COMMERCIAL.
(by cable.)
London, November 2. The bank rate remains at 5, and the market rate at 3| per cent.
The total reserve in notes and bullion in the Bank cf England is £9,200,000.
New Zealand securities. —Eive per cent 10-40 loan, 10ol ; five per cent 1889 loan, 104£, ex-dividend; four and a half per cent 1879-1904 loan, 101£.
Colonial breadstuffs are quiet at 44/- for Adelaide, and 43/- to 46/- for New Zealand wheat, ex-warehouse; Adelaide flour, 34/-. November 4.
Consols have declined one-eighth to 102 £. Now Zealand securities are quoted as follows :—Five per cent 10-40 loan, 105£; five per cent 1889 loan, 105s-, ex-dividend ; four and a half per cent 1879-1904 loan, 102*.
Adelaide wheat, ex-warehouse, 34/6. The total quantity of wheat afloat for Great Britain is 1,720,000 quarters.
Australian tallow, best beef 43/-, and best mutton 44/-.
Best Scotch pig iron, No. 1, f.o.b. in Clyde, remains at 52/6.
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Bibliographic details
Daily Telegraph (Napier), Issue 3535, 6 November 1882, Page 2
Word Count
153COMMERCIAL. Daily Telegraph (Napier), Issue 3535, 6 November 1882, Page 2
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