MONETARY AND COMMERCIAL.

Lyttelton Times, Volume LXXIX, Issue 9969, 23 February 1893, Page 5

MONETARY AND COMMERCIAL.

[Special to Press Association.] LONDON, Feb. 20. Eight thousand five hundred guarters of Australian wheat, January and February shinments, sold at 80s 9d. The rate for three months’bills has risen a quarter per cent. Bank of Ireland stock dropped 9 per cent yesterday. During the last fortnight it has receded 17 per cent. Feb. 21. Bears have depressed all Colonial stocks except those of New Zealand, Mr Holmes, formerly Secretary 16 the Foreign Bondholders’ Association, proposes that the Colonies should assign the Customs’ revenue as security for their debts, and establish a Bank to collect dues. By this means the Colonies, be believes, would induce the investment of trust funds in Colonial stocks. NEW YORK, Feb. 21. The Official Receiver appointed fop the Philadelphia and Beading Railway Company, states that the assets are ample, and that the crisis is owing to the enormous business of the Company, and the small amount of capital- The prospects of the Company are sound. OTTAWA, Feb. 21. The Canadian Government has subsidised a line of steamers to trade to French ports. SHIPPING LONDON, Feb. 21. Arrived—Pakeha. Messrs Dalgety and Company Limited have received cable advice of the safe arrival at London of the s.s. Pakeha, on Feb, 20, with her cargo of meat in good condition. SYDNEY, Feb. 22. Wheat.—Chick, 2a lOd to 2s lid; milling, 3s fid. Flour.—New Zealand, roller, up to XB. Oats, feeding, 2a 7d to 2a lOd; seed, 2a 9d. Maize—nominally 6s 3d. Barley, Cape, Ss, Peas, Prussian Blue, 4a 2d. Bran, Od. Pollard, Potatoes—Local, £3 15a; Circular Heads, £4> 15a. Onions. —£2 15a to X 3. Butter.—Dairy, 5d to 6d; factory, Bd. Cheese, 4jd. Bacon.—New Zealand, prime, B£d to Bid. Hams, nominally lOd to lid. MELBOURNE. Feb. 22. Wheat, 3s to 3a Hd. Flour, atone, £7 os; roller, XB, Oats, Algerian, Is 4£d to la 7d; stout 2s Id to 2a lid. Barley, malting 4s 6d to 4s 7d. Maize, 4s 3d. Bran B£d. Pollard 9d. ADELAIDE, Feb. 22. Wheat.—3a 3d. Flour, roller, slow of sale, £9 7a fid. Oats, 3a 3d to 3a 4d. Barley, malting, 4a 3d to 4a 9d. Bran 9d. Pollard 9*d. The National Mortgage and Agency Company, Limited, has received the following cable message : “ Pakeha arrived London, meat good, morning Feb. 20. The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable 1 message, dated LONDON, Feb. 21. Wheat.—Market!?, depressed, New

Zealand wheat, average and longberried are worth respectively 29s 6d and 31a 6d per 4961 b. New Zealand wheat f.a.q. is worth, c.i.f., to arrive 25s 6d per 4801 b. Values are nominal.