Money Market
tfessn Gh4rles Pownall and Co; mortgage agents, Wellington, report the money market very quiet during the last month, the rate of interest remaining unaltered at -6 and 7 per cent, on mortgage investment. Few transactions <of any 'importance have beeu negotiated, borrowers of considerable enms; say, to £50,000, being unwilling to deal ejcoepib at the lower quotation, J which capitalists' at pr^eat' will only 1 accede |.'ta : jimoii se-! curitie* offering such ridiculously large margins as to entirely, prohibit any. farther improvemento oir their Btations^ for : af; c 7eartu--'-Tlie English money market in commercial circles has .experienced a further rise, and may be quoted at 2|- percent. Firmer, markets for produce generally prevail, tioere is every, prospect of a departure from the long existing stagnation. The annexation of Upper Burmah by the Indian. Government will prove of the greatest importance to these . colonies by removing the serious obstacle: to tine proposed line of railway by B£am to' and through GhinaV. \\..i-l --r.- •: :■- ; ■■■ ■' ■■
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Bibliographic details
Feilding Star, Volume VII, Issue 77, 8 December 1885, Page 3
Word Count
164Money Market Feilding Star, Volume VII, Issue 77, 8 December 1885, Page 3
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