THE MONEY MARKET.

Manawatu Herald, Volume XL, Issue 1915, 14 December 1918, Page 4

THE MONEY MARKET.

TJ!H OUTLOOK GOOD. There have heen i’airiy heavy ea. 11s on the. hanks for assistance to dairy factories the settlement of the sale of our output of buffer and cheese to the Imperial Government, but this sale has now heen effected and payments avill be coniine’ in from that source very shortly (says the X.Z. Trade Review). The sale of this and next season's outputs assures the dairy farmer a settled and very good income for his produce. Wool and meat producers' are also assured of their income for a time, though not for so long. These sales put the farming community on a very satisfactory basis for the present, and ensure.a steady (low of funds. Considerable improvement is promised in the supply of shipping space almost immediately to lift our produce. As there are vast accumulations of all classes of produce a T waiting shipment, the value of our exports will keep at a high level for some time to come, and this will bring a steady stream of funds into the Dominion. We are thus assured of a good supply of funds, but .against this, slocks of imported goods generally are low, and importers will want to build them up again, but are not likely to be in a burrv to do so until values show a

considerable reduction, as they must do in time. It appear.'', tbcicfore, that our exports will be high, while for a time imports will be kept down to little more than immediate needs, and this should keep the money market in a fairly easy state. The Government wants another £10,000,000 . for war purposes, £2,500,000 for public works, and £1,000,000 for land for soldiers, which will, we presume, all have lo lie raised locally, but as it also circulates locally to a groat extent, should not upset the market. With the advent of peace considerable changes must lie expected, but we do not consider the local money market lias much to fear for some time to come, and the big influx of funds from war prices of our produce puis us in a good position to meet any altered circumstances.