COMMERCIAL.

Marlborough Daily Times, Volume VIII, Issue 2049, 3 January 1887, Page 2

COMMERCIAL.

THE MONEY MARKET. Wellington. Dec. 36. Messr? Charles Pownnll and Co. mortgage agents, Wellington, report that th money market for the last two months has rein lined completely stagnant, and no transactions in mortgage investments of the slightest importance have been negotiated, owing to the simple fact that the bauks, from the high rates offering for deposit, hove engrossed all the spare capital which would have born otherwise employed. Soma trust money, for which per ceut. lias beeD demanded and a • cepted on high-claas town securities, has been placed, limited, however, to very moderate amounts while landed estates of the very best description remain completely isolated, much to their detriment. I robably the new year, with full bank coffers, may bring the desired relief, bu< at present the banks are complete masters of the situation. That the wool market at Home, in the absence of foreign buvers, has falPn into the bands of the old syndicate, who control prices, is very obvious, hut the great confidence displayed In Australian purchases, ami the limited supply of the raw materia l , will certainly act as a stringent check upon any true deo'me in value, and we fully expect not only to find a recovery, but an inci ease upon full rates last realised. CANTERBURY GRAIN AND PRO DUOE REPORT. Christchurch, Dec 29. Christmas festtvi ics have militated against the transaction of business of any importance during the last few days, and no improvement need be looked for until after the New Year’s holiday? arc over. The quotations we give on Wednesday last arc without alteration in all lines of produce. Recent advices from Sydney and Brisbane report a further fall in dairy produce, and serious anxiety is entertained here as to what is to be done with our rapidly accumulating siocks. Producers are looking for relief towards the London market, as this seems to be the only present outlet. The weather continues warm and dry. and rain is again badly wanted. The following are the quotations of the day :—Wheat—P,arl and Tuscan, 4s 5d to 4s fid ; Hunter’s, 4s 4d to 4b s>l ; Inferior milling, 4s 2d to 4s 5d ; fowl wheat. 3s 9d to 3s lid, Oats —Milling, 2s Id ; stout short feed, Is lOd to 2s|; inferior grades, Is 7cl to Is 9d. Barley—Malting, nominal; feed, 2s 3d to 2s 5d ; bran, L 4 3s to L 4 10s ; pollard. L4ssto LI 10s ; straw—wheat chaff, L2 15s : oat chaff, L 3 10s; hay, L 5 ; flour, LlO 10s toLU , oatmeal, Lit 10s to Ll2 ; pearl barley, Ll 5 , po'atoes, nominal ; butter, 4d to 5d ; cheese—old, skl ; new, 4d to 5d ; hams and bacon, in c’oth, 6?jd to 7d. The above quotations arc f.o.b. at Lyttelton. , THE LONDON MARKET. (REUTER'S TELEGRAMS). London, Dec 29. Colonial broadstuffs have advanced by Od to Is. Adelaide whoat, ox Store, is now selling at 39- 1 , and New Zoalilnd do at 33s to 37s od, according to quality ; Adelaide Hour is quoted at 27s fid ; VAustraliai tallow is unchanged ; beef, iverage quality, 2ls fid; mutton do, 29sC \ THE WELLINGTON MARKET; Wellington, Dec. 29. Messrs Laery and Campbell report sales as follows ; —New potatoes are steady at os 4d round, fiskiilnoys j onions, slow at l-jd per lb for the new vegetable. Horse and chicken feed is without alteration, The new hay and oliaff is coming in freely, and we shad be in a position to quote market prices after to day’s sale. WELLINGTON STOCK MARKET Wellington, Thursday. Messrs Freeman R. .Jackson and Co., Johnsonville, report as follows Stock was yarded yesterday in usual numbers. Beef was of medium to good quality, and made 15s per 1001 b for the former and 13e for the latter. Sheep were of good quality throughout, and there was a alight improvement in values, say from 0d to 9d per head. Lambs were wed competed for, and sold at full rates. Piga were dul.of sale and realised, lower price?. Cattle—Best bullocks L 6 10s to L 7 10?, avenging L 6 13s Gd, medium small bullocks averaging L 5 12s fid ; cows L 4 7* fid to L 4 15s, averaging L 4 10s. SheepBest wethers 9s Id to 0s gtuajlop ones Ss to 8s 10d -, ewes 8s Id to 8s 9d ; lamb?, in wool, 8s to 8s 31 , shorn 6s 3d to 7s 3d- Pigs—Small store piga 6s 9d to 8s 3.1 ; larger sorts 8s 9d to 11s ; harrow pigs 10s to 325. No fat pigs came forward,