COMMERCIAL.

Auckland Star, Volume I, Issue 66, 25 March 1870, Page 3

COMMERCIAL.

In the exports, shipments show a decline of £147,428 as compared with last month. The details are as follows :—Victoria, £170,532, decrease £76,091; Sydney, £207,510, decrease £64,590 ; South Australia, £100,322, decrease £26,938 ; Queensland, decrease, £10,443; Tasmania, decrease, £197 ; New Zealand, increase, £28,771.

In the money market there is a brisk demand for Australian stock. The balance of the Victoi'ian loan was disposed of at about 101; large sales were afterwards made on the Stock Exchange at a premium For the new Russian loan of £12,000,000, the applications were large.

The Government paid £6,000,000 on behalf of telegraph property. The manufacture of the British Australian cable has commenced.

Several submarine telegraphic schemes, some Australian, have been successfully launched.

A project is again mooted for steam communication with Australia, via Milford Haven, Portland, and San Francisco, in forty days.

Money is scarce and dear ; the bank mini mum unaltered. Consols, 92£

Dividends were declared in the North British and Australasian Company, of 6j per cent.; Port Phillip Colonial Gold Company, 12J per cent.; Peel River Land Company, 2 per cent.; South Australian Company, 8 per cent. ; New Zealand Trust Loan Company, 10 per cent. ; New Zealand Loan and Mercantile Agency, 10 pea cent.

The Atlantic Telegraph Companies have arranged a joint pirce.

The new American cable is threatened

Colonial Securities. —Victorian Sixes, January, July, 113 ; ditto, April, October, 113 J-; New South Wales Fives, 1871, 73, January, July, 101 ; ditto Fives, 1888, 95, January, July, 10U-; New Zealand Fives, 1891, 96.} ; ditto Sixes, 1891, March, September, 108; Queensland Sixes, January, July, 109 ; ditto, 1891, 109 ; South Australian Government securities, 1893, 1908, 120-J; Hobson's Bay Railway, 57; ditto bonds, 1880, 104.