THE MONEY MARKET.

Taranaki Herald, Volume LX, Issue 143770, 19 April 1912, Page 2

THE MONEY MARKET.

A REPORTED STRINGENCY,

Per Press Association.

AUCKLAND, April 19. The manager of an Auckland bant has been advised by cable that the attempt to float a Vancouver City loan for one million in London has been a comparative failure. It was underwritten at 94J, and the underwriters have been compelled to take 91 per cent, of tho loan. The stringency is attributed to the general condition of the world’s money market, consequent on the ItaloTurkish war, the British coal strike, and affairs in America and- other influences. It is also stated that as the result of recent Imperial legislation restrictions, the investment of trust moneys in Consols and like securities has been large. In the event of the restrictions being removed it will result in a larger field of remunerative investment at Home.