COMMERCIAL.
(Pbb Eibctkic Tblbgbaph—Copyright.)
(Per Pbbss Association.)
(Received 11 a.m., July 20th.) London, July 19.
The London branch of the Mercantile Finance Trustees and Agency Company has refused to accept deposits for the last eight months.
Washington, July 19.
There is acute pabic in Denver City, Colorado. The Union National Bank, with a capital of 1,000,000 dollars, suspended. The Commercial National, and National Bank of Commerce, at Denver, have also failed, and runs are proceeding on several others. Twelve banks in Kansas and Colorado failed yesterday.
(Received 10.50 am., July 20th.) London, July 19.
The Standard says there is great depression owing to backers forcing brokers to increase the margins on advances, or sell their paper. The journal thinks it probable that disastrous failures will be the result.
(Received 11.30 a.m. July 20th.)
Wool is firm and competition is spirited. The total quantity of wheat and flour afloat for the United Kingdom is 3.344.000 quarters, and for the Continent 1.680.000 quarters. For a cargo of Victorian wheat, 28s 9d is offered.
Twelve thousand quarters of Victorian whart, March shipment, have been sold at 29a. /
Silver, 2a 9d. \ Indian 4 per cent rupee paper is quoted at £69 6s per 1000 rupees.
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https://paperspast.natlib.govt.nz/newspapers/SCANT18930720.2.27
Bibliographic details
South Canterbury Times, Issue 7267, 20 July 1893, Page 3
Word Count
201COMMERCIAL. South Canterbury Times, Issue 7267, 20 July 1893, Page 3
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