MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2724, 13 October 1894, Page 3

MONETARY AND COMMERCIAL.

— - Ijosuom, HabbitsHiiif) iuo i« "*'■ .ctober (. Mofihuid akin- . -.roug demand. New - are ju heavy supply and are .jwor, while medium and inferior show •-. £d increase. The imports for the month show an increase in vaiuo of £1.1,000 and the exports decrease of £BO-1,000. The agent of a Sydney meat preserving company has secured a largo Admiralty contract. A portion of the provisions is for Malta. Mr S. Fraser, of Victoria, is offering to supply dealers with a hundred live cattle tree, if they will arrange to thoroughly tost the possibilities of the trade. October S, The Times urges the colonial Governments to reduce the cost of production of wheat ju order to enable Australia to com-

pete on the beat terms with the rest of the world, and goes on to say that if Victoria fails to balance her financial position byproduction from the natural wealth of the soil she certainly will not succeed by manufactures which consumers are compelled to purchase at 35 per cent, above their value. The Standard's New York correspondent telegraphs that some of the wool buyers in the United States are cancelling their foreign orders for consignments, as it is reported that local producers find that the new tariff is favorable for greater activity on their part in wool growing. The average price of English wheat is 18s 2d. October 9. At the wool sales there was good competition, and prices were well maintained. October 10. The wool Bales are postponed owing to the fog. A cargo of Australian wheat off coast sold at 22s 3d.