THE MONEY MARKET.

Stratford Evening Post, Volume XXXIX, Issue 33, 30 May 1914, Page 4

THE MONEY MARKET.

“The local money market exhibits very little material alteration since our last report, but the tendency is in the direction of further easing of the market” (says the “Trade Review”). “The export season which is now drawing towards a close has proved an excellent one. both for production and prices, and the total for the twelvemonth to March' 31, as far a s can be gathered from partial interim returns, seems certain to exceed twenty-four millions. On the other hand, though no figures are available for imports, we believe that the March quarter will show a moderate reduction and that the total for the twelvemonth will be little if arjhing over twenty-one millions, leaving an excess of exports of probably about three millions, which is a distinct improvement on returns for nearly three years past. Under these circumstances it appears probable that the money market will continue to improve, and supplies of capital for investment will*be noie readily obtainable.”