MONETARY AND COMMERCIAL.

Lyttelton Times, Volume LXX, Issue 8578, 4 September 1888, Page 5

MONETARY AND COMMERCIAL.

IJrr ZLBCTRIQ TZLEGIUP3. COFTEIGBT.I [Special to Press Association,] fHeeoived Bopt. 3, at 11».».! LONDON, August 31. Kentish hops have advanced to 10 guineas per cwt. [Received Sept, 3, at 12.30 p.m.l Sispx. 1. New Zealand hemp, £26 16s to £27. Sugar, 14s 6<3. Tallow, mutton, 25s 6d to 265. Beef, 24s to 24s 6d. Wheat, Australian, ex warehouse, 40s 6d to 41s. New Zealand, longberried, 39s 6d to 40s. Consols, 100 j. New Zealand five per cent bonds, 104-|; four per cent inscribed stock, 98|-. No. 1 pig iron, 45s 9d per ton. Mr Lawrie, of Sydney, who has been at Home for some time endeavouring to introduce Colonial timbers into the European markets, has succeeded in obtaining some large orders, including a trial shipment on behalf of the German Government for street paving in Hamburg. OTTAWA, August 31, The Canadian wheat surplus, available for export, amounts to between 22,000,000qrs and 24,000,000qr5. [The total value of the agricultural exports of Canada ia 1886 was 54,402,406. Statistics published in 1886 give the Canadian wheat production at (approximately) 45,000,000 bushels, and the total value of grain of all kinds at £22,000,000. On this basis the excess of grain (all kinds) over home consumption was 10,066,006 bushels.] The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable advice; — LONDON, Kept. 1. Tallow is in good demand. Good beef and mutton tallows are worth 23a 6d and 25s 6d per cwt respectively. Eabbit Skins*—Stocks are beyond trade requirements, and ' all descriptions have declined about 2d per lb. TEE' COLONIST DISASTER. AN EXPLANATION. [Peb Ppisss Association.] WELLINGTON, Sbi-t. 8. The Jury, at the inquest on the body of Captain Bayley, of the ill-fated Colonist, having imputed neglect to the harbour authorities in not despatching early assistance, the Harbourmaster states that immediately on receipt of information that a vessel was in distress, he made arrangements for the despatch of the Australia to render assistance, and instructed Pilot Sims to pick up the pilot boat and crew and take them out to help the vessel. When the Australia reached the spot the vessel had broken up, and nothing could be seen but wreckage.