The Money Market.
Messrs Chas. Pownall and Co., scriveners, report :— The money market remains m the same inactive state, both as to supply and demand, the only sums offering for mortgage being some sundry trust funds to a limited amount. For these, on good securities, 7£ to 8 per cent, is accepted. Rumours emanatiug from good authority, reach us that a large amount of English capital will shortly be placed m this country :f or investment, and, if realised, we may look forward to the present depressed ;position being amended, assisted probably by the new Ministry who are Ijkely, if they have the opportunity, to become further largo borrowers. ' ,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS18840816.2.8.3
Bibliographic details
Manawatu Standard, Volume IV, Issue 223, 16 August 1884, Page 2
Word Count
109The Money Market. Manawatu Standard, Volume IV, Issue 223, 16 August 1884, 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