THE MONEY MARKET.

Horowhenua Chronicle, 6 February 1915, Page 3

THE MONEY MARKET.

The Trado Iteview says:—ln our 'ast issue wo referred to iho position as disclosed by the Bank returns, wliicii showed an improvement of about half ;i million in the relation of deposits and advances. Those figures were, of course, for the overage ol the December quarter, and judging by the splendid volume aud prices of our exports for the season this improvement must be rapidly increasing now. Our exports tor the year 1914 totalled over 26 millions, while, though f.he figures ire not yet available, we should estimate our imports at about 21 or possibly 22 millions, which leaves a handsome surplus—more than is needed to pay our outside obligations. During the current quarter the realizations from exports will be coming in and providing a good supply of funds for general purposes, and money should be fairly plentiful. It is "hardly likely that rates will ease materially as there will probably be good demand for money, and it is quite possible that some requirements may be filled locally, which at other times would have been placed in the London market.