COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2982, 20 January 1917, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's Quotations for investment shares were 06 follow:— Buyers. Sellers. £ s. d. £ s. d. Bank N.Z. (£3 6s. Bd.) ... 11 0 0 — Well. Invest. T. and A. .. — 010 6 •Well. Trust Loan Ltd. — 617 6 Well. Gas (£10) — 15 2 6 Well. Gas (pref.) 0 18 ,3 0 19 0 S. British Insurance ... 5 2 '0 — Gear Meat (£4) 18 0 0 ' — Gear Meat (£1) 410 0 — Well. Meat Export (£5)... 6 5 0 — Union Steam (ord.) 2 10 — Union Steam (pref.) 10 3 — ICaiapoi Woollen (pref.)... 6 0 0 — Well. Woollen (pref.) ...I. 3 15 0 -4 Waipa Coal 17 6 —5-Leyland-O'Brien 12 9 —' 0. M. Banks — 14 0 Wilson's Cement (pref.)... 14 0 — f Cum Div. _Chistoms duties collected at the' uort of Wellington: yesterday amounted to £3544 9s. Ud.

SOUTHERN 3IARKETS. By Telegraph—Press Association. Christchurch, January 19. There is nothing fresh to report in connection "with the wheat market, pending 1 the Government's decision regarding tli© disposal-of the crop. No sales are taking placer but a few lines arc being taken into store,- the question of price -being reserved for future arrangements, and there is little business doing in oats, - as the prices asked, arc generally boyond buyers' limits. There is ,practically no change in the grass seed market for good samples, but of light seed for which thero is no demand arc large. LONDON WOOL SALES. Messrs. Dalgety and Company, Limited, beg to advise having received the following cablegram from their London office, under date of Janyary 17:—"The/ wool sales, as compared with the December series, dosed firm at opening rates. Good greasy and combing merinos, par to 5 per cent, higher; all other sorts. 5 to 10 per cent, lower. Inferior wool, very irregular."

SHEEPSKIN'S SALE. (Hec. January 19. 8.15 p.m.) m , . , . London, January 18. The sheepskins salo fixed for to-day has been postponed.—Aus.-N.Z. Cable Assn. UNION STEAM SHAKES. (Eec. January 19. 8.15 p.m.) . London, January-18. Union Steam shares, middle price, 41s.—. Aus.-N.Z. Cable, Assn. VICTORIAN PRODUCE MARKET. By Telegraph-Presß Association-Copyright Melbourne, January 19. Oats, milling, 2s. 3d.. 2s. 31d.; feed. 2s. Id.. 2s. 3d.; maize, 3s. 9d.; potatoes. £3 to £6; onions, £9 to £9 106. . BANK OF ENGLAND RETURN. (Rec. January 19, 8.15. p.m.) ■ London, January 18. The Bank,of England return issued for the weeki ended Wednesday January 17, is as under:— Issue Department. Note Issue £73,178.000 Gov. debt ... £11,016,000 Other'eecurities 7,434,000 Gold 54,729,000 £73.178.000 £73,178,000 Bashing Department. Proprietors' Gov. securicapital i 14.553.000 ties £37,302,000 Public de- Othersecuriposits ... 51,325,000 ' ties 133,833,000 Other deposits ...137,699,000 Notes 34,346,000 Beßfc, 7-day and other bills ... 3.432,000 Coin 1.368.000 £207.009,000 The leading items of the Bank of England return afford the following comparison:— This week Last week Lastyear £ £ £ Bullion 54.729.000 54,045.000 50.936,000 5 e ? or I? , 35,734,000 . 34,898,000 35.708.000 Note Circulation 38,632,000 59.017.000 33,910,000 Public Deposits 61,325.000 49.520.000 59.474,000 Other Deposits 137,699.000 130,246,000 100,782,000 Proportion of reserves to liabilities 18.90 19.41 22.28 GOVERNMENT SECURITIES. Tho following are the latest quotations for Consols and. Colonial Government Securities in comparison with, those ruling last week:—

HONEY MAEK'ET. . The Bank of England discount rat® was on January 2 1914, reduced from 5 to 41 per cent., on January 22 it was reduced to 4 per cent., and on January 23 3 per Jh" J rat< \'«' as raised to '4 pel cent., and on July 31 it was raised to 8 per cent., and on Antiust 1 it was further advanced to 10 per cent. On August 6 the rato iras reduced to 6 per cent., on AnrusK7 it was further reduccd to 5 per Jiercm. 713, m - tt wns OPEN JtABKET KATES, Th S discount rate lor three mojit-Us bill is 5 1-16 per cent., as compared ? 5 01 ' <:ellL last and per cent. Jast year. Short loans arc quoted at, 43 per cent. ? ® I)et ' ccllt - last week and 4 15-16 per cent, last year. COLONIAL AND OTHER PRODUCE. Butter—Danish is scarce and the price' IL Tll o quotation is 2205. to 2225.; colonial is easier owing to large quantities being due. Australian salted, 19<te. to 1965.; uncalled, 1965. to 1985.; secon- 1 oS ry 'x i 0 IS2e ', : ■ Now Zea ' ai id Choicest, 200s. to 2045.; unsalted, 201s. to 2065.- Areontine, 1925. to 1945. Ohceso is very iirin. Canadian, 138s. to 140s. Bradford Tops.—The market is quiet and generally weaker. Sixtp-fours, 70d.; cAper sixties. 69(1.; common sixties. 63d.; flftyeixes, 52d.; fifties, 43d.; forty-sixes, 355.; fortios, 32d. Wheat—The market is quiet. ■ Flour is tending upwards. Australian patento, 595. to 595. 6d. Oats are firm. La- Plata, ex ship, 48s 6d. to 495. Peas and Beans arc' qu'ict and unchanged. Sugar is unchanged.

METAL MARKETS. Oopper 011 spot, £130 ss. nor 1/wi: three months, £126 55.; cleutrolytie, ;M39 10s. Tin.'on spot. £188 7s. 6(1. per ton; threo months, £189 2s. 6(1. Lead. soft foreicn. on spot. £30 lte. per ton; forward delivery. £29 10s. Spelter, on spot, £51 per ton; forward delivery, £46. ' Silver.—liar silver is uiioteil at 36Jd. per ouneo standard.—Aiie.-N./i.- Cable iVssn.

Variation Stock compared Price. with last week. 21% Imperial CohsoIb f, . s „ a ; 3J,.WarIioan ;3 „ 9 10s lower 4iWar Loan i! * l'/6 lower 4 „ N.S.W.1933 Jan-July S? 11 £ 7/6 higher 3J » N .S.W.1930-50 Mr.-Sp £2 }2 2 47/6 lower 3J „ N.S.W. Early Ourr* £ 2 Unchanged 5 „ N.S.W. 1925 Apl.-Oct 2 1Gb lower 4 „ Vic. 1920 Jan.-July K J2 9 l5slowor Vic. 1921-6 Jail..July „ \l 2 2/6 lower ■ 3}„ Vic. 1920-1949 Si " 5 2/6 lower 3 „ Vic. 1929-49 Jftn.-Jly I,,' S S3 lower 3J „ S.A. 1916 Jan.-July °} *2 2 I 1 !? e 1 . <roor 3 „ B.A. 1916 Jan.-July 11 ° 2 W '°wer 4 „QTd 1915-24 Jan.-Jly 2 Js lower ii „ QTdl922-47 Jan.-Jly 2S 2 JS?, 1 , 01 ™' 3 „QTd 1922-47 Jan.-Jlj 52 ™ S Jg/t. I°wer 4 „ N.Z. 1929 Uay-Nov. « 0 § S i° wer 35 „N.Z. 1912-40 Jan.-Jly f 3 § § S5a ower «W 0 13/6 low 3TaSK T S 0 0 ?"^ 0T 70 0 0 Cs higher 0$ „ las. 1920 Jan-July 70 20 0 in* i flww . 3 „ Tas 1920-40 Jan.-July ,65 10 0 .IPs higher