MONETARY AND COMMERCIAL.

Star (Christchurch), Issue 7065, 17 January 1891, Page 3

MONETARY AND COMMERCIAL.

BY ELECTRIC TELEGRAPH- COPYRIGHT.-]

[Special to Pbksb Association.]

£B eoeWed Jan. 17, at 10.30 a.m.~|

LONDON, JaH. 15.

The Bank of England returns published to-day show the total reserve in notes and bullion to be £16,800,000, being an increase of .£1,268,000 as compared with the previous week. The proportion of reserve to liabilities is 44"32 per cent.

Three months bills are discounted at 2| per cent. Consols, 97f

New Zealand 4 per cent inscribed stock, 106^ ; 3^ per cent do, 96.

Canterbury mutton, 4§d ; Wellington, 3§d. There is no Canterbury lamb in the market. New Zealand beef, hindquarters, 4gd.

Auckland hemp, medium quality, average ,£24 15s per ton ; Wellington, medium quality, .£23 ; the market is

strong.

New Zealand long-berried wheat is firm at 37s 9d ; South Australian and Victorian wheat also are firm at 39s and 38s 6d respectively. Copper, d£s3 per ton. Australian tin, .£92.

No 1 he3t Scotch pig iron, f.o.b. in Clyde, 47s 9d.

German sugar is firm at 12s 6d; Java sugar, 15s, nominal.

LKeceived Jon. 17, at 11 a.m.]

Jan. 18.

Sir P. D. Bell i 3 making arrangements to shortly convert the remainder of the old high-priced New Zealand loans.

The Times states that the absence of a syndicate enabled investors to obtain the Cape loan at a cheaper price than they otherwise would have done.

The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable message from their London office, dated

J_s. 16. Tallow is dull of sale. Quotations unchanged since last telegram.

New Zealand Hemp. — Market unchanged. Frozen Meat. — Market firm. Price of beef has advanced |d per lb since last report. Price of mutton unchanged.