COMMERCIAL.

Hawke's Bay Herald, Volume 12, Issue 913, 1 February 1868, Page 3

COMMERCIAL.

' v "'.'\ London, Nov. 26. In the discount market supplies of money are still large at slightly advanced rates, the object being an assimilation to the Bank rate of 2 per cent. The latest quotations in the open market are, for the best paper, 1-f to If. Half a million of bullion has been withdrawn from the Bank of England for the Abyssinian expedition ; but the reserve is still excessive,.

Business on the Stock Exchange is - quiet. Confidence has been restored, but tr ( ansactions ; were limited to English funds, with little fluctuation during the month. Consols, now . stand at 94| to 94f with dividend. L For money 93£ to 935 , ex dividend. - ; For • account reduced, and new three jjer cents, firm at 93 to 935-. , A second dividend of three shillings has been/piid in .the estate of the New Zealand Banking Corporation ; and a dividend of Is in Overend and Gurney's estates, making ,13s. At a meeting of the shareholders of ; the Royal Bahfc of Liverpool, the call -jtf^s increased from. £5 to £10 per share, i Great dissatisfaction is expressed with the management, and a committee of investigation has been appointed. The Government has resolved to take the management of Telegraphs, which has given, great satisfaction. No failures .of importance. 'JuWtralian • Trust Agency Co. have declared a dividend of ten per cent.