THE MARKETS.

Press, Volume XLV, Issue 7172, 6 October 1888, Page 5

THE MARKETS.

it? * [FER PRESS ASSOCIATION.] Received October sth. 1 pjn. London, October 3. At the wool sales to-day 9000 bales were sold. Leather-~Best sides, 9Jd to 10d. "October 4. The Bank rate of discount is five per cent. New Zealand Four per Cent* ..In? scribed Stock has fallen 'bom) |£i£ 96|; Bank of New Zealand shares are quoted at £10; the decline in Jlew Zealand stock is due to the Bank" of New Zealand disclosures, which have depressed the market. Received October 6th, 10.30 p.m. London, October 4. Tallow is quiet. Mutton, 28s to 28s 6d; beef, 27s to 27s 6d. Sugar is flat; German beet, 12s 9d. Skins and hides are in fair demand. Ox hides, 4£d. The weekly returns of the Bank of England, published to-day, show the total reserve in notes and bullion at £10,302,000, and the proportion of reserve to liabilities 33 J per cent., being a decrease of £1,898,000 in the total reserve and a decrease of 8£ per cent. in. the proportion of reserve to liabilities. Kauri gum—The market is flat. Received October 6th, 1.15 a.m. ' ' London , , October 4. Wool—The recent advance is maintamed for bust merino combings and mediums and common scoured crossbrods. Other descriptions show a decline as compared with the July closing rates. The market is geneiiPy steadier. New consols, £98 ss. The market rate of discount has advanced to 4| per cent.