MONEY MARKET

Hawera & Normanby Star, Volume LXV, Issue LXV, 22 December 1913, Page 5

MONEY MARKET

There is very little change noticeable in the money market, the. supply of funds still remaining very restricted, and. this appears likely to continue for the time being. The long continued disorganisation of business. through the strike has;, a decided effect on the money market, especially as concerns the farming community, though this is being overcome and the ports are working satisfactorily now. Another unfavorable factor ie the drop in - the price of wool, which' if continued will mean a reduction in, the value of the season's clip of fully a million. Against this very good prices are being realised for our dairy produce and meat, and the. outlook for these lines is very promising. ..The' tightness of money and higher Vates are not by. any means a ; purely local affair; all over the world the growing demands for-money have made a heavy drain on the supply of capital, and forced up rates generally. It appears to be the .opinion of those in the best position to know that there is likely to be a continuance of present rates for some ...time -to \ come. —New Zealand Trade Review* December 18.