COMMERCIAL

Ashburton Guardian, Volume XIV, Issue 2835, 29 November 1892, Page 2

COMMERCIAL

JER PBKSS ASSOCIATION

London, November 27A. South Australian syndicate operating in London have netted £67,000 in dealing in Broken Hill shares \t the wool sales there was a crowdtd attendance of all sections of the trade Competition iras exceedingly brisk. The American competition is weak, and tha ! Continentals took the bulk of the stock. Advances showed themselves most in medium and inferior merinoft. Queensland clips ranged from 9dto 9Ad. The "Daily Nowb" sthtes that New South Wales has placed £6C0,000 worth of 4 per cent. Treasury bills, extending over four years, at par, the interest being payable from October last, buyers being paid accrued interest. The bonds are quoted at Is 8d per cent, premium. Bonds for the best part of £1,000,000 have been lodged with Sir Saul Samuel. The directors of the London and Westminster Bank declare that the " Daily News'" statement is premature, though the bonds are offering at par. There are great complaints in the city at the hawking indulged in in connection with colonial loans, aud investor* complain that it is not fair competition, and that there is no trusting in the promises of the Government, j, . ..„■._.;. All colonial stocks have fallen { per cent. '.■.".■ The frozen meat ex Massilia is being landed in good condition, but the lamb is too thin for the tiade. The wethers are satisfactory. Messrs Nelson Bros, urge the impost* tion of a tax upon each imported carcase of mutton for the purpose cf providing a bonus to enable the Argentine trade to be competed with and stopped. They advise the establishment of tha, industry on a large scale, and thus anticipate th« development of the Argentine supply. The imports are already almost sufficient for England's requirements,. and other outlets are wanted. The firm does not approve of the rough and ready methods employed by the Queensland exporters. The wool sales continue brisk and the advance has been maintained. Continental buyers are taking the bulk, the Home trade at present being, quiet. Light shsfty greasy has risen more than the heavy aorta. A paicel of. New South Wales combing brought 9£d. Tallow—Mutton, . medium, 26h 3d; beef, 24s 3d. . The English wheat market is heavy and inactive, the Continental depressed, but the American is advancing. ■■ Mklbouknb, November 27. Up to date 1300 tons of butter have been shipped to the English market this season.