WELLING TON MONEY MARKET.
Messrs Chas, Ppwnall and Co., Scriveners, Wellington; report:— The money market has been m an unsettled srate during the la c t; month, while few trausactions of any importance have offered to neceßs;tate any increas-. m value. The rate of interest must nr.w bf quoted one-half per cent higher, viz., from 7£ to 9 per cent., according to the amount re quired. The local supply of capital is still limited, and ia Australia full rates cont nue to be realised. In London money has aam failed to 3| per cent., but as we hear o* no further lar^e eonsignmenta for mort age invesiments from tbat source, we see little prospect at present of any abatemeut ii/our quotations.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS18830719.2.7
Bibliographic details
Manawatu Standard, Volume 4, Issue 191, 19 July 1883, Page 2
Word Count
121WELLING TON MONEY MARKET. Manawatu Standard, Volume 4, Issue 191, 19 July 1883, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in