MONETARY AND COMMERCIAL.

Star (Christchurch), Issue 5167, 28 January 1895, Page 3

MONETARY AND COMMERCIAL.

[Special to Pbbbs association.} LONDON, Jan. 27. The manager o. the Melbourne Chilling ; Butter Company f? Fresh Food and Cold Storage Companyi is convinced that it will be neceasary for butter producers to unite and limit the number of distributing agencies in London in order to regulate supplies and prevent the ruinous sacrifice caused by smaller men under-selling the market, Mr Gavin Scott, of Sydney, who is visiting Europe in connection with the development of the export of Australian timber, is satisfied with the prospects. He says that it is imperative that timber ■should be shipped wall seasoned and free from gum veins, and that it should be sawn true and allowance made for shrinkage on tbe voyage. The EnglisK wkeafc . market allows a goueral decline of 6d. The Continental is dull, and the American is declining and weak. Oats, fine quality, average 22s 9dj beans average 30s 6d ; peas, 24b 3d. At the wool sales bidding is keen. Foreign buyers are taking the bulk. 'Tenakoe" brand, New Zealand, brough Hd. The total quantity of wool catalogued up to date is 109,000 bales, of which 97,800 bales were sold, 6000 going to America. Good wool ia firm, but merino is unsteady. The Antwerp sales will open on Feb. 12. Tallow, medium mutton 225, beef 21s.