THE MONEY MARKET.
Some interesting comments on the money market appear in the current issue of the "New Zealand Trade Review." Mention is made of the fact that the influx of deposits to the Post Office Savings Bank has suffered no diminution, but shows an increase. On the other hand, the withdrawals have been extremely heavy, so that for the last two qo:rters the excess of deposits over withdrawals has dropped to less than half of the volume seen a year ago. This movement the "New Zealand Trade Review" is disposed to attribute to the strong demand for money and the shortage of supply, and not to the rise in bank deposit rates which took place last February. The light increase in the fixed deposits of the banks is a common feature of the June quarter, and the rise iy rates may nave assisted to prevent the drifting away of these funds into other channel.?. Tne trade returns for the June quarter show a heavy decrease in the value of our exports, and no reduction in the volume of our imports, and therefore give no indication of changes calculated to bring ease to the money market.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAG19080807.2.15
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Age, Volume XXXI, Issue 9161, 7 August 1908, Page 4
Word count
Tapeke kupu
196THE MONEY MARKET. Wairarapa Age, Volume XXXI, Issue 9161, 7 August 1908, Page 4
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in