THE MARKETS
(Per Press Association.) London, September 18. New consols are quoted at £98 15s. The market rate of discount is 3^ per cent. The American visible supply of wheat is 31,875,000 bashels. The total quantity of wheat and flour afloat for the United Kingdom is 2,320,000 quarters, and for the Continent 752,000 quarters. London. September IS The wheat market is quieter. An off coast cargo has been sold at from 39s 6d to 40s ; Australian flour, 25s 6 d to 265. Leather, 9£d to lOd for best sides. Owing to tbe inadequate harvest it is* considered probable that Franca will suspend the operation of the import duties on cereals. The New Zealand Loan and Mercantile Agency Company, Limited, have just received the following cabe message from their London office, dated 18th inst. : — Wool — The sales opened this day at about the level of last sales, except for faulty scoured and coarse scoured crossbred, for which the market is slightly weaker. The attendance of both Home and foreign buyers is good, and competition fairly active. Die sales comprise about 212,000 bale 3 ; 38,000 bales have been sent to the manufacturing districts direct.
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Ashburton Guardian, Volume VII, Issue 1949, 20 September 1888, Page 3
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192THE MARKETS Ashburton Guardian, Volume VII, Issue 1949, 20 September 1888, Page 3
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