THE MONEY MARKET.

Thames Star, Volume XXXXI, Issue 10692, 22 August 1904, Page 2

THE MONEY MARKET.

Aiihoujrh the local supply of money is abundant for nil ordinary purposes, it is thought that extraneous iufhientes point to the probability of a hardening! in the value of money- The j Bank of Engla.ud returns for the last I fewl weeks h.i.vo revealed, a. rising market- The London money market is well known to hh su}>evfeensitive. responding instantly to otuu.rrenees in all parts of the world a* well as to Ihe oh'h« and flow:-;- of fin a -ir'O and trade within (Jio Kingdom*. Other factor's I nt-aye honije) have their influen-ctei- • There is the fanit tluut. the New Zea- , liiiid (JoveiTmien.f. intends to seek to raise "Tn thb local market a new loan . of £750,000 in iidditlon to the hala.ndo of .£-116.000 of the old loan unplaced; There i.s also the financial position in Aluijtralia;, which cannot fail, in some measure, to affect New ZoaJsi.md ' tlmoujih the. institutions tnulinjr in ! both pla.-Jtss. T Tndcii- these influences it lias been detormined hy tlie bajvks to ' la.iso the. vat-es foi' deposits; foi" ' years to 1 pvr cent per iininnn,- Tlie- J Now Zwil.-i.nd Trade Review regrets, on account of the effed the movement ' wj«s' posai'Uy have in other q.uarter&. ' iixax: tlie Ijaj/kt; Jiave considered it necessiTry to |«ku this hi&p, but pre- l s\vn»o that with thy noy(^rninc4)t> in die market with 1 per cci.it- dcibwx- t r-ures t]iey felt- bmrnd' (o prulccf. Hi<>ir own intOTeett, and those of tlio c«jmmeroial and indu^riaj coijiuiuuity for f tlvej- cntffr', .• '#