COMMERCIAL ITEMS

Dominion, Volume 13, Issue 311, 25 September 1920, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAREfi. Yesterday's quotations for investment shares were as follow:— Buyers Sellcrn. £ s. d. £ n. d.

OTSTOJM 117/ VENUE. Ciifltoms revenue collected at the port nf Wellington yemcHay t.-tu)k'd £8081 3s. Bd. LONDON WOOL SALES. The Department ot Agriculture has rn. eoived the followinn cablegram, dated Keotomljer 22. from the High Commisaiou-

er far New Zealand. London:—"Sixteenth series Government wool sales commenced last night. Trade dull; homo trade very reserved. Demand poor unless for finest grades, and cr.nparcd with last Berie6 all grades, juperior merinos 10 per cp.nt., and medium and inferior 15 per cent., lower. Fine crossbreds 5 per cent., medium 10 per cent. lower; coarse neglected; 32,000 bales New Zealand wool available for series, Including TO merino. First week's offering will include following selection; New Zealand, greasy merino 450 bales, sreasv crossbreds 77C0 bales, scoured crossbreds IJOO bales, sltped crossbred? 900 bales. Australian, greasy mer. ino 17,100, scoured merino 3650, greasy crossbreds 6850, Bcoured crossbreds 1500 bales." The New Zealand Farmers' Co-op. Distributing Co., Ltd., report having received the following cablegram from their London agents:—"London wool sales opened with poor demand; prices declined all round; best greasy merino 10 per cent., others 15 per cent., fine crossbred 5 per cent., medium 10 per cent., coarse unsaleable." PRICES OF METALo. Australian-New Zealand Cablo Association. (Rec. September 24, 8.5 p.m./ London, September 23. Copper.—On spot, £96 7s. 6d. per ton; three months. £97 7a. 6d.; electrolytlo Ingots, £112; wire bars, £118. Lead-On spot. £34 7b. 6d. per ton; three months, £35. Spelter.—On spot, £41 per ton; three months, £42 5?. Tin.—O" -pot, £268 17s. 6d.; three months, £273 17s. <d. Bar Silver.—s9Zd. per ounce standard. EXCHANGE RATES. (Eec. September 24, 5.5 p.m.) London, September 23. Foreign exchange rates on London are quoted:—Paris, 51.17 francs to £1; Stockholm, 17.39 kroner: Cbristiania, 26.70 kroner; Montreal, 3.89 dollars; New York, 3.50 dollars; Calcutta, 223 d. to rupee: Yokohama, 34Jd. to yen. COLONIAL AND OTHER PRODUCE. (Eec. September 24, 5.5 p.m.) London, September 23. Whoat.—The market is quiet. Only a email quantity has been released. Flour.—Meeting with good inquiry for all available supplies. Oatß.—Quiet. La. Platas, on spot, 50s. 6d. to 535. Beans and Peas.-Stcadily held; prices unchanged. Sugar—Unchanged BANK OF ENGLAND RETURN. Anitralian-Nor? Zealand Cable Association. (Eec. September 24. 5.5 p.m.) London, September 23. The Bank of England return for the week ended September 22 is as under:— Issue Depahtmhnt. Notes issued £125.486.000 Gov. debt... £11,015,000 Other securitfotes in ties 7,434.000 reserve 14.622.000 Gold ... «>• 321,559,G00 £140.008.000 4140,008,000 Banking Department. Proprietors' Gov. securicapital ...£14,533,000 ties ... £33,518.000 Public do-' Other securiposits ••• 16.707,000 ties 88i703,000 Other deposits ...105.445.000 Notes in Rest, 7-day reserve ... 14,52-3,000 and other Coin in , tmmn bills — 3.562.000 reserve ... 1-507,000 £110,250,000 £140-200.000 The leading items of the Bank of England return afford the following comparison:— This week Last week Last year £ £ £ Bullion 121.559.000 121,558,000 86,228.000 Resorve ... 16.820.0011 16.379.C00 25-036,000 Note Circulation 125.456.0C0 125.165,000 51,611.000 Publio Deposits 16,707.000 15,202.000 19.306.000 Othor Deposits 105.448.000 122.575,000 07.475-00U Proportion of reserves to liabilities 13.12 11.82 21.37 GOVERNMENT SECURITIES. Following are latest quotations for Imperial and Colonial Government securities;

MONEY MARKET. The Bank of England discount rate, which had stood at 6 ner cent, since April 6. 1917, on which date It waa reduced from 51 per cent., was raised to 6 per cont. on November 6. 1919. and to 7 per cont. on April 15. 1520.

OPEN MARKET RATEB. The open market l'ate for three months' bills is 63 per ocnt, as compared with 64 per cent, last week and 3g per cent, last >C Short loans are: quoted at 5} rer cent, as against 5i per cent, last week and 35 per ccnt. last year.

MELBOURNE PRODUCE MARKET. By Tclegraph-Pross Association-Copyright

Melbourne, SiTtember 24. Barlcv. Knglish, Is. to 7?. 3d.: Cape, 6s. to 6s. 3d. per bushel. Oats. Algerian, 3r. lOd. per bußhcl. Potatoes, £11 ta £12 per ton. Onions, £20 to £21 ccr tun.

Bank AufltnilaBla - 5 National Bank 6 9 0 6 11 0 Bank New Zealand — 27 5 0 Union iia«k 13 19 6 14 1 0 Abraham and Williams — 6 5 0 Uoldabrouph Jlort — 2 7 0 National Morttcairo 'rights) 10 0 — Well, (las (£10! - 10 0 0 Well (his (pref.) — 016 6 National Innnranco 3 14 0 — N.Z. Insurance — 110 0 N.Z. , HefriKoratins '10s.) 13 9 1 4 3 dear Meat 2 6 0 2 3 Well. Meat Export (£3 , 12s. 6d.) - 411 6 ITuddrt-Parkcr (ard.) ..... 2 13 9 2 M 9 Union Steam (pref.) 10 0 — WeBtport Coal — 1 11 0 Waipa Colliery 0 16 0 Tarinsamutu Totnra. 13 0 — fc'iarland and Co 110 6 Wilson's Cement — 0 17 o

c ,„„ v This Last Week Weok , , _ . i I.d. £ 8, (1, tj% Imperial Connolr 45 17 6 46 0 0 6 „ War Loan 81 12 6 81 12 6 31.. War Loan 61 7 6 81 7 6 H „ Aus.-Couimonw th 06 17 6 SG 17 6 6J „ Aus.-Oonimonw'th 06 2 6 05 15 0 < „ N.S.W.1933.lnn-Julj 7117 6 7117 6 21 „ W.S.W.1930-50 Ja-Jy 63 5 0 63 0 0 B „ N.S.W, 15£5 Apl.-Oct 61 5 0 60 17 6 51.. N.S.W. 07 15 0 — 6J..N.S.W. 10117 6 — 4 „ Vic. 1920 Jan-July 03 10 0 03 10 0 3J„ Vic. 1929-49 Apl.-Oct 83 7 6 63 7 6 31 Vic. 1921-6 Jan-Jly 67 7 6 57 17 6 3 „ Vic. 1929-49 Jan.-Jul 61 7 6 61 0 0 31 „S.A.1916 Jau.-July 66 15 0 66 17 6 3 „ S.A. 1916 J<t.u.-July 40 0 0 40 10 0 4 „ Q'l'd1915-14 Jan.-Jly 66 12 6 66 10 0 54.. Q'i'dl922-47 Jan.-Jly 61 0 0 81 0 0 !i „ Q'l'd 1930-50 Mar-Am 91 0 C 01 0 0 3 „ Q'l'd 1922-47 Jan.-Jl; 63 7 6 53 17 6 4 N.Z. 1929 Jlay-No it. 61 7 6 81 5 0 35 1. "N.Z. 1912-40 Jan.-Jly 67 5 0 H7 5 0 3 „ N.Z. 1920 April-Oct. 67 10 0 67 6 0 31 „ W.A. 1516-35 lly-Nv 70 15 0 70 15 0 3 „ W.A. 1915-35 Jty-Nor 67 17 8 67 17 6 31 „ 'I'aB. 1S20 Jail-July 67 0 0 67 0 0 i „ Tas 1920-40 Jan.-Jiilj 61 5 0 61 6 0 ♦ei dividend.