MONETARY AND COMMERCIAL.

Star (Christchurch), Issue 7179, 14 January 1892, Page 3

MONETARY AND COMMERCIAL.

» , [Speciali to Press Association.! [Eeceived Jan. 14, at 11.15 a.m.l LONDON, Jan. 13. The total quantity of wheat and flour afloat for the United Kingdom is 2,580,000 quarters, and for the Continent 1,268,000 quarters. Butter, prime dairy-made, is selling at 1083 to 112s per cwt ; medium | factory, 112 a to 118s ; choice lots, 118s to 1225. A consignment of inferior quality, brought by the s.s. Valetta, is affecting the market. Trengons and Co. are inquiring into the cause of the damage sustained by recent shipments of butter. . Share quotations : — National Mortgage and Agency Company of New Zealand, . 10s ; New Zealand Trust and Loan Company, ,£6 10s. Silver is at 3s 6f d. ' jSYDNEY, Jan. 14. ,Jhe harvest in the Gundagai district is very poor, and the yield is the worst for years. AUCKLAND, Jan. 14. The cablegram from London stating that the Auckland Harbour Board bonds had fallen 3 per cent was based on a misapprehension. As a matter of fact the interest on the 6 per cent bonds of 1874 was paid in London on the 10th inst., and, naturally, on the payment of the interest for the half year the bonds would recede in price to the extent of the 3 per cent paid. Thia occurs every half-year, upon all bonds upon which interest is paid periodically. The prices increase till the interest is paid, and then drop by the amount of the interest.