SHIPPING AND COMMERCIAL.

New Zealand Times, Volume XLVIII, Issue 7996, 29 January 1887, Page 2

SHIPPING AND COMMERCIAL.

By Electric Telegraph.—Copyright, (reuteb’s telegrams.) (Received January 23, 5.15 p.m.) HoßAEffjanuary 28. Arrived, last evening Tarawera, from Bluff. London, January 27. Consols remain at 100 The bank rate continues at 5 per cent., and the market rate at 3J. The bank of England weekly returns show the total reserve in notes and bullion to be £12,900,000, ah increase of £1,200,000 during the week. The proportion of reserve to liabilities is 47 per cent. New Zealand 4 per cent inscribed stock remains at 94J-., The wool market continues firm, and at to-day’s sale coarse crossbreds ruled id higher, and scoured wools lid higher than last sales’ closing rates. To-day’s catalogue comprised 10,100 bales, making a total of 29,400 offered since the opening; of these 2000 have been withdrawn from sale. Colonial breadstuff's and tallow are without quotable change. (SPECIAL TO UNITED PRESS ASSOCIATION.) (Received January 23, 7,30 p.m.) London, January 27. Pour hundred dozen of New South Wales exhibition wines have been sold by auction at 17s 6d to 18s 6d. . The fittings of the court of the. same ■ colony realised £328. . Mr L. Beecher Co wens, formerly Secretary of the Equitable Fire Office, Manchester, succeeds Mr D. Christie as manager of the fire department of the South British, National, and Adelaide Marine and Eire Insurance Companies. ‘ Mr Hugh Bannister, of the firm of Hankey and Bannister, wine merchants, advises the formation of centres in the colonies to ensure the similarity of successive vintages. The frozen meat by the Orizaba, from Melbourne, is selling at 4Jd, and that from Sydney, at 4d. The cargo by the Arawa is realising 4|d.