THE MONEY MARKET.
,Sonu> interesting comment,s on the money market appeal in the current issue of the Xew Zealand • Trade Keview. is made ot' the fact that the inilux. oi deposits to the l'ost OlHco Savings Bank. has fullered J>o dinmnil jan, hi it shows an increase. On tihe other hand, the withdrawals have Wii extremely heavy. so that fur llic last two quarters tin; excess ol deposits over" withdrawals has droned to less than half the volume seen a yuar ago. This movement the Trade Ueview is. disposed to attribute to the strong demand for money and the .shortage of supply, and iibt to Ule rise in bank deposit* rates which took place last Fcl>ruarv The light increase in the fixed deposits of the banks is a common feature nt'tHie dime quarter, and the rise in rni'es may have assisted to the drilling awav of Ihese lunds into other channels. ' Hie trade returns lor the June quarter show a livavy decrease Hi the value of our exports, and no reduction m the volume of our imports, nad therefore give.no indication of changes calculated to bring ease to Hie money market.
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Taranaki Daily News, Volume LI, Issue 198, 11 August 1908, Page 2
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191THE MONEY MARKET. Taranaki Daily News, Volume LI, Issue 198, 11 August 1908, Page 2
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