MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2732, 1 November 1894, Page 4

MONETARY AND COMMERCIAL.

London, October 28. Tallow is unchanged. The English wheat market is steady, the Continental id active, and the American is unchanged. The butter market shows no change, business being dull. October 29. At a meeting of the English and Scottish Bank, Mr C. J. Hegan, the chairman, said that the bank had never been in so i strong a position as it was at the present; time. The policy of the directors was to concentrate business and retrench as much' as possible. Mr Hegan said there was no prospect of paying a dividend for some time, and he hinted at the possibility of; paying off deposits in advance. The directors of the New Zealand and River Plate Land, Mortgage and Agency Company, Limited, have received J proxies in favor of re-forming the com- ; pany, as against 45,000 for contraction of j the business and a gradual liquidation. ' Mr Valentine expects to register his Colonial Produce Distributing Company \ this week, issuing about 400,000 shares. St. Petersburg, Oct. 29. The official journal of trade declares that the Emperor of Germany's permis-' sion for the Imperial Government to make advances on Russian securities, has awakened the sincerest good feeling. Ottawa, Oct. 30. Over £11,000,000 was subscribed for the Dominion 3 per cent. loan. The^ minimum was fixed at 95, and tenders at £97 9s and above have been allotted fully. Melbourne, Oct. 29. Mr Highton, a resident of New Zealand, has requested the Minister of Agriculture to grant facilities for establishings a condensed milk factory in Victoria, by admitting the requisite machinery into the colony duty free. A letter is published in the Press from an Australian at present in London. He says he visited Smithfieid and there saw on sale frozen and chilled meat from Australia, New Zealand, and America. In his opinion Canterbury ineat cannot be beaten. It seems to be perfect in size, condition, and get up. Queensland beef lo 'ks to be quite aB good as the best American, but Sydney meat he describes as rubbish, and says it is the cause of the whole of the Australian meat having a bad name. Butchers make a trade of it, and consequently all Australian meat has to Buffer to the tune of £d to Jd per lb. Sydney, October 27. The Daily Telegraph recommends the appointment of an official meat grader, to remove the stigma that New South Wales meat isj rubbish. The same article, also, commends the New Zealand Parliament for its legislation in the direction of instituting official grading of butter and cheese.