COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2729, 25 March 1916, Page 8

COMMERCIAL ITEMS

BANK OF ENGLAND RETURN. " iy By Telegraph—PreES . Association—Copyright 1(1 ; (Bee. March 24, 8.50 p.m.) }° London, March 23. f . The Bank of England return issued for J the week ended Wednesday, March 15, is 0 as under:— : Issue Dkpariiient. • I,- Note Issue £73.541,000 .Gov. debt ... i 11,015.000 ■' : Other securities' 7.134,000 " Gold ; 65,092,000 £73,641,000, £73,541,009 . -BiSKKO DEPABIJIBKI. ■ Proprietors' ' •'' Gov.seouri- • , capital . .£14,553,000 ties... ... £33,839,000 . Public de- ' . Other securi-. posits ...' 50,216,000 ties... ... 00,274,000 !. Otherde- • • • r posits ... . 00,126,000 Notes... ... 40,637.000 Rest, 7-day ] nod other .. > bills ... 3,734,000 Coin ... ... 879.000 1 • i £164,629,000 . ■ • £164,629,000 The'leading items of . the Bank of Englana return afford the following compari- - ton■ ' ) ' . This week Last week Lastyear 1 Bullion -. ... 65,09-3.000 64,2i0,000 55.693,0C0 - Reserve-, ... 41.516,000' 40.666.000 41,533,000 l Noto Circulation 52.904.11U0 -32,012.000 34,165.000 I Public Deposits , -66.216.1*10 52.404,CC0 'fl-2.049.UC0 Other Deposits' S», 126.000 95,276.000 93.081,000 Proportion of > reserve to ' • liabilities .28.35 . 27.53 1 22.43 GOVERNMENT SECUEITIES. The following are the latest quotations 1 for Colonial Government securities in " comparison with those ruling last week ■ '■ . Variation ;. Btock - •' Prico . .«3 red - ■.. • . • ■ • last week. ' • £. 1. d. 1 85% Imperial Consols : 57 5 0 Unchanged ■ 3J „ War Loan 87 5 0 5s lower 4fi >i War Loan 96 15 0 Unchanged 4 ~N.5.W.1933Jan.-July '83 17 6 2/6 lower Jj . „N.5.W.1930-Eolfr.-Sp ■95 7 6 2/6 lower 34 „N.S-W- Early Cuvr 70 0 0 :6s higher 3 ..N.S. W. 1925A]>1..0ct 69 15 0 Unchanged 4 „Vic. 1920Jau.-July. ii4:o 0 5s higher 34 „Yic. 1931-6 .lan.-July 'S3 17 6 ' 12/6 higher 3 > „Vic. 19ifl-49Jan.-July 63 5. 0 15s higher 34 „S,A. 1916 Jan.-July : 72 0 0 17/6 lower 3 ~S.A. 1916 Jan.-July 53 0 0 12/6 higher 4 '„QTdl9ls-24 Jan.-July 89 12 6 7/6 higher 3i „QTdl92-2-47Jan.-July 85 10 0 sslowor 3 „Q'rdl92-2.37Jan.-July 62 12 .6 7/6 higher 3 "K.Z. 1929 ilay-Nov- "86 12 6 Unchanged 35 " N.Z. 1912-40 Jan.'Jly 72 . 2 6 7/6 lower 3 "N.Z. 1920 April-Oct 67 17 6 Unchanged, 3J '-W.A. 1915-35 Jl'y-N'v .75 5 0 . 15s higher 1 3 "W A. 1915-35 M'y-Nov 68 10 0 17/6 higeer 13% "Tas 19-20 Jnn-Jtily 71 10 0 17/6 higher 3 "Tas 1920-40 Jon-July 63 10 1) 80a higher

, i MONEY MARKET. " ; Tho Bank of Enjland disoount rate was on Jttnuary 2, 1914, rcdaccd from 5 to 4j ■per cent;, on January 22 it was reduced,to » p«r wnt,., and on January 28 3 per teni

On July 30 the rate was raised to 4 per oent., and on July 31 it was raisod to 8 per cent., and on August 1 It was further advanced to 10 per cent. On August 6 tlio rate was reduced to 6 per cent., on August 7 i ! t was further reduced to & per cent., at which rate It now Btands. . l'nc Hank of France rate is 5 per cent., as against 4 per cent, prior to the war. OPEN MABRET RATE. The open market discount rate for three months' bills is 5 1-16 per cent., as compared with 5 1-16 per cent, last week and 2i per cent, last year. Short loans are quoted at 45 per cent., as against 4?,- per cent, last week and 1 3-8 per cent, last year. COLONIAL AND OTHEK PRODUCE. Butter.—Dull, liigli prices checking demand. A little Australian is selling; the spot price lor choicest nominally salted is 154 si to 1565.; unealtod, 1565. to 1605.; secondary, 148s. to 1505.; Now Zealand, choicest ealted, 158s. to 1625.; unsalted, 1625. to 164b. Oheese.—Unchanged; rather easier tone, as delivery is improving; The Government is lending soldiers to fetch shipments I'rom the docks. Wheat.—Nominal, Pacific and Australian cargoes are not offering; sailers unable to gauge the position of the trade. Flour.—Easter. , Oats.—Dull. Bahia Blanca', on passage, 295. 3d. Beans.—Slow. New Zealand spring, 50s. to 525. Peas.—Dull. Now Zealand maples, 555. to 60s. Sugar—Unchanged. Wool.—Bradford tops, moderate inquiry; prices steady and unchanged. METAL MARKETS. Copper—Spot, £113 forward, £110 nominal. Tin, £197, £191 10a. Pig-iron, 83s. 3d. Lead, £35 2s. 6d., £35 7s. 6d. Silver.—Strong demand in India, China, Continent, and Home at 28id. per ounce i standard. |, SOUTHERN MARKETS, By Telegraph—Press Association, Chrlstchiirch, Maxell 24. The local wheat market is a little firmer. There -is Icsb offering, and growers are not so ready ,to accept the prices lately ruling, i Milling Tuscan is worth 4s. 2d. to 4s. 3d.; Hunter's, 45.-3d. to 4s. 4d.; and pearl, 4s. sd„ though a prime line of the latter "would probably bring a . penny more.. Oats are still, very dull of ealo and difficult to sell, except somewhat under- late rates... . There is still little business doing in ' potatoes, growers -waiting to see how the crop is going to tarn out. Customs duty, collected at the port of Wellington -yesterday amounted to £4347 Ct). sd.