THE MARKETS.
[Per Pukss Afsooiation.l London March 13.
Owing to the favorable reception of Mr Gcschen's conversion scheme Australian stocks are advancing strongly. New South Wales three per cents are quoted at 107, fours at 115; New Zealgnd fonrs, £103 15s.
(Referring to the advanoe m colonial gacurities the "Wellington Post" says : —
" Several of our contemporaries, we notice, are inclined to gush a little over the recent advanco m the values of New Zealand securities, overlooking the fact that tbe halfyearly dividends are duo next month, and that until Bharea oorae to be quoted ex dU\, they show a steady inoreaso m value as interest accrues. This does not account for tho full rise m the present case, but doubtless for a good deal of it. The general condition ofjthe money market has tended to raise|(colonial Btook m publiofavor,")
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Ashburton Guardian, Volume VII, Issue 1790, 15 March 1888, Page 3
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139THE MARKETS. Ashburton Guardian, Volume VII, Issue 1790, 15 March 1888, Page 3
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