COMMERCIAL.
MONEY MARKET.
Messrs Chas, Pownall & Co., Scriveners, Wellington, report, the value of money unaltered during the preceding month, the rate of interest stjLH ruling from 74 to 8 per cent, on broad acres. A few sums of average amount have been placed at the lower quotation, but otherwise the applications continuing limited, the supply of capital offering for mortgage investment is adequate to meet the demand. Australian rates are fully upheld, but last advices from London show the market rate there has had a decided fall, viz., from 3| to 3f per cent., which may have a tendency to shortly reduce our quotations.
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Bibliographic details
Patea Mail, Volume IX, Issue 1085, 12 September 1883, Page 2
Word Count
104COMMERCIAL. Patea Mail, Volume IX, Issue 1085, 12 September 1883, Page 2
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