THE MONEY-MARKET.

Wairarapa Age, Volume XXXII, Issue 10674, 2 July 1912, Page 4

THE MONEY-MARKET.

lln. its current issue the- "Trade Review" alludes- to the satisfactory recovery the Dominion's exports have made since 'March 31st, hn.ving more than recovered the lost ground of the eadier part of the season, and' being now ia(bout half a million ahead of the previous .season/. As far -as can be .seen, at present, thoaigh, the "ReView" continues, the imports for the 'June quarter are likely to exhibit a continuance of the growth that has been in evidence for some time past, so that' av fair as these factors are concerned there is not likely to be much change in the money ana-fleet at present, and ainless there is a. decided reduction- in the volume of our imports r ni th;?. wear future, it .appears likely that the value of maney will remain •firm for some months to come, though no reail stringency is to he apprehended. The increased demand for money is evidenced ■ iii-the balance sheet of 'the Bank of-New Zealand, as that institution, has' 'foiund it desirable to 'transfer « considerable- portion of the 'funds utilised in London, and bring the money into use in the Dominion

Following the recent advance in deposit rates, udds the "Review," it is understood that the. banks have islightOy hardened their lending rates, 'which is only a 'natural sequence.