COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2860, 26 August 1916, Page 12

COMMERCIAL ITEMS

.INVESTMENT SHAEES. A 'sa]e of National Bank Bhares &t £5 Bs. was reported yesterday. The quotations were as follow:—

WHOLESALE I ; RODUOE PRICES. Messrs. Laery and Co., Ltd., Allen Street, report wholesale pr-'.oes as follows:—Fowls wheat, prime 'ss. 3U. per. bush, medium Ss. to ss. 2d. por bushel, ground £9 per ton; fowls' barley, 4s. to 4s. 3d. per bushel; N.Z. Cape barley, 4s, 3d.; Australian Cape barley, 45.'7 d.; partridge peas, 6s. 6d. per bushel; maize feed, 4s. lOd. to 6s. per bushel; chaff, oatsbeaf, £6 ss. per ton; hay olover, £5 to £6 per ton; flour,.in sack, £13 ss. per ton; oatmeal, £18 10s. per ton, in 25's; bran, £5 per ton; pollard, £7 10s. per ton; potato seed, Redskins £10 10s. per ton; Breezes Prolific £7 per ton, Northern Star £6 15s. per ton, Up4o-Date £7 6s. per ton, GameKeeners £6 15s. per ton; bacon (all best - factory), 6ides HJd. per lb., rolls Ib. 03d. per lb., hams Is. per lb., shoulders lOd. per lb.; cheese (factory), medium lOd. per lb.; linseed nuts, 13s. per cwt.; linseed ground cako, 13s. per cwt.: Victorian Brown Spanish onions, £6 to £7 10s per ton; potatoes, white skinned, tabic, £8 10s. to £9 per ton. ■ Poultry of all descriptions is In very good demand. Hens, 4s. 6d. to 6s. per pair; cockerels, 6s. 6d. to Bs. per pair; ducks, Pekin and Aylesbury Bs. to 9s. per pair, Indian Runners-5s.'■ to'-'-fa. per pair; tarkeys, hens lid. to Ib. per lb., gobblers Is. Id. to Is. 2d. per lb.;'geeEe, 7s. to 7s. 6d. per pair. Customs duties collected at the port of Wellington yesterday amounted to £2698 6s. Bd. SOUTHERN MARKETS. By Telegraph—Press Association. Chrlstchurch, August 25. ! It is now reported .that another 9000 sacks of wheat is to be shipped next month. This outlet has created 'a little more demand for wheat. Tuscan is'some, whet flrmw, and -prime quality is worth up to 4s. 7d. at country stations. Pota. toes are firmer, as farmerß prefer to wait for £7 next month, rather than to sell fot less for immediate delivery, and conse. quently offerings are limited, although sales were made this week, at '£6 10s. at country stations. The lowest price that will now be accepted for immediate deliv. ery is £6 15s. Orders from Auckland are now coming forward more freely.

BANK OF ENGLAND RETURN. Australian-New Zealand Cable Association. (Rcc. August 25, (U5 p.m.) London, August 24. The Bank of England return, issued for the week ended Wednesday, August 23, is as under:— Issue Department. Note Issuo £73,703,000 Gov. debt ... £11,015,000 Other securities 7,431,000 Gold 53,ii!,000 £73,703,000 473,703,000 Banking Department. Proprietors' Gov. securicapltal £14,653,000 ties £42,183,000 Public de- Other securi- ■ posits ... 51,428,000, ties - 89,047,000 Other deposits ... 101.752,000 Notes 38,167,000 Ecßt, 7-do.y and other bills ... Coin 1.E01.C0 : £171.003,003 ' £171.293,000 The leading items of the Bank of England return afford the following comparison:— . . i This week Last week' Last year Bullion 55.254.0C0 55.5415.000 G6.3Gi2.C00 Reserve ... 40.061.000 40.155.0C0 53.M5.000 Note Circulation 3-5,536,000 35.706.000 31,603.000 Public Deposits 51.428,000 54,222,000 134,054,000 Other Deposits 101,752,000 93,662.000 69.465,000 Proportion of reserves to liabilities 20.15 57.11 24.13 GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government Securities in comparison with those ruling last week:

•,irONEl r . MARKET. :' lie Bank of England discount Tato was on January 2, 1914, reduced from 5 to 4J per cent., on January 22 it w reduced to 4 por cent., and on January 28 3 ner cent. On July 30 the rate was raised to 4 per 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 the "rate was reduced to 6 per cent.. on August 7 it was further reduced to 5 per cent., on July 13, 1916, it was raised to 6 per cent. OPEN MARKET BATES. The open market discount rate for three months bills is sjj per cent., as compared with 5J per cent, last week, and 4! to 5 per cont. la6t year. Short loans are quoted at 43 per cent., as again 4j per cent, last week, and 4 3-8 per cent, last year. THE METAL MARKETS. Copper—Spot,. £109 ss. per ton; throo months. £107 10s.; electrolytic, £129. Tin.-Spot, £170 2s. 6d. per ton; throo months, £171 2s. 6d. ' Lead.-Spot, &0 7s. 6d.; three months, £29 os.. Spelter-Spot, £57; three months, £47. Bar per oz. standard. COLONIAL AND OTHER PRODUCE.' ■ ' , m , ' London, August 24. Wheat—The market is firm; prices are dearer; Australian, el Quay.' 735. 6d. Hour.-Market strong, supplies small. Quotations, 495. to 60s. Oats.—Market steady. Prices inactlre. Peas—Market Arm, .but quiet. New Zealand Maples, 60s. to 655. Beans—Market firm; no New Zealand offering. Butter.—Market .quiet. Higher prices are checking the demand. Danishf 2Oos. to 2045.; New Zealand stocks temporarily cleared. Choicest, nominally 184s. to 1865.; Argentine, 1765. to 180s. The general opinion is that prices are likely to be maintained until colonial butter arrives freely, as 'supplies from other sources are limited. Cheese.—Market very firm. Brisk demand for New Zealand at 100s. to 102s. Sugar—American granulated,. 41s. 7Jd. The Bradford wool market states that there is a more confident tone. Quotations all round aro firm: 64's, 54d.; super, 53d.; common 60's. 52d.; 56's, 40d.; 50's, 33d.; 46's, 23d.; 40"s, 26Jd. ' AUSTRALIAN PRODUCE. By Telegram—Press Association—Copyright Melbourne, August 25.,. . Barley.—English, nominal,. 4s. 3d. to 4s. 6d.; Cape, 3s. to 3s. 3d.; oats, milling, Algerians, 2s. 34. to 2s. 4d.; feed, Is. lOd. to 2s. Potatoes, £6 to £7 ss. Onions, £3. to £3 10s

Buyers. 8«llarg. ■ £ a. d. £ s. d. Wn. Trrat, Loan, LW. ...' — , 7 0 0 Wn.- Qas (£10) 1410 0 • - - National Insurance ...... 2 13 l — N.Z. Infiuranco 213 8 — S. British Insurance ,... 5 0 0 6 16 Gear Meat (£1) 4 9 Q - *Wn. Heat Export (£2 12a. 6d.) —. 3 3 0 fluddart-Parker, (ord.) ...16 0 — Union Steam (ord.) 2 10 aid Union Steam (pref.) 110 Well. Woollen (pref.) .... 317 6 — ' Waipa, Coal 0 18 6 — Wostport Coal 19 9 110 3 WestportrtStooKton (ord.) 0 6 3 -. Westport - Stockton (pref.) 010 0 — D.I.O. (pref.) - 10 6 *Cum diT.

Variation c ,„„. ' compared Slock • Price, with last week. £ s.'d. Sj% Imperial Consols 59 S 0 Unchanged 34 „ War Loan 66 10 0 Unchanged 49 „ \Var lioan 96 fi 0 TJnchanepd M g 0 ° 0 ° $&& 3} „N-S.W. Early Curt 75 0 0 o/siiichor 1 ™ ° 0 & *» "v 'S t™ 94 ° ° Unchanged li iwnln/n y 65 " ° Ws lower 3* ,iV;c. 19HMM9 75 1) 0 "(6 hi»her » 4 "I'i 111I T aD - J , u y ,s ° 0 5s liifihor 2 *S4»KWT , * J H y , 63 ° ° 10s higher L ''S. 1 . So it an -i u y «> 3 fl 2/6 higher 5 4 'nSM 1 ' W " 6 2/6 lower 5 4 7 S M an M Uly 67 ° 0 2 8 higher w 88] * 6 Unchanged ? 4 "N f iSS" *° Ja , n n'r ' 6 5 0 "nohanged ?* "WiiSsv'iW 7615 ° Unchanged 4 •^. A, i I Sf¥ U 1 y f 0T 721 ° ° Unhanged 5 "T».^oSn J^ n '' ]U , 1>, , 7 < 5 0 66 higher Tas 192Q.JQ Jan-July 6 7 0 0 Unchanged