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THE MARKETS

(Pxb Pkess Association.)

Losdon, May 2. The weekly returns of the Bank of England show the total reserve oi notes and bullion at £13,676,000, and the proportion of reserve to liabilities at 39 per cent, being a decrease of £526,000 on the reserre last week.

Consols are steady at 98£, New Zealand Four Per Cent. Inscribed Stock have advanced to 106. The market is active.

Australian wheat, ex warehouse, 398 6d ; market quiet. New Zealand long-berried, ex store, is firm at 39b.

The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable message from their London office, dated 4th May: — Wool— The sales closed firmly this day at an average advance of about 1\ pet cent on laat sale's closing rates. The principal advance has been m superior greasy. Medium to good scoured merino has advanced Id to l^d per lb ; coarse crossbred, market unchanged ; medium crossbred has advanced £d per b. The sales comprise about 302,000 bales , 6000 bales have been held ovei for future disposal j 181,000 bales have been taken for the Continent ; 5000 bales have been taken for America,

Tallow — Good mutton has declined 6d per cwt Bince last report. Frozen Meat — Mutton market firmer. Canterbury mutton ib worth 4§d per lb. Beef market depressed ; quotations unchanged. Lamb market quiet, (Received May 6, 12.2 p.m.) LoXDON, May £.

The wool sales closed very firm. Prices generally were £d above those of February. Trade is healthy and the advance will probably be maintained.

(Received May 6, 2 25.) London, May 5 Tallow — Medium mutton is quoted at 23s 6d ; medium beef 235. The total quantity of wool catalogued at the present series of auctions is 312,000. Of this number 182,000 have been sold for export, and 4600 held over for the next series.

New Zealand wheat on passage is ' quoted at an average of 355. Forward ( bußiness is steady. Foreign arrivals are moderate. There are no cargoes off coast or at ports of call. The English wheat market is steady, the Continental ! dnll and the American unchanged. New Zealand Hemp— £B6 15s to £37.

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THE MARKETS Ashburton Guardian, Volume VII, Issue 2127, 6 May 1889

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