LONDON COMMERCIAL.
London, November 14. In English wheat, stocks are heavy, and the market inactive.
Continental wheat is steady, and American depressed. Australian and New Zealand Mortgage Company's 4i per cents, £99.; Dalgetty and Co.'s £b per cents, £111 ; N.Z. Loan and Mercantile Agency's 4 per cent perpetuals, £99. Money is firmer, owing to an expected large demand on the Stock Exchange for settlement purposes. Tallow is advancing, owing to the action of a French syndicate in arranging to buy up stocks. An off-coast Australian cargo of wheat has been sold at from 42s to 42s 6d.
Flour is 30s 6d to 31s. Leather is firm at from 9id to lOd, At country markets the average price of English wheat is 31s lid. The American visible wheat supply is 34,375,000 bushels. The total quantity of wheat and flour afloat for the United Kingdom is •2,488,000 quarters, and for the Continent 596,000 quarters.
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Bibliographic details
New Zealand Herald, Volume XXV, Issue 9213, 16 November 1888, Page 5
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152LONDON COMMERCIAL. New Zealand Herald, Volume XXV, Issue 9213, 16 November 1888, Page 5
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