THE MARKETS.

Press, Volume LIV, Issue 9812, 23 August 1897, Page 5

THE MARKETS.

Press Association—By Telegraph—Copyright ■'-* London, August 20. The Bank of England reserve is £24,965,000, and the proportion of reserve to liabilities 53.44.

Three months' bills are discounted at If per cent.

Consols 112

New South Wales 4 per cants, 1225; 8$ per cents, 107* ; 8 per cents, 102. Victorian 4 per cents, 114 ; 8$ per cents, 108. South Australian 4 per cents, 114; 8$ per cents, 111. Queensland 4 per cents, 115 ; 8$ per cents, 107$. Tasmanian 8$ per cants, 109. West Australian 8$ per cents, 109; New Zealand 4 per cents, 116$; 8$ per cents, 108$; 3 per cents, 100_-.

The English wheat market shows a general advance of 6d; the Continental is tending upwards, and the American is advancing.

Californian No. 1 milling wheat 87s, Russian cargoes 33s 3d, London quotation for No, 1 hard Duluth 86s 3d.

Colonial oats, fine 26s 3d, common 24s 6d.

Colonial beans 31s 9d.

The Bradford wool market is firm.

Tallow—Mutton, fine 20s ; medium 18s 9d. Beef, fine 19s 3d, medium 18s.

Sugar flat. German 8s 9d, Java 10s 9d.

Iron, 44s 7|d. Silver is quoted at 2s,oJd per oz. New York, August 21.

The reported damage to the spring crops inthe west and north-west caused wild speculation on the Philadelphia and Chicago Exchanges, and sales at over a dollar p9r bushel were recorded. The north-west crop is expected to fall short of last year's crop by 15,000,000 bushels.

Messrs Dalgefcy and Co., Limited, have received the following cable message from their London office, dated 19th inst.:—

" The wheat market is hardening owing to the continued continental demand and reported damage to United States spring wheat. Cargoes of fair average quality Californian wheat are worth 37s 6d per quarter of 4801bs c.i.f."