ENGLISH AND FOREIGN MARKETS.

Temuka Leader, Issue 2376, 30 June 1892, Page 4

ENGLISH AND FOREIGN MARKETS.

London, June 23. At the wool sales there is fair competi-/ tiojjuji all sections of the trade, but prices areWßdly maintained, especially for crosshrjgif The total? number of bales cataysSpPed up to date has reached 151,6005 of Jpnich 144,000 were sold. Tallow is unchanged. The English ..wheat market is weak, without any change worth quoting. The depression in the market shows no sign of ligifftming. The American wheat market shows a general decline. Good combing wool is in demand at the auction sales at full rates. June 27. The Card! IF Municipal Council have issued a loan of £422,000, at 3£ per cent, the minimum of which is fixed at the high price of 106. Lord Onslow represents the Christchurch Chamber of Commerce at the forthcoming conference. The premium on the Victorian loan has nominally declined J. The feeling as to its success is less assured, and it is believed that it will depend largely oa|| the amount tendered for by the hanks who promised to assisst. Tnemost sanguine view is that 93 will be obtained. Leading financiers continue in an exasperated frame of mind, and ask when the finality of borrowing will be reached. The demand from America for wool is j still good and prices are well sustained for all high-class sorts' Lower grades of merino and crossbreds show a decline of fully 5 per cent, on opening rates, owing to the enormous preponderance of inferior wools on offer.