The Money Market.
Messrs Ohas. Pownall and Co., Sen--veners and Mortgage Agents, report i— [ The stagnation m the" money market Still continues, and business confined to the narrowest limits. Town are more sought after, and Scandinavian settlements, from the good, reputation they have acquired, we . readily place at from 7 to 7£ per cent. .Wool, now quoted at less value than has been known for many years, checks for ihe present speculation m land, or advances of eithrr local or foreign capital. There can be no doubt thatthis extreme depression hai occurred' at a period very detrimental to this country, when negotiations ' wer« being entered into, and would have been carried out ,for large advances of Eng} lish capital, which, for the present,; are completely shelved. Money continue! m ample supply for the small demand existing. ■ " \ '■"'.' '-:
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Bibliographic details
Manawatu Standard, Volume XI, Issue 1715, 22 May 1886, Page 2
Word Count
136The Money Market. Manawatu Standard, Volume XI, Issue 1715, 22 May 1886, Page 2
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