COMMERCIAL.

Sun (Christchurch), Volume III, Issue 788, 19 August 1916, Page 8

COMMERCIAL.

BANK OF ENGLAND RETURNS. By Cable, — Press Association. — Copyright. Australian and X.Z. Cable Association. LONDON, August 16. I The Bank of England returns for the I week ended Wednesday, August 10, arc as | follow:ISSUE DEPARTMENT. | Notes in cir- Govt, debt £11,015,000 1 dilation £X.,70f>,000 Othcrsecu- ' Notes in re- rities .. 7,185,000 I serve .. 38,340,000 Gold coin & bullion .. 55,540,0001 AutJiorised ! £74.010,000 circulation £71,010,000 I BANKING DEPARTMENT. ; Proprietors' Govt, sccucapital ..£11,553,000 rities ..£42,188,000 1 Public de- Othersccuposits .. 51,222,000 rities (adOther de- vances) .. 83,811,000 1 posits .. 9.1,802,000 Notes in reRest, 7-day serve .. 38,340,000 ! and other Coin .. .. 1,808,000 | hills .. 0,510,000 £100,147,000 £100,117,000 COMPARISON WITH LAST YEAR. Aug. 10, Aug. 18, 1916. 1915. Coin and bullion .. £55.540,000 £00.177,000 Reserve notes and coin 37,700,000 53,018,000 Proportion of reserve to liabilities .. .. 27.11 28.5!) Notes in circulation .. 33,700,000 31,958,000 i Deposit liabilities .. 118,081,000 227,300,000 j ! Government securities 42,188,000 15,015,000 Discounts & advances 83,811,000 110,181,000 j MONEY MARKET. j Short loans are quoted at 1J per cent., unchanged since last week. At this date last year the quotation was I', per cent. Three months bills are quoted at 5$ per cent., unchanged since last week At this date last year the quotations was 3; percent. WAR LOANS. The 31 per cent. British war loan is quoted at £BO 10/-, 2/0 higher than last week. The 41. per cent. British war loan is quoted at £OO 5/-, 7/0 higher than last week. IMPERIAL CONSOLS. Imperial 2.1 per cent. Consols are quoted at £SO 5/-, 7/0 higher than last week. At this date last year they were £OO 3/4. COLONIAL STOCKS. The following are quotations for colonial stocks, with the prices ruling last week:—' Last This week. week. N.S.W. 1 p.c. 1933 80] 80J N.S.W. 3* p.c., 1918 95 J 95 N.S.W. 31 p.c, 1920-30 .. .. 74jj 745 N.S.W. 3 p.c, 1935 "3i 73 Vic. 4 p.c, 1920 94 94 Vic. 3,'. p.c, 1921-20 85* 851 Vic. 3V p.c, 1920-49 74s 74J | Vic. 3" p.c, 1929-49 00 05J iS. Australia 31 p.c, 1939 .. 741! 74J iS. Australia 3 p.c, 1910 .. 01* 01* | Tasmania 31 p.c, 1920-40 .. 74.{ 74 Tasmania 3 p.c, 1920-40 .. 6GJ 07 W. Australia 31 p.c, 1915-35 .. 70 70$ W. Australia 3 p.c, 1915-35 .. 721 721 Queensland, 4 p.c, 1915-25 .. 90 90 Queensland 31 p.c, 1921-30 .. 87J .88 Queensland 3 p.c, 1922-47 .. 001 005 New Zealand 4 p.c, 1929 .. 88} 88s New Zealand 31 p.c, 1940 .. 70 i 761 New Zealand 3 p.c, 1915 .. 08} OKIMISCELLANEOUS. Oats.—Oats are steady. Peas and Beans. —Peas and beans are firm at full late rates. Sugar. —Sugar is unchanged. Wheat. —Wheat is quiet. More cargoes are offering at about unaltered rates. -Parcels are slightly firmer. Flour is firm and quiet. Australian 19/-. Butter.—There is an increasing shortage I from all sources, and prices are continuously hardening. Danish is 199/- to 203/-; New Zealand 180/- to 182/-. The cheapest obtainable is Irish separator butter, about 170/-. Cheese. —Cheese is strong. New Zealand 97/- to 98/-; Canadian, spot 95/-, c.i.f. 99/-. I Metals. —Copper: Spot £ll4 10/-, forward £lll 10/-; electrolytic £l2O. Tin, £l7l 2/0 to | £l7l 10/-. Lead: Spot £29 12/0, forward £2B. Spelter: Spot £53, forward £47. Sil- ! vcr, 31 9-10 d per standard ounce.