THE MONEY MARKET.
Press Association.— Telegraph.— London, May 30. The leading financiers in the city fear there will be a long continuance of dear money. The Economist states if the colonies wish to depend on the public for floating their loans the present system of inviting tenders must be abandoned, and it considers there i* no reason why the Queensland loan should not • have been subscribed if it had been kept open for two months at the fixed price of 92, and provision - made for interest to accrue from the date of subscription. The city leading bankers have agreed to meet when : occasion arises and. decide with the. Batik of England the minimum rate of discount for three months' bills.
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New Zealand Herald, Volume XXVIII, Issue 8581, 1 June 1891, Page 5
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120THE MONEY MARKET. New Zealand Herald, Volume XXVIII, Issue 8581, 1 June 1891, Page 5
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