THE MONEY MARKET.

Auckland Star, Volume LVII, Issue 159, 7 July 1926, Page 4

THE MONEY MARKET.

BLUFF HARBOUR LOAN. (By Telegraph. —Press Assoelaiio... I.NVERCARGILL, Tuesday. Th p KlufT Harbour board's dpw ]r,an of £30,000, to be i.=.-iK-d at iiif end i>r the present month. lih.« already attracted s'lbsernVrs. Trir sum (if £?6.o'Ki ha> been pla'-fd. leaving , only £iOOO to be allocated to complete the loan. ITALIAN EXCHANGE. Apropos of the low exchange rat° at ■whirl) Hie italian lira is fjnotfij, it is »ufr?i'>!p.fi ibat principal director.-' of industry in Italy arc not aver.-c to a tall in tbc valup of the lira, as rrPiK-ti rorapetition, based on tlie t'TTiporary advantage of tnc railing franc, is very keen. CITY OF MELBOURNE LOAN. As con.i;t: r 'n? of thr- issue comply wits tfip rcQUireiiients or reco?ni?ed " StocK E\'-!ianf. r f-:> or Australia and New Zealand, the committee c»f the ?ydney Eschanje lia; ? ran ted "to rne..ibers to take par: in the flotation in the open market of thr- :,n- of Melbourne loan of £350,000 at par. bearing: infrest at the rate of 5 J per f'-nt per annum, with a currency of 7 to 11 yr.ar=. The or one hair or one per cent :< payable only on accfptetl applications ri-ccived from of the ~".oric Exctian?o? mentioned. ONTARIO BORROWS FROM U.SJV. Amongst American loans rJunnvr the month of was one of 25.000.000 dols. to I , " 1 Provinf - ** of Onia"-io. one i.n'l two year nites to yield 4.20 per cent anu -i.io l>er cent respectively.