THE MONEY MARKET.
■ Is the,, enormous'. influence; of the LondoiLriionoy-:'. market.* 011 thefinance..of.sfc whole civilised world : the news that the ratc...:'of..:inlcrest>-has Loudon . will give general satisfaction, ivr New. Zealand;, as well •as-in other-parts'of the Empire--". As t lie ■} rRI ME '■ -M IN I STEil:< "remarked hi &■ statements-.published in yesterday's' Dominion- a corres»ondirig':,cheapening; ..of. money in this country.may be expected;';, Some critics of the Reform-Party'have been endeavouring,".'for!political purposes; to make the Government responsible for - the;. comparatively high rates that .have prevailed'-for;". s'omc : ,-timc jiastj but," of' course,', such - an. asser-tion-is' quite groundless? as• the price of money depends to a very large extent'on London.. - Victoriai.was' the: first ■ oh the to#reap the bciicfit'-of : .tho-present ;ehange, butj as Mr..- Masst.v points out,, the New Zealand, Government hopes to-benefit by the : more favourable state, of the mar-' k;t:. during" the ."present year.': ■.-There a red nd iciit ions, that' the changc?.w.il 1 be;'fi'lasting.onelSbut;some;fears' are ehtei i t-aincd.'|-..that-.,'|' I thp'''.vimprovcd outlook willfgive".rise-to such a rush of borro.wm that there limy' possibly, be a rp\?rsion'to-thc,'o!d position?.- -The first ■issnc''of : .-TlieJlntctii<iiwhai'' i-Re-'■tcii- of ■ Cummn-rr mid (pnblishcd'bytL:llJpooTT ; TANDVSoN. Ltd..- London) contains some opinions' b'y r :'eminent- financial ■■-■nithorr-: ties'onihe-demand for.capital;' which .are;.of ; )special- interest,v-in - view ...of. yeecnfc: (lcyeloprnentsi:V:LoßD : GoscilßS i n '§Vii-J reeen fcV;. : speech all r ibu ted t!u: :. iiervuus':-. CTnliiicn . of the;
rumey: uniiket which has 5 j existed thc-'increascd pace}'at;whicl/the. .-' is; living.., 'He .quite/ sound ■ 'or<tn 11ica! 1 y sw'buti'tha-Sinsatiable ' demands ni.'ide-upon it caused depression. f- I"ie' position .vras' intensified ■by: tholpresent,tendency /towards extravagance anion? all .classes of the community,\eoupled-,iwith the general spirit-iof? restlessness/;//He ,;.went -oi. to sav that; new' issues had followed one ; ano'hev iii- snch /"discomforting • haste thai Ike digestion of- the, market- hacl/been-: upset, ; f"anyvi'ijst>.was" needed./; Loili>- Milner-expressed .-.the' view ; that capital. had*; struck ' for. .■higS!er.''wagc6|'fand^^yas,::nloreo^'er?.in position to .obtaiii.Hheni3?£Jtiwas,he said,.' becoming /more.''and. more diHicn 11 for. pruditctive industry': • to New' methods,,new materials,' new in-, stre.mcnts. of prr;duciionV. wore eon.stantly'■ being< introduced, ; d hey! all clamoured, for capital to' ; - help', them to develop' Ihemscivei'Sf!L(;itp. the; i,-n I to r r'tt-i'tf ti o r> v recent cablegrams,; preclictc:) /Ciiufc would- be.' - a king*, while before any-. ■ thirsg";;iikeSglitfcjofiv.capitai,4* -of which 'ii.-was,at /one,Hme. fashionably 'tqifspjakt;^;^ •l.onir M n/jKiralwv-ha'd x fey;words-.'tii,say,-.-in /reference jo. ihe ; relations /Vi P i t n li/iVri c!/1 jh lyjiif l*/; i'egavdslf;-> )i.'i?ition ()f-'jabinu\v'.he'>:.'ud..' li.lviiKiiiiijened jten.uuid [or eiipiiiii inevi;Val)ly^uriy'?iyed^a^.hoi^Ktni, tY-r/-lai)'.iiir\. ;ilso.' 11 inea h tSii n||i.n' ; f i f' s P i' o/thici v i t VI 1 it r ge.r ?o \i t/4 f j'liii/Sla n d '■ tKpugluCiip! t ■a fta |iil/t kbj i uiy ■;'i i*i i S' l i j .T. ■' i-f: | ///c s Vo. r. iy-' t li n i y t /. b,Miefit hn{(£Wa.s?irio .'reason why b.iilh'siioulil not-i.'e bettiMvoif at; /ll;-"' Iher: ilie tiiyoirrabh; : change in: ' llje. liiiiidoii iuoney marke; 'will shov.- ii/i'v real/\i! : 'nnnue;ice.- •/The';. I.;;iidon iy'///'» i ri ka'Si. t(f [w i at? there s! Vo t \ 1 cl /': 1 w t i vc 1 t U tiny- ,rih r -ad, .V;C<':nise;/ll!'; v/ev.-ve V'!-;" ■back-!o. Bynciiealisni in So'it lv/Af•.•ief. shijiiid ,i?e,..a < heck/upon; labour- «p-. he n'v a \ K/lf ox :■!- one .■}* •ii'it'• thai it 'i/'hemove/^n/'nli'-. reeoirnised thai- - the interest; of,.
-I^P i tfi 1' a re' iliterde pen clr{' |cnt|;nndjthatj,inchistrial::.pcace' is; as I i'M:orkorias ; nl%inpl6yor;!«?Thc-' disorganisation? iif^conynercefandjindustry. caused ;-?ki!???4S-S.^^.h e | :.;;n- injury, to j-.tiie • whole .. comnnin- i |i ''': i
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Dominion, Volume 7, Issue 1968, 27 January 1914, Page 4
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551THE MONEY MARKET. Dominion, Volume 7, Issue 1968, 27 January 1914, Page 4
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