COMMERCIAL Waikato Times Office, Monday.

Waikato Times, Volume XXII, Issue 1873, 8 July 1884, Page 2

COMMERCIAL Waikato Times Office, Monday.

HAMILTON MARKETS. Mb Knox reports: --Business through tha 'week was fairly brisk. The Whatawhata Hotel and freehold realised £245; the Hamilton East property was possed. ,'On 'Saturday the sale was well attended andfair prices were realised for P. Connells stock. The sale will bo continued next Saturday.

LABOUR. REPORT. R. M. Heighton and Co., New Zealand • Labour and Registry Exchange, 177, QueenBtreet, Auckland, report :— The labour ■ market has had a dull tendency during the last week, Men servants are plentiful especially farm labourer 1 ?, as also farm youths and milkers. We have an over supply of general hands registered on our books as follows : — Grooms, and gardeners, cooks, waiters, storemen, married couples, tradesmen's assistants, clerics, youths and -'boys, etc. Employers would do well to aVail themselves of the opportunity of ob- - taining labour of which we can supply at moderate wages. Women servants aro not quite so scarce , although there is still a great demand for good general servants ; housekeepers, governesses, needlewomen, are open for engagement.

AUCKLAND MONEY SrAItKET. Mk J. R. Ranokuson reports under date, July 1st :— There is little, if any, change to note for the month under i*eview ; the rate of eight per cent, is still fully maintained, and considerable sums have been readily invested at this rate. Lenders (many of them) are holding back for nine per cent., which rate has been paid, though it is not freely given, and only those who have pressing needs necessitating acceptance, will do so. Small sums have been invested at 10 per cent. I have seveial clients with sums of £500 to £1100 now awaiting securities at eight and nine per cent., and I have securities on hand for various sums, among others £400, £600, £550, and £2,400. I shall be happy to submit securities to any client who will notify me of any amounts available, and I am open to entertain applications for sums from £100 to any amount ; if forwarded to me they fihall have prompt and careful attention. During the month a loan of £5,000,000 tor the Canadian Government, has been mo«t successfully floated at 3\ per cent., and some £000,000 was otterecf in excess The market rate of discount in London advanced during the eaily part of the month from 1£ to 2\ per cent , the Bank rate remaining at 2i per cent. About the middle of the month a sudden fall in the market rate took place, receding to I], per cent., or one per cent, below the Bank rate, which, however, was almost immediately reduced to two pei cent., at which it now stands ; the rnaiket rate declining to 1\ per cent., but recovering a quarter per cent., and now remaining at \\ per cent. The Bank of England ieseive in notes and bullion has increased to £15,000,000, having accumulated no less than £(500,000 in one week. It is well that colonial capitalists should note the state of the market for money in the woild's metropolis, and there cannot be the .slightest doubt that lates must tend towaids equalisation. There is no change in Bank lates, which are 7 > and S\ per cent., for thiee and four mouths respectively, nine per cent, for overdrafts, and foui, five, and six per cent, for fixed deposits for thiee, six, and twelve months.