MONEY MARKET.

Dominion, Volume 11, Issue 23, 22 October 1917, Page 8

MONEY MARKET.

The Sank 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 oer cent. On July 30 tbe rate vrae raised to 4 per cent., and on July 31 it was raieed tc i per cent., and on August 1 it nae further advanced to 10 per cent. On Aucuur, 6 the rato vvas reduced to 6 per cent., on August 7 It Tine further reduced to 5 ner tent., on July 13, 1916. It was raised to » per cent., on January 12, 1917, it was reduoed to 5J per cent., and on Aoril 5 If was further reduced to 5 per cent. OPEN MAEKET RATES. The open market discount rato for thxco

months' bills at 4! per ct.n% a.s compared Tvith 4} per cent, lasi, week, ana 5 9-16 per cent, last year. Short loans are quoted at 4J per cent., an against 41 per cent, last week and h per cent, last rear. COLONIAL AKD OTHEB PBODUOK. Wheat.—Firm. Flour.—Active demand; litt.le available. Oata, Beans, and I'eae.—Scarce; hardening. Hugar.-Unchanged. MINING NEWS WELLINGTON SHAKE MARKET. Saturday's quotations for mining shares wero as under;— Bujera. Sellers. m , . 4a. d. £a. d. The quotations for raining shajes yesterday were as under:— Blackwater Mines 0 11 0 — Con. Goldlields o^3 Waihi 115 9 116 i