COMMERCIAL.
B7 Electric Telegraph.—Copyright. (Retjter s Telegrams.) (Received May 9, 1.10 a.m.) London, May 7. Consols have declined f to 9Sg-. New Zealand securities remain at yesterday's quotations. The market rate of discount is 2 per cent., being 1 per cent below the bank rate. The weekly report of the Bank of England shows the total reserve in notes and bullion to be £17,800,000, and the proportion of reserve to liabilities 5 per cent. Colonial breadstuffs. — Adelaide wheat, ex-store, shows a fall of Is Gd, the price quoted to-day being 37s Gd; Adelaide flour, ex-store, has fallen Is to 27s ; New Zealand wheat, ex-store, 32s to 365. Tallow is unchanged. Copra, best Sydney sun-dried, £15 15s. The tone of the wool market is quiet. Up to the present 35,000 bales have arrived for the next series of colonial wool auctions. Sydney, May 8. Now Zealand wheat, 3s; New Zealand oats, 2s -Id, an advance of Id upon last -week's prices ; maize, 3s 2d ; sugar, Company's No. 1 pieces, £2G.
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Bibliographic details
Daily Telegraph (Napier), Issue 4300, 9 May 1885, Page 2
Word Count
169COMMERCIAL. Daily Telegraph (Napier), Issue 4300, 9 May 1885, Page 2
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