COMMERCIAL.

Otago Daily Times, Issue 6869, 21 February 1884, Page 2

COMMERCIAL.

Diiiy Sla«a OScio, Wednesday orctiipg. Ih« lißSuai o! Cngloma Serenne racelved to-i'ny Co goodl actarei toy ccseiia.pUoi: vn £1325 3s IUL

Tho "Insurance and Banking Record" announces tho following as tho current rates:—"Tho leading banks allow to depositors interest at the following rates: Deposited for three months, i per cent.; six months, 5 per cent,; 12 months and over, 6 per cent. Theio is no allowance of ictonat for Eums deposited for a Bhortor time The charge made by the leading banks for discount of mercantile paper is as follows: Currency of Ihreo months, 7 per cent.; beyond thrco months, 8 per cent.; overdrafts, 'J per cent. Tho leading banks' rato (since January 31) for drafts on London at C 3 days' sight haa been par selling, and 1} per cent, discount buying rato.

MINING.

NOTES FROM REEFTON. [By Trlboraph.J (FROM OUR OWN CORRESPONDENT.)

Reefion, February 20. Inglowood Extended—The battery contractors say thoy will bo finished in three weeks' time. If so, crushing will be commonced a week later. No. 2 Welcome.—All slnres in tbia Company forfeited for non-payment of cills are advertised to bo sold by public auction on March 1. • Oriental.-it \a understood that the battory has been laid up, and operations suspended in the mine, pending tho decision of tho directors as to the future course of procedure