COMMERCIAL.
THE FINANCIAL MARKET. DECREASE IX STOCKS. Australian-N.Z. Cable Association. Received Dec. 31, 8.20 p.m. London, Dec. 30. The Bankers' Magazine shows that the values on the Stock Exchange of 387 representative stocks have decreased by 771 million, equal to 23 per cent., since the outbreak of war. The depreciation In 1017 amounted to 158 million, being entirely due to the decline in American railroad securities, amounting to 100 millions, wherefor America's flotation of a thousand million dollars of war loans was mainly responsible. Many British commercial securities appreciated largely in 1917, especially breweries, canals, and docks, also shipping, insurance, and banks. British Indian funds moved downwards. Colonial stocks slightly improved. WORLD'S WHEAT YIELD. Received Dec. 31, 8.20 p.m. •London, Dec. 31. Tlie International Agricultural Institute estimates the world's wheat yield in 1917, exclusive of Russia and the Central Powers and Australasia, as 998,838,000 cwts., being 8.9 below that of 1910.
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Taranaki Daily News, 2 January 1918, Page 6
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151COMMERCIAL. Taranaki Daily News, 2 January 1918, Page 6
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