COMMERCIAL TELEGRAMS.

Otago Daily Times, Issue 10900, 6 September 1897, Page 2

COMMERCIAL TELEGRAMS.

Press Association—By Telegraph—Copyright. London, September 3. The Bank of England reserve is £24,563,000, the proportion of reserve to liability being 52 13. ■Three months' bills are discounted at 1| percent. • Consols, 11H. ' . Quotations for colonial stocks :—

The English wheat market is strong in tone, but prices are unchanged. The Continental is inactive, and the American tending downwards. The American visible wheat supply is estimated at 90.3G2.000 bushels. OaliforDisn No. 1 is quoted at 3Ss; Russian, 375. London quotations for hard Dulutb, 41s. Tbe Bradford wool market is firm. Sugar, firm. German, 8s 9d; Java, 8s lid. Pig iron, 42s 4£d. Tha Northern Investment .Company or New Zealand have declared a dividend of 8 per cent., and carried forward L 896.

I ' I Variations compared with last week ■ —" Price. 4% N.S.W 3J- \ N.S.W 3 % N.S.W- - 4 % Victorian ;!.} % Victorian 3J- % South Australian . ... 3 % South Australian 4^ Queensland 3J % Queensland 3j % Tasmaniau 3-J- % West Australian 4 % New Zealand ... :.. 3.} % New Zealand ... ... 3 % New Zealand ... £ ■ s. d. 1-22 0 0 107 10 0 100 15 0 113 10 0 lor 15 o 111 0 0 )0(l 00 114 0 0 107 15 0 109 0 0 109 0 0 116 10 0 108 15 0 99 15 0 53 lower unchanged 25s lower unchanged 5s lower 20s lower' 20s higher 5s lower 5s lower unchanged 5s higher 5? highnc 20s lowur