MONETARY AND COMMERCIAL

Temuka Leader, Issue 2738, 15 November 1894, Page 4

MONETARY AND COMMERCIAL

London, November 11. The quantity of Continental butter imported into England in October was 1000 tons in excels of the quaniity imported the same month last year. The<e w,s a good attendance at the sales of sheepskin*, and f*ir c •mpetition. Ur.'Hsbreds are unchanged; merinos par to a farthing lower.

Tallow, medium mutton, 23 < 6d ; beef. 225.

Tho English whent market is strong in tone,and averages IBs4d. The Continental is firm, and the Ainoricau is changing a little for the better.

Cargoes ot Victorian wheat ex Lady Lawrence, and of Adelaide ex David Morgan, have been Bold at 24* 31. Eleven thousand quarters of Australian wheat, for prompt delivery, have been sold at 24 «1 j|d.

The Antwerp wool sales take place on November 20th aud 21st. OGOO bales have been catalogued, of which 450 are Australian.

r ' " * ,: " * :: - ' ■"' v ' November Is. ~ Kauri timber is quoted at 2s 6d to 4i 6d. The present stock is 45,000 ft. Sir Roland Vaughan Williams postponed judgment in the Lorn and Mercantile case, owing to the important questions involved. November 13. .; Wheat has risen 6d to Is per juarter during the week. Weddell's circular states that supplies of American meat are decreasing, and Btocks of coarser qualities are almost finished, while fine sorts are reduced: The provincial demand for Australian meat has improved. Rio db Janhko, Nov. 10. The lonic left on Friday night with her meat in good condition. LONDON FROZEN MEAT TRADE. The following is the report of the Frozen Meat Trade (per A. Towers), for the month ending Oct. sth, 1894 : During the past few weeks trade hat been in a very depressed state. The heavy stocks. have prevented anything like buoyancy in the market. Usually this is a sluggish season of the year, in the colonial meat trade aud certainly the present is no exception to the rule. Arrivals keep on coming, and the new Btocks take the place in the stores of the older stocks as they are sold. It: is clearly evident that we cannot have a revival in prices until shipments are muc'n smaller, or cease altogether for a short period.: Mutton—Prices are virtually the same as they were a month ago. Lower quotations 'have been accepted in some instances, but the general feeling is that the present stocks had better be held rather than submit to a further depreciation in value. In Australian .mutton there is a distinct weakness and the current rates are easier than I quoted last month. Heavy arrivals of River Plate mutton are the main cause of the reduction. Lambs—A few remain in stock aud are firm at quotations below. Beef—There has again been a decline in beef. Large supplies of American chilled beef have, been placed on the market. This has militated against, the sale of frozen beef. The present quotations are by ,np, means firm, aud it is probable we shall tee lower values ruling. The depressed tone is further accentuated by the expected early arrivals of more consignments. The present quotations are:— . Mutton-—New Zealand, best North Canterbury 2s 4d to 2s 6d; New Zealand medium and good grades, Is lid to 2s 2d; Australian and Queensland sheep, Is 7d to Is Bd, all per 81b; Lambs—-Best North Canterbury, 3b 8d to 3s 9d per 81b. Beef—Queensland hind quarters, Is 8d to Is 9d; Queensland fore-quarters, Is 5d to Is 6d, all per 81b.