COMMERCIAL.

Evening Star, Issue 16237, 5 October 1916, Page 1

COMMERCIAL.

MONEY MARKET. FRESH LOAN ISSUES DEPRESS OLD SECURITIES. Press Association—By Telegraph—Copyright, Australian and N.Z. Cable Association. LONDON, October 3. The depression in gilt-edged stocks, owing to the issue of Exchequer 6 per cent, bonds, has been, increased by the news that part of the French war loan is to bo oiferod in London. Thor© is no great pressure to sell, but all are being marked down. Consols are at £59; war loans—oi per cent, £BS j 4 per cent., £93 ss. _ Following are the quotations for colonial stocks, compared with those for tho previous Thursday : Victorian 4‘s 94 95$ Victorian 3£’s 85| 84$ Victorian o-j’s* 74 72 ' Victorian 3A ... 65J- 63 New ifoulh Wales 4’s ... 85$ 833Now South Wales Si’s ... 95$ 95A New South Wales 3’s ... 71 70| New South Wales s,l’sf 73$ 71$ Queensland 4’s ... . ‘ ... 90A 89 Queensland Z!/s 88£ 861 Queensland. s’s ... 65 66-1-South Australian ol’s ... 74$ 75" South Australian SV, ... 61f 58 Now Zealand 4’sff ... 88$ 86$ Now Zealand ops 75$ 73$ New Zealand 3’s 65 6l| Tasmanian 3,Vs 74 -73 Tasmanian 3’s 66- 66 West Australian ss’sf + 77 75 . West Australian 3’s ... 72 70 ”1929-40 currency. ' 1T920-30 currency. ' ttEx div. Bank shares realised : Australasia, £ll6 30a; Now South Wales. £36 6s j Union, £55; National of Now Zealand, £4 19s 6s :_Ncw Zealand (old), £lO 12s 6d. New Zealand Loan and Mercantile Agency Company debentures (ex div.l, ordinary', £BB. , ' BRITAIN’S FINANCES. . REVENUE FROM TAXATION. Press Association—By Telegraph—Copyright. Australian and N.Z, Cable Association. LONDON, October 4. The revenue for the year was £319,355,000, as compared with £213,595,500 last year. The income tax lias risen by £69,274,000. Iho Government are bearing the whole cost ot the recent war bonus granted to railwayman. ’ iho Times ’ states that tho colonial income tax relief on the maximum of‘la 6d in the £ is affecting only incomes paying the English tax of 42d upwards, TEE .MARKETS. Press Association—By Telegraph-Copyright. Australian and N.Z. Cable Association, LONDON, October 3. Tj 11. —Stock. 17,953 tons; spot, 3,012 tons; afloat, 5,290 tons; deliveries, 1,524 tons. Wheat.—Firm. Cargoes, 6d to Is dearer. Latest reports indicate the proliaNlly Wat. hum Argentinaifrd ) (,■ 1. •• be; considerably beuiw expc-ctatiwai-rT -ftusing- a shortage of r,applies in the luaj year.