The Markets.

Daily Telegraph (Napier), Issue 5400, 13 December 1888, Page 3

The Markets.

[VUL PEE 33 ASSOCIATION. —COPYBIOHT.]

London, December 12

Tho English wheat market is steady. | The Continental market is inactive. The American market is unchanged. The average price for English wheat at the country markets is 31s (sd. The American vitfiblooupply of wheat in ;!O,tJ'2o, 000 bushels. Thy total quantity of wheat aud flour afloat for the United" Kingdom is 2,396,000 quarters, and for Continent 621,000 quarters. Money is advancing continuously, owing to tho requirements for -toek Exchange settlements. Intheopenmarketthrcemouths' bills are, quoted at 4* per cent. Many borrowers are compelled to resort to tho Banks. The present quotation for short dated loans is 0 per cent. The nisrket for colonial stock is dull o«!ng to tue inuioa*ing , v«tiito >/f money. Australian and Now Zealand Mortgage Company's \ \ per cent, debentures are quoted at 100. New Consols 'Mi. An Australian off coast cargo of wheat has been sold at from 40s to 40s 6d ; Australian flour. 29s Ud to 30s. Tin. £100. Copper, Chili bare, £88 ss. Leather, 0d to Old Sydney, This day. Maize, 4s to -Is 2s: oats, bright, heavy milling Jβ to 4s 6d; bran, Is 3d to Is 3jd; pollard, to Iβ Id ; wheat, cbiok 4s 3d to 4s lid, milling 4s lOd ; market quiet and easy ; lucerne huy, £5 to Jt's 10s; oaten bay, £7 to £0 ; nil hay chaff, £7 to £9 10s: straw chaff, £5 as to £5 10s; onions, £11 to £11 10s; butter, locally made Is 3<l to Is 6d, best imported Is to Is (3d, market quiet, prices deolinmg; cheese, supply increasing 8d to B|d. Tho titnber market is dull. Atan auction of a cargo ex barque Syren, from Auckland, the following prices were realised: —Twenty thoiwind foot of six inches by seven-eighths of an inch, tongued and grooved and dressed kauri, lbs per hundred; fout inches by one jncb and a-haif, tongued and grooved, IDs 3d pel , hundred. . Melbouune, rhis day. Oid wlutut 4s od, new 4s 7d ; flour, stone made £10 10s, for roller made £11 15s is refused ; New Zealand oats, is Sd; English barley .is Id, Capo barley 3« H.d, malting barley os Sd ; maize, is 3d to 4s sd; bran, Is 3d ; Mauritius sugar, £20. Adklaide, Thie day. Wheat, dull und declining, farmers' lots new wheat is 9d at Port Adelaide, 4s Sd at outports; Hour, stono made £11, roller made £12 : bran, Iβ 4/.d to Is 5d ; pollard, Is 3id ; New Zealand oats, 4s Sd ; malting barley, 5s 3d to os (id; in sugars. yeJlowK £19 10s to £21 10s, Queensland rations range from £l(i 10s to £18.