THE PRICE OF CONSOLS
Press Association—By Telegraph—Copyright
LONDON, September 12, (Received Sept. 13, at 9.52 a.m.)
The Hatne=s of consols is chiefly due to dear money and the growing nilwieldly bull account, particularly of purchasers, who borrowed anticipting a rise at the c-nd of the Boer war. The Financial News refuses to join the pessimists, and says it believes the depression is the result of a combination of circumstances that cannot endure. The only permanent, elements against consols are the reduced interest, the larger outstanding bulk of the National Debt, and the enlarged area- of trustee investments.
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Bibliographic details
Otago Daily Times, Issue 12767, 14 September 1903, Page 5
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97THE PRICE OF CONSOLS Otago Daily Times, Issue 12767, 14 September 1903, Page 5
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