ENGLISH COMMERCIAL.
Tlic lori'efjiotiiii'iit "f t!io Mi l!;Otirno "Argus," writing from London on tho I'Jili .fuin % , u'in:irl<-< : — ]'"■>!• sill ki:i<ls of Au-.hiiiiiiii accui'iluM our m .rlu'f has b-jun b.'i.L vl -i--.it Iho I'ufii-o
month, an. l in nio3t of the Government debentures an udranro ha? taken ]>lnco. Tlu % conversion of tho New Zealand Cleneral trovernment and Provincial Debentures has been a complete success. Never was tho old proverb of " honesty" being " tho best policy" more strikingly exemplified Hum in tlio case of the public securities of thi9 colony. It was only two yo.ii'3 ugo tli.it their sccuril.io3 were all but unsaleable at any prieo in tho London market ; whoroas now, owing to tho straightforward conduct of tho Slinisiry under °Mr Stufloi'd, they rank seeon.t only lo tho securities of Yieloria. F-o;n the same source wo glean tlio following : — Tho English funds have been unusually buoyant duritig Die month. Aj>art fro:>i tlio a Iverso induenco of poliucil conipVuiitions and continental rumors, everything ii favorable- to a !ug!i range of quotations. Consols have odvanced to S)5 to 9o\ exdiv., but owing to a largo pressure of a.iles, have receded temporarily to Uij to 93.
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Bibliographic details
West Coast Times, Issue 909, 21 August 1868, Page 2
Word Count
191ENGLISH COMMERCIAL. West Coast Times, Issue 909, 21 August 1868, Page 2
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