London.
Silver is quoted at 8s 4d and 7-18 d. The Standard says it will drop to 2s 6d shortly, unless the American law is changed. The mines of Huanchanca, in Chili, are capable of an enormous output at a cost of under ls per oz. The Freeman's Journal has absorbed the National Press on terms extremely advantageous to the proprietors of the latter paper. Mr Dillon has been appointed chairman - of the New Company. l Under the will settlement arrived at the Woodfamily receive £142,000. Mrs Parnell receive £70,000, and she has agreed to divide a life interest with . Captain' O'Shea^ and afterwards with * the children of her first husband. It is believed that copper may possibiy touch £50. It is not expected that the European mines will agree to the 'limitation of the output suggested from America. The London market views the combination with disfavour. The syndicate is buying freely. The withdrawal of a million of gold from the Rothschilds' vaults, and the Behring Sea crisis, have had the effect of disturbing the money market.
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Bibliographic details
Manawatu Herald, 31 March 1892, Page 2
Word Count
177London. Manawatu Herald, 31 March 1892, Page 2
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