MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2401, 20 September 1892, Page 4

MONETARY AND COMMERCIAL.

London, September 15. New Zealand 4 per cent, inscribed stock, 105 ; 3£ ditto, 94J. New Zealand long-berried wheat ex warehouse, 32s 6d, with business restricted. Canterbury mutton, 4d per lb; lamb, 6d, beef, fore-quarters, 3jd per lb ; hindquarters, 4fd. The New Zealand hemp market is quiet, but prices are fully maintained. South Australian wheat ex warehouse is flat at 33s 6d ; Victorian ex warehouse is also flat at 335. Danish butter, 128 s per cwt. Sept. 17. The London Provident Bank of 51, Margate Street, E.C., has suspended payment, in consequence of the recent suspension of building societies. Only £140,000 was deposited in the bank. The Shaw, Savill and Albion Company have declared a dividend of 5 per cent. It is officially announced that the total amount withdrawn during the run on the Birckbeck bank was £1,500,000; that repayments into the bank amount to £250,000, and that £4,500,000 worth of convertible securities remain intact. Mr J. Carruthers succeeds Mr John Blackett as inspecting engineer for New Zealand in London, and will assume office in November. Mr Ballance’s withdrawal of the demand of a cash security of deposits from foreign insurance companies doing business in New Zealand, has given great satisfaction in financial circles. At the wool auctions yesterday there was good competition, and prices remain firm. New Zealand scoured wools are in good demand. The profits of the Bank of England for the half year were £735,000. A dividend of 5 per cent, was declared. It was stated at the meeting of shareholders that the liabilities of the Baring estate had been reduced to £5,000,000. At the wool auctions prices were fully maintained, and there is an upward tendency for medium greasy sorts. French buyers are very active, but German and English proceed cautiously. The freight market is very depressed, and ships are leaving port only half full. Melbourne, Sept. 17. The Government statistic report on the seasons 1891-92 shows a surprising shrinkage in production. The most striking feature is the decrease of nearly half a million gallons, or 25 per cent., in the produce of the vineyards.