MONETARY AND COMMERCIAL.

Lyttelton Times, Volume LXXV, Issue 9431, 4 June 1891, Page 5

MONETARY AND COMMERCIAL.

THE CORN DUTIES. [Special to Press Association,! fHeaelved June 3, ot 10.20 a.m.] BIiELIN, Juke 2. General Von Caprivi, the Imperial Chancellor, states that the new commercial treaties with and Austria will secure a reduction in the corn duties, but will not immediately effect a decrease in the price of corn. Corn has risen seven marks per quarter. LONDON, Juke 2. There is a disturbed feeling in the City, in consequence of a report that the Banks have been asked to guarantee another important firm, who are in a similar position to that of the Barings. | Received June 3, at XI a.m.) At the Antwerp wool sales only 400 bales of River Plate wool have been sold, at prices equal to those ruling at the March sales. Owners are bolding back for better prices. [Received JiraeS, at 8 p.mj Forty bankers met the Directors of the Bank of England to discuss the fixing of the discount rates, and to take Steps to prevent a drain of gold from London in the summer. rßocsived Jane S, at 8.10 p.m ) BUENOS AYRES, JUKE 3.

A general run on the Argentine banks has taken place, and the streets are crowded with excited people.

(Received June 4, at 12.40 a.m.l I.ON DON, Juke 3,

The grain crops in Eastern Europe are in a bad condition owing to drought. In Greece, however, they are looking very well, and a splendid yield is anticipated. *

The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable message, dated LONDON, Juke 2.

Wheat. —Market inactive. New Zealand wheat, f.a:q„ to arrive, iron ship, is worth, c.i,£., 41a 9d per 4801 b, April-May bill of lading. Quotations nominal. New Zealand wheat has declined fid per 49filb since last report.

THE AUSTRALIAN MARKETS. [Received June 3, at 11 a,m.] SYDNEY, Juke S.

Wheat, milling Sa; very email quantities are being offered for sale. Flour, stone made £lO Ss.to £lO 15s, roller £ll 10a to £l2. Oats, feeding sorts Is 9d to 2s, seed 2a Id to 2s 2di Maize, 2s 4d. Bran, lOd. Pollard lOd, market dull. Potatoes, New Zealand grown £2 2s 6d, Circular Heads £2 10a to £3 15a. Onions, £4 10s to £4 12s 6d. Butter, New Zealand 9d to Is, dairy made Is Id, factory Is 3d. Cheese, 5Jd to 7?d. Bacon, machine* made, 5d to 6d; hand-made, 6-*d to fct. Hams, New Zealand, lOd to lid. MELBODENE, June 3. Wheat, average quality, milling sorts, 4a lOJd; best quality, ss. Flour/ stonemade, £lO 10a to £lO 15s; roller, £llloa. Oats, Algerian, 2s Id to 2s 2d; Tartarian, 2a 4d; Banish, 2a 7d to 2s Bd. Maize, 3s 3d to 8s sd. Barley, feeding sorts, 2a 2d to 2s 3d. Peas, 2s 6di Bran, 10£d. ADELAIDE, June 3. Wheat, 4a 8d to 4s 8&d. Flour, stone made, £9 5a to £9 15s; roller made, £lO 10s. Oats, New Zealand, 2s 2d to 2s 4d. Barley, 2s 4d to 2s 7d; English malting sorts, 2s 9d to 4s. Bran, Is Id. Pollard, Is Id. The market is flat and trade small all round. SYDNEY, June 3. The Intercolonial Conference which was commissioned to inquire into the ravages of rust in wheat, has commenced its sittings. MELBOUBNE, June 3. The returns for the past month show that under the new cable rates the receipts are 16 per cent below the monthly average \inder the old tariff, while the number of words transmitted baa increased 80 per cent.

[Per Press Association.] WELLINGTON, June 3. The petition of Edward Seager, ironfounder, for winding up the New Zealand Antimony Company, is set down for hearing at the Supreme Court on June 12.

A perfect beverage, <f Arab ” and Shah ** Brand Tea. 2s and 2s 4d per lb. The king of Italy has a beautiful estate near Pisa, upon which he keeps 2000 horses. Ea also has a large herd of camels, the pedigree of which runs hack to the animals in the time of the Medicis. Maorocarpa, one and two years old, at Naim-and - X 337