MONEY MARKET.

Manawatu Standard, Volume XLIII, Issue 3105, 24 December 1921, Page 5

MONEY MARKET.

The money market is still ma very unsettled state, with very little alteration since our last issue. The balance of trade for November was £822,251'in our favour, exports being valued at £2,853,814, and imports at £2.031.557. The produce season is now in full swing and realisations, are coming from exporting, which help to ease the money situation. Prices for prmc.pa products are, however, still fairly low, but we have lieges of a fair measure of improvement before very long. Iho opening wool sales for this seas.;., show a dislinc improvement in values, but crossbred wool which comprises the greater part of oui clip is still very low. . , The Government bus further extended tin moratorium both as regards mortgages and deposits. Building and investment companies, and others taking deposits now have to pay per cent, or deposits Loan on mortgage may be made at market .ate, but any old loans at under 6J per rent, automatically rise tp that rate.on. due date This will somewhaFrestnct business l.y thes companies, and there is not very much capital available for lending on moitgagt at present. , , , i. The position will, no doubt. <rrad..ad> right itself as our season's produce _.-• realised on. providing importation is m , down, and the balance of track, returns ft normal.-New Zealand Trade Review.