MONETARY AND COMMERCIAL.

Star (Christchurch), Issue 4712, 2 August 1893, Page 3

MONETARY AND COMMERCIAL.

[Spboial to Pbsss Association.! WASHINGTON, August" 1. The run on the New York Savings Bank is subsiding. > Three hundred thousand (? dollars) in gold are expected at New York from London on Wednesday. LONDON, August 1. At the meeting of the Union Bank of Australia, a dividend of £1 per share for the half year, equal to 8 per cent per annum, as recommended by the Directors, was agreed to. Mr A. Flower, Chairman, said that when the recent crisis began the Bknk's cash reserve was twenty- eight per cent of the total liabilities, and it never sank below twenty-four and a half per cent. It had now reached thirty per cent. He paid a high tribute to Mr Finlayson, the general manager, for his action during the crisis, and announced that the Directors would shortly recognise his services in a substantial shape. The Bank had acquired lately much fresh and valuable business. SYDNEY, August 2. Wheat, chick 3s 3d, milling 3s 6d ; oats quiet, firm, bright heavy feed 2s lOd, Tartarian 3s; maize, prime dry 3s 8d; barley, Cape 2s lOd to 3s ; beans, 8d to B£d; pollard, BJd to B£d; peas, Prussian blue 4s 2d ; potatoes, local £5 10s, New Zealand JBS 15s, Circular Head £Q 10s to £7; onions, JG6 5a to £6 10s ; butter, dairy, lOd, factory Is ; cheese, 3d to 5d j bacon, 4d to 7d, hams, New Zealand, le. MELBOUBNE, August 2. Wheat, 3s to 33 o£d ; flour, stone, .£6 5a to JE6 15s, roller M 17s 6d to £7 7s 6d; oats, Algerian, Is lid to 2s o£d, stout 2s 4id, Tartarian 2s 3£d to 2s 4£d ; maize 3s 2d; barley, Cape 2s Id; peas 2s sd; bran, 8d; pollard 9d; potatoes, £4i 10s; butter, fid to lOd, cheese 5d tos}df flax, £17 to 419. ADELAIDE, August 2. Wheat, 3s to 3s o£d ; flour, stone, £1 7s 6d to £1 103} roller; £1 12s 6d to £1 17s 6dj oats, New Zealand, 2s 7d; bran and pollard 8R The New Zealand Land Association, Limited, has received the following cable message, dated LONDON, August 1. Wheat. — Foreign arrivals are heavy. The market is glutted and depressed. New Zealand f.a.q. new crop is worth c.i.f . to arrive 26s 6d per 4801 b. Spot quotations have declined Is per 4961 b since last report.