THE MARKETS

Ashburton Guardian, Volume VII, Issue 1898, 21 July 1888, Page 2

THE MARKETS

."-' < [PER >RBBa -/ASSOCIATION J.

London, July 18 Consols, 100^- New Zealand Five per cents, 105 ; Four -per.. cent inscribed 98. Tallow, best mutton, 13s 6d; best beef, 12s od; copper, £79; tin, £Bis.; iron, 43s 3d j sugar) 14s (§d. Australian wheat, 34s 6d : New Zealand long berried, 24s 6dj Colonial barleyj 25s <jd ; oats, 225. , 1 The number of bales catalbgijerj during the present wool series is 333.000i of which 18,900 are held over for next series. London, July- 19, The new two-and-a-half consols are quoted at 99 J£. f'a At the wool auction fine greasy and superior scoured closed at a J_!d per lb higher than closing rates at the last sales, but the advance in other qualities of greasy scoured, as shown during previous sales, has been . losM'Crossbreds have declined a halfpenny below last closing rates. ' ,

The New Zealand Loap and Mercantile Agency Company, Limited, have received the following cable messages :— '

Wheat—The tone of the market is firm; The weather is unfavorable for crop here. New Zealand average is worth 33s 6d per 4Q6lbs ; New'Zealand long-beiried is worth 34s 3dper4o6lbs; New Zealand average is worth d.f, tq arrive 32s 6d per 48olbs. Wool — The sales closed on the 18th at the level of last scales, /except for superior greasy, scoured, and washed merjno, which description, have advanced ££d to yd per lb! and' coarse crossbred, which has declined : J^d tq id per lb. The sales comprised about 312,000 bales; 157,000 bales hava been taken for the Continent, 3000 for America, and 20,000 have been held over for further disposal. I Wheat— The weather is unfavorable for the crop here. : New Zealand average and long-berried are worth 33s 7- and 35s per 4761bs respectively. Tallow— The market has been lower since we last telegraphed, but has recovered. It is steady. Good mutton and beef tallows are worth 22s ad and ais6d pet cwt. i. ' " Frozen Meat — Market steady. Canterbury mutton is worth 4^d per lb : and New Zealand lamb, 6#d p er lb.