MONETARY AND COMMERCIAL

Lyttelton Times, Volume LXXVI, Issue 9492, 14 August 1891, Page 5

MONETARY AND COMMERCIAL

NEW SOUTH WALES STOCK. [Special to Pbess Association.] [Received August 13, at 10.20 a.m.] BERLIN, August 13. The prohibition of the export of rye is having a serious effect on Q-erman and Austrian trade. Switzerland stands out of the Customs union. VIENNA, August 12. Messrs Marpugo and Parent], bankers carrying on business at Trieste, have failed. Their liabilities are set down at seven iniJhon florins. The total quantity of wheat and flour afloat for the United Kingdom is 2,072,000 quarters, and for the Continent 2,592,000 quarters. The English wheat market is improving, and there is a general advance of 6d. The Continental market is firm, and the American steady. Debentures of the Australian and New Zealand Mortgage Company, £99 15s; Dalgety and Company, <£lll 10a; New Zealand Trust and Loan Company, <£26 10s. Silver, 3s 9|d. NEW YORK, August 12, The Syndicate which Mr Jay G-ould was arranging to assist the Union Pacific Kailway Company for three years, has collapsed. LONDON, August 12. New South Wales is privately issuing a million and a half March — September 3-£ per cent stock at 97. [Received August 13, at 8 p.m.] The syndicate who offered to take New South Wales stock privately, made it a condition that no loan was placed on the public market this year. A further rise of 6d per quarter in English wheat is recorded ; New Zealand and Australian have also risen 6d. The estimated visible American supply is 23,800,000 bushels. [Received August 14, at 1.15 a.m.] August 13. The Standard states that the offer of a syndicate to take up New South Wales stock has not yet been accepted. It asserts that the market objects to the secret tender system, and hopes that the loan will be issued in the usual way. . VIENNA. August 12. Messrs Marpurgo and Parent! will go into liquidation voluntarily. Paymeat has not been stopped, and creditors will be paid in full. BERLIN, August 12. The M'Kinley tariff is affecting the Herman trade in knitted goods and laces. [Received August 14, at 1.30 a.m.] LONDON, August 13. There is angry and excited feeling on Change about the alleged loan secretly offered by New South Wales. Sir Saul ''Samuel, the Agent-Heneral, states that ho has received no such offer aa is reported. - ,; The;.2 'imes cone?dor-i that the fall in the-prices of Odlenta" stocks is only nominal. J i —The FinanHcfy l: T(nih states that Reading jobber*. )Asto formed a syndiicAta' and cabled 'direct to Sydney. The market is intensely hostile to the whole proceeding, end New South Wales stock has dropped to 97. [Received August 18, as 10.20 a.m,] SYDNEY, August 13. The amalgamation of the John See line of steamers with the Clarence River Steamship Company is almost completed. The name of the new Company will bo tho North Coast Steam Company. [Received August 13, at 7.30 p.m.] Broken Hill Proprietary shares are quoted at £lO 16s, British Broken Hill £2 ss, Central £6 14s, South £5 7s, Block 14 £6 14s, BloofcflO £ls 15s, Junction £1 13s 6d. . 1 jyNew Zealand' potatoes are quoted at £llsa to £2 per ton. [Received August 13, at 1.25 a.m,] Sir H. Parkea denies that there is any truth in tho statement that New South Wales will offer a loan privately, and states that tho only foundation for the cables from London lies in tho fact that some considerable time since tho Government lodged securities with the Bank of England, for sale to anyone who wished to invest money. __ _