LONDON COMMERCIAL.
[press association.]
London, March 29. The money market is active. The bank rate of discount remains at 2 per cent., and the market rate at l|per cent. The sugar market is flat ; German beetroot is quoted at 14s. Mutton tallow is quoted at from 25s to 265; beef, 23s 6d to 245. The number of casks in stock is 6000.
Australian tin is 5s less, and is now at £166. The copper stock is 153,000 tons.
There is a good demand for hides at 4§d to 4kl. The quotations for galvanised iron are unchanged. The weekly returns of the Bank of England, published to-day, show the total reserve in notes and bullion to be £15,140,000, being a decrease of £1,360,000 as compared with that of last week. The proportion of reserve to liabilities is 37 per cent. A cargo of Australian wheat on the passage has been sold at 32s 6d.
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New Zealand Herald, Volume XXV, Issue 9016, 31 March 1888, Page 5
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153LONDON COMMERCIAL. New Zealand Herald, Volume XXV, Issue 9016, 31 March 1888, Page 5
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