CABLE NEWS.

Manawatu Standard, Volume 4, Issue 159, 11 June 1883, Page 2

CABLE NEWS.

THE MARKETS.

THE SUEZ CANAL.

INSCRIPTION OF COLONIAL LOANS.

BURSTING OF A GRAIff ELEVATOR.

(BY EI.ECTRIO TELEGBAPH.— COPYRIGHT.) | (SPKOIAIi TO UNITED PBE3S ASSOCIATION.) London, June 6.. The total ■"'reserve m tha Bank of TCncrland m notes and bullion is £10,900,000 being £200,000 above the reserve last w'eeki The proportion of reserve to liabilities has ' advanced to 36 per cent. The Bank rate ot discount is unchanged at 4 per cent, »nd the market rate at 3§. Consols remain at lOOf, and New Zealand securities at -pester day's quotation. ~ Adelaide wheat, ex store, is unchanged at 4:Bs, and New Zealand ditto. at 4;4U to 475. Off coast cargoes of New Zealand whoat are quoted at 435. Adelaide flour, ex store, 33s 61. At the wool, sale to-day, 12,200 bales were offered, makirig a total of 203,800 catalogued since the -comt raencem°nc oi^ the series. / Good. A.us<> Irali''n J c6aißinfr woo's were firmer at to-d ay's sale?. The withdrawals during the presant series now amonnt to 20,000 bales. The "British Shipowners' ComOiittee have decided to persist m carryinE; out the- formation of a second Suez Canal by a British Company, despite the promises' which- havW been, made by Baron de Lesseps and the Canal Company. The Bank of England has arranged to commence -inscribing the New South Wales loan Qn| July 1| ; ; . A grain elevator at Milwaukee burst, and seven persons were killed.