LONDON COMMERCIAL.
[press association.] London, October 3. At the wool sales to-day 9000 bales were sold. Leather, best sides, 9£d to lOd. October 4. The bank rate of discount is 5 per cent. New Zealand 4 per cent, inscribed stock has fallen from par to 9S£. The weekly returns of the Bank of England published to-day show the total reserve in notes and bullion to be £10,302,000, and the proportion of reserve to liabilities 33f per ceut., being a decrease of £1,898,000 on the total reserve, and a decrease of 8f per cent, in the proportion of reserve to liabilities. Tallow is quiet; mutton, 28s to 28s 6d ; beef, 27s to 27s 6d. Sugar is flat; German beet, 12s 9d. Skins and hides are in fair demand; ox hides are at 4|d. For kauri gum the market is flat. Wool: The recent advance is maintained for best merino combings and mediums and common scoured crossbreds. Other descriptions show decline as compared with July closing rates. The market is generally weaker. New consols are £98 ss. The market rate of discount has advanced to 4£ per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH18881006.2.39
Bibliographic details
New Zealand Herald, Volume XXV, Issue 9178, 6 October 1888, Page 5
Word Count
186LONDON COMMERCIAL. New Zealand Herald, Volume XXV, Issue 9178, 6 October 1888, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.