COMMERCIAL AND MONETARY.

Otago Daily Times, Issue 290, 24 November 1862, Page 5

COMMERCIAL AND MONETARY.

London, Sept. 26. The money market during the. month remained generally easy. Minimum rate of discount, two per cent. _ Little doing in stock or share markets. Colonial securities maintain their previous favorable position. Consols, for money, 93g; do, for account, yjj. -

Colonial Government Securities—New South Wales Five Per Cents, 286G, 101 to 102; Victorian Six Per; Cents, April and October, 1093 to 110$. J : Half-yearly dividend Bank of England, four-and-a--half per cent, free of income-tax. Exports to Melbourne and Geelong for the month amount to £338.296, against £450,361 in July. August showing a decrease of £112,065, arising froui a uniform decline in most articles of export. Shipments of tobacco about the same as last month. Ex» ports to Sydney, £246,088. .against £345,886 in July-August, Decease, £09,288, %\^ same ayes j

age reduction pervades as mentioned in Melbourne report. Shipments of tobacco* almost identical with last month.

London Wool Report, Sept. 24.—The third series ot sales closed on the 6th September. Total number oi # bales '-.ataloo-ued, 105,181. Faulty and in~ ierior sorts not much inquired for; several large parcels of such withdrawn during last three days of sales, an-i Mv.;a then large piucliascs of rill sorts made at advances of Id to 2d <-n average of last sa.es. For ail good and well arown flocks comnetition was spirited throughout. " Shipments of flour and wheat from America to linglaad have been very extensive. Prices are expected to rule considerably 10-.ver. Pkobucb Markets.—Hides—Australian are in demand at an advance of a farthing per Ib. LeatherGood business done at full prices. Bark-Mimosa sold reauily at higher price?. Skins-Advance Is perteaforsliesp. Whalebone (southern) sold at L3OO per ton. Tallow—Australian mot good sale at from 40s to 48s average. Metals-Large demand for hurra copper, at LIOO per lon. Colrce in active demand, at higher prices. Sugar market dull ■ prices expected to fall. '.