LONDON COMMERCIAL NEWS.
[renter's telegram,] London, December 15. Three-percent, consols and New Zealand securities are unchanged. The market rate is 3 per cent, and the bank rate 4 per cent. Colonial breadstuff's and tallow main* tain last quotations. Hides are in limited demand. Prices rule an eighth of a penny per lb. lower than last auctions.
The weekly returns of the Bank of England published to-day show the total reserves in notes and bullion to be £13,200,000, and the proportion of reserve to liabilities 46 per cent., being an increase of £400,000 in the total reserve, and a decrease of 1 per cent. - in the proportion to liabilities.
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Bibliographic details
New Zealand Herald, Volume XXIV, Issue 8928, 17 December 1887, Page 5
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108LONDON COMMERCIAL NEWS. New Zealand Herald, Volume XXIV, Issue 8928, 17 December 1887, Page 5
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