THE MARKETS.
[per press association.] Received July 20th, 1.10 p.m. London, July 17. The new Two-and-a-half Consols are quoted at 99£. London, July 18. Consols, 100£; New Zealand Five per Cents., 105; Four per Cent. InBcribed, 98,
Tallow, best mutton, 13s 6d; best beef, 21s 9d. Copper, £79. Tin, £S1 ss. Iron, 43s 3d. Sugar, 14s 6d.
Australian wheat, 34s 6d ; N.Z. long berried, 34s 6d ; Colonial barley, 25s 6d; oats. 225.
The number of bales catalogued during the present wool series is 333,000, of which 15,900 are held over for the next series. Received July 20th, 2.10 p.m. London, July 17. Galvanized iron, Gospel Oak brand, £16 10s. An Australian cargo of -wheat was sold at 345. '
The wool sales closed firm. • Received July 20th, 10.45 , p.m. London, July 19. At the wool auction fine greasy and superior scoured closed at id per lb higher than closing rates at the last sales, but the advance in other qualities of greasy scoured, as shown during previous sales, has been lost. Crossbreds have declined a halfpenny below last closing rates.
The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable messages: — London, July 11. Wheat—The tone of the market is firm. The weather is unfavorable for the crop here. New Zealand average is worth 33s 6d per 4961bs ; New Zealand long-berried is worth 34s 3d per 4961bs ; New Zealand average is worth c.i.f. to arrive 32s 6d per 4Bolbs.
July IS. Wool—The sales closed this clay at the level of last sales, except for superior greasy, scoured, and washed merino, which descriptions have advanced id to Id per lb, and coarse crossbred", which has declined id to Id per lb. The sales * comprised about 312,000 bales; 157.000 bales have been taken for the Continent, 3000 for America, and 20,000 have been held over for future disposal.
Wheat—The weather is unfavorable for the crop here. New Zealand average and long-berried are worth 33s 7d and 35s per 47Glbs respectively. Tallow—The market has been lower since we last telegraphed, but has recovered. It is steady. Good mutton and beef tallows are worth 22s 9d and 21a 6d per cwt. Leather—Best sides are worth 10 Jd per lb. Hemp—Medium is worth £24 per ton. Frozen Meat—Market steady. Canterbury mutton is worth 4Jd per lb ; and New Zealand lamb, 6}d per lb.
THE MARKETS.
Press, Volume XLV, Issue 7124, 21 July 1888, Page 5
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