THE MARKETS.
[VTR PKX6S ASSOCIATION.] Received January 19th, 12.30 pjn. London, January 18. The total reserve in notes and bullion in the Bank of E.igland amounts to £13,174,000, being an increase on the previous week of £682,000 The proportion of reserve to liabilities is 41£. 99. New Zealand Four per Cent. Inscribed Stock, 102. Business is active.
Australian wheat, 425; New Zealand long-berried, 425. Sugar—German beet, 12s 9d, weak; Java, 17s.
Best Scotch pig iron, 41s. Australian tin, £96 10s. Chili copper, £72 15s. Received January 20th, 11 a.m.
London, January 18. For kauri gum there is a poor demand, 500 cases have recently been sold at a decline of 2s 6d to ss.
The import of Australian lamb exhibits an increase for 1888 of 21 per cent, over that for 1887, and New Zealand of 19 per cent. In mutton there is a general increase of 73 per cent. At Smithfield, beef is averaging top prices. Australian mutton 4£d, and New Zealand 4£d per lb.
The New Zealand Loan and Mercantile Agency Company have received the following cablegram, dated January 18th:-—Tallow— There is little demand. Good mutton tallow is worth 35s 6d per cwt. For good beef the quotations are unchanged.
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Bibliographic details
Press, Volume XLVI, Issue 7260, 21 January 1889, Page 5
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202THE MARKETS. Press, Volume XLVI, Issue 7260, 21 January 1889, Page 5
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