COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2896, 7 October 1916, Page 12

COMMERCIAL ITEMS

INVESTMENT SHAKES. Yesterday's quotations for investment shares urero ns follow;— Buyers. Sailers, f B.d. £ s. d. National Ba.nlc — 5 6 0 Bank N;Z. (£i 6s. Bd.) ... — 11 7 6 Bank N.Z. (£6 Ws. 4d.) ... — .17 7 6 Union Hank — 64 5 0 Well. Invest. T. and A. .. — 010 9 Well. Trust; & Loan, Ltd. — 70 0 Well. Gas (£10) — 15 2 0 National Insurance 214 0 — Well. Meat Export £1 15s. (■paid) 119 0 — HuddartrParker (ord.) — 16 6 N.Z. Shipping (pref.) 10 10 0 — Union Steam (ord.) — 2 5 0 Well. Woollen (ord.) — 6 0 0 Westport Goal — 19 9 WestportrtStockton (pref.) 0 10 6 — N.Z. Consol. Dental 12 9 — N.Z. Drue 2 6 6 — N.Z. Portland Cement ... — 011 9 Golden Bay Cement — 116 Customs duties collcoted at the port of Wellington yesterday amounted to £2951 13s. sd. SOUTHERN ItAEKETS. Bf Telegraph—Press Association. ... „ , Chrlstchurcb, October 6. During tho last few days there has been sood inquiry for wheat, and with tho exception of some in atoro which, has now been pot rid of to make room for more, there is very little offering. Tuscan is J Lr ®© r ». for prime milling 4s. Bd. to i.-i now being offered. Other varieties which arc scarce remain without change, but are very firm. There are a few oats to be obtained, but oatsheaf chaff is very (foul of sale, and owing to holders Retting rid of stocks the price is easier, supplies ! being? offered at £Z ss. to £3 10s. Tho potato market is unchanged, £6 10s. to £6 15s. being the ruling prico, with a shortage of offerings. BANK OP ENGLAND RETURN. Australian-hew Zealand Cable Association. (Bee. September 29, 5.5 p.m.) London, September 28. it Bank °f England return issued fo,r tho week ended Wednesday, September 27, is as under:— Issue Depabtmekt. Vote Issue £71,237.000 Gov. dobfc ... £11,015,000 Other securi-

ties 7.434,000 Cold 53,788,000 £71,237,000 , . £71,237,000 Bankfng Department. Proprietors' Gov. socnricapitsl , X.1i.553,000 ties £4-2,186,000 Public do* Other sccuri- . ... 52,236.000 ties... ... 109,168,000 Otborde- • posits ...117,402.000 Notes 34,173.000 •Rest, 7-day and other . bills ( ... 4.229,000 Coin 2.891.000 £188,4'20,000 £188,420,000 The leading items of the Bank of England return afford the following compariThis week Last Trcok Lastyeur „££ ■ £ Bullion 52.758.000 51,749,000 61.087.0C0 Roeoi-VO 1 ... 36,006,000 35,467,000 46.823.000 f>ote Circulation 37.064,000 36,536,000 33,877,000 Public Deposits 52,236,000 53.372,000 81,375,000 Other Deposits 117,402,000 101,483.000 88,303,000 Proportion of reserves to liabilities 21.23 22.00 26.05 MONEY IIAEKET. j The Bank of' England discount rate was on January 2. 1914, reduced from 5 to 4J lier oent., on January 22 it was reduced to per cent:, and on January 28 3 per cent On July 30 tho rate was raised to 4 per tent., and on July. 31 It was raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. Qa August 6 tho rate was reduced to 6 per oent., on Augußt 7 It- was further rcduccd to 5 per cent on July 13, 1916. it was raised to 6 per sent OPEN. HAItKET - KATES. Tho open market discount rate for thrca ■ months bills ia 5 9-16 per cent., as compared with 6 9-16 per cent, last week, and 43 per cent, last year. Short loans are' quoted at 5 per cent.* as against 5 per cent, last week, and < 4 3-8 per cent, last year.' I

COLONIAL AND OTHER PRODUCE. Danish Butter.—Bather easier. High pnees are checking the demand 'at about •2065. Others are firm. Now Zealand being particularly so; ohoioest, nominally 200b.: Argentine, 186s. to 1945.: Canadian, 188s. to 1905.; United States, 182s. to 186s. , Cheese.—'Very firm. Canadian, oh spot, llus.; Ne\r Zealand, 108s. to 109 a. Tho Government is buying freely from Canada at 114s. to. 1165., o.i.f. Sugar.—Market "unchanged. Bradford Wool' WarJtet. —Prices unchanged, with fair inquiry, but business is limited. There is a strong tone, with .a Jiardening tendency "for everything excent medium orossbreds. ; Wheat—Sparingly offered, at full prices. Australian, 70s. Flour-Firm. Australian, 535.; La Plata oats, none offering. Peas andi Bean3—Firm, tending to hecome dearer. ' TEE METAL. MARKETS. • Cooper.—Spot, £119 10s.: threo months, £116 10b.; electrolytic, £141. Tin.—Spot, £177 12s. Gd.; threo months, £178 2s. 6d. _ Lead.—<3pot, £30 10s.; . three ' months. ~29 10s. Spelter.—Spot, £54: three months, £49. Bar silver, 32Jd. per oz. standard. , WHEAT. Außtralian-New Zealand Cable Association. (Eec. October 6, 5.50 p.m.) . m , . London, October S. The Argentine wheat crop prospect will bo unfavourable, unless rain comes immediately.