THE MARKETS
[Per Hauroto at Auokland.J London, August 9.
Frozen meat— Holders demand high rates ; New Zealand mutton is quoted at 5d ; lamb, 7£d ; Sydney mutton 4^d; beef, forequarters, 8d ; hindquarters. 4ld. The weekly return of the Bank of England shows the reserve in notes and coin at £11,578,000 ; the percentage of re&ervo to liabilities is 36£ ; the Bank rate of discount is now quoted at 3 per cent.
Consols 98£, active. New Zealand Four Per Cents 106£, active. .■ . • Sugar, German, cash price 19s ; Java, 21s, quiet.
The quantity of wheat and flour afloat for the United Kingdom is estimated at 2,300,000 quarters, and for the Continene about 232,000 quarters. The American visible supply of wheat and flour is estimated at 12,625,000 bushels.
Australian wheat, ex warehouse, 39s 6d j New Zealand wheat, long-Berried, ox store, 89s, quiet. :
SIDNEY. Augnßt 10 Breadstaffs deliveries for the week amount to 495 tons of flour from Adelaide ; 484 tons of flour, 390 tons wheat from New Zealand ; 141 tons flour from Victoria.
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Ashburton Guardian, Volume VII, Issue 2200, 15 August 1889, Page 2
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169THE MARKETS Ashburton Guardian, Volume VII, Issue 2200, 15 August 1889, Page 2
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