COMMERCIAL

Evening Star, Issue 7252, 1 July 1887, Page 3

COMMERCIAL

T ie amount of revenue oollested at the Custom-r-ou*e on gonds cleared to-day for consumption was A private letter to a gentleman in Wellington by the 8»n Pranoisoo mall gives the following as the retail price-list in London for New Zealand muttoni:Legs, 8d per lb; shoulder*, 7d; loin and «<l<»l«.7d, hind-quarters, 7id; fore-quarters, 6d; oboptv. lOd , eldevßU. In some shops the prices area little lower. Sixteen millions in notes and bullion Is a good record in a young community of less than lour millions population. Erery Indication points to cheap money. Indeed, it would not surprise us to see a reduction below the maximum 6 pe* 'oent. for twelve months' deposits. There is evidence in the improved prloesof Investment stocks that the 6 per oent. deposits, as they mature, are finding their way into employment of this kind. Tor a time, the direction of the ourrent was to the building »ooietle», whloh have been, we Imagine, paying off their Dank overdrafts. That being accomplished, these companies are not so eager for deposits, and the ove flow is finding Its dastinatlon in sound share securities. Looking at material prospeoU, and at the favorable appearance of the financial machinery, our opinion Is that the Australasian future never wore a brighter appearance.-'Australian Banking Record.'

LONDON BABBIT-SKIN BALES.

Messrs Remshardt, M'Donald, and Co. have re. Delved the following cable, dated yesterday: "Rabbit' skin sales postponed until 15th July.'