LONDON COMMERCIAL.
(.PRESS ASSOCIATION.] London, August 30. Tin is quoted at £95 per ton. The weekly returns of the Bank of England show the total reserve in notes and bullion to be £12,629,000, an advance of £1,118,000. The proportion of the reserve to liabilities is 44£. London, August 31. The copper market is demoralised, and the syndicate offers to sell at £78 10s. The tin market is excited in consequence of the enormous deliveries. London, September 1. Straits tin is quoted at £98 per ton, and Australian at £110 ss. Chili copper is quoted at £89 per ton. It is rumoured that a copper syndicate have arranged to give the owners of the Reading mines a higher price for the metal if they will agree to diminish the output for five years. Rabbit skins show a decline of 2d to 3d. A general advance in freights to colonial ports is expected. An increase of 5s per ton has already been made on steamers to New Zealand.
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Bibliographic details
New Zealand Herald, Volume XXV, Issue 9149, 3 September 1888, Page 3
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166LONDON COMMERCIAL. New Zealand Herald, Volume XXV, Issue 9149, 3 September 1888, Page 3
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