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Manawatu Herald, Volume I, Issue 74, 16 May 1879, Page 3

The Money Mabket.— The Wellington Price Current writes as follows upon the money market :— The stringency which has now for some months characterised out money market continues unabated. The pressure has hitherto been sustained in a way that testifies to the general souflducSß of trade, as the small numbers and' intigniffoant characters of ' the insolvencies recorded in our iriontbly list* will suffii •lently prove. Btill, the inoonrenunce to traders of all classes 1b considerable, and it --via to b»i«yped^tet"etcr -taqr-ar-streinr of' that abundant supply of capital which is spoken of in our home advices may be directed to these shores. It is no doubt difficult to convince the. . British capitalist that there is any , exception to the axiom that high interest n tans bad security , nevertheless it is a fact that unquestionably safe reonrities could be had in the colonies lor a considerable amount of money at from

eight to ten per cent. At present then? i is scarcely any money available io nipt the demand for advances on real csrjito. mi i H9 high as eleven and twelve per tvnt. in bi-iug paid with good security. !

" Class in the middle of geography stand up," said a Yankee schoolmaster. "What is a pyramid ?" ho asked. " A pile of men in a circus, oue on top of the oilier. " " Where's Kgypt ?" ""Where it always uus ' " Where's Wales ?" •' All over the sea." " Very well," suid the schoolmast ci v ; " stay thore till I show you a speeies-d' birch that grows all over this country."