COMMMERCIAL ITEMS

Dominion, Volume 9, Issue 2741, 8 April 1916, Page 8

COMMMERCIAL ITEMS

INVESTMENT ,SHAEES. . A sale of Golden Bay Cement sboA'o3 at . 218.. 2d. was made. on 'Change yesterday. The quotations were as under:— Buyers. Sellers. £ e. d. £ S.i Leylond-O'Brleii: 1 1.9 — TVtLrdl land Go. 517 .0 519 0. N.Z. Oonsol.. Dental ...... 10 9. — N.Z. -Drug ...: - 2 4 3 Shetland (ord.) 14 6 — Sharland (pref.)':.- .1 4 fi ■ >- 'WJ?.O;Aj (£5) ....' . 517 6 - VICTORIAN PRODUCE MARKET. '' By Telegraph—Press Association—Copyright Melbourne, April 7. Bran, '~ £4 lEs.; pollard, £5 55.; barley, Chevalier, 4s. 9d. to 6s.' 6d.; Duckhill, 4s. 2d. to 4s. sd.j Cape, 3s. to 3s. 2d.; feed, Is. Ltd. to 2s. Id.; potatoes, £5 to £5 lfls:; onions, £4 to £4 sa. . '■ * r ; . LONDON. WOOL SALES. Messrs. Dalgety and Co., litd., have reeled: the. following cablegram frfiin their London ■ of3co under date April 's:—"The following arrangements have been made in connection with tho wool •. sales Prompt date will be 21 days alter date of sali, and clearance 24 days. Notice to'terminate this agreement must be given by either side 14 days . before the opening • of, any , eeries. .This' aiTangement will hold good for the period of the war. The third series of sales /has- now been arranged to be held on . April 11 and April 19. ■ They will ba resumed on May 2, and continued until all 'catalogues are offered." ■ SOUTHERN MARKETS. By; Telegraph—Press Association. Christchurch, April 7. The wheat market shows little olrnngc. The tendency is rather towards firmness, especially Hunters and Pearl.. There is a . fair quantity of. wheat ; offering, but the demand for .Tuscan is not keen. Oat's aro dull of sale, and there is no change in prices. Oatsheaf chaff is in limited demand at £3 10si to £3 155. IIASJIIUM PRICES FOR PIG-IRON FIXED By Telegraph—Press Aseooiation—Copyright (Rcc. April 7, 8.40 p.m.) London, April 6. ■ The Ministry of Munitions has fixed the maximum prices of pig-iron for the vari. ous provinces in England. The prices aro based on the exiting abnormal cciditions. Customs duty collected at the port of Wellington yesterday amounted to - £3165 Os. 9d.

BANK OF ENGLAND RETURN. By Telegraph—Press Association—Copyright London, April 6. The .Bank of England return issued for the week ended Wednesday April 5, is as under :— Is/sue Depautztext. Note Isstio' £73,807,000 Gov. debt ... i 11,015,000 Other soonrities 7,434,000 Gold 55,448,000 dE73.597.000 £73,897,000 L BANKING DErAMHENT. ! Proprietors' Gov. socuricapital £14,553,C00 tics £39,169,000 , Public do- , Other securiJiosits ... 69:915,000 ties 96,130,000 1 Other deposits ... 67,749,000 Notes 40,0-22,000 Rest, 7-day , aud other ; bills ... .3,153,000 Coin 1.0-20X00 i £175,370,000 £175,370,000 | The leading, items of tbe Bank of Eng'end return afford the following compari- ' son:— , This week Lafst week Lnstyear Bullion ... ... 55.448.000 51,718.000 52.314,0C0 Besorve . ... 41.042,000 41.531.000 37,200,000 1 Noto Circulation 33.875,000 33,577,000 34,941.000 Public Deposits 69,015.0«) 57,064,000 105,270.000 Other Deposits 87,749.000 87,362,000 - 97.649,000 . Proportion of . I reservo to liabilities , 26.03 58.75' 18.36 . . GOVERNMENT SECURITIES. Tho following are tho latest quotations for Colonial Government securities in comparison with those ruling last week:— Variation Stock compared btOOK - Price. : with i_ last weok. £ e. d. Imperial Consols 67 0 0' s 6 lower ~ War Loan 87 2 6 5s higher ~ War Loan 96 12 6 2/6 lowor 1 „N.S,W.J933Jan.-July 8-1 2 G 7/6 higher 3i „N.5.W.1930-50J1r.-Sp 95 12 6 2/6 lower 34 „N.B.W. Early Curr 69 17 6 5s lower 3 . ~N.B. W. Apl.-Oct 70 5.0 5s higher 4 „Vic. 1920 Jan.-July 94 12 6 2(6 higher ■ 34 „Vic. 19-21-6 Jan.-July 61 3 6 2/6 higher 3 „Vic. 1929-49 Jan.'-July 63 35 0 10s lower 34 „B,A. 1916 Jan.-July 72 15 0 15s higher 3 ~S.A. 1916 Jan.-July 58 5 0 10s,higher 4 ( ,Q'l'd3ols-24 Jan.-July 9010 0 Unchanged 34 „Q , 1'd1912-47Jan.-July 86 17 6 12/6 higher 3 ..QTd 192:2-47 Jan.-July 63 5 0 10s higher 3 "N.Z. 3929 ilay-Nov. 65 15 0 25s lower 34 ' N.Z- 1912-40 Jan.Jly 72 7 6 Unchanged 3; "N.Z. 1920 April-Oct- 63 12 6 7/6 higher 34 *'W.A. 1915-35M'y-N'v 73 15 0 25slower 8 "W A, 1915-35 M'y-Nov 69 6 0 2/6 higher •34 "Tas 1920 Jan-July 72 50 ' 2/6 lower 3 'Tas 102Q.40 Jan-Jnly 63 10 0 .Unohanged . MONEY MABKET. The Bank of England discount rate was on January 2, 1914, reduced from 5 to 44 per cent,, on January 22 it was reduced to 4 per cent., and on January 28 -3 per. cent. On J-uly 30 the rate was raised jto 4 per cent., and on July 31 it was raised to 8 per cent., and on August :1 ; it was further advanced to 10 per cent. On August 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to 5 per cent., at which rate it now stands. The Bank of Fro nee rate is 5 per'cent., as against 4 per cent, prior to the war. OPEN'MARKET BATE. Tho open market discount rate for three months' bills is'4B per cent., as compared with 48 per cent, last week and 31 per cent, tost year. . Shorty loans ore quoted at 4J -per cent;, as ajpainst 4} per cent, last week and 13 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat.—MaTket firm and quiet. Now South Wales, about to load, 655. Flour—Market firm, witih an upward tendency. Oats.—Firm. BmTro Blenca, on passage, SOs. 3d. Beans and Peas.—Maiket inactive ana tending easier. The butter market is steady and quiet. Danish, 1745.; Australian, ehoicost salted, 1565. to 1585.; unsalted, 1605.; New Zealand. 1625. to 164s Cheese—Firm. New Zealand, 103s. to - 104s : :Sugar—American granulated, 41s. 74d. Bradford Tops.—Tho market i's fairly steady, with good lnutry. Prices realises 41{d„ ,405 d., 39Jd., 31d„ 28d., and 26d.. ... METAL ■ MARKETS. Copper.—Cash,' £116 10s. to £117. Electrolytic, £134 to £136. Tin.—On the spot, £201 to £2fll 10s.; three months, £195 10s. to £196. Lead, £32 17s. 6d. to £33 2s. 6d. Spelter, £93.and £83. Bar silver -is quoted at 29 7-16 d. per , ounce standard. ' ARGENTINE MEAT. . . Argentine shipments of mutton totalled .77,000. carcasses; lamb, 43,000 carcasees; frozen beef, 313 quarters; chilled, 93. MINING NEWS "'WELLINGTON -SHAKE MARKET. Yesterday's mining quotations were, as follow 1— 1 Buyers. -. Sellers, £ s. d. £' s. d. Success Drodge — 110 «0 Talisman 0 11 — Waihi 115 0 . — i . LONDON MINING QUOTATIONS. By Telegraph—Press Association—Copyright London, April 6. Stock ■ (and ; share market quotations in-, chide:—Broken Hill British, 275. 6d. and 28s. 61I.: Broken Hill North, 475. and 485.; Broken Hill South, 1565. 3d. and 158s. 9d.; Hampden-Oloncurry, 41s. and 425. STOCK EXCHANGE. . . ; By Telegraph—Press. Association. Dunedin, April 7. Sale:—Union Steam, 295„ three parcels.