THE MONEY MARKET
— :oo: — Messrs Charles Pownall and Co., scrivener?,, report that during the las'. tnonth the demand for money on mortgage investment has been very limited, more ao, indeed, than has been known for many preceding years. The amount of capital offering, though likewise much contracted, ia therefore difficult to pluce, the current quotation remaining at 7A to 8 per c«nt. on landed security. Business of this class being for the present apparently at a I siardstill, we hear of no Elfish capita* j being imported, though the market value i of money there has fallen as low as 2 per [ cent. In Australia full rates are still i upheld, and there is little prospect of any improvement before the opening of the new year.
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Bibliographic details
Manawatu Standard, Volume IV, Issue 9, 8 December 1883, Page 3
Word Count
126THE MONEY MARKET Manawatu Standard, Volume IV, Issue 9, 8 December 1883, Page 3
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