THE MARKETS.

Press, Volume LIII, Issue 9562, 31 October 1896, Page 7

THE MARKETS.

Press Association—By Telegraph—Copyright

London, October 29. » At Mark Lane English white wheal . realised 88s, red wheat 82s; Californian wheat is quoted in London at 88a and red winter wheat from New York at 79_ cents. Fine beef tallow realises 20a. Ootober 80. Mr W. P. Reeves states that, despite the energy of individual firms, there is ample toom for improving the New Zealand produce trade, especially in sea and land transport; storage, handling and distributing, and pushing business in the provinces. He say<j that New Zealand' meafc is of ten carried along with that from the River-Plate, the ■ former suffering thereby. Such practices form v a greater obstacle to the success of the trade than prejudice; Mr Reeves considers an Advisory Committee in London would do a con* siderable amount of good. SyowsY, October 80. At the half-yearly meeting of the Colonial Sugar Company, the profits were shown to be £85,545,. to which, | has to be added £88,800 brought for*. ! ward from the "previous, ha,lf»year. A, i dividend of 10 per cent, was deolawd, and £88,746 carried forward. The. report was adopted. It was stated that,. despite the damage caused to the oane ; in New South Wales by frost and in', Queensland, by drought, it was expected the output would be close to the estimate. This fact, combined with the large increase in the German .; export bounties, rendered - an "'- early recovery in. prices improbable,., and refined sugars were .likely to rule low. Mk-boubnb, Ootober 80. The price 0 £ the 41b loaf has been raised to 7sd, .''""'''