The Wairarapa Daily. THURSDAY, DECEMBER 28, 1882. THE COMMERCIAL OUTLOOK.

Wairarapa Daily Times, Volume 4, Issue 1264, 28 December 1882, Page 2

The Wairarapa Daily. THURSDAY, DECEMBER 28, 1882. THE COMMERCIAL OUTLOOK.

A fortnight .ago, we pointed out that there were indications in the money market of a hard time coming, Our .contemporary the Evening Post fol lowed, with an Article of a reassuring" 'character, the gist ,of. it, being that the slight existing depression was extremely temporary in its nature,; and < that it wrould speedily yield to good harvests and the industrial dovelopeirieiits which are; now so marked a; feature in New Zealand. Later still the Australasian Insurance and ; Barikirig Review-has published an article on the financial prospects of the colonies in' this quarter of the world, and this publication is necessarily a more reliable and better informed authority than 'bur ; contemporary at Wellington. ~ltiis important; to know what the opinion of the best financial organ'of 'the Australasian' colonies is on recent changes, in the money market, This opinion is given in the" following; significant;words^- ; There io nothing at present 'to indicate wliMi'tfieJime of financial relief will arrive. The position, ofitjie, money market is really more serious than is generally supposed, The' bank-ad-vancespf the Australasian,colonies i_n T . creased from the Ist September, 1881, ■from p¥ the Ist September!lßß3. "In twelve' months there was the abnormaLincrease , of sixteen millions of pounds, equivalent ito'an'. advance .of twehtyjfiye 'per cent! Th'ebanks, not merely of New Zealand, biit of'all the Australian colonies,'have ; launched out beyond their means, and, it follows, as the night succeeds the day, that the period of inflation' must be followed period, of;contraction. In'this.district we have not,, as yet, experienced inny marked; change, The operation of turning the screw usually commences at the larger centres of population,; and extends gradually towards outlying districts. We do not antioipate th'af Masterton.will suffer materially from ih'e.present tightening.'of the money .market.-more particularly .wiil.it escape if it takes in time the warnings which, havebeen uninistatcably•given;' 1 - The danger signal is, however, .as. it .were, up, and ; by ordinary prudence and foresight the peril; beiit small or large, may be avoided. It is impossible,, as the Review atfirmsi"''lo l giiagol : tent, or duration; .of the ;Stringency;iii! ;the; ! jmoney;; market:'; We.'-depend, 'not"only bn :i ImV also on;the;, English money market for tidingoverthe present little'-difficuTty, anil"while it is possibbvtq ;ej;teht ! fa Which we ca'n u heip u mußelyeV determine the: amount of?reiief#hicK' ;meetmgyofj.^reb^ r |the; chairman plainly §y:a|;j;b^ !#rade!p/^^ lntimatedjihat capital would have-to be resorted to. Colonial

lj§jjii.a mmm^ol^oiim^m: 'olwriedV^P;^ yeaivit is \yell to; give facts : like these full consideration; ■ aridi'.to"be.prepared :if-necessa%-tb;Bhorteh"sail^^he-Jbl-i: j ( ly.Wg : ielegt*otn' , . lVaye ,day,-^Tlie,Associatedl-Banks raised the rate-ofinterest ondeposits by-one'per cent;, but the lending rates are. unchanged.", .7--? v: • ■

, Messrs D. "'McGregor and Wr H. BWham who\uridertook the task of; gettiim up a . petition in favor of County have, we are informed, succeeded .in obtaining more thanYth* requisite number.ofsignatures. - The task of aequring. ai third of the names on a County roll toVdocumentaf this oharaoter is: a yery arduous ; one, iso many Betllerß are awayjfromtheirchomef When, called; upon or.are mnving about .from place lo placer-The task-of those ; .who jara opposed to amalgamation and .who 'have undertaken to upset theipetilionnpw in the; hands "of, ilie, Government by a counter one is'-still more arduous.. The: roll upon which they have to work isthinnest down, materially, and it is a very/ open question whether during the months : oft.January,;aiid February, they will be, ableW gleaiTe'nougk signatures lo aco'pmv' il'ilish their'_ipurposV.':,('!l?or the next .two, months ourOourity-'. bodieswwijl be'jnV state of chaos,cnd! it is almost: a toss up whether they emerge from it;to form'one' grand ; county t or a north and south division. We trust the former wiU bsthr! outcome of the prCßdnt ■ interregnum^but it is impossible to-oeiint.with,anyveer-tainty ;| upon it,'fori though.Mr D.-'-Mo-Gbegor has. been moa)jindust'riouß« and '■porsiilent in carrying oufethe work which he undertook,,. Mr, W. -Booth is equally,, pertiimbious arid nerseveringr The County'' roll is; so ; : to deaths, absences, and 'duplication; of names,-that the sigiintu'teibbiainedio'the petition fori amalgamation virtually* represent„ a 1 majority of ■tlie'reßideiit{ratopayers,'andi constitute an expression.; of : opinion; in the distriot iriVitsJavor. It is possible that .the"opponents'of the movement may be-influenced by thia consideration, as;it is toe that they ftiay fairly'be; «uided by, and which it would be lolly! for theiii to altogether ignore. 'iWj'l'feel' very certain of.one.point, and that is'the; signatures foi\amalg>triatioif.will, iniany' case;''exceed 'the number, obtainable: against iti.-'- X, "•, '\- ;

Tenders are invited by thet Wairarapa East County for the lease of the Taueru I Ferry Reaervo for,a period of ten years. The cricket match between members of the Greytown and ..Wellington Working: Men's Olubs, which is to take- place next Monday, in Greytown is exciting a .good deal of jinterestjn, that township. "-.The match ought to prove a good one as there are several well-known '.Wellington cricketers coming up to play; TheT following" are the names of the Greytown :teanj:—llonaldson, Webster, Somerville, Beard, iliichaids, ; Hirschberg, Tocker, Wickersjm, Udy/Maguire, and another. Play commences' at 10 o'clock sharp in Steward's paddock, when there will be sixpence charged for admission, ts help to defray the expenses in connection-with the match.

( .We understand that there is a general '.cdnsensue of opinion amongst those who are wmit to bathe -in the Wainoua that the swimming match, which las) autumn I was so successfully carried out, should be repeated a little : cavlier : before the river, Wewo.uld like to see the promoters of last years, aqueous; competition.got to work nt ou'ce with a programme for a match in January." '"'"''■. The Greytown Rifle Volunteers hold' a meeting jat half-past seven in the Town Hall this evening for the purposed.considering: the advisability of enrolling themselves.:, under the new regulations; All' interested in the ; Volunteers' are invited to attend, and any.porsonß wishing to become. members are particularly requested to be there, or, send in their names. jWe should hot like to hear of this, ; the senior company in the .Wairarapa (the members of which have always'shewn themselves very efficient) disbanding, and hope to be able to report that they still, intend to stick to their colors' with renewed vigor. . ,\; "■/•'' Mr Jno. Young, ironmonger,. of .Cuba;street, announces a /long list of cheap lines for jthe' Christmas;holidays.- These i have to be cleared in order to Lake room for fresh shipments now arriving,.: As an "extra inducement, gifts will bo presented to purchasers in proportion to'the value oftheir purchases The presents include a v Jarge number of valuable pieWriwjn 1 oils, handsomtly framed, embracing a,great .variety of subjects. ■.'"' ,-'. /,./ ' '^;

A meeting of the Loyal MutertoV Lodge, 1.0.0. F., takes .place, "at the Empire Hotel this eyeniiig. .",',- ; ! ,!/': . ; 'i,

The Tenui constable brought' intb'Masterton yesterday si station hand .from the ,Whareania distnct.suffering"from-, mental derangement,;..;!:,! n-.'.::"rsi'. : i'.-..->- l-*<i« ..-'-t-i.- ! Catherine Pluraniorijia woman of ample propoWibii'sfwks'fiiiedW 'drunkennessin the B.M. : C(iurt;iMasi,e ! rfcrin, ; .this moraine; by'His'Wui'shipthe Mayor.' As she had proved,,v,ery'troublesome to, the police'.at the time pi^he'r., arrest-find, subsequent to it, a ue.iialfy of twenty ahil-; Hngß Was Mioted,,...''■■.;,,■.;; .',;,;..1,; ~;■,■,!;!;.,. '' '' Sir Juliua'Vooei nrtivedlrf Weliingt'dii' yetferdayj and is staying at the Ocoidentai Hotel. 1 ';■;,;'•;:; .'•;".';'"'!. ..:?■' ; • The concert held laat 'evening at'MenwBraithwaite and Acock's.woolshed, Waihakeke, was a great succesl l 'The room, which was kindly lent for<tlia becasibn by the above; firm,,was beautifully decorated with evergreens and.; ? flofferSj,and was filled by a very/ large iiudiGnoa,' 'gathered from all parts of the district, /The visitors speak' iii |high., terms, 'of the' kindness and ■ hospitality of' Mr arid: Mrs,''Braithwaite, to whose exertions: is'.'mainly ;due the..< ! gncqeaß- iV .,Qfj-.;the " : j affair.' Sonus _ were' contribuJed : j;by. ; 'Mrs' and; Miss Brail luvaite, Miss Armstrong, Miss Steady, and Messrs Blaok>'(Grey< town), Ra'pp (Masterton), Wilson, Snod.grass, E. R.-Armstroiis; (Carterton), and 'others. Several j>lees 'were'rendered 'in guild style, and a.mnst enjoyable evening, spent. The proceeds.'arei to ;form; : the nucleusofaclnirch.huilding.fund,;.. ..'.

}\ r a have: iii '■''Masterton-; one. or more 'amateur- burglars, who are; coritihuillj .engaged.iri atteiuplßi'to laebiive- plunder. Last night;there was an. effort made, to break The brass 'padlock': which secures' the back door was wrenched with an iron har, aid' a further Examination reyealejd the-.fact that the back'winddws'had been tampered :with;. ■; Fortuijatelytthe,vjookl;andCboltß! Pj| top,staunoh for ithej; 'attemptedithein.s:;;J;i;^'|4vC^

Distribution commencea to-motrow at Bipp {mtH - r pareha'Berof<go6dß;toiihfe^^^^^ ;bevaflb\yed;to!p!w<>ftK^ Bopfg'andiSliidi^lton^

: #iP®lp|W«ely , s;trfi ; whptrplHe^ 'jhe^tjlejqf'Nej^tftwn;-and oaused" the ; MayorofSoarbftrough to be'well tossed in; »blanket;in tbe.marketVplabefor making Sir Girriet Wolieley was ybririg he was a enod deal of a fop in Dublin,'as was the DuEof Wellington i«Thi^ypUtK^jand-he : used to drivea drag with hisbrotlieti inlbDyce'a: repository, ; now; the;; family' seat, near Diiblin; .He then wore long curls. Time has worked much'; ohange.7 - He, ii: now ipare lantam-jllwe'd.'with ahorl; grey hair, and a blond* rnogstache. In the; Geld he wears*yellow suri-heimet, wound aboutwitlu handkerohfef of eheokjihisred coat is open at; spotted with . many stains of grease; ho had a varigated oravat,;a'woo|len sliirt'of a, loud-pattern', 1 ' 1 grey-cheoked trousers, yellow riding-boots . and spurs; an opera glass yellow case and skp, and; yellow rayolvef-belt with cart.. ( ridge-case; yellow gauntlets, a. violet' j pooket-haridkorohief stuck in hii red coat]; a glKantiopair of dark blue specUoles,' and ; in'his hand ha flourishes a fan to.keep off. thefliu, *■•'■.; V _\::'v^^'?'!"■

, The annual distribution of Christmas Gifts j ft-. nowhtaWng place at Te ArovHouse;and witt,, continue tfirotjKhbut .thej month of; December. We have provided' ia • large. aisoftment of really artistic objonib.pMures : will be presented .to every purchaser* of 5s worth and upwards. Gfeftt'.oiro has! been takeJtito provide such only aslhall be wortbly of acceptance by all who may pay -av visit House., The Bub]ectß;of these' .chromes-are ;many and va«ied, comprising 'landscapes^seascapes,, copies of Laiidaeer's mast favourite.and popular works; and will! $ .exceedingly attrfictive to' : visitors; and' purohaien »f Te'lrb fion». ; The made in which it has been determined ;to issue those gifts is of a radst;iiberal character.'iiid will; dnring the^merrv ( ChHstm&i£;season, ; be if sijurce of gratification!to,the,numerouß ous-' r ;tpniers of James amith', Te Aro'HouW, Cubastreet, Wellington.- Advt. >V yT, / -f^'■■;;'-■;/- ;•'-"• xvi