COMMERCIAL.

Southland Times, Issue 1034, 7 October 1868, Page 3

COMMERCIAL.

On the 14th, the demand for ,money ; at the Bank rather increased, but the open market was not so active. Brokers were better supplied with capital." Their rents were ti to 2 per cent. The Stock Exchange was firmer, but without animation.. Consols on the 13th were 93-f to 93i, for delivery during the month. The demand for money has hardened. The French loan is found to stimulate the export of gold to Paris. The ' Home News' says discounts are rather firm, and as a large amount of gold has been taken out of the Bank, there is talk. of an advance on the minimum of two and a half. The Bank during the month lost -£1,179,553 of gold its stock on July 8 having been £22,551,542, and on August 5, £21,371,989. During the same period [ the Bank of France enlarged its stock from £47,177,500 to £49,813,000. A considerable fall, in Funds has take place during the month. This result is due in part to the gold movements, and partly to ! the Parliamentary vacation having begun. Australian securities have again been ( in some demand. New Zealand Six per Cent., 1891, 108 to 110; do., Five per - Cent., 1891, 97 to 99 ; do., Six per Cent., 1891, March and September, iO9 to 111. Bank of New Zealand, 17 to 19; Bank of New South Wales, 43 to 45 ; Union Bank, 45 to 47. ' ]