COMMERCIAL.

Southland Times, Issue 1019, 11 September 1868, Page 3

COMMERCIAL.

Australian securities are in demand. Victorian six per cents., January-July, £112 to £114; do., October, £113 to £114. New South Wales five per cents., 1871-73, January-July. £99 to £101; do., five per cents., 1888-1895, January- July, £99 to £100 ; New Zealand five per cents., 1891, £98 to £100 ; do., six per cents., 1891, March-Septem-ber, £111 to £113 ; Queensland six per cents., January-July, £107; do., 1891, £106 to £107 ; South Australian Government securities of short dates, £108 to £111 ; do., long date, £110 to £112.

The Board of Trade returns for the month of May show a falling off of one million and a quarter in the exports as compared with the corresponding period of the last two years. The revenue returns for the quarter ending June show an increase, compared ■with the corresponding period of last year of over half & million, owing to the augmented income-tax. The annual meeting of the shareholders of the Union Bank of Australia was held on July 18, and a dividend at the rate of 15 per cent, per annum was declared.

Messrs Peto and Co. passed their final examination in the Bankruptcy Court without oppositiou, and received their, discharge. There will be nothing available for the creditors after payment of the costs of the proceedings. A concession for the establishment of a telegraphic line between France and the United States has been granted by the French Government to M. Reuter and Baron Emile Delanger. The line will run from Brest to near Boston. It is expected to be laid next year. The concession is for twenty years. The maximum tariff authorised is £& for twenty words.