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CABLE NEWS

LATEST FROM EUROPE [bedtkr’s telegrams— -copyright. I * Monetary and Commercial. London, April l7. The stock markets are improving as the apprehensions of war between England and Russia are subsiding. Consols have advanced by ij£, and are now quoted at 97. The market rale ot discount has declined to and is now 1 per cent below the bank rate. New Zealand securities have generally advanced by to 2 per cent. To-day’s quotations are :—Five per cent. 10-4.0 loan, 100J3 ; Four and a half per cent 1879-1904 loan, iooj£ ; Four per cent inscribed stock, Colonial breadstuff's—Adelaide wheat, ex store, has declined by 2s to 38s per 4961 b. Adelaide flour remains at 275. New Zealand wheat has declined by 2s, and is now 32s to 37s according to quality, per 4961 b, ex store. Australian tallow remains at 31s 6d for beef, and 33S for mutton, average quality. The wool market continues firm. The catalogue at to-day’s auction comprised 8,000 bales. New Zealand mutton has suffered a decline' of from %d to *4d, and is now realising sj4d to j per lb. (Received April 20,11 a.m.) Monetary and Commercia 1 . . London, April 13. Consols have further advanced by an eighth, and are now at New Zealand securities remain at last quotations. There are no changes to report in Colonial produce. The Wool Market. The March-April series of wool sales closed to-day. The total quantity sold has been 180,000 bales. 42,000 bales I were held over for next auctions. The prices generally closed a to id lower, except for crossbreds, which have advanced by a to a id compared with the closing rates of the JanuaryFebruary auctions. The third series of safes open on June 4th.

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https://paperspast.natlib.govt.nz/newspapers/AG18850420.2.15

Bibliographic details

CABLE NEWS, Ashburton Guardian, Volume V, Issue 1518, 20 April 1885

Word Count
285

CABLE NEWS Ashburton Guardian, Volume V, Issue 1518, 20 April 1885

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