ENGLISH AND FOREIGN MARKETS.
London, July 30. Wheat, off coast, 335. The English wheat market is lifeless, the Continental steady, and the American declining. Forward business in Australian cargoes is inactive. JN’o Australasian cargoes are off coast or in ports in call. July 31. Bankers and brokers disapprove of the new Victorian loan duties and the increase in postage and probate. They consider that it would be better to borrow and go in for severe retrenchment. The deficit will not affect stock. They approve of the railway retrenchment and tiie absentee tax. Mr Munro, the Agent-General for Victoria, says that the statements made by the Investors’ Review refute themselves. He denounces them as outrageous and untrue. He denies that he said the colony must have money or the Government would make default to the public creditor. The Melbourne Banks would have given the Government credit for £1,000,000 at the time the last loan was offered. It is stated that the butchers are substituting New Zealand lambs and sheep for English and Scotch in consequence of the enormous profits to be made out of them. Beulin, July 31. Prussia is floating a £2,000,000 loan.
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Temuka Leader, Issue 2391, 4 August 1892, Page 4
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193ENGLISH AND FOREIGN MARKETS. Temuka Leader, Issue 2391, 4 August 1892, Page 4
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