THE MONEY MARKET.

Stratford Evening Post, Volume XXV, Issue 9, 12 January 1915, Page 4

THE MONEY MARKET.

That tlio money market in New Zealand is still in a satisfactory condition, is evidenced by the following, from the “Trade Review” : “Our local money market continues the even tenor of its way showing very little effect from the world-wide disturbance consequent upon the war. Money is naturally not available in large sums for Government and municipal loans at normal rates, in fact the value of money generally is somewhat above normal, but for the ordinary commercial and industrial needs of the community there is a sufficient supply of funds, and the banks continue to meet all legitimate requirements in this direction. The enormous demand for funds in the world’s monev markets caused by the war is bound to keep up rates for some time to come, and consequently loan flotations are practically out of the question. The splendid prices which are being realised for our staple lines of produce will bring in a very large supply of funds, while it Is anticipated that our imports will exhibit a shrinkage for some time, and consequently our trading account will show an excellent credit balance. This will maintain the supply of money for general trade requirements at a satisfactory level, and tend to keep rates steady at a fairly normal figure.”