AUSTRALIAN MARKETS.

Temuka Leader, Issue 2381, 12 July 1892, Page 4

AUSTRALIAN MARKETS.

Sydney, July 9. Butter, dairy, Is Cd; factory, lsßd. Melbourne, July 10. The Victorian Mutual Building Society has suspended payment. The half yearly meeting was held only last week, but no dividend was declared, although £12,000 was carried forward to next year's account. Heavy withdrawals'have taken place since, and the directors felt themselves bound to suspend payment, at all events for a time. The'position of the society has not been disclosed, but the directors declare that the institution is perfectly sound.

ENGLISH AND FOREIGN MARKETS. London. July 7. Victorian per cents, have dropped to 91f. The Daily Telegraph says that no less than £50,000,000 were subscribed for the Transvaal o per cent loan. Last month's exports showed a decrease of £300,000, and imports of £4.000,000. The wool markets show steady competition, and there is an advance in prices owing to the approach of the close of the series. New Zealand 4 per cent, inscribed" stock 103£; 3h per cent, ditto., 94". New Zealand long berried wheat is flat, at 34s 6d; for off coast cargoes sellers ask 6'4s Gd, but buyers only i offer 33s (id.

Canterbury lamb, ofd per lb. At the auctions to-day New Zealand hemp was stagnated and everything was withdrawn. South Australian wheat is weaker at 3os 3d. Victorian is also weaker at 34s 6d. July 9. The Union Bank ha* declared a dividend of 12 per cent., and carried forward £II,OOO. The Bradford wool market has not improved. Crossbred tops show a slight decline. Merinos are weaker. A committee of the holders of New Plymouth harbor debentures has been formed to act in conjunction with the council of foreign bondholders to protect, the interests of* the debenture holders. Ottawa, July 8. Canada has increased the tariff on sugar, treacle, and tobacco imported from countries refusing to concede to the British colonies, the " most favored nation clause."