COMMERCIAL.

Poverty Bay Herald, Volume XXII, Issue 7309, 19 June 1895, Page 2

COMMERCIAL.

♦ : : — . . . ' London, June 17. For the next series of wool auctions the list closed. The arrivals amount to 419,500 bales, the number sent forward 97,500 bales, and the number of bates available 390,000. Melbourne, June 19. The. Age says though the local money market is fully supplied, and there is a satisfactory improvement and demand suggestive of a return of confidence, it is strange that while outsiders interested in the Australian financial position, are inclined to take a more hopeful view of the future, in England there should be a most marked feeling of doubt as to how success will fully solve the difficulties in view of the difficult problem of settling with foreign creditors. There is already a slight inclination on the part of the latter not to press their claims too urgently, and therealso . seems to be a growing disposition on this side ; to obtain concessions, which, if granted, in ... time will have a material influence on the' future of the colony. It seems to be generally acknowledged that with the low price j of produce ruling, they cannot afford to pay the same rate of interest for private borrowing as when the land yielded better returns.