MONEY MARKET.
The New Zealand Trade Rc view ; r ‘The se>:,'L ; 0
dace is coming forward 'ipment in good volume, and prices generally continue satisfactory. Very good prices have been paid for wool at the opening sales of the season, an auvauce of lyid to 2d being reported, as compared with a year ago, and this, if sustained, would mean an increase of about a million on the season’s clip. Against this however, dairy produce and hemp values have declined, but it is hoped that these will recover later on. A good lambing season has been experienced, and, according to the Government estimate, the rale is about 92 per cent. Prospects, therefore, are very satisfactory, and at the end of the season the returns of exports should show a high total. Money continues somewhat tight all round, and appears likely to remain so for the present, but the position should improve when the returns come in from the realisation of our exports. The heavy total of deposits' in the Savings Bank has undoubtedly a decided effect on the local money market, as this institution has attracted a considerable amount in deposits.”
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Manawatu Herald, Volume XXXIV, Issue 1034, 3 December 1912, Page 3
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191MONEY MARKET. Manawatu Herald, Volume XXXIV, Issue 1034, 3 December 1912, Page 3
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