COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2908, 21 October 1916, Page 12

COMMERCIAL ITEMS

| INVESTMENT SHARES. Yesterday's Quotations for investment shores were as under:— Buyers. Sellers. £ s. d. £ s. d. National Bank — 5 6 6 N.Z. and It. Plato - 2 2 9 Well. Invest. T. and A. .. — 0 10 9 Well. Gas (£10) - 15 2 0 N.Z. Shipping (prcf.) 10 10 0 — N.Z. Consol. Dental 13 0 — N.Z. Drug 2 7 0 - Customs duties collected at the port of Wellington yesterday amounted to £2709 16s. lOri. SOUTHERN MARKETS. By Telegraph—Press Association. , Christehurch, October 20. There has been a fair amount of business passing in wheat between merchants and millers during the week, but practically nothing is offering by growors. Tho market is firm, and prices are unchanged. Potatoos have further advanced, £7 10s. and £7 15s. having been paid during the past few day 6, and it is also reported that £8 will bo given for primp lots. Thcro is a.good demand for sound 1 seed potatoos. which are scarce, as tho seed has not kept well this season. FROZEN MEAT MAEKET. Mosrs. Gilbert Anderson and Company (Messrs. Mcllsop. Eliott, and Co.. Palmerston North, local agcntß) report on tho frozen meat market, under date London, September 1, as • follows:—

Home-Grown— The resumption of tho import of Dutch mutton has now taken place, and Smithfleld received about 1800 carcasses this week, prices ranging from B}d. for the .heaviest to 10d. for the lightest. The meat is being consigned from the senders in Holland to their usual agents, who are not restricted by any Government regulations as to price. Frozen—The large quantity of Patagonian sheep and lambs landed last week in Liverpool, and the arrival of the Middlesex there with Now Zealand meat, lias rendered that market weak, and the Patagonians aro being sold by tie buyers at a loss. Tho London market, howover, although Government releases have been greater, Temains firm on New Zealand meat, but Plato mutton and lamb are rather lower. Market prices for week ending:— Sept. 1. Sept. 3. Aug. 25. 1916 1915. 1916. d. d. d. d. d. d. Home-grown: Beef, sides BMU BM.OJ 9-113 Mutton, wethers 10-12* 9-10J 101-13 Mutton, ewes ... 8.,- 93 71- 8i 91-10 Mutton, Dutch ... 81-10 — — Mutton, tegs 111-12 10 -101 12 -121 Lamb 10-131 81-101 12-14 Teal,.best 11-13 111-12 10J-12 Pork 111-12 ' 111-12 11 -111 FrozenMutton : N.Z. wethers 88 - 88 N.Z. ewes 81 5J 81 Aus. wethers and ewes 81 61-71 8} 8. Amcr. wethers 91-9 6J-53 93-91 Lamb: .N.Z. and Aus. :.. 91 85-71 9J 8. American ... 115-101 78-71 IU-101 Pork, U.S.A 81-91, 71-81 81-91 Chilled: Argentine or, foreß and hinds, beef ... 75 93 6g-73 7- 91 BANK OF ENGLAND RETURN. Australian-New Zealand Cable As6ociation(Rec. October 20, 5.50 p.m.) London, October 19. Tho Bank of England return issued for tho week ended Wednesday, Octbocr 18, is as under.—. Issue Department. Note Issuo £73,885,000 Gov. debt ... £11,015,000 Other securi- "■ tics 7,434,000 - Gold 55,434,000 £73.835,000 £73,!35,000 Basking Pepjuiiment. Proprietors' Gov. socuricapital £14,553,000 ties... .'.. £43,188.000 Publio do- Other securiposita .... 55,539,000 tios 101,390,000 Other deposits ... 105.406,000 Kotos 37,107,000 Host, 7-day and other bills ... 3,177,000 Coin 1.040.000 £181,815,000 £181.815,000 The leading items of the' Bank of England return afford the following comparison:— Tin's week Last week Last year £ £ £ Bullion 55.436.000 53.814,000 58.733.000 Deserve • ... 38,937,000 87.29-2.000 44.7(i2,0M /Note Circulation 36,668.000 36,854,000 82.573,000 Publio Deposits 55.689.000 55,135.000 46.128,000 Other Deposits 103,406.000 109,361,000 08.381.000 Proportion of resorves to liabilities ' 23.30 22.70 30.07 GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government Securities in comparison with those ruling last week:

MONEY MAEKET. Tip 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 23 3 per 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 MAEKET KATES. The open market discount rate for three months' bills is 5 9-16 per cent., as compared with 5 9-16 -per cent, last and 41 per cent. last year. Short_ loans are quoted at 5 per cent., as against 5 per cent, last week, and 43 per cent, last year. TEE METAL MARKETS. Copper.-Spot, £123 155.; three months, £120 55.; electrolytic, £143 10s. . £30 10s.; threo months, £29 10s. Spelter.-Spot. £53; threo months. £50. Tin.-Spot- £179 7s. 6d.; three months, £180 ss. Bar Silver.— ZZ 5-16 d. per oz. standard. COLONIAL AND OTHER PEODTJOE. , Butter.—Market dull. Prices nominally unaltered, but closing firm on news of the loss of a- steamer carrying -6000 . tubs of American. There is a trado in Canadian; prices unaltered. Now Zealand. 110s., 112s. Sugar—Market unchanged. Wool—Bradford tops, firm. Active market, with hardening tendency; 64's, 54Jd.; 56's, 39£ d; 50's, 32Jd.; 46's, 23d.; 40's, 27d. Wheat.—Market firm. Flour—Market firm; business restricted. Australian, 545. 6d. I ■ Peas and Beans—Firm. Oats—La Plata, on spot, 355. MINING NEWS • WELLINGTON SHAEE MAEKET. Tho quotations for mining shares yesterday woro as follow:— Buyers. Sollers. - £s. d. £s. d. Talisman 0110 012 0 Eising Sun 0 3 3 — STOCK EXCHANGE. By Telegraph—Press Association. Chrlstchurch, October 20. Sales:—Canterbury Meat. £8 2s. 6d. Ounodln, October 20. Union Steam shares were dealt in to-day at 425. 6(1. TALLOW SALES. Australian-New Zealand Cable Association. London, October 19. Tallow.—At the sales 1806 casks wcro offered, and 1140 6old. Prices: Mutton, fine, 48s. 6d.; medium, 445.

At a war salo in London a bamboo cane, with a silver mount bearing Lord Kitchenor's coronet and monogram, fetched 165 guinea*. Mr. Asquith's motor cap realised £6. Admiral Jellicoo's bootjack fetched ono guinea.

Variation (..„,. compared fatook Price. ..with last week. W'wE&S™*'- | "Slower 2"I"S 85 0 0 Sslowor gg JhW*.' 31„,N.S.W.193O-50Jir.-Sp §n 0 S?A h i1»Sr 31 ,,'N.S.W. Early Ourr. S? ,g J fA^^L 3',N-S.W.1925Apl.-Oct, ?J J S g K^^ca 4 .Tic. 193)Jan.-July mu o ?«tS «„ Vic: 1921-6 Jan.-July § J? g K.SLi 31 „Vio. 1920-1949 ™ }1 S irSShSK 3 2 „ Vic. 1929-49 Jan.-Jly §5 0 Fos lower i "r?.iti«Sin y ° ° Unchanged 4 „Qldl915-24Jan.-Jly 88 0 0 ooshlsW 31,,Q'l'dl9ZM7Jan.-JIy 86 3 6 7/6 lower 4 „N.Z.1929May-Nov. 85 37 0 2/G higher • 3»„N.Z. 1912-40 Jan.-Jly 73 0 0 15s higher 3 „N.Z.1920A W il-Oct. 63 10 0 kI hiiher 31,. VI. 1915-35 My-Nv 75 0 0 Unchanged 3 „ W.A. 1915-35 My-Nov 70 5 0 Uuohaneed 31 „ Tas. 1920 Jan-July 7315 0 5b lower i „Tas 192040 Jan.-Julj 66 0 0 Unchanged