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[By Electric Telegraph.—Copyright.] [Per Pueßs Association.]

MONETARY AND COMMERCIAL. LONDON, October .10, (Received October 12, 1889, at noon )

The weekly returns of the Bank of England show the total reserve in notes and bullion to be L 10,514,000. The proportion of reserve to liabilities is 33$ per cent. Consols, 97J (ex div.). New Zealand 4 per cent, inscribed stock, 108:1, (ex div.). Australian wheat (ex warehouse), 39s 6d ; market quiet. Business in New Zealand long'berried wheat (ex store) is very testrloted at 98a.

Sugar : German bset, quiet at 2s; Java, 15s. The iron market is active at 53s (id. Tallow: Best mutton, 27s 8d to 28j ; boat beef, 26s 6d to 275. Kauri gum is advancing. Ox hides, 3£d to 3Jd per lb:


[Per United Press Association. 1

WELLINGTON, October 12. Mr Gordon, Inspector of Mines, loft for VVhangarei yesterday to inspect and report upon a silver discovery at Puhipuhi. Tbß Korauui wrock was sold today for L 25, the Union Ste?m Ship Company being thepurchasers. Mr Bell, the first settler on Kermadec Island, has mado a claim for L 2,000 on the Government for deprivation of his interests. His contention is that the Government had no authority to permit Napier people taking up residences on the island. Mrs Corrado, who drowned her infant daughter, has been pronounced by her medical examiners to be insane.

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Bibliographic details

TELEGRAPHIC, Issue 8036, 12 October 1889

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TELEGRAPHIC Issue 8036, 12 October 1889

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