THE MARKETS

Ashburton Guardian, Volume VII, Issue 1971, 16 October 1888, Page 3

THE MARKETS

[per press association. J

London, October 14. New consols, ,£9B 5s Bd. Mr Yull, financial agent, advises the Australian colonies to postpone their loans until the Bank rale is reduced.

The English wheat market is improving and increasing m firmness. The Continental and American markets have also an upward tendency. An Aus-tralian-off coast cargo has been sold at 42s to 42s 6d.

The English wheat market continues strong, and Continental remains steady, while American shows a slight decline. Australian wheat, on the spot, is quoted at 43s 6d. New Zealand long-berried, 43s 6d to 445. For cargoes of new crop sellers are asking 42s 3d. Australian flour, ex store, is at 285 66, and New Zealand, ex store, 275.

A cable message to the New Zealand Loan and Mercantile Agency Company, dated October loin says : — Wool — The sales closed this day at the level of last sales, with the following exceptions: — Greasy merino and fine greasy crossbred have advanced £d per 1b; scoured merino and fine washed and fine scoured crossbred to id, while greasy crossbred has declined }£(1 to id per Ib. The sales comprise about 221,000 bales; 11,000 bales haye been held over for future disposal; 102,000 bales have been taken for the Continent, and 1000 bales for America.

Wheat — The market is quiet. New Zealand average is worth 41s 6d per 4961 b, ex store, and New Zealand, f.a.q., c.i.f., to arrive, 40s per 4801 b,