London Markets.

Feilding Star, Volume XVI, Issue 178, 28 January 1895, Page 2

London Markets.

(Per Press Association). London, January 26. The Bank of England reserve ia £27,142,000 ; the percentage of reserve to liabilities is 65*73 Consols, 105^. Three months bills are discounted at 5-Bth per cent. New Zealand 4 per cents, 107 ; 3J per cents, lOlj. New Zealand long-berried wheat, 25 s nominal. The frozen meat market is depressed. New Zealand second quality mutton is selling at 3^d ; lamb, 5d nominally. The cheese- by the Gothic has been landed in excellent condition, but the market is dull. The N.Z.L. and M.A. Company have received the following cablegram from their London office dated 25th instant .- — Wool — Since close of last sales greasy merino super is par to id per Ib. Combing washed has declined Id per Ib. Scoured merino, super, greasy merino (medium and inferior), fine greasy crossbreds are par to id per lb lower. Scoured merino (mediumand inferior) fine washed crossbred and five scoured crossbred are £d per lb lower. Coarse greasy crossbred is par to Id per lb lower. Medium washed crossbred, medium scoured crossbred, coarse washed and coarse scoured crossbreds are Jd per lb lower. Other descriptions unchanged. Competition by both Home and foreign buyers is fairly active. The total quantity catalogued to date is 61,000 bales. The total quantity withdrawn to date is 7500 bales. Wheat market unsettled. Spot quotations have declined 3d per 4961 b.