THE MARKETS.
I per press association.] Received July 6th, noon.
London, July 4. The weekly returns of the Bank of England, published v o-day, show the reserve in notes and bullion to be £14,384,000, being a decrease of £100,400 as compared with the previous week. The proportion of reserve to liabilities is 411 per gent. Consols, 98£., New Zealand Four per Cent Inscribed Stock, 105fy with active market. Received July 7th, 10.40 a.m. London, Juiy 5. An Australian cargo has been sold at 345; that by the Bargamy, from Lyttelton, was disposed of all at 33s 10_d.
The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable message from London, dated sth July:— Frozen Meat—Stocks of mutton are increasing, and the market has a downward, tendency. Canterbury and Wellington mutton is worth respectively 6£d and s£d. Canterbury lamb is worth B|d per lb. There is a rather better demand for New Zealand beef. Fore and hind quarters are worth 3£d and 4sd per lb respectively.
Taljpw is dull of sale, but quotations are unchanged since last telegram.
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Bibliographic details
Press, Volume XLVI, Issue 7356, 8 July 1889, Page 5
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181THE MARKETS. Press, Volume XLVI, Issue 7356, 8 July 1889, Page 5
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