COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2902, 14 October 1916, Page 12

COMMERCIAL ITEMS

. • , INVESTMENT STOCKS. Yesterday's quotations for investment 6hares were as under Buyers. »Sel!ers. £ s. d. £ s. d. National Bank — 5 6 0 Well. Invest. 'I'. and A. — 0 10 9 Well. Trust, Loan; Ltd. — £ 19 6 Ohristchurch Gas (£5) ... 612 6 \ — Well Gas' (£10) - 115 2 6 Well. Gas (pref.) - — 0 19 6 National Insurance 214 6 — Huddart-Parker (ord.) ... — 16 0 Union Steam (ord.) — 2 3 0 Union Steam (pref.)' '. 110 — Kaiapoi Woollen (ord.) .... 6 2 6 — Well. Woollen (ord.) - 6 0 0 Well. Woollen (pref.) 3 15 0 - - Westport Coal — 1 9'6 Westport-Stockton- 0 6 0 0 6 -5 Ward and Co. 5 16 — 1 N.Zi Consol. Dental 1 --3 0 — N.z: Drug 2'7 0 — N.Z. Portland Cement ... — 0 11 6 Golden Bay Cement; 1 .!..:. — 113 WHOLESALE PEODUOE PRICES. Messrs. Laery and Co.. Ltd.. Allen Street, report wholesale prices as follows;—Fowls| wheat, prime, ssl 6d. per bushel; fowlß wheat,• medium! ss. 4d.'per bushel; fowls' barley, 3s. lOd. per bushel; Australian Cape barley,- 4s. 6d. -per bushel; New Zealand Cape barley, 3sl lOd. per, bushel;, barley, seconds, 3s. Bd. per bushel; partridge iicas, 6s. 6d. per bushel'; maize feed, ss. per bushci; chaff, oatsheaf, £6 55.1 per ton; hay, clover, £5 per ton; flour, in sacks, £13 15s. per ton; oatmeal, 7's £20 . 25 s £18. per ton; pollard, £7_ 10s. per ton. Potato seed: Breezes Prolific, £7 per ton; Northern 'Star, £6 15s. per ton; Up-to-Date, £8 per ton.; Gamekeepers,. £7 par ton. Bacon (all best factory), sides, Is. per lb.; rolls, Is. per lb.; lmms. Is. per lb.; shoulders, 91d. per lb.; cheese (factory), medium, lOd. per lb.; linseed nuts, 12s. frd. per cwt.; linseed ground cake, 12s. 6d. per cwt.; onions, Victorian brown Spanish, £9 per ton: potatoes, white-skinned table, £9 ss. to £9 10s; per ton; pigmeal. £6 10s. per ton. All poultry in very pood demand. Turkeys (gobblers). Is. Is. 2d; per lb.; turkeys-(hens)., lid. to Is. per lb Butter (prime bulk), Is. to. Is. 4d. per lb. Eggs, Is. 3d. t.o Is. 4d. per dozen. IRON ORE SMELTING COMPANY. By Telegraph—Press Association'. Now Plymouth, October 13. At the statutory meeting of the Iron Ore Smelting Company the chairman announced ".that the- erection of the works had been 'commenced. The machinery had been ordered,* and it w&s expected tliiit the first furnace of a capacity of seventy

tons weekly, would be running by the end of February. The required capital had been secured, and the share-list would bo closed almost at onco. The following directors were elected:— Messrs. l'aync (chairman), Frascr (Auckland), Rutherford (Culvcrden), Laurenson lOhristchurch), J. A. Heskett, W. H. Moyes, W. J. Pemm, R. J. Deare, and Jenkins. VICTORIAN PRODUCE MARKET. By Telegraph-Press Association-Copyright Melbourne. October 13. Oats, milling, Algerians. 2s> 2d.; feed, is. ICd. to Is. lid. Potatoes, £5 to £6. Onions, £3 10s. to £3 15s. ■ BANK OF ENGLAND RETUBN. Australian-New Zealand Cable Association, (Hec. October 13, 8.5 p..m). London, October 12. The Bank of England return issued for the week ended Wednesday, October 11, is as under.— ••- > Issoe Department. Note Issue £7-2,263.000 Gov., debt ... i 11,015,000 Oilier securities 7.434,000 ' Gold .... ... 53,814.000 £7-2.263.000 £72,263,000 Bankino Department. Proprietors' Gov. securicapital .£14,553,C00 ties £42,168,000 Publicde- Othersccuriposits ... 55,135.000 ties 10-2.773,000 Other deposits ... 109,361,009 ' Notes 35,400.000 liest, 7-day and other bills ... 3,204,000 Coin 1.E83.C00 £18?,253,003 . £183.253.000 The leading: \teras of 'the Bank of England return afford the following comparison This'week Last week Lasts-ear Hullion 53.814,000 52.768.C00 59.798.000 DcKOn-o - ... 37.202.0C0 36.006.000 45.845.000 Note Circulation-36,854,000 37.064,000 33,560,000 Public Deposits 55.13j.0C0 5'2,236,000 70.860.000 oilier Deposits 109,361,000 117,402,000 97,007.000 Proportion of reserves to liabilities 22.70 21.23 27.16 GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government Securities in comparison, with those ruling last week:

The Bank of England discount rate "was on 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 ccnt. Ou July JO the rate was raised to 4 per cent., and on July 31 it was raised to 8 per cent., and on August l it was further, advanced to 10 per ccnt. On August 6 the rate was reduced to 6 per cent., on August 7 it was fuTthcr reduced to 5 per cent., on July 13, 1916, it was raised to 6 per cent. ' OPEN MARKET RATES. v The open market discount rato for tlirea months' bills is 5 9-16 per cent., as compared with 5 9-16 per cent, last week,' and 48 per cent, last year.

Short.loans nre quoted at 5 per cent., as against 5 per cent, last week, and 44 per cent, last year. '

COLONIAL AND OTHER PItODTJCE.Y Wheat.—The market is stagnant, and buyers are' awaiting development!!. Hour is strong. Australian, 546. 6d.

Beans are firm, with none offering. Butter.—The market is quiets Danish, about 2USs.; New Zealajid choicest. 198s. to 2005.; Argentine, 1925. to 1965.; Canadian, 180s. to 1965.

Cheese is very tirm. Canadian, on snot, lias, to 1145.;. New Zealand, 108s. to 112s. It is reported that .the Government purchases in Canada, during tho past three weeks totalled 130.0C0 chceses. Sugar.—American granulated, 41s. 7id. per cwt. Bradford Tops.—The market is firm and cheerful, with better inquiry. Merino ■ counts have advanced a halfpenny, other counts are unchanged. METAL JIABKETS.. Copner —On spot, £122 15s. per ton ;■ three mouths, £118 15s.;.electrolytic, £142 10s. Lead—On spot, £30 10s. nor ton; forward delivery, £29 40s. Spelter.—On spot, £56 per ton; forward delivery, £51 10s. Tjn— On spot, £180 17s. 6d. per ton; three months. £181 7s. 6d. Silver.—Bar silver is quoted at 32 5-16 d. per ouuee standard. Customs duties collected at the port of Wellington yesterday amounted to £5219 3s. 4d. , ' (Continued on page 7.)

Variation c ,„., compared . Stocli . Price. with j t „ • last weak. J^W^Loai^ 501 ' M10\j0slowor s M w?I f£!L l • fc5 5 > ffs higher 4 " N is.W 1933 Jan-July E? J* 2 l° wer t U " X Vw'lflV) Id Mr »Sti 83 10 0 5s lower fi M NSW f BMlvSupr 03 , 2 MMbauwa 1 " NHW1925 AdI-Oct 0 feUnclianflsd g,?i life 31 „ Vic.1021-6 Jau.-July g ]J f K.yef 4 „ T10.1920-1949 £Q 15 0 • Mb In™ a 73 0 0 Unoboneca i t™n y , 69 0 0 i»s higher u"?vi!5ioIMit« "ii y 89 0 0 u ncliansod S.}.^ 1 S 4 L , f ,n ' r'f M 10 6 Unchanged i "Si imSr w 1 6317 6 <2/6lowerA N.Z.1929 May-Nor. as 16 0 15s lower 3$ „ N.Z. 1912-40 Jan.-Jly 73 15. 0 Unchanged 3 ,, N.Z. 1920 Apnl-Oct. 61 10 0 Unchanged " w J »' }«!Hr H y 'S v 75 (1 0 U'nolmngcrt 3 „ W.A. 1915-35 My-Nov 70 5 0 5s higher 31.. Tus. 1920 Jail-July 73 0 0 Unchanged 3 Tas Jan.-July 66 0 0 Unchanged MONEY .MARKET. < '