NOTES FROM THE CITY.

Feilding Star, Volume IV, Issue 1106, 10 February 1910, Page 4

NOTES FROM THE CITY.

The intention of the banks to reduce the interest on fixed deposits by i per cent., and subsequently to reduce the lending rates, does not come as a surprise to those who have watched the money market for the past six months. There is now plenty of comparatively cheap money available or investment in certain' directions. Complaints continue to be made however, of the continuance of the financial stringency which certainly characterised the opening of 1909 and was pretty general. But tlio position JUKI it hardest to get money who have not suitable security to offer lor loans. Urn fact has to bo taken into account when considering the attitude of the banks witk .respect to advances on ieal estate. There is also plenty of money available for bona fide commercial purposes, and the banks are prepared, it is understood, to t£ vance freely upon the right class of landed security; but it does not aptff tif T Ul t y m the form of land that is not of , a revernie-produciim-description will receive a coi-dial wef-

Kecent sales of city and suburban properties go to show that, altEh prices are certainly Wer than they were a couple of years or less ago Ss :^s traordinary h^™ bewail St +*f ° f the h ' On market Call fej« i"I *i aken , as an indication of Butash trade then, the disturbance i ? . - tl,fn" eral electl -°£ s "WithstandSfme arG ra P ldl y improving at

Wool.-The cabled reports of the Idves 0U fr Uary ? a h Wk for ihS! HiUpii withdrawn. !\» X? la " r1 !'" be « 'one » V'«'<Ml.V bettor >»t the clearing o ! f M m * er } evds > thought irould hi +l,i glter thajl was -^^i^- S^^shippers have come to ?n T^ 5 that ' the mi upon as rates w! 1 i g t* the old j point I, t i reached a S ftin is »■ m«ot iwinc, but m any case a slight imJ? 1 ?'"? acceptable. l-o+ rr .? rodu «e—The butter marKet continues bright-"escited" is the description by the High Commissioner. The prices are considered to be altogether too hard to last, and may come down with a run any day Factories that have consigned wili have done well. The supply at this end is keeping un well in regard to both quantity anH quality. The end of the season is now in sight, and it should be found , that some splendid totals have been made so far as values ■ana quantities are concerned. There is a very healthy tone about the cheese market, due, it is believed, to Canadian short supply. Sales of southern factory outputs-shipments lsSJ° tH>T d of been effected at 5Jd on the trucks The reported sales .are Edendale and Mato Island sid; Royal .Bush and Wnght's Bush, 5 7-16 d; Wyndham and Puturau, The market is and there is every likelihood of being a most satisfactory OBo\jH througli, much more so, indeed, thSifi was expected sis weeke a&>, Tvhen stome .outputs were obtainable at sd, f\<Kl>.—Post.