MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2431, 29 November 1892, Page 4

MONETARY AND COMMERCIAL.

London, November 24. The butter market is dull, but is expected to show more activity about Christinas time. Supplies from Normandy are abundant. A December shipment of Australian wheat has been sold at 30s 6d. The opening of the wool sales is postponed till to-morrow. So far the Bradford market has been quiet. Stocks are low and prices very firm but no advance is expected in tops and yarns, though consumers will book readily at old prices. It is anticipated that at the wool sales good merinos will show an advance of 6 per cent, over the last series. Crossbreds are likely to be scarce throughout the sales. There is a very large attendance of buyers, and the home trade is in buoyant spirits, but American competition is likely to be weak. One firm offers 8795 bales of a better selection than usual, comprising a good proportion of the new clip. New Zealand 4 per cent, inscribed stock, 105-|; 3 per cent, ditto., 98. New Zealand long-berried wheat, ex warehouse, restricted at 31s. Frozen meat quotations are unchanged. Danish butter has realised 128 s. The weather is very mild. The butter ex Massilia is inferior; and the consignment ex Austral realised for dairv-made from 94s to 965; factorymade, from 112 s to 120 s. A few choice lots brought as high as 1245. South Australian wheat, ex warehouse, is flat at 335; Victorian, ex warehouse, is also flat at 32s 3d, Nov. 25. Messrs Nelson Bros, urge the imposition of a tax upon each imported carcase of mutton for the purpose of providing a bonus to enable the Argentine trade to be competed with and stopped. They advise the establishment of the industry on a large scale, and thus to anticipate the development of the Argentine supply. The imports are already almost sufficient for England’s requirements, and other outlets are wanted. The firm does not approve of the rough - and - ready methods employed by the Queensland exporters. Nov. 26. The wool sales opened to-day. Crossbreds brought 5 per cent, and merinos 5 per cent, to per cent, in advance of last sales. Medium sorts are most in demand. Nov. 27. A South Australian syndicate operating in London have netted £67,000 in dealing in Broken Hill shares. At the wool sales there was a crowded attendance of all sections of the trade. Competition was exceedingly brisk. The American competition is weak, and the Continental took the bulk of the stock. Advances showed themselves most in medium and inferior merinos. Queensland clips ranged from 9d to 94d. There are great complaints in the city at the hawking indulged in in connection with colonial loans, and investors complain that it is not fair competition, and that there is no trusting in the promises of the Government, All colonial stocks have fallen \ per cent. The frozen meat ex Massilia is being landed in good condition, but the lamb is too thin for the trade. The wethers are satisfactory. Melbourne, Nov. 25. Notice of motion has been given in the Legislative Assembly calling on the Government to investigate the recent financial transactions of the companies who have suspended payment, Nov. 27.

Up to date 1300 tons of* batter have been shipped to the English market this season.