COMMERCIAL.

Temuka Leader, Issue 2387, 26 July 1892, Page 4

COMMERCIAL.

AUSTRALIAN MARKETS

Sydney, July 21. Butter, dairy-made, Is id,; factorymade, Is Gd.

ENGLISH AND FOREIGN MARKETS, London. July 21. New Zealand 4- per cent. inscribed stock, 1044: 34 per cent, ditto. 944. New Zealand long-berried wheat is steady at 345. Canterbury frozen mutton, 3Jd per lb; Wellington, 3|d ; Canterbury lamb, 6§d ; Wellington lamb, (j jd. The Duke of Sutherland’s cheese arrived heated, and her mutton was in poor condition. At ihe auction sales New Zealand hemp was dull at late rates. Fair to medium quality brought from £lB IDs to £1 It per ton. South Australian wheat is firm at 355, and Victorian firmer at 345, The anxiety felt in financial circles that the recent rise in colonial stocks would induce an early renewal of borrowing has much depressed the money market. The New Zealand Loan and Mercantile Agency Company will shortly issue £500,000 four per cent, debentures at 90. Importers of fruit report the season to have been unprofitable. They complain of inferior packing, and assert that another similar seawm will destroy the market for colonial fruit. They are in favor of higher qualities of afiipies being sent, but do not believe in peaches. The. .Sydney apples were the best received, July 22. Danish butter, 108 s. The Bradford wool market is unchanged, but there is more enquiry and fair business is being dune. The prospects of the bop crop are gloomy. Vermin and mould have committed serious ravages, and the prevalent gales have damaged the plants.

A cargo of wheat ex Waalanrt trow ihe Bluff is being offered at 32s 9d. An Australian cargo is also on offer at 32s Od.

City financiers deprecate the frequent small issues of loatw at increased rates of interest, such as the New South Wales Savings Bauk loan.

The New Zealand Loan and Mercantile Agency Company’s debentures will be issued ou Tuesday at 94, redeemable in sixty years. It is understood the debentures have been fully underwritten. Bkijun. July 21. The Yossiche Zcitwng asserts that German financiers decline to assist in the floating of the Bussian loan ou the ground that poverty secures peace.