The Money Market.

Manawatu Standard, Volume IV, Issue 107, 1 April 1884, Page 3

The Money Market.

"iiefarl Ohn». Pownatl &' Co., loriTO" : «n«ri, Mifdrt;— Th« money market W o niftini uwettled, «■ notified in our last ..; sQpptb'a qpotationv. ' Low rates are ig»in < tuiUng in the Home CoonWy, but sappUei of c»piUl pflE«ing..her»jfor mortgage ,inTMtmtnt, f either from local pr, outride mourc9f,«e United, and difficiilty^m b««n r foand in pUcing »6nie f«*r; moderately l»Tg« tranitctiom at full current rates—. ' nwnely, 7i to 8 per oent., th» higher ; quotation being>more denaanded; < ; The depreciation in ( the prict of wool, 6ur present chief export, now , lower in value "than n^f.' l?p«.. J knpwn . in. our oldeat ' J ootonial experience, if »lone iufficitnt to . account for tne'preient flnaobial position. r Th* fcorifrtetion dPtht circalatin jf medium, •mounting annually by depreb'ution i to >r about o'aeTnriUion powidfriiteiling, lbreate»V '. ' m vaciubi, producing .at preienta beMvy. ' low to tba colony, • but of _ the ultimate mult n\o ' Jftir. , , need bee - entertained. 'Wool brat been overgrown And reduced • : In talfiie v ir6.m the simple cause, af •bpply and demind, the : f^rmor now 1 - culina in considerable excess, and for ttyat -■" feasoo (here ia apparently little hope of •ny improT«ment in Talus, but tb ft frozen meat for exportation, still almost, in its : infancy, will soon make up the wool ae-i ficiencies, for its true value must be rea- • lUfed, notwithstanding the u'sual opppsi - -ttion that has been diaplayed to all n^w i: lenturet. . .-.'■ i :i J -■ '■•- j ;