COMMERCIAL.
Bank discount, 3to 4 per cent. Australian securities, dull. Two BaUarat Gold Mining Companies, and the New Zealand Quartz Crushing Company were introduced on the London market. Scrip of the Victoriau Loan has been marked on the Stock Exchange list; dealings havo taken place at five shillings premium. Most first-class commercial bills are now sent to Paris, where they are done at lj, owing to the greater abundance of money* The reserve fund in the Bank of England has been seriously reduced, owing to the drain of gold to America. Exchanges have since improved, and money is again plentiful in open market. Speculation in freight and stocks is checked, and the home trade is languid. Failures have beeu numerous in the' cotton and woollen districts. New Zealand Fives (consolidated), 95|; ditto ditto, Sixes 1891, Ist December, 108 i 107, 109. The Vooruit left Rotterdam on the Ilth April, with 2,850 red cases geneva, for Melbourne; and 925 cases for Sydney. The Helen and the Henrietta-, now of . Australia, are both loading at Rotterdam to sail in May. The value of exports to Victoria amounts to £415,867, showing an decrease of £83,664. The value of exports to Sydney is £239,844, being also a decrease of £95,440.
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Bibliographic details
Nelson Evening Mail, Volume IV, Issue 140, 17 June 1869, Page 2
Word Count
206COMMERCIAL. Nelson Evening Mail, Volume IV, Issue 140, 17 June 1869, Page 2
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