THE MARKETS.

Press, Volume XLVIII, Issue 7865, 16 May 1891, Page 5

THE MARKETS.

(PEB PRESS ASSOCIATION.) Received May 15th, 11a.m. London, May 14. The Bank rate of discount Is 5 per oent. The balanoe of the apples per Mamari brought from 10s to 14s 6d per case. Received May 15th, 1.30 p.m. London, May 14. The rise in the Bank rate -of discount was unexpected, audit is feared that an unknown danger is impending. The money and stock markets are disorganised. Frozen meat is unchanged. Received May 15th. 7 p.m. London, May 14. The Bank of England returns published today show the total reserve to be £11,718,000, being a decrease of £492,000 as compared with the previous week. The proportion of reserve to liabilities is 33.98. Consols 95. Three months , bills discounted ab 4f per cent. The money market is excited. New Zealand Four Per Cent inscribed stock, Three and a ■ Half Per Cent, ditto, 95£. There is restricted business in New Zealand long-berried wheat at 43s for cargoes on passage. Sellers ask 43s 3d, while buyers are not prepared to give more than 42s 9d. Wellington hemp is in fair demand at £20 10s. South Australian wheat is weaker at 445, and Victorian is quiet at 43s 6d. Sugar—German beet, 12s IQJd ; Java, 14s 9d, with market quiet. No. 1 best Scotch pig iron f.o.b. in Clyde is excited, and haa advanced to 48s 6d. Received May 16th, 1.15 a.m. London, May 15. The rise in tho Bank rate of discount is due to the expected withdrawal of gold to the value of £3,000,000 by Buseia in June.