New Zealand Stock
The colony is indebted to Sir Julius Yogel for the sudden rise in New Zealand stock in England. The Posi says : — When the last New Zealand loan was floated, a promise was given
not to put another loan on the market until after the present month—October. The fear of this loan being brought out has kept down the price of New Zealand stock, notwithstanding that the half-yearly dividend was approaching. The arrangement made by the Colonial Treasurer to place money in London and so obviate the necessity of floating a loan for some months, has already sent up the price of New Zealand stock a half per cent., and it is likely to rise within the next few weeks two per cent, at least additional. The idea suggested by the New Zealand Times tbat the rise is consequent on the result of the elections, is utterly absurd.
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https://paperspast.natlib.govt.nz/newspapers/FS18871004.2.5
Bibliographic details
Feilding Star, Volume IX, Issue 45, 4 October 1887, Page 2
Word Count
150New Zealand Stock Feilding Star, Volume IX, Issue 45, 4 October 1887, Page 2
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