THE MARKETS.

Press, Volume LIV, Issue 9817, 28 August 1897, Page 7

THE MARKETS.

Press Association—By Telegraph—Copyright. London, August 26. The Bank of England reserve ifl £25,391,000, and the proportion of reserve to liabilities 54.47. Three months' bills are discounted atl 13-16 th. Consols 112£. New South Walea 4 per cents, 122£ J 8* per cents, 107£; 8 ,per centa, 102. Victorian 4 per cents, HSfc; 8£ pee oents, 108. South Australian 8| pear cents (?), 114; 8 per cents, 101. Queensland 4 per cents, 118; 8£ per cents, 108. New Zealand 4 per cents, 116J ; 8$ per cents, 108J; 8 per oents, 100$, Tasmanian Bfc pec cents, 109£. West Australian 3$ pet cents, 109. The English wheat market ie quisfe and inclined to weakness, the Continental has a downward tendency, and the American is changing a little for the better. Californian No. 1 425, Russians 88s, London .luotations for hard Duluth42s. Old Victorian wheat is selling at 42s a quarter. The Bradford wool market is quiet. * Sugar is firm: German 8s 10$ d, Java 10s 9d. Iron, 44a 4£d. Babbits, steady, B£d; prices aro likely to harden. . Pams, August 26. A deputation from the Fwnob Municipalities waited on M. Meline, and asked that the import duties on wheat be suspended in view of the scarcity of supplies. M. Meline 64* ! dined to accede to the request, believing that the rise in wheat was purely of a speculative character. He I 'expressed the hops that the Americana would be caught in their own trap.