COMMERCIAL.

South Canterbury Times, Issue 8227, 7 June 1895, Page 1

COMMERCIAL.

Per Electric Telegraph—Copyright. Per Press Association. London, June 5. The Investors' Review points out that within fourteen months the prospectuses have been issued of seventy-five mines in Western Australia, and that the total capital of sixty-four of them exceeds £8,000,000. Many of them are without any prospects of paying, and three failures have been already recorded. It is not a hopeful start. Mr Vagg is leaving for Melbourne and Mr Henry Reynolds for New Zealand, in order to explain the scheme of each firm to sell all Australian butter weekly byauction, Mr Vagg also suggests that a central store should be erected. Adelaide, June 6. The new local loan of £311,009 at 3i per cent, issued at par, has been floated with great success. The amount entered was £719,000. Fifty-seven tenders were received for the loan, besides six which were too late. The largest was from the Adelaide Savings Bank, covering the full amount, and it only receives £89,000. All the applications will be allotted in full up to the first £20,000; beyond that they will get one-quarter. Sydney, June 6. An easier tone prevailed in the silver share market to-day, and prices generally declined. Centrals sold at Is 9d lower.