MONETARY AND COMMERCIAL.

Lyttelton Times, Volume LXXV, Issue 9427, 30 May 1891, Page 5

MONETARY AND COMMERCIAL.

[Special to Pbesb Associations] [Received May 29, at 10.80 a.m.] BERLIN. Mat 33. Germany is suspending the import duties on corn.

BUENOS AYRJSB, Mat 38. Payment of deposits in the Bank* in the Argentine Republic, which was suspended, is now indefinitely post* poned.

CALCUTTA., Mat S 3, Owing to the heavy shipment of wheat* to the English markets, the price of food has seriously advanced in the northern Provinces of India.

WASHINGTON, Mat2B. A wheat corner has been established, in Minneapolis, and has secured nine million bushels. CEeoeived May 29. at 4.45 p.m.] l LONDON. MAT 28, The Bank of England returns pub* lished to-day show the total reserve* to be dfil 6,070,000, being an increase ’ of .£2.234,000 as compared with the previous week. The proportion of reserve to liabilities is 40'60 per cent. Consols are at 95 J. Three months* bills are discounted at 4 per cent. Hew Zealand inscribed stock, 102 { 3| per cent do, 95. The English wheat market is firm at 445.

Muttonr-Canterbury, 4|d per lb* Wellington, 3-d: Canterbury lamb, sd; beef, forequarters 3fd per lb, hindquarters®Sd. There is nothing doing in New Zealand hemp. Wellington, fair quality is nominally at .£2l per ton. South Australian wheat is firm at 44s 6d; Victorian steady at 445. Sugar—German beet, 13s 4|d; Java, 15s. No. 1 best Scotch; pig iron, f.o,b. in the Clyde, 55s 6d.