COMMERCIAL.

Southland Times, Issue 1656, 1 November 1872, Page 3

COMM ERCIAL.

Mr Graham, director of the recentlyestablished National Bank of New Zealand, has sailed from London in ordt r to establish a branch in that colony, Mr Adam Burnes, the manager, follows with the staff. Mr Waterson has been appointed manager in Australia. Mr Badcock has been appointed secretary to the Bank of Australasia in London. The withdrawals of gold have depressed the stock markets. Debentures. — Victorian Government six per cents., January and July, 115£ ; do. April and October, 112 i; Victorian fives, January and July, 107; New South Wales fives, 105 ; New Zealand fives, 102; do. sixes, 112; Queensland sixes, 113 ; South Australian sixes (short) 110 ; do. (long) 116 ; Tasmanian sixes, Jlo£. Shares. — Bank of New South Wales, £38 ; Bank of Australasia, £54 ; Union Bank, £45 ; Bank South Australia, £33f ; London Chartered Bank, £24f ; English Scottish. Australian Chartered Bank, £20. . , Dividends. — Australian Mortgage Land and Finance Company, 10 per cent. ; Oriental Bank, 12 per cent. ; North British Australasian Company, 6 per cent. Wool. — After a gradual advance of from 2d to 3d per lb, a sudden reaction took place on the 23rd September, through the introduction of old etoek, and towards the close tbe advance was lost, but afterwards partially recovered. Half the wool- offered was taken by. continental buyers, and 5000 bales were withdrawn. Tallow. — The Australian tallow market is quiet, and stocks are large. Mutton, 44s to 45s ; beef, 435. At the petroleum wells pumping is P>< -still suspended. Sydney oil, £32 to >£35 ; sperm, £86. Copper. — The copper market is depressed, with but few transactions. Present quotations, £88 to £90. Tin, £141, and receding. Corn declining. Adelaide wheat, 555. Hemp has advanced to £20 to £30. Mimosa bark steady. Cotton recovering. Leather slightly easier. Hides j scarce ; best 7d. Arrivals. — Warwick, Mindoaa, Florence Wilson, Commodore. Sailing. — Atrato, s.s. The Australasian Steam Company have bought the steamer Syracuse. Londojt, Oct. 22, 1.32 p.m. The new commercial treaty between England and France will abolish the French differential dues on British shipping, and annul the obligation on the part of England to tax wine according to strength Y7 Other and important changes i are also provided;, with the view ot leaving j the commerce between the two countries untrammelled. j

Oct. 22, 5 pm, The Government are sending out Sir Bartle Frere, formerly Governor of Bombay, to Zanzibar, to make arrange- | ments for the annihilation of the slave ' trade, and to open up communication with Dr Livingstone, who ia now exploring Lake Victoria. ~ The Cesarewitch Stakes at Newmarket were won by Salvanos, Sylva second, Enfield third. The Middle" Park Plate resulted in a dead heat between Kaiser and Surinam, and the stakes were divided ; Montsrgis was third.

The following were received in Melbourne at 2 p.m. on the day of the Albion's departure : — London, Oct. 23, 12.43 p.m. The French elections have resulted in ( favor of the Bepublicans Forcade and j Laroquette, Schneider .has not heen | elected. • .. Dr. Livingstone expects to reach TJjiji in eight months. ( ' The Geographical Society have given a banquet to Mr Stanley. Obituary. — Bey. Mr Purchas (Ritualist), Sir Thomas Cochrane (Admiral of the fleet). . .