MONETARY AND COMMERCIAL

Lyttelton Times, Volume LXXVII, Issue 9646, 11 February 1892, Page 5

MONETARY AND COMMERCIAL

[Special to Press Association.] [Received Feb. 10, at 8.10 p.m.l LONDON, Fbb 9. Isolated cases of foot-and-mouth disease still exist in the outskirts of London. Wool is unchanged. Colonial stocks are very depressed. The heat friends of the Colonies among financial authorities consider that the situation daily grows graver, and expect that there will be a serious weakening of the credit of the Colonies unless public works are stopped. They insist that the Colonies must borrow everything locally for at least a year. SHIPPING. LONDON. Fbb. 9. The R.M.S. Aorangi arrived at Plymouth yesterday. Her frozen meat is in good order. The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable message, dated LONDON, Fbb. 9. Wool.—Since the date of last telegram nearly all descriptions have declined |d per lb except fine crossbred and Jambs, for which the market is unchanged, and coarse cross-bred, for which the market is easier. The American demand is good, but wools of a faulty character are neglected. The total quantity catalogued to date is 164,000 bales, and the total quantity withdrawn to date is 15,000 bales. Wheat. —There is an improved feeling. Market is steady. Quotations unchanged since last telegrami THE AUSTRALIAN MARKETS. SYDNEY, Peb, 10. Wheat, milling, 4s 9d to Ss. Flour, stone makes, JDII 5a to .£ll 15s; roller brands, £l2 5s to -£l2 16s. Oats, best, 2a 4d to 2s Bd. Maize 2s 3d. Barley 2s 9d to 3s. Peas 3s 7d. Bran lid, Pollard 9Jd. Potatoes, Warrnambool, £3 15s; Tasmanian, £4 10s. Onions £3 10s to £4 10s. Butter, dairy made, lOd; factory, Is 2d to Is sd. Bacon 5d to 7d. Hams, New Zealand, lOd to lid. Shares in the Junction mine. Broken Hill, have fallen to 5s 6d. MELBOURNE. P>b. 10. Wheat, firm, 4a to 4s 4d. Flour, stone makes, £9; roller brands, £9 15s. Bran lOd. Pollard Is. Peed grains are quiet, and prices unaltered. ADELAIDE, Feb. 10. Wheat 4s 3d to 4s 4d. Flour, stone makes, up to £9 12s 6d; roller brands £lO 5s to £lO 10s. Oats, New Zealand, in bond, 2s 4d; duty paid, 3s Sd. Barley, Gape, 3s 6d; English malting, 3s 6d to 4s 6d. Bran Is. Pollard Is Id. [Per Press Association.l WANGANUI, Fbb. 10. The first day’s sale at Messrs Freeman R. Jackson’s and Co.’s ram fair was a great success. There was a large attendance from all parts of the coast, and the bidding was brisk and rapid. 552 rams were sold singly, averaging £5 Is 5d each. Mr James S. Holmes, Oamaru, topped the market for stud rams, with 36gs, and Mr William Wilson, Elslea, for flock rams, with 17gs for two. In larger numbers Mr J. Eayner, Wairarapa, made the highest average, £8 4s lid, for twelve flock rams. Mr J. W. Baker, Fordell, got an average of £7 Os Bd, for twenty-five flock rams. Mr J. Wilson, Elslea, averaged £6 18a 9d, for sixty. The fair will be concluded tomorrow. The New Zealand Loan and Mercantile Agency Company, Limited, Melbourne, writing under date Feb. 2, reports as follows:—The market has hardened somewhat, owing principally to the inability of purchasers to get their supplies. Farmers are mostly storing, and unless a tempting price is offered few can bo induced to sell. Prime wheat is worth about 4s 2d. Feed grain has a fairish inquiry only. Milling oats are chiefly in demand; for good stout 2s lOd could be obtained, while for Algerians, fit for same purpose. Is lid could be got; ordinary feed lota 2a 6d for beat and 2s id to 2s 4d for Tartariana and good Danish. Barley is held for higher prices, so lictle is at present offering; nominally 3a 4d is top price. Maize has little inquiry, 2s lOd for prime and 2a 7d to 2a 9d for fair to good. No NewiZealand oats in bond offering at present, but 2a 4d is the nominal quotation.