THE MARKETS.
mm Aws—itUon—-~ebria Telegraph-•OoprrlfthO London, May 11. The bank rate of discount) is 3£ per cent. Silver is quoted at 3s 2|d. The American visible wheat supply is estimated at 92.400,000 bushels. The total reserve in the Bank of England ia £14,113,000. The proportion of reserve to liabilities is 39.42. Three months' bills, 3J per cent.; market firmer. Consols, 98£. New Zealand Four per Cent. In* scribed Stock, 1044, Three and a-Half do, 96£. New Zealand long-berried wheat, ex warehouse, 31s. Adelaide wheat, 345; Viotoria, 33s 6d, market firmer. Twelve thousand quarters of Australian February shipments sold at 31s. New Zealand hemp and frozen meat —No change in quotations. Sugar—German beet ISs 3d, Java 18s 9d. Market quiet. No. 1 best Scotch pig iron, f.0.b., in Clyde, 40s 6d, steady. The New Zealand Farmers' Cooperative Association of Canterbury, Limited, have received the following cable from their London office dated May 11th :— " New Zealand wheat, ex Coptic, is selling at 31s for round-berried, 32s Tuscan, f.a.q.
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Press, Volume L, Issue 8482, 13 May 1893, Page 7
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166THE MARKETS. Press, Volume L, Issue 8482, 13 May 1893, Page 7
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