MONETARY AND COMMERCIAL

Lyttelton Times, Volume LXXVII, Issue 9648, 13 February 1892, Page 5

MONETARY AND COMMERCIAL

[Special to Pbbss Association.] LONDON, Feb. 11

The Standard declares that a foolish scare possesses the market in regard to Colonial stocks, because of the difficulty experienced in selling them, and it deprecates people precipitating matters. PARIS, Feb. 11. Mutton has advanced 2d per lb. [Received Feb. 12, at 7.50 p.m.J LONDON, Feb. 11. The import of cattle from Denmark is prohibited. [Received Feb. 12, at 8 p.m,] At a meeting of the National Mortgage and Agency Company of New Zealand, Mr H. R. Grenfell, the Chairman, said the Agent-General for New Zealand . had stated that the Government did not intend to tax debentures. Shareholders urged that the Company should go into liquidation or amalgamate with a larger Company. MELBOURNE, Feb. 12. The Associated Banks have taken at par two million pounds’ worth of Treasury bills at four and a-lialf per cent. ADELAIDE, Feb. 13. The harvest returns show a total of 7,273,000 bushels, as against 9,3G>1,000 bush ols for the previous harvest. The surplus available for export is estimated at 400,000 bushels. The poorness of the. yield is due to small rainfall, severe frosts and prevalence of the red-rust pest. SYDNEY, Feb. 12. A persistent rumour is afloat in Newcastle to the effect that a coal trust, with a capital of two and a-half millions, is being formed. It is said to include all the leading collieries with the exception of Lambton. [Received Feb. 12, at 8,30 p.m.] THE RUN ON A BANE. The run on the Savings Bunk has continued to-day, though the excitement has lessened, and the demands on the Bank are not so continuous. The panic is believed to have originated by an Anarchist haranguing a crowd of unemployed members of the Seamen’s Union. Seafaring men were among the first to remove their accounts. The run on the Savings Bank has ceased. Altogether JS 124,000 has been withdrawn. 'To-day three more Banks, including the Bank of New Zealand, offered assistance. [Pee Pbbss Association.] DUNEDIN. Feb. 12. The final auction at yesterday’s wool sales showed a decline of a farthing to ahalfpenny, compart d with previous sales. This is a slight improvement on the rates ruling at tills morning’:-, rales. _