The Money Market
Messrs Charles, Pownall and Co., mortgage agents, report:— The money market unsettled in the last month's interval, pending the decision ' ot the Russian war question. Our latest advices, however, showing an advance) in Consols to . 99}, now, . leave little doubt that peace at any price has been fpr th,e present arranged. Vast accu^ mulation of unemployed, , capita! : has like^se reduced ■ English quotation* for mercantile operations lto fa* unprecedented low raie of i| per cunt., a fall which 'must have some effect upon the ▼alue of money in these, polonies. Below our present quotation therefore of 6 to «| per cent, for large or moderatesums on undoubted ;ecurities, , we do not think the market is likely to recede; on the contrary, is^ might possibly harden if any considerable demand comes forward. Intending borrowers would therefore act wisely ; in taking advantage ot the present opportunity. ' j
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Bibliographic details
Feilding Star, Volume VI, Issue 145, 23 May 1885, Page 2
Word Count
146The Money Market Feilding Star, Volume VI, Issue 145, 23 May 1885, Page 2
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