COMMERCIAL.

Grey River Argus, Volume VI, Issue 415, 10 September 1868, Page 3

COMMERCIAL.

The Money market fluctuates ; discount 2 per cent. Demand a little stronger. Consols, 94$ to f . Australian securities ;n demand. Victorian 6 per cents, January a,nd July, 112 to 114 ; do, April and October, 113 to 114; New South Wales fives, 1871 to 1873, January and July, 99 to 101 ; do, fives, 1888 to 1889, January and July, 99 to 100 ; New Zealand fives, 1891 to 1898, 100 ; do, sixes, 1891, March and September, 111 to 113 ; Queensland sixes, January and July, 106 to 107; do, 1891, 106 to ]07 ; South Australian Government securities, short date, 108 to 111 ; do, long date, 110 to 112; Hobson's Bay Railway, 48 to 50 . do, bonds, 1880, 97. The Board of Trade returns for May phew a falling off of one million and a quarter in the exports as compared with the corresponding months for the last two years. At the annual meeting of the share holders of the Union Bank of Australia, held on July 13, a dividend was declared of 15 per cent per annum. A concession for the establishment of *n electric telegraph line between France

and the United States was granted by the French Government to Reuter and Baron Emile Dechanger. The line is to run from Brest to near Boston, and is ex. pected to be laid next year. The concession is for twenty years. Maximum tariff to be £o for twenty words. Wool Report. — After the absorption of so large a quantity a3 recently passed the hammer, no enquiry is made for colonial woql in the London market. ! Since the close of the May and June series of sales, prices have been well maintained. It is not expected that a demand will spring up before the August sales. Importations already amount to 158, G46 bales. The estimated quantity will increase sonio 50,000 or 60,000 bales,