THE MONEY MARKET.

Colonist, Volume LIV, Issue 13456, 29 June 1912, Page 4

THE MONEY MARKET.

In its current issue the "Trade Review" alludes to the satisfactory recovery the Dominion's exports have made since jMarch 31st, having more than recovered the lost ground of the earlier part of the season, and being now about half a million ahead" of the previous season. As far as can be seen at present, though, the "Review" continues, the imports for tho June quarter are likely to exhibit a continuance of the growth that has been in evidence for some time past, so that, as far as these factors are concerned there is not likely to be- much change in the money market at present, and unless there is a decided reduction in the volumo-of oux imports in tho ' near future, it appears likely that the value of money will remain firm for some months to come, though no real stringency is to be apprehended. The increased demand for money is evidenced in the. balance sheet of the Bank of New Zealand, as that institution has found it desirable to transfer a considerable portion of the funds utilised in London, and bring the money into use in the Dominion. Following the recent advance in^de^posit rates, adds the "Review," it is understood that the banks have slightly hardened their lending rates, which is only a natural sequence.