The Money Market.
Messrs Charles Pownall and Co. Scriveners, Wellington,, report : The supply of money m minimum sums offering for mortgage investment during the> last month has been' exceedingly contracted, and , notwithstanding a liaitea demand, fe t w transactions therefore have been concluded. Large amounts upon landed estates are ' more rendily negotiated ab lowest current rates, which coatinue to rule from 7 to • 8^ per cent. There is no modification m the banking pressure, and with little prospect of floating thefour million Victorian Loan this pressure is, likely to continue for a further interval.
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Bibliographic details
Manawatu Standard, Volume 3, Issue 70, 27 February 1883, Page 2
Word Count
94The Money Market. Manawatu Standard, Volume 3, Issue 70, 27 February 1883, Page 2
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