THE MONEY MARKET.

Taihape Daily Times, Volume 8, Issue 76, 29 March 1916, Page 6

THE MONEY MARKET.

The New Zealand Trade Review, in its latest issue, referring to the money market, says: There is very little to report on the local money at present, as there is not much reliable data to supply definite' information, pending the publication of the bank returns for the current quarter, which will be available in about a fortnight's time. There is,.however, no doubt that money is still very plentiful, and there appears every probability of this condition prevailing for some time to come. Our exports for the two months January and February totalled £8,582,959, while our imports for that period were. £3.667,327, leaving a handsome surplus of £4,915,662. These figures spell a biginflow of funds into the Dominion, and it appears highly probable that wlu'n the banking figures for the quarter are out, we shall find a record surplus of deposits over advances.

Our principal products continue to command exceptionally high prices, and the season has been favourable to production. Fresh land is continually being opened up and made productive, and consequently the volume of out production should continue on the increase. Practically the only trouble with New Zealand at present is the difficulty in procuring sufficient freight space, both for imports and exports. In spite of the plentiful supply o<" money, rates continue fairly firm, and owing largely to increased taxation, and a feeling that there may be further increases, also the world-wide value of money has advanced owing to Avar demands for capital.