MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2458, 31 January 1893, Page 4

MONETARY AND COMMERCIAL.

London, January 27. New Zealand 4 per cent, inscribed stock, 105£; 3| per cent, ditto, 96£. New Zealand long-berried wheat, ex warehouse, is flat at 325, For Kauri gum there is fair competition, and prices are firm. Good pale scraped, £7 10s ; fine scraped, £3 ; quarter scraped, £5 ; pickings, 53s ; fine chips, 85s. Dairy-made butter, ex Tainui, 104 s per cwt; factory-made, 108 sto 112 s, New Zealand cheese, 52s to 545. South Australian wheat, ex warehouse, is flat at 33s 6d ; Victorian, ex warehouse, 335.

The American visible supply of wheat is 197,910,000 bushels.

Canterbury mutton, 4|d ; Wellington, 3|d ; beef, fore-quarters, 2jd ; hindquarters, 3fd. Hemp—Manilla is steady. There are no New Zealand consignments offering. Prices are unchanged. At the wool sales a splendid selection of Victorian wool is offering. Prices show an upward tendency for high class combing. American buyers operated heavily. Victorian realised from lOd to 12*d. In reply to a deputation representing Queensland, Mr Woodall promised to apply to Parliament for a vote to enable the necessary plant to be procured for the storage of frozen meat at Gibraltar. If the test were successful the system would be extended.

Nelson Brothers have declared a dividend of 10 per cent. The bank rate of discount is 2£ per cent.

The Duke of Westminster’s cargo o: meat has arrived in fair condition.

At the wool sales to-day, 15,000 bales were oifered. For crossbred competition was keen, but for merinos uneven. Prices for inferior wools were slightly weaker. Victorian wheat sold at 8d to lid. The bank rate of discount was reduced as a concession to the London Joint Stock Banks, which were losing money on deposits through allowing interest only 1-’- per cent, below the minimum. Mr Beerholm estimates that the Australian wheat surplus will amount to 2,000,000 quarters

Sydnby, Jan. 27

Commenting on the criticism of the Investors’ Review, the Colonial Treasurer points out that the total assets of the colony amount to £173,000,000, agains'' liability for borrowed money o £55,000,000

Melbourne, Jan. 27.

The Government intend to pursue a vigorous policy of retrenchment in the Public Service, and it is improbable that fresh taxation will be imposed, but much will depend on the success of the loca' loan of £750,000

Hobart, Jan. 27

At a meeting of shareholders of the Yan Diemen’s Land Bank, the chairman said if the estimates were realised about £33,000 of liability would remain, necessitating a call of £1 per share. Adelaide, Jan. 27.

Tenders for the Treasury bills bearing interest at £4 Xls 3d per cent, per annum, will close on February 13th.