MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2449, 10 January 1893, Page 4

MONETARY AND COMMERCIAL.

London, January 5. New Zealand 4 per cent, inscribed stock, 105; 3J do, 96. New Zealand long-berried wheat, ex warehouse, 32s 6d, firm. Mutton, Canterbury, 4Jd; Wellington, 3id. Beef, forequarters, 2Jd. Hemp is unchanged. South Australian wheat, ex warehouse, 345, firmer; Victorian, ditto, 33s 6d, firmer. The London and Westminster Bank has declared a dividend of oh per cent, for the half-year, and carried forward £60,000 to the reserve fund.

The exports from Great Britain to Victoria during 1892, compared with the previous year, show a decline in value of £2,670,000, The decrease of exports to New South Wales was £2,330,000; to Queensland, £429,000; and to South Australia, £600,000. The exports to New Zealaudfor the year increased by £300,000. The proposal of Lord Onslow to legislate in the direction of preventing frozen mutton frauds is being criticised in the city. Mr Perceval, Agent-General for New Zealand, ridicules the idea of branding or dyeing carcases. It is expected that the depositors in the Liberator Permanent Building Society will receive 3s. in the £, and the shareholders nothing. Jan. 6. There is an improvement in the demand for hemp. New Zealand, medium quality, is quoted at £25105. Manilla has risen 10s. Danish butter is realising 124 s per cwt. The American visible supply of wheat is estimated at 1,700,000 bushels. Money is very cheap, owing to the impending payment of dividends. The Agent-General of New South Wales is making enquiries from the leading graziers as to the yield of mutton and wool from certain breeds of sheep. Jan. 7. A parcel of Australian wheat, JanuaryFebruary shipment, sold at 31s 3d per quarter. At the sheepskin sales there was irregular competition. Half- woolled greasy merino crossbreds showed Jd per Jb decline. The stock of flour at the various ports of the United Kingdom at the end of the year was 1,300,000 quarters, being double the quantity at the same time in the previous year. Jan. 8. The New Zealand Loan and Mercantile Agency Company pay a dividend of 10 per cent., and carry forward £5600. Nothing is placed to the reserve fund, the directors wishing to make larger provision for possible contingencies owing to the depression in Australia, Paris, Jan. 6. The depreciation in stocks quoted on the Bourse during the last three weeks amounted to £110,000,000, which is attributed to the disturbed outlook. New York, Jan. 7. Mr Harter, in moving in Congress to suspend the purchase of silver until all parts of the world agree on a fixed value, failed to prove that the Cleveland Government had incurred enormous losses in the purchase of silver. Melbourne, Jan. 6. The Colonial Treasurer intends to ask Parliament to provide for the conversion of a loan of £2,107,000, and the redemption of a loan of £312,000, the debentures for which are due on Ist January next. A local loan of £750,000 at 4£ per cent, has been issued. Tenders are to be opened on the 31st xnst. 5