THE MARKETS.

Press, Volume XLV, Issue 7158, 20 September 1888, Page 5

THE MARKETS.

OPENING OF THE WOOL SALES,

[per press association.]

Received September 13th, 10.30 a.m. ?.-*'■■;?• .■■•■; September 18. " THe""* wool "sales opened to-day. 10,000 bales were offered, but the wo-1 was inferior selection, one-third coming 4_Mtt-S-SrS__th Wales and one-hfth from the..Cap?; ? Thj attendance was 4asge, hat the biddings were irregular. Good merino shows a higher tendency; faajty; sorts: are weaker; orQasbreds underwent-->**o change. The total amount available 'for present series is

Received September 20th. 12.45 a.—

. . ... Xiondo-, September 18, . TSew" consols are quote- at £98 15s.

The .market rate of discount is 3_ |>gr : * The American visible supply of wheat is 51,375,000 bushels. The total quantity of wheat and flour afloat for the.United Kingdom is 2,320,000 quarters, and for the Continent 752,000 quartass. Sttver.iß-a-4'tf 3-16 th. " - Beceived September 20th, L3oajn.

•■■ ■■: ■•■■ Lowdow, September 10. The wheat, market is quieter. Ah off coast cargo has been sold at from 39s 6d to 40s * Australian flour, 25s 6d tfi.%^L'. ;."■ Leather. to 10d for beet, sides. • ,_>wing to tlie inadequate harvest it is considered probable that Prance will suspend the operation of the import duties on cereals.

: The' New Zealand Loan and Mercantile Agency Company, Limited, have just, ihe lollov*. ing c*bh? message from their-Londco office, dated IBth iusie-t-r— . j. Wool—The tales opened this- day at

about the level of last sales, except for faulty scoured and coarse Bcoured crossbred, for which the market is slightly weaker. The attendance of both Home and foreign buyers is good, and competition fairly active. The Bales comprise about 212,000 bales; 38,000 bales have been sent to the manufacturing district, direct. Hops—The yield here is expected to be below an average, but stocks are heavy.