FINANCE AND TRADE.

Wairarapa Daily Times, Volume XVI, Issue 4943, 5 February 1895, Page 3

FINANCE AND TRADE.

*' [Specially compiled for the Waiuuvk Daily Times.] money.The amount of reservo in the Bank of England for the week ending 31st January, shows a further increase of £578',000, the rescrva for « the week being £27,820,000, as compared with £27,142,000. The following table shows the movement of the reservo for the first three weeks of tho year, as compared with the corresponding period of last year : lleserre. Reserve. Increase. 1885. 189-1. £. & & •Tan. 3, 23,970,000 15,551.000 8,419,000 do. 10,25,100,000 li;,!Hl,000 8,2-19,000 do. 17,26,202,000 17,902,0 8,210,000 i The leading items of the Bank of England comparo with those of the corresponding date of last year as follows: - Jan. 17, Jan. 17, MoveISM. 15.15. mcnl. £ JC £ increase Coin and Bullion .. 36,541,000 31,001,000 8,063,000 Notes in Circulation 25,023,000 2,'i,-!OJ,OW 171,000 • Public Deposits ~5,327,000 6,0)6.000 719,000 "trier Deposits .. 30,428,000 35,530,000 5,10-1,000 C'lveinni'tSccurities 10,760,000 16,078,000 5,318,000 decrease Other Securities .. 25,207,00017,4(8,000 7,759,00" increase Reserve .. .. 17,032,000 56,202,000 8,240,000 I'roportlon to Liabili- per cent, per ctnt. per cent. lira 4953 1212 1214 Haul; Discount Rate 3 2-

GOVERNMENT STOCKS. British 2| p.c. consols (Gosclien's) ♦ have experienced a sharp fall (his week, being H lower tlinn on the 24th inst. The fluctuation in the price during the past three weeks, is as follows : -Tan. 10 Jan. 17 Jan. 21 Mi 1055- 101} The qnotation is still abnormally high, but the indications are that the limit has been reached. Colonial Government 4 per cent, stocks show a weakening tendency. Victorians have fallen |, and Queensland's are a point lower; the other denominations showing no alteration. The weekly comparison of the ■i per cent, stocks, is as follows: Rise* 2-i Jan. 31Jan. Fallt Sew Zealand 1929 107 107 ~ S.S.Wales 1933 109 109 - Victoria, - 1920 102$ 102 -if S.Australia 1936 107 107 '- Queensland 192-1 100 105 If W. Australia 1931 112 112 - The 3£ per cents show an upward movement in Victorians, South Austak tralians,and Queenslands, the others *>* remaining unchanged. The weekly comparison is as under ; Jan. Jan. Rise* 2-1. 31. Fallt Sew Zealand 1910 101} 101* - S.S.Wales 192-1 MS MS- - Victoria 1923 95J 96} =]* S. Australia 1930 101} MS f Queensland 192-1 99 99} •}* Tasmania 1910 99 99 - WHEAT. The market has been weak for the past fortnight. New Zealand longberried wheat is quoted at 24s 9d Hat; Adelaide wheat, 265; Victorian 24s 6d weaker. The total quantity of wheat and flour afloat for the United Kingdom, on the 30th January was 3,300,000 quarters as compared with 3,220,000 quarters, the quantity afloat on the 16th January. The quantity afloat forthe Continent on the 30th ult, was 840,000 quarters as compared with 910,000 quarters on the 16th January, estimated at 111,700,000 bushels and on the 30th ult, at 180,849,000 bushels.

IT.OZEN MEAT. A First quality mutton is -Jd easier than a fortnight ago, when the quotation was 4d. Second qualityshows no alteration at 3|d. Finest quality lamb is quoted at 6id and average quality at sd.

The Insolvency Statistics of Victoria for the year 1894, show that there were 420 bankrupts, whose total debts wero represented in the schetlulesat£4,s6o,lsß,a6sets£l,96B,7l3, surpluses £48,181, and deficiencies £2,639,627, as against the following amounts for the previous year : debts £3,362,945, assets £5,540,543, surpluses £3,852,981, deficiencies £1,673,383. One of tlio bankrupts of last year, a Miss Spence, valued her assets, consisting of shares in land and other companies at £3,772,408, Dividends ranging from 2d in the £ upwards were paid in 15 estates whose aggregate debts amounted to £1,024,130. The imports of Australasian wool into the United Kingdom for the 11 months ending 30th Nov., 1894, was 489,752,5001b,va1uedat£17,5-/0,388. The total quantity of wool imported A into the United Kingdom from all 60urces during the same period amounted to 670,931,498 lbs valued ~ at £23,732,824. ? The exports from Broken Hill last year were valued at £2,321,545 as compared with £3,200,818 in 1893. The principal items were:—Silver ores, 137,385 tons, valued at £644,896; silver lead bu11i0n,42,509 tons, valued at £1,543,038; and silver ingots, 511,090 oz., valued at .. £61,194. The total amount of gold exported from West Australia last year was 207,1810z., valued at £787,098. Yilgarn contributed 136,8280z,, including 105,3290z. from Coolgardie, and' the Murchison sent 52,9460z.; 16,254 oz, came from Pilbarra. The quantity of wool imported into the United States for the eleven months ending 30th November, 1894, was 44,454,5941bs valued at £1,380,606 as againßt 50,758,063 , lb* valued at £1,675,357. 06 According to the. fourth annual 9 report of the Queensland Meat Export Agency Company, a profit of £19,625 was made last year. South Australia has forwarded to London this season 525 tons of butter, representing a clear gain of between £50,000 and £60,000. The Govern, menfc subsidy to the dairy industry, amounting to £12,000 has already been absorbed, although only two or three years over which the bonuses WOW have run out. .