MONETARY AND COMMERCIAL

Lyttelton Times, Volume LXXIX, Issue 9988, 17 March 1893, Page 5

MONETARY AND COMMERCIAL

[Special to Press Association.! LONDON, March 15. Mr Perceval does not approve of Lord Onslow’s scheme with regard to marking frozen meat, and is making inquiries from importers as to whether the proposal, if canned into effect, would hamper trade. The Daily News says that the bullion reserve iu proportion to the liability [of the Victorian Banks is 20 per cent, which is much larger than is the case in connection with the English Banks. The total quantity of wheat and flour afloat for the United Kingdom is 3,416,000 quarters, and for the Continent 788,000 quarters. A cargo of Victorian wheat has been sold at 30s. The wool market shows a good tone and prices are firm. Shares in the New Zealand Shipping Company are quoted at 17s 6d. The Official Receiver of the House and Land Investment Trust Company, one of Mr J. Spencer Balfour’s Companies which suspended payment some months ago, estimates that when the assets are realised there will be a deficiency of a million and a half sterling. March 16. The Australian Committee of the London Chamber of Commerce has coma to an agreement respecting Colonial bills of lading, and will now submit it to the ship-owners and shippers for ratification. The Wellington and Manawasu Railway Company’s debentures have fallen JS4. The American visible supply of wheat is 105,000,000 bushels. The New Zealand Shipping Company’s steamer Kaikoura will taka to Wellington a sample consignment of English fresh fish, preserved by a new process. Further consignments will follow to other New Zealand ports. WASHINGTON, March 15. The majority of the Finance Committee of the Senate is in favour of* tho free coinage of silver. [Per Press Association.] DUNEDIN, March 16. At the .annual ram and ewe fair of the Agricultural and Pastoral Association at Burnside thera was a fj°od attendance. About 1000 rams and 650 cwos were forward. A great many were of a medium class. For realiy good Lsicestera there was a good demand, young Eomneya also meeting with a fair sale; but Lincolns, Leieesters and Downs could only be placed at a sacrifice. Border Leicestera, ordinary, sold at from 3gs to Sigs, stud rams at 10gs to Isga. Eomneys were about the same. At a meeting of tho Drug Company, Mr Kemptuorne stated that the Company had not been able to get nearly enough linseed. He showed a sample grown by Mr Todd, at Taieri. Tho yield was thirty bushels to the acre, and at 5s per bushel Mr Todd would got £7 100 per acre. The Company could pul; enough linseed through to supply tho whole of the Colony. He feared that when farmers found how linseed growing would pay they would rush into it too much,