COMMERCIAL

Dominion, Volume 5, Issue 1324, 30 December 1911, Page 8

COMMERCIAL

BANK OP-ENGLAND RETURN. By Telegraph-Press Association-Copyright (Rec. December 20, 7.33 p.m.) / London, December 29. The Bank of England return issued for the- week ended Wednesday, December °7 is as under:— ' ~ ISSUE DepaKTMEX? -S«toliSß«... ££o,lSl,tK» Gov. debt ... £11,015,000 Other scenri tie* ... m 7,434.000. . &01a ». - 31.732,000 ■ . ££0,181.000 -*50,181.«!0 SUSBSa OEFiItntEST, Proprietors' Govt, securi- ■ -capita! £U,W,000 ties... ...'15.271000 Fubhodo- Other securi- ■' posits ... 16,331,000 ties... ... «ou ooa Otherdo- ~ . ' ■ posits ~.. IJ.7G-2.000 Notej „; "0,968 COO Best, 7-day ...and other '.bills... - 3,iM,000 Coin-. „, 707,000 £7e!8so.ooo - , maaeoo ; The leading items "of the." Bank of Ensland return afford tho following comparison:— , ■ •--•;- This weak LasSweok. last year r Bullion'..,- ... -31.732.0ai-33.T96.C00 '30.579,000 Reserve £1,605,1X30 Si.gOI.OOU 21.105,100 Note circulation 29.193.1XM 29.2E6.UM' 28,610,000 Public Deposit 3 19.a31.C«) 15,-207.0C0 11,708,000 Other Deposits 41,705,01X1 IO.OIDAW 44,255,000 Proportion of reserve- to • .;• liabilities ... , ;( 35.13 .:.,.,. «.0G ; . . 37,80 v:.'■ '.- ;; GOVERNMENT SECURITIES. ' [!> Thoriollowintr i are the-'- Intest '■' quotations for , Goyernment. securities, with a comparison of thoso ruling last week:— Variations — ; compaicd ~ , Prico. with .." " '■"»■■ ' ;•' last-week. -'JE • s. d. 24% Imperial Coasois 77 0 0 Uucban-ed i N..S."W.l933Jan..Jmy 103 0 0 Un^iged 34 ~N.5.W.1913iUr.-Sop. f8 10 0 UncnSe 4 ,\ic.]92a Jan.-July 101 0 0 Unchanged 3.j „ Vic. 1911-8 Jan.-July L'li 30 0 Unchanged 3 „ Vic. lliiaMOJan. July 84 a o Unchanged 3J..5.A. 1916' Jan. July 97 0 0 Unchanged 3 , S.A. 1910 Jan.-July to 10 0 Unchanged ■ ih „.QTdI9:U-ooJan..July i-ti 5 0 ill ;k lower 3 „QTdI9K-47Jan.Jiily ~1 io 0 Unchanged 4 „N.Z.l929May-.\ov. : 104 13 0 • tehmel 31 ...S.Z. 1910 Jan. July 90 15 o ss"'higlier .3 „N.Z. llMOApriMJct... tO.IO 0. Unchanged ! 2 i »J}> A-1 i;7?" iO JJ ay " XoT 1 510 ° -Uiiclmnecd i -■& „W.A,1910-3oM,iy-Nov th o 0 Unchanged xa ,'. Ins. l64oJun.July I'G 10 0 Unchanged 3 ..Tag.lSKO-jQ Jnn-Jnlyl ..t5 U 0 . Unchanged . BANK RATES OP DISCOUNT. The Bank of England rate was,' ofi Decomber 1, 1310, lowered from 5 to 41 per cent.: on January 27 it was lowered to 4 per cent., on February 16 to 3) per cent., and on March 9 to 3 per cent. On September 21 it was advanced to 4 per cent. ' Tho liauk of Franco rate was reduced from 3J to 3 per cent, on Januarv 23, 1953, and continued at tho latter' figure until September 21, 1911, when it was raised to 3} per ■ cent. i . The Imperial Bank of Germany reduced it 3 rate "from 5 to 4J per cent, on February 6, and on February 19 the rate, was further reduced to 4 per cent. On September 19 the rate was raised to 5 per cent.

. MARKET BATES OF DISCOTJNT. The following are the market rates for best threo months' bills:— . . London J?ari3 , Berlin ■. rate. rate. . rate, per cent, per cent, per cent. This week 31 3J • 43 ' ." Last week ...:.'.:..' 3U ', ■ 3i ' '45 ; • Last year :... 37-16-22 '4i .Short loans arc quoted' at 35 to 3J per cent., as compared with 33 per cent, last week, and 4J per. cent, last y:ur.

COLONIAL AND-OTHER PRODUCE. Wheat.—The markets are . quiet and very steady, owing to the renewed unfavourable reports as to the .weather, and the damage to the Argentina crop, which it is estimated has decreased from six to live million tons. Dry weather is also urgently required in France. I'or Australian sailer December-January shipment 365, 4Jd, is asked; 565. 3d. is asked for 13.CC0 quarters just shipped: 365. 4d. has been .bid for South Australian August shipment; 575.-9 d. and 38s. paid for Australian landed; aud 365. 3d. for IO.OCO quarters, sailer, December shipment. Flour.—The market, is steady and inactive at 255. 6d. ex store; and 245. 6d. e.i.f. to arrive. . ' Oats—The market is firm. La Plata, new crop, December shipment, 17e. 4id.; January, 16s. 9d. Cutter—The market generally is firmer. Danish. 1325. to 134; i.: choicest Australian, 1265. to 1285.; secondaries, 1225. to • 124*.; .choicest-.New Zealand,-130s. Unsalted hail been cleared. - , . Cheese.—The. market is firm at 70s. Sugar.is firm. German beet. 88 per cent., •net-litre, sixpence higher, at 15s. per cwt.; granulated, threepence higher, at 16s. lOd. - Bradford Tops.-Thc market shows a holiday tone, and prices aro unchanged. THE METAL MARKETS. Copper.—On spot, £63 13s. 9d. per tonthree months, £64 10a. per ton; electrolytic' £66 7s. 6d. ,pcr ton. Pig-iron, SC«. 9(1. per ton. Spelter, £26 15s. per ton. Customs duty collected at the port of Wellington yesterday amounted to 17s. 4d. ' Chick-rearing is not only profitable, but a pleasure, when you feed "A. and V." Chick Raiser. It is a complete and properly-blended food for Young Chicks. Obtainable from all storekeepers.—Advt. I Motor-cars running in America diiriii" 1912 will demand -1,000,000 pneumatic' tyres.