THE MONEY MARKET.

Taranaki Daily News, Volume LII, Issue 222, 25 October 1909, Page 2

THE MONEY MARKET.

the money markets all over the worid are in a state of almost plethoric ease, and accommodation, both for speculative anil industrial purposes, can be secured at rates which are sufficiently low to allord a -strong stimulus to activity («iys the ''Financial Times"). There are, however, certain indications already apparent that this state of affairs is not ikely tu continue indefinitely, and with tile shadow of the regular autumn deiiuiml lor cash for crop-moving purposes l"»ming ahead, bankers are beginning to lake stock of the resources available and lie probable requirements which will have to be met. m most respects, it may be said tlint the outlook is, on'the whole. ~ very comfortable one, aniLflril '■'"l'l.v the lending banks are, s0 fiWs c.i>h resources go, m A )mic ij s t roll ,, r position than they were a year a»o The prolonged period of industrial depress urn through which we have been passimloupled with the. increasingly heavy arrivals of bullion from the South Africa, and Australian mines, has automatical',served to build „p the reserves of the lending banks of issue, so that ill Europe at all events, the position is now er than it has been for a long time past. ;''"'« lue last few days, stiver, theie has been a tendency in Lombard street to regard the rates now ruling as almost unduly low, and while, with "'«"oy so plentiful as it is at present, it ■ias been found impossible to advance chinges materially, there is a general beliet that the market must sho? ly b ■ is elec upon the negotiation of longer dated bills,