THE MONEY MARKET.

Manawatu Standard, Volume IV, Issue 31, 5 January 1884, Page 2

THE MONEY MARKET.

Messrs Charles PoWnall and Co. scrivener.-, report :— The business for the month for mortgage investments has been almost without quotation. Money remains m sufficient supply for any loqal demand, at t£e same rato, viz., 7£ to. 8 per cent., but the' few transactions that have qeen. negotiated can be no guide to the real value if any largo applications were made. A feeling oi distrust as to the value of New Zealand securities aU pwEjent, .predominates. , ,Uh wisely , based ~ upon the general existing depression, landowners naturally decline to lock up properties for a tithe of their value. Our advhe to thorn is to withold their requirements; The new line of steamers will intro luce capitalists to this country, wliiqh is only to be investigated to be appreciated, aiyl. will, as a natural . result, . be. found during cha half of the next decade co double the value ot every-acre m. it, simply heoaus© of the priviljjges, climatically, of growing grass all the year l-ound— a privilege not enjoyed else.where.