ENGLISH.

New Zealand Herald, Volume VIII, Issue 2376, 6 September 1871, Page 4

ENGLISH.

MONEY MARKET. Money is accumulating; tlie Bank rate was reduccd to 2 percent, yesterday. The marvellous success of the French loans has improved the tone of all stock markets. A. Parisian loan of £24,003,000 is impending. joint stock undertakings are very numerous, especially asphalte trannv y companies. £100,000 on mortgage of debentures of the City of Dunedin promptly taken. The Australian and New Zealand Gold Mines Investment Company —capital £50,000 —is announced. Dividends. —Bank of South Australia, 10 ; South Australian Company, S ; Neff Zealand Mercantile Agency, 10; Port Philip Gold Mining, Is per sliare; Union Bank, 13 ; Australian Agricultural, 23s per share. Mercantile failures fevrer. Kevenue returns satisfactory. Anglo-American cable repaired. Debentures axdßask Shares in brisk demand, at advanced quotations. Australian securities firm. V ictoria sixt-s, -Tanu-ary-July, 113 ; ditto April-October, 11:.'./ . ditto fives, January-July, 104; ?>evr Wales fives, IS7I-76, January-July, 10- H ; ditto, ISSB-1900, January-July, 10:2 ; ditto, 1872-9S, annual drawings. loO*.. .New Zealand consolidated fives, January, April, July, October, 100* ; ditto iise;:, 1891, March-September, 111 ; ditto sixes, 1891, June-December, 109. Queensland sixes, 18S2-85, January-July, 107 ; ditto, 1891, January-July, 10S. South Australia sixes, short date, 109; ditto, long date, 100. Tasmanian sixes, 108. Hobson's Bay .Railway shares, 48 ; ditty bonds, sixes, 102 ; ditto ditto, fives, 95. "WOOL. The advance in value is firmly maintained, and no reaction is anticipated. The average rise is 2d. to 2'd. on Australian and New Zealand iieeces. On fine wools it is less. 146,000 bales have been sold, more than half being for export. The fourth, series of sales commence September 11th, with 130,009 bales; prospects are excellent, and the consumption in all quarters is very active. Mr. Schwartz says Euglisli and American clips are short 20 per cent., and French sheep were slaughtered during the war. The arrivals for next sale aggregate 43,G00 bales, those afloat are 65,00 ) bales, so that probably 130,000 will be offered in September and 60,000 on 23rd November. PBODUCE MARKET. Tallow.—Firm throughout the month ; Australian disposed of at an advance ot' Is. on mutton, 2s. on beef. Stock, 627S packages. Oil.—Sydney cocoanut, £33 to £40, selliug slowly ; sperm £S2. Hides.—Moderate supply ; sales of 2184 at prices unaltered. .Leather. —In steady demand, at low rates. Horns.—No sales. Copper.—-Advancing; Australian in request at £77. Australian Wheat.—s7s. to 625. The arrivals were considerable; trade firm. Flour.—There has been a great increase of stock, and only in limited

request.

Cotton.—Fiji and Queensland sold at fair rates. IN'eiv Zealand Flax.—Market fairly active ; stock, 1,166 tons. Australian Pkeservkd Meats are getting into favour in England, from the committee's report which, the Society of Arts l'.as published.