Monetary and Commercial.

Star (Christchurch), Issue 6438, 7 January 1889, Page 4

Monetary and Commercial.

■» [Special to Press Association.] LONDON, Jan. 4. Considerable excitement lias been occasioned, both at Liverpool and Birmingham, owiDg to doubts having arisen as to the bona fides of Professor Friend's Electric Sugar Company. The shares, which were quoted at £120, have had a tremendous fall, and are offering at £10. It is stated that only refined sugar was being treated. Jan. 5. A cargo o£ Adelaide wheat has been sold at 39s 9d. At the annual meeting of the New Zealand Loan and Mercantile Agency Company yesterday, a dividend of 10 per cent and a bonus of 5 per cent was declared, and =£12,000 was carried to the Eeserve Fund. Owing to the operations of the syndicate, copper has advanced to bBIO4 per ton. Now consols are active at 98 £ . New Zealand 4 per cents, inscribed, are also active at 100. Australian wheat, ex store, 435, •with the market firm. New Zealand long-bewied, 435. The English wheat market is dull, the Continental firm, while the American is steady. Offcoast cargoes are not meeting with ready sale. For forward shipments sellers ask 40s ; New Zealand wheat on passage averages 395, Australian flour, ex store, 30s; New Zealand, 26s 6d. Sugar, German, 14s; Java, 17s nominal. Tallow, best mutton, 34s 3d ; beef, 335. Tin plates, charcoal, 19s per box. NEW YOKE, Jan. # . Further revelations in connection with Professor Friend's Electric Sugar Company prove that the whole thing is mythical. The discovery was made immediately the secret rooms in the factory in this cifey were entered, after the disappearance of Mrs Friend, who promoted the invention since the death of her husband. The exposure created completed surprise, and shares have receded to 30s.