COMMERCIAL TELEGRAMS.
London, April 5
Tbe weakness of the English wheat market continues, and the price has declined 6d.
April 6. " The wheat market has a downward tendency. The American visible wheat supply v estimated at 53,940,000 bushel?.
The market for mutton is very firm. New ZsaUnd first quality, 3gl; second quality, 3d. Silver, 2a 4 5-163.
London, April 7. Tbe total quantity of wheat ;iud Hour iilloat for the United Kingdom is 1,7.5'},0'J0 quitters, and for the Continent 570,000 quarreia.
T,tllow : Mil ton— fine, £0i : medium, ISs 611. Beef— tine, ]8< 01 ; medium, 17s M. Snare quotations : National Bank of New Zialaud, ]jj ; B ink of New Zealand 4 per cent, guaranteed stock, 101; New Zealand Loan and Mercantile A^eucj' Company 4 per cent, prior lien debenture*, 91.
Loxdon, April 8. Tbe B \nk of England reserve is 127,580,000. the proportion o[ reserve to liabilities being 52 32.
Three months' bills are discounted at 1 per csnt. Consols, 112^ New South Wales 4 per cant, stock, 122 ; 3£ per cent., 107| ; 3 per cent., 101|.
Victorian 4 per cent, stock, 113; 3& per cent., ,107.
South Australian 4 psr cent. Btock, 112£; 3£ per cent., 113.
Queensland 4 per cent, stock, 114 ; 34 per cent., 10(5$ Taemiuuan 3J per cent stock, 108$. Western Australian 3£ per c-nt. stock, ex interest, 109^.
New Zealand iper cp.nt. stock (exintereat), 113£ ; 3£ per cant., 106JJ ; 3 per cent., 100. Hempitj unchanged.
Mutton: First quality, 3^-3 ; second, 3d
The English wheat market is quiet, and inclined to weakness. Tbe Continental ia declining and weak. Tue American is declining contintiouslr. liissia, wOs. London quotation : No 1. hard Dulutb, 33 •; 4^.
Sagar quiet, German beet, 8s 10£ d ; Java, 11s. Pig iron, 44^7^. The Bradford wool market is depressed. The bank rate of discount is 2£ per cent.
April 9. Australian butter is steady and rates are ucchanped. Babbits are quoted firm at 9£i. Silver is quoted at 2s il-liii". *
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Bibliographic details
Otago Witness, Issue 2250, 15 April 1897, Page 14
Word Count
325COMMERCIAL TELEGRAMS. Otago Witness, Issue 2250, 15 April 1897, Page 14
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