THE MARKETS.

Press, Volume XLVIII, Issue 7770, 26 January 1891, Page 5

THE MARKETS.

(PER ?BESS ASSOCIATION.) • January 1ft.30 a.m. London, January 23. The attacks of the " bears" on certain financial houses whioh have branches in Australia, and on others cohuecte4 South American businesses, have failed. The tone of the money market is now distinctly better. Received January 21th, IL2& a.m. London, January 23. The Bank of England's reserve is £17,054,000. The proportion of reserve, to liabilities is 43.9. Consols 9,7^. Three mouths bills are quoted afc per ceut. New Zealand Four per cent, inscribed stock, 106.|; Three and a half do, 961 New Zealand Hemp — Auckland, fair quality, £24 lQa; Wellington, good, £24 ss; best mauilla, £42. Frozea Muttoa — Wellington, 3d thirtcea-sixteenthi; Caaterbary laoib, 4|4. New Zealand beef —Fore-quarters, 3d seveu-sixteenths; bind - quarters, 4id. New Flour — Superfine, 23s 6d, New. Zealand Wheat;— Long-berried, 37e 9.A. For wheat on passage sellers ask 37s 3d, buyers offer 36s JJd; off coast cargoes, 37s 6d ; Adelaide wheast, 39a, business restricted; Victorian, 38s 6d, business q^uie.t. Qermaa beet sugar, 12s 9d j Java, 15a 3d. JNo. 1 beat Scotch nig iroa in Clyde, 47a 3d. Silver, 45fd. Keoeivel January 25th, 10.85 a.m. LoKDOK, January 23. The butter market is glutted, and prices have fallen 4a, per owt. Dajrymade butter; ex s.s. Duke of Buokingham realised IOCa per cwt, and factorymade 112s to 114 a. New Zealand oheeae, 54s to 55a per cwt. The, New Zealand Loan aud Mercantile Agency Company, Limited, hay? received the. following cable message, dated London, 23rd January, 1891 :— Tallow—Market firm; quotations unchanged eiooe last telegram. Frozen Meat —Market fiiTn* New Zealand beef—Fore and hind-quarters are worth respectively 3|d and 44d per lb. Other quotatioqs unchanged. New Zealand Hemp—Market firmer. Medium is worth £23 5s per ton.