Commercial News
i.P'SK UNITED PEESB ASSOCIATION, j i London, April 11. At the wool sales prices are hardening, especially in merino wools. The withdrawal of £600,000 in gold for Germany and Austria has had the effect of hardening the money market, and it is feared that the bank rate of ■ discount will shortly be raised to 4 per cent. - April 12. The quantity of wool catalogued up to date is 109,000 bales of which 104^000 bales haye been sold. Tne market for good wools is firm. American houses are buying freely choice greasy sorts. Tallow, medium mutton, 265; beef, 24s 6d. The English wheat market shows a strong tone and pricee are unchanged. The continental market is advancing with increased firmness, and the American market'is also firm. The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable advice from London dated, 10th inst. : — Tallow— Tallow is dull of sale. Fin& mutton is worth £26 per ton, and good beef, £25 15s. New Zealand Hemp — The market continues dropping. Medium . quality is worth £22 per ton. Frozen Meat —The market is dull, and mutton hafe. a downward tendency, having declined on-eighth of a peuny per 1b since last report. The price of lamb has also fallen on© penny per lb since last report.' Forequarters New, Zealand beef is worth 3f d, and hiud quarters, 4£d.
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Bibliographic details
Feilding Star, Volume XII, Issue 125, 14 April 1891, Page 2
Word Count
228Commercial News Feilding Star, Volume XII, Issue 125, 14 April 1891, Page 2
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