COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3012, 24 February 1917, Page 12

COMMERCIAL ITEMS

INVESTMENT SHARES. Yesterday's.' quotations for ' investment : shares were as follow:— '. Buyers. Sejlers. i £ s. d. £ s. d. ' Bank N.S.W .35 0 0 — i Bank N.Z. (£3 6s. 8d.)... 11 0 0 - ! Union Bank 5110 0 — Well. Invest. T. and A.... 0 11 0 — Well. Trust, Loan, Ltd.... 613 6 614 6 Well. Oas (£l3) - 14 7 6 tN.Z. Insurance 7 3 6 — 8. British Insurance 5 8 0' — Well. Meat Export (£5)... 6 5 0 — Well. Meat Export, (£2 12s. 6d.) - 3 6 0 Union Steam (crd.) 2 0 6 — Huddart-Parkor (ord.) 15 6 — Weipii Oofll .'.> 0 18 (J - N.Z. Drug; — 2 8 9 Gslclwi Bay Cement ..... — 110 Wilton's Cement lord.) 14 9 — ' tEi div. SOUTHEBN MAEKETS. By Telegraph—l'ivss Associsvtiliß. . Chrlstohurch, February 23. Wheat continues lo Jw offered by growers, and. millers axe scouring all the suitable Hues up to the Government prices, and very little is to be obtniped at below the maximum rates. The slowness with which thi'aohing is being, carried on is to Home extent solving vlie que6tton of who is to find the neceSEary storage for wheat under the fixed price system. There it a keen demand for cala to i'over tin- /orwxrd saio;s. for delivery in the next two months, and prices have advanced on account of the scarcity of offerings, tip to 3s.'at.,country stations, can bo obtained for prime samples of either whito of coloured varieties. Growers who havo lines of oats arc not ready for sellers even at- the increased prices. There lis a fair demand for oatsheaf chaff at £3 ss. to £J 10s. for immediate delivery. A few sales oi potatoes for delivery next month are being made at £4 15s. to £5 per ton. It is reported that the warm, inoist weather that followed the recent coiri anap has developed blight in some of the crops, but to what extent the values will be affected cannot yet bo ascertained. Ryegrass ic still meeting with a good inquiry, but offerings arc still rather scarce.

BANK OF ENGLAND RETURN. (Reb. February 23, 7.10 p.m.) London, February 22. The Bank of England return issued for tlie week ended Wednesday, February 21, is as under:— I.sstjf. Department. Vote Issue £72,571,000 Gov. debt ... £11,015,000 , Other securities 7,434,000 Gold 61,122,000 £72,571,000 i-72.571.000 Banking Department. Proprietors' Gov. securioapilal £14,553,000 tics £54,932,000 Public de- Other securiposits ... 48,836,000 ties 93,215,000 Other deposits ... 146,828,000 Soles 34,005.000 Best, 7-a«.y and other bills ... 3,532.000 Coin 3.597.000 £213,749,000 . £213,749,000 The leading items of the Bank of England return afford the following comparison:— Thi6 week Last week Lastyear Bullion ... . ... 54.122.000 55.603.000 54.216,000 Reserve ... 35,602.000 36.141.000 40.930,000 Note Circulation 38,666.000 39,451,000 32,608,000 Public Deposits 48,835,000 51,923,000 52.620.000 Other Deposits 146.828.000 145,157.000 96.394,000 Proportion of reserves to liabilities 18.19 18.33 27.46 GOVERNMENT SECURITIES. , The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:— ' si not This Last SloCk / Week Week 2iX Imperial Consols j* s: „ l \ ■ £ jjj % ii,. War Loan 84 7 6 E6 10 0 41 „ War Loan 69 17 6 99 17 6 4 „N.5.W.19J3 Jan-July 70 5 6 79 0 0 3J..N.5.W. Early Ourr 66 15 „ 6517 6 3 , » PTo^ 9 ? 5 Ap f"? ct 671 » » «" ,Ji! 6 L"V 0 -iWir n - J^ y , 9212 6 02:10 ° 31 „ Vic. 1921-6 Jan.-July an 17 s 81 0 n 31 „ Vic. 1920-1949 67 17 6 67 15 0 3 „»y i ! ! -}?5!i?' Ja H ly fi »« e mis 0 3J ;,S.A. 1916 Jan.-July 70 0 0 70 6 0 3 „S.A. 1916 Jan .-July 51; 5 0 70 0 0 4 „QTd.1915-24 Jan.-Jly 86 2 6 86 0 0 31 „ QTdl922-47 Jan.-Jly 83 IB 0 83 15 0 3 „ QTd 1922-47 Jan.-Jlj 60 15 0 60 IS 0 4 „ N.Z. 1929 May-Nov. 82 -0 0 8115 0 31 „ N.Z. 1912-40 Jan.-Jly 69 15 0 89 15 0 3 „ N.Z. 1920 April-Oct. 6112 6 61 5 0 3J „ W.A. 1915-35 My-Nv 75 0 0 74 16 0 3 „ W.A. 191545 My-NoT 70 2 6 70 0 0 ■31 „ Tas. 1920 Jan-July 6910 0 69 10 0 3 „Tas 1920-40 Jan.-July 63 0 0 63 0 0 MONEY MARKET. The Bank of England discount was on January 2,' 1914, reduced from.s to 41 1 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 per cent.,' and on July 31 it was raised to 8 per cent., and on Augußt 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 tu 5 per cent., on July 13, 1916, it was raised to 6 per cent. , OPEN MAKKET RATES. The open market discount rate for three months' bills is s',- nor cent., ap compared with 5 1-16 per cent last week and 61 per cent, last year. Short loans are quoted at 5 per cent., aB against 45 per cent, last week and 41 per cent, last rear. MONEY MARKET. The Bank of England discount rate was on January 2, 194.4, reduced from 5 to 41 per cent., on January 22 it was reduced to 4 per cent., and on January 23 3 per cent. On July 30 tho rate was raised to 4 per cent., and on July 31 it was raised to 8 per cent., and .on August' 1 it was furthor 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 per cent., on July 13, 1916, it was raised to 6 per cent. . • OPEN MONEY RATES. The open market discount rate for three months' bills is 5 3-16 per cent., as compared with 5j per cent, last week and 51 per cent, last year. Short loons are quoted at 5 per cent., as against 5 per- cont. last week and 4i per cent, last year. COLONIAL AND OTHER PRODUCE. Butter!— Four Australian steamers, with 145,000 boxes, and two New, Zealand steamers, with 72,000 boxes, have arrived. m London, and several others are close at hand, but prices are well maintained, owing to alow discharge. Australian, choicest, 214b., 2T65.; exceptional, 2185., 2205.: secondary, 2085., 210s. New Zealand choicest, 2245., 2265.; secondary, 2205.; ealted about 2s. above unsalted, owing to the demand for northern markets, which are bare of Danish. Ohoese.-Yery strong demand, .but little availablei Canadian, nominally is about 160s. „ ■ ' Wheat-Parcels are firm. Flour—Prime Australian patents, 625. 6d. Oats.—Firm. La Plata..'nonc offering. Peas and beans—Soarce, prices firm. ■New Zealand supplies are exhausted. Sugar.—Tfnohanged. THE METAL MARKETS. Oopper.-Spot, £139 per ton; threo months, £137. Tin.-£197 7s. 6d. per ton. > Lead—£3o 10s. per ton. Spelter.-Spot, £56 155.; three months, Bar 9-16 d. per pz. standard, LONDON SHARE MARKET. By Telegraph-Press Association-Copyright (Rec. February 23, 7.10 p.m.! London, February 22. Waihi, 345., 355. Customs duties collected at the port of Wellington yesterday amounted to £3066 Is. sd. j MINING NEWS WELLINGTON SHARE-MARKET. .- There was only one quotation for mining shares yesterday, as under:.— Buyers. Sellers. £ s. d. £ s. d. Talisman — 0 8 9