COMMERCIAL ITEMS

Dominion, Volume 11, Issue 58, 1 December 1917, Page 12

COMMERCIAL ITEMS

Customs drfty collected at; the port of Wellington yesterday amounted to £3877 10s. 9d. BANK OF ENGLAND EETUBN. Australian-Now Zealand Cable Association. (llec. November .'3O, 9.40 p.m.). ■■'■'•''■ ' London, November 29. The Bank of England return issued for the week ended Wednesday, November 28, is,as undor:— .. / ISSDB.'DEPAnTjreNI. Note' Issue . £73.360,000 Gov. debt... £11,015,000 / Other securl-' ' ties ... ... 7,431,000 . 7 . Gold 61.031,001) £73.380.000 ' £73,330,000 .Banking Department. Proprietors' Gov. securlcapital ...£11,653,000 tios ... £38.815.000 Public de- Other secuviposits ... 41.526.000 ties 91.343,000 Other deposits ...122,743,000 Notes 30,303.030 Best, 7-dny and other bills ... 3,215.000 Coin ... ... 1.577.000 £183,037,000 £182,037.000 The leading items of the Bank of England return afford the following comparl'son:— ■ This week Last week laßt year Bullion ... ... 54.031.000 64,228.000 64.284.000 Itoserve ... 31.860,000 31.834.000 36.837.000 Koto Circulation 43.077.000 42,474.000 37.666.000 Public Deposits 41.626,000 42,176,000 801,437.000B 01 ,437.000 Other Deposits 122,743.000 122,596,000 109,269,000 Proportion of rcflotvosto liabilities 19.41 19.32 23.26 GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:—

MONET MARKET.' The Bank of England discount rate was on January 2, 1514, reduced from 5 to 4J per cent., on January 22 it was reduced to , 4 per oent.. and on January 28 J per cent. On July 30 the rate was rt'sed to 8 per cent, and on August 1 it was farther advanced to 10 per cent. On August 6 tho rate was reduced to 6 per c-nt., on Augußt 7 it waß further reduced to 5 per 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 3 it was further reduced to 5 per cent. ' OPEN MARKET RATES. , The open market discount rate- fur three months' hills is 4} per cent., ob compared with 4} per cent, last week, and 5 9-16 per cent, last year. Short loans are quoted at 41 per oent., as against 4J per cent, last week, and 5 per cent, last year.

COLONIAL AND OTHER PRODUCE. Sugar.—Unchanged. Butter.—None offering. The trade ;b eagerly awaiting distribution. It is generally expected that the Food Controller will be unable to allow the whole quantity applied for. Wheat—Quiet. Few cargoes are offering.' The small quantity offered is eagerly competed for at late ratos. Oats-Dull. r 1 Beans and Peas.—Firm; unchanged. • : ' THE METAL MARKETS. Copper, £110 ss! per ton. Tin.-Spot, £2SO ss. per ton; three months, £288 ss. '' Lead-Spot, £30 10s. per ton; three mouths, £29 10s. • Spelter.-Spot, £54 per ton; three n.entns, £50. Bar silver, 42Jd. per ounce standard. AUSTRALIAN "PRODUCE MARKET. By Telegraph-Press Association-Copyright • Melbourne, November 30. Barley, Ohevalier malting, 4s. 6d._ to 4s. Bd.;\Cape, 3b. to 3s. 4d. Oats, milling, 2s 9d ; feed, 2s. 7d. to 2s. 7Jd. Potatoes, £3 to £4 10s. Onions, £12 to £13.

Rtnnv This Last Btocl1 . Week Week 25% Imperial Consols £ s 0 ' d i j? 6 "„ % Si " ,Vf ar T Loan 03 W 6l 03 17 6 t , 85 0 0 85 0 0 4 „N.S.W.19M Jan-July Si 12 6 w 11 n 3i „ N.S.W. liarly Curr. , 0 i 0 o .70 10 0 ,*i "J, i0, , 1 „ 9 ??c J ? n -" J ? 1 T CB15 0 9412 6 3J „ Vic. 1921-6 Jan..July S5 10 0 B5 7 6 3J„Vio. 1920-1949; 69 17 6 70 0 0 3 „ Vic. 1929-49 Jan.-Jly 62 u o 6215 0 3J„S.A.1916Jan.-July 72 5 0 72 0 0 . 3 „ S.A. 1916 Jan.-July 67 H 6 57 3 8, 4 „ Q'l'd 1916-24 Jan.-Jly go 12 6. 0016 0 31 „ Q'l'dl922-47 Jari.-Jly S7 15 0 87 17 6 3 „ QTd 1922-47 Jan.-Jlj 62 12 6 62 7 6 4„N.Z.19291Iay-Nov. So 0 0 . 8417 6' 21 „N.Z. 1912-40 Jan.-Jly 73 5 0 73 6 0 3 „N.Z.1920April-Oct. 63 2 6 63 2 6 ' 31 „ WLA. 1916-35 Hy-Nv 72 17 6 73 0 0 3 „YT.A. 1915-35 My-NoY 69 0 0 68 6 0 31 „ Tag. 1920 Jan-July 72 10 0 72 10 0 3 „Tas 1920-40 Jan.-July 65 7 6 65 7 6