MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2416, 25 October 1892, Page 4

MONETARY AND COMMERCIAL.

London, October 20. Half a million of gold was withdrawn from the Bank of England yesterday. A new Chilian loan of £1,800,000 at 3|- per cent was subscribed thirtyfold. Oct. 21. An additional £400,000 in gold was withdrawn from the Bank of England to-day, chiefly for export in Russia. Oct. 22. New Zealand 4 per cent inscribed stock, 101j[; ditto per cent, 97. New Zealand long-berried wheat, ex warehouse, 33s 6d, market firmer.

Mutton, Canterbury, ton, 4-|d ; beef, forequarters, 8-^d; hindquarters, 4d. New Zealand hemp, with a very strong market, has advanced 80s to 40s. Fair to medium realised at auction £26 10s.

Kauri gum is in large supply, but much of that now in the market is of inferior quality, and two-thirds were sold at a reduction of 5s to 10s. Pale hard-scraped, £7 15s; three-quarters scraped, £4 10s. Danish butter £7. The wool market is active, and there is a good demand. Adelaide wheat, ex warehouse, 34s Gel ; Victorian ditto, o4s. The market for both is firmer. Mr Lowes, the wheat expert, estimates that England will require to import between 22,000,000qrs and 20,000,000qrs of wheat this season. The attempt to float the Persian loan has failed. Paris, Oct. 21. It is reported that CountD'Aubigny's success in establishing a commercial convention with Morocco will benefit the Great Powers, owing to the inclusion of the favored nation clause. Calcutta, Oct. 20. A Ceylon 5 per cent, loan of 1,000,000 rupees has been subscribed two-fold in Colombo.