COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3048, 9 April 1917, Page 8

COMMERCIAL ITEMS

LONDON WOOL SALES. (flee. April I, 5.5 p.m.) ■•'■'• London, April 6. Of 86,900 bales catalogued at the current sales tlie Government -withdrew m>o, while 55,(100 were eold to tho Home market, 2000 to the Continent, and. 51IW) to the United States. , The letter's enry into the war is likely to cause a large demand either in Australia or London. The best combing merinos advanced today, others made full rates; best ecoureds further appreciated; lambs sold often siboie February rates. The smaUneES of America's purohasea was apparently <hie to the prices being too high, and because direct Australian shipments are permitted. The Government is acquiring the' new Englieh wool clip at above the 1914 July rates.—Aus.-N.Z. i Cable Assn. . ET/BBEE. ' ■ . (ficc. April 8, 5.5 p.m.) ' ."■ ' London, April 6. Hard fine Para'rubber is quoted at 3s. 2{d. per lb. - , plantation, 3s.' 13d.; smoked, sheets, 3s. lid—Aus.-N.Z. Cable. Assn.. BANK OS ENGLAND EETUiiN. '•■,-.. London, April 6. The Bank of Enslami return issued for the week ended Wednesday, April 4, is as under:— : : Issue DEriMHENT. Note Issue £71.089.003 Gov.'aebt..£ll,ols.ooo Other securi- • . . «es 7.131.0C0 i Gold Ki.610.000 £71.089.000 . £71,089,600 ■ BANKING DM-LRTUENT. Proprietors' i Gov. securi- . capital £14,553.000 tie 5....... £39,-215.000 Public de- Othersecuripoßits ... 50,121,000 ties .123,308.000 Otherde- . posits ...136,968,000 Notes 32,183,000 Best, 7-day and other bills ... 3,156.000 - Coin ...... 2,060.000 .-"■■-. £196.601,000 .' £186.601,000 The leading items of th« Bank of England return afford the following comparison;— ■•• ' • This week Last week Lastyear ■£ £ £ Bullion ... i ... 58.610.000 ffii.032,000 55.118.000 Reserve ... 31.210.000 31,170.000 11.012.000 Note Circulation 38,001.000 38,289,000 83.875,000 Publio Deposits 50.124.000 19.915.000 69.915.000 .Other Deposits 123,968.000 129.617.000 87.719,000 Proportion of reserves to liabilities .19.12 19.02 26,03

, GOVERNMENT SECUIUTIES. The following are the latest quotations for Consols and Colonial GoTerument Securities in comparison with, those ruling last week:—

MONET MABKET. The Bank of England discount rate ttjs on January 2, 1914, reduced from 5 to 41 per cent., on January 22 it was reduced to 4 per cent., and on Jannary/23 3 jer cent. On July JO the rate -was raised to 4 per cent., and on July 31 it was raisea to i per cent., and on AuEUSt 1 it Traaiuri'her advanced to 10 per cent. On August 6 the- rate "was reduced to 6 per. cent., on August 7 it was further reduced to 6 per cent., on July 13, 1916. it was raised to 6 per cent., on January 12, 1917, it was reduced to 5J per cent., and on April 5 it ■was further red-ucedi to 5 per cent. OPEN ILAKKET KATES. The open market discount rate for thr«* •months' bills is 41 per cent., as compared with 4 9-16 per cent, laet week, and 48 »er cent, last year. Short loans are quoted at 4 3-8 per cent., as against A 3-8 per cent, last week and 41 per cent, last year.. ' COLONIAL AND OTHER PKODUCE. Wheat—The market is quiet but prices are unchanged. Hour—Tho market is firm. Australian offers of forward shipments are very much above the English parity of values. . Oats, Peas, end Beans.—All prices aro very firm. No colonial lines are offering. Sugar.—Unchanged; ' Wool—The Bradford" market is niuet, but prices if unaltered are very firm. Butter—The butter market is -weakening, on account of large supplies of Danish going into the northern markets. Danish is quoted at from 218s. to 2225. per cwt.; Australian, choicest, salted, 198s. to 200b. per cwt., and in exceptional instances, 2025. per cwt.; with unsalted lines 2s. lees. New Zealand, ealted, 2145. to 2165. per cwt., and for exceptional lines 2185.; with) ■unsalted at 208s. to 210s. per cwt.-Aus.-N.Z. Cable Assn. -

qi,.,,,, IThlS Last 3J-,, War Loan, m n n ffi n n • 4.,,Vic. 1920 Jan.-July S ,i J .S ! ! 3J 1 .Tifl.mWJan.July S n 0 B2W 6 3 Tic.192S.49Jen.Jlj J 10 0 3J,.S.A.1916Jan.-July ?{ g g «15 6 3 ,,8.A.1916J«.Ti.-Jiily jJia 6 56 Iβ 0 4 „ QTd 1915-24 J«n.-Jly e 68 0 0 , 31,,QTdl922-«J*n.-Jly 88 1 6 86 5 0 3 ..Q'l'd 1922-47 J«n.-JJj « s 0 61 3 6 4 ,,N.Z.1929May-Nov. 8410 0 , 31 ,,.N.Z.1MWO J&n.-Jly n '5 0 70 II 6 3 „ N.Z. 1920 Apri]-Oct. 62 15 0 61 17 6 3i,,W.A. 1915-35 My-HT 113 B 0 74 17 6 3 ,,TT.A.lM5J53Ir-NoT 66 « 0 70 0 0 34 „ Ta,3. 1920 Jan-July 71 6 0 70 0 0 i ,,Tas 1920-40 Jan.-Julj 6t 10 0 6310 1