COMMERCIAL.
London Market Report, December 24. — Owing to the distress generally prevailing throughout the country, and the numbers unemployed in the manufacturing districts, the falling off in consumption continues, notwithstanding the low prices ruling for most articles. Under those circumstances, the business which has been transacted in the produce maiket since our last has not been of an extensive kind. Prices, however, do not show much variation, though in particular instances a decline may be noticed, and it is, moreover, generally believed that, as regards some articles, quotations must go lower. Still importers are looking fur better rates, and latterly sales have not been pressed, so that there is a perceptible reduction in the quantities brought forward. Money, too, is more plentiful, and discounts are lower, the rates being from 5| to G| per rent, on good paper. At weekly meeting of the Bank of England yesterday, the minimum rate of interest was fixed at 5 per cent.) so that discounts will now go lower.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/NZ18480429.2.10.1
Bibliographic details
Ngā taipitopito pukapuka
New Zealander, Volume 3, Issue 200, 29 April 1848, Page 3
Word count
Tapeke kupu
165COMMERCIAL. New Zealander, Volume 3, Issue 200, 29 April 1848, Page 3
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Auckland Libraries.
Log in