MONEY MABKET.

Feilding Star, Volume VIII, Issue 28, 17 August 1886, Page 2

MONEY MABKET.

Mews Charles Pownnll and Co., mortgage agents, Wellington, report the demand for money on Mortgage investment has largely increased durisg the last month and quotations at from 7 to 7£ per cent, are consequently supported. Pressure by the bunking interests upon their customers ban thrown many of the securities they hold into the open market, where in many instances difficulty will be found in their negotiation. Enormous dividcadg extracted from the vitality of thene young colonies should offer a protective xhield in their periodical times of depression, in place of arbitrary and unexpected demands leading up to and causing among some of the minor communities, as in the present instance, a small panic. Capital offering has boen in fair supply, and we are glad to be able to affirm that confidence in the value of our securities is fust being established in the Home country, advices of considerable sums for investment having arrived The wool market since the last London wool sales has further advanced fully Id per Ib, and us present quotations are likely to be maintained, we see no reason to doubt a period of prosperity being restored, based upon that great desideratum an ample supply of foreign capital.