WELLINGTON.

Hawera & Normanby Star, Volume I, Issue 38, 21 August 1880, Page 2

WELLINGTON.

(From the Monthly Price Current.) Money Market.—The supply of money -continues to increase, and, in the present inactive and even BVa»£isb conditiou of the ■ Toody mercantile, there is more than can be healthily absorbed. It is difficult to place money in large sums and on first-class mortgage securities at 8 to 8£ per cent., though we do not yet hear of a-lower rate than 8 having been accepted in this market. For small suras, 9 to 10 per cent, is procurable; but the demand is limited. The rates of interest on deposits have been again reduced by the banks, and stand now at 3, 4, and 5 per cent, for deposits for three, six, and twelve months respectively, i Flour and Grain.—Flour has shown a hardening tendency in consequence of the j extensive shipments of wheat from southern ports, having, it is believed, exhausted our surplus production and left us with barely sufficient for our own requirements before the next season's grain is available. We quote Adelaide flour, £14 to -£1410s, and Now Zealand ilour, jeil to £1110s. A considerable trade in shipment coastwise is being done at JEII 8s 6d f.o.b. Oats, also, are more firmly held. Good potato oats are readily purchased for oatmeal purposes, at 2b to 2s 3d, and ordinary taitarian feed oats are worth Is 9d to 2s per "bushel. Chick ■wheat is in full supply at 2s (3d to 3s. Maize is in plentifnl supply, and worth 3b 6d to 3s 9d per bushel. Pollard and bran are in full supply and slack demand at £5 to £o 5s for the former, and £3 to £3 5s for the latter. Oatmeal, in fair demand, at £10 15s to £11 per ton. Provisions. — Colonial (New Zealand) hams and bacon are well supplied, and prices continue as quoted last mouth, lOd; foe haaxy aad Sd fov fo&ccm. Sydney hams and bacon are in supply at Bid all round. Cheese is plentiful at 5Jd to 6d per lb. Salt butter in no demand at 7d to Bd. Potatoes are firmor at 55s to 60s per ton.