COMMERCIAL NEWS.
THE LONDON MARKETS.
THE TEA MAKKET.
(BY ELECTRIC ' TBLEOJttAPa.--O6PYRIOHT.) (REOTER'S TKLEGRAMB. ) ■■-■■.■■■ Lokdon, Jxirie»i4. ■ Consols * hate advanced" to too|. The B*nk rate remains i»t 4 and tUe~ market rate at 3^- per cent. The total reserve m note=* and bullion m the Bank of England is .£11,900,000, an increasw of one million during the week. The proportion of reseive to liabilities is 40. percent. ;" T;her«are no changes to-report m New Zealand securities or colonial produce.At tho wool sa'e today 9200 bales' wer.H offered. ._ The tone of the market was Bfe3dy^but not act] ye. /.240_0_ bales have b^en withdrawn from sale since the opening. Tha fourth series of has been fixed to open on the 20th ISovember. r . ( . . T , . Hi es are Holland slow of sale with ; a downward tendency. ; ; ; : • ■. Melbourne, June 15. : ... A private telegram from Foocbow, under date 11th June, reports pfjthe,. iocal tea market as follov/s ;— The _seaspn opened, to-day. Prices for common an 1 medium qualities are two laels below last y-'ar. The quality of the emp is considered about the same as last season. Buyers are cautious, and the market is quiet wittTbat little doing. There is a general belief that; the export will be short. '" TBe 'steamships KtUarney , for Melbourne, and Oatterthao for Sydney, sail on sth Jhiy.j.'.-.-.Ex.-.. change is at 3s ?±-\.
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Bibliographic details
Manawatu Standard, Volume 4, Issue 165, 18 June 1883, Page 2
Word Count
218COMMERCIAL NEWS. Manawatu Standard, Volume 4, Issue 165, 18 June 1883, Page 2
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