COMMERCIAL.

Daily Telegraph (Napier), Issue 3749, 21 July 1883, Page 2

COMMERCIAL.

SHAREMARKET,

Sales.—Colonial Bank, 46h 9cl; National Insurance, 25s 3d ; Ross No. 2, 3s.

SellorH.—Banks: Now Zealand, £22 15s; Colonial, 4"s. Insurance-: New Zealand, 75s ; South British, 575; Union, 2-ls; Colonial, 8s; Standard, 13s 6d; Accident, 7s. Miscellaneous : Napier Gas, £10 6s; Westpovt Coal, 17s ; National Mortgage, 295; Colonial Investment,. 20s;: N.Z. Drug, 24s ; Southern Cross Petroleum, 3s 3d; South Pacific Promoters. 7s, Contributors 2a; Boss No. 2 Goldmining Co., 3b; Tarawhiti Golden Crown,. 15s; Albion,. Cs (scarce). Buyers.—Union insurance, 23s 6d; National, 258 ; South British, 56s ; Accident, Gβ 6d; Colonial Bank, 4Gs 6d ; Southern Cross, 2s Ipd:; N.Z. Shipping, 83s, cum. div. "' W.. G. Motley. [BY OkBLE.] London, July 19. The total reserve in tho Bank of England in notes and bullion is £11,800,000, an inureaso of £200,000 compared with tho reserve last week. The proportion of reserve to liabilities remains at 41 per cen*-,. Tho bank rato of discount is unchanged i por confc, and tho market rate at 3^. Consols have recovered the last fall m anc j are again quoted at 99|. '' Now Zealand securities remain as jfollowß : —Five per cent 1 o-4O loan, 106; fi vo ])CI ! cent 1889 loan, 105 J ; four and % ha ]f p Cr 1379-1904 loan, 102; four per ■ .enfc inscribed stock, 101.

Thero nro no changes t 0 report in the markets for colonial brcar aStuffs a , ld tallow. r > « -r, Mclt jottrne, This day. Messrs 0. S. Ross n nd Co-j of this city) report poles of_ Nγ jXV Zealand timber ex Dcvonporfc,Maria Virginia, and Circe, as follows: —Kauri pine—Average prices per Hewn logs, ]4s 6d ; sawn flitches, dressed boards, i-inoh, 3s 2d. Averp,g G p r i co .s per 100 foot lineal: Tongucd grooved flooring, 6 x £, 7s ; 4 x 7,e 6d ;4 x 1-inch, 4s. White pine —Sawn boards, 0s 3d; dressed boards, 10s per \t)o feet super. The demand for timber haa slackened, and tho market is dull Sydney, Friday. New Zealand oats, 2s 3d per bushel; no New Zealand wheat in the market; maize, per biiHbel, 2s 10d ; Hiigar, Company's No. 1 pieces, per ton, £35. Adelaide, Friday. Wheat is steady at 6a ; town flour, per ton, £41 5s to £11 10s, and country brands £10 f>s to £10 10a. Freights on wool to London, greasy $d per lb, scoured fd.