COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2884, 23 September 1916, Page 12

COMMERCIAL ITEMS

''INVESTMENT shakes. Yesterday's quotations for investment shares were as follow: - , ! Buyorj. Sellen. £ s. d. £ s. a. National Bonk ; ' - 5 7 9 Bank N.Z. (£3 6s. Bd.) ... 11 4 6 - Woll. Gas (£10) 15 0 0 ■ - National Insurance * 2 13 6 — N.Z. Insurance 6 8 6 . • — 8. British Insurance ... 5 3 6 — N.Z.. Shipping (pref.) ... 10 10 0 - fHuddarH'arker (ord.) ..160' - I Well. Woollen (ord.) ..:... -: >. ~6 0 0 Wcstport Coal :...'.. 1 9 4 ■'•■ 1 9 9 Westport-Stockton (pref.) 010 3' ■ ". — Leyland-O'Brien ....;■.....,. 12 9". ' - N.Z. Oon. -Dental 1 2-. 9 a -.'. — ■ N.Z. Drug..'."./..: ;.:... 2 SO — ■N.Z. Portland Cement'... .- 012 0 j iGolden Bay Cement —: . 12 0 tEx div.- ;. Customs duties collected at the'port Of Wellington .yesterday amounted to £2224. 12s. 9d.- ■•" t .-, .':'." ■'.. '; , -SOUTHERN MABKETS. . . 'By Telegraph—Press Association. ■ :-.Chrlstchuroh, September 22. :The',.wheat market 1b nrm, and a fair • amoiint 6f buying has Ibeen done during 'the week to supply'North'lsland ordors and to replenish local millers' stocks. Tho bulk; of the wheat was' Tuscan, and tho price generally paid for good milling, wheat was'4s. Bd. at-country stations. 'A. little -Pearl has been bought''at ss. The .question of raising the price of Sour has been considered by millerß, but it was decided mot ; to make any change at .present. There is'a little more inquiry for potatoes/from Auckland, but-no advance in price is 'offered., Tho local price is £6 ss. to .£6 10s.. at country stations, according to distance. ' ' . ,' ;1 .' wheat! Australian-New Zealand Cable Association.' London, September 21. Wheat—Tho risible supplies.aro 84,935,000 ■bushels.; •

THE METAL MARKETS. (Ike. September 22, 9.15 p.m.) London, September 23. Ooppor.—Spot, £116 10s. per ton; thrco months, £114. tiead.-Spot, £30 10s. per ton; throe months, £29 10s. Spelter—Spot, £55 por ton; three months, £46. £172 13s. 9d.; three months. £173 6b. 3d. liar Silver.-023d. per oz. standard. , ADELAIDE WOOL SALES. By Telegraph-Press Association-Copyright • Adelaide, Soptember 22. At the wcol salc\3, there wero record prices. Greasy merino brought 214 d:; scoureda, 3B{d AUSTRALIAN PRODUCE. Melbourne, Scptcmher 22. Oats, milling, Algerians, 2s. 2d.; feeding, Is. IOJd. to 2s. Potatoes, £410s. to £5 10s. Onions, £3 to £3 10s. BANE. OP. ENGLAND RETURN. Australian-New Zealand Cable Association. (Eec. September 22, 5.20 p.m.) London, September 21. The Bank of England return issued for the week ended* Wednesday, September 20, is as under:— Issoe Department. Note Issno £71,250.000 Gov. debt ... £11.015.000 • Other securities 7,131,000 ~-..■ . • Gold 62.601,000 jE71.M0.000 •"■ ■ £71,250,000 Banking Def-abtment. ■ ( Proprietors' Gov.seouri-. capital £11,553,000 . tics £12,188,000 Publiode- Other securipoßits ... 62.903.000 ties... ... 06,103,000 Othorde- . " : posits ...101,185,000 Notes..; ;.... 35,277,000 Best. 7-day • / '.- and other ' bills ■ ... 3.616,000. Coin 1.779.000 £175,317,000 ..■ £176,317,000 ,The leading items of the Bank of England return afford the following comparison:— . This week Last week Lastyoar

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

;. MONEY MAEKET.The Bank of England discount Tate wan im January 2, 1914, reduced from 5 to 4J. per cent.', on January 22 it was reduced to 4 per cent., and on January 28 3 per cent On July 30 the rats was raised, t0.4 per sent., and ott July 31 it was raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. Qn AugU6t 6 the rate was reduced to 6 per cent., on Augußt 7 it was further reduced to 5 per cent., on July v , 13, 1916, it was raised to 6 per tent' ■..''' OPEN. MAKKET RATES. . The open market discount rato for thre« months bills is 5 9-16 per cent:,.as compared with 51 per cent. ■ last week, and 4 1-16 per cent, last year. . Short loans are quoted) at 5 per cent., aB against 4| per cent, last week, and 4 3-8 per cent, last year. -.. COLONIAL' AND OTHER PKODUCK. Butteiv-Vory firm. Danish, 200s„ 2045.; New Zealand, ohoicest, 188s., 190s. ;'unsaltcd, Argentine 1825., 1845.; umßaltod, 188 S. •■-,-■:' " ,' Ohceso.—Strong; little doing,- owing to the uncertainty over tho Government's intentions. New Zealand, 1045., 106s. j Canadian, 1055., 106s. The Govornment is paying 1075., c.i.f., for Canadian, with immc: diato shipment. Sugar.—Unchanged. Wool—Tory poor selection offered. There were some withdrawals in the faulties classes, though competition was a, little better. There is a firm .market for all pood combing wools and crossbreds, at late rates. Bradford . reports . cheerful market, with prices unchanged, 'and e, hardening tendency. ! Wheat.—DuE; prices easier- Cargoes aro obtainable >at 6d. to Is. cheaper. . Flour.—Quieter. Australian, 495., 51s. Oats.—Npno offering. ;> Beau? and Peas.—Steady; prices unchanged. . ' . ' !\ BANK OF EN&LAND PROFITS. Australian-New Zealand Cable Association. (Kec.. September 22, 5.40 p.m.) London, September 22. The Bank of England has declared a profit of £500,000 for the half year, and; a diiden'd of 5 per cent.

Bullion ... ■ ... 63.801,000 63.369,000 .62,539.000 Reserve • - 37,056,000 37.02S.OOO M.728.000 Note Circulation 35,073,000 36,121,000 31.633,000 Fublio Deposits 82,093,000' 69.U7.000 108.758.000 Other Deposits 101,185,000 96.383,000 89,646.01X1 Proportion of * -- reserves to ' '. ■ , -liabilities 23.57/ .'• 23.80' 35.00 . ■

Variation , compared . , Stock. p rlco- wiH j ,■■'',.: ;■ ''.. ■ last week. ' '• s. i. a. 21% Imperial Consols ' 60 5 0 Cs higher 3} „ War loan 66 10 0 Unchanged 4J,i War Loan 06 1 6 Eb lower 4 • ,.N.S.W.1033Jan.-JuJy 86 B 0 Unchanged 31 ,.N.S.W.1930-50Mr.-Sp 95 7 6 2/6 lower ■34 „N.S-W. Early Curr 74 15 0 2/6 lower 3 ,N,S.W.1005Apl.-Oct 73 0 0 10a higher 4 „Vio. 1020Jan.-July .91 g | io s lower 31 ,.Vio. 1031-6 Jan.-Jnly 85 10 0 lCs higher 31 „Vic. 1020.1SMO .74 0 0 Unchanged 3 i „Vio. 1920-49Jan.-July 65 2- 6 17/6 lower .33 ;,S;A. 1016 Jan.-Jnly 76 0 0 10s lower 3 ,.B.A, lBlGJan.-July Bl ■ 5 0 16s higher 4 „QTdl915-24Jan.-July 00 5 0 Unchanged 3J „QTd 1922-47 Jan.-Jnly : 88 2 6 2/6 higher 3 „QTdl922.47Jan.-July 66 IT 6 7/6 higher i „N.Z.1020 88 17 6 S5e higher 3a\, ,,N.Z- 1012-40 Jan.Jly 76 5 0 Unohaogod 3 '„N-Z..1920April-Oct 6615 0 26shigher 34 '.,W.A.1015-35M'y-N'v 73 0 0 7oslowor? 3 „W A. 1015-36 M'y-Nov 72 0 0 Unchanged 34 „Taa 1920 Jan-July' 74 15 0 16s higher 3 I, Tas 1920-40 Jan-July 66 17 8 2,'61ower