COMMERCIAL.

Lyttelton Times, Volume CXVII, Issue 17335, 25 November 1916, Page 3

COMMERCIAL.

LOHDOH MAIKET3. By Telegraph.—Press Association.— Copyright. ' Australian and N.Z. Cable Association. (Reoeived November 24, 9.40 p.m.) LONDON, November 2il. BANK OF ENGLAND RETURNS. Tho Bunk of England returns for the week ended Wednesday, November 22, are as follow: — ISSUE DEPARTMENT. £ , £ Notes in cir- Government culation . 36,920,000 debt • 11,015.000 Notes in re- ' Other «e----serve . 36,152,000 curities . 7,480,000 Gold coin and bullion . 54,572,000 Authorised £73,072,000 circulation .£73,072,000 BANKING DEPARTMENT. Proprietors* ' Government capital . 11,553,000 securities 42,188,01X1 Public de- Other seciiposits . 65,680.000 rities adOthor de- varices) . 98,634,000 posits .106,418,000 Notes in reRest, 7.Jay i*m ■»»«» and other ' Coin . • J ,786,000 bills . 6.209,001) £178,760,000 £178,760,000 Nov. 22, Nov. 25, 1916. IMS. £ £ Coin and bullion . 54,572,000 62,294,000 Reserve . . . 37,938,000 37,605,000 Proportion of reserve to liabilities . . 25.56 27.49 Notes in circulation . 36.920,000 33,890,000 Deposit liabilities . 100,998,000 138,798,000 Government securities 42,183,000 18,895,000 Discounts and advances 98,634,00.7 98,116,000 ■ BANK OF ENGLAND RATE. The Bank of England discount Tato was raised from 2 per cent to 4 per cent on July 30. 1914, to fl per cent on July-31, and to 10 per cent on August 1; was on August 0 lowered to (> per cent, and on August 8, 1914. to 5 per cent, at which it remained until July 13, 1916. when it was raised to 6 per •cent. MONEY MARKET. Short loans are quoted at 5 per cent, unchanged since last week. At this date last year the quotation was 4J per cent. Threo months' bills are quoted at 5$ per rent, unchanged since last week. At this data last year the quotation was 5} per cent. . CONSOLS. ImrperiaJ 2J per cent consols, are quoted at £5-5 10s, compared wiin £56 last week. At this date last year they were quoted at £SB 10s to £59. WAR LOANS. The 3$ per cent British war loan is quoted at £B4, compared with £B4 10s lest week Tho 4J per cent British war loan.is quoted at £95 30s, compared with £96 last week.' COLONIAL . STOCKS. The following are tho quotations for colonial stocks compared with the prices ruling last; week:

Woihi —14s fid -to ,15s Id. WHEAT. Wheat is firm, but little is offering. THour is firm. The Board of Trade regulations have checked forward buying 1 , hut there is a (rood demand for spot.. Australian patents arc quoted at from 51s to 51s Oil. PEAS AND BEAKS. Pons are very firm. New Zealand maple and partridges are nominally 85s. Beaus are dearer. New Zealand beans are not offering. OATS. Oafs are firm. Old Bahia Blanco, tx quev, on spot 465, forward 17s. METALS. Copper.— On spot, A'M4 10s, forward £lll 10s, electrolytic. £lOl. Bead.—On spot, £lO 10s. forward £29 10s. Spelter.—On spot, £SS, forward £59. Till.—£l9l 12b Gd to £l9l 12s 6d. The Now Zealand Loan and Mercantile Agency Compafiv, Ltd., has received the following cable message from London :—“ Tallow—AVe quote present spot values for the following descriptions—Pine mutton 58s 3d per owl. good beef fils fid per cwt, mixed tfis Id. Market firm with upward tendency."

iunug raj t w.cn. Last Hi is ■\Veok. Week New Zealand 4 p.o., 1929 . . 84 ' Mi New Znnliuid 3| p.o.; 1940 . . 73 70s New Zealand 3 p.c., 1945 . . <VH 61} N.S/W. 4 p.c, 1933 . 83» S3 N.S.W. <U p.o., 191R . . 95| 90 N.'.W. 34 p.c, 1920-30 • . TO 711 N.S.W. 3 p.c, 1935 . m ' 69J Victoria 4 p.c, 1020 . . 94 94 Victoria, 3$ p.c, 1.021-29 . . m ail Victorfo. 3§ p.o., 1920-49 . 70J 705 Victoria 3 p.o., 1929-49 02 S m Queensland 4 p.c, 1915-25 . fifl'i 872 Oueenslnnd 3J p.c, 1921-30 . '. 85J P.-.3 Qi;poiisknd 3 n.c, 1922-47 . . ai fill S. AiiVrft'in,i3S p.c. 1939 . . 7,1} 73 R. Australia 8 p.c, 191B . . 59 591 IV. Australia SJ p.c. 1915-35 . 743 75 W. Australia 3 p.p.. 1915-35 . 70 70 Tasmania 3J p.o.. 1920-40 . 70a • 723 Tasmania 3 p.c, 1920-40 '. 6M to, STTAKES.