COMMERCIAL.

Timaru Herald, Volume XVII, Issue 818, 20 November 1872, Page 3

COMMERCIAL.

Money is stringent. Queensland sixes, January July 113 ; Tasmanian, 109^; Bank Australasia shares, 55^ ; Union, 46£ ; London Chartered, 20.f ; National Australasia, 535. Copper is steady from £92. Australian tin-ore, £85 to £95. Inferior, £44. Tallow is steady. Petrolium, 9£. New Zealand hemp, £32 to £38. London, Nov. 10. Money is tightening. Discount is at 7. Secretary Fish has tendered his resignation, and will relinquish hia post m March. The next Gaxet le will publish tho terms of the French Treaty, m regard to important duties, which will come into operation on Ist Dec. viz : — Wool (greasy), 3 francs 7 centimes ; washed do, 6 francs 14 centimes. Bar copper, 70 francs 12 centimes. Tin 15 f rans each per 100 kilogrammes. A Commission is to be appointed to meet ab Paris to discuss certain unsettled questions respecting the duties, and the commissioners will afterwards make inquiry into the fishery laws. It is believed that Holland contemplates the establishment of a gold currency. The exports for October amount to £22,657,736. Legado is elected President of the Mexican Republic. At a banquet at the Guildhall, Earl Granvilledidnot touch upon Home affairs, but he referred at length to the American claims, and said that the verdict of the Geneva tribunal affected the purse not the honor of the country ; and advised England to pay without grumbling. He should be ready to give full explanations Dn the opening of Parliament. He strongly attacked the slave trade, and remarked that a Government which resolved to maintain the honor and interest of England were desirous to promote peace everywhere. Archbishop Polding and the clergy have transmitted to the Pope a telegram to which the following reply, dated Nov. 8, lias been received: — "The supreme Pontiff receives with great pleasure the congratulations of the Archbishop, and the wish of the assembled clergy, and most willingly transmits, through the swift electric current, the benediction asked for." Not Reuter's, but another telegram re;eived here yesterday says that at Boston m Sunday, a most disastrous fire broke Dut that morning. Whole buildings m the ;ommercial quarter to the centre streets tvere destroyed. Other buildings were blown up to stay the progress of the flames. Damage already is done to the extent of two hundred million of dollars. The fire is still progressing.