COMMERCIAL.

Daily Telegraph (Napier), Issue 3826, 20 October 1883, Page 2

COMMERCIAL.

(By Cahle.) London, October 18

The total reserve in the Bank of England in notes and bullion is £13,000,000, being an increase of £300,000 during the Aveek. Tho proportion of reserve to liabilities has advanced from 42 per cent, to 43 per cent, since last Thursday. The bank rate of discount is unchanged nt 3 per cent., and the market rate at 2L Consols remain at 101,;-. New Zealand securities arc quoted as follows :—Five per cent. 10-40 loan, 10-1 _- ; five percent. 18S0 loan, 107; four and a half per cent. 1879-1004 loan, lOO.J; four per cent, inscribed stock, 102. Adelaide wheat, ex-store, 45/- ; New Zealand ditto, 38/6 to 43,0 ; Adelaide flour, ex-warehouse, 32/-. Australian tallow, best beef 40/-, and best mutton 41,6. Best Scotch' pig iron, No. 1, f.o.b. in Clyde, has advanced to 18/- per ton, and galvanised iron, 26-guage, packed in case f.o.b. in London, to £18 10/-. Sydney, Friday. New Zealand wheat, per bushel, 3.9; New Zealand oafs, 2/4 ; maize, 2,11 ; sugar, Company's No. 1 pieces, per ton, £35. Adelaide, Friday. Wheat, 4/5 to 4/6, and market continues quiet with'little doing; flour is flat and prices arc nominal, town brands fetching £10 to £10 15/-, aud country ditto £9 10/----to £0 15/-. _______-_.