SOUTH AUSTRALIAN STOCKS.

Press, Volume LIV, Issue 9736, 26 May 1897, Page 5

SOUTH AUSTRALIAN STOCKS.

Press Assoc—tton—By Telegraph -Copyright.

London, May 24. The South Australian loan has been placed on the market and tenders are to be opened on Friday. The South Australian loan has been favourably reoeived and its success is assured. The net minimum is £94125. South Australian 8 per cent, stock closed to-day at 97£. Adsla— »b, May 24. In reference to tho new loan holders of Treasury Bills last week were notified that they might, on June Ist, take payment for them in cash, or .accept in exchange Consolidated :: Three p_ t Cent stook at par, redeemable in the year 1918. The .amount of bills falling due is £849,000, but £185,000 has been received from the sale of land and set apart as a sinking fund. This leaves £664,000 to be raised to effect the redemption Of bills. The Treasurer states that; he requires the balance of the loan to.meet the 5 and 6 per cent, bonds falling due during the. next eighteen months. The placing of the loan on ike market leads to the assumption'that the negotiations with the Treasury bills failed. The State Bank' has decided to endeavour to obtain a better' price for ite bonds than it is receiving in Adelaide, and one of $c J&n| ;; o_;oia- bas»be# de|patoh# to London to negotiate the sale.