ENGLISH COMMERCIAL NEWS.

Grey River Argus, Volume IX, Issue 642, 1 March 1870, Page 2

ENGLISH COMMERCIAL NEWS.

The. month's exports, shqw little change on. the preceding rfionth. The total value is L 1,209.,9£1. Details— Tj) Victoria, L 545,623, a decrease of L.75,002 ; to Sydney, L 172.100, a decrease of L 73 3; to Queensland, an increase of L 37.20 1; to Adelaide, of L 29.109 ; to Tasmania, a decrease of L 32.705 ; to. New Zealand an increase of/ L45,?83.. The Jan Van Galen loaded at Rotterdam with- geneva for D,uuediu. Colonial Securities. — Victorian, 6 per cents., Januarj -July, 114| ; ditto, AprilOctober, 111; New South, Wales 5 per cents x IS7I-73 January-July, JO2 j New Zealand lives, IS9I, 95£ ; ditto sixes, 1894, March-September, 106 ; Queensland sixe3, January- July, 110; ditto, 1891, 110; South. Australian Government, 1893, 113 ; Hobson.'s B.ay Railway, 56 j ditto, bonds, 1880, 104. M°n,ey market brisk. The d^mand for South Australian and New Zealaud. securities has improved. The balance of the Victorian loan wnl again be offered, as the market is now favorable. Bank discount three per cent. Consols, at 921. The South Australian Loan was successfully placed at an average of LIOB, 53 per cent. The Turkish t,welve million loan has been fully subscribed. Bankruptcies and mercantile failures are extremely numerous. Steps are threatened to restrain the Directors of the European Assurance Company from paying annuities to agents and officials who effected the ruinous combinations which now form pprtions of the company's business. Th.c Board of Trade returns for November show a satisfactory increase. Australian cotton has become of great importance during the past year. In December £0.00 bales sold at lOJd j I2^d ordinary to fair ; 9d to lOil for low. New Zealaud flax, L 35 per ton for sound. Australian tallow, inactive j P.Y.C, de^ clined from Is to 2s per cwt. now quoted; mutton, fair to good t 43s to 465 ; beef, 44s t0445,6d. ;" ' ..-..-. The wool sales . commenced on the 10th January ; ttocks limited, The Union Bank have declared a, dividend of 15 per cent., and the South Australian Bank 8 per cent ; the Van Diemen'a Land are quoted at 11 per cent The balance of the Victoiian Loan has been negotiated, the offers amounting to L 3,000,000, 000, 000 and upwards, at the advertised minimum of 100^. The prospectus of the British Australian Telegraph Company was issued on the 3rd instant, capital L 600 ,000, which was eagerly subscribed for. lib is intended to complete the line by Port Darwin. I **■