WELLINGTON MONEY MARKET.
Messrs Charles Pownall and Co., soriveneris; Wellington,, report,:— fhe supply !"of money offering formor%^gei inyestjinent, Qdling the last montb, has'been" quite sufficient to meet the small demand existing, at ruling rates, viz., 7\ to 8 ppr cent, on landed estates, Any .large, applications,., however, no,w brought forward j woal'd find more difficulty m negotiationV; as the- 'amount of capital offering throughout this country has become decidedl7 t more limited^ and 'sjipplies from the neighbouring • colonies Have for the present ceased. Money likewise m the Home Market has risen again tQ^per cent., with a ' mor«^active(semanai checking- for; the time any further remittances being sent here from .that . source . fpr inyestmejat. Present -Tates ' therefore, arejlikely;to< be main.
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Bibliographic details
Manawatu Standard, Volume 4, Issue 217, 17 August 1883, Page 2
Word Count
118WELLINGTON MONEY MARKET. Manawatu Standard, Volume 4, Issue 217, 17 August 1883, Page 2
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