COMMERCIAL ITEMS

Dominion, Volume 11, Issue 81, 29 December 1917, Page 11

COMMERCIAL ITEMS

Onstome duty-collected at tlio port of . Wellington yesterday amounted ■to £3066 :' 14s. 6di ■••' ' . ;•.- e ■ AUSTRALIAN PRODUCE. MARKET. 8 By Telegraph—Press Association—Oopyright R . Sydney, Pecember 26. P Barley, Chevalier malting, 4a. 6(1. to is. l> 9d. per bushel; Cape, 3s. 2d. to 3s. 3d. Oats, i, Algerian, milling, 2e. s}d. to Z3. 6d.; feed, J 2b. 4d. to 2s. 6d. Potatoes, £2 10s. to £5 10a. per ton, Onions, £9 10s. to £10 per' ? ton. S AMERICAN WHEAT SUPPLY. ' Australian-New Zealand Cable Association. London, December 26. Advices' from Chicago roport the Amcri- • can visible wheat Bupply east of tho Kocky . Mountains as 27,314,000 bushels. ■BANK-OP ENGLAND BETUBN. 5 AUBtralian-New Zealand Cable Aesociation. i (Eeo. December 28, 11.30 p.m.) London, December 27. ' The Bank of Enelund return issued for >* the week ended Wednesday, December 26, ; is as under:— ■ . •■ ISSUB DSPAHTJIEKT. Koto Issue f15.EE0.000 Gov.debt... £ 11,015,000 Other seourl--3 . ties T. 434,000 1 Gold 67,131,000 . - , £75,580.003 . £75,650,000 j Bankimo Department. Proprietors' Gov. securi- " capital ...£14,553,000 ties. ... i 58.303.000 ! public tie- Otherßecurii pofiita ... 42,099,000 ties 94,880,000 Otherde- ' .posits ... 154.161.000 Kotee... ... 29,636,000 1 Best, 7-day i andothor . bills ... 3,223.000 Coin 1.208,000 1 •■■•'■ £184,036.000 1 Tho leading items of the Bank of England return afford tho following comparison:— ■ ■ This week Last week I/aat year £ £ £ Bullion 67.131.000 66,295,000 63,640.000 leeerve ... 30.844.000 80.985,000 33.070.003 Note Circulation 45,044,000 45.038.000 39,676,000 'llbllo Depoeitß .43.099,000 37,926.000 62,116.000 Other Depoeitß 121,161,000 129,128,000 126,727,000 Proportion ol reieraeto • liabilities : 18.66 18.66 18.40 ._■ .GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Gorernmont Sβourities in comparison with those riiling last ■

MONEY MABKET , " The Bank of England discount rate was on January 2, 1914, reduced from 5 to 4J per cent., on January 22 it was reduced to 4 tier cent., and on January 23 to 3 per oent. Oα July M the rate was ra'eed to 14 tier cent., on July 31 it was raised to 8 per cent., and on August 1 it was further adTanoed to 10 per cent. On August ■fr the rate ivaa reduced to 6 per cent., on August 7 it -waß further reduced to 6 per cent,, on July 13, 1916, it was raised to 6 per cent;.'on January 12, 1917, it waa reduced to El per cent., and on Auril 5 it ffaa further reduced to 5 per cent. OPEN MARKET KATES. ■ ■ '■' The , own market' discount reto for three . 'months'-bill* is-. 45 .per cent., as compared with 4} per cent. last week, and 69-16 por "short loans a'ro Quoted at. 41 per cent,, as against 4} per cent, last week, and 5 per cent, last year. • TBEASTJBY BILLS. The Bank of England has reduced the rates lor three .months and «ix months Treasury bills from Q to 4 por cent., WPaSy owta? to the unwieldy accumulation. It in stated that about £1,057,000,000 worth are in existence, and their sale is competing with tho war loan The reduction has surprised the money markot. The discount rates aro nominal. COIiOMAIi AND OTHER PRODUCE. ' Wheat and Breadetuffß.-Lifelcss; all nominally unchanged. Sugar.-TJnchanged.^ Butter.-Oleared. Controller has promised another distribution on January 8, the.proportion being dependent on the arrivals. V.THH METAL MAEKETS. Tin.-Spot, £202 ss. per ton; thfeo months. £295 Wβ. per ton. Bar''Silver.—433 per oi. standard. Other metals are unchanged.

„.„, IThls Last .. . ■ Bt01 *: Week WeBk WUraarial Consols £ 6i B j% &%% 5, ■• War Loan ra 7 6 83 S 0 31.. llTav Loan 85 0 o 8417 6 31 ,,ks.ff.1530-50 Mr.-$p m 3 6 W a 6 3l,,N.8.W. Early Ourr. 4 „T3o. l920J»n.-July 95 o o ons 0 3i,, Tie. 1921-6Jan.-jDiy si 5 0 84 5 0 .3j. 1 Vi0.»1949 6915 0 6912 6 3 ,,,Vic.l92$-«Ja.n.-Jly 61 0 0 Bl B 0 3i,,a.A.1916Jaa.-July 71 0 0 71 7 6 3 1/ 8,A. 1916 Jan.-Jw Eβ 0 0 5B 5 0 -I ;, QTd 1915-24 Jan.-Jly ; 89 0 0 £8 IS 0 3j,,lh'<ll»22.47Jen.-J]y 86 0 0 86 5 0 3 ,; QTd 1922-47 Jan.-Jb 61 5 0 61 5 0 4 ,,N.Z,lJZ9May-M>v. 85 2 6 85 2 6 3i,,N.Z.1912-«Jen.-Jly 7U7 6 7117 6 i. „ N.Z.lS20April-Oct. K) 0 0 68 0 O 3ii, W.K. 1915-35 My-Nr 7S 2 6 7217 6 3 ,,W.A. 1915-35 My-NOT 89 0 0 60 0 0 . 3J,, Twi. 1920 Jan-July 71 5 0 7110 0 3 ,,To,alW-40J«,n.-Julj U O C 64 0 0