COMMERCIAL.

Timaru Herald, Volume LVIII, Issue 1768, 31 May 1895, Page 2

COMMERCIAL.

♦ ■ Per Electric Tklegraph— Copyright. Per Press Association. London, May 29. The Foo Chow tea market has opened. Prices for Paymongo are rather higher than last yeav,but only small business is Hoing at present. The Lisnan will be the first steamer despatched to Australia, and she leaves the third week m June. The total quantity of wheat and flour afloat for the United Kingdom is 385,000 quarters, and for the Continent 1,630,000 quarters.' Australian wheat 28s 6d ; English red, 27s 6d ; white 295. Union S.S. Company's shares £6 10s, ex dividend ; Shaw Saville and Albion Company's £6. It is expected that the Bank of New Zealand Estate debentures, to replaco £750,000 of the present 5£ per cents, will be over-subscribed. There is consternation m shipping

circles at New Zealand closing her ports against Queensland cattle boats. May 30. Mr Ward has arranged for the postponement of the New Zealand conversion operations for six months. The American visible wheat supply is estimated at 67,095,000 bushels. The Japanese Ambassador m London states that one result of the recent war will be to open large commercial benefits to the Australasian colonies. Brisbane, May|3o. Two American syndicates intend to establish large meat works m the vicinity of Townsville. Sydney, May 30. A report by the British Consul at Caen, France, states that the high price of meat is causing a great deal of complaint from people of small means, and he adds that New Zealand frozen mutton could easily compete, after paying duty, with local meat, but a clause m the Act making it obligatory to import only carcases with viscera adhering, effectually shuts the door. (By Telegraph.) WELLINGTON, May 30. The Premier has received the following cable message from the AgentGeneral m London :— " Shippers of live stock from New Zealand should understand that if the stock is shipped m vessels touching at intermediate ports it is subject to slaughter on arrival m England." DUNEDIN. May 30. Owing to the rise m wheat the price of the 41b loaf has been raised to sid cash, and 6d credit.