,"N-Z. lOliO April-Occ 64 is. o 53 higher 84 .:-\V..A. 11)15-35M'y-N'v .'lilO 0 : Unehani!od ■ 3 .' i.' w A; 1015,-25 il'yriSov t?.;6.0 :.'.Uneba«ged 3j Tas.'lM Jon-Ouly ,73 15,0 25s higher ■3 .-"Tus 1020-40 Jun-July 63 10 0 Unch'anccil ! MONEY MAEKET. i ' Tne uajiK. 01. ji'Ugland discount rate was on January 2, 1914, roduced from 5 to 4J per cent., on January 22 it, was reduced to 4 per cent.,--and on January 23 3 per cent-. On July -.30 the rate was raised ' to 4■ por' cent., 'and on July 31 It v/as raised to 8 per cent.,. and on August 1 it-was-further advanced to 10 per cent. On August-6 tire rate was rcduced to 6 per cent., on August 7 it' was further reduced to 5 par cent.,*at which rate it now stands. • Tho open market discount rato for three months', hills is 4 9-16 per cent.; as compared with.4 9-16 per cent, last week and 2} per cent, last year. , (Short loans are quoted nt 1 per cent., as dgaiust 4 por cont Uu>t week, «nd l por cent, last year. • COLONIAL AND OTHER PRODUCE. ■ Wheat is quiet and unaltered. The Araluen shipment was sold on, tho Continent for 71s. 3d., several shillings above, marices value, owing to special circumstances. Flour is dull and easier; no Australian is offering. Oats are slow, peas and beans quiet and unchanged. ■ : Butter is steady and .unchanged. Tho. Australian and New Zealand supplies are practically clearcd. Chc.ese is easier. Neiv Zealand white sold at'loßs; to 1108., coloured at IC-SS. Sugar is unchanged. Bradford Tops.—Limited business is being done. Prices: 64's, 49d. ; 60's super, • 60's common, 47id.; 56's, 391 d.; JO's, 33d,: ft's' 29d.; 40's,- .•.'=■ LONDON QUOTATIONS. ~ By Telegraph—Press Association—Copyright London, June : i, To-day s shore quotations include:—llamp-ton-Oloucurry, buyei-s 445„ sellers 455. I