The Money Market.
i Messrs, diaries v PownaJJ . Mortgage Agents, Wellington, ' report the money market very quiet .during the last month, the rate of interest' Veinaming unaltered at 6 t0. 7 per cent.^ on mortgage investment. Few transaction*" of any importance hare-been negotiated, borrowers of considerable sutns, e»y, from £10,000-tb 4^PQi£!#& .s*>&--ling to deal except at the lower quotations, which capitalist?" at present will only accede to upon securities offering puch ridic'ulousr}'"&r^iffar^nlS'a**to en. tirely prohibit any further improvement* on their stations for a term ,pf ' years. The English money markefc inf commercial circles has experienced & farther rise, and may now be quoted ;a£~2| per cent. Firmer markets for produce. 'generally prevail, and there is every prospect of % departure from the long exieting-stagna-tjion. The annexation of Upper Burmah by the Indian Government will prove of the greatest importance to these ..colonies by removing the serious obstacle t<> the proposed line of railway by Siani; to and through China. •
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Bibliographic details
Manawatu Standard, Volume XI, Issue 1575, 7 December 1885, Page 2
Word Count
157The Money Market. Manawatu Standard, Volume XI, Issue 1575, 7 December 1885, Page 2
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