THE MARKETS.

Press, Volume LV, Issue 9989, 19 March 1898, Page 7

THE MARKETS.

United Press Association—By Electric Telegraph— Copyright Received March 18th, 9.10 a.m. London, Maroh 17. At the weekly auctions of Australasian tallow 1175 casks were offered, of which 775 were sold. Fine mutton brought 22s 9d, medium 20s 6d. Fine beef 21s, medium 20s. Silver is quoted at 2s l£d per oz. Beoeived March 18th, 10.30 p.m. The Bank of England reserve ia. £23,717,000, the proportion of resefVfi to liabilities being 42.84. Three months' bills are discounted at 8£ per cent. , Gonsolaslllf. j New South "Wales' 4 per cents, 119 ; 3£ do., 105; 8 do., 961. Victorian 4 per cents, 110£; 3£ do, 104. South Australian B_> per cents, 110; 8 d 0.,59. Queensland, 4 per cent-, 110 ; 8£ do., 104£. New _se__ahd 4 per oents, 115; 8f do., -06f; 8 do., 99£. Tasmania? Bfc per oen__, 108 J. west Australian s| per cents, 107. s - The English wheat market is quiet but steady, the Continental is and the American changing a littleJEor the worse. Oalifornian No. 1 milling 85s 6d, Russian cargoes 87s 6d» London quotation for hardDulutb 425. Sugar is steady. Java, lis; German, 9s. Iron, 46s did. The Bradford wool market is 13eless. , . Butter is dull, and the market ia weaker. Colonial, 100s to 10-0;.; Danish, 106s to 108s. Rabbits are hardening at lOd. At the wool sales competition is spirited, all classes are extremely - firm. Merinos have an upward tendency. The National Mortgage and Agency Company of New Zealand, Limited, have received the following cablegram from their London of_.ce:— y " Crossbred wool, finest grades, and merino wool all descriptions, show an advance of 5 per cent, on last sale's closing rates. Crossbred wool, all descriptions except the finest grades, weak at average rates of last sale." Messrs Dalgety and Co., LhrntaSk, have received the following cable messages from their London office under date 16th ins,t.:-~ . " Since our last telegram prices of tallow in general are unchanged. There is a brisk demand without a quotable change in values." *' Since our last telegram the wool sales continue firm and active, wi__ brisk competition. For the bulk of scoured merino wools prices are, on the average, 5 per cent, to 8 per cent, higher than closing rates of last series. For greasy merino fleece prices are irregular, but mostly 5 par cent, higher; For greasy merino feroxen 5 fleece and pieces, prices are 5 percent, to 8 per ceni; higher ; for the bulk of fine crossbred wools, .prices are im a par with dosing rates of last series; . and for the bulk of coarse crossbred wools, prices are, on the average, 5 per cent, lower than the olos_og '___« of the last series."