COMMERCIAL.

South Canterbury Times, Issue 7268, 22 July 1893, Page 1

COMMERCIAL.

(PbbSubotbio Telegraph— Copyright. )

(Per Press Association.)

'Received 11 a.m., July 21st.) New York, July 20.

The panic in Denver city ia over, and the silver crisis is subsiding. Altogether eight banka and nine mercantile houses failed.

(Received 5.30 p.m.. Tv 21st.)

London, July 20.

At a meeting of the New South Wales Mortgage Loan and Agency Company, the scheme propounded by the directors for reconstruction, was approved. Mr Alexander McArthur, one of the directors, in addressing the meeting, declared that British capitalists would soon be as ready as ever to invest in Australia. (Received 9.10 p.m., July 21st.) A capitalist named Agios has decided to open refrigerating stores in Malta in which to store Australian meat for military purposes. (Received 9.30 p.m., July 21st. The weekly returns of the Bank of England, published to-day, show the total reserve to be £19,280,000. The proportion of reserve to liabilities is 47.98.

Consols, 99. Three months’ bills are discounted at If per cent. New Zealand 4 per cent, inscribed stock, 103|; 3* per cent, ditto, 94. Frozen mutton, first quality, 3fd per lb ; lamb, first quality, 4|d. Beef, forequarters, 3 1-16 d ; hind-quarters, s|d. New Zealand hemp quotations are unchanged. New Zealand long berried wheat, ex warehouse, is flat at 29s fid ; South Australian wheat, ex warehouse, is flat at 31s fid; Victorian wheat, ex warehouse, is flat at 31s.

Sugar, German beet, 17s lsd; Java, quiet, at 20s. No. 1 best Scotch pig iron, f.o.b. in the Clyde, is flat at 41s 9d. The American visible supply of wheat is 69,200,000 bushels. At the wool sales prices remain firm. (Received 11.30 p.m., July 21st.) Melbourne, July 21. Inquiries made in connection with the New Zealand Loan and Mercantile Agency Company, Limited, show that the power of the Official Receiver appointed in London does not extend to the colonies. The company’s new business is being conducted by the New Zealand Association, and old business and contracts ate to be transacted as heretofore by the company’s officers, Adelaide, July 21. A quarter of a million’s worth of Treasury bills will be issued on August Ist. They will have seven years’ currency and bear interest at the rate of 4$ per cent. (Special to Press Association.) (Received 11.15 a.m., July 21st.) London, July 20. A letter in the Daily News bitterly complains of the Queensland National Bank paying the Government fully at the expense of the shareholders.