WARLIKE NEWS.
[" Argus " special.] London, March 23. The Admiralty have purchased a small railway for military purposes, also four powerful ironclads in the Thames, built for Turkey and Brazil. Mouey is in less demand, and rates are dropping. Bank rate 2 per cent. The Bank reserve has been weakened by gold withdrawals. Consols 95§. The market for Australian securities shows a downward tendency. The New Zealand consolidated loan is quoted at 104. The wool sales show considerable weakness as the sales progress, and the langour in the demand has led to several withdrawals.
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Bibliographic details
Nelson Evening Mail, Volume XIII, Issue 73, 26 March 1878, Page 2
Word Count
93WARLIKE NEWS. Nelson Evening Mail, Volume XIII, Issue 73, 26 March 1878, Page 2
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