COMMERCIAL.

New Zealand Times, Volume XXIX, Issue 4121, 5 June 1874, Page 2

COMMERCIAL.

TiitArcu.—Only a moderate business has been done in the grain market during the week. Prices still remain unaltered : 4s. 4ld. may still be obtained for very superior samples, biit, as before, 4s. 4d. is the figure at which the bulk has changed hands, and some good samples have not commanded a higher rate than 4s. 3d. Several Largo shipments of wWeat have been made lately, including one for Sydney, and in consequence stocks have been considerably reduced, though stores are yet inconveniently full. Oats are not coming forward freely. Rest samples will fetch 4s. 2d., but growers are holding on, hoping to get a higher figure. Barley remains at 4s. Gd. for best malting lots.—Herald, June 1. CrmisTCHUßcrr.—Owing to the Queen's Birthday holidays and wet weather in the early part of the week, business has been dull as far as the grain market is concerned. Several parcels of wheat have changed second hands at from 4s. 7d. to 4s. 9d., but there are no farmers' sales of anv consequence to report. Several transfers of oat.; from merchant to merchant have taken place at prices witheld. Buyers are offering 4s. 3d. to farmers for prime milling samples only. In barley, there have been few transactions, its quoted price is 5s. — Times, May 30. Colonial Bank of New Zealand.—A meeting of those gentlemen favorable to the above institution was held on June 1, at the Clarendon Hotel, Christchurch. There was a very small attendance. Mr. R. Wilkin occupied the chair, and after reading the advertisement calling the meeting, said that that advertisement was the result of a meeting held on the previous Friday, when Messrs. Holmes and Tolmie attended as a deputation from the provisional committee of Otago, and explained the objects of this bank, and why the movement had been originated. Though started in Otago, the bank was to bo thoroughly a Colonial one, and the promoters would prefer to see the shares generally distributed throughout tiie people, rather than taken up largely by individuals. The shares would bo allocated throughout yew Zealand in proportion to population, and according to that this Province •would be entitled to about 40,000. The chairman read the minutes of the last meeting, which showed that after the statement of the deputation had been heard, and the manner of working the bank discussed, some resolutions had been carried, and a provisional committee appointed, of which he (Air. AVilkin) had been chosen chairman. The minutes were then confirmed. The chairman then mentioned that each Province would be left to deal with its own shares, and though Air. Holmes had said that Canterbury would be entitled to about 40,000, that gentleman had promised on his return home to send up the actual number which would bo allotted here. A telegram was here received from Mr. Holmes, stating that 05,000 shares had been applied for in Otago and Southland, and that 40,000 were at the disposal of the Christcliurch committee. Several gentlemen referred to the small attendance at tho meeting, and in consequence thereof it was agreed to adjourn. —Press. BY TELEGRAPH. Auckland, June 4. —Air. Alexander Saunders reforts :—Sales: AVhau, 110 s. ; Cure, 15s. Buyers : tank of New Zealand, 3505. ; South British, 455. ; Caledonia, 1055.; Cure, 14s. Cd. Sellers: South British, 605.; National Insurance, 305.; Alburnia, 425.