COMMERCIAL.

Temuka Leader, Issue 2245, 25 August 1891, Page 4

COMMERCIAL.

ENGLISH AND FOREIGN MARKETS: London, August 21. A cargo of wheat by the Ben Nevis, from Timarti.'has been sold at about 41s, Heavy: rainfalls in the south of England are damaging the crops. August 22. ' Bad reports of the grain yield have had the effect of hardening the wheat and flour markets. At , Mark Lane there is an advance'of Is, while on the Continent it is even greater. > Paris;" August" 22. The Bank of France is husbanding its gold, and intends to purchase American; wheat to the extent of 100,000,000 francs." Berlin, August 20.

Commercial depression is expected in Germany as the result of the fluctuations j.in the ; grain market. St. Petersburg, August 21. The Bussian Government consider that the prohibition of the export of rye will conserve the'grainproduct of the cdiihtry sufficiently to allow the export of other cereals. , No export duty will be imposed on wheat. " Madrid/ August ' 22. >.. The Spanish Government have decided to terminate the commercial treaties which accord to British colonies the most i favored nation treatment. I , Ottawa; August 22. The official-estimate of the Canadian wheat,crop is 62,000,000 bushels,-which will' give>3s;ooo,ooo for export. This is triple Mast-year's surplus. Washington, August 21. -The 1 American Wheat Trust has failed for 4,000,000 dollars. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following 'cable advice from their London office, dated 21st August:— Tallow—Market easier. Tallow haß declined 3d per cwt since last report. Frozen Meat—Mutten market dull; beef market dull; quotations for both are unchanged since last telegram. Lamb market firmer; prime New- Zealand lambs iare worth s|d per Id. Wheat—Weather very unsettled; wheat maket has an upward tendency. The Canterbury Frozen Meat Company have received cable advice from London quoting their brand of mutton at 4jd, market stationary; lamb at sgd, market rising.