MONEY MARKET.
\ioßfl:*t Cha». Pownalland Co., Scrireners and Mortgage Agents. Wellington, report! — The staenation in the money market still continues, and buKUiesn confined to the narrowest limits. Town securities are more sought after, and Scandinavian settlements, from the good reputation they have acquired, we readily place at from 7 to 1\ ppr cent. Wool, now quoted nt lesx value than has been knoirn for many years, checks for tho present, speculation in land, or advances of either locnl or foreign capital. There cm be no doubt that this extreme depr> ssipn has occurred at a period very •letrtmental t« tiis coumry, when negotiations vrtre bptng entered into, and would have been carried out for large u<l ranee* of English capital, which tor the present, are completely shelved. Money continues in ample supply for the sniall demand existing.
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Bibliographic details
Feilding Star, Volume VII, Issue 149, 27 May 1886, Page 2
Word Count
137MONEY MARKET. Feilding Star, Volume VII, Issue 149, 27 May 1886, Page 2
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