COMMERCIAL.
(Per Elboirio Telegraph—Copyright.) [Per Press Association.] (Received 8 p.m., Feb. 3rd.) London, Feb. 2. The shareholders of the Standard Bank, Melbourne, readily responded to the call for assistance, and expressed a desire that, the business should be resumed. The butter market has seriously collapsed. A portion of the shipment of Victorian factory-made' was sold for 112 s to 115 s per cwt. (Special to Press Association.) (Received 10.45 a.m„ Feb. 3rd.) London, Feb 2. The reinstated firm of Baring Bros, show a profit for the year of £112,000; £50,000 was carried to reserve and a dividend of 5 per cent, declared. At the annual meeting of shareholders of the Union Bank of Australia the chairman said that they had suffered less harm by the depression than any of the banks in the colonies. The profits were less by £15,000, but this was a small amount, considering the acuteness of the crisis in Australia. The total amount of the profits for the year was £106,000. Paris, Feb. 2. The Journal Des Dehats considers it probable that the new duties will inaugurate a period of insecurity and isolation for France.
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Bibliographic details
South Canterbury Times, Issue 6751, 4 February 1892, Page 1
Word Count
189COMMERCIAL. South Canterbury Times, Issue 6751, 4 February 1892, Page 1
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