MONETARY AND COMMERCIAL.

Star (Christchurch), Issue 4593, 15 March 1893, Page 3

MONET ARY AND COMMERCIAL.

[Special to Prbbs Association j LONDON, Mabch 14. , City men express a feeling of grati- \ fication at the agreement between the < Assooiated Banks for mutual help, < which they think will, if fully ob- \ Berved, restore confidence in Colonial financial institutions. The Pall Mall Gazette, however, says that the agree- 1 ment is not to be trusted, seeing that j the Eederal Bank was not helped. ' WASHINGTON, March 14. ; j President Cleveland considers it A useless to ask the Congress to repeal \ the Silver Purchase Act until the < pressure of hard times has aroused 1 public opinion. Owing to difficulty in the selling of j gold bonds in London, the President t has withdrawn the proposed sale. 1 ■ '■ ' SYDNEY, March 15. Wheat, chick, 8s; milling, 3s 6d. Flour, ' New Zealand toller made, JBB. Oats are in fair demand; best bright, 2s 7d. Maize, New Zealand, 4s 6d to 4a 7d. Barley; Cape, 3a. Bran, B£d. Pollard, Bid. Peas, ( Prussian blue, 4s 3d to 4s 6d. Potatoes, , Warrnamboola, JE3 15s; Circular Heads, 1 JBS. Onions, JB3 5s to £S 10s. Butter, • dairy made, 6d to 7d ; factory, Bd. Cheese, ' prime quality, 4£d. Bacon, New Zealand, prime, B£d to BJd. Hams, nominal, lOd to ; lid. MELBOUKNE, Mabch 14. The decision of the Government to assist the Associated Banks Bhffuld necessity arise is the Eubject of much congratulation in the city. Shares in the banks all round axe rising in value. Mabch 15. Wheat is firm, and few sales are recorded. The latest quotation is 3s l£d. Flour, stone made, £7 59 ; roller, £7 10s to .£B. Oats, Algerian, Is 6d to Is 7d; Btout, np to Is lid. Maize, 3b 6d. Barley, English, 4s 3d. Peas, 2s 3Jd. Potatoes, 42 108. ADELAIDE, March 15. Wheat, 3s 3d. Flour, roller made, £$ 7s 6d. Oats, 8s 2d to 3s 4d. Barley, malting, 4s 6d to 4a 9d. Bran, 9£d. Pollard, 10* d.

The New Zealand I/oan and Mercantile Agency Company, Limited, has received the following cable message, dated :— LONDON, Maboh 14. Wheat market very weak. New Zealand wheat average is worth 29s per 4961 b. Other quotations unchanged since last telegram. Quotations nominal.