COMMERCIAL.

Lyttelton Times, Volume CXVII, Issue 17281, 23 September 1916, Page 11

COMMERCIAL.

LONDOS MARKETS. Py Telegraph—Press Association—Copyright. Australian and N.Z. Cable Association. (Received September 22, 5.20 p.m.} LONDON, September &. BANE OF ENGLAND RETURNS. The Bank of England returns for the week ended Wednesday, September. 20, are as follow i— '•'-.-'.—• IBSUE DEPARTMENT. ■ .... '•>''■-■ £ Notes fnofr- Government u!a.tion . debt . 11,015,000 Notes in re-" Other ecferw . *5,536,000 curities . 7,485,000 Gold coin and bullion 52,609,000 ''■ < ' Authorised - ...•■':, £71,309,000 circulation £71,300,000 BANKING DEPARTMENT. : £■-■- £ Proprietors' -Government . capital -. ,11,558,000 securities . 42,183,000 Publio do- Other sccuposita ■ . 59,903,000. ritie3 (adOther de- vances) . 96,103,0001 posits ;104,185,000 Notes in reRest, 7-dsy s«rv-i . 85,330,000 and ■ other • Coin . . 1.720,000 % billa . 6,616;000' *175,347,00p . £173,347,000 COMPARISON' WITH LAST YEAR. " . '•'■■. '-.::. Sept. 20, Sept. 22, ••• ••■ ." •;, • ■ . 1916. •• 1915. ' ' -- ; ••'' £ ■- '■■-£■ . Coin «jd bullion. . 52,800,000 51,028,000 Rtservo.notea and coin 87,056,000 35,920,000 Proportion of re*srv<J to liabilities : ' ."'.."' . 23.57 23.33 Votes ia'circulation'. 5o,0".' , . ) 000 54,203.000 Deposit liabilities 157,173,000 153,890,000 Government securities 42.188.000 25.682,000 Discounts and advances 96,103,000 125,267,000 BANK OP ENGLAND RATE. The Bank of England. discount

r»ta xvaa Ta-ised from 3 per cent to -1 per cent on July 80, 1914, to 8 per cent on July 31, and to 10 per cent on August 1, was. on August 6, lowered to 6 per cent, and on August 8, 1914, to 5 per cent, k% which it remained until July 13, lftlS, when it was raised to 6 per cent. MONEY MAKKET. Short loins ore quoted at 5 per cent, compared with i} per cent last week. At this dato last year the quotation was 4J per cent. Three mouths' billy are quoted at 5 9-16 per cent, compared with ol per cent last week. At this date last year the quotation waa 4 1-1 C per cent. WAR LOANS. The 3* per cent British war loan is quoted at £BS 10s, unchanged since last week. The 4J per cent British war loan is quoted at £9O Sis 6d, compared with £96,7s 6d last week. IMPERIAL CONSOLS. Imperial 2i per cent Consols are quoted at £6O ss, compared with £CO last week. At this date last year they were quoted at £65 0b 7&d. COLONIAL STOCKS. Tho following are quotations for colonial stocks, with prices- ruling last week: —

Wheat is dull and easier. CaTgoes e,ro obtainable at from Cd to Is cheaper. Flour is ouieter. Australian, 49s to 51s. "Visible supplies wheat total 84.935,000 bushels. . OATS. La Plata oats are not offering. PEAS AND BEANS. Bean 3 and peas are steady and unchanged. BUTTER. Butler is verv firm. Danish, 200 sto 204 b: Now Zealand, choicest ISSs to 190 s, unsalted 1925; Argentino 182 s to 184 s, unsulted 188 a. ] .' CHEESE. 1 Cheese is strong, but there is little, doing owin-r'. to the uncertainty concerning the Government's intentions. New Zealand, 104 s io 106 s; Canadian, 105 s to 106 s. The Government: is paying 107 s Cd c.i.f. for Canadian, immediate shipment. | . SUGAR. !. Sugar is unchanged. WOOL. There was a very poor selection of wool, and some withdrawals among tho faulties, though ccmoetition was a little better. There was a firm market for «11 good combing wools and crosK-breds at full late rates. The Bradford market was cheerful, and prices aro unchanged, though with a. hardening tendency. I SHARES. I . Waihi, 37s 6d to 88s. 3d. METALS. Copper.—On spot, £ll6 10s; forward, £ll4 Lead.—On spot,. £3O 10s: forward, £29 10s. Spelter.—On spot, £35; forward, £lB. Tin.—On spot, £172 13s Od; forward, £173 6s 3d. , . Silver.—32Jd per standnrd ounce.

Last Thi8 Week. Week. New Zealand 4 p,c, 1929 . 8&S m New Zealand 3J p.c, 1910 . 76* 76i New ■ Zealand 3 p.c., 1913 . 67 66J. N.S.W. 4 p.c., 1938 . S6J 86i; N.S.W. Si p.o., 1918 . . 95i 953 ! N.S.W. 8i p.c., 1920-30 . 74g 7-JJ N.S.W. 8 p.c, 1935 . . 714 72 Vic. 4 p.c, 1920 94i 94 Vic. Si, p.c, 1921-1920 . 85 j 85ft ' Vic 3J p.c, 1920-49 . 74 ■ 74 Vic 3 p.c, 1929-19 . 66 654 Queensland 4 p.c, 1915-25 . » 90i fiOi Queens:and 3J p.c, 1921-30 88 m Queensland 3 p.c, 1922-47 . 664 665 S. Australia 3i p.c, 1939 . 75i 75 S. Australia 3 p.c, 1916 62 61J W. Australia 34 p.c, 1915-35 76? 77 W. Australia 8 p.c, 1915-35 72 72 Tasmania 3$ p.c, 1920-40 . 71 74} Tasmania 3 p.c, 1920-40 . 67 .605 WHEAT AND FLOTJB.