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.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH18871217.2.48
Bibliographic details
New Zealand Herald, Volume XXIV, Issue 8928, 17 December 1887, Page 5
Word Count
108LONDON COMMERCIAL NEWS. New Zealand Herald, Volume XXIV, Issue 8928, 17 December 1887, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.