THE MARKETS.

Press, Volume XLVIII, Issue 8030, 26 November 1891, Page 5

THE MARKETS.

(Pint PRBSS ASSOCIATION , .) Received November 25th. 11.25 a.m. London, Noveuioor 24. The wool sales were opened to-day, when 1072 bales were offered. There was a full atteud&uce of buyers, competition being spirited. There was only slight enquiry for crosabreds, buyers being in favor of merino, part of which was disposed of at 5 per cent, below the prjcea ruling at the September series, and pare at the same figure. Received November 25th. 830 p.m. London, November 24. The discount rate on three mouths , bills has advanced £ per cent. Received November 26th. 12.J5 a.m. Londok, November 25. A cargo of wheat, ex ship Lake Superior, from Lyttelton, sold at 42s 3d. « At the wool Bales there is a large attendance. Buyers complain of slow unprofitable trade. 191,000 bales were catalogued, including 21,000 froni the Cape. The market is irregular, and not spirited. Good merinos brought from 2 j to 5 per cent., inferior from 5 to 7 \ per cent., crossbrecU from par to 5 per cent, lower than last sales. Kaoeived November 25th. 11.35 a.m. Sydney;, November 25. Wool ie in good demand.. Greasy, 7|d to Bid; washed, 10|dj scoured, Ufa. November 25. The wool market ie firm. Merino combing, 9id to lid; superior greasy merino, la to Iβ Id; crossbreds, Iβ o|d. Received November 25th, noon. Sydjjet., November 25. Wheat, chick 4s 4d,. milling, New Zealand ss, local 5s 01 ; flour, stone made £11 to £12, roller £12 10s to £13; oats, 2e 2d to 2s 3d; maize, 2s 2d to 2s 3d; barley, Cape 2s 4d, English 3s, nominal; bran, 10d; pollard, 9£d ; peas, Prussian Blue 3s to 3a 6d f potatoes, new £3, old crop unsaleable ; onions. £5; butter, dairy made BJ, factory 9 J ; cheese, 4d to 6d> bacon, 6d to 7d; New Zealand, 8d ; hams, New Zealand 10d to lid. Melbourne, November 25. Wheat, 5s 4|d } oats, Algerian, 2s Id ; Danish, 2* 2sd; stout, 2e 7d to 2a BJd ; barley, 2e ; peas, 2a 4d. Adelaide, November 25. Wheat, 4s 9d, nominal; flour, stone made, £10 os to £10 15a ;. £11 5a to £11 15a; oats, New Zealand, 2s 3d to 2s 4d ; barley, Oapei 2s 9d to 3s 6d; English, 3s (id to 09; bran, Is Id , pollard, Iβ Id, : The New Zealand Loan &od Meroauti!e Agency Company, Limited, have received the following cable message from their Loudon office, dated 24th November :— Wool—The sales opened at an average decline of about 5 pet cent, on la»t sales' closing rates, except good greasy merino, good scoured merino and crossbred, for which the market is unchanged. Competition by both home and foreign buyers is fairly active, The total quantity available, including wool held orer from last series, is 210,000 bales, 18,000 balea of which have been forwarded to the manufacturing districts direct, ? : Wheat—The market is J&gbtly steadier. The Russian ukase does uofc affect prieee. C.i.f. quotations have advanced 3d per 4801b sinoe last report. New Zealand wheat, loug berried and average are worth respectively 47a and 44s 3d per