COMMERCIAL.

Temuka Leader, Issue 2393, 9 August 1892, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The following is the Corn Exchange report (per E. Denham, Secretary), for the week ending August 6th : Wheat—Considerable anxiety is shown by Australian and our local exporters as to the sales of a number of cargoes now 011 the way ; in any case the result would be heavy losses. The demand for good prilling we do not think can maintain at the present, (comparatively) high rates. With regard to the large quantity of “ faulty,” it is a matter of serious thought what to do with it; there are no buyers. Barley cable confirms our last report, and they are saleable at better prices, and we think good property to hold. Potatoes—We cannot say anything about them, but to oblige a friend, who says we have never used the word nominal in our report, we will do so this time to oblige him. Grass Seed—Plenty offering, but not a great enquiry, Butter—Some sold this week at Is 3d per lb, packages extra. This fact should give an impetus to the dairy farmers to support the new factoiy just starting. The following are prices paid to fanners, f.0.b., packages extra : Wheat —Prime tuscan and pearl, 3s 8d Barley Pearling, 2s 6d to 2s 7d malting, 3s 6d to 4s. Oats —Milling, 2s; others, Is 7d to Is lOd. Ryegrass—Machined, 3s 6d. We have on hand several grand lines at this price. Peas and Beans —As last, Butter—Factory, Is 3d. Cheese—3d to 4|d. Potatoes —Nominal.

ENGLISH AND FOREIGN MARKETS. LONpflN, August 4. The quantity of wheat and floor afloat for the United Kingdom is 2,104,000 quarters, and for the Continent 792,000. An Australian cargo of wheat, off coast, sold for flqs ; ditto, New Zealand, 32s 9d. Union S.S. Company's shares, £9 10s ; New Zealand Shipping Opnipany, £2 15s. New Zealand 4 per cent inscribed fflopk, 105 ; 3i do., 94. New Zealand long berried wheat is firm at 335. Canterbury mutton, 3-Jd; lamb, 6d ; beef, forequarters, 2|d. The New Zealand market is quiet. Fair quality realises from £lB to £l9 per ton. South Australian wheat is firm at 34s Gd; Victorian is also firm at 33s Gel. Mr Mnnro, Agent-General for Victoria approves of Sir M. Davies’ proposal that the cniy way fq realise the assets of the Mercantile Bank is to py.tend the time over a period of five years. He considers that it would be foolish to cause pressure by calls, which would result in only £50,000 being collected, instead of half a million. Mr adds that the personae). of the directors anfl tj»e management of tjie institution arc sound. But the wave of depression sweeping oyer the colony had been exceptionally severe. August (I. The certificate of Henry Hoare was suspended by the Bankruptcy Court for five years. Tile Waikato Riverside Estate Conipany has been registerp/f with a capital of £20,000. The Round Hill Goldmining Company of Otago has been registered with a capital of £501)00. (Hlvor quiet at 3s 2jd per oz., which is tlie lowest 911 record. Ramsflens’ failure in tli£ spinning trade has greatly impressed Ib'-Mf 01 '*! market. There is a general feeling of insecurity. Berlin, August 4,

The Fremdenblatt says Russia feels the nee.4 of establishing commercial relations with Germany, specially in financial matters, as France is ceainpg to assist her. Washington, August iff The Vanderbilt trust is being formed yith a capital of £1,750,000.

Amalgamated Society of Railway Servants.—A deputation from the Amalgamated Society of Railway Servants vaulted on Mr Seddon at Wellington on Vv r ednesday night. Those present were Messrs Sandfor-.1, J. W. Kelly, Joyce. Tanner Hogg, Pinkerton, Earnshaw, and W. Hutchison, M.H Rs., Skinner, (Manawatau Railway Company), Blake (Wanganui branch of the Society), W. Hoban, (President of the Society), and W. J. Edwards Secretary of the Society). Mr Hoban acted as spokesman. The principal points that the men wished the commissioners to consider were these : The railway men were strongly in favour of the establishment of a board of appeal, which would prevent cases of injustice and hardship to the men, friquent instances of which had cropped up of late. The society was willing that the expense attached to an appeal should be borne by the person against whom judgment was given. He would suggest that the board should not consist of officers of the Department, but of well-known and reliable citizens, with a Minister of the Crown as chairman. The conference had carefully considered the Industrial Conciliation Bill, and had passed a recolution srougly urging the Government to pass the measure this session. Mr Hoban then went into the grievances which the plateiayeig considered they laboured under. In reply Mr Seddon said in some cases the Commissioners had already agreed that shunters should be over 20 years of age — that boys should not be employed at the work. The Government could not see their way to introduce the Railway Commissioners Insurance Bill. He would place the suggestion as to boards of appeal before his colleagues and the Commissioners, and if possible a clause would be inserted in the Government Bill giving effect to the wish of the society. He could assure the deputation that the Government would do the best in their power to get a Board of Conciliation Bill passed this session. With re erence to the friendly societies certificate in cases of illness he could not sec why a doctor could not give a duplicate certificate which would meet the case. He failed to see why the Commissioners could not grant a holiday to the men on Labour Day. He would meet the Commissioners on the matters brought forward by the deputation and would endeavour to bring the employees and the Commissioners together on more friendly terms.