Commercial.

Manawatu Times, Volume X, Issue 1189, 1 March 1884, Page 2

Commercial.

Reuter's Telegrams. London, Feb 26. At foray's wool sale the catalogue comprised 10,000 bales. A fair demand was experienced. Feb 27. At the wool auction to*day 6800 balei were oiFered. The bidding was steady but without active demand. Consols remain at lOlf, and New ZealanJ securities at last quotations. a deluide wheat, ex store, remains at 445, and New Zealand ditto at 36s to 42*. Adelaide fljiir, ex store, 30* Scotch pig-iron has fallen la^per tonNo. 1 fo.b. m. Clyde V now at 455. Gralranised lron^ Gospel Oak packed mcases : f.o.b. m London, remaiai at Xflo 10s> Wellington, Friday. Fencing wir c is m moderate demand Ll3 1O S , for No , ; and Ll t for No 8 ; So»7 and 8 are low m stock, and likely to become very scarce ; barbed wir. hi had moderate sale atL4l toL42- wl hear of a parcel being offered at 39* but this requires .to be confirmed w!r* nails are fully stocked, aud quoted M LlB 10i for assorted parcel*. Sheet lead is du.s l of sale, and quoted at LlB 10s Galvanised iron (corrugate 1) has bad tau business, and we quote for W»lt»r'--8 Grown L2l 15s to L 22 ss. Coonial Produce-Flour of good quality is io "h <Lll toLUSs; wheat (whole grain) rather scarce at 3s to 3s 3dy Wr, Jr£ ley, 2, 6d to 2s 9 1 • maize, 3, Id to £ 9d ; oataieaK Ll2 10s to Ll3 : potatoe. G3 10, to L 4; oa^thenewoiUarSSw inland prices have ruled from 2s 6d to 2s 7d. for prime short samples y cheese is a drug m the market; prime salt butter is quoted at 7d to 7d4d. ■> ■ " Messrs Chas. PownaU and Co scriveners, report :— The morey market m the interval of the last mon'h hat decidedly hardened Bates of interest may still carry a quotation of 7i to 8 per cent, but the higher : figure ir now more generally demanded. The pungent cause for the existing stringency is, that the rate or exchange it unusually high, and that, combined with the certain ' increase m the property tax m this country, leaves at present value too fiueamargiu for the mortgage investment of English capital. Further, the^ demand, prin ipally to pay off bankl overdrafts, has largely increased, an*) ia r this respect considerable business has, been negotiated. The supplj of capital, however, is barely adequate to meet this demand, and present rates are, therefore, more likely to increase than give way. Australian quotations being equally firm, no remittances from that source can be expected. The price of wool being lower than known Or many year*, likewise causes a serious deficiency to these. colonies, and the general outcome, therefore, holds out little proba* bihty to the speedy return of that supply of cheap money, we were able to induce so few to take advantage of. Per Press Association. Chris tchu-cb, Feb. 28. The only changes to report m pricei are— Eetail, eggs, Is 6d a dozen ; wholesale, cheese, 3£d to 4|d ;' oats, milling (new), 2s ; wheat, milling, sound (new). 3s 3d to3s6d. V