COMMERCIAL INTELLIGENCE.
ENGLISH COMMERCIAL. (IIY CAULK.) London, Dec. 21. The money market is tight, and the discount rates in the open markets are stiffening. Large amounts of foreign gold are being received into the Bank. The reserve is half a million weaker. The increasing value is only produced by a temporary inactivity in the stock market. Consols, 94}. The market for Australian securities continues depressed. The corn markot is unchanged. New Zealand wheat is neglected at 42s to 4Gs. Numerous meeting are being held throughout the country regarding the prevailing distress, which is increasing rapidly, especially in the larger towns. It is alleged that in tlic north, the distress is equal to the cotton famine.
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Bibliographic details
Oamaru Mail, Volume IV, Issue 841, 24 December 1878, Page 2
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115COMMERCIAL INTELLIGENCE. Oamaru Mail, Volume IV, Issue 841, 24 December 1878, Page 2
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