The Money Market.
, Messrs Charles,, Pownall -aad Co., lfr Tfie*nT6neyinarket is without any change m value during .the last : ™on f th, ; intprestUbu mortgage investments remaihmgf -%i-^aame quotalions—6^ to 7^ per cent. — adjusted to the amount ' required and the special , volume pf< securities offered . inhere has ihejßnj no inquiry for iargeilbans.ilnd the business has been principally limited to local requirements. Money ,ia m full supply, and in :'ihe ( aVseiVce 1 of any demand connected with fresh, land operaii6ns,; is likeFy to'^aje 1 IJDweri*' It was generally expected; that ithe sale of the Manawatu Railway sections would have been, more . successful, Us failurd being attributed to the reserve being too high and tlie conditions of siirle too stringent, the fact being that it was placed Jn the m*rket before any tendency for" a new speculative demand had fully ripened.
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Bibliographic details
Manawatu Standard, Volume IX, Issue 74, 28 February 1885, Page 2
Word Count
138The Money Market. Manawatu Standard, Volume IX, Issue 74, 28 February 1885, Page 2
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