MONETARY AND COMMERCIAL.

Star (Christchurch), Issue 4867, 5 February 1894, Page 3

MONETARY AND COMMERCIAL.

! ♦ ' [Spxciaxi to Press Association."! LONDON, Feb. 3. Speeches made at the creditors' meeting of the New Zealand Loan and Mercantile Agency Company declared that everything had been done to obtain further concessions from Baron Schroeder, who was master of tbe situation; and Mr Alexander Young, insisting that the reeonstraction scheme was the best possible, completely changed tbe views of the meeting. Mr Dawson stated that the Committee bad decided on entirely changing tbe system of management, and that few of tbe old directors would be on the new Board. Tallow.-— Medium mutton 26_, beef 255. The Eogli-b wheat market has a downward tendency, and the Continental is doll; but tbe American shows a general advance. Butter is unchanged. A better spirit was evinced at the wool auction, and prices are slightly firmer. Tbe quantity catalogued up to date is 213,400 bales, of which 194,200 were sold. Sheepskins are in good demand, bat merinos have declined |d, and cross-breda fd. Antimony £87. The New Zealand Land Association,

Limited, Melbourne, writing under date ' Jan. 20, reports aa follows :— Our wheat market is quiet. Shippers are operating vory freely. Prices are low, nevertheless nrime new is selling at 2s 7d per bushel. Por feed stuffs the demand is only limited. Algerian oats are plentiful, and have receded in value, and are quoted at ls 6d to la 7d. White oats (new) aro not yet available, and as the old supplies have run out, values did not faU in sympathy with those for the Algerian class. Stout are bringing up to 2s 3d, Danish and Tartarian Is lld to 2s Id. Maize is scarce, and owing to the recent floods in Gippsland, we will experience a scarcity this season. Ia anticipation, prices have risen to 3s 3d for prime red. Peas are dull at 2a Id. Barley.— Owing to the estimated small harvest this year again, prices did not fall as expected. Prime malting is worth 4s _d per bushel.