COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2849, 14 August 1916, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. Saturday's quotations _ for - investment shares ivero ;cuj under:— . ,

Customs duty collected at the port, of Wellington on Saturday amounted to £2811 * Os. lOd. LONDON HARKEWi. Australiaoi-New Zealand Coble Association. (Rec. August 13, .5.5 p.m.) London, August 12. ■ Wheat.—The market is firm on Teports of frost in Canada. Cargoes ■ ore being sparingly offered. Ohicago September options, 145 cents to 142 cents; December options, 1484 cents to 145 3-8 cents. Jute—Native first-marks, August shipment, £32 per ton. New Zealand Hemp.—July-September shipment, £48 10s. per ton. ' Cotton—August-September shipment, 8.42 d. per lb. ■ • ■ Copra—July-August shipment, £30 ss. per ton. Itubber—Hard fine Para-. 2s. Hid; per lb.; plantation, 2s; 4d.; smoked sheets. 2s. 3Jd. Bntter.—Danish is quoted at 1945. to 1965. Hides are firm. Australian, 10ji to 12Jd, Leather is in strong' demand, and supplies are small. Best Australian, 19id. to 22d. Basils are firm. First quality Sydneys,' 20s. to 225:; New Zealands, nominally 21s. to 1 245. Babbits.—The market is fiat and -unchanged. • Mutton.—New Zealand; BJd. to 9|d.; South American, B|d. to- 9id.: ' . '• '„• Lamb.—New Zealand. SJd. to 10d.; Sonth American, lOid. to Hid.; Australian, none' offering. •. ' LEAD. Correction—lmports for the past.month totalled 5916 tons. . "We. note, with interest that.all,the."best prizas : for, cheese at the Pahnerston Show and the best'prices in the' London market : were obtained by.those makers, who use Victor Vats. These famous vats em.body. a new principle ;of middle drainage —worth while investigating. A. J. Parton, Dairyman, Carterton.—Advt. '

BANK OP ENGLAND RETURN. Australian-New Zealand Oablc Association, London, August 10. Tlio Bank of England return issued for tbo w6ok ended Wednesday, August 0, is as under:— Issue Department. Note Issue £73,025,000 Gov. debt ... i 11,015,000 Other ficcuri- . ties 7,434,000 , Gold 54,576,000 £73,025„C00 *73,025,000 Banking Depahtmfnt. Proprietors' ' Gov. securi'capllal .£14,553,000 . ties... •... £42,188,000 Public de- ■ Other 6ecuriposits ... 54,625,000 ties 80,042,000 Other do- ' - • posits 68,990,000 Notes 36,878.000 Best, 7-day ■ and other bills ... 3,516,000 Coin 1.976.C00 £161,684,000 £161,684,000 The leading items of the Bank of England return afford the following comparison:—

~ GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government # Securities in comparison with those ruling last week:

MONEY MARKET. . The Bank of England discount rate was on January 2, 1914, reduced from 5 to 4J per cent.. <m 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 cont., and on July 31 it was raised to 8 per cent., and on Aueust 1 it was further advance! to 10 per cent. On August 6 tlio Tate "was reduced to 6 per cent., on • August 7 it -was reduced to 5 per cent. On July 13. 1916, it was raised to 6 per cent.* ■ ■ ■ OPEN MARKET BATES. The open market 1 discount rate for threo months' hills is 5§ per cent., as compared with 5,3-8 per cent. last week, and 4J per cent, last, year. Short loans are quoted at 43 per cent., as against 4i per cent, last week and 3} per cent, last year.

• • Buyers. ' Sellers. I £ s. d. £ s. d. National Bank ' 5 7 0 — ' Well. Gas (£10) 1410 0 — ' National Insurance 2 12 6 — ' Huddart-Pailter' (ord.) ... 1 5 11 16 9. Huddart-Parker(jiref.) ... 10 9 — Union Steam (ord.) 2 0 6 —, .Union Steam (pref.) 110!" . — * Well. Woollen (ord.) 6 2 6 — Well. Woollen (pref.) 3 17 6 — Westport Coal ; 19 6 — N.Z. Drug 2 7 ,0 —

( This week Last week Lastyear Bullion 54.576.000 52.910,0C0 G4.776.000 Reserve ... 28.854,000 36.677.000 51.725.000 Note Circulation 36,147,000 36.653,000 32.463.000 Public Doposits 54.525.000 51.010.C00 142.604.000 Other Deposits 83.090.000 85.517.000' 85,076.000 Proportion of reserve to liabilities 27.05 26.86' 22.71

Variation RfnM, compared Stock Price. with last •week. £ s. d. M% Imperial Consols, 5317 6 Unchanged ?! " ™ ar P oau 66 7 6 Unchanged t, 85 17 6 2/6 higher i ,.N.S.W.193SJau.-Joly fa 5 o se hif»W l\ 1» ° «ntt 34 „N.S.W-. Early Curr j 3 6 2/6 lower 5 "vi a 'ioonT MA i 1 ','° C: ' '8 2 6 6BloTr Si 04 0 0 Unchanged " vv WSmbm" 1,4 y S5 10 0 5s hiBher Si y 1 W 13 6 2/6 higher 3i ''b i St 65 0 0 Mslowor 31 „S,A. 1916 Jon.-July 74 J6 0 s 8 higher 5 •VvpA?Q,^f?-* Jul T y , ■ 6110 0 Unchanged ii- "n'i.1ioM i7 , J ain 'i U 3 ' 0 l '' fis h, elier '5 •nM'^w.>1ri an -^ n } y 87 17 C Unchanged ? 6810 0 Unchanged i N.Z. 1929 May-Nov. 88 5 C o,k lower • . 34.'N.Z. 3912-iO Jan.JIy T6 5 0 U 5 hiriuB 3 "N.Z. 1920April-Oct 69 5 0 5slower 5 4 ™ 0 0 6b lower L 72 10 0 15a higher 3J . T« IWO Jan-July 74 5 0 2(6 higher 3 Tas 1030-40 Jan-July 66 15 0 Unchanged