Monetary and Commercial.
♦ [Special to Press Absooiation.l PARIS, Jan. 12. The vintage for the season is estimated at 50,000,000 gallons above the average for the past four seasons. LONDON, Jan. 12. Millions of New South Wales and Victorian stock are awaiting realisation. The cable stating that New South "Wale 9 had decided to issue Treasury bills at four per cent at par has greatly depreciated and injured the prospect of the issue, which is considered to be impossible of success at less than four and a halt' per cent. Farchasers who had already arranged to take large amounts at 4| per cent now refuse to touch bills at 4 per cent, and any attempt to force a public loan would produce a panic. Jan. 13. The- Union Bank of Australia has declared a dividend of 12 per cent per annum, and carried forward the sum of £16,000. The New Zealand Gold Extraction Company amalgamates with the parent Company.
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Bibliographic details
Star (Christchurch), Issue 7179, 14 January 1892, Page 4
Word Count
158Monetary and Commercial. Star (Christchurch), Issue 7179, 14 January 1892, Page 4
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