MONEY MARKET.
FALL. IN CONSOLS. AUSTRiLIVS 80LVKS0T. HI rans ASSOCIATION. Beoeived 17,0 *a m. j London, April 16. Sir Edgar Vinceat, a prominent financial authority, in a letter to the Times, attributes thi fall ia Consols to the fl soding of the market with high class British securities beyond the capacity of the public to absorb. The admission of Colonial securities ti the rank of trustee securities, and lar?e municipal loan iuu»s were also contributing factors. Mr B. L. Nwh, fiaanciil editor of the. Sydney Daily Telegraph, in. a column letter published in the Times, says Australia's ability to carry her debt is undoubted, and that there is not a likelihood of a crisis, though a depression is in store
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Bibliographic details
Taranaki Daily News, Volume XXXXV, Issue 93, 17 April 1903, Page 3
Word Count
120MONEY MARKET. Taranaki Daily News, Volume XXXXV, Issue 93, 17 April 1903, Page 3
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