ENGLISH AND FOREIGN CABLE.

Timaru Herald, Volume XLII, Issue 3412, 3 September 1885, Page 2

ENGLISH AND FOREIGN CABLE.

(Per Elkctrio Telegraph— Copyright.) (Reuter's Agency.) IHoccived 3 p.m., Sept. 2nd.) London. Sept. 1. Tlio moils ex Orient R.M.S. Iberia wero delivered to-day, ria Naples. [Recoived 9 p.m., Sept. 2nd. J Consols aro at 100], an advance of }. Now Zeoland securities — 5 per cent 10-40 loan, 100 ; 41 per cent 1879 1904 loan, 103 j 4 per cent inscribed atock, 100. Tho markot rate of discount is 11, and tho Bank rate 2 per cenl. Colonial breadstuff's uro unaltered. Australian tallow — Fair average qu-ility beef, 27s per cwt ; mutton, 295. Tlm atock of tallow m London is 19,500 casks. Wool — The fourth series of colonial wool auctions this year opened to-day. Thore Was but a small attendance of foreign buyers. 11,900 bales wore catalogued. Tho tono of tlio markot was flat. Australian merinos ruled about ono penny lower than last sales, and crossbreds were generally rather weaker. (Special to the Press Association.) (Recoivod !) p.m., Sept. 2nd.) Lonuom, Sept. 1. Tlio wool solos opened to-day. Mossrs Belino and Son's, and Jacob and Co.'s joint cataloguo comprised 12,000 bnlos, upwards of half of which wero from New Zealand and the Capo. Tho attendance of Home buyers waa good, but that of foreign rather thin, and bidding was re- ( served, Meriuos are a half-penny to a

penny below last closing rates, and crossbreds are weak. Tho total Now Zealand bales available is 240,000.