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CABLE NEWS.

LATEST FROM EUROPE[rkutrb’s TSLKOHAMB—OOPTRIOUT.] Monetary and Commercial. London, April 16. Consols have risen 15s, and are now quoted at 95 %. The Bank rate of discount remains at 3 per cent, but the market rate has been reduced ji, and is now per cent The Bank of England weekly returns show a total reserve in notes and bullion of Li 6,700,000, an increase of Lso.ooo during the past week. The proportion of reserve to liabilities has risen to 48 per cent. New Zealand securities remains at last quotations. '< Colonial breadstuff's—Adelaide wheat; ex store, 40s ; Adelaide flour, ex store, 275. New Zealand wheat, ex store,. 34s to 39". Tallow, Australian, average quality beef, 31s’ 6d 7 ditto mutton, 33 s -

Wool Sales

The tone of to-day’s sale was firm, with better demand for most descriptions at about id higher than Vast sales. 9,200 bales were offered. Since the opening of the series, 31,000 bales have been withdrawn, out of a total of 232,000 catalogued.

AUSTRALIAN.

[reoxer’s telegrams—copyright.] TheiMarkets. Sydney, Yesterday. New Zealand wheat is selling here at 2s 3d; New Zealand oats, 2s 2d; maize, 3s 3d per 561 b. Sugar Cd.’s, No. 1 pieces, L 26.

L nsettled. / The dispute between the Pacific Mail Company and the Seamen’s Union still rem?ins unsettled. Defences. A Cabinet Council was held to-day, at which further measures were disr cussed for placing the defences for the Colony in a satisfactory condition. The Political Situation. Melbourne, Yesterday. Government are in receipt of a telegram from the Agent-General to the effect that the political situation is still very menacing. Sentenced to. Death. The trial of the convict Barnes for the murder of the late J. B. Slack was concluded to-day. ■ Prisoner was found guilty, and sentenced to death. The Wheat Market. Adelaide, Yesterday. , Wheat market quieter, prices ruling from 3s 8d to 3s qd. Flour—Town brands, L 8 5s to L 8 10s; country, ■Li 15s to Li 1 10s. Freights to London —Steamers, 20s to 235; sailing vessels, 23s to 255. Shipping. Arrived —Messageries steamer Salazie from Marseilles. The Sugar Trade. Mauritius advices are to hand dated April 2. Messrs Ireland, Fraser and Co.’s circular gives the month’s engagements for Christchurch as 200 tons, and Dunedin the same amount. Freights to Australia rule 30s to 335. The sugar crop has been to a large extent improved by recent rains.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18850418.2.13

Bibliographic details

CABLE NEWS., Ashburton Guardian, Volume V, Issue 1517, 18 April 1885

Word Count
395

CABLE NEWS. Ashburton Guardian, Volume V, Issue 1517, 18 April 1885

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