ENGLISH AND FOREIGN MARKETS.

Temuka Leader, Issue 2310, 26 January 1892, Page 3

ENGLISH AND FOREIGN MARKETS.

London, Jan, 21. The Tasmanian Government will very shortly offer Treasury bills in the London market. The amount is believed to be £500,000 4 per cents., with a minimum of 99. . 1 New Zealand 4 per cent, inscribed stock, 103 ; three and half do., 93J. New Zealand long berried wheat, 445; market flat. Wellington mutton, 3Jd; beef, hindquarters, 4jd; forequarters, 3jd. Adelaide wheat, 44s 6d, market quiet; Victorian do., 445, business restricted. Factory-made butter £6 ; prime dairymade £5 6s, market full. Complaints are general about the bad packing and irregular weighing. Jan. 22.

Consignees fear that many of the colonial wool ships will be detained by head winds and miss the market. The arrivals for the wool auction are small, and it is expected that November prices will be maintained. F Jan. 23.

The National Mortgage and Agency Company of New Zealand have declared a dividend of 6 per cent. The directors, in their report, state that if New Zealand imposes a tax on debentures, withdrawals of capital will speedily result. The Economist considers that the raising of money by Treasury bills is vicious method of finance, and that the obtaining of the temporary relief will cost heavy sacrifices in the future. The Times says that if the colonies constantly apply for loans for works not really reproductive, they must not look to the London market. Though plenty of money would be oflered for legitimate purposes it would not be obtained jis cheap as formerly. Treasury bills, it considers, are justifiable as a temporary expedient, but the issue of them must not assume dangerous dimensions. New Zealand hemp is in firm demand at an advance of 10s per ton. New South Wales Treasury bills are quoted at a premium, owing to the brokers being unable to fulfil their sales, and purchasing from the insurance companies. It ie believed that the first instalment of Queensland Treasury bills will be £500,000, and that they will be placed nearly at a similar price to those issued by New South Wales. Antwerp, Jan. 22.

At the wool sales 3500 bal es from River Plate and 1200 from Australia were among those catalogued. 1200 from River Plate were sold at a decline of a farthing on prices realised last series. Competition was fairly spirited. Paris, Jan. 93. M. Ribot, Minister of Foreign Affairs, announces that the minimum tariff will be applied to Great Britain after Ist February. 0 „ Berlin, Jan. 23,

The Committee of the Reichstag propose to admit, until April 13th, the import of corn, wine, and timber into Germany from countries not belonging to the favored nation treaty, at favored nation rates. Washington, Jan. 22. Mr Springer has introduced his Bill, providing for the repeal of the wool duties from January next.

The New Zealand Loan and Hercantile Agency Company, Limited, Christchurch, have received the following cable advice from their London office, dated Jan. 22, 1892 ; Tallow is dull of sale. Fine mutton and good beef is worth respectively 27s 3d and 25s 6d per cwt. New Zealand Hemp Market firm. Medium is worth £2O 10s per ton. Frozen Meat Market firm. New Zealand beef, forequarters, is worth 3jjd per lb. Other, quotations are unchanged.

The Canterbury Frozen Meat Company have received a cable from London quoting their brand of mutton at 4]d.