COMMERCIAL ITEMS

Dominion, Volume 13, Issue 305, 18 September 1920, Page 10

COMMERCIAL ITEMS

INVESTMKKT SHAUES.

Yesterday's Quotations for Investment shares were aB follow;—

MONEY MARKET. Tho Bank of Enirland discount rate, which had stood at 6 per cent, since April 6. 1917, on which date It was reduced from h\ per cent., was raised to 6 per cent, on November 6. 1919, and to 7 par cent, on April 15. 1920. OPEN MARKET KATES. The open market Vato for three months' bills is 6J per cent, as compared with 63 per cent, last week and 35 per cent, last year. Short loans are quoted at 5j per cent, against 5J per cent, last" week and 31 per cent, last year. TUB OATB MARKET. ;By Tolegrauh-PrcßS Association.. Christchurch, September 17. Tho firming of the oats market, which was announced in the mid-week report, has not been maintained. Sales were then recorded for (Jartons at 4s. 4d. f.o.b. South kland for inimcdiato deliverv On Thursday oue substantial transaction of ICOO sacks was executed at 4s. 31d., and bus!-

!:c'S was done at !(1. and in -" odd caso ?t lid. lower than that. In the nriwnt i-cnsili'-o ntnte of the market it takes little L> in .« ois "wc-bblv." rtwilics are bare i i i j nortli. but merchants there are wutaiit to buy iu small lines to fill retirements aa they come alone:, "lid their "URument that there is iiothlti" in.prospect mj justify a departure from this policy lias so far nroved correct. Sufficient weak sellerr. have materialised to allow them to cover sales on an easy market. In view of the depressed position of the Gorton market. Algerians are in a mir nrininitlv iahlr. noßition. A line of nn. dre«r,»(l seed was sold for the north the other da v at 6s. sd. Soiithi Island f.o.b, and although this is doubtless a ton prlcn Auckland nuoiatlons at present aro over £9 ex store.

LONDON TALLOW MARKET. The Bank of New Zealand has received tho .following advice from its London office under date September 15:-"Tallow market 'fs firm, and flue sorts are dearer. Quotations: Fine mutton, £3 17s. 6d.: good mixed, £3 12s. 6d.; gut, £3 nor cwt." JfcßarF". A 11. Turnbull and 00. advise that they havo received a cablegram fro>n Messrs. W. Wcddel and Co., Ltd., London, dated September 15, rolativo to the tallow market, reading as follows:—"Beef tallow, edible up to 65.; mutton tallow, 35.; mixed tallow, market steady at unchanged prices. Beef tallow, first grade, Ks. 6d.; mutton 'tallow, first grade. 775. 6d." EXCHANGE KATES. Australian-New Zealand Cable Association. <Rec. September 17, 7.30 p.m.) ' London, September 16. Foreign exchange rates on London are quoted—Paris, 53.10 francs to £1: Stockholm, <7.20 kroner; Christian'*, 25.23 kroner: Montreal. 3.86J dollars; New York, 3.493 dollars: Calcutta, 223 d. to rupee; Yokohama, 34} d. to yen. COLONIAL AND OTHER PRODUCE. (Rec. September 17, 7.30 p.m.) London, September 16. Wheat and Flour.-Quiot trade. The recent allocation of Australian flour has been withdrawn owing to its damaged condition. Oats.—Firm. La Plata, landed, sos. 6d. Heans.-Quict; unchanged. Peas.-Quiet. Tasmauian blues, 30s, per cwT. Sugar.-Unchanged. LONDON STOCK EXCHANGE. (Rec. September 17, 7.30 p.m.) London, September 16. The following are among the latest quotations on the Stock Exchange:—Wnihi Grand Junction, buyers 35., sellers 9s. 7d.; P. and 0. deferred stocky buyers £395, sellers £415. INCIIEASB IN PRICE OF FLOTTR, (Rec. September 17, 8.10 p.m.) London September 17. The Food Controller Is increasing the wholesale price of Hour to 225. 6d. per 2Mb. from September 20. MELBOURNE PRODUOE MARKET. Br Telegraph—Press Association—Cop fright Melbourne, September 17. Barley, English, 7s. to 7b. 3d. per bushel; Cape. 6s.'ld. to 6s. 6d. Oats, Algerian. 3s. 7d. to 3s. lOd. Potatoes, £11 6i. to £12 per ton. . Onions, £22 to £23. Heavy hides are unchanged; medium, id. lower; sloppy condition, id. to id. lower.

Buyer*. Sellers. £ i. A. £ s. u. Inscribed Stock, 1939 - 95 5 0 Inscribed Stack. 1938 - 93 7 6 5 p.c. Inscribed Stock ..: — 96 0 0 National Bank ... 6 9 6 612 0 Bank N.S. Wales 34 0 0 34 10 0 Dank New Zealand — 27 10 0 Union Bank - 14 5 0 Abraham and Williams — 6 5 0 Goldabrough Jlort (cum, rights) - 2 8 0 Equitable Building — 10 0 0 Wellington Deposit 0 8 9 — Well. Gas (£10) - 10 6 0 Well. Gas (pref.) - 016 6 National Insurance 3 13 6 — New Zealand Insurance 19 6 — South British Insurance 9 12 0 9 16 0 Standard Insurance — 3 0 0 N.Z. Kcfrizeratinu (10s.) 1 '4 0 — CAar Meat 2 6 0 2 7 6 Huddart-Parker (ord.) .., — 216 0 U.S.S. Co. (nrcf.) 10 0 Waipa Colliery - 016 0 Ijeyland-O'Brien Timber 115 6 117 6 Colonial Suwr, Aus. (O.R. and D.) 2 7 6 - Kirkcaldie and Stains (pref.) - iio CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday totalled £11,249 lis. 4d'. BANK OF ENGLAND RETURN. Australian-New Zealand Cable Association. (Rec. September 17, 7.30 p.m.) London, September 16. The Bank of England return for the week ended September 15 is as under:— Issue Department. Notes issued JE125.16o.000 Gov. debt... .£11,015.000 Other seciiriNotes in ties 7.434,000 reserve 14.849-000 Gold 121,558.000 £140.007.000 ±-140.007.000 BANKING DEPJtBTMENT. Proprietors' Gov. securicapital ....£14,533,000 ' ties ... £56,103.000 Puhlicde- Othersecuriposits ... 15.202.000 ties 83,301,000 Other deposits ... 122,575.000 Notes in Best, 7-day preserve ... 14,642,000 and other Coin in hills ... 3.5G3.O0O reserve ... 1.537,000 £155,673,000 Jfl55.873.000 The leading Items of the Bnnk of England return afford the following comparison:— This week Lost week Last year £ £ £ Bullion 121.558,000 121.565.C00 66,228.000 Rcsorve ... lti.37U.C00 15,619.000 25-791,000 Noto Circulation 125.165.0CO 125.000.000 60,902.000 Public Deposits 15,202.00;! 16.501.000 20.128.000 Other Deposits 122.575.000 II6,98i).C00 91,822-OOu Proportion o( reEOrvesto liabilities 11.69 11.70 23.00 . GOVERNMENT SECURITIES. Following are latest quotations for Im> perial and Colonial Government securities: Stock ™* £ast Week Weok .,,, , • , r, i £ a, (I, £ s. d. Ij% Imperial Oonsoli 46 0 0 *46 0 0 5 „ War Loan 8 , 12 6 Si 17 6 3J„ War Loan 81 7 6 gl 17 8 51 „ Aua.-Uommonw'th o u j 7 6 ge 12 6 5J „ Aus.-Commonw'th 95 ]5 0 95 7 6 < „ N.S.W.1933 Jan-Julj 7/ 17 b 75 7 6 5i,N8W.1930.5pja.Jy m "c 0 '63 6 0 6 „ N.S.W,,1525 Ap .-Oct 60 17 6 61 2 6 4 „ Vic. 1920 Jan-July 09 10 0 '03 10 0 U „ Vic. 1929-49 Apl.-Oot 63 7 6 63 7 6 3{ „ Vic. 1921-6 Jan-,Uy 57 ]7 6 67 15 0 3 „ Vic 1929-49 Jan.-Jul 61 0 0 '61 2 6 3i„S.A.19I6Jau.-July 6617 6 67 0 0 3 „B.A. 1916.1o.u.-July 49 10 0 .40 7 6 4 „ Q'l'd 1915-24 Jan.-Jly S6 10 '1 Cl 2 6 5j,.U'''dl922-47 Jan.-Jly B 4 I) 0 64 0 0 , ij„ Q'l'd 1930-50 Har-Auj 04 0 0 04 0 C. 3 „ Q'l'd 1924-47 Jiin.-Jl; 53 17 6 6315 0" ! 4 „ N.Z. 1929 May-Nov. 84 5 0 8415 0 . ii „ N.Z. 1912-40 Jan.-Jly «7 5 0 66 15 0 3 „N.Z. 192(1 April-Oct, 57 6 0 '57 10 0 ! J1..W.A. 1515.35 My-Nv 70 15 0 70 15 0 ' 3 „ W.A. 1915-35 My.Noi 67 17 6 07 17 6 ■ 3j „Tas. 1920 Jan-July 67 0 0 07 2 6 j 3 „Tas 1920-40 .Tnn.-.lnh 61 5 0 61 15 0 I *cx dividend. '