COMMERCIAL.

Daily Telegraph (Napier), Issue 3809, 29 September 1883, Page 2

COMMERCIAL.

SHARE MARKET,

Tito following arc my latest quotations : — Sales. —Insurance; South British, 57-, cum. div. Bank: Colonial, 4 to. Pacific Contributors, 3/9 aud 3/11 ; Ross No. 2, 2/- ; Napier Gas, £9 15/-. Sellers.- —Insurance: Colonial, S 6; South British, 58/- ; Union, 24 3; Standard, 13-. Banks: Colonial, 15/- ; New Zealand, £22 15-. Miscellaneous: Napier Gas, £10; Westport Coal, 1 7/- (30 - paid) ; National Mortgage, 27.6; Northern Investment, 20/- ;°New Zealand Drug, 24/- ; Ross No, 2,2/-. Petroleum: Southern Cross, 6/6; South Pacific Contributors 4/-, and Promoters 7/9.

Buyers.—Union Insurance, 23 0 ; National, 24 '0; South British, 57,-, cum. div. ; Accident,' 7/-; Colonial Bank, 413 ; Pacific Contributors, 3-9 ; Napier Gas, £0 15 -. W. G. Motley.

[By Cable.] Lo.xdux, Deptember 2"

Tito total reserve in notes and bullion in the Bank of England has increased hy £200,000 during tho week, and is now £14,800,000. The proportion of reserve to liabilities remains at 47 per cent. .Tho bank rate of discount has been reduced to 3 per cent; market rate, 2]. Consols are unchanged at 101 h, and New Zealand securities as follows:—Five per cent 10-40 loan, 103?,; live per cent 1880 loan, 106; four and a half per cent 1879----1904 loan, 102-J: four per cenL inscribed, 100_-. Wheat, Adelaide, ex-warehouse, 45,6; New Zealand, 40/- to 41/-; Adelaide flour, ex-store, 33/-. Tallow, Australian, best beef 40/-, and best mutton 41/-. Melbourne, Friday, j Messrs C. S. Ross and Co., of this city,' report the sale of kauri timber ex Jules Mario at the following average prices: — At per 100 feet super: hewn logs, 12,3; sawn flitches, 14 '9 : sawn boards, 1-iuch, 14/0. Sydney, Friday. Now Zealand wheat has declined 2d pci< bushel, stud is quoted at 4 - ; New Zealand oats havo fallen Id, and arc now worth 2 3 ; maize has further advanced to 3/4 ; sugar, Company's No. 1 pieces, per ton, £:>,». Adelaide, Friday. AYhcafc re-mains at 4.0, quotations momiual; flour, toAvn brands continue about last week's prices, viz., £10 15/- b( £11, aud country ditto has further fallen 2/6 to 5/- per ton, and is now quoted at £9 17/0 to £10.