Money Market.

Horowhenua Chronicle, 29 November 1913, Page 3

Money Market.

* 1 is particularly unfortunate that at the beginning of what promised to be one of the best export seasons experienced by the dominion, the position should be marred by a grave and senseless strike of waterside workers. This has seriously delayed export business, and interfered with trade generally. The financial effect is being felt mainly by the farming section of the community, but it is understood that the banks are doing all in their power to tide over the position. There are always heavy calls for assistance at this time of the year for moving produce, and these are heavier now on account of the present position, thus keeping all available funds fully employed. The Chairman of the National Bank of Australia recently stated that even if the supply of money increases, formeV low rates are not likely to be seen for some time, as heavy Government and municipal requirements would absorb any surplus. The Chairman of the Bank of New South Wales stated that, although the outlook was good, it was felt advisable to discourage undue expansion, and adopt a policy of steadiness and reasonable restraint.—New Zealand Trade Review.