MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2554, 12 September 1893, Page 4

MONETARY AND COMMERCIAL.

London, September 7. The profits uf tb.o Bank of Australasia amount to £OO,OOO, with £19,900 brought forward. A dividend of 7J per aonfc P? the half lyear was declared, and £IO,OOO carried forward to next yean' account. Last, month the imports increased by £158,000, and the exports decreased by £500,000. , . . Mr Weddell is opposed to the project for establishing stores for colonial produce. He considers that they would not pay rent and expenses. Mr Arthur Clayden strongly supports Mr Want's scheme. September 8. Mr Valentine, the recently appointed dairy expert for New Zealand, advfeeathe opening o£ a New Zealand meat depot at Hamburg. New Zealand long-berried wheat, ex warehouse, 28s, firm; South Australian wheat, ex warehouse, 295, firm; Victorian do, 295, firm,

Mutton, first quality, 3§d; second quality, 3§d. Lamb, first quality, 3sd. Hemp is in better demand. Wellington, j fair quality, £l9 2s 6d. Eight thousand quarters of Australian wheat have been sold at 29s 6d. Danish butter, 1325. The market for combed wool is steady and quiet. New South Wales 4 per cent, inscribed stock, 105 ; 3£ do, 92J ; Victorian 4 per cent, inscribed stock, 100; 3£ do, 88 ; South Australian 4 per cent, do, 104; 3£ do, 93£ ; Queensland 4 per cent, do, 100 ; 3$ do, 87 ; New Zealand 4 per cent, do, 105 1 ; 3i do, 95 ; Tasmanian, 3 % do, 88 J ; Western Australian 4 per cent., 104. Three months' bills are discounted at 3 per cent. The new shares in the English, Scottish, and Australian Chartered Bank have virtually all been taken up. September 10. The Times states that the threshing of the English wheat crop will show an average of 82 per cent, of the previous yield, and that the quality is excellent.