The Money Market.
Mess/s Chas. Pownall and Co , scrive-A ners, Wellington, report und«r date* October 9. :-r-T he money market wavering between .7f to 8 per cent: and a disposition to negotiate loans' on mortgage for large amounts of 7 per cent. Transactions of importance amounting it* the aggregate to abont £200,000 could be placed at the laiU-r figure, borrowers declining to exceed,, and- with a considerable influx of foreign capital offering for investment, it is very probable these terms may be acceeded to. Business transactions have otherwise, during the last mouth, been confined principally to renewal of mortgages falling m.
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Bibliographic details
Manawatu Standard, Volume IV, Issue 270, 11 October 1884, Page 2
Word Count
101The Money Market. Manawatu Standard, Volume IV, Issue 270, 11 October 1884, Page 2
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