NEW ZEALAND SECURITIES.
“ Westgarth’s Circular,” of September 24th, says:—“ The New Zealand scare, which is a repetition of what we had about three months ago upon the bad financial statement, has been aggravated by attacks upon the colony in many of the newspapers. The unusual quiescence of the present holiday season has also made it difficult to effect sales, and thus the market has given way under some accumulation of offered but unsold stock. There has thus been in the four weeks’ interval a fall in the New Zealand Stocks averaging quite 2t per cent., from which extreme, however, there has been within the last three days a recovery of about 11 per cent. The Five per Cents., I£B9, at their lowest extreme, fell 21 per cent, to 1031-f; the 10.40 fell the same to 991 xc; thv 5.30 fell 2 per cent, to 991; the Consolidated fell as much as 3 per cent, to 100, and the 4 per cent. 11 per cent, to 86. A better feeling now prevails in these stocks, and the prices seem firm and advancing from these comparatively low rates.
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Bibliographic details
Globe, Volume XXII, Issue 2097, 12 November 1880, Page 3
Word Count
186NEW ZEALAND SECURITIES. Globe, Volume XXII, Issue 2097, 12 November 1880, Page 3
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