COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2866, 2 September 1916, Page 12

COMMERCIAL ITEMS

-■ • : INVESTMENT SHABBS. Yesterday, sales ivoro reported, of National Bank at £5 Bs. 6d„ and Wellington Investment at 10s. 9d. The quotations were as under:— . Rnir«TQ RfOlorfl.

Customs duties collected at the port of Wellington ycstcrda? amounted, to £2797 Us. sd.

SOUTHERN MAHKETS. By Telegraph—Press Association. Christchurch, September 1. Tho -wheat market was much firmer e few days ago, especially Tuscan, but the disturbance caused in the American and the Home market, by the entrance of Rumania into the war eased the position again. There has since been a.recovery, and. Tuscan is now worth fully a penny per bushel more than last week. There have been a number of salos during the .week, including several farmers' lines in store. -Hunters and. Pearl are also firm, but with practically no change in prices. Potatoes are .firm, as offerings are limited, the-price offered being £7 at country stations. There as a good demand for grass and clover seeds for spring sowing, and prices ore abnormally high. RECORD PRIOR FOR HOGS. (By Telegraph-Press Association-Copyright (Rcc. September 1, 6.5 p.m.) V . Chicago, August 31. • Hogs have reached., the record price of IKO cents per iOGlb.

FKOZEN' MEAT MARKET. Messrs. Gilbert, Anderson and Co (Messrs. Melisop, Eliot and Co.; Palmcrston North, local agents), report on the frozen meat markot under date London, July 7. as follows:— i

Homo Grown—'fhcro has been a dull trade with a drooping marliot, .-owing to plentiful supplies.

• Frozen—The supplies from all sources has been greater than the corresponding week last year, with tlio bolo exception of . New. Zealand and Australian meat. Plato sheep are quite weak, rendering the Gov-ernment-controlled heavy owes loss easy to sell. Medium weight Plato and Patagonian lambs are also weak,' but smaller ones maintain their price on account of - their scarcity. Jjlyw Zealand lambs have been particularly short in London, and some considerable quantities havo had to bo railed down from Avonmouth and Liverpoor to relieve the situation.

ADVICE OF MEAT SHIPMENTS TO UNITED KINGDOM ONLY. F'z'n. F'z'n. F'zii. Oh'l'd. 1 Mutton. Lamb. Beef. Beef. May,/1916 (tl.) 348,941 351,982 404,727 81,000 May, 1915 (U.) 498,500 623,900 412,300 65,M0 SHIPMENTS DURING. JUNE (As far- as advised). June, 1916— Aust. 1 16.0C0 - 35,600 — K.Z :.... 138,301 290,319 41,593 - S. America ... 69,000 24,000 158,000 62,000 223,304 314,319 235,193 62,000 June, 1915 {tl.) 383,100 381,100 :703,600 98,000 Prices for -weeks ending:— ■Tiilv7 .Thltt B .Tnno.Tft

BANK OF ENGLAND RETURN. Australian-New Zealand Cable Association. (Rec. September 1, 5.5 p.m.) London, -August 31. .The -Bank of England return issued for the week ended Wednesday, August 30,' is as under:— Ibsoe Depabtmext. Note Issue £72,851,000 Gov. dobt ... £11,015,000 Other securities 7,434,000 Gold ... ... 51,105,000 £72,854,000 . ' £72,854,000 BixmNo Department. Proprietors' Gov. securicapital £14,553,000 ties £42,188,000 Public do- Other socuriposlts' 52,361.000 ties 31,0i1,C00 Other de- . posits ... 102,141,000 Notes. 38,702,000 . Kest, 7-, day and other bills ... 3,570,000 .Coin 1.704.000 £17-2,635,003 £173,625,000 The leading items of the Bank of England return afford the following comparison . This week Last week Last year Bullion 54.405.000 55,254,000 67,466.000 Deserve ... 38.406,000 40,061.000 54.558.000 Koto Circulation 3u,162.000 35,536,000 53.590.000 Public Doposits 62,361.000 61.428.000 137.035.000 Other Deposits 102.141,000 101,752.000 87.922.000 Proportion of reserves to liabilities 24.01 . 25.15 24.15 GOVERNMENT SECURITIES. The following are'the latest quotations for Colonial Government Securities in comparison with those ruling last week:

JtOJTEI* irAUKET. The Bank o£ England discount rale was oil January 2, 1914, railiiced from 5 to 4j per ecnt., on January 22 it was reduccd to 4 per cent., and on January 28 3 Dcr r.ont. On July 30 the rate was raised to 4 per ccnt., and on July 31 it was raised to 8 per cent., and on August 1 it was fat-

ther advanced to 10 per ocnt. On August 6' tlio rate "was reduced to 6 per ccnt., on August 7 it was further reduced to 5 per cent., on July 13, 1916, it -was mised to 6 per cent. OPEN 3LAIIKET KATES. Tho open market discount rate for threo months' bills is 53 per cent., as compared ■with 5S per ccnt. last -\vock, and 43 per cent. la«t year. Short loans aro quoted at 4iJ per cont., as against 41 por ccnt. last -week, and 4.\ per cent, last ye>ar. COLONIAL AND OTHER PRODUCE. Wheat is quiet and slightly easier. Flour is steady at 495. to 50s. Peas arc firm and unchanged. Beans are steady. No New Zealand beans offering. Oats are firm with little offering. Lako Plata on spot, 31s. 3d. Butter is very dull. Buyers are holding off as much as possible owing to the high prices. Danish is rather easier, as the result of a temporary increase in supplies, and is quoted- at about 200s. New Zealand, nominal, ponding new arrivals; 186s lt c.i.f., is asked for New Zealand September shipment. A few sales ore reported at 182s. Cheese is steady. Now Zealand and Canadian 103s. to 104s. Rennet.—The Government's prohibition of tho export of rennet ha« caused tho stoppage of some parcels bought for Australian cheese-makers. The agents and Agcnts-Goncral attention lias been directed to tlio matter. Sugar is unchanged. Bradford Tops.—There is a healty tono in tho market, and more inquiry. Sixtyfqurs, 53d.; super sixties, 52d.; common sixties, 514.; 39d.; fifties, 32Jd.; forty-sixes, 28d.; forties, 26Jd. THE METAL MARKETS. Copper, on spot, £109 10s. per ton; three months, £106 10s.: electrolytic, £130. Tin, on spot, £170 17s. 6d. per toil; three months', £171125. ,6d. Lead, on spot, £31 per ton, forward delivery, £30. Spelter, on spot, £52 per ton; forward delivery, £43. Silver.—Bar silver is- quoted at 32d. per ounce standard. 1 VICTORIAN PRODUCE MARKET. By Telegram—Press Association—Ooc.'Cxight Melbourne, September 1. Barley, Etnglish, nominal, 4s. 3d. to 4s. 6d. ; Cape, 3s. to 3s. 4d. Oats, milling, Algerian, Zs. 2£d. to 2s. 3d.; feed, : Is. lid. Potatoes, £6 to £7. Onions, £2 15s. to £3.

Buyers. Sellers. £ 8. d. £ s. d. Bank N.Z. (£5 6s. fid.) ... 11 2 0 - Bank N.Z. (£6 13s. 4d.) ... 17 2 6 — N.Z. and Hirer Plate 2 0 0 — Wei. Trust Loan, Ltd. ... 6 17 6 7 0 0 Auckland Gag (paid) 19 0 — National Insurance 2 13 I — . S. British Insurance .... 52 0 0 — . OhristchurcH Meat 20 0 0 Gear Meet (£1) 4 9 0 — fWn. Meat Export (£5) — 6 0 0 Wn. Moat Export (£2 12s. 6d.) - 3 0 0 Huddart-Parker. (ord.) ... 1 6 3 — •'-Union Steam (ord.) 2 0 0 2 2 0 Mosgiel Woollen — 0 4 0 Waipo. Goal ..i , 0 10 6 — Westport Coal 110 0 110 6 Wcstport-Stockton ......... 0 6.5 0 7 0 Westporfc-Stockton (pref.) 0 10 — Ward a«nd Co 5 16 0 — Manning and Co 4 11 0 —' N.Z. Oonsol; Dental 1.23 — N.Z. Greenstone (£1) 13 3 . — Sharlaaid (ord.) 16 6 —• Sharland (pref.) 16 6 —. fEx. dir.

July 7. .July 8. June 30 1916. 1915. 1916. d. d. d. d. d. d. Homo Grown— Btfef, sides 10M21 83-103 9J-12 Mutton, wothers... 10J-13 95-10 101-13 Mutton, ewes ; 9 - 93 71- 73 9 -10 Tegs 115-121- 9 -10i 105-11 Lambs 12 -14 : 9 -11 12 -135 Pork, best 101-113 81- 9 103-11} Teal,-best 121-145 5 - 95 12 -144 Frozen— . Mutton: N.Z. wethers 83 71-7 83 N.Z. ewes • 8J 6S Si ; Australian wethers and ewes 8} 63-63 63 6. Amer. wethers 91-83 6 I 63 10-9} [jpmh ■ ■ N.Z. & Australian 9J 85-8 91 South American 11 -10} 8-73 . 1110?, Pork (U.S.A.) 81-83 - S-i-83 Chilled: . ' S. American ox lores and hinds 7J-83 73-83 8 -9

Variation compared I btook Price. with ; last week. . , „ i £ (1 ' 21% Imperial Consols sn 10 o 5s higher 35 „ War Loan 8(110 0 Unchanged War Loan OS 10 0 6s higher i N.S. W. 1933Jan .-July 85 0 0 Unchanged 3i „N.S.W ,1930-50Mi'.-Sp 05 5 0 5s higher 3} „N.S.W. Early Cure 74 17 6 q/ 6 lowor 3 ' ,N.H.\Y.192oApl.-Oct 73 6 0 6b higher 4 „Vio. 1020 Jan.-Jniy M 12 6 2/6 liisbor 31 „Vic. 1921-6 Jan.-Juiy 85 5 0 6s higher si „Vic. 1K0>1949 75 5 0 Ea higher 3 . „Vio.lB20-49Jan.-July 66 6 0 Bs higher 34 „S,A. 1916 Jau.-July 7410 0 10s lowor 3 ,.S.A. 1316 Jan.-Juiy f,i 15 0 6s tower 4 „Q'l'dl015-21 Jan.-July (H) 2 G Unchangea ai „QTdl922-47Jan.-July 88 5 0 7/6 highor 3 ..Q'l'dlfl2>-47Jan..July 07 0 0 Unchanged i "N.Z. 1029 May-Nov. 88 10 0 2/6 higher 3$ "N.Z. 1912-10 Jan.Jly 76 5 0 Unchanged 3 "N-7;. 1920 April-Oct 68 0 0 Uneliangod 36 ''W.A. 1915-35 Jl'y-N'v 76 15 0 Unchanged 3 "W A, 1915-35 M y-Nov 72 0 0 103 lowor 3i "Tas 19-20 Jan-July 74 15 0 10s higher 3 "Tas 1920-10 Jan-Jnly 67 0 0 Unchanged