COMMERCIAL.

South Canterbury Times, Issue 7076, 23 February 1893, Page 1

COMMERCIAL.

(Per Electric Telegraph—Copyright.) (Per Press Association.) (Received 7.30 p.ta„ Feb. 21at.) New York, Feb. 21. Intense excitement was occasioned in Wall street owing to an official receiver being appointed for the Philadelphia and Reading Railway Company. A million ! shares were sold in two hours. ! (Received 11 a.m., Feb. 22ad.) London, Feb. 21, Eight thousand five hundred quarters of Australian wheat, January and February shipments, have been sold at 30s 9d. (Received 12 5 p.m>, Feb. 22nd.) The rate for three months’ bills has risen J per cent. Sydney, Fob. 23. Wheat, chick, 2s lid ; milling, 3® fid. Flour, New Zealand roller-made, up to £B. Oats, feeding, 2s Td to 2o lOd ; seed, 2a fid. Maize, nominally, 6a 3d. Barley, Cape, 3s. Peas, Prussian Blue, 4s 2d. Bran, 9d; pollard, B|d. Potatoes, local, £3lsa; Circular Head, £4 10s. Onions, £2lss to £3. Butter, dairy-made, 5d to fid; factorymade, Bd. Cheese, 4|d. Bacon, New Zealand prime, B£d to Bsd ; hams, nominally lOd to lid. Melbourne, Feb. 22. Wheat, 3a to 3s l£d. Flour, stone-made, £7 6d; roller-made, £B.

Oats, Algerian, la 4£d to Is 7d ; stout, 2s Id to 2a l^d. Barley, malting, 4a 6d to 4s 7d. Maize, 5a 3d. Bran, Bsd; pollard, 9d. Adelaide, Feb. 22. Wheat, 3a 3d, Flour, roller-made, slow of sale, £9 7s 6d. Oats, 3a 3d to 3s 4d. Barley, malting, 4a 3d to 4a 9d. Bran, 9d ; pollard, 9|d. (Sjboial to Press Association.) (Becdvcd 7 p.m., Fob. JSJatl.) London, Feb, 21. “Bears” have depressed all colonial stocks except those of New Zealand. Mr Holmes, formerly secretary to the foreign bondholders, proposes that the colonies should assign their Customs revenue as security for their debts, and establish e bank to collect the doss. By

this means the colonies, he believes, would induce the investment of trust funds in colonial stocks. New York, Feb. 21. The official receiver appointed for 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.