THE MARKETS

Ashburton Guardian, Volume VII, Issue 2135, 27 May 1889, Page 2

THE MARKETS

(pbb paass ASSOCIATION,)

London, May 24. The weekly returns of the Bank of England show the reserve m notes and bullion at £15,085,000, being an increase upon the previous week of £607,000. The percentage of reserve to liabilities is not mentioned*

1 The New Zealand Loan and Mercan* tile Agency Company, Limited, bare received the following cable message from London, dated 24th May }— Tallow has advanced 2s per owt lino* last report. The market is firm. LoNnoN, May 25. Consols are quoted at 99£, with market firm. New Zealand Four-per-Gent. Inscribed Stock is quoted at 106, with market firm. Australian wheat, ex store, 38s 6d, with business restricted ; New Zealand long berried, ex store, 38s, with business restricted. Wool— Arrivals up to date aft 350,600 bales j for forward shipment. 67,000. * * At the Antwerp wool Bales prioes obtained at the opening were maintained* 13,500 bales of River Plato wereoffewd, and 790 were sold. The prioes realised show an advance of a half-penny on last London sales. (Received May 27, 1.25 p.m.) London, May 26. Tallow— medium mutton is quoted at 265, medium beef, 24s 6d. The English wheat market is declining continuously. The Continental shows a general decline, and the American is unchanged. Forward business is inactive. Arrivals of foreign wheat art large. For Australian new orop on passage, buyers offer 345. Australian flour averages 26s 6d| New Zealand, 24s 6d. Shares m the Bank of New Zealand* ex dividend, are quoted at £10.

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