MARKET SOUNDNESS
READY TO ABSORB LOAN ISSUES. CONVERSION BY NEW ZEALAND. By Telegraph—Press Assn.—Copyright. London, June 19. The Daily Telegraph’s financial correspondent says that the outstanding feature to-day was the strength of giltedgeds. Though prices closed below the best points the market is in good trim to absorb municipal and other issues. The market believes that steps are imminent to convert New Zealand’s £10,000,000 outstanding 5 per cents. (1935-45).
MR. COATES’ NEGOTIATIONS. OUTSTANDING DOMINION LOAN. By Telegraph—Press Association. Wellington, Last Night. Referring to the cable stating that a New Zealand conversion loan was imminent on the London market, the acting-Minister of Finance, the Hon. A. Hamilton, said he understood the conversion of an outstanding loan was one of the matters which the Minister of Finance, the Rt. Hon. J. G. Coates, was la negotiate at London.
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Bibliographic details
Taranaki Daily News, 21 June 1935, Page 5
Word Count
136MARKET SOUNDNESS Taranaki Daily News, 21 June 1935, Page 5
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