COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2812, 1 July 1916, Page 12

COMMERCIAL ITEMS

' INVESTMENT SHARES. . V Wellington Trust,' Loan shares ohangod hand 3 at £7 Is. (c.) yeatoTday. Prices o£ investment . stocks yesterday were as follow . Bilyers. Sellers. £ s. d. £ s.d. Union Bank 54 0 0 55 fl 0 Well. Gas (£10) 14 7 6 — Well. Meat Export (£2 12a. 6d.) : — 3 2 6 Union Steam (ord.) — 113 0 Union Steam (pref.) 10 9 — Kaiapoi Woollen - (0rd.)... — 6 0 0 Well. Woollen (ord.) — 6 0 0 Taupiri Coal — 014 0 Wnipa Ooal 0 18 3 — Wcstport-Stockton 0-60 — Loyland-O'Brien 119 — Word and Co. 5 15 0 5 19 0 Sconllar and Co. 13 6 — *Cum, rights.-. . WHOLESALE PRODUCE PBIOES. Messrs. Laery and Co., Ltd., Allen Street, report wholesale prices as follow:—

[Fowls' wheat, prime, 6s. 3d. per-bushel: fowls-' wheat, medium, ss. 2d. per bushel; fowls' barley, 4s. 3d. per bushel; Oapo barloy, 4s. 9d. per bushel; partridge peae, 6s. 6d. per bushel; maizo, feed, ss. 3d. pc.r bushel; chaff, oatsheaf, £6 55.. per ton; oat straw, £4 ss. per ton; hay, clover, £5 55.; flour, in sack, £13 ss. ex storo; oatmeal, 255., £18 10s. pet' ton; bran, £6; ■pollard, £9;; potatoes: seed, Northern Star, £0 lEs. ton; Up to Date, £7 ton; Gamekeepers, £6 15s. ton; bacon- (all best factory), sidos, Is. por lb.; rolls, Is. Id. per lb.; bams. Is. Id. per lb.; shoulders, lOd. per lb.; cheese (factory), lucdium, lOd. per lb ; linseed meal, 100's, £11; 50'e, £1110s.; 20's, £13; linseed nuts, 13s.5d.per ewt.; linsml ground cake, 13s. 6d. per cwt.; rice pollard, £5 15s. per ton; onions. Vi'ctorian, £8 per ton; brown Spanish, £8 ipoi- ton; potatoes, white-skinned table, southern, £7 to £8 10s. per ton. Customs duty collected at. the port of Wellington yestorday amounted to £2563 108. SOUTHERN' MARKETS.' By Telegraph—iVss Chrlstchurch, June 30. Tile wheat market keeps very firm, a.nd some seem to think that'as the Commonwealth Government hias purchased a line of steamers to carry away the surplus wheat, it will lessen the possibility of Australian wlieat or flour being sent to New. Zealand. It was, however, stated recently that only about one-third of tho surplus would be got away by the end" of iT,une, so that there is a very large quantity still to export, of which the proportion that; can be carried by the new steamers before, next harvest will bo small. There is not much wheat offering by growors, but it is reported that a large sole of wheat in second hands has been made to a local miller. The oats market is firm, but no local business is bei'ng done. OatsheaJ chaff'is again firmer, tho demand being purely local, the wat weather having caused stocks on hand to run short. A fairly largo amouut of business bos been done in potatoes, mostly at £6 per ton, at country stations, but in some cases at over this figure. TlTere are, however, few orders coming to hand. VICTORIAN PRODUCE. By Telegraph-Press Association-Copyright Melbourne, Juno 30. liran, £5 ss. Pollard, £6 ss. flarlcy, English, 4s. 6d. to 4s. 9d.; C«ipc. 3s: 6d. to 3s. 7Jd. . Oats, milling, Algerians. 2s. lid: to 2s. 4Jd.; feed, S3, to 2s. 2d. Potatoes. ■£6 to £7. Onions, £3 15s. to £4. HIDES. . Melbourne, Juno 30. Hides.—The market la moderate. Supplies are heavier. Sloppies a farthing lower; others firm. V BANK OF ENGLAND RETURN. By Telegraph-Press Association-Oo,pynight (Rec. Juno 30, 9.5 p.m.) London, Juno 29. ... Tho"Bank of England return issued for the week ended Wednesday, Juno 28, is as under-.— Issue Department. Note Issue £67,991,000 Gov. debt ... £11,015,000 Other securities .... ... 7,434,000 Gold 69,642,000 ■ £67,991,000 £67,991.000 Banking Department. Proprietors' Gov. securicapital £14.553,000 ties £42,187,000 Public do- Other secuiiposits ... 19,379,000 ties 87,313,000 Other deposits ...106,371,000 Kotos 32,191,000 Best, 7-day. and other bills .... 3,227,000 Coin j1.739.«|0 £173,430,000' . :. '£173,430,000 ' Tho leading items of the Bank of England roturn afford the following comparison;— This week Last week liastyear Bullion ... ... 50.513.000 69,072,000 61.060,0C0 Reserve ... 43.930,000 44.943.000 35.905,000 Note Circulation 85.800.000 35,215,000 34.636.000 Public Deposits 49,279.000 61,200,000 81.654.000 Other Deposits 106,371.000 01,649,000 140,654,000 Proportion of reserve to liabilities 28.20 31.60 26.16 > GOVERNMENT SECURITIES. The following are thq'latest quotations for Colonial Government Securities in comparison with.thoso ruling last week;.

MONEY MAItKET. The Bank of England discount rate was on January 2, 1914, reduced from 5 to 44 per cent., on January 22 it was reduced to 4 per cent., and on January 28 3' per tent. . On, July 30 the rate was raised to 4 per cent!, end 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 tie rate was reduced to 5 per cent.,- on • August !• it iras further toducoA to 5 per cent., at which, rate it now stands. OPEN MARKET BATES. The open market discount rato for three months' bills is 5J per coni, as compared with 55 per ccnt. last week and ,4J per ccnt. last year. Short loans are quoted at 4J per cent., aa against 4i per cent, last week, and 11 <ier cent, last year. COLONIAL AND OTHEB PRODUCE. Wool—The Bradford wool market is quiet for merinos and fine crossbreds, but priccs are strongly .maintained. ®here is more inquiry for low crossbreds? 40's aro quoted at 28d.; the priccs for other qualities aro unaltered. i Wheat.—Steady, prices firm. Flour.—Market is stagnant, with pricos unchanged. Oats.—None offering. Peas and. Beans—No• change. Sugar.—No changc. Butter.—Tllo market . is, quiet, with prices uJSohanged. Oheese.—Slow of sale, , market being weaker owing to largo supplies, especially of Canadian. New Zealand is quoted at from 965. to 995. per cwt.; Canadian, 955. to 975. THE METAL MARKETS. Coppen.—iSpofc, £103 15s. per ton; thTco months,. £100 10s.; electrolytic, £132. ; ' Lead.—Spot, £29.105. per ton;' forward' delivery, £28 ss. Spelter.—Spot, £63 per ton; forward delivery, £53. Tin.—Spot, £173 12s. 6d. ipcr ton; thrco' months, £174 !s. 6d. ■Silver.—37 l-£d. per ounoe standard.

[ Variation EtnM, compared St<>ck Price. with' ' lasfc week. £ s. a. ej% Imporial Consols 60 7 6 05. biehnr .31 „ War Loan " * £9 6' 8 m hteher 44 „ War Loan 65 7 6 2/6 hlihor 4 ,.N.S.W.1933Jan.-July 86 B 6 Unchanged ii „N.S.W.1930-50Mr.-Sp B6 17 6 5Jhieher Si „N.S.W. Early Curr 76 15 0 UnoSed 3 ,.N .8. \V. 1926 Apl.-Oct 13 0 0 Unch&S 4 ,„Vio. 1920 Jan-July 04 S 6 iV?6 lowlr 34/„Vic. 1921-6 Jan.-July ; 85 5 0 'iSEh&hor 3i mVTc. 1920*1949 ' 75 0.0 "s Kr 3 „Vio, 1929-49Jan. July 66 2 6 hicher 8l „S.A. 1916 Jan. July 74 15 0 fffi lower a ,.8.A. 1B16 Jan. July 61 1 6 Unchanged 4 1, „QTdl915-i34Jan. July 01 0 0 7/6 lower 84 „QTdl922-47Jan.July 88 10 0 io 5 hl«hor B „QTdl923-.47Jan.July 65 5 0 Un C hS a 4 "N.Z.,1929 May-Nov. 89 5 0 g/g higher 31 "N.Z- 1912-40 Jan.Jly 76 7 6 7/6 lower 3 "N.Z. 1920 April-Oct 68 2 6 affihichor 34. '-W.A.IBIS-Soiry-N'v 76.12 6 j 3 /6bigher 3 "W A,-1916-35 M y-Nov 71 5 0 25g lower 31' "Tas 1920 Jan-July 73 5 0 6s lower 9 'Tas 1920-40 Jan-July 63 15 0 Unchanged