MONETARY AND COMMERCIAL.

Lyttelton Times, Volume LXXXII, Issue 10465, 1 October 1894, Page 5

MONETARY AND COMMERCIAL.

[Special to Pebss Association.! LONDON, Sept. 28.

Butter, in store, is quoted at 80s.

At the wool sale to-day there was a poor selection. Foreigners bought scoured cross-breds at fancy prices. Cross-breds brought Is 2Jd, merinos Is 2fd to Is 4|d. Danish butter, nominally, 110 a per cwt. Finest quality ia selling at 106 s. Australian factory butter is selling in the open market at from 100 a to 104 s, fancy sorts 106 s. --Irish and Danish butter is selling at prices below those realised for the same week last year. The Colonial Butter Committee has fixed the price for the finest quality at 106 s, and fine at 100 a. In view of heavy consignments, the committee makes the fixed price moderate, in order to induce the trade to buy the colonial article. Sept. 29. The Hon Simon Fraser, M.L.C., of Victoria. recommends meat growers to combine for the purpose of selling direct to the consumer. Mr Patoson, of the Fresh Pood and Ice Company, Sydney, who has returned from a visit to Vienna, declares that there is a ready trade for five hundred bullocks weekly, and that they would realise fourpence per pound. He advises shippers to remove the fat and send the best beef, and only legs of mutton. Ho also advises the appointment of an agent to control the sale, and believes that the Austrian Go-# eminent would accept the health certificates of their Consuls in Australia, and the meat would thus avoid restrictions on its arrival in Austria.

The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable message dated LONDON, Sept. 28. Tallow. —Tallow is dull of sale. New Zealand tallow has declined 9d per cwt. since last report. PEESS CORRECTION. [Pek Press Association.! WELLINGTON, Sept. 23. An important correction has to be made in respect to a Melbourne cable of Sept. 8, purporting to report the failure of Messrs M'Loau Bros., hardware merchants, Elizabeth Street. The message really re-erred to the insolvency of William M’L.an, hardware merchant, of Elizabeth St iti;t, but owing to the similarity of names and locality was misinterpreted, and made to read M’Lesn Bros. Aa there is another Arm of hardware merchants in Elizabeth Street, M’Lean Bros, and Rigg, Limited, long and favourably known through Australia and New Zealand, the Association desires to express its regret at the mistake, and tbo hope that the firm in question will not sustain any injury through an unintentional error.