MONETARY AND COMMERCIAL.

Lyttelton Times, Volume LXXIX, Issue 9993, 23 March 1893, Page 5

MONETARY AND COMMERCIAL.

EE Cl PRO CITY. [Special to Press Association.] LONDON, March 21,

The announcement that the Indian Government will shortly put a loan of thirty millions of rupees on the market, has depressed silver stock. A South Australian loan is also expected at the end of next week. At the meeting of the shareholders of the Australian and New Zealand Mortgage Company, Limited, Mr A. Flower, Chairman,said that the Company had not suffered by the Queensland floods or by the depression in Australia. The dividend, however, had been reduced to 7 per cent. Measures were being taken to renew the Company’s debentures at the lowest rate of interest, and they had bright hopes of the future. Messrs Murray and Eicardo were re-elected Directors. The Association of Chambers of Commerce has by a majority of thirty-three rejected the proposal for reciprocal trade with the Colonies. Hon A. J. Mundella, President of the Board of Trade, in addressing the Chambers, said he was glad to see that Australia was gradually recovering from depression, and stated that the way in which New Zealand had paid her debts was marvellous. A Tasmanian loan of .£BOO,OOO at 3| per cent, with a minimum of 92, has been placed on the market. Tenders close on Tuesday next. The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable message, datedLONDON, March 21. The wheat market continues drooping. Spot quotations have declined 6d per 496ib since last report. Other quotations are unchanged since last telegram. THE AUSTRALIAN MARKETS. SYDNEY, March 22. Wheat, 2s lid to 3;; milling, nominally, 3a 6d. Floor, New Zealand roller brands, up to .£B. Oats earisr, bright feeding, 2a 6d. Maize, New Zealand, 4s 5d to 4a 6d. Barley, Cape, 3s. Bran and Pollard, B*d to 9d. Pesa, Prussian blue, 4a 3d to 4s 53. Potatoes, Circular Hoads, M 15s to M Onions, J&i 10s to .£3 12a 6d. Butter, dairy made, 6d to 7d ; factory, Bd. Cheese, prime, 4-Jd. Bacon, New Zs’alaad, to 811. Hams nominally lOd to lid. MELBOURNE. March 22, Wheat ia quiet, from 3s to 3a id. Flour, rtoaa makes, £7 to £7 Ss; roller brancia, J6B. Oats, Algerian, Is 6?d; stout, is lid. Maize, 3s 51 d. Bailey, Cape, 2s. 3id. Potatoes #^2to^B%

ADELAIDE. March 22. Wheat, 8a 3£d. Flour, roller Brands, M 3a. Oata, 3s 2d to 3s 4d. Barloy, malting, 4s 6d to 4s 9d. Bran, 9sd. Pollard, d.