THE MARKETS.

Press, Volume XLV, Issue 7143, 3 September 1888, Page 5

THE MARKETS.

[PKR PBESS ASSOCIATION.] Received September Ist, 11-45 p.m. London*, August 30. Tin is quoted at £95 per ton. The weekly returns of the Bank of England show a total reserve in notes and bullion to be £12,629,000, beingan advance of £1,118,000. The proportion of reserve to liabilities is 4-i£. Received September 2nd, 10.?0 a.m. London, August 31. The copper market is demoralised, and the Syndicate offers to Bell at £78 10s. Tin—The market is excited, in consequence of enormous deliveries. Received September 3rd, Lls a.m. London, September 1. Straits tin is quoted at £98 per ton and Australian at £110 ss. Chili copper ia quoted at £89 per ton. It is rumored that the copper syndicate have arranged to give tho owners of leading mines a higher price for the metal if they will agree to diminish the output for five years. Babbit skins show a decline of 2d to 3d. A general advance in freights to colonial ports is expected. An increase of 5s per ton has already been mada on steamers to New Zealand. The New Zealand Loan and Mercantile Company, Limited, have received the following cable message from their London office, dated August 30th :— Wheat—Owing to the heavy rama which have fallen and the still unsettled weather, the market is firmer. New Zealand average and longberried wheats are worth respectively 38s and 40a per 4961b.