THE MONEY MARKET.

Stratford Evening Post, Volume XXXVI, Issue 36, 18 June 1913, Page 5

THE MONEY MARKET.

THE STOCK EXCHANGE. . , By Euscxaic Telegraph—Copyright] [United Press Association.] Londonj June 16. ' The Stock Exchange is steadier. There, have been two small failures. The New Zealand Trade Review of June 12 says:— The local money market shows very little sign of any tendency to ease, and the supply of funds' available for investment of all kinds remains very restricted. The volume of out exports has been very well maintained so far. and the prices realised are generally very satisfactory. For the year to 31st March the total of exports constituted a record, the increase over the previous year being £3,640,000. For the two months since then there is a further increase of £39,000, and the funds from the realisation of these exports are coming in to assist the money market. On the other hand our imports are still maintaining a very high level, which does not show any sign of reduction, and this means calls on the funds of the banks for financing them. The ever increasing trade of the Dominion requires increased capital for all the various trades and enterprises, and constitutes a continual call on the general supply of funds. '