COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3037, 26 March 1917, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. Saturday's quotations for investment shares were as follow:— Buyers. Sellers. £6.<f. £c. ii. Govt. War Bonds - »12 6 National Bank 5 16 — Bank N.Z. (£3 6s. Sd.) ... 11 6 6 Union Bank 52 7 6 . - National Mortgage — 317 0 Loin and Mercaii. (oru.) 82 0 8 — N.H. and jtiver Plate ... - 118 9 Well. Invest. T. and A. 0 11 0 — Well. Trust, Loan, Ltd. 6 15 0 — Well. Dep. and Mort — 0 7 6 Well. Gas (pref.) 0 1! 6 fl 19 3 ti. British Insurance ... — 615 0 Union Steam (ord.) 2 4 3 — i Union Steam (prof.) 1 0 11 113 j Westport- ffcal : 17 0 17 6 ! Wcstport-Stockton (ord.) — 0 7 6 Leyland-O'Bricn 14 6 — Opera House.. Wellington — 5 0 0 W.F.O.A. (£5) : 6 10 0 - TAIiLOW, SKINS, AND HIDES. Tho New Zealand Farmers' Distributing Co. reports:—Wo held a ealo on Friday afternoon last of tallow, hair, rejected hides, otc.. The large quantity of tallow offering had the rosult of bringing together a number of outeido users, and prices showed a considerable advance on values ruling for the last .'few months. ■ Wβ quote as follows:—Tallow, in casks,' 295. 9d. to 335. 6d.; tallow, in tins, 225. to 335. 3d. per cwt.; roat skins, 2s. to 35.; owhair, Sd.: horsehair, 15d.; rough, and rejected hidcß, 4i to BJd.

LONDON MARKETS. (Ecc. March 25, 11.15 p.m.) London, March 24. Oopra.-Fobruary-April shipment, £14 10s. per ton. v New Zealand scmp.—February shipment, Rubber.—Hard flno Para, is. 2}d.; plantation, 3s. lid.; smoked sheets, 3s. lid. Rabbits are slow'of Bale and unchanged. Mutton.—Now Zealand, 9W.; Außtraaian, 9Jd.; South American, IIS-W. Lamb.-New Zealand, ttjd.; Australian, IOJd.; South American, Ud. r Aus.-N.Z. Cable Assn. FROZEN MEAT MAEKET. Messrs. Gilbert Anderson and. 00. (Messrs. Mellsop, Eiiott and 00., Palmeraton North, local ajents) report on the frozen meat market, under date London; January IS, an follows:— Home-jtrown meat ha 3 met a dull demand, and prices haro a somewhat lower tendency. Frozen.—ln contrast to the position of Home-grown, all clasEes of frozen meat have risen considerably, and there haa been much demand for the uncontrolled meat, which, has advanced) in price with each sale. It has tieon decided to raiee Government-controlled meat jd. a, lb., with the object of checking the demand if possible, revised rates being shown beAdvico of. Meat Shipments to TJ.K. Only. Frozen Frozen Frozen Chilled mutton, lamb. beef. beef. Not. IM6 ... 406,63? 357,670 289,031 62,000 Nov., 1915 ... 212.600 254,000 290,000 «3,M9 Shipments during December, 1916 (Amended). Australia 228,000 347,600 60,000 - New Zealand . 109,006 212,000 11,000 — S. 'America, ... • 119,200 70,250 188.000. 111,500 456,200 629,550 259,000 111,500 Dec, 1915 257,600 321,475 323,600 63.000 Market Prices for Weeks Ending: Jan. 19, Jan. 21, Jan. 12, Home-grown- 1917. 1916. 1917. d. d. d. d. d. d. Beef, Bides ■ 113-12} 74- Si 10J-12} Mutton, wethers .... 10J-12 73- 9i 11J-13J Mutton, ewes 95-10 6J-7J 10-105 Mutton, Dutch .... — — 9J-11 Tegs 111-125 8-105 12-13J Lambs 124' 101-13 13 -15 Pork 11-12 BJ-11 12MJ;. Teal, best .'. 14 93-101 12 -14 Frozen— Mutton: N.Z. and Australian > wethers 8J 71 8i N.Z. and Australian ewes 85 7i- V 8 . 6. Amer. -wethers 53- 9J 71- 7g 9£- %l Lit-mb: New Zealand .... 10 8-7J . 91 Australian 10. — 91 6. American 105-10 — 9j Pork 101- 1\ 95-101 Ohilled: Argentine ox, fores and hinds 62-103 51-71 83-10} BANE OF ENGLAND EETTTEN. London, March 23. The Bank of England return issued for the week ended Wednesday, March 21, is as under: — Is3DE Department. Koto Issue £70,519,000 Got. debt... £11,015,C06 .* , Other securities .... ... 7.434.000 • ' > /Gold ... ... ta.070,000 i 70.515.000 470,519,000 DAUBING DEPAMMENT. Proprietors' Gov. eocuricapital £14,553.000 ties.'.. ... f21.031.000 Public ae- Other secnri-

posltß ... 07,711.000 ties 151,821,000 Other deposits ...124,335,000 Notes 32,695.000 Best, 7-day and other bills ... 3,861.000 Coin 1,893.000 - £210,460,000 The leading items of the Bank of England ißturn afford the following compariton: — This week Last week Imstyear £ £ £ Bullion 52.070.000 51.987.000 55.093,000 Reserve ... 34,588.000 34.161.000 41,616,000 Note Circulation 37.824,000 88,073.000 33,004,000 Public Deposits 67.711,000 86,377.000 66,216,000 Other Doposlts 124,335.000 119.114,000 90.126,000 Proportion of reserves to liabilities 17.99 16.62 28,35 GOVERNMENT SECURITIES. The following are tb.6 latest quotations for Consols and Colonial Government Securities in comparison with, those ruling last weok: — Stock Tlliß t[lst - btock Week Week 4 ~N.8.W.1933jRn-Julv g! ,S °. |g a 2 2 3J N.6.W. Early Ourr. SS J2 S I . 3 N.5.W.1925Ap1.-Oot f* 1 ! * SXS S 4 , Vic. 1920 Jan.-July u< 10 S 0410 2 3J,,Tic. 1921-6 Jan.July J S » l\]l I' 31,, Vic. 1920-1949 » S J 66 0 2' 3 , Vic. 1529-49 Jan.-Jly gS » S 3i,,8.A.;»16Jan.-July S 6017 B J ..S.A.WS Jen-July H " g 4 ~CITd 1915-24 Jan-Jly " a ° 3i,,Q':'dl9E-47Jan-Jly 0 3 ..β-a;SjM7 JμJb Si I°6o 1? « 4 ~N.i.19?.9May-Nov. 8410 n 84 0 e 3i,,N.Z.1912..'4)Jan.-Jly ml 7 i 70 10 0 i ~N.Z.l9aApril4Dct. 6S J NS 74 17 c 76 0 9 3 ~W.A-l';is-3. c .My-Nov 70 o 0 ™ 6 0 3i ~ Tas. :32i: Jan-July 70 e 0 70 0 0 3 ~TaslsW-ffXiin.-Julj 63 10 o> 63 0 0

MONEY MARKET. '['ho Ean'i of Enjland disoomit, rate was on Januc.rj- 2, 13U, roduccd from 5 to 41 per cent., on January 22 it WB6 reduced to 4 per re.it., α-d on January 23 3 reicont. On July iO iho rato waa raised to 4 per. cent., anri on July 31 it was raiaea to 8 per cent., a* i ok Ausust 1 it, was iurtier advnjsced to 10 per cent. On August 6 tho rate waa reduced to 6 per cent., on Auguss 7 it --/as further reduced to 5 ow cent., on Julr 13, 1316, it -was raised to 6 ]>cr coat., and on January is it vm s rcductd to 6} per cont. OPEN MARKET KATES. The op'-n mn.rknt discount rato for threo month? bills is 6J per cent., as corannreH with 4 <M 6 per cent, last weok, and 61-16 ror cont. last year. Short loivds ere nnolwi at 4J per cent.., aa against 4J per cent. la«t weok and 44 per ceiic. l*sL yoar.-Aus.-N.Z. Oablo As6n.