MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2429, 24 November 1892, Page 4

MONETARY AND COMMERCIAL.

London, November 18. The bulk of the Austral’s butter realised 112 sto 120 s per cwt. Complaints were made that many of the boxes were -g-lb to 11b too light. The Aorangi’s butter was equal to the Austral’s in quality and packing, and reached a similar price. South Australian wheat, 84s flat ,* Victorian, 88s 3d, flat. For Australian cargoes of wheat, new crop, early shipment, sellers are asking 38s 3d, but buyers will not give more than 82s Od.

No. 1 best Scotch pig iron f.o.b. in the Clyde, 42s firm. The creditors of Messrs W. Perry and Co., Sydney, (who were unable to fulfil the arrangement for paying the composition at first agreed upon) have unanimously accepted 7s fid in the £, to be paid now, and another 3s Gd in six months. Much sympathy is felt for the firm.

Nov. 20< Tallow, medium mutton, 2Gs od; beef. 2os fid.

The English ami American wheat markets are dull, and the Continental firm.

The wool market is cheerful, and the prospects brighter.

The Mercantile Bank committee in London refuse to distribute Sir Michael Davies’ pamphlet. Public opinion in the city strongly condemns the inaction of the Victorian Government. It is contended that they ought to prosecute the directors of the Mercantile Bank as a precedent. Nov. 21. Shares in theßroken Hill Proprietory Company are being bought in large numbers at from £o 17s Gd to £G 18s !)d pei share. It isthought that the “ bears ” were caught short of “ shares.” Nov. 22. The Land and Loan Company of New Zealand carry forward to next year’s account the sum of £BOOO, but do not declare a dividend, owing to some of the bills sent to the colony for collection being dishonoured. Pauls, Nov. IS. The Russian Government are again attempting to float a loan of 200,000,000 francs in Paris. ADELAIDE, Nov. 18. In reply to Mr Jennings, the Premier said the colonies have no authority to negotiate for a reciprocity treaty with the United States. Experts estimate that the wheat yield will average 1,0 bushels,

NV. 22. ! A report furnished by Sir J. C. Bray Agent-General, on the frozen meat trade shows that the lead taken by New Zealand has resulted chiefly from the care whicli has been taken to secure the good quality of the meat. Brussels, Nov. 22. The debates at the Silver Conference are conducted *in private. Each State is allowed a single vote. It is believed that England opposes bimetalism, and it is believed that a majority of the delegates are in favour of it. It is now denied that the Italian Government will secede from the Conference, and also that they will secede from the Latin Union (that of France, Belgium, Italy, and Switzerland) to mantain the use of the same coinage.