MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2428, 22 November 1892, Page 3

MONETARY AND COMMERCIAL.

London, November 17. Reports from the wool consuming countries convey the general impression that prices will rise at next series. There is a good enquiry for Bradford tops. The Pall Mall Gazette advises that a tax should be imposed on foreign wool to prevent the Australian product going to America. Nov. 18. At a meeting of the Land Company of Australasia, Limited, it was decided not to declare a dividend for a year. Mr John Thynne, chairman, stated that after providing for £27,000 doubtful debts and writing off'£93,ooo to the reserve and suspense accounts there remains a deficiency of £105,000 to profit and loss account after revaluation of properties. New Zealand 4 per cent, inscribed stock, 105 ; 34 ditto, 97. New Zealand long-berried wheat, ex warehouse, 335, restricted. Canterbury mutton, 4d ; Wellington ditto, 3£d. Beef, forequarters, 3|d : hindquarters, 3fd. Hemp is very firm, but there have been few sales owing to the high prices. The Peninsular and Oriental Company’s dividend for the year is, for preferred shares, 5 per cent, ; deferred shares, 1 per cent. Sydney, Nov. 19.

New Zealand potatoes are selling at fancy prices, the market being almost bare. Quotations have advanced to £4 10s and £4 15s per ton.