COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2970, 6 January 1917, Page 10

COMMERCIAL ITEMS

Oiisloms duties collected nt the port ot Wellington yesterday amounted to £4053 sa. lOd.

SOTJTHEEN MAEKETS. By Telegraph—Press Association. Chrlstchurch, January 5. The -wheat market is.stiU hi tlie same position as before- tho holidays, and no busiiioss is expected to bo dono until it is definitely known what arrangements aro to-bo inado by tho Government for dealing with tho price of wheat and flour or commandeering- tho crop. A few farJ mors have offered wheat for eqlo, but tho ' prices offered them were not accepted. A [ few samples of new oats are being oft fei'cd, principally Algerians. Not much _ threshing of oats has yet been done, as - mills that are out aro chiefly engaged m threshing grass seed. For Algerians . 2s. 6d. and 2s. 9d. has been paid at, country stations according to quantity. A ■ fairly large nuantity of ryegrass, both I perennial and Italian, has been offered, . nnd tho quality varies very considerably, , ranging from prime heavy seed to very light. Prime- seed is selling at 3s. 6d. and ss. 9d. at country stations, and light seed * is not worth more than 2s. 6d. upwards. 6ome samples of mixed perennial and , Italian have also been submitted, but this class of -seed is practically unsaleable. The ryegrass crop is likely to ho the largest for some years past. The cocksfoot crop is now being cut on Banks Peninsula, and owing to want of rain to ■ fill the seed it is mostly very light. ' VICTORIAN PRODUCE ItAKKET.' Melbourne, January 5 Oats, milling, Algerian 2s. 3d. to 2s. 33d., feeding Is. lid. to 2s. Maize, 3s. 9d. Potatoes, £4 -10s. to £5 10s. Onions, £6 10s. to £7.—Press Association. ' LONDON WOOL SALES. (liec. January 6, 0.20 <um.) London, January 4. The wool sales have been resumed, when 8580 bales were offered, consisting of a miscellaneous selection. There was a good attendance, and good competition. All faulty crossbreds were in buyers' favour; good merino combings were conspicuously absent, faulty were slightly easier. Speculators' lots of free scoured wool found a strong market. ' BANK OP ENGLAND RETUKN. Australian-New Zealand Cable Association. "(Reo. January 5, 7.15 p.m.) London, January 4. The Bank of England return issued for the_ week ended Wednesday, January 3, is as under:— Issue DKr-AiratENT. Note Issue £71,984,000 Gov. debt ... i' 11,015,000 Other securities ... .... 7,434,000 Gold 63,535,000 i71.98i.000 ■• 471,981,000 BiNKIXO DEPJUITMEXT. Proprietors' Gov.securicapital iU,553,000 ties £63,188,000 Public de- Other seenriposlts ... 63,147,000 ties 98,789.000 Other deposits ... 117.358.000 Notes 31,089,000 Best, 7-day and other bills ... 3,401,000 Coin ; 1.433.000 £188,489,000 £188,469,000 The leading items of the Bank of England return afford the following comparieon :— This week Last week Lastyoar Bullion 53.535,000 62.840,000 60.0-n.OCO Kesorvo ... 58.613.000 33.079,000 34,358,000 Note Circulation 39,895.000 89,676,000 35,194.000 Public Deposits 63.147.000 52.116.000 68.157,000 Other Deposits ■ 117.388,000 126,727,000 105,836,000 Proportion ot reserves to liabilities ID.7G 18.49 20.95 GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last weeks-

Variation Stock _ . compared ~ Price. with last wenlt. 2i% Imperial Consols r_ B ; „ > 3i„ War Loan 55 I 2 Unchanged 4i„ Wax Loan gv* X Whanged ' 4 „ N.5.W.1933 Jan-July S 5" Ms higher 3J„a.8.WJ530-6011r.-Sp ™ „ n 2 °s higher 3i„N.S.W. Early Ourr. S' ' Unchanged 3 „N.5.W.1925Ap1.-Oct £I n hishcr ' 4 ..Yio. 1920 Jan.-July ™," ° 6s higher . 3i„ Vic. 1921-6 Jan.-July S,, J ° 9 7/6highor 31 „ Vic. 1920-1949 'n.I 5 '{fi OWCT 3 „ Vic. 1929-49 Jan.-Jly ,£" S flower 3} „6.A. 1916 Jan.-July ?f 2 S P n , ch angod 3 „5.A.1916J0,n.-July 67 fi 0 ?J,S wer 4 ..QTd 1916-24 Jan.-Jly 87 io o}o « L°, w f 3i„QTdl922-47 Jan.-Jly m , «'*' , 3 „QTd 1922-47 Jan.-Jlj b 5 0 ■ ™«'&T 3 ~Tas Jan-jjjj 65 0 0 IQsg" ! MONET ffiAEKET. ! The Bank of England discount raw was ' on January % 1914, reduced l'rom 6 to Ah per cent., on January 22 it was reduced to 4 per cent., and on January 23 3 per cent. On July 30 the rate was raised to 4 1 per cent., and on Jiuly 31 it was raised to , a per cent., and on August 1 it was fur- ! ther advanced to 10 per cent. On August ( 6 tho rate was reduced to 6 per cent., on , August 7 it was further reduced to 5 ner , cent,, on July 13, 1916, it was raised to 6 ] per cont. . ■ . OPEN MARKET BATES. ( The open market discount rate for three months' bills is 69-16 per cent., as com- c pared with, 6 9-16 per cent, last week and oi per cent, last year. Short loans are quoted at 4J per cent., i as against 5 per cent, last week and 4J I per cent, last year. • COLONIAL AND OTHEK PEODTJCE. l ,Whcat.-The market is firm, but lnac- c Uve. ( Hour is steady. Australian, ex store, t 595. 6d. to 60s. ■ Oats are firm. La Plata, none offering : Peas are strong and advancing. New i Zealand maples, IOOs. to 110s. Beans are firm and unchanged. I Butter is quiet. The high prices are 1 checking demand, and thero is a slight' downward tendency. Danish, about 218s •' New Zealand, choicest, 2065. to 2085.; unsalted, 210s. to 2125. Australian is practically cleared, , and the quotations are nominal. Salted, 2045. to 2065.; unsaltcd,

208s. to 2105.; Argentine, salted, 2045. to 2065. Cheeso is very firm. Canadian is Quoted • at 1365. Sugar.-Standard granulated, 41s. V!d. nor cwt. METAIi MAEKEHS. Copper.-Onspot, £133 15s. per tan; three months', £129 15s. Tin-On spot, £180 17s. 6d. per tonthree months', £182 12s. 6d. ' ' ' Lead—On spot, £30 10s. per ton; forward delivery, £29 10s. spot, £50 10s. per ton; for- ' ■ward delivery, £46 10s. Silver.—Bar silver is quoted at 36Jd. per ' ounco standard.—Aus.-N.Z. Gablo A'sra. MINING NEWS WAIEI BHABES. ■! (Eec. January 5, 7.15 p.m.) London, January 4. 1 Yesterday's quotations for "Waihi shares were: Buyers, 335. 3d.; sellers, 35s—AusN.Z. CaAlo Assn. EVERY STUMP REPRESENTS A I LOSS. i Most farmers realise that stumps cost money—many farmers fail to realise just how much they lose each year they allow their paddocks to remain partially ; stumped. First there's the breakage of i harness and shares, then there's loss of time, while finally there's loss in carry- > ing capacity. Measure up the area those ' stumps occupy in your paddock, and it , will surpriso you. Yet they can be re- , moved—Atlas Blasting Powder vill remove them cheaply, quickly, effectively 2 You owe it to yourself to investigate, c Pull information from Goldingham and Deckett, Ltd., Distributing Agents for 2 Wellington, Taranaki, and Wairarapa a or Atlas Powder Co., jervois Quay, Wei- •> lington.—Advt. i

Up-to-dato Cheeso Factory Managers' are unanimous in their pTaises concerning the famous Victor Vat. The new sloping bottom and middle drainage mako for a completo elimination of whey, and this efficiency is, reflected in bigger company dividends. Orders can only be delivered in rotation, so place your order NOW and be certain. Always pleased to supply details. A. J. PAR. TON, Sheet Metal and Plumbing Works, Pembroko Street, Carterton.—Advt.