THE MARKETS

Ashburton Guardian, Volume VII, Issue 1829, 30 April 1888, Page 3

THE MARKETS

(PER PRESS ASSOCIATION.)

London, April 2P. Tallow— Mutton, 26s to 26s 6d ; beef, 248 to 24s 6d. Tho stock available is 9000 casks. The frozen meat by tho steamer Elderslio has arrived m excellent condition and is .selling at 4d. Bank of New Zealand shares have risen m value and are now quoted at £16. Tho sheepskin sales opened strongly at tho par of last auctions, but declined at the close with a tendency m buyers' favor ; 3600 were sold. At the wool sale 12,000 bales were disposed of. The New Zealand Loan and Mercantile Agency Company, Limited, have received tho following cablo message from their London office, dated 27th inst. : — Tallow — Tho market is steady. Medium and inferior mutton is m demand, but fine is no«lected. Good mutton is worth 25s 9d, and good beef 24s per cwt. Frozen Meat — Tho market is quiet. New Zealand mutton, weighing 601 bto 651 b per carcase is worth 4£d, and prime New Zealand lambs 6d per Ib. Butter — Supplies of Continental are heavy. The market has receded 80s per cwt. New Zealand is worth 60s per cwt. Checso — Market steady. New Zealand fine Quality is worth 56s per cwt, £The following private cable message was received m Christchurch on Saturday : — The reports of the American wheat crop continue unfavorable. The market for distant cargoes is better.