DROP IN CONSOLS.
DOWN TO £76. LONDON, June 20. ' Consols are quoted at £76- The wcakfiess is due. to selling to meet calls on Mv Zealand scrip. .Tie statement that the issue- of a. smal] •hew' Zealand loan of two millions could affect the price of British Consols is Manifestly absurd. The London money loarket'lias been hardening for a considerable time past, and on June 15 the Jrice of Consols had" fallen to 70g, the lowest quotation since IS3I. It is geneTilly accepted that money will be dear ttroughont the world for'twelve months at least, and investors are naturally disposed to put their capital into the 'many gilkedged securities now offering,, which jieldlaJiigher rate of interest than Con- £ .°& give even at the current low rates.
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Bibliographic details
Auckland Star, Volume XLIII, Issue 148, 21 June 1912, Page 5
Word Count
125DROP IN CONSOLS. Auckland Star, Volume XLIII, Issue 148, 21 June 1912, Page 5
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