COMMERCIAL.

Wairarapa Daily Times, Volume VII, Issue 2070, 17 August 1885, Page 2

COMMERCIAL.

> Messrs Charles Powsall ami Co,, Mortgage Agents, Wellington, report I The transactions of the last month have been limited locally to .u'TfeV . operations'-ranging from LI,OOO to Lio,ooo;.and which (the securities offered being , 'sufficient) wero readily negotiated at from 6 to 7 per cent., these rates the current value' of money.' The amount of capital Offering continues sufficient to meet,present demand, but the usual outside supply is'decidedly more contracted, and-we do not ldokj therefore, for any further reduction,uponjpres*ent quotations, Proposals for direct mortgage loans from, Beveral of ouriarge landed proprietors have now been for-' warded to the Mother Country, some of them riin'ning into extensive figures, ilaced in tho hands of highly influential parties, we. have little doubt satisfactory results will be obtained, So great is the amount of unemployed capital in England, that money is now offering on mort-. gage at 2J per cent., and as we are able to submit the liighoat class of securities obtainable, and offer much bettor terms, the opportunity is not likely to be overlooked, and will, no doubt, lead to further very large applications,

' SHAKE REPORT, Messrs Arthur "Warburton & Co. report for the week: —Salks —Colonial Bank, 41s Oil'; Gear Heat (80s paid) par; N.Z., Shipping (120 a paid) 60s cum div; Northern Land and Loan (100s paid) 60s, Gold SharesGolden Crown . (Terawhiti) 9d and Is, Quotations: Banks—N.Z., £2l 12s 6d; Colonial,' 41s Gd, Insurance—N.Z,, 76s 6d; South British, 525; National, 20s fid; Union', 245; Standard, 13s; Colonial, 6s Gd; Equitable, Is 3d;.N,Z, Accident, 4s3d; Accident Association, 2s. Miscellaneous—Loan and Mercantile, fo 2b 6d;. Land Mortgage, 255; N.Z, Shippingi 60s cum div; Union Steam, £l2; Mosgiel woollen,- 83s fid; Kaiapoi, £25 15s; N.Z, Drug, 18a 6d; Napier Gas, £l2 10s; ATanganui Ga9- £1210s; "Westpott; Coal, 16a fid . (call paid); Wellington Trust and Loan, £6 Is; Equitable Building £6,25; Wellington Gas, buyers, £lB and £0 ; Manawatu Railway,/ 15s; Gear Meat, par. Gold Shares-Golden Crown (Terawhiti) buyers, Is 3d; (Thames) Cambria, 265; Ivanhoe, 7s Gd; Crown,-5s fid, with a fast rising market.