ENGLISH COMMERCIAL.

Press, Volume XV, Issue 2045, 4 November 1869, Page 2

ENGLISH COMMERCIAL.

... Business during the past month has been almost at a cptnpjfte standetill, and the decimand for money has fallen to a minimuni. When pur last issue was,despatched, the very were done at not lees than 2| to 2| per cent, but eince that a decline has taken place, to 2£ to 2J ; and short loans against Government securities were to be had at Lto !£ per cent. At their meeting on the lQtli of August, the directors of the Barik of England reduced their rate from.B &> 2$ per cent, at which it has si nee, ; The price of Wheat has given way from |6s to 6$ per quarter, -and--the market is inactive. *'■•■""'"' v " '" : ■. : , A tendency. to invest in new telegraphic * schemes has been lately . manifested, ..Biid ""several new echemes have been spoken of. !A „ fjjf|»f; jCbrapany, natoed tKe India, Australia, "* Submarine Telegrapl.s (Limited), to connect the ; lelegreph Bjetem of British India at Point de Qalle,viil the. Island'--bf Ceylon, With the /Straits Settlementej Australia,', and China, has been. brQughtl for Ward, and is iavourably spoken of. _ , ~ ;