Commercial.

Tuapeka Times, Volume VI, Issue 303, 12 November 1873, Page 2

Commercial.

Mb. G-borge Walkke, Boss Place, Lawrence, gives the following as the latest quotations in Tuapeka : — Oats — From 4s 6d to 4s 8d per bushel wholesale ; 5s retail. Chaff— £s 10s per ton wholesale; £6 retail. Hay — £5 10s per ton. Bran — £5 10s. per ton wholesale ; £6 10s retail. Mr Archibald Moir, Manse-street, reports the following as the latest quotations j — Flour— £l2 10s to £13 per ton, Oatmeal — £23 per ton. Pearl Barley — £30 jjer ton r Bran — £5 per ton. Pollard— £s per ton. Ghaff— £4 per ton, Hay — £T per ton. Potatoes— £2 los per ton. Carrots — £4 per ton. Turnips — Jt2 p"er ton. Wheat — ss. to ss. 4d. per bushel, Barley — 4s. 6d. to 7s. per busheL Oats— 4s. to 4s. 6d. per bushel. Butter— 7d. to Bd. per lb. Cheese— 9l,- per Ib. Bacon and hams — 9d. per lb. Injregard to the M oney Market the opinions expressed in our August number as to the probability or a riße in th,e rates have already been fully justified. The various banking establishments are now charging 8 per cent, interest upon over-drafts, and this rate is likely to continue for some time. We believe this will have a beneficial effect in steadying the market and checking undue speculation by parties trading entirely ujwn borrowed money, without interfering with the legitimate investment of money by bonafide investors. The bmount of capital lying idle for investment we have all along Relieved to be comparatively sina'l, and a more healthy description of business will be the result of the altered rates. • Interest on mor gages has not yet ris&n appreciably, the large sums at the disposal of certain. Loan Institutions and available for securities of a certain class only, operating to keep the fate down. Parties contemplating large loans, however, will do well to take advantage of the present sta'e of the market. — Gillies and Street Monthly Lisc.