LATEST FROM EUROPE.

Ashburton Guardian, Volume V, Issue 1386, 22 November 1884, Page 3

LATEST FROM EUROPE.

[BEUTKIi’S lIUSBiHS-COPYRIGHT. ] Monetary and Commercial. London, .November 2u Consols remain at ioi. New Zealand securities are quoted to-day as follows :—Five per cent. 10-40 Loan, 10434 ; Five per cent. 1889 Loan, 103; Four and a half per cent. 1879-1904 Loan, 10434 ; Four per cent. Inscribed Stock, 10034* The total reserve of notes and bullion in the Bank of England is now L 15,600,000 (sic), and the proportion of reserve to liabilities is 34 per cent. The Bank rate of discount remains at 5 per cent, but the market rate has'further fallen to The markets for colonial breadstuff's and tallow are unchanged. » The Wool Sales. At to-day’s wool sale 9,700 bales were offered, making a total of 77,000 catalogued since the opening of the series. The withdrawal amount to 7,500 bales. Crossbreds are a shade firmer, but inferior and faulty wools generally are rather lower than at last sales. 'Good competition was experienced to-day. Arrival of the Mail. London, November 21. The Homeward mails via San Francisco, from Auckland, October 14th, were delivered yesterday. The Finances of Egypt. In the House of Commons last night Mr Gladstone, replying to a question, announced that he was preparing plans for the re-organisation of the Egyptian finance, and that they would be submitted to the Powers. It would be premature to disclose details of measures be proposed to recommend. The Berman Parliament. Berlin, .November 20. The Reichstag was opened to-day by the Emperor William. In his address on the'occasion, his Majesty expressed a conviction that prolonged peace would be enjoyed by the European powers.