COMMERCIAL.

Timaru Herald, Volume LVIII, Issue 1785, 20 June 1895, Page 3

COMMERCIAL.

Per Electric Telegraph— ( Jopyright. -. Per Press Association. ; Kydjtey, June 19. A deputation of meat exporters asked the Minister for Agriculture jthat all „ meat exported be officially inspected and branded as a guarantee that it was free i ■of disease^. The Minister replied that recent events m the English market impressed him with the necessity of such a course, aijrd he promised favourable con;sideration;of the matter. Wheat, 3s 3d to 3s 6d, nominal. Flour, roller-made, £8 10s. Oats,, firm, prime feeding, 2s 2d to 2s 3d. '■'' ■■■ . : "'• ; Maize, 2s7dto2sßd. Barley, Gape, 2s Id to k!s 2d, nominal. Peas, Prussian blue, 3s. Bran and pollard, Is. Potatoes, Circular Head, £2 10s. Onions, £4 to £4 ss. Butter, dairy-made, lOd ; factory-made, Is Id to Is 3d. Cheese, 4£d to sd. Bacon, 4d to 4£d. Melbourne, June 19. The Agg, says :that 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 m Australia's financial position are incline*! to take a more hopei ful view of the future, m England there should be a most marked feeling of doubt as to how success will ■ l utyy gqlve the difficult problem of settleing with foreign creditors. There is already a slight indication on the part of .the latter not to press their claims too urgently, and a disposition on this side to obtain concessions, wiiich if granted will m time have a material influence pn the future of the colony. It seems to be

generally acknowledged, that with the low prices of produce ruling, the colony cannot afford to pay the same rate of m" terest for private borrowings as when wheat land yielded a better return. Wheat is quqtedat 2slld. Very little busines is doing, holders being very strong m their ideas of price. Flour, roller-made, £7 10s. Oats, Algerian, Is 6d to Is 7d ; stout white, Is lOd to Is lid. Maize, Is lOd to 2s 2d. Barley, Cape, Is Bd. Bran, 9*d ; pollard, 10£ d. Onions, £3. The agents of the Eastern Australian Steamship Company have notified the Government that they have fitted three steamers with small refrigerating space, and are prepared to carry a limited quantity of frozen produce to the Chinese and Japanese markets at the rate of Id per pound. They are also prepared to carry a few live stock with a view to testing the eastern markets. The report of the liquidation of the Mercantile Bank of Australia shows that altogether £536;000 was received, out of which £448,000 was paid m three,dividends, aggregating 5s lOd m the £.; The amount paid m calls amounted to £235,000, and the losses during the year owing to depreciation of property and other causes are estimated at £1,339,000. j Adelaide. June 19. Wheat, 3s. Market slow. Flour, roller-made. £7 10s. Bran and pollard. BJd to 9d. . I London, June 18> New Zealand 3 per cent, stock is quoted at a premium of 5 per cent. The prospects of wool, especially m merino combings, is favourable. Professor Ramsay has reported on a new process for treating silver sulphides at Broken Hill, which will yield a profit of 50s per ton. June 19. The Financial Netos advocates a bank assets company to nurse the dormant assets of the Australian Banks. Foochow, June 19. The supplies of tea thus far to hand show a decrease of 45,000 half-chests, as compared with the corresponding period of 1894. The market is clear of finest teas, and common sorts are both short of supply and dear. Under date 30th April, the English agricultural correspondent of the Auckland Herald writes:— "At last the fact that the plethora m the wheat supply is coming to an end for a time is beginning to be recognised. During the past week there has been a steady advance m American markets, aud m this country the price is 6d to Is a quarter more than it was a week ago. It is my firm opinion that this is only the beginning of a rise in' values which will become considerable before the end of the cereal year. There is nothing known at present to prevent it. Russia and Roumania may have good crops ; but m Europe as a whole the present indications are for a production below the average, the acreage certainly being contracted, while the I condition is not up to a fair standard on I the whole, and there is no promise of a great surplus m any distant country. Barley and oats have both shared m the recent advance."