MONEY MARKET.

Southland Times, Issue 1265, 14 June 1870, Page 2

MONEY MARKET.

Victorian fives and New Zealand debentures have advanced from 1 to 2 percent. Numerous American railway bonds have been introduced into the ! market. A new Egyptian loan of I £5,000,000 is announced. The following I dividends have been declared :— Scottish* Australian Mining Company, 6 per cent.;; Australian Mortgage and Finance Company 10 per centr Commercial- failures coutinue. The closing prices of colonial securities are as follow :— -Victorian sixes, January- July, 114^ ; do, April-October, 111; New South Wales fives, 1872-73, January- July, 101* j do fives, 1888-1895, January- July, 102^ ; New Zealand fives, 1 1891, 97* ; do sixes, 1891, March-Sep-tember, 109 j Queensland sixes; JanuaryJuly, 109^; do 1891, 109 j South Australian short date sixes, January-July, 11311 Hobson's Bay Bailway, 58|.

WOOL BEPOBT, Wool. — Mr Helmuth Schwartz reports, April 20 : — " The sales opened firmly. A large number of home and foreign buyers attended. There was an animated competition. Some kinds are a halfpenny, some a penny dearer than during the last few dates, while all prices stand, if not higher, at least on a par with the highest quotations of the last series." The Port Phillip wools are deficient in strength of staple to an unusual degree, in consequence, probably, of the drought. The sales will last Until May 12, and will comprise 146,390 bales Australian wool, and 16,320 Cape.