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COMMERCIAL ITEMS

; ' INVESTJIBXT SHAKES. ' . Yesterday's /quotations : for , investmenl ' shares were as under:— '. ' . Buyers. Sellers. - 1 £ s. d. £ b. d. Bank Australasia ...... 116 0 0 — Bank N//5. (£6 135.-4 d.)... lfi 15 0 , 17 0 0 Well. . Gas (pref.): - ; 0.18 6 ■ Well. .Heat Export (£2 ■ 12s. 6d.y.-3 2 3 -■ . iS.Z. Shipping (ord.) ...... — , .25 0 0 Übion Steam (ord.) ...... 113 6 114 0 Kuddart-PaTker., (oi'd.) ..V. 1 4 3,: , 1 5 0 Kaiapoi - Woollen (ord.). 515 0.- '6 0- 0 Coal ...;., 0 18 3 ■' -j.'--Westport Coal;l'7 :0 19 0 , "tEx. div., -'■, ; .- • JtTJNIOIPAIi' SAVISGS BANKS: >■ To - facilitate , the. investment of 'savings' In British war'loans, the Secretary to the Treasury.'has-introduced a Bill for the, establishment of ..municipal;.' pavings hanks. The :'iondon : City Corporation, : ,the lletronolitan 'Borough Councils, and tho councils of boroughs and urban districts-, having,a population of not less than 60,000, are empowernd to establish such banks." which, will be carried on under regulations to bo inado by tho' Treasury; i 1 Among the prescribed condi-tions-are that all sums deposited, must be invested in war seourities; that hanks will not be carried on (except for wind-ing-up purposes) after , the' last date' fixed for the- repayment of the securities in which: .the'fundß. are invested; that ac\counts 'must be -kept: separate from all other accounts of the authority and money paid in use- only for bank purposes; ;and that the-rate of interest payable; on, deposit shall; be . subject to Treasury : approval. V WELLINGTON -PEODTJCE MARKET. , 'Messrs. ' Laery and Co., Ltd.,, , Allen' Street, report wholesale prices as . follows:—Fowls' wheat,. 5s. 1 -3 d.; .feed barley, 4s.' 3d.; Cape barley, 4s. 9d.; partridge.' peas, 65.-;6d.:: feed- maize; ,ss. -4d.; oaten-, .sheaf chaff, ! £6; oaten straw, chaff, £4 55.; clover hay, £6 55.: flour, in sacks. £13 10a.; - oatmeal, £17; bran, ' £6 55.; rolkwd. £8 155.; , bacon, sides Is., rolls ; Is., hams> Is.: Id., shoulders 10dl; 'cheese, medium 9}d., loaf 10d;;. rice pollard, £6 15a.; onions, Victorian, £7,105. to £8; potatoes, North Island, - £6: to £7; -South Island, £7 to £8. . SOUTHERN PRODUCE JfAUKETS.' - ; By - Associiiicn., v Chrlstchurch, June 16. : Tho • wheat market is distinctly fiirner, \but , whether, this is due to the' statepent recently made by the 'Prime 'Minis-

tcr in reference to the Dominion's wlicat. supply, it is difficult to say. Several largo sales between merchants and millera <iro reported to have taken place anil other. sales arc under consideration. Thero is not a largo quantity offering by growers who aro now holding more firmly. Tuscan wheat, which is tlio most plentiful. has advanced in price, and grain that Recently was -worth only 45., is now selling <it 4s. M. to 4s. 3d., and a higher figure is also 1-eportcd to have been paid for a larger lino.

'J'ho oats ma.rket also is firmer, but most, ot tho business is boine done in Southland oa,ts. Tho market there is dull in ponEcciuenco ol tho difficulty of obtaining 'Bhipping space. There aro practically no locally-grown oats offering, and quotations are, therefore, only nominal.

Oatsheaf chaff is also firm, and -fairly scarce.

Tho potato market has also advanced, and £5 10s. to £5 15s. lias been paid, according to rallago for delivery this month, and for July delivery £6 is offered. Tho Sydney market has firmed, but not 6uflloiently to admit of export from New Zealand at a -profit at present local prices. . ' ' SYDNEY WOOL SALES. By Telegraph-Press A6Sociation~CoipyriEht (Kec. Juno 16, 11.55 p.m.) Sydney, June 16. ■Further Brisbane catalogues were offered at the wool sales. There was a big attendance, and spirited competition at the highest levelß for all good wools, scoured merinos scoring another record at 44Jd„ other lots making 44d.. 43Jd., and 4254.; greasy merino, 221 d. Faulty lots were neglected.' Compared with the March sale, Brisbane wools were 20 per cent, higher, feood greasy merino 10 to 15 per cent., and scoured crossbred 10 per cent, higher,; VICTORIAN 'PRODUCE. MARKET. Melbourne,' June 16. Bran, £5 55.; . pollard. £6 55.; barley, English 4s. 6d.\to 4s. 9d„ Cape-33. ,4d. to •3s. 6d.; oats, milling Algerians 2s. 4Jd. to 2s. 6d., feed 2s Id. to 2s. 2Jd.-; potatoes. ■J25 15s. to £6 10s.; onions, £3 10s. to £3 15s. '< BANK OP ENGLAND -RETURN. By. Telegraph-Press Association-Capyiight . , ' (Req.'June 16, 6. p.m.). London, Juno 15. Tho Bank of England return issued for the'" week ended. Wednesday, June 14, is as under:— .Issue Department.. Kote Issne £78.437,000 Gov. debt ... £11,015,000 Other seenrities 7.434,000 Gold .» ... 59,988,000 ; . . £78,437,000 ". .... £78,437,000 Banking Department. Proprietors' v . Qov-seouri- : , capital £14,553,000 ties... .... £43,187,000 Publiode-' ■ Other seouriposits ...' 52,264.000 ties... 70.703,000 Other de- - - ' ; posits ... 87,541,000' -Notes... ... 43,083,000' Best,'7-day. . . and other ' , bills 3,204,000. Coin ... '1.590.c00, £157,562,000 ■' '£167,582,000 . The leading items of the Bank of Engla\ia return uiord uib lo.'io,Viiig-coiiii)a'i'i-son; — •" . / ' ..' '■ , ' ' : This week Last week Lastyoar !' ■' £ ■ £ Bullion 50,988,000 60.128,000 55,368,000' Eeserve. ...,: 44.673,000 44.536,000 . 42,033,000. Note Oirenlation 35.355.000 35,484,000 32,947,000 Public Deposits 53,264.000 .80.301,000 113.042.000 Other Deposits . 87,511.000 83.258.000 139,480,000 Proportion of : reserve to ' liabilities , 31,95 33.63 19.66 g'overnenmt securities. : .' The followiii" are the latest guotation's for Colonial Government Securities in comparison with those-ruling last week: ' '' ' Variation / :> -Stook' compared ; ' :\ : Price. with . - ' • '' '• " • last, week;. > £; *. d. 25% Imperial Consols 60 17 6 3i/& "hfei,™,. ■8:-ssas, S'ssasS ,'iiSSSS S'SSs S' 34 „N.S.W. Early Onrr 75 ■B. 0 ■?£ IfXZ 3 ,8.8. W. 1025Apl.:Oct 73 5. 0 i|aW«W 4 „Vio. 1920 Jan.-July 05 7 6 7/swfc Bi'..Vio. 1921-6. Jan.-July "84 0 0 g Blower ; 3, ,'Vio.'l92B-40Jan.'-July 65.-o'o " BJ „S,A. 1016 Jan.-July.: 7410 0 Sahlll™3 -.8.A.1816Jan.-July 60-7,6,:&ffi? r 4 „Q'l'dl9ls-24 Jan-July 91 12 G -ShSw 34 ..QTdIW2-47Jan..July 68 0 0 B ..Q'l'd 1922.47 Jan.-July -65 0- 0 'Sg .. i N.Z. 1029 May-Mov. 69 0 0 Jfi .34 - N.Z--1912-40Jah.JIy '76.10 -0 «/6hiS 8 N-Z. 1020 April-Oct 66 13 6 ffihirhor .34 ' '-W.A. 1915-35M'y-N'v ,75 15. 0 ,/f h S r.3 "Wk; 1916-35M'y-Npv =.*Tl'3o"*o '2os'high6r ' 84. 'Tas 1820 Jan-July :'73 0. 0 lSshieher' '3 Tas 1920-40 Jan-July .63 15 0 63 higher , . MONET MARKET. The Bank of England discount rate was on January 2, 1914, reduced from 5 to Ai per .cent., on January 22 it was reduced to 4.per,cent., and on January 28 3 percent. • ■ On July 30 tho rate was raised to 4 per, cent., and on July 31.it was raised to-8 per cent., and on August lit ■ was further advanced to 10 per cent. ,On August 6 the rate was reduced to 1 6 per cent., on August . 7 it . iras further reduced to 5 per cent., at which rate It now', stands. . The open market discount rate for three months' : bills is ,49-16 per cent., as compared with - 4 9-16' per cent, last, week and 21 per cent.ilast year. . ■ '' Short loans'are quoted; at 4 per cent., as against 4 per cent, last week, and 13-8 per cent, last year. OOLOS;iAIi . AND OTHER. PRODUCE. / Wheat" is dull, and is being pressed for sale. .. '.- ■ •PlouT -Is dull, thero boipg : no buyers. Australian, on spot, is quoted at 445. .Oats.—The Quotation is nominal, .there being nono offering. . Peas and beans are' flat...' New Zea- • lands-nominally unohanged;,, • , - "■Sugar is steady. American granulated, 41s. ?Jd. per cv,-t. Buttei- is quiet, but steady, and nominal, ly unohanged. ' , . Cheese' is firm and • unchanged. ' There is littlo offering.' ■ Bradford Tops.—Tho maket is' unsettled, owing'. to, uncertainty as to the Government'sintentions., The current quotations are :-Sist,y-f outs, 51d.; super sixties,' •SOd.; 'common sixties, 49d.; fifty-sixes, 40d.'; fifties, 33d.i forty-Bixes, 29d.j forties, i7d

Permanent link to this item
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https://paperspast.natlib.govt.nz/newspapers/DOM19160617.2.85.5

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 9, Issue 2799, 17 June 1916, Page 12

Word count
Tapeke kupu
1,216

COMMERCIAL ITEMS Dominion, Volume 9, Issue 2799, 17 June 1916, Page 12

COMMERCIAL ITEMS Dominion, Volume 9, Issue 2799, 17 June 1916, Page 12

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