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Thames Advertiser, Volume VII, Issue 1915, 10 December 1874, Page 3

Mr We3garth, who is Regarded as the best authority in London job, the subject of colonial a curities, says Abundances of money and the low bant rate of 3 per cent, have been favourable to the Colonial ; overnraent securi. ties: At the same time only the old 1 issues, have maintained the late high values. There has been, as usual, comparatively small business during the last two or three months, and the late new colonial issues have all been very heavy of s<le, particularly the New' Zealand per cents, of which a million and a half were sold May last. Almost all the colonies are coming ai'gely on this market during this year and next. Victoria will shortly open the ball with £1,500,000; afterwards New South Wales, for a little over £800,000; South Australia for £600,000; and at a later date, no doubt, New -Zealand again, for further large sums. SuoU unusual amounts of oolonial stocks cannot be realise 1 within short intervals, without material reduction, for the time at least, invalue. Tbis is now biing experienced iu the gradual depreciation of the New Zealand por cents. They.-' were first issued last January at US ex accrued interest, and they are now under 9G ex interest,, and appaiently still declining under pressure of a fu'l market. The' l<rgo New Zealand , stocks, are lo«er in .sympathy with the great' urn sof new stook still pressing on the m irket." < A. noiy pieoo ({ Qrockocj—the cup that cheers,