MONETARY AND COMMERCIAL.

Lyttelton Times, Volume LXXVII, Issue 9700, 14 April 1892, Page 5

MONETARY AND COMMERCIAL.

[Special to Press Association.] ' LONDON, April 12. In the House of Commons to-day, the Postmaster-General,in reply to Mr Henniker-Heaton, said that the business with India would not justify the introduction of a shilling telegraph system with that country. Silver, a shade over 3s 3|d. Wool is very firm. Thirty cases of potatoes by the Ruapehu realised 4s per case. They were landed in good condition. In the annual report of the Shaw, Savill and Albion Company it is stated that, owing to the competition in the Colonial trade, it has been found necessary to make a reduction in the rates of freight. The amount available for the annual dividend was ,£35,000, and of this amount the sum of £6OOO was carried forward to next year’s account. Mr J. W. Temple, who formerly held, in conjunction with Mr Walter Savill, the position of Managing Director, has been appointed Managing Director. Mr Walter Savill remains a Director of the Company. SHIPPING. LONDON, April 12. Arrived Auckland, ‘ ship, from Wellington (Dec. 19). Margaret Galbraith, ship, from Wellington (Dec. 10). Brussels, barque, from Lyttelton (Dec. 24). Famenoth, barque, from Napier (Jan. 1). Himalaya, ship, from Timaru (Dec. 18). Arrived —Castor, ship, from Napier (Jan. 7). NEW YOEK, April 12. Arrived—Star of the East, barque, from Auckland (Dec. 3). The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable message, dated LONDON, April 12. Wool. —Market very firm. Up to date 156,000 bales have been sold.

The New Zealand Loan and Mercantile Agency Company, Limited, Melbourne, writing under date April 5, reports aa follows:—The wheat market, which haa shown a downward tendency, has gradually fallen, and the top figure ruling now is 4a to 4a Ojd. The future ia difficult to forel cast, but present prospects point to. stillower levels. Barley ia moving off with lesa spirit than hitherto, but prices are well maintained, 4s Id being paid for prime samples. In feed stuffs oats are dull of sale, and sales are restricted to immediate wants only. Sales at late rates are being made. Peas are selling freely at 2s 4d. Maize, prime red corn 3s, inferior 2s 6d to 2s Bd. Grass seed, about 4s. SYDNEY, April 13. Wheat, chick, 3s 9d to 4s; milling, 4s lOd. Flour, stone makes, £ll to £ll ss; roller brands, £ll 12s 6d to £l2. Oats, feeding, 2s 5d to 2s 6d; seed, 2s 7d to 2s Bd. Maize, 2s 8d to 2s 9d. Barley, Cape, 3s Id; English, nominal, 3s 6d. Peas, blue Prussian, 3s 6d. Bran lid. Pollard, lOd. Potatoes, Circular Heads, £3 15s; New Zealand £3 to £3 ss. Onions, £4. Butter, dairy-made, lOd; factory, le. Cheese, 4d to sd. Bacon, 6d to 7d. Hams, New Zealand, lOd to lid. MELBOURNE, April 13. There is but little doing in the wheat market; fair average milling 4s. Flour, stone-makes, £9 5s ;■ roller brands, £9 7s 6d to £lO. Oats, Algerian, Is lOd to 2s. ADELAIDE, April 13. Wheat, 4s 2d. Oats, 3a 4d. Barley, Cape, 3s 6d to 3s 9d; malting, slack of sale, 4s sd. Bran, Is. Pollard, Is Id. It is stated that the Government ia about to issue a new batch of Treasury Bills.