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The Markets.

[per press association.] London, April 10. The bank rate of discount is 3& per cent. The Victorian Government guarantee to make the new stock rank part pa#su with the old stock, and the price includes accrued interest from Ist January. Certificates have been issued payable bearer at £100 ss; and £101,000 have been issued with coupons attached. Government agree that no further borrowing shall place during the current year. Forty per cent, of the loan is payable on May 20th, and the final forty per cent. \ oii June 20th. Brokers regard the terms as most favorable, though the amount is too | great. Jt is expected in the city that the i Ic4n will realise from £1 to £1 10s premium. The total quantity of wheat and flour afloaiforthe United Kingdom is 2,700,000 quarters, and for the Continent 604,000 quarters. The American visible supply ia 26,848,000 bushels. Money is declining; the market rate of discount for three months biUs is 2j per cent,

London, April 11, N,ew Zezland hemp, good medium, £20 to £20 ss. Both New Zealand and Sydney frozen mutton is a farthing lower.

The >|"ew Zealand Loan and Mercantile Agency Company, Limited, have received tbe following cable message from London, dated 11th April;— "\Yool—The sales opened on 10th April at an ayerage decline of about 5 per cent on last sale!? closing rates, except fine crossbred, for which fche market is unchanged, and coarse crossbred for which the market is easier. Attendance of both Home and foreign buyers is good, and competition by both, is fairly active. The total quantity available, including wool l*eld over from last sales, is bales, 85,000 bales of which have* been forwarded to the manufacturing districts direct.

Wheat —The market is depressed. New Zealand long berried is worth 37s per 4961b. Other quotations unchanged. ; -

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18900412.2.11

Bibliographic details

The Markets., Ashburton Guardian, Volume VII, Issue 2399, 12 April 1890

Word Count
303

The Markets. Ashburton Guardian, Volume VII, Issue 2399, 12 April 1890

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