MONETARY AND COMMERCIAL

Lyttelton Times, Volume LXXVI, Issue 9512, 7 September 1891, Page 5

MONETARY AND COMMERCIAL

RUSSIAN LOAN. THE ANTWERP WO€L SALES. [Special to Press Association.] [Received Sept. 5, at 10.45 a.tn.] LONDON, Sept. 4. It is reported that the Banqne de Paris offers to raise a Russian loan of twelve millions sterling, at 4 per cent. Shaw, Savill and Company have declared a dividend of 5 per cent. _ It is estimated that the American visible supply of wheat is 25,056,900 bushels. The quantity afloat for the Continent is considerably lower. The jute crop will he a third less than last year. BERLIN, Sept. 4. The German authorities are buying large quantities of corn, not coal. [Received Sept. 6, at 5.40 p.m. 1 LONDON, Sept. 5. The Antwerp wool sales closed flat. Eight thousand bales of Australian wool sold at from |d to |d per lb below the prices realised at the close of the last wool series in London. Tbe situation in the manufacturing districts and on the Continent is very bad.

The New Zealand Loan and Mercantile Agency Company, Limited, has received the following advice by cable from its Loudon office: Wool. — The Antwerp sales are lower. The sales closed on Sept. 4 at an average decline of fully 5 per cent on last sales’ closing rates. Tallow is dull of sale. Fine mutton tallow is worth 27s 9d per cwt; good beef tallow is 25s yd. *” Frozen Meat.—Market unchanged. New Zealand hemp continues dull of sale. Market has a downward tendency.