THE MARKETS.

Press, Volume XLIX, Issue 8093, 15 February 1892, Page 5

THE MARKETS.

Press Association—Electric Telegraph—Copyright London February 12. The Bank of JtSugtand returns, published to-day, chow the total reserve to be £16,676,000. being an increase of £1,310,000 over the previous week. The proportion of reserve to liabilities i 8 44*84 per cent. Consols, 95£.

Three months bills have advanced £ per cent. Mew Zealand Four pqr Cent. Inscribed Stock, 100 j Three-and-a-Half per Cent, lusuribod fc»tock, 91f. Wheat—There is increased firmness in the wheat market, but prices are unchanged.

Frozen Meat;-—A general rise of per Ib Ua§ taken place in New Zealand frozen mutton; lamb is quoted 9t 6d per lb.

ISew Zealand hemp is ia moderate demand at previous rates.

Kauri gum is in fair demand at a slight decline; fine.pale scraped ia quoted at £8 qs; half scraped, £3 15s,

The butter market is steadier; a consignment, ex Aorangi, fetched from 86a to 1123 per cwt.

Sugars-German beet, 14a 4^-d. No. 1 beat Scotch pig iron, f.o.b. ia Clyde, ia quoted at 435, restricted buainees. Lobdon, February 13. Mr B. E. Wise, M.L.A. for Sydney South, on behalf of the Pastoral and Financial Association and Messrs Geddes and Co., of Sydney, has arranged with combination of ship - owners and producers to txport from Sydney on SDecial terms six thousand carcases of frozen meat weekly. The arrangements wiil begin about tlie end of the year. Mj&jwubb_?, February 14. During the season just closed 2143 tons of butter were exported from this colony, which realised la per lb. This is more than double the quantity of the previous season, and it i_ estimated that 3000 tons will be sent away next season. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable message dated London, February 12 th inst:— Tallow—-Market quiet. Fine mutton and good beef .is worth respectively 27s 6d and 25s 3d per cwt. Frozen * Meat;— Market firm. The price of mntton has advanced |d per lb since last report. New Zealand beef, hind-quarters, ia worth nominally 5d per IL. Other quotations unchanged.

GABLE NEWS.