MONETARY AND COMMERCIAL.
<_■* [Spicial to Press Association.! LONDON, Sept. 28. \ The Times says that the reforms promised by New South Wales have satisfied investors, and signs of a 1 coming era of prosperity are hopeful. WASHINGTON, Sept. 28. A movement for a compromise has been Btarted by leading men in Philadelphia to maintain the M'Kinley tariff while allowing free ' coinage of American silver upon the ' basis of a seigniorage of three-fourths of the London price of silver, making ! ifc legal tender to the value of a ; dollar. The President strongly urges immediate repeal of the Sherman Act, and expresses astonishment at the opposition of the Senate, who, he says, may plunge the country into deeper depression. SYDNEY, Sept. 28; The minimum of the new loan has been fixed at 98, or par if possible, and it will have a currency of forty years.
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Bibliographic details
Star (Christchurch), Issue 4761, 29 September 1893, Page 3
Word Count
143MONETARY AND COMMERCIAL. Star (Christchurch), Issue 4761, 29 September 1893, Page 3
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