COMMERCIAL.
ENGLISH MONEY MARKET AND CITF INTELLIGENCE. The Money Market has boon generally steady since, our last report at the Bank minimum — viz., 4 per cent, for short dated paper, and at 4^ to 5$ pur cent; for four and six months' bills. The tendency latterly has been towards increased ease, and the market closes to-day quiet at the subjoined quotations for first-class credits : 30 days to 00 days ... 3i per cent. 3 months . . 4 per cent. 4 months .. 4i per cent. G months — bank bills ... 4| per cent. — trade ditto ... stos£parct. Tenders were received on the 10th July by the Union Bank of Australia for £i 5,000, 8 per cent, debentures having 14 years to run, for the Province of Wellirgton, New Zealand. The biddings amounted to £90,000, of which £30,500 were above the minimum of £110. Those ranging between £115 Is and £110 7s 6d were 1 accepted in full, and £1900 was allotted to a tender of ss. The Stock Exchange committee have agreed to allow the shares of tho Bank of Otago to be I quoted in the daily list. Tho shares of the New Zealand Banking Corporation (limited), for which a settling day was appointed for tho 22nd July, have been ordered by tho committee of the Stock Exchange to bo quoted in the official daily list.
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Bibliographic details
Wellington Independent, Volume XVIII, Issue 1961, 24 September 1863, Page 1
Word Count
222COMMERCIAL. Wellington Independent, Volume XVIII, Issue 1961, 24 September 1863, Page 1
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