COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2988, 27 January 1917, Page 12

COMMERCIAL ITEMS

INVESTMENT SHARES. At the Wellington Stock Exchange yesterday a sale of Wellington Trust and Loan was .made at £6 17s. 6d., cum dividend. . Buyers. Sellers; £ s. d. ■ £ s. d. Bank N.Z. (£3 6s. Bd.) ... 11 0 0 . - Bank N.Z. (£6 13s. Ad.) .. 17 1 0 17 5 0 Union Bank — 53 10 0 N.Z. and Hirer Plate ....; — ' 119 0 Well. Gas (£10) .'. - 15 2 0 WoU. Gas (pref.) 0 18 3 0 19 (I Well. Meat Export (£5) ..676 — Union Steam (ord.) 2 0 3 2 13 Waipa Coal 0 18 0 — liejylond-O'Brien 12 9 — Customs duties collected , at the port of Wellington yesterday amounted to £4669 '3s. M. VICTORIA}? PRODUCE MARKET. Melbourne, - January 26. Barley, English, As. 3d. to 4s. 6d.; Cape, 3s. to 3s. 3d. Oata, milling, Algerians, 2s. 3d. to 2s. 3Jd.; feed, 2b. Id. to 2s. 2d. Potatoes, £3 10s. to £6 10s. Onions. £7 to £7 10s. CHEESE PRICES FIXED. Melbourne January 26. The following cheese prices have been fixed:—'Large and medium, new, wholesale, 9d. per lb.; old, lid.; loaf, new, 9Jd.; old, llid.; retail, 2d. per lb. extra. BANK OP ENGLAND RETURN. (Eeo. January 2G, 9.35 p.m.) London, January 25. The Bank of England return issued for the week ended , Wednesday, January 21, is as under:— ■ Issue Depahtment. Note Issue £73,660.000 Gov. debt ... £11,015.000 Other securities 7.434,000 -.-■• . Gold 65,031,000 £73.680,000 £73,660,000 Baxkikg Department. Proprietors' Gov.secnric&pital £14,553,000 ties... ..: £37.836,000 Public de- Other securipositfs ... 50,721,000 ties 133,879,000 Other deposits ...139,232,000 Notes 34,895,000 Rest, 7-day and other bills ... 3,497,000 Coin ... ...' _1.303.000 £903,003,000 " £206,003,000 The leading items of the Bank of England return, afford the following companBOtt:— This week Last week Lastyear £ £ . £ Bullion 55.231,000 54,729.000 51.777.000 Reserve ... 36.288.000 35,734,000 36,845.000 Note Circulation 38,785,000 38,832,000 83,820.000 Public Deposits 50.721,000 61.325.000 62,875,000 Other Deposits 139,232,000 137,699.000 100,961,000 Proportion of liabilities • 19.10 , 18.90 ■ 23.49 . . GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling iast week:— ' ~~~ Variation o . •.■ compared Stook Price. with . last'week. 2i% Imperial Consols £, a » 31 ..WarLoan S 1 X o J??, 1 ?^ 1 41 .War Loan i i? " Jf'\ h "*°s 4 ~N.5.W.1933 Jan-July $ " 0 g 1 34,,N.5.W.1930-SOHr.-Sp $ q o inflow 31 ~N.S.W. Early Ourr. I 10s higher 3 N.5.W.1925Ap1,0ct gB 30 0 rtiTLi 4 „ Vic. 1920 Jan.-July K 1 n iTi- o i g ei 3J,, Tie 1921-6 Jan-July gi 12 6 & £ S 31 Vic. 1920-1949 §913 6 Slower 3 ~Vic. 1929-49 Jan.-Jly 61 0 0 wllZtl 35 "I-A- UU > Jan.-July ?J jg § \ZI ■ 3 „ S.A. 1916 Jaai.-July 51; in n itum,..,,™,! A ~drd 1915-24 Jan.-Jly 86 10 0 5s lower 3i,,tJTd1922-47Jen.-Jly 83 15 0 2/6 lower 3 ~QTd 1922-47 Jan.-Jlj DO 15 0 5« hSer 4 „ N.Z. 1929 May-Nov. 82 10 0 Ms lower 31,, N.Z. 1912-40 Jan.-Jly 71 io 0 0 ™ 3.,,N.Z.1920Apri1-Oct. 6110 0 20, lower 31 ..WJI. 1915-3E illy-Nv 76 0 0 Unchanged 3 ~W.A. 1915-35 My-Nov 70 0 0 Unchanged 31 „ Tas. 1920 Jan-July 70 10 0 Unchanged 3 ~Ta31920-40 Jan.-July 65 0 0 Unchanged MONEY'MARKET. The Bank of England discount rate was on January 2, 1914, reduced from 5 to 4* 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 fur-

ther advanced to 10 per cent. On August 6 the rate waß 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- MARKET RATES. The open market discount rate for three months' bill is 5 per cent., as compared with 5 1-16 per cent, last week and 5 3-16 per cent, last year. Short loans are quoted at 4! per cent, as. against 42 per cent, last week and 41 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat is <niict, with moro offering. Flour is scarce, aud business is restricted. Oats are in active demand. La Plata, ex ship, 48s. 6d. to 495. per quarter. Peas are firm. New Zealand maples, 100s. to 104s. Beans are firm and unchanged Butter is very dull at yesterday's rates, and buyers are apathetic. Cheese is in strong demand. Canadian, 1425. to 1465. Sugar is unchanged. METAtL MARKETS. Copper.—On spot, £132 ss. per ion; three months, £128 ss. Tin—On spot,' £188 17s. 6d. Tier ton; three months, £190 2s. 6d. Lead.—Soft foreign, on spot, £29,105. per ton. Spelter.—On spot, £49 15s. per ton; forward delivery, £47—Aus.-N.Z. Cable Assn.