THE MARKETS.

Ashburton Guardian, Volume VII, Issue 1719, 25 November 1887, Page 2

THE MARKETS.

[reutbr'B t blegeams—ooitrioht;]

London, November 23.

» At the opening of the colonial wool 3 sales yesterday there was a brisk comB petition. The prices realised were 5 equal to the closing rates of the last series. Consols, 103^. * New Zealand securities are unaltered. The market rate is 3 per cent., and [ the Bank rate 4 per cent. i Breadstuff's and tallow are unchanged. At to-day's wool sales 11,400 bales . were catalogued, the market being 1 steady. At yesterday's sale 9000 bales 1 were catalogued. 1 The New Zealand Loan and Mer- " cantile Agency Company, Limited, has , received a cable message dated London, November 22nd, as follows : — Wool — The sales opened to-day fairly well at the level of last sales, except that the market for short staple merino scoured is easier. The . attendance of both Home and foreign buyers is good, and their competition fairly active. The sales comprise 134,000 bales. 10,000 bales have been sent 'direct to the manufacturing districts. "! Wheat—Market steady. New Zealand f.a.q. m granary has advanced js per 4961 b since last report. Melbourne, November 24. At the New Zealand Loan and Mercantile Company's .usual weekly sale today, a catalogue comprising 4650 bales was submitted to auction, . of which number 3930 were sold. There was no alteration m the prices realised, and good light-conditioned wools were very firm. Greasy merinos realised as much as n-^d; crcssbreds, io#d; washed wool, isd; scoured, i6-%d. -£>-___>_, 24. The Messageries - Maritimes s.s. Sydney, which arrived from Marseilles, via Mauritius, to-day, brings Mauritius advices to 9th November, under which date Messrs Ireland, Fraser, and Co. repurt as follows : — No improvement m the sugar crop. The yield is very disappointing, being estimated to reach 1 90,000 tons. The month's engagements for New Zealand are ; — Dunedin, 200 tonsj Christchurch, 200 tons. Clearances to New Zealand for the month amount to 245 tons. Freights to Australia are quoted at 20s per toll, New* Zealand 265. Exchange on New Zealand, sixty days bank credits, 3^ per cent. The stock of sugar on hand is 27,000 tons, and exports to Nety ZealancJ this season nqarly 3999 t ?iw