COMMERCIAL.
(Reuters Teleobams.) (By Electric Telegraph.—Copyright.) (Received December 29, 1 a.m.) London, December 27.
Tho total reserve in the Bank of England is £12,300,000, a decrease of .£"00,000 compared with the reservo last Thursday. The proportion of reservo to liabilities has fullon 6 per cent, during the week in now 37 per cent.
Tho bank rate of discouut remains at 3 por cent., and tho marlcet rate at 2J. Consols aro unchanged at 100], and New Zealand securities ns follows: —Fiye per cent. 10-40 loan, 10J.J; five per cent. 1889 loan, four and a half per cent. 1879----1904 loan, 101;}-; faur per cent, in.soribed stock, 100.
The wheat and tallow market aro without quotable change Best Scotch pig iron has further f,i]]en Gd per ton, and i.s now quoted f.o.b in Clyde at 4G/G ; galvanised iron, 26-guafje, has declined to £18, packed in in London.
Sydney, Friday. Now Zealand wheat has advanced to 3/9 per bushel; New Zealand oats have further fallon to 2/1; mai/e remains at 3/5, and sugar, Company's No. 1 pieces at £3-1.
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Daily Telegraph (Napier), Issue 3883, 29 December 1883, Page 2
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176COMMERCIAL. Daily Telegraph (Napier), Issue 3883, 29 December 1883, Page 2
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