Commercial News
London, August 28. The Bank of England returns published show the total reserve to be £L 7,114,000, fceingah increase of £94,000 as compared with, the previous week.. New, Zealand 4 per cent inscribed stock ' 104| ; 3} per cent ditto, 94|. New Zealand long- )erried wheat is dinner at 45 s fid. For cargoes on passage sellers ask 43s ; buyers offer fld less. Flburj patent brands, 28s 6d. Forward ■business in wheat shows a decline in values Most of the off coast cargoes liave been sold. Canterbury mutton, 4d per lb ; lamb, 4>|; Vfellineton mutton, 3fd. The stock of frozen meat is accumulating. Beef, hind-quarters, 4§d ncr lb. New Zealand hemp is steady, but there is an occasional decline -of 10s per ton. South Australian wheat, 45s 63 ; Victorian is firm at 455. German sugar, 13s ■64; Java is quiet at ]ss. No. 1 best Scotch pig iron, f .o.b. in Clyde, is steady at 475. Tallow — Average beef 25s 6d ; mutton, '.28sv ■ ■ . ■ At the auction sale of Australian woolled sheepskins there was a moderate Attendance of Home and Foreign buyers. IPrices showed a slight decline, the rates realised being — Crossbreds, medium greasy, 6d ; merinos, ditto, s^d.
The New Zealand Loan and Mercantile jLgency Company (Limited) have received the following cable advice from tbeir Lon don office, tlated 28th instant: — Tallow — The market is quieter. Good mutton is worJh 28s per cwfc, and good beef, 25s 9ri. Frozen meat — Both mutton and beef markets are quiet, and that for lamb is Canterbury mutton is worth 4d , : and Wellington. 3fd per lb. Prime New .Zealand lambs are worth, per carcase s§d perlb New Zealand beef, hind -quarters, is worth 4|d per lb. Other quotations are unchanged.
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Bibliographic details
Feilding Star, Volume XIII, Issue 27, 1 September 1891, Page 3
Word Count
286Commercial News Feilding Star, Volume XIII, Issue 27, 1 September 1891, Page 3
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