When a man has poor cousins his re* lations with them are usually strained. Messrs Charles Pownall and Co, Scriveners and Mortgage Agents report an increased supply of money, for mortgage investment, consequent upon the Government declaration that there will be no increased property tax." The demand during the la.«t month has, however, been limited, and the principal business confined to city properties, which when first-class, are now negotiable at 6h per cent. Money has again fallen in ihe Home market, the, Bank of England rate to 2k n'nd the open market to lj ppr cent ; the result of a further ((.•cumulation ef unemployed capital. Our quotations are now 6| to 7 per cent, nit with the rise of 20 per cent in the r:ilue of wool, at pr<.'s*>nG London sales ju»t received), more confidence in land nvestmenta will certainly follow, and we •xpect (lead to a considerable influx of capital upon easier terms.
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Bibliographic details
Feilding Star, Volume VIII, Issue 3, 19 June 1886, Page 2
Word Count
154Page 2 Advertisements Column 3 Feilding Star, Volume VIII, Issue 3, 19 June 1886, Page 2
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