COMMERCIAL.
THE MONET MARKET. ■ Messrs Chas Pownall and Co., Scriveners Wellington, report that during the past month, the value of money remains unaltered ill quotation, from 7 to 8 per cent, but the lower term now express'y applies to large transactions only; upon high class landed securities. The supply of outside Capital offering for Mortgage Investment, has become more limited, and combined with an advance of 1 per cent in the English Market, and the Australian Colonies maintaining full rates, there is every possibility, notwithstanding existing moderate demand, of present quotations being fully supported.
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Bibliographic details
Patea Mail, Volume VIII, Issue 1038, 23 May 1883, Page 2
Word Count
94COMMERCIAL. Patea Mail, Volume VIII, Issue 1038, 23 May 1883, Page 2
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