COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3185, 8 September 1917, Page 10

COMMERCIAL ITEMS

MONEY MAIIKET. The Bank of Eneland discount rate was on January 2. 1914. reduced from 5 to 41 per cent., on January 22 it waa reduced to 4 per cent., and on January 28 3 per cent. On July 30 the rate was raised to 4 per cent., aud on July 31 It was raised tc 8 ner cent., and on August 1 it wae further advanced to 10 tier cent. On August 6 the rate mae reduced to 6 per cent., on August 7 it was further reduced to 5 Dor cent., on July 13, 1916. it was raised to 6 per cent., on January 12, 1917, it was reduced to 5J per cent., -and on April 5 it waa further reduced to 5 per cent. . OPEN MARKET KATISB. The open-market discount rate for three months' bills at 43 ner cent., as compared with 43 per cent, last week and 5| per cent. laet year. . Short loans aro quoted at 41 per cent, as against 4} per cent, last week and 4J per cent, last year. COMMONWEALTH LOAN SCRIP. Commonwealth loan scrip is emoted at three-sixteenths discount. COLONIAL AND OTHER PRODUCE. Wheat and Hour.—Business is at a standstill, pending the operation of tho Commission's now prices on September 17. Oats, Peas, and Beans.—Firm,' but inactive. Sugar.—Unchanged , . Butter.—There is a great scarcity, but prices are mostly unchanged. Danish is nominally at 3005.. but little is- beiriK shipped from Denmark, the bulk of it being consumed locally, owing to tho shortage of margcrine. THE METAL MARKETS. Tin.-'Spot.—J32W 17s. 6d.: three months, £240 ft. 6d. Stocks. 20.678 tons; spot. 3804 tons; afloat. 4973 tons; deliveries, 1027 tons. Bar silver, 48Jd. per onnco standard. Other metals are unchanged. BANK OP AUSTRALASIA. Australian-New Zcnln-nd Ciililn Association. . Otec. September 7, 8.20 p.m.) London, September 6. The Bank of Australasia lias declared a dividend of 14 per cent., and a bonus of 12s. per share. Tho sum of £35,000 lias been added to the reserve, and £122,869 has heen carried forward. VICTORIAN PRODUCE MARKET. By Telegraph—Press Association—Copyright Melbourne September 7. Barley, Chevalier, nialtinir, 4s. 6d. to 4s. 7?.< li; Cape, 3s. 2d. to 3s. 3jd. Oats, Algerians, milling, 2s. 6d. to 2s. 7}<!.; feed. 2s. 3d. to 2s. i>4. Potatoes, £3 15s. to £5 ss. Onions, £12 to £12 10s. ;

INVESTMENT SHAKES. Tcsterday's quotations for inrcstment shares were as follow:— Buyers. Soller.i. £ s. d. £ b. d. Bank N.Z. (now) 17 10 0 - Bank N.Z. (new) 17 10 0 - Metropolitan Building ... — U JO 0 Well. Investment — 011 9 National Insurance 2 17 0 — S.B. Insurance , — »» J Huddart-Parker lord.) ... - 1 14 0 Well. Woollen (ord.) - 615 0 Golden Bay Cement — 10 0 Customs duties collected at tie port of Wellington yesterday amounted to £1578 9s. lid. BANK OF ENGLAND RETURN. (Australian-New Zealand Cable Association.) (Eec. September 7, 8.20 p.m.) London, September 6. The Bank of England return issued for the week ended Wednesday, September 5, is as under:— ISSCE DEPARTMENT. Note Issue £70.277,000 Gov. dobt... £11,015,000 Other neciiri- ■ ties 7.434,000 Gold. ...... G1.82T.000 i70.!77.OO0 £70,277,000 Banking Department. Proprietors' v Gov. securicapital £14,453,000 Hes =£57,791,000 Public de- Othor seeurlpositB ... 44,062,000 ties 97,730.000, Other do- • fe posits ...124,977,000 Notes... ... 29,607,000 Best, 7-day and other ' bills ... 3,600.000 Coin 5.461.000 £187,692,000 £187,593.000 The leading items of the Bank of England return afford the following campanson :— This week Lastwoek last year £ £ £ Bullion- 61,623.000 51.824.000 53,560.000 Deserve ... 32.06S.000 32.247,000 37,528.000 Note Circulation 40.670.000 40,407.000 36.374.000 Public Deposits 44,462,000 46,526.000 52.213,000 Othor Deposits 124.977.000 131.004.000 105.094.000 Proportion of Inabilities 18.82 18.21 23.B5 GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last.week:—. «•* . W h eel " A ,.H.&.\V.mi Jan-July 87 10 0 W 10 0 3i,,N.S.W.193O-5OMr.-!Jp » J 52 ]l S J4,. N.S.W. Early Ourr. »' « " "n ? fi 3 „ N.S.W. 1925 Apl.-Oct f. = J l n ,l n 4 .Vic. 1920Jan.-July J? » » ™ ° " 31,, Vic. 1921-6 Jan.-July Jj \ B . JJ }° 2 3i „ Vic. 1920-1949 * 2J }2 2 3 „ Vic. 1929-45 Jan.-Jly ™ ,°, ° l\ ° 2 JJ,;s.A. 1916 Jan.-July f.i }S S fg S « 3 „ S.A. 1916 Jau.-July It }X 1? in B 4 ,:QTd 1915-24 Jan,Jly & 5 0 00 5 0 3i.,(JTdl922-«Jan.-JIy =710 0 87 10 0 3 ,.QTd 1922-47 Jan,Jlj § 10 0 2 ° 0 4 ,,N.Z.1929May-Nov. % I 2, g J 31 ,,N.Z. 1912-40 Jan.-Jh ,J ,, S ?i 7 « J „ N.Z. 1920 April-Oct. 63 0 0 64 0 0 31 „ W.A. 1915-35 My-Nv ?< 0 0 74 7 B 3 „ W.A. 1915-35 My-Nov 60 15 0 69 0 0 31 „ Tas. 1920 Jan-July 72 10 0 72 5 0 3 „ Tas 1920-10 Jan.-Julj 65 0 0 65 a 6