LONDON—MARCH 16,

Taranaki Herald, Volume XLII, Issue 9651, 18 March 1893, Page 4

LONDON—MARCH 16,

Money SEODKiTiiiS.— 3 per cent. Consols now at 98, steady. 2£ per cent. Consols 96t New Zealand securities are quoted aa "follows: — 5 per cent. 1040 loan, 103 jd; 4 per cent. 1879-1904 loid, 107 ; 3£d per cent inscribed stock, 97. Market rate of discount is 1$ per cent, ;and bank rate of discount is now 4 per cent. Total reserve in the Bank of England in notes and bullion is now £18,926,000 being an increase of £614,000 on previous week. Proportion of reserve to liabilities is 51 - 82 per cent., being aa increase on last week of 176 per cent.

Br(EA.D&TO»pa. — Wheat market: Australian store, 32s 3d to 33s per 4961 b (quiot) ; N.Z. lorn* beniod whoat ex warohoute; 29a per 4901 b. I ALLOW. — Tallow quotations : Bosf , best, 3ls ; me lium mutton, 335.

Leather. — Best miles Australian leather B£d per lb. ; hides are realising from 3a to 33d. Flax.— l he market is steady, the last quotation £25 ss, BoaTER — Factory mide butter by t 1 c Tongariro is realising To4s to 108s. Danish bitter is bringing 116s. There is a steady demand for f,.ctory-made butter. It is espfced prices for iucoming shipments will be reiuced.

Frozen Meat.— Last quotations are : New Zealand frozen mutton, Canterbury 4 Jd and Wellington, •ii ; frozen beef, hind quarters, 4d ; fore quarUrs, 3&d per lb. 1 mb, 7{d.

Wodl. — There s considerable activity in the wool market, nn 1 since the close ot the List aales 40)0 b.lta have been tiispotc 1 if piivately. Pxi-e8 are slightly firmer ih«D the c'o ing rates Arrivals up to date total 220,000 biles, of whi:h 70,0-0 bales have been forwarded direct to the mtnnfacturiog districts.