MONEY MARKET.

Hawera Star, Volume XLVII, 13 August 1928, Page 7

MONEY MARKET.

BLACKNESS AT HOME. YEW LOANS WOULD BE WELCOMED. (United Press Association—By Electric Telegraph Copyright.) (Australian Press Association.) LONDON, Aug. 11. A general holiday slackness is noticeable on 'the Stock Exchange and a revival of activity is not expected before the end of September. Giltedged securities, despite a tendency for loss easy monetary conditions, show a firm undertone, and colonials arc in good request. The last. (Commonwealth lean has hardened, as was expected, and is now quoted at one-eighth premium.

In these circumstances the market, as one financial ]>aper points out, would welcome new loans, and .it is highly probable that several new large gilt-edged will be floated before the end of the year. In this connection it, is interesting to note that there has been great activity in new loan flotations this year. ‘ The .Midland Bank publishes statistics showing that new capital issues for the seven months to July 31, excluding British Governmentfc loans, amounted to £244,436,000, compared with £194,588,000 for the same period of 1927, and £158,365,000 in 1926. ■Of this year’s total, roughly thirtythree millions went to foreign countries, sixty-nine millions to various parts' of the Empire, and 140 millions were for tihe United Kingdom.