ENGLISH AND FOREIGN MARKETS.

Temuka Leader, Issue 2399, 23 August 1892, Page 4

ENGLISH AND FOREIGN MARKETS.

London, August 18. The Receiver and Committee of the Mercantile Bank are profoundly astonished at the report of the Investigation Committee, which was made public to-day. They consider that the Melbourne board has been guilty of culpable negligence, and are considering whether proceedings should not be instituted against the members of it. They are also much incensed at Sir Matthew Davies having given a very different report as to the bank’s posiiion while in London recently, and consider that this exposure, taken iointly with the withdrawal of the Scotch deposits will have an effect on the other banks. The Receiver is making an immediate call of £1 per shore, and the balance will be extended over a period of two years. Aug. 1!). Disquieting rumours are afloat in the city as to the position of one or two Australian mercantile firms.

New Zealand 4 per cent, inscribed stock, 104 j-; do, 94V New Zealand iong-beried wheat, ex warehouse, 32s 9d; market flat. Adelaide wheat, ex warehouse, 345. Victorian do., 335; market for both weaker. Australian cargoes off coast are on offer at 31s 6d, but buyers are only disposed to give 30s Gd. For New Zealand wheat, off coast, 30s is wanted ; buyers offer, 29s Gd. New Zealand patent flour, 255. Colonial barley, 24s Gd ; oats, fine, 27s Gd; common, 255; beans, 35s 9d. Wellington mutton, 3|d; beef, forequarters, 2^d; hind-quarters, 3^d. New Zealand hemp is in good demand at an advance of from 5s to 10s. Good Wellington lias realised £2O. Silver, 3fi l§d. The Bradford wool market is firm, and fair business is doing.