LONDON COMMERCIAL.
London, August 9. The frozen meat holders now demand higher rates. New Zealand mutton is quoted at sd, lamb at 7|d ; Sydney mutton 4kl, beef 3d per lb tor forequarters and 4id per lb for hind quarters. The weekly returns of the Bank of England shows that the reserve in notes and coin is £11,578,000. _ The percentage of reserve to liabilities is 3G£. The bank rate of discount is now quoted at 3 per cent. Consols are and active. New Zealand 4 per cent, is 106 A, and active. In the sugarmarket, the German cash price is 19s per cwt, Java 21s. The market is quiet. The quantity of wheat and flour afloat for the United Kingdom is estimated at about 2,300,000 quarters, and for the Continent of Europe about 232,000 quarters. The quantity of wheat afloat (American visible supply) is estimated at 12,625,000 bushels. Australian wheat, ex warehouse, is 39s Gd ; New Zealand wheat, longberried, ex store, 395. The market is quiet.
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Bibliographic details
New Zealand Herald, Volume XXVI, Issue 9445, 16 August 1889, Page 5
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165LONDON COMMERCIAL. New Zealand Herald, Volume XXVI, Issue 9445, 16 August 1889, Page 5
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