MONEY MARKET.

Taranaki Daily News, Volume LI, Issue 109, 29 April 1908, Page 2

MONEY MARKET.

. Tlii- New Zealand Trade 1!' 1 vi<■ \v. p'l'' li-Jic.l "ii Friil,iy. -ay- editorially: The l>ii nk return- disi-10-e a -uliieu nil 1 abnormal condition of tlu 1 local market The ilciiuuul I'm- money liii- been 1,111 e -iderably in (>X<M'StS of ltl<' Mlpplv wllicll ordinarily limU employment in tin' l);> minion, anil in order to meet il aildi tional funds have U'cn lu-rm-jlil in by 111,. bank- to I lie •■-vl-nt i»l nearlv C 4 oilli.nnn within tin' vrH- Dunn" tin' last two wars, in -pit'' »f Hi'' I' 1 '"*" ~,'rity thai lia- prevailed. there has been ii remarkable di-continunnce of tin- aei..n~ w liicli we have previously been accustomc.'. t» -ee made, time Jo time, in llie volume of the lixed depo-its in ihi' hands oi the hanks, ami by tin' aid of w lii.-li the bank- had been enalile I the ever-expnnilmj' demandwhich had beeli call-cil by I lie trade 111 1 lie < omitry ami the extensionof settlement. The' sonrees of supply have been diverted in another direetion, and extra ca pit a I ha- had to he brcwglil in to I,ike their place. Jo meet legitimate leipiireinent- the demand lor money continue*. and the m the price- of wool and other ).r..dm-t----will diniini.li Ihe volume or snr|ilu- ol capital which the sale ol the ,ea»on * produee livings into I In' country. Ihe market will therefore depend a j:ood deal on the bank-. Tlie-e in-1i to I ions. ! having already four of capital ntili-i'il in t'"' Dominion, may not Imd il, practicable |o re-pond t" am ;:re,>l extent to fiirlhei- call- Mine-, a" increase slionld take plan- in M. ■ volum„f deposits. We believe I r.- : ml i in depo.it rales ha- aKe--d> In" » elVe.-t. «hiel, will pl-obal.lv be nene |.r* 1,1 laler on. I" meanl nm- i! i-s |„ |„. |,"P'-1 tli'i l! "' ''"Wllee"! aii.l ~.,v | l|( ..,| H''«Hl iuv f"» M.l- ;i.ix i lil I l"fi ,1 itl'l' will Im. aide lo :"l I heir -"...en- pro.-nb'.l , 1,,|- „nt id- ill- ,