THE MONEY MARKET.

Dominion, Volume 2, Issue 415, 26 January 1909, Page 6

THE MONEY MARKET.

• continued shortage, of money >and high interest is playing havocin the building f ? i ° ther tr ?*? M industries coJ' ■Jwh.'* l^ ■■. 8a ?«-ii'. It ,s generally, admitted: that.tho slump is ofa widespread nature/and W d °J*M ? iT !? find &* tn °*> who are least able to bear the, burden have : to bear •the.brunt of it. L go ,to arrange a; loan on IZT'H' &Ui l K d t Tf r ?pr °- ch h ¥ nothin S under 7 per cent. If. I enquire, what, that 7 per cent money is doing now, probably I will be told that.it -is lying in a current account.' bearThe lender: says he\ not particular, : because: he says plenty. of -other : ar6;-getting;.7;per ; .cent ,It can either bring ; . per cent., orJie,where it is, and so the borrower is at the .mercy, of the capitalist ■'SKf* ;instftut on open outmore free y Dear money means the closing, down ;of..mdust ry,v and men are thrown idle. They are,living from hand to mouth, and are least able to bear the bu>w; h^ g ■?• ■■ ? Swmillers may. r a i se ;the DOgy of higher timber duties to protect their combine, surely the people as a whole who live: in houses; 1 will not submit to furi .ther taxation on.necessaries,such as houses' ,and furniture made of timber, to fence in a' combine that ought to be burst up in the interests of 99 per cent: of'the people. It is a matter for profound regret- that the Government should be so .hazy on the tariff question. I- am not a-supporter of the Opposition, but I say that, they are at least sounder :oathetanfTquestion.than most of the bogus ,Liberals are,--I ain.'eto., ~ ■:.■■■■ ;:':.- E.. STEVENSON.